Cardano blockchain is the home of ADA and it’s a highly innovative platform which uses a scientific framework for funds transfer. It has been in existence long enough to draw a sizable following and has always maintained a position in the top 15 cryptocurrencies by market capitalization. Recently, when it got listed on a popular exchange platform, prices spiked significantly, resulting in significant media coverage. If you are thinking of getting in on the action, or have been a long-term enthusiast, this guide is for you. It analyses the popular wallets out there that offer storage, trading and exchange services for Cardano users. Read on to find out which one is best for you. On this Page:Contents [show] Best Exchange Wallet for Cardano (ADA) in 2022 InvestInvest£=CardanoRefreshMore FiltersSort ByRating4 Providers that match your filtersPayment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees1 or betterSafety1 or betterCoin selection1 or betterRating1 or betterClear Filter Ratingfor £ 1000 you get1044.1053ADAWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionFeaturesPayment methodsfor £1000 you get1044.1053 ADARead ReviewBuy CardanoRead Review68% of retail CFD accounts lose money.Load more + Best Cardano Wallets in the US Binance – Best Cardano wallet for Mobile Infinito Wallet – Best Cardano Wallet for Mining Coinbase – Best Cardano Wallet for Functionality Exodus Wallet – Best Cardano Wallet for Beginners If you are seeking to purchase the sixth-largest cryptocurrency by market cap, you will definitely need a wallet to keep it. Cardano wallet will store your long and complicated private key and enable you to interact with the part of the blockchain where your ADA is located. Through Cardano wallet, you can buy, sell, send, receive, store and finally stake your ADA coins to earn more rewards. Apart from the functionality, there is still one more thing you need to take care of – security. The crypto world is filled with several safety threats, so your Cardano wallet must possess the strongest security features to keep your account away from fraud and malicious logins. With so many options, you may find it a bit time-consuming to select the most functional and suitable Cardano wallet for you. Hence, we have done detailed research and handpicked the best Cardano wallets for desktop, mobile, staking, etc. CompareTo make your choice of the best Cardano wallet a little easier, this guide undertakes a comparison of the popular Cardano wallets in the market. Using this information, you can select the most suitable one for your personal needs. If you want to learn more about how to buy Cardano and other cryptocurrencies, check out this guide. Best Cardano Wallets in the US – Full Reviews Binance – Best Cardano Wallet for Mobile Whether you look for a Cardano software wallet for your iOS or Android operating system, the Trust wallet backed by the Binance cryptocurrency exchange is a perfect choice. Before moving to the features of the Trust wallet, it’s crucial to note that it shouldn’t be confused with Binance’s exchange wallet. When you buy cryptos on Binance exchange, it’s initially stored on your exchange account. Afterward, you can decide whether to leave it there or transfer it into a Trust wallet. So, Trust wallet is an entirely separate product from Binance exchange with its own features, pros, and cons, but it was designed and launched by Binance Holdings. Trust wallet is excellent storage for your crypto in terms of both – functionality and safety. It enables you to buy, sell, store and stake several crypto assets. Initially, Trust wallet only supported ERC20 and ERC223 token-based cryptocurrencies, but later it expanded its selection of digital assets. Now, you can access over 160 cryptocurrencies through Trust wallet. Along with these functions, Trust wallet also provides a simple-to-use user interface and good customer support. The app is equipped with price charts that enable users to keep track of crypto price changes without leaving the app. And what is most important is that it has built robust safety features to prevent any type of fraud. Plus, users can activate additional layers of security from the app’s settings. Trust Wallet is free to download and install, nor does it charge any subscription fees. However, as you make transactions and stake crypto, you will be charged gas fees which are paid to blockchain validators. Pros Supports more than 160 crypto assets Provides a user-friendly platform Has built good security system Free to download More control over your private keys It runs on iOS and Android mobile systems Cons Not as secure as hardware wallets Customers sometimes complain about the support system Visit Binance Infinito Wallet – Best Cardano Wallet for Mining Infinito wallet is one of the most well-known software wallets worldwide, which is mainly famous for the versatile collection of crypto assets it supports. The wallet offers almost 2000 cryptocurrencies that are available to buy, store, send, receive and stake. Like most other software wallets, Infinito can be downloaded for free, and you can find its app in the Appstore and Play Store. However, gas fees are applied for transactions that are classified into three groups – Economy, Regular, and Premium. It means that you are allowed to select the pricing limit and use the lowest possible cost by choosing the lowest transaction speed. Infinito wallet has other notable features too. It possesses sound security systems to protect your account from possible threats, including fingertip recognition, password protection, ID claim, etc. Another great thing about this wallet is its straightforward platform and fascinating support system, including live chats, app availability in 8 languages, and several other features. Pros Supports a wide range of crypto assets Possesses strong security features Allows staking several cryptocurrencies Free to download on iOS and Android devices Excellent customer support with live chat available Good functionality (including market alerts, analyses charts, etc.) Supports customers from over 190 countries Cons Higher gas fees for quick transactions Not available on desktop, only mobile app Visit Infinito Wallet Coinbase – Best Cardano Wallet for Functionality Coinbase provides one of the best cryptocurrency wallets regarding security and functionality. Apart from being backed by one of the most reputable crypto exchanges, Coinbase wallet introduces some unique features too. Though being a hot wallet, Coinbase acquires a high-level security system based on Secure Enclave technology. The latter offers multiple safety layers for protecting your account and storing your private keys effectively. Coinbase can be used on iOS and Android devices. It’s also compatible with several well-known hardware wallets, such as Trezor, Keepkey, and crypto-friendly bank accounts. Although the list of crypto assets Coinbase supports is not too extensive, the platform allows other functions besides storing cryptocurrencies. These functions include storing non-fungible tokens (NFTs), supporting ICOs, access to dApps and Defi products, paying with crypto in shops where it is accepted, etc. Coinbase is available for free download, but as with other software wallets, you need to pay transaction fees. Trading fees on Coinbase vary depending on which payment method you use and start from 1,49-3.99%. But other factors may influence too, such as your location and order type. Coinbase offers other pricing options, which you can find on their platform. Pros It offers the best security features as a software wallets Compatible with many hardware wallets Backed by a crypto exchange with a good reputation Supports NFTs storing Compatible with crypto-supported bank accounts Available for free download Cons It does not offer an extensive collection of cryptocurrencies Fees may be higher for some payment methods Visit Coinbase Exodus Wallet – Best Cardano Wallet for Beginners Well-known for its friendly design, Exodus started as a desktop app. Later on, the wallet launched its mobile version, too, which is available for Android and iOS users. Exodus may attract beginners to store Cardano as it has a super catchy design and easy-to-operate platform. Exodus protects your account with good safety features. Still, the wallet does not require providing personal information and verification processes. Plus, it offers two methods of restoring your account in case you lose it or it is harmed. Exodus is compatible with hardware wallets, too, including such secure ones as Trezor hardware wallets. Along with supporting several cryptocurrencies, Exodus provides an exchange where you can trade between your favorite crypto assets. It also has a section dedicated to your portfolio where all your owned crypto assets are displayed and their current prices. One of the minuses of Exodus wallet is that it does not support transactions in fiat currency. As for customer support, Exodus is beyond the competition. It has several support options, such as videos, live chats through Slack, email possibility, FAQ section, etc. Exodus shines with its customer support and design features as its primary emphasis is on improving these functions. However, it also negatively affects the wallet, as it lacks some crucial security features. Pros Super friendly design Great customer support features Basic security features are provided Compatible for hardware wallets to enhance security Supports almost 150 crypto assets Exchange and portfolio sections are provided Cons Not as secure as software wallets can be It can be easily hacked Visit Exodus What is a CardanoWallet? What is a Cardano Wallet? Just like Ethereum, Cardano (ADA) is a smart contract platform which uses a layered design to enhance security. The team behind it describes it as a third generation blockchain wince it was the first of its kind to be developed on the basis of scientific philosophy using peer-reviewed academic research. Everyone who owns Cardano uses a digital Cardano wallet to keep track of it. Cryptocurrency wallets can be used to: Send Cryptocurrencies Receive Cryptocurrencies Trade Cryptocurrencies Spend Cryptocurrencies Withdraw Cryptocurrencies Each Cardano and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot: Send Cardano to any non-Cardano crypto address Share user information with 3rd parties (not recommended) Withdraw or access bank funds (only Bitcoin ATM) Create a Cardano Wallet Unlike most other blockchain platforms, this one was designed with the aim of finding the middle ground between regulation and user satisfaction. It thus strives to balance the decentralization and privacy principles that define blockchain and a need for regulation. The platform uses one of the most flexible programming languages, Haskell. Another unique aspect about it is that it does not seek to overhaul the legacy financial industry. But rather, it aims to leverage blockchain to take banking to underbanked areas. Cardano has been in existence since 2015 and is based in Switzerland, operating under the Cardano Foundation. At the time of writing this guide, it was in the 10th position of cryptocurrencies ranked by market capitalization. If you would like to invest in or use Cardano, one of the first steps would be to get a Cardano wallet. A Cardano wallet is one that has necessary frameworks in place to allow for the storage of and transactions in the cryptocurrency. There are numerous options available when it comes to Cardano wallets, each one with unique features. Let us assess some of the best ones. Best Cardano Wallet Providers Binance Binance is not only one of the most popularly used crypto exchanges globally; it also has one of the highest trading volumes. At the time of press, it handles more than $940,000 dollars’ worth of digital assets every 24 hours. Surprisingly, it has only been around since 2018 and within its short period of existence, it has experienced massive growth. The platform initially launched in China but due to regulatory challenges, later moved to Malta where it now operates. Though it offers basic and advanced trading options, none of these are ideal for a complete beginner. To open your own Binance account, follow these steps: Step 1 – Create Your Binance Account. Head on over to Binance.com and register an account. You will only be required to enter your email address and password. Binance will send you an email. Click the link in it to complete registration. The link will take you to your new account and you will get a prompt to supply more information about yourself. Doing so will allow you to access the full functionality of the site. Once you have done so, you can start trading Cardano and using the exchange wallet for storage. Note: You can’t buy Cardano with fiat money (like USD) on Binance. Step 2 – Go to “Funds” > “Balances” On this page, you will be able to view all your account’s wallets. Anytime you make a purchase, your order will reflect in the relevant account. At the top of the list are the wallets with coins in them. To transfer Cardano to your Binance exchange wallet, click on “Deposit” and once you do, you can start trading ADA pairs on the site. Infinito Wallet Infinito describes itself as the first universal crypto wallet as it supports one of the highest numbers of digital currencies. In addition to major coins, the wallet also supports ERC-20, ERC-223 and NEP-5 tokens and the list is always growing. The company behind it is known as Infinity Blockchain Labs and is registered in the UK on the Isle of Man. Other features apart from the sheer number of assets it supports include touch ID, frequent address storage and multiple languages. To get your own Infinito wallet, follow these steps: Step 1: Download Infinito Wallet Go to Infinitowallet.io and click “Download” then select the suitable file for your device. After the download completes, install the file and then follow the prompts to open up the wallet. Step 2: Go to the Cardano Wallet already within Infinito Once you open your Infinito wallet, your Cardano wallet will be ready for use. You can start sending, receiving and storing your Cardano coins immediately. Coinbase Coinbase is one of the largest crypto exchange platforms globally, with a presence in 32 countries. It has been in existence since 2012 and like Coinbase, accepts credit card payments and bank transfers for crypto purchases. However, it does not support as wide a variety of coins as Coinbase and others. It added support for Cardano in March this year. Though it is an exchange wallet like Binance, it claims to store 98% of funds in cold storage. Here is how to create your own Coinbase account: Step 1: Create Your Coinbase Account. Go to Coinbase.com and click on “Individual” account You will have to enter your full name, your email address and a new password for the account. Next, head over to your email and click on the link in the Coinbase email That will take you to your new Coinbase account. Step 2: Find Your Cardano Wallet. Once you open your account, click wallets to see your Cardano wallet (as well as all other Bitcoin wallets that Coinbase supports). Click the wallet to open it to view your wallet address. You can now send Cardano to this wallet address. Additionally, any Cardano you buy on the platform will be stored in this address before you move it to cold storage. Exodus Wallet Exodus wallet is different from Coinbase and Binance wallets in that it is a software wallet for the desktop. It is a popular desktop wallet with a friendly user interface and lots of features. Created in 2016 by co-founders JP Richardson and Daniel Castagnoli, the wallet has over time incorporated support for a wide range of assets. These include more than 100 digital currencies with portfolio balances that can be displayed in at least 30 fiat currencies. Follow these steps to set up your Exodus wallet: Step 1: Download Exodus. Go to Exodus.io and download the desktop client for your Exodus wallet and then follow the prompts to install it. Step 2: Open Your Exodus Cardano Wallet. To view your Cardano wallet click “Wallet” and then click it to see your Cardano wallet address, balance, and other details. Differences Between Exchange, Hardware and Software Crypto Wallets Our guide has covered different types of wallets that you can choose from when looking for a Cardano storage solution. These different wallets each offer varying features that make them suitable for various users. Depending on your transactional habits and personal preferences, you can find one that suits your needs. But before making your choice, let us help you understand the merits and demerits of each type of Cardano wallet: Exchange Wallets Exchange wallets allow holders of ADA to access storage facilities for the cryptocurrency they buy. Though some make the mistake of leaving their ADA on this type of wallet, it is risky. They are built for short-term storage due to the high vulnerability to online attacks. For long-term storage, you are better off with another type of Cardano wallet. Here are our favorite Cardano exchange wallets: Binance Wallet Coinbase Wallet Hardware Wallets Hardware wallets are physical gadgets that store ADA holders’ private keys. What makes them one of the safest options for long-term storage is that they are not connected to the internet. They only require a connection to another device when transferring funds. Otherwise, they are almost always offline. Due to their small size, they are portable and easy to carry around. However, they are not as convenient as mobile and exchange wallets for ADA when it comes to transacting on the go. Here are some good examples of Cardano hardware wallets: Ledger Nano S Trezor KeepKey Software Wallets Software wallets include mobile and desktop wallets. They require software installation and store your private keys on-device. Mobile wallets are among the most convenient for transacting on the go as they use a fully functional app on your phone. Desktop wallets are a little safer but harder to access than the former since they require a PC. But they store the private keys on the hard drive. Software wallets are not as great for frequent transactions as exchange wallets are. Here are some good examples of Cardano software wallets: Exodus Infinito Guarda Best Cardano Wallet on Mobile AppleAndroidApple x Android Best Cardano Wallet Apple Lots of mobile wallets are available for iOS devices. One of the best recommendations is Infinito. We recommend it because of the wide array of asset support. It also has great security features including touch ID and contact management. Coinbase is yet another great choice as it offers top-notch security features including its own proprietary framework. It is also compliant and versatile, offering much more than just asset storage. Best Cardano Wallet Android Our top recommendation for Android users is the Jaxx wallet. It supports a large number if cryptocurrencies and has an intuitive user interface. Coinbase is also a highly versatile and reliable solution with better security features and more functions than Jaxx. It has also been around longer and made a great name for itself. There are hundreds of Cardano wallets available on mobile devices. Most of them are not worth your consideration. Here are the things to consider when choosing Apple and Android crypto applications: Apple Only compatible with Apple apps Many crypto apps are instantly banned by Apple due to T&C violations Apps from anonymous publishers will not be accepted Android Android is application-agnostic All apps appear in the Play Store, even the scams Android apps can mine certain cryptocurrencies As you can tell from the above comparative analysis of Cardano wallets, there are lots of choices for all types of users. But at the end of the day, the choice you make boils down to priorities. Find out whether the platform you are considering supports the services that matter to you. In addition to priorities, it is important to consider the support system of the wallet service provider you choose. To find out how well or poorly it performs in this regard, visit discussion forums like Reddit and Bitcoin Talk. On such platforms, you can find honest user reviews based on first-hand experiences. And most importantly, consider the security measures the platform has in place. Take time to carry out research into its past security breaches if any. What Makes a Good Cardano Wallet? In this section, we will summarize what features a good Cardano wallet should possess. While safety and functionality may be the top priorities when selecting good storage for your Cardano coins, there are some other things to consider, too, depending on your goals and budget. Security Features When selecting a cryptocurrency wallet to store your Cardano, its safety ranking must be a top priority for you. It’s often noted that hardware wallets are the most secure, but they sometimes appear to be rather costly. So, sometimes buying a hardware wallet may not even make sense, especially if you buy ADA in small amounts and your investment costs less than a wallet. In this case, you can rely on software wallets as several hot wallets possess crucial security features to prevent any fraud. Functionality Functionality is another vital factor to take into account, especially if you look for a wallet not only to store your Cardano but also to trade actively. Some wallets provide you with an exchange platform where you can buy, sell and exchange ADA or trade other cryptocurrencies. Other wallets allow staking opportunities, through which you can stake your ADA coin and earn interests. So, if you will be actively involved in short-term trading and make use of the available options, thoroughly explore all their features and select a wallet that mostly suits your needs. Supported crypto assets Besides Cardano, you may also want to invest in other cryptocurrencies to diversify your portfolio. Not to create separate wallets for all your cryptocurrencies, make sure if the wallet you wish to select supports your favorite crypto assets. Some hot wallets also support NFT storing, and if you want to invest in NFTs, consider this factor. User-friendly design Some cryptocurrency wallets have user-friendly and straightforward interfaces, while others are too complicated and impractical. It results in spending more time understanding how to use or find this or that function of the wallet. The process gets much harder, especially if you are a beginner, and it may even lead to wrong actions and security threats to your account. Hence, it would help if you looked through the reviews of different wallets to find the one with the best user experience and simple design. Compatibility Compatibility is the wallet’s ability to work on iOS, Android, and other systems. Though most popular hot storage wallets are compatible with iOS and Android devices, some wallets may not be available to use for either of these systems. Perhaps, you also want to download the desktop version of the app, so you need to check if it works with your computer’s operating systems. Apart from the devices, wallets can also be compatible with hardware wallets to enhance their safety. The latter is also an excellent and useful function to use. Costs When it comes to software wallets, they are usually available for free. So, you can easily download and install them without paying any subscription fees. But if you plan to make transactions through the wallet, consider that you will be charged commission fees for that which is paid to miners who work on validating the transactions. Different wallets offer different pricing for transactions. Meanwhile, they also enable you to adjust your budget and operate slow transactions for low pricing. Compare multiple options to find out the wallet with the most affordable fees. More Cryptocurrency Wallets Bitcoin Wallets IOTA Wallets Ethereum Wallets EOS Wallets Ripple Wallets Cardano Wallets Stellar Wallets Dash Wallets NEO Wallets Binance Coin Wallets Bitcoin Cash Wallets Exchange Wallets In the early years of cryptocurrency a common mantra was ‘don’t keep your crypto on exchanges’, since at the time exchanges were unregulated and ending up being scams, e.g. Mt Gox. However today in 2022 the cryptocurrency markets are more regulated and sites like Coinbase and eToro have free secure wallets users can take advantage of, on which you’re arguably less likely to be hacked or lose access to your funds, than using a hardware wallet. eToro - Our Recommended Crypto Wallet Our Rating Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet Automatic Staking of ETH, ADA or TRX in your Wallet Regulated by FCA, ASIC and CySEC - Millions of Users Unlosable Private Key - Secure eToro Recovery Service Open Free Wallet 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Why was Cardano created? It was created to change the general design of cryptocurrencies with a focus on a flexible design that takes into account both users’ needs and regulatory aspects. What makes Cardano unique? It is the first of its kind blockchain to undergo peer-review by academic researchers. How was Cardano funded? It was funded via token sale that ran all the way from September 2015 to January 2017. What is ADA? ADA is the native token of the Cardano blockchain which allows users to transfer value on the network. What is Daedalus? Daedalus is a wallet developed by one of the organizations behind Cardano. What other organizations apart from Cardano foundation make up the Cardano team? They include IOHK, a top crypto research and development firm, and Emurgo, an investment company.