Cryptocurrency wallet allows crypto users to store, send and receive Bitcoin and other cryptocurrencies.
While most of the Canadian crypto exchanges mentioned above provide native wallets on their exchanges for users, some crypto investors prefer to store their digital assets separately.
There are two types of wallets that most crypto investors use:
✓ Software wallets: Software wallets are also called hot wallets, and the following are some of the best for Canadian crypto users: Trust Wallet, Exodus, Armory Bitcoin wallet and Coinomi.
✓ Hardware wallets, also called cold wallets: the following are the best for crypto users who want to store their funds securely in cold storage: Ledger Nano X and Trezor Model T can be thought of as the flagship models and are pricier; Ledger Nano S, Trezor One and KeepKey are the cheaper alternative, though still secure and reliable.
Finally, you can always go for the paper wallet – writing your Bitcoin private keys on a piece of paper and storing it offline.