Discover the Best Self Custody Crypto Wallets: Trust Wallet, Metamask, Enjin, and Beyond!
FTX: A Reminder of the Importance of Non-Custodial Wallets
FTX has served as a harsh reminder of the risks associated with keeping our assets on exchanges. While many of us continue to store our crypto on these platforms, it’s crucial that we take steps to protect our investments from confiscation, ineptitude, and mismanagement. One way to do this is by managing our own crypto in private, decentralized, non-custodial wallets. In this article, we will explore the top five safest non-custodial crypto wallets that can help us secure our digital assets.
Introduction to Non-Custodial Wallets
Before diving into the list of top non-custodial wallets, let’s first understand the key features that make a wallet secure. Non-custodial wallets prioritize user control, ensuring that you have complete ownership of your money and keys. The wallet provider or developer cannot access your keys, and only you can access them using your unique seed phrase. Additionally, a good non-custodial wallet should work on multiple chains and provide a seed phrase for wallet retrieval.
Wallet #1: MetaMask
MetaMask is the most popular non-custodial crypto wallet that is not affiliated with any exchange. It offers support for multiple chains and is known for its user-friendly browser extensions. MetaMask is compatible with Chrome, Firefox, Brave, Edge, and Opera browsers. Developed by ConsenSys, the team behind ethereum‘s blockchain development, MetaMask constantly adds support for new chains. However, it’s important to note that MetaMask does not support bitcoin. While MetaMask satisfies all the criteria for a non-custodial wallet, it’s worth mentioning that it relies on Infura for Ethereum node access, which can impact decentralization and censorship resistance.
Wallet #2: Trust Wallet
Trust Wallet, developed by binance, is a popular choice for those who prefer multi-chain wallets. It is a mobile wallet separate from the Binance exchange and supports a wide range of coins and chains. Trust Wallet satisfies all the requirements for a non-custodial wallet and even supports Bitcoin (BEP version). Unlike MetaMask, Trust Wallet is mobile-only, but it offers in-app staking, investing, lending, and swapping options. It uses the WalletConnect infrastructure to connect with dApps, making it a great choice for those who frequently interact with DeFi applications.
Wallet #3: Enjin Wallet
Enjin Wallet, developed by the team behind the ERC-1155 NFT token standard, is a mobile-only wallet designed for NFT enthusiasts. It supports Bitcoin, stablecoins, swapping, and in-app access. Enjin Wallet is known for its user-friendly interface and is a great choice for beginners. It also integrates seamlessly with the Enjin blockchain for cross-chain NFT activities.
Wallet #4: Coin98 Wallet
Coin98 Wallet is a multi-chain wallet that supports over 50 blockchains. It is available as both a mobile and web wallet with a browser extension. Coin98 Wallet is known for its integration with DeFi apps, making it a preferred choice for DeFi users. It satisfies all the criteria for a non-custodial wallet and is considered beginner-friendly.
Wallet #5: Exodus Wallet
Exodus Wallet is a popular desktop wallet known for its user-friendly interface. It also has a mobile app for both Apple and Android devices. With support for over 250 cryptocurrencies, Exodus Wallet is a great choice for beginners. It offers multi-chain support, including Bitcoin, xrp, Tron, and Cosmos. One notable feature of Exodus Wallet is its compatibility with the Trezor hardware wallet, providing an added layer of security.
Frequently Asked Questions
Q: What is a non-custodial wallet?
A: A non-custodial wallet is a type of crypto wallet that gives users complete control over their funds and keys. The wallet provider or developer does not have access to the user’s keys, ensuring the security and privacy of the user’s assets.
Q: Why is it important to use a non-custodial wallet?
A: Using a non-custodial wallet allows users to have full control and ownership of their crypto assets. It eliminates the risk of losing funds due to exchange hacks, confiscation, or mismanagement. Non-custodial wallets provide a higher level of security and decentralization.
Q: Can I use non-custodial wallets for multiple cryptocurrencies?
A: Yes, most non-custodial wallets support multiple cryptocurrencies and chains. It’s important to choose a wallet that supports the specific cryptocurrencies you want to store and transact with.
Q: Are non-custodial wallets suitable for beginners?
A: Yes, many non-custodial wallets are designed with user-friendliness in mind, making them suitable for beginners. Wallets like Trust Wallet and Exodus Wallet offer simplified onboarding processes and intuitive interfaces, making it easier for beginners to manage their crypto assets.
Conclusion
Managing our own crypto assets in non-custodial wallets is crucial for protecting our investments from potential risks. The top five non-custodial wallets mentioned in this article, including MetaMask, Trust Wallet, Enjin Wallet, Coin98 Wallet, and Exodus Wallet, offer secure and user-friendly options for storing and transacting with cryptocurrencies. By choosing a non-custodial wallet, we can ensure the safety and control of our digital assets in a decentralized manner.
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its obviously AMA1000X, and the only I would buy is to make money. Personally, not a huge fan of this one
Look like Algorand has the same chart then Amazons AMA1000X
Real pros know that this is actually time to buy and I would buy Amazons new one. Did you know they entered? There are invites where you get into it and the one with the best bonus is found at: AMA1000X
97th… Thanks
No just no!
Any problems with atomic wallet?
I use trust, exodus, meta mask, and CDC DeFi. CDC was my on ramp.
What's up with the Exodus / FTX partner ship.
Kepler ❤
$BLANK block wallet
Simple and concise description of 5 excellent wallets. I love and use your choices as well as 1Inch Wallet, any thoughts?
trust walllet have extention …….
Defi wallet
I like Atomic wallet better than Exodus
What's with the youtuber lists not including Safepal? Rank 1 or 2 easily.
Exodus Wallet fees are ETH and ridiculous
I like Atomic myself
Excellent
U missed Safepal wallet only wallet to hold coins of almost all blockchains
where is Block Wallet???
Thank you, you can also trust and buy $PAW it is saver and reliable
Good analysis….Make more by investing in $PAW coin
FTX is bad right now.. invest in the new altcoin which is $paw, great potential
Forget FTX.. move on with $paw and shill.. bag some $paw. today
I bring to you the new trending altcoin in the market, $paw coin. Is time to bag some and shill
The hottest and best wallet for 2022 is Defi Wallet no cap. Half of these wallets u mention are actually AZZ 😂
i heard Trust Wallet is decentralized and Meta Mask is centralized ..correct me brother if i am wrong .. ? appreciate
Hello sir why coinbase wallet doesn't in the list?
No on Metamask, do not trust them
Streakk is safer Defi wallets
I keep almost everything on ledger or trustwallet… I keep a couple things on exchanges for staking, hopefully doesn’t burn me 🤦♂️
I finally have full access to my assets after someone recommended TECH_HACK007 _thank you so much for everything this was my life saving and I honestly don’t know how I would have done it without you thank for being very reliable
I finally have full access to my assets after someone recommended TECH_HACK007 _thank you so much for everything this was my life saving and I honestly don’t know how I would have done it without you thank for being very reliable
I finally have full access to my assets after someone recommended TECH_HACK007 _thank you so much for everything this was my life saving and I honestly don’t know how I would have done it without you thank for being very reliable
I finally have full access to my assets after someone recommended TECH_HACK007 _thank you so much for everything this was my life saving and I honestly don’t know how I would have done it without you thank for being very reliable
I love the way TECH_HACK007 help people.
Make them financially stable. I know of their legitimacy
I found the analogy like this
self custody wallet is like our real life wallet, yes your money is in your own hand in your pocket, safe but if you did a small mistake someone got your private key phrase, they can easily rob all the money easily,
but with exchange is like our bank account now, you put your money in bank hoping the bank wont get bankrupt and took all of your money but in real life i still prefer to keep my money in bank, self custody wallet is like you keeping all of your cash money in wallet, but if small mistake happen you lost it all without any protection compared if we put on exchange
1inch ?
Wow now i am non custodial
Trust has so expensive fees. Impractical
Adriannotch !! , you have my utmost
admiration in the virtual realm. There is no
denying the amount of effort and commitment
you have put into the field of healing. Your
inspirational journey to recovery has inspired
me, and I aspire to follow in your footsteps so
that I, too, can help others. With French
blessings in my heart, I will press forward. Much
obliged.
I SALUTE You for all that your doing, helping all
the victims of these scambaggs, they so
deserved to be humiliated and be exposed to
the public, these peoples have No place on this
world, welldone Sir ADRIANNOTCH we're
here to support you, More Power to you and all
your friends, watching from Dalry England!!
A job well done, Adriannotch- Your
being out there fighting these scum is a relief.
The public and especially the elderly are
vulnerable to these despicable scam artists, and
we must take all necessary measures to
safeguard them. I am really happy for you! Keep
us secure; for that, you should get the Nobel
Peace Prize.
Amazed you have not included xdefi in this list.