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Finding the best open-source crypto wallet is essential for anyone serious about securely managing digital assets. In addition, if it's trusted by major platforms like Binance, Bybit, or Kraken, it means the open-source wallet truly offers unmatched transparency and security, allowing users to control and verify their own funds.

These wallets let the community examine and test their code, ensuring every function operates securely and transparently. This makes them a preferred choice for those who value trust and flexibility when managing crypto assets across different blockchains.

In this article, we’ll explore some of the best open-source crypto wallet options available on the market, helping you make an informed choice:

Let’s dive in and discover which one best suits your needs!

1. Trezor Safe 5 - EAL6+ Certified Hardware Wallet

Ranks #1 out of 7 Crypto Wallets

Imagine having one of the best open-source crypto wallets that feels just right in your hands. Trezor Safe 5 offers a reliable wallet experience with its public and transparent code and user-friendly design.

Its 1.54” scratch-free gorilla glass color touchscreen protects your screen and makes navigating your digital assets a breeze. In addition, the gentle haptic feedback offers a reassuring touch with every interaction, giving you confidence as you manage your portfolio.

The beauty of Trezor Safe 5 is that its code is fully open, allowing experts worldwide to inspect and validate its security.

Plus, the wallet integrates effortlessly with the Trezor Suite application, providing a seamless and unified platform for managing your crypto. The vibrant display and intuitive interface make the process not only secure but also incredibly user-friendly.

The Trezor Safe 5 wallet supports over 7,000 coins and tokens.

Trezor’s dedication to openness extends beyond just one model. Both the Trezor Safe 3 and Safe 5 maintain this philosophy, keeping their code available for community review.

This means that every function, from wallet backups to key management, is accessible for verification, strengthening user trust. Trezor’s choice to use OPTIGA™ Trust M (V3) chips from a supplier that embraces vulnerability disclosures further reinforces its commitment to transparency and security.

That said, Trezor still advises users to set up a strong passphrase for optimal protection, as this feature offers an almost impenetrable layer of security, ensuring your funds remain safe.

Best open-source crypto wallet: Trezor Safe 5 Gorilla Glass and open-source benefits.

The Trezor Safe 5’s combination of advanced features, open-source transparency, and practical design makes it an exceptional choice for those seeking peace of mind in crypto management.

Whether you’re a newcomer or a seasoned investor, its seamless integration with Trezor Suite and the focus on community trust make this wallet a reliable and secure option for your digital assets.

👉🏻 Visit Trezor Safe 5
...or read our Trezor Safe 5 review

2. Ledger Nano X - High-Quality On-The-Go Hardware Wallet

Ranks #2 out of 7 Crypto Wallets

If you want a cold crypto wallet that blends mobility with top-notch security, the Ledger Nano X is a fantastic option.

Designed for those constantly on the move, this wallet’s Bluetooth connectivity allows you to manage your assets seamlessly, whether you’re at home or traveling. It offers the flexibility to check balances or initiate transactions without the hassle of wires, making it perfect for active users.

Best open-source crypto wallet: Ledger Nano X mobile app.

Ledger Nano X is especially a great option for people who want to have a portfolio with a wide diversity of coins and tokens. The hardware wallet supports thousands of digital assets, so you have plenty of choices to select from, ensuring you don't have to juggle multiple wallets.

Along with this, the wallet is equipped with an EAL 5+ Secure Element chip, adding an extra layer of protection to keep your funds safe from unauthorized access.

A significant feature of the Ledger Nano X is its commitment to transparency. A remarkable 95% of its components are open-source, which means anyone in the crypto community can inspect and validate its code.

This openness builds trust, reassuring users that the wallet has undergone rigorous scrutiny by experts around the world. It’s a way for Ledger to demonstrate that their product prioritizes user security above all else.

Best open-source crypto wallet: Ledger Nano X benefits.

However, not everything in the Ledger ecosystem is entirely open. While the Ledger Live app operates on an open-source license, the operating system itself has protected code segments.

This is because Ledger has an agreement with STMicroelectronics to safeguard the design of the secure element, ensuring its integrity while balancing transparency. This approach ensures that while most of the wallet is open for community review, the critical elements that need additional security remain protected.

Ledger has also added a "genuine check" feature, allowing users to verify that their device is authentic and hasn't been tampered with.

Furthermore, they partner with respected security labs for third-party audits, confirming that no vulnerabilities or backdoors exist in their system. This commitment to external validation offers users an added layer of confidence.

Despite the advanced technology, the Ledger Nano X emphasizes the importance of user responsibility. With its user-friendly Bluetooth integration and top-notch security features, it’s designed for those who value both convenience and safety.

It serves as a reminder that while the wallet provides robust protection, managing crypto securely is a shared effort between the device and its user. Whether you’re a seasoned trader or just starting, the Ledger Nano X offers a secure and versatile solution that fits seamlessly into your lifestyle.

👉🏻 Visit Ledger Nano X
...or read our Ledger Nano X review

3. Trezor Model T - Fully Open-Source Cold Wallet

Ranks #3 out of 7 Crypto Wallets

If you're searching for the best open-source wallet that combines simplicity and top-tier security, the Trezor Model T is one of the best choices.

For additional protection, you will always need to set up a PIN and passphrase, giving you multiple layers of security to keep your funds safe.

Best open-source crypto wallet: Trezor Model T wallet's features.

What makes this open-source cryptocurrency wallet stand out is its transparency. The code is open for the community to check, meaning every safety feature has been tested and approved by experts.

The Trezor Model T also includes advanced features such as two-factor authentication (2FA) and compliance with the FIDO2 Standard, an advanced open authentication standard developed by the FIDO Alliance.

FIDO2 enhances security and usability in user authentication, particularly for applications like cryptocurrency wallets that require 2FA.

The open-source nature of the Trezor Model T extends beyond software. Its design is also open-source, offering DIY guides for building your own hardware wallet. This openness brings several benefits, including community testing, transparency, and the ability to mitigate hardware obsolescence.

The community-driven approach allows developers to verify the software’s integrity and share knowledge freely, ensuring that users are protected from threats. With features like a 1.54-inch color LCD touchscreen, USB-C connection, and on-device transaction confirmation, this wallet is designed for ease of use.

👉🏻 Visit Trezor Model T
...or read our Trezor Model T review

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4. Ledger Nano S Plus - Secure Cold Wallet Supporting 5,500+ Assets

Ranks #4 out of 7 Crypto Wallets

The Ledger Nano S Plus is a compact yet powerful cold wallet, earning its place as one of the best open-source crypto wallet options available today. With its sleek design, it’s easy to carry around, yet it packs a punch, supporting over 5,500 digital assets.

In addition, this open-source wallet includes an EAL 6+ Secure Element chip, ensuring your cryptocurrencies are kept safe, no matter how many assets you manage.

Just like the Ledger Nano X, this model is about transparency—95% of its components are open source. This allows the community to check and verify its security, giving you peace of mind knowing your wallet is safe and trustworthy.

However, it’s essential to note that while Ledger Live and several parts of the OS are open source, the operating system’s code related to the Secure Element remains closed. This is because the Secure Element technology is protected by intellectual property rights, ensuring the chip’s design remains secure and proprietary.

Best open-source crypto wallet: Ledger Nano S Plus benefits.

Ledger’s approach focuses on balancing transparency and security. To achieve this, they employ third-party security labs to audit their systems, including the closed-source parts, to ensure there are no vulnerabilities or backdoors.

Each OS release undergoes this audit, allowing users to trust the integrity of the device. For added security, Ledger offers a “genuine check” feature, verifying the authenticity of your device before use.

In short, the Ledger Nano S Plus provides a secure and reliable option for users who value both open-source transparency and high-level protection for their digital assets.

👉🏻 Visit Ledger Nano S Plus
...or read our Ledger Nano S Plus review

5. Kraken Wallet - Completely Open-Source Software Wallet

Ranks #5 out of 7 Crypto Wallets

If you're searching for one of the best open-source crypto wallets that combines advanced security with multi-chain access, Kraken Wallet might be a good choice. This open-source platform integrates biometric authentication and encryption technology, giving you top-tier protection for your crypto and NFT assets.

Imagine having all your digital wallets and assets in one place, from Bitcoin and Ethereum to Solana—it’s all possible with Kraken Wallet.

In addition, by being fully open source, Kraken Wallet allows the community to verify and improve its security, ensuring users can trust the system they’re using.

Best open-source crypto wallet: reasons to pick Kraken's wallet.

It offers self-custody, so you have complete control over your digital assets without any third-party interference. This model not only provides security but also empowers users to manage their assets independently.

Kraken Wallet supports unified multi-chain access, allowing seamless interaction with networks such as Arbitrum, Optimism, and Dogecoin from one platform.

Multi-chain access refers to integrating multiple independent blockchain networks within a single ecosystem, enabling smooth communication and data exchange while maintaining each network's autonomy.

The platform makes it easy to manage DeFi positions, trade NFTs, and confirm transactions, thanks to this multi-chain integration.

The Kraken Wallet ensures that switching between networks or viewing transactions is seamless, eliminating the need to juggle multiple apps.

This multi-chain capability enhances scalability and flexibility, promoting greater customization in application development. It also ensures that the wallet remains secure, with only authorized entities able to access network functionalities, reducing risks associated with unauthorized access.

Beyond its basic features, Kraken Wallet also prioritizes privacy. The wallet ensures that your IP address and personal data are never tracked or shared with third parties, so you can transact confidently.

Best open-source crypto wallet: Kraken Wallet's features.

Additionally, Kraken Wallet integrates with popular decentralized apps (dApps) and protocols, making it a versatile tool for Web3 exploration. From DeFi interactions to NFT management, everything can be managed through a single interface.

Moreover, Kraken applies a Proof of Reserves (PoR). It's a method used by cryptocurrency wallets and exchanges to demonstrate that the assets they hold for their users are fully backed by actual funds.[1] This approach enhances transparency by allowing users and external auditors to verify that the platform’s liabilities (user balances) are matched by the reserves held by the institution.

For example, platforms like Kraken use PoR protocols to regularly publish cryptographic proof showing they possess sufficient assets to cover user balances. They achieve this without revealing sensitive information about the accounts or compromising user privacy, reinforcing transparency and reliability in their services.

Best open-source crypto wallet: Kraken Wallet's features.

By integrating Kraken’s industry-leading security measures, including 24/7 customer service and deep liquidity, Kraken Wallet delivers a reliable and powerful tool for all crypto enthusiasts.

With support for over 2,000 cryptocurrencies and seamless integration across multiple blockchains, Kraken Wallet provides an all-in-one solution for digital asset management. It’s not just a wallet; it’s a passport to the decentralized web, ensuring that your crypto journey is secure, private, and entirely under your control.

👉🏻 Visit Kraken Wallet
...or read our Kraken Wallet review

6. SafePal - Hardware Wallet With a Friendly Design

Ranks #6 out of 7 Crypto Wallets

Now, SafePal has various wallets available, both hardware and software. However, in this chapter, I will specifically cover its SafePal X1 cold wallet.

Let’s start with what makes this device stand out. Its Bluetooth connectivity means you can manage your assets wirelessly.

Whether you’re checking balances or authorizing transactions, you have the freedom to do it all without being tied down by cables. This is particularly handy if you’re someone who likes to manage their crypto on the move.

Best open-source crypto wallet: SafePal X1 open-source benefit.

Now, what is cold storage, and why is it important? In the world of cryptocurrencies, cold storage is a method used to keep private keys—essentially your access keys to your funds—offline.

By keeping them away from the internet, you’re significantly reducing the risk of hacking or online threats. Think of it as storing your most valuable possessions in a high-security vault that only you can access. It’s the best way to protect your assets for the long term, keeping them safe from potential vulnerabilities that come with internet-connected devices.

For those seeking even higher protection, deep cold storage is an option, where keys are placed in secure locations like safe deposit boxes, ensuring they remain completely offline and out of reach from digital threats.

With over 10 million users already trusting SafePal, the X1 Wallet is gaining traction, especially as it transitions into a fully open-source ecosystem. This shift is significant because it allows the community to review and verify the wallet’s security measures.

By opening up its code, SafePal invites transparency, building trust and confidence among its users. Key functions like Bluetooth connectivity, smart contract approvals, and private key storage are already available for review on GitHub, showcasing SafePal’s commitment to openness.

When it comes to security, SafePal leaves no stone unturned. The X1 Wallet is equipped with advanced features like an anti-tampering mechanism and a CC EAL5+ Secure Element chip, ensuring your funds are protected from unauthorized access.

Before the wallet’s release, SafePal partnered with Keylabs to conduct thorough security audits, guaranteeing there were no vulnerabilities.

User experience is another area where the SafePal X1 excels. It features a larger 1.8-inch screen and a 12-button D-Pad, making navigation and transaction confirmation simple and intuitive.

The wallet’s sleek and minimalistic design also makes it incredibly portable, even more so than its predecessors, the S1 and S1 Pro. This means you can easily carry it with you, making it an ideal choice for those who need a secure and compact solution.

Best open-source crypto wallet: SafePal X1 multi-button keyboard.

But the X1 Wallet isn’t just about what it can do now. It’s also about the future. As SafePal continues to expand its open-source initiative, users can expect even more innovation and transparency.

Overall, it’s more than just a tool for managing crypto—it’s a secure, reliable, and innovative platform designed to give you peace of mind and control over your assets.

👉🏻 Visit SafePal
...or read our SafePal review

7. Zengo - Safe Hot Wallet With Lots of Features

Ranks #7 out of 7 Crypto Wallets

Imagine a crypto wallet that simplifies your experience by completely eliminating the need for seed phrases. That’s where Zengo Wallet comes in, offering a fresh and innovative approach to managing your digital assets.

Instead of relying on traditional seed phrases, which can be easily lost or compromised, Zengo uses cutting-edge Multi-Party Computation (MPC) technology to provide top-level security.[2]

MPC is a technology designed to allow different parties to work together by computing functions over their inputs while keeping everything private. With Zengo's self-custody system, your cryptographic keys are divided into multiple parts and distributed across several entities.

This setup ensures that no single party ever holds the complete key, which means that even if one part is compromised, your assets remain secure. When you initiate a transaction, these parties collaborate to authorize it without ever reconstructing the full key, reducing risks such as hacking and theft.

Zengo’s use of institutional-grade MPC, the same technology trusted by companies like Coinbase, demonstrates its serious commitment to security. By removing the dependency on seed phrases, Zengo eliminates the common vulnerabilities associated with them, such as phishing attacks, loss, or theft.

However, its features don’t stop there. The wallet is equipped with an advanced Web3 firewall to protect you from suspicious transactions. It uses a color-coded warning system—green for safe, yellow for caution, and red for danger—so you know when to proceed and when to halt. This way, you can interact with Web3 applications with confidence, minimizing exposure to scams.

Best open-source crypto wallet: Zengo Web3 Firewall feature.

Another standout feature is Zengo’s Private Transaction Mode, which enhances privacy by generating new addresses for each transaction involving cryptocurrencies like Bitcoin or Dogecoin. This setup ensures that your transaction history is not tied to these new addresses, maintaining your on-chain privacy while keeping everything organized and easy to manage.

By using a hierarchical deterministic system, Zengo keeps all generated addresses connected to your main account, allowing you to manage them seamlessly. You won’t have to worry about tracking down multiple wallets or remembering different details—everything is accessible from one secure platform.

👉🏻 Visit Zengo
...or read our Zengo review

Criteria When Evaluating Open Source Wallets

When choosing the best open-source wallet, transparency is key, ensuring that the community can verify and trust the security features. An open-source wallet must have its code available for anyone to review. This allows developers and security experts to check for any potential issues, building trust within the community.

Collaboration is also crucial in the open-source cryptocurrency wallet space. When a community engages with the wallet, it leads to faster bug fixes and feature improvements. This teamwork ensures the wallet gets better and stronger over time.

Furthermore, regular updates are a sign of an active and committed development team. When the wallet receives frequent updates, it shows that developers are keeping up with emerging security concerns. These updates ensure the wallet stays reliable.

To increase security, a good open-source wallet should support two-factor authentication (2FA) and multi-signature transactions. These features add extra layers of protection, making it harder for attackers to access your funds.

Best open-source crypto wallet: a man holding a phone that displays a one-time code.

Another criterion is user experience, as an intuitive interface ensures that both beginners and experts find the wallet easy to use. Compatibility across desktop, web, and mobile platforms enhances convenience.

Good support and detailed documentation are essential, too. A well-documented open-source cryptocurrency wallet helps users understand how to set up and manage their wallets. It provides a smooth experience for users.

Evaluating all these criteria collectively gives you a clear picture of the wallet’s reliability. The best open-source crypto wallet must strike a balance between transparency and usability, ensuring that users can manage assets with confidence. It’s not just about security. It’s about finding a balance between transparency, usability, and flexibility.

By carefully assessing these elements, you’ll be well-equipped to choose the best open-source crypto wallet that fits your needs. This approach ensures both protection and ease of use in managing your digital assets.

Conclusions

To choose the best open-source crypto wallet, consider your needs and preferences. I have highlighted options with features like Bluetooth connectivity, multi-chain access, and MPC technology. The right wallet for you should support your preferred blockchains and provide the security level you’re comfortable with.

Whether you value ease of use or advanced features, selecting the right wallet ensures you can manage and protect your crypto assets confidently for the long term.

Wallets integrated with platforms like Binance, Bybit, or Kraken usually offer flexibility, transparency, and security for managing digital assets.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. Conley T., Diaz N., Espada D., Kuruvilla A., Mayone S., Fu X.: 'Instant Zero Knowledge Proof of Reserve';

2. Knott B., Venkataraman S., Hannun A., Sengupta S., Ibrahim M., Maaten L.: 'CrypTen: Secure Multi-Party Computation Meets Machine Learning'.

About Article's Experts & Analysts

By Dommy L.

AI Content Analyst

Dommy is an AI Content Analyst with a notable background in computer science and artificial intelligence. Having studied both topics extensively, Dommy’s mission is to get to the heart of the ever-developing AI landscape and to bring his fin...
Dommy L. AI Content Analyst
Dommy is an AI Content Analyst with a notable background in computer science and artificial intelligence. Having studied both topics extensively, Dommy’s mission is to get to the heart of the ever-developing AI landscape and to bring his findings to the masses, providing data-driven insights and Web2-native evaluations.
Dommy values meticulousness and exceptional attention to detail. This allows him to not only uncover the most unique aspects of the current artificial intelligence landscape but, combined with his professional and academic experience, bring reliable and fact-based information to anyone who’s looking to educate themselves on all things AI.
When he’s not analyzing the role of AI within the wider Web3 space, Dommy loves to spend time learning about tech and working on his car.
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Recent 7 Best Open-Source Crypto Wallets in 2025 User Reviews

Jarrad Keith
5.0/5.0 - Ledger Nano S Plus User
03/02/2025
Good deal

Better technology than S but cheaper than X, what a great deal!

Evaluation
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Beautiful_Sun
4.2/5.0 - Kraken Wallet User
06/03/2025
Review is great

Good review, many necessary information.But about the wallet, I need to think more..

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JohnPedro
4.6/5.0 - Trezor Model T User
15/03/2025
Nice

Recommend

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m. costa
5.0/5.0 - Trezor Model T User
13/03/2025
this wallet is dope

its so freaking amazing, i have no words

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WENDY
5.0/5.0 - Trezor Model T User
04/01/2025
MY BIRTHDAY IS SOON

THIS IS THE PFECT BDAY GIFT :D :D :D :D

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Nicola Ashley
4.6/5.0 - Trezor Model T User
24/02/2025
Expensive, not an improvement over the original

This device has basically no additional utility over the original trezor. The screen is larger, so it is easier to verify things like signed messages and addresses, but that's about it. The touch screen is a gimmick and does not justify the price.

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blahfugulhah
4.2/5.0 - Kraken Wallet User
18/02/2025
Cold wallet

The most secured wallet must be Ledger-cold wallet

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Dunne
5.0/5.0 - Ledger Nano S Plus User
19/01/2025
More comfortable

I want to storage even NFT but old S doesn't have, X is over budget. Fortunately they have S Plus ^^

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Lovell_Lee
5.0/5.0 - Ledger Nano X User
01/03/2025
Happy with the upgrade

Very happy I decided to upgrade my wallet to ledger x. Security is a priority for me and I consider this device to be best in the market

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justin.balwin
4.6/5.0 - Kraken Wallet User
24/02/2025
Good enough

Not the best secure for me, but among the bext hot wallet

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lily grant
5.0/5.0 - Trezor Model T User
28/03/2025
I know so much now!

Thanks for sharing this!

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Leland Ratcliffe
4.0/5.0 - Trezor Model T User
08/02/2025
great review

I shared it to all my accquitance. One of the best review

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nevaeh sanchez
4.8/5.0 - Trezor Model T User
17/01/2025
never asked for more

the real deal, super secure and easy to use

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Pia8628
5.0/5.0 - Ledger Nano X User
17/03/2025
Supports soooo many cryptos

All my coins are supported by one wallet! Got really tired of using multiple coin-dedicated wallets...

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Jad Drake
5.0/5.0 - Ledger Nano S Plus User
15/01/2025
Great wallet

Really happy with Ledger

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Wojciech
5.0/5.0 - Ledger Nano S Plus User
20/02/2025
Best

Love this review!!!

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Julie Judish
4.2/5.0 - Trezor Model T User
06/01/2025
Follow the instructions and it works grear

This is the only way to protect your crypto currency holdings

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Shanice Carlson
4.4/5.0 - Trezor Model T User
14/01/2025
Excellent Hardware Wallet

Worked perfectly

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Audrey46
5.0/5.0 - Trezor Model T User
17/03/2025
get. one. now!

trezor model t is the king of hardware wallets. rock solid security. intuitive interface. my dream wallet.

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E Cruz
5.0/5.0 - Ledger Nano X User
08/03/2025
Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

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Leave your honest Zengo review

Leave your genuine opinion & help thousands of people to choose the best crypto wallet. All reviews, either positive or negative, are accepted as long as they're honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

FAQ

What is the best open-source crypto wallet?

Finding the best open-source crypto wallet depends on your needs. If you want a hardware wallet, which is considered to be one of the safest options where you can store your assets, Trezor Safe 5, Ledger Flex, or Ledger Stax are great choices. However, if you're looking for a software wallet for quick transactions, I would recommend taking a look at Binance or Coinbase wallet.

Is MetaMask an open-source Bitcoin wallet?

Yes and no, MetaMask is an open-source crypto wallet primarily designed for the Ethereum blockchain. While it’s not the best open-source Bitcoin wallet, it excels in managing Ether and ERC-20 tokens. Accessible as a browser extension, MetaMask offers transparency and flexibility, allowing users to interact seamlessly with decentralized applications (dApps). Its open-source nature ensures that developers can review and contribute to its code, enhancing security and trust. This makes MetaMask a reliable choice for those navigating the decentralized space, as it combines user-friendly access with the openness needed for transparency and continuous improvement in the crypto community.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are "hot" and "cold" wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It's also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won't lose all of your assets.

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