Cardano* was launched in 2015 and has been in the top of cryptocurrencies by capitalization for almost the entire time. In 2021, ADA even managed to climb into the top-3 for a while. So, it seems like many of you might ask, ‘where to store ADA coins?’ And we are here to find the best-ever wallets for ADA cryptocurrency.
Daedalus is a Hierarchically Deterministic (HD) wallet, meaning you can create an unlimited number of addresses per wallet. The user interface, in addition to the basic functions, includes a news feed with important events. You can also customize the interface display themes.
In order to use this wallet, you need to create a full node on your computer, that is, download a full copy of the blockchain (approximately 6 GB).
Yoroi is one of the most user-friendly wallets for Cardano. The wallet was developed by IOHK with the participation of Emurgo technological solutions. Emurgo drives Cardano adoption and adds value to ADA holders by building and investing in blockchain projects.
Yoroi does not require downloading a full copy of the blockchain; it just connects to trusted nodes. The service supports synchronization with the Ledger Nano S hardware wallet. The project’s open-source code is available on GitHub.
The AdaLite wallet is regularly updated by the developer, Vacuumlabs. The wallet can be backed up with a 15-word mnemonic phrase. The AdaLite wallet is a great place to stake ADA. To do this, you need to replenish your account, then manually enter the address of the staking provider. Enter the desired amount of the deposit, and click ‘Delegate’. The reward is calculated approximately every 5 days.
Ledger is a cold storage wallet, an encrypted device that keeps Cardano offline, providing a high level of security against threats that are possible when connected to the network. Private keys that give access to assets are kept safe thanks to a certified secure chip.
Infinito Wallet is a growing wallet for storing numerous cryptocurrencies. The advantages of Infinito Wallet include:
Ease of use and sleek, user-friendly design:
A large list of supported coins;
High speed of transactions;
The developers of the project did their best to make the product convenient and functional. The disadvantages of Infinito Wallet include the lack of 2-factor authentication. Even despite the lack of 2FA authentication, there are no recalls concerning hacking and theft of funds on Infinito Wallet.
You can store your ADA coins on a paper wallet, which is a safe and free way to store your keys, although less convenient than hardware wallets. One of the ways to create Cardano paper wallet is on Daedalus wallet. Here are 5 steps to take:
Order a printout of a paper wallet in the Daedalus program.
The wallet generates a 27-word key.
The wallet generates a PDF that lists 18 words out of 27
You print or just save the file, after which the program shows you the other 9 words, which you should enter manually.
After that, the app may ask you to enter all 27 words for verification. Then it shows the wallet address and a link to it in the blockchain explorer.
By the way, if you don’t have any ADA coins yet, you can check out our cross-rates and find the most attractive offer for you.