Cardano is one of the most popular and most profitable cryptocurrencies in the world, so it’s not surprising that there’s a huge amount of Cardano (ADA) wallets . How to find a suitable option? Our guide with detailed reviews will help you to select a solution to fit your needs.
Cardano (ADA) Crypto
project was established in 2015. The company behind Cardano is called
Input-Output Hong Kong (IOHK), which is managed by Charles Hoskinson,
co-founder of BitShares and Ethereum.
Cardano’s concept is to create a blockchain that can work much better than 1st and 2nd generation blockchains like Bitcoin and Ethereum. Charles Hoskinson believes that Cardano is the third generation blockchain, while Bitcoin and Ethereum are the first and second. Thus, instead of copying the code of other blockchains, IOHK created its new blockchain. Cardano can process more transactions and make them cheaper and faster.
blockchain allows users to create smart contracts – an agreement without the
need for a third party, which means that after fulfilling predefined
conditions, certain actions are triggered by the contract.
other blockchains, Cardano is decentralized, which means that it is not
controlled by anyone authority. Instead, the community validates transactions
and smart contracts that do this using their computing power.
(ADA) advantages are the following:
Ouroboros Security System ensures mathematical accuracy in
Cardano functioning. Using this algorithm, you can significantly reduce energy
costs when checking blocks. This means that the work is carried out very
quickly and at the same time quality is not affected.
a special programming language,
ensures better protection of assets and users’ sensitive data.
range of opportunities. In the Cardano network, you can not only conduct fast
transactions and work with digital assets – any user can create and execute smart-contracts, which will protect his
money transfers and other finance-related operations.
Excellent translation speed. Cardano does not charge large
commissions even when instant transactions are carried out.
anonymity of users.
Hard fork system allows fixing network errors
6 Best Cardano (ADA) Wallets
This is one of few Cardano (ADA) wallets for secure storage of this crypto: it boasts all essential security features and is supported by a team of developers. This open-source software is available for Windows and macOS. Also, Daedalus is a hierarchical deterministic wallet (HD), which allows you to manage any number of addresses and distribute your funds as you wish.
installation process is relatively simple, and you can easily send and receive
ADAs, as well as view transaction history. With Daedalus, you retain control
over your keys which are protected by the latest cryptography technologies.
extra level of security, you can also attach passwords for spending money and seed
phrases to all your accounts. The wallet development team also claims that in
future releases, third-party developers will have the opportunity to develop
their own applications to increase functionality, for example, to set up
recurring payments or exchange some cryptocurrencies for others.
are several drawbacks that are worth mentioning.
wallet is currently unavailable for Linux operating systems and there is no
expected release date for the Linux version yet.
for iOS and Android are also not available yet.
option for storing Cardano coins (ADA) is Binance cryptocurrency exchange. Why
is it one of the most highly recommended Cardano (ADA) wallets?
fact that the Binance exchange was created only in 2017, it already has a huge
number of customers. To begin with, Binance is all about innovations: it
supports a large number of cryptocurrencies (BTC, ETH, DASH, XMR, XRP, EOS,
IOTA, and others). Here, you can perform a huge number of transactions without
problems because the platform boasts an enormous throughput capacity.
a convenient interface, minimal fees, and optional verification (if you work
with small volumes of crypto). To top it off, there are multi-language customer
support and trading instruments available for each client.
#3. Ledger Nano S
S is the undisputed leader among all hardware wallets, which are considered to
be the most secure in the cryptocurrency market. As a Cardano Wallet Ledger Nano S
is better than the previous Nano X – it offers a wider functionality for less
Like other wallets, Ledger Nano S allows you to manage seed phrases, set a PIN code and, if necessary, a password. In addition, you can easily store more than 700 cryptocurrencies and tokens on it, including Cardano.
Note: Order Ledger wallets on the official website only! Third-party websites might be distributing fake gadgets.
(formerly known as CardanoLite) is a Cardano secure Web storage wallet
developed by Vaccumlabs. To use AdaLite, you do not need to register or go
through the KYC procedure. When creating an ADA wallet, you get only a 12-word
mnemonic phrase, after which you can start managing assets. AdaLite is also
compatible with Trezor Model T and Daedalus. AdaLite is compatible with iOS and
Android, too, so you can use this Cardano wallet on the go.
Yoroi is one of the official Cardano (ADA) wallets: that was developed by Input Block Hong Kong (IOHK). Unlike Daedalus Wallet, Yoroi does not require downloading the full blockchain and allows you to immediately carry out ADA transactions. There is also support for Chrome browser extension.
Yoroi is available for Android and iOS devices.
Wallet is a growing wallet for storing a large number of cryptocurrencies. The
advantages of Infinito Wallet include:
of use and sleek, user-friendly design:
large list of supported coins;
speed of transactions;
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. But most
likely, this feature will be introduced soon. Even despite the lack of 2FA
authentication, there are no recalls concerning hacking and theft of funds on
Since Cardano is one of the Top-10 crypto assets, adding this currency
to your crypto-portfolio makes sense. Now you know where to store this
currency: all of our above-mentioned wallets are highly reliable and functional.
To make the right choice, keep in mind what kind of storage is preferable in
your case. If you need to store ADA for a long term, hardware and paper wallets
would be the safest variant. On the opposite, desktop and online or mobile Cardano
(ADA) wallets are more convenient for active trading and daily exchanges of ADA.