Top 10 Best Monero (XMR) Wallets in 2020

best monero xmr wallets

Monero is a decentralized cryptocurrency, which pays a lot of attention to user’s privacy and security. The XMR coin was released more than five years ago. The cryptocurrency has undergone many changes and survived many ups and downs. Now Monero is on the 13th place by market capitalization among all cryptocurrencies. In the course of its history, the XMR coin price rose from a couple of bucks to several hundred dollars. Let’s review the best Monero (XMR) wallets to discover where your assets should be stored.

XMR price chart 2014-2020
XMR price chart 2014-2020

The current Monero price is about $60. Judging by the coin price history, this is the average value for a Monero coin. Since the total supply of the cryptocurrency reached the amount of more than 17 million XMR, the Monero community size is quite impressive. The XMR coin is appreciated among the crypto association due to the Monero developer’s commitment to the main pillars of decentralization: safety, privacy, and anonymity.

These 17 million XMR coins must be stored in some crypto wallets. If you already have Monero cryptocurrency or are you thinking about buying or mining some, you should be wondering about their storage. The Changelly Team has prepared for you the Top 10 Best Wallets for Monero. You can find a wallet that suits you the best, whether it is a mobile version or wallet for cold storage. Let’s take a closer look!

Foreword

Before choosing from tens of Monero (XMR) wallets, you should consider some points that are extremely important to take into account:

  1. Security. It’s generally recognized that hardware (or cold) wallets are the most secure to store large amounts of cryptocurrency. 
  2. Ease of use. You need to evaluate your capabilities and choose a wallet that you can definitely control. Our list will offer wallets for beginners as well as advanced users.
  3. Community opinion. The Monero Community approves all of the following wallets. The source codes of wallets are in the public domain (open source), which means that there will be no third-party changes on the developers part.
  4. Cost. Cryptocurrencies, as well as their storage, by their nature, should be publicly available. There are paid wallets in our top, but the choice is only yours.

Monero GUI Wallet

Of course, first, we need to talk about the official Monero wallet. Monero GUI Wallet is an official and open source desktop client available for MacOS, Windows, and Linux

XMR Gui wallet interface
XMR GUI wallet interface

The wallet is not easy-to-use. We recommend this wallet for advanced users. This is a full-node wallet which requires to download and synchronize the full Monero blockchain. By the way, the blockchain weighs about 70 GB. The GUI wallet supports mining, but it will take a big part in processing power. 

The password protects your GUI XMR Wallet. Moreover, you should create a 25-words seed phrase to make your storage more secure. 

  • Supported assets: XMR
  • Wallet type: Hot storage
  • CryptoCompare Score: 3.0
  • Fees: About $ 0.0016 min.
  • Platform: MacOS, Windows, and Linux

Ledger Nano S

Ledger Nano S Wallet is an offline device, on which you can store you multi assets including Monero (XMR) coin. This type of storage is compatible both with desktop and Android phone (for iOS you can use the Ledger Nano X version). Ledger Nano S is available for Windows, Linux, and MacOS. 

Ledger Nano S
Ledger Nano S

This USB-like device keeps all private keys and works on Blockchain Open Ledger Operating System. It includes PIN-code, 2-Factor-Authentication, and recovery seed. Let’s explain the last one. You set the seed phrase during the wallet setup. You can recover your wallet in case of theft, damage, etc. 

Ledger Nano S XMR wallet also has an OLED screen. You can interact with the wallet on the device by pushing the buttons on the side of the screen. 

We want to pay your attention to the fact that Monero hardware wallet is an extremely secure way to store your assets. You need to pay for device almost 85$ (or 75€). However, your money will completely pay off.

  • Supported assets: 1,000+ coins
  • Wallet type: Cold storage
  • Fees: Only Monero platform fees

Coinomi

Having recently added Monero to their list of supported coins, Coinomi now works with 125 cryptocurrencies and 382 tokens, including the ERC-20 ones. Coinomi XMR wallet was initially created as a mobile wallet, but now it’s also available in the desktop version. Its software is highly secure.

Coinomi wallet
Coinomi wallet

One of the best security features is the one-time data backup during the user’s registration. In Coinomi wallet, currency exchange operations are performed by two services: Changelly and ShopeShift. The combination of the two significantly accelerates the speed of the currency exchange. This gives the platform a major advantage over wallets with only one built-in service. Last but not least, Coinomi also has support for several foreign languages.

Coinomi offers the optimal commission at the time of the transaction, which is calculated based on the user’s place in the queue in the mempool. If the user thinks the fee is too high, they have the right to change it and set the one that they are willing to pay for the transaction.

  • Supported assets: 125 cryptocurrencies and 382 tokens
  • Wallet type: Hot storage:
  • TrustPilot Score: 3.2
  • Launch year: 2015
  • Fees: Dynamic fees  
  • Platform: iOS, Android, Mac, Windows, Linux

MyMonero Wallet

MyMonero is a desktop, web, and mobile wallet. This wallet is one of the easiest ways to store your XMR assets. The source code of the wallet is opened and approved by Monero community. The server does not keep your private key, and it stored only on your device. You can download the MyMonero wallet for MacOS, Linux, Windows, iOS, or use a web wallet. Developers promise to launch the Android version soon.

mymonero xmr monero wallet
MyMonero Wallet Interface

MyMonero wallet is user-friendly. You can use the Drag & Drop feature to drag your QR code to the app in order to fill the gap of the transaction address automatically. One more convenience is the possibility to save the address after your transaction is completed.

You do not need to wait until your wallet synchronizes with the Monero blockchain because the key is sent to the wallet server. There is a kind of disadvantage. Since Monero cryptocurrency uses a stealth address, anyone with your private address can see the transactions you have received (btw, no other data). 

  • Supported assets: XMR
  • Wallet type: Hot storage
  • TrustPilot Score: 3.3
  • Launch year: 2019
  • Fees: Hidden
  • Platform: iOS, Android + web

Now, let’s talk about mobile XMR wallets. 

Exodus Wallet

Exodus wallet
Exodus wallet

Exodus is a cryptocurrency wallet that supports many cryptocurrency assets, including Monero. The wallet has the possibility of exchanging cryptocurrencies directly in the application. The interface of this wallet is so simple and understandable that even beginners in the cryptocurrency sphere can use it.

Many users of the Exodus XMR wallet are attracted by the ability to work with most of their cryptocurrency savings in one tool, without the need to use many specialized wallets and store a huge database of private keys or seed phrases.

The wallet has a desktop and mobile (iOS and Android) version.

  • Supported assets: ~100 coins
  • Wallet type: Hot storage
  • TrustPilot Score: 3.8
  • Launch year: 2016
  • Fees: Network fees only
  • Platform: iOS, Android + desktop

Freewallet

The FreeWallet company released the first version of its Android application in January 2016, and now the app has turned into a multi-currency wallet for both iOS and Android. The program supports 30+ coins and over 250 tokens. The number of active users has reached 3 mln. Among the most popular coins in terms of the number of transactions are Ethereum (20% of total transfers), XMR (17%), Dogecoin (17%), Bitcoin (14%) and Bytecoin (11%).

Freewallet interface
Freewallet interface

Some of the most interesting features of FreeWallet are the instant XMR purchase with a credit card, online exchange, transaction tracking, and the mnemonic converter. As for the transaction fees, FreeWallet does not charge for transactions between platform users, but they will need to pay the fee for the inner blockchain network transaction. BTC transaction speed will depend on the fee the user selects: for example, 0.0004 BTC is paid for urgent and 0.0002 BTC for normal transaction speed. 

  • Supported assets: 30+ assets
  • Wallet type: Hot storage
  • TrustPilot Score: 3.4
  • Launch year: 2016
  • Fees: No transaction fees between users  
  • Platform: iOS, Android + web

Cake Wallet

monero xmr wallet for ios cake
Cake Wallet Interface

Cake is an easy to use iOS wallet with the built-in cryptocurrency exchange. The wallet is open source and audited by the Monero community. As other Monero (XMR) wallets, it keeps your private key only on your device so you do not need to worry that anybody can watch your transactions. The key advantage of the Cake wallet is an exchange within it. You can trade Bitcoin, Litecoin, Ethereum, and Dash cryptocurrencies.

  • Supported assets: XMR
  • Wallet type: Hot storage
  • Launch year: 2018
  • Fees: Calculated during the transaction
  • Platform: iOS

Monerujo Wallet

monerujo monero xmr android wallet
Monerujo Wallet Interface

Monerujo is an open-source Monero wallet for Android devices. The wallet has a user-friendly interface. It is a safe place for your assets. 

The wallet includes a built-in QR code scanner. It means that you do not need to type a long address into the gap but only upload a QR code image. You can use a remote node to synchronize with the Monero blockchain or just create your own node. This advantage makes the app very lightweight. 

One more nice feature is a payment BTC address. There is no need to use XMR to BTC exchange because you can transact your XMR assets straightforward to BTC address.

  • Supported assets: XMR
  • Wallet type: Hot storage
  • Fees: Calculated during the transaction
  • Platform: Android

Infinito Wallet

If you need to pick an option from online Monero (XMR) wallets with a large selection of coins, opt for Infinito Wallet. This a popular wallet with over 2000 tokens supported, including ERC-20, NEP-5 protocol tokens, as well as EOS tokens, NEO, DASH and DOGE. XMR was added previously. 

The benefits of Infinito Wallet include ease of use, concise design, a large number of supported coins, fast transactions and several available languages. The platform is convenient and profitable. One of the drawbacks is the absence of 2-factor authentication. It is likely, however, that the lack of this feature is only a matter of time and the developers will add it in the future. Additionally, there have never been any reports of hacking and theft of funds for the Infinito Wallet. 

Infinito wallet
Infinito wallet

As for the fees, Infinito Wallet has Economy, Regular and Premium charges: the more you pay, the faster will the transaction be processed.

  • Supported assets: 2000+ tokens
  • Wallet type: Hot storage
  • TrustPilot Score: 4.8
  • Launch year: 2017
  • Fees: Economy, Regular and Premium 
  • Platform: iOS, Android + web

Edge Wallet

edge wallet for monero xmr
Edge Wallet Interface

Edge is a cryptocurrency multi-wallet, which supports Monero, Bitcoin, Ethereum, Bitcoin Cash, and all the ERC-20 standard coins. The wallet is available both for iOS and Android and recommended for beginners. 

Being one of the safest Monero (XMR) wallets, Edge wallet offers top-notch security features: 2-Factor-Authentication and a unique code that will be sent to your device every time you log into the app. 

You can buy and sell cryptocurrency within the wallet with a 1% fee charged. 

  • Supported assets: XMR, BTC, ETH, LTC, XLM, EOS, BCH, XRP
  • Wallet type: Hot storage
  • CryptoCompare Score: 4.1
  • Launch year: 2014
  • Fees: 1%
  • Platform: iOS, Android

Paper Wallet

monero xmr paper wallet

Finally, don’t forget that you can use a good old paper wallet for your XMR coins storage – it’s safer than most Monero (XMR) wallets. You can use the Monero address generator to create two QR codes and two private keys, and make up your 25-words seed phrase. Voila! Keep your notes in a safe place, and your assets will be out of harm’s way. 

Monero Wallet Addess Example

Monero (XMR) wallets address is a long combination of letters and numbers. It has the following format:

Monero wallet address example
Monero wallet address example

Do not mix it up with a seed phrase (25 words) and your private key, which is also a combination of letters and numbers!

Disclaimer: We have chosen the most reliable and popular wallets for storing Monero cryptocurrency. However, this does not mean that there are no other ways. We ask you to approach the choice of a wallet with a high degree of responsibility. The Changelly team is not responsible for your choice, we only offer storage solutions, and we hope that your coins will be safe and sound.


About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.


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