Monero (XMR) is probably the most famous private cryptocurrency in the crypto industry. It pays close attention to the privacy and security of its users. The Monero blockchain, together with its native coin XMR, aims to provide the community with untraceable cryptocurrency transactions.
Just like any other cryptocurrency, Monero requires a solid and secure digital wallet for your funds to be safe and sound. We have gathered the 11 best Monero wallets that seem a good option for XMR storage. Here we go.
Monero wallet is a place to store Monero (XMR) cryptocurrency. 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, including the core protocol migration. Now Monero takes 15th 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 the best place to store XMR.
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 think about buying or mining some, you should be wondering about their storage. The Changelly team has prepared for you the top 11 best Monero wallets.
Before choosing the best Monero (XMR) wallet that suit you, you should consider some points that are extremely important to take into account:
Security. It’s generally recognized that hardware (or cold) wallets are the most secure to store large amounts of cryptocurrency;
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.
Community opinion and a wallet’s reputation. The Monero community is very dedicated. Once there is a scam project or some other issue, the whole community is aware of it.
Cost. Cryptocurrencies, as well as their storage, by their nature, should be publicly available. There are paid wallets on our top, but the choice is only yours.
Looking for a place to buy Monero (XMR) with a credit card or Apple Pay? Changelly might be a perfect platform to do so. Buy or exchange XMR at the best rates and within several minutes on Changelly.
List of Top 11 Monero Wallets in 2021
#1. Exodus Wallet
Exodus multi-currency wallet has been proving its credibility for almost six years. The wallet has a simple and native UX/UI that allows any user, even if it’s your first day in crypto, to interact with it seamlessly. Exodus supports over 125 digital assets, including Monero.
Following the community needs, the team enhanced Exodus wallet availability, so now it can be downloaded on both PC and mobile devices. A desktop version of Exodus suits macOS, Windows, and Linux. Exodus mobile app is available for both iOS and Android devices. Besides being a convenient digital wallet for everyday usage, Exodus claims to be a secure cryptocurrency storage option.
Ledger Nano model S and X enable secure cold storage for the range of cryptocurrencies (1,000+). This type of storage is compatible with both desktop and Android mobile devices (for iOS, you can use both the Ledger Nano X and Ledger Nano S as they are compatible with Windows, Linux, and macOS.
Ledger Nano is a small portable device that keeps your crypto assets using the highest level of security. This USB-like device keeps all private keys and works on the Blockchain Open Ledger Operating System. It includes PIN-code, 2-Factor-Authentication (2FA), and a seed phrase that will help you recover your wallet in case of theft, damage, etc. Practically, a hardware wallet is one of the most secure options to store XMR or any other cryptocurrency. Since Ledger Nano wallets are physical devices, one has to purchase wallets before starting to use them. Currently, Ledger Nano S can be bought at about $75 and Ledger Nano X at $145.
Wallet Type: cold;
Supported assets: BTC, ETH, EOS, XMR, ADA, XLM, TRON, USDT, BCH, and many more;
Monero GUI Wallet is an official and open source desktop client available for macOS, Windows, and Linux.
Monero GUI wallet is a full-node wallet that requires you to download and synchronize the full Monero blockchain. However, don’t worry about the complexity of the wallet’s name. Monero GUI wallet has a pretty native UX/UI and is suitable for crypto novices. If you want to receive and send XMR quickly while having control over your funds, then a Monero GUI wallet is the right choice.
The password protects your GUI XMR Wallet. Moreover, it would be best to create a 25-word seed phrase to make your storage more secure.
The family of cryptocurrency wallets, Freewallet, provides instant access to the core cryptocurrencies like BTC, ETH, XMR, and many others in the form of separate convenient wallets. As can be seen from the name, Freewallet is absolutely free in use and can be installed on both Android and iOS mobile devices. The registration takes several minutes and allows you to use your Google, Facebook, WhatsApp, or Apple account.
Monero Freewallet enables users to track XMR transaction details as well as send, receive, exchange, and store Monero in a safe and convenient way. Users can also buy XMR cryptocurrency with a bank card right in the app. Be sure your funds are protected with a 2fa and a PIN code.
Monerujo is an open-source Monero wallet for Android devices recommended by the Monero official website. The wallet has a user-friendly interface and native user-experience.
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 directly to the BTC address.
MyMonero is one of the most favorite digital wallets among the Monero community. Launched in 2014, the MyMonero development was carried out together with the core Monero team. This fact puts much trust in the wallet and makes it a decent option to store XMR. The MyMonero desktop wallet is compatible with the major operating systems macOS, Windows, and Linux. Please, pay close attention to the fact that MyMonero mobile application is available only for iOS devices. Do not download the MyMonero app from Google Play!
Since the Monero blockchain focuses on private data security and anonymity, MyMonero tries to follow the same vision. All app data is strongly encrypted, while MyMonero does not keep any logs. Users can also get connected to their own server.
Wallet Type: Hot
Supported assets: XMR
Available Platforms: iOS, Android, macOS, Windows, Linux
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.
Coinomi is included in our list of the best Monero wallets by right. One of the best security features is the one-time data backup during the user’s registration. In the Coinomi wallet, currency exchange operations are also performed by the Changelly platform. The combination of these 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.
Storing XMR in the Coinomi wallet might bring you peace of mind regarding the security of your Monero coins.
Trezor is another hardware solution for cryptocurrency storage. Being the main competitor of other hardware wallets like Ledger Nano and BC Vault, Trezor provides quick access to over 1,000 crypto coins and tokens and enables secure storage for each and every crypto asset. We’ve already mentioned that hardware wallets are considered to be one of the most secure ways to keep cryptocurrency. Trezor is a perfect example of trust, availability, and safety.
Trezor has an almost spotless reputation among crypto enthusiasts and continually updates its device to bring users an even more seamless experience. As a bonus, the Trezor wallet looks quite cool and can be a perfect addition to a range of your portable devices. The cost of such a hardware wallet is around $95.
Having a paper wallet for cryptocurrency storage is probably one of the most secure options possible. XMR paper wallet is basically a piece of paper with a written/printed QR code of both private and public keys on it. Sometimes, users just print the string of numbers and letters that represent their private and public keys. However, one should remember some basic rules while using Monero paper wallets.
We’ve left active links to official websites of the best Monero (XMR) wallets. Choose the one that works best for you, and don’t forget to do your own research before interacting with any of them.
#2. What Is the Best Monero Wallet?
We cannot say for sure what the best XMR wallet is since each person has his/her own preferences. However, we’ve tried to collect different yet advanced Monero wallets so you can choose the one that works best for you.
#3. How Do I Get a Monero Wallet?
Once you choose your Monero wallet, just visit the website of the chosen XMR storage application. Pay attention to the authenticity of the resource. To do so, don’t forget the golden rule of the crypto industry – DYOR or do your own research.
Select the type of XMR wallet you want to use (hot, cold, etc.). Most web, mobile and desktop wallets are free. However, cold hardware wallets cost some good money.
#4. Is Monero GUI Wallet Safe?
When using the Monero GUI wallet, users control their private keys. However, one should follow certain security measures and act responsibly in order to keep their funds safe.
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.