This cryptocurrency pays a lot of attention to the user’s privacy and security. It has steadily become one of the most popular cryptocurrencies in the current crypto market, which you can store using Monero hardware wallets. These digital wallets help you easily store, convert and manage your Monero (XMR) coins.There are many Monero wallets in the market, and it’s difficult to choose an online XMR wallet for your crypto storage needs. Following is a curated list of top Monero wallet apps that are easy to use and super-secure. The list contains free and paid apps with popular features and website links. Read more…
BEST Monero Wallets: Top XMR Hardware & Software Wallets
Binance ✔️ Coins Supported: BTC, ETH, LTC, etc. ✔️ Type of wallet: Hot wallet ✔️ Price: Free Get Wallet Ledger ✔️ Coins Supported: BTC, LTC, DOGE, ETH, etc. ✔️ Type of wallet: Cold wallet ✔️ Price: $175 Get Wallet Trezor ✔️ Coins Supported: BTC, ETH, XRP, HEX, etc. ✔️ Type of wallet: Hardware wallet ✔️ Price: €189 Get Wallet Kraken ✔️ Coins Supported: BTC, DOT, ETH, DOGE, etc. ✔️ Type of wallet: Hot and Cold wallet ✔️ Price: Free Get Wallet Gemini ✔️ Coins Supported: BTC, ETH, LTC, Cardano etc. ✔️ Type of wallet: Software wallet ✔️ Price: Free Get Wallet
1) Binance – Best Wallet with Multiple features
Binance is one of the best XMR wallets that help you create a Monero wallet and offers a platform for trading more than 150 cryptocurrencies. It also offers an API that helps you integrate your existing trading application. Key Specs: Type of wallet: Hot wallet Price: Free Coins Supported: 1000+ including BTC, ETH. Type of wallet: Hot wallet Available Countries: USA, UK, Belgium, France, Italy, and 100+ countries. Mobile App: Android and iOS. Insurance: All U.S. dollar deposits at Binance.us are held at custodial bank accounts and insured up to $250,000 for bank failure by the Federal Deposit Insurance Corp. Staking Support: It launched the “High-Yield Center,” where you can stake and earn up to 104.62% APY. Blockchain support: BNB, Polygon (MATIC), SOL, Polka dot (DOT), Cardano (ADA), ERC-20, BTC, ETH, LTC, etc. Launch Year: 2017 Price: Free Visit Binance »
2) Ledger – Best Cold Wallet
The Ledger is a hardware wallet that supports a multitude of cryptocurrencies. It is one of the best hardware XMR wallets having an LED display for payment validation and a PIN to confirm payments. Key Specs: Type of wallet: Cold wallet Price: $175 Coins Supported: 5500+ coins, including Bitcoin, Litecoin, Dogecoin, Ethereum, LINK Chainlink, etc. Type of Wallet: Cold wallet Available Countries: Delivered to all the countries Mobile App: Android and iOS. Size: 72mm × 18.6mm × 11.75mm Material: Brushed stainless steel and plastic Exchange Incorporated: Yes Battery: Lithium-ion 100mAh battery that gives 8 hours of extended battery life. Connectivity: Bluetooth and USB-C cable Customer Support: It has a vast knowledge-based page, live chat, and email chat Staking Support: Yes Blockchain Support: ERC20 Certification Level: CC EAL5+ Price: $175 Visit Ledger »
3) Trezor – Best Hardware Wallet
Trezor is a hardware Monero wallet that helps you store your Monero coins with ease. You can easily plug it into your computer or smartphone devices. It also allows you to randomly generate a PIN that keeps your device safe and secure.
Key Specs: Coins Supported: 1800+ including Bitcoin, Ethereum, Ripple, HEX, etc. Type of Wallet: Cold wallet Available Countries: Delivered to all the countries Mobile App: Android Compatibility: Linux, Android, Windows 10+, macOS 10.8+ Size: 64 mm x 39 mm x 10 mm Connectivity: USB-C connector Staking Support: Trezor hardware wallets do not allow cryptocurrency staking. Users can, however, link the Trezo Model T or Trezor One wallet to a third-party validator or staking pool. They can also use the Exodus wallet as a staking interface Available Platforms: macOS, Windows, or Linux Customer Support: email, Trezor wiki page, FAQ section Certified: Trezor devices are clearly CE and RoHA certified. Launch: 2012 Blockchain Support: ERC20 Price: 189 EUR Visit Trezor »
4) Kraken – Best Wallet with High deposit & withdrawal limits
Kraken is one of the best XMR wallets that offer financial stability to the user by maintaining full reserves, relationships, and the highest legal compliance standards. It helps you to buy and sell digital assets with a single click.
Key Specs: Coins Supported: 120+ coins are supported, namely: Bitcoin (BTC), Polkadot (DOT), Ethereum (ETH), Dogecoin (DOGE), Cardano, etc. Type of Wallet: Hot and Cold Available Countries: Africa, Asia, Europe, North America, Oceania, South America Mobile App: Android and iOS. Staking Support: Yes. The APY ranges from 4% to 12% Blockchain Support: ERC-20, TRC-20, Polkadot, Solana (SPL), Cardano, Ripple, + 20 other networks. Available Platforms: Web, Android, and iOS Customer Support: Available 24/7 via live chat, phone, and email. Launch Year: 2011 Regulations: Kraken is regulated by FinCEN. Price: Free Visit Kraken »
5) Gemini – Best for beginners
Gemini is one of the best Monero wallets that helps you to legitimize cryptocurrencies worldwide. It is a simple, elegant, and secure way to build a crypto portfolio. It also provides discounts up to 0% for volume traders.
Key Specs: Coins Supported: 70+ including Bitcoin, Ethereum, Litecoin, Cardano and Bitcoin Cash, etc. Type of Wallet: Software wallet Available Countries: Delivered to all the countries Mobile App: Android and iOS Compatibility: Linux, Android, Windows 10+, macOS 10.8+ Customer Support: email and Chat Hardware Wallet Compatibility: No Security: Very secure Launch Year: 2014 Price: Free Visit Gemini »
6) CoinBase – Best Wallet for Beginners
Coinbase is a Monero wallet that can be utilized for crypto purchases, selling, transfers, and storage. It can securely store a wide range of digital assets in offline storage. It is one of the best Monero wallets supported in more than 100 countries.
Key Specs: Coins Supported: 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc. Type of wallet: Hot storage Available Countries: 100+ countries like North America, South America, Europe, Asia, Oceania, Africa, etc. Mobile App: Android and iOS. Insurance: Coinbase maintains crypto-insurance and all USD cash balances covered by FDIC insurance, up to a maximum of $250,000. Staking Support: Up to 8% APY in crypto savings Blockchain Support: It supports various blockchains like Arbitrum, Avalanche C-Chain, BNB Binance Smart Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, xDai. Customer Support: Coinbase help page, emailed support, an automated phone system, and a chatbot. Regulations: Coinbase is also registered as a Money Services Business with FinCEN. Available Platforms: Web, Mobile, and Desktop Launch Year: 2012 Signup Bonus: $5 For US Citizens Price: Free Visit CoinBase »
7) Coinsmart – Best Wallet for Canadians
Coinsmart is a digital currency exchange that enables you to buy and sell crypto with no hassle. It helps you to access your cryptocurrencies, payments, and your transactions instantly. It is one of the best Monero wallets that provides a quick and easy way to send invoices to your customers using SmartPay Invoicing.
Key Specs: Coins Supported: CoinSmart currently offers 16 Cryptocurrencies, including BTC, ETH, LTC, BCH, EOS, XLM, ADA, DOGE, DOT, etc. Type of wallet: Cold wallet and Hot wallet Available Countries: Canada, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Turkey Mobile App: Android and iOS. Insurance: Their cold wallets are insured by BitGo for 200 million. Customer Support: CoinSmart provides 24/7 omnichannel customer support, SmartRep, via email or live chat. Regulations: Canadian Securities Administrators’ (CSA), Investment Industry Regulatory Organization of Canada (IIROC), and Ontario Securities Commission (OSC) Launch Year: 2018 Staking Support: No Blockchain support: ERC-20 and standard BTC wallets. Price: Free Visit Coinsmart »
8) Cex.io – Best for trading major cryptocurrencies
Cex.io is one of the best Monero wallets which helps you to buy and sell cryptocurrencies. It helps you to deposit funds using MasterCard, VISA cards, or PayPal. This cryptocurrency platform follows scalping and frequency trading strategies to secure assets and data.
Key Specs: Coins Supported: Bitcoins, Ethereum, XRP, XMR, LTC, Cardano, Neo, etc. Type of Wallet: Software wallet Mobile App: Android and iOS Customer Support: email and Chat Launch Year: 2013 Security: Secure Price: Free Visit Cex.io »
9) Monero GUI Wallet – Best for monero (XMR) currency
Monero GUI Wallet is an open-source and official desktop client which supports XMR wallets. It is one of the best XMR wallets with a native UI/UX suitable for crypto novices.
Key Specs: Supported Coins: XMR Wallet Type: Software, Desktop Available Platforms: macOS, Windows, and Linux Customer Support: Community Mobile App: macOS, Windows, and Linux Price: Free Launch year: 2014 Visit Monero GUI »
10) PrimeXBT – Best anonymous Bitcoin wallets
PrimeXBT is a multi-asset trading platform, which means cryptocurrency is one of the assets out of the many that you can find on this platform. It provides some amazing leverage options, and the fees on this platform are very competitive.
Key Specs: Coins Supported: BTC, ETH, LTC, XMR, XRP, EOS. Type of Wallet: Software Available Countries: German, French, English, Italian, Spanish, Russian, Portuguese, Japanese Mobile App: Web, Android, and iOS. Wallet Type: Software Available Apps: Web, Android, and iOS. Customer Support: Live Chat, Email Support. Blockchain Support: BTC, EOS, ETH, LTC, and XRP Supported Coins: BTC, ETH, LTC, XMR, XRP, EOS. Launch Year: 2019 Visit PrimeXBT »
How to buy Monero XMR?
Below are the steps to buy Monero (XMR): Step1) Register on the Binance site by clicking Register Now button
Step 2) In the next step,
Select the method as Email Enter your email address and password and click on the Create Account button
Step 3) For the additional security measure, Binance asks you for the puzzle verification. Just drag and drop your mouse to complete the puzzle shown on your screen.
Step 4) Enter the verification code you have received in your mail-id.
Step 5) Complete all the registration formalities. Enter credit card and billing details. You can now proceed with your XMR purchase
- Click on the Trade menu
- Then press the Convert option to convert your fiat currency into XMR
Step 6) In the Convert & OTC Portal screen,
- Select Euro (or any other Fiat currency you want to deposit) and enter the amount you want to convert into an XMR coin
- Click on the Preview Conversion button.
Step 7) You will see the amount of XMR you will receive after conversion. If all is okay, click Convert to proceed with the transaction.
Step 8) Conversion process is successful! You can check the complete status of your transaction by clicking on View Status
Buying Guide:
❓ What is a Monero Wallet?
Monero wallet is a digital wallet that helps you easily store and manage your Monero (XMR) coins. This software allows you to buy, sell, convert and manage different digital currencies and keep track of them in one place. These digital wallets also offer various security features to keep your digital assets safe and secure.
✅ What are the best XMR Wallets?
Following are the best XMR Wallets:
👍 Binance – Best Wallet with Multiple features 👍 Ledger – Best Cold Wallet Trezor – Best Hardware Wallet Kraken – Best Wallet with High deposit & withdrawal limits Gemini – Best for beginners Coinbase – Best Wallet for Beginners Coinsmart – Best Wallet for Canadians Cex.io – Best for trading major cryptocurrencies Monero GUI – Best for monero (XMR) currency
🔒 Is Monero GUI Wallet safe?
Yes, the Monero GUI wallet is relatively secure, as users have total control of their private keys.
🚀 What are the tips for securely storing your Monero?
Here are some important tips for securely storing your Monero coins:
You should back up your wallet regularly to protect against unexpected mishaps or accidents. You can store your private keys somewhere private and also ensure that it is encrypted. Select a wallet that suits your needs, as some crypto wallets are focused on security and can be time-consuming to use. Set up two-factor authentication.
🏅 Can you hold XMR coins on an exchange?
Yes, you can. However, not all cryptocurrency exchanges support Monero (XMR). Binance and Coinbase are crypto wallets that allow you to hold your XMR coins on them. Keeping your XMR coins on these platforms will allow you to remain sure that they’re quite secure and also trade with other cryptocurrencies.
👉 Can you keep your cryptocurrencies in two or more Wallets at a time?
Yes, it is also a part of crypto storage best practices too! Most cryptocurrency enthusiasts prefer to have software for easy access and trading and hardware wallet for safe storage. However, you can also use multiple wallets to make sure that your assets are safe and sound. This helps you when one of your crypto wallets becomes compromised, and you still do not lose all of your assets.
⚡ What are some important types of Monero Wallets?
Here are some important types of Crypto Wallets:
Hot wallets: These wallets use keys created or stored on a device with access to the Internet. Hot wallets provide high utility, but they are less secure than cold wallets. Cold wallets: These wallets use digital keys created on a device that does not have access to the Internet. They are also known as hardware wallets. Cold wallets are the physical devices in which cryptocurrencies are stored. Hosted wallets: These wallets are live on another server that you don’t have control of. Hackers use host wallets as they hold the data of all the funds from the wallets on the server. This type of crypto wallet offers various levels of protection as third parties insure some hosted wallets. Decentralized wallets: In this type of wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never offers any assurance of complete privacy. Although, it also means you do not rely on a 3rd party to send, receive or store your cryptocurrencies. This allows you to ease some security risks associated with hosted wallets. Hardware Wallets: Hardware wallets are physical items (like a type of USB drive). The Ledger and Trezor are popular names in hardware wallets. They are considered highly secured crypto wallets. Software Wallets: These online crypto wallets or trading platforms do not require downloading and can be accessed through an Internet browser.
❗ What should you look for in a Monero Wallet?
Here are some important factors that you should consider while selecting the best Monero wallet: Usage: The biggest thing you should consider when selecting a wallet that supports XMR is how you intend to use your crypto. Therefore, a hardware wallet is surely the best choice if you plan to buy and hold your investment long-term. 2-factor authentication: It is also known as the 2FA feature that helps you to log in only when you verify your identity in the crypto wallet. If another person had your password or could hack your password through several methods, they would still need to pass the second level of authentication. Multi-signature support: Sometimes, a crypto wallet is owned by multiple people, like business partners. At that time, multi-signature support helps you set the security for the wallet, which is needed for multiple keys before access is granted. This also secures your funds from unauthorized access or transferring the funds to another wallet. Exchange with crypto wallets: A crypto wallet should support other platforms. For example, many cryptocurrency users use Coinbase as it offers various types of tokens, allowing you to make payments, buy, sell and trade with the help of the GDAX platform. Multi-currency vs. single currency. Many cryptocurrency owners own multiple cryptocurrencies. Therefore, managing a separate wallet for every currency can be a complicated process. Therefore, you should select an XMR wallet app that supports multiple types of currencies. QR Code Scanner: A QR code scanner is necessary to access the mobile crypto wallet. This allows any mobile crypto wallet to generate and scan a QR code for coin transfers. Backup Option: Your selected crypto wallet should provide an option for backup. Therefore, in the case when your laptop, PC, or smartphone device stops working, you can back up your data immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.
❓ Can you mine XMR?
Yes, you can mine monero. All the transactions are carried by a “centralized” blockchain, making the process reliable and faster. Mining is a fundamental principle of almost every cryptocurrency. Each of them uses their system to establish how much power the miners have.
BEST Monero Wallets
Binance ✔️ Coins Supported: BTC, ETH, LTC, etc. ✔️ Type of wallet: Hot wallet ✔️ Price: Free Get Wallet Ledger ✔️ Coins Supported: BTC, LTC, DOGE, ETH, etc. ✔️ Type of wallet: Cold wallet ✔️ Price: $175 Get Wallet Trezor ✔️ Coins Supported: BTC, ETH, XRP, HEX, etc. ✔️ Type of wallet: Hardware wallet ✔️ Price: €189 Get Wallet Kraken ✔️ Coins Supported: BTC, DOT, ETH, DOGE, etc. ✔️ Type of wallet: Hot and Cold wallet ✔️ Price: Free Get Wallet Gemini ✔️ Coins Supported: BTC, ETH, LTC, Cardano etc. ✔️ Type of wallet: Software wallet ✔️ Price: Free Get Wallet
