Top 10 Most Popular Crypto Wallets in Europe

In Europe, interest in digital currencies is growing, and more and more people are looking for reliable and convenient crypto wallets for their assets. Their variety is impressive: providers offer hot and cold storage, services with staking functions and connection to DeFi, and support for all types of cryptocurrencies, including NFTs and meme coins.

To help you make the right choice, we have prepared an overview of the most popular crypto wallets that Europeans trust.

What Is a Crypto Wallet and How Does It Work?

A cryptocurrency wallet is a tool for managing digital assets. It is important to understand that it does not store the coins and tokens but rather private keys that open access to the blockchain where the cryptocurrency is based.

A wallet can be:

• hot (works online), convenient for quick transactions but less secure;
• cold (works offline), providing a higher level of security, ideal for long-term storage.

Top 5 Best Hot Wallets

Let's examine the most popular online cryptocurrency wallets in Europe.

Coinbase

It is a wallet of the famous crypto exchange of the same name that supports 200+ coins and tokens, two-factor authentication, multi-signature, biometric identification, and whitelisting (a feature that allows users to define certain addresses authorized to receive funds from the wallet). The wallet has a simple interface that allows users to quickly set up an account and start conducting transactions with assets. Among the disadvantages, users mention high fees.

Binance

It is another cryptocurrency wallet that Europeans often choose. It offers management of more than 350 cryptocurrencies, as well as security measures, including 2FA, phishing protection, address whitelisting, IP access history, and reimbursement from SAFU (an emergency fund created by Binance). At the same time, some wallet and exchange features require KYC verification, which can reduce anonymity.

Crypto.com

The main feature of this wallet is the integration of DeFi protocols that allow you to receive passive income. For example, you can lend your crypto assets with interest or participate in staking. Crypto.com is compatible with Ledger hardware wallets, which makes it possible to store private keys offline and easily manage assets through the platform.

eToro

It is a leading European trading platform offering a multipurpose crypto wallet. It works offline, meaning that you can use the service without having an account on eToro. The wallet is available for download on Google Play and the App Store. eToro offers a universal address, meaning that if you want to receive BTC, ETH, or XRP, you can provide the same public wallet number to senders. The main eToro disadvantage is that it supports a few crypto assets, limited to Bitcoin, Bitcoin Cash, Cardano Ethereum, Litecoin, Stellar, Tron, and XRP.

Trust Wallet

It is a mobile wallet that has been owned by Binance since 2018. It works online, but private keys are stored offline on users' devices. Trust Wallet allows you to send and receive cryptocurrency, as well as trade it. In addition, you can use the service to work with decentralized applications (dApps). The wallet is compatible with almost 100 blockchains, allowing you to work with thousands of different coins and tokens. The disadvantages of Trust Wallet are the lack of two-factor authentication and the dubious legitimacy of some crypto projects it supports.

Top 5 Best Cold Wallets

Now, we bring to your attention wallets that allow you to sign transactions offline.

Ledger Nano X

It is a hardware wallet that provides access to 1,300+ cryptocurrencies, including Bitcoin, Ethereum, and other altcoins. The device's security is enhanced by a PIN code, source code backup, and a special chip that protects private keys. Ledger Nano X has a Bluetooth function that allows you to connect it to a smartphone and supports 50+ integrations with third-party wallets and dApps. The disadvantages are the high price and the small screen.

Trezor Model T

It is another hardware wallet that supports over 9,000+ different cryptocurrencies. To interact with the wallet, you need to install the Trezor Suite program, which allows you to send and receive trades in digital assets, and track your balance. The wallet is compatible with PCs and mobile devices based on Windows, Linux, Android, and iOS and with a USB-C connector. The key disadvantage of the Trezor Model T is its high price, according to most users.

KeepKey

It is a compact device with a metal body and the largest OLED display on the market. KeepKey supports 7,000+ assets and 350+ networks. To conduct cryptocurrency transactions, owners are offered to use the tools of the ShapeShift platform, the KeepKey developer. The wallet is connected to a computer via Micro-USB. KeepKey security measures: A 9-character PIN code and 2FA. The main disadvantage is the large size of the device.

ColdCard

It is a hardware wallet for Bitcoins, best suited for long-term crypto storage. The device has a PIN code system and a built-in tamper-proof mechanism that erases the device's memory in case of a hacking attempt. The key drawback is that it supports only one coin.

BitBox02

The device is available in two versions: one is designed for Bitcoin only, while the other also supports Litecoin, Ethereum, and almost all ERC20 tokens. Integration with DeFi distinguishes it from other similar devices. BitBox02 is shipped from Switzerland, which exempts European customers from customs costs. The main disadvantage is that the wallet does not work on iOS devices.