Monero For Beginners 7
Monero For Advanced 7
Monero Quiz 1
Best Monero Wallets
Before we start reading into the best monero wallets and storage options, it is extremely important to point out that there’s a criterion for the selection of good wallets for Monero. Here we described those that focus on the security of the wallet, support, community feedback and ease of use. There could be other wallets out there but we didn’t believe they actually stack up to the same levels of the below-described ones.
Monero climbed to the 10 positions in regard to market capitalization because the cryptocurrency users really appreciate the privacy features that the crypto has to offer. Along with the growth in popularity, the number of wallets that support this privacy-centric coin increased as well. This makes it even harder to decide which wallet is best for storing this cryptocurrency but our Monero guide will try and provide you with some ideas so let’s see the best monero wallets.
– Ledger Nano
One of the best bets for storing your monero coins is in the secure hardware wallet from Ledger. One of the most popular wallets Ledger was one of the first hardware wallets that started offering support for XMR. The ledger devices are also multicurrency wallets which means that you can store more than 1,000 coins on it and there are currently two versions Nano S and Nano X.
When using the Ledger wallet to send Monero you will have to use the Monero core GUI wallet but it does offer a PC wallet program called Ledger Live and it does not support Monero. You will first have to install the Monero app on the Ledger device and then connect it to the PC that has the Monero GUI installed. For more instructions, you can always read the in-depth guide on their website.
– Trezor Model T
The second most popular hardware wallet option is the Trezor wallet. Similar to the Ledger, there are two versions of this wallet but only the more expensive model supports Monero. The Model T is very neat in that it is the only wallet that has a color touchscreen which makes for seamless user experience. You also have support for a lot of other coins as it is a multicurrency wallet.
– Official Monero Desktop GUI
If you want to use a cheaper solution for storing your XMR coins, why not try the official Monero desktop client. You can get it from the official monero website and it is available for Mac, Windows, Linux, and other operating systems. It is designed to allow for a simpler use when storing or transmitting monero holdings.
The official monero desktop wallet is a full-node wallet which means that you will have to wait for the wallet to download and sync with the blockchain. It takes a lot of time and uses up a huge amount of hard drive and processing power. Once everything is downloaded and synced, the wallet is fairly easy to use but it is helpful if you have prior crypto experience.
MyMonero is another free wallet that is fairly respected in the monero community. The wallet is managed by the monero core developer that worked on the Monero Ledger integration thus providing the users with secure monero accounts. MyMonero was developed as a browser-based wallet but there is now a newly developed version for windows, Mac and Linux. The official Monero GUI is open source and available on the GitHub website. The safest option to use MyMonero is through the PC program since it is a light wallet which means that you do not have to download the entire blockchain to use it.