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Do you wish to take custody of your assets on your own? Every expert in different crypto audit companies always emphasizes storing the cryptocurrencies securely. Non-custodial wallets play an omnipresent role in storing cryptos
With a non-custodial crypto wallet, you wouldn’t need to trust anyone else for your digital cryptos. In these wallets, only you have access to your private keys. And, as a famous saying within the Crypto industry goes,
“Not your keys–not your Bitcoin”; if the private keys are yours, then cryptocurrencies in the wallet are yours. And this holds for all the cryptos.
Now that you can retain full ownership of your assets, you will need to store them safely. And you must rely on yourself to retrieve them in case you lose access to your funds. A lot of risks and challenges will follow.
Let us give you a quick list of the top non-custodial cryptocurrency wallets you can think of when it comes to storing your cryptocurrencies without any hassles.
How Can You Create A Non-Custodial Wallet?
Knowing how to create a non-custodial cryptocurrency wallet would be useful before diving into the complete list of these wallets.
To make a wallet, you need to perform two groups of tasks. which are
Registration:
New users must create blockchain wallets and ledger accounts when they sign up for the programme. Every user needs to have their own blockchain wallet. The customer's external ID should be used while creating each account. You can do this to obtain a list of all accounts for a particular customer.
You should build blockchain addresses when you create accounts and connect them to the ledger accounts. New blockchain transactions are now automatically synchronised as a result of this.
User application journey:
Only the transactions and account information related to this account are accessible to the user. When sending a blockchain transaction, it is usually a good idea to display the blockchain addresses connected to this account.
Finally, there should be a choice to send the transaction from the account to a blockchain address.
You only need to do that, then. Although there are still many features and aspects of your app that can be improved, this ought to be a solid place to start for both you and your wallet.
10 Best Non-Custodial Crypto Wallets And Their Features
If you’ve been perplexed about choosing the best wallets amidst a vast pool available today, then we’ve got you covered.
These are some of the top picks of the experts of some reputed crypto auditing companies.
1. MetaMask
ConsenSys launched MetaMask in 2016 and has been a veteran among all other wallets. It has been available for users since the DeFi summer (when DeFi boomed in the 2021 summer). Thus, it has now become one of the most widely used non-custodial wallets with the integration with OpenSea for buying and selling of NFTs.
Features:
- Create ERC-20- based wallet tokens that you can integrate to function on EVM networks like Polygon, Arbitum, Optimism, and BNB Chain.
- You get complete ownership of your private keys or seed phrase, and MetaMask provides complete custody of your digital assets.
- It may function as a browser extension, allowing users to communicate with Ethereum and other EVM-compatible networks' dApps.
- You may even utilize the wallet's in-house swap capability to exchange rapidly without needing to access a DEX.
2. Coinbase Wallet
Coinbase is a significant US-based cryptocurrency exchange that launched its Coinbase Wallet in 2018. People choose it for various reasons, including the fact that it provides a more familiar user experience than the alternatives. This makes the transition from earlier self-custody wallets easier for users. It has a solid reputation brand, which around 90 million people utilize globally.
Features:
- The wallet supports Ethereum and all EVM-compatible blockchains.
- No KYC or Coinbase account is necessary, and you can operate independently.
- You may easily install it as a Chrome extension, much like MetaMask.
- It also accepts non-EVM-compatible coins such as Bitcoin, Ripple, Dogecoin, and Litecoin.
- This non-custodial wallet coinbase also supports Solana and SPL coins.
- It is easily accessible through a smartphone application that consumers can download and is both handy and fast.
3. Trust Wallet
It is an open-source, decentralized, non-custodial wallet app with unrivaled opportunities for purchasing, trading, and holding digital currencies.
Features:
- Interacting with dApps on Ethereum and the other 14 EVM-compatible ecosystems is feasible without worrying about jeopardizing privacy and security.
- It is compatible with over 35 blockchains and over 160 cryptocurrencies.
- Users may effortlessly trade one crypto asset for another or purchase crypto with fiat using in-house buy, swap, and exchange capabilities.
4. MyEtherWallet (MEW)
This is one of those non-custodial cryptocurrency wallets that is more focussed towards those users who have an inclination towards a technical background. It also becomes easier for the users to understand the Ethereum blockchain with this wallet.
Features of MyEtherWallet:
- It can easily work with DEX aggregators like 1inch
- It is open source
- It also offers cross-chain swaps
- The wallet also supports additional EVM-compartible networks like the BNB Chain, Ethereum, Polygon, etc
5. Coinomi
This non-custodial crypto wallet has a rich history which makes it one of the most popular choices of people for storing their digital cryptos. Also, this is amongst the oldest wallets in the market that was launched in 2014.
Features of Coinomi:
- Supports 1,770+ digital content over 125 networks.
- Through the wallet, users have direct access to dApps, direct token swaps, Web3 projects, internal exchanges, and more.
- Feature strict security measures
- A lot of users from Linux, Android, Windows, and iOS can access it
- It offers eight different languages.
6. Exodus
Exodus can be used on Windows, Mac, Linux, iOS, and Android devices. This wallet includes a user-friendly UI because it primarily targets newcomers who haven't interacted much in the cryptocurrency realm.
Features of Exodus:
- Services for managing cryptocurrency portfolios and trading are offered by this wallet. As a result, customers can now store, trade, and manage their crypto assets from a single interface.
- Supports over 130 cryptocurrencies.
- Provides users with a risk-free option
7. BRD
BRD stands out as a relief in comparison to other wallets because it values simplicity. Other wallets are rife with cumbersome onboarding procedures and convoluted user interfaces. The layout of this wallet, which was originally known as BreadWallet, is suitable for novice investors. It also includes instructions for newcomers to the cryptocurrency market.
Features of BRD:
- BRD accepts the majority of the popular cryptocurrencies on the market, including all ERC-20 standard tokens and BTC, ETH, BCH, and XRP.
- Additionally, it accepts payments for crypto purchases in more than 35 different fiat currencies.
- It has a variety of sophisticated security features to protect users' valuables and private data.
- Because there are no servers to be attacked, Simplified Payment Verification (SPV), used by BRD, connects users directly to the Bitcoin network and speeds up transactions.
- A 6-digit PIN, AES hardware encryption, Touch ID, and code signatures are a few of the standout features.
8. Ledger
This wallet's cutting-edge technology guarantees the best level of security for storing, purchasing, and selling crypto assets—everything through a single app.
Features of Ledger:
- Supports 27 coins and more than 1500 tokens
- To safeguard your assets, their solutions incorporate a special operating system and a Secure Element.
9. Trezor
Instead of depending on web services that could vanish at any time or be hacked, using a hardware wallet to keep and trade your cryptos is a reliable alternative. It protects your assets with open security that includes evaluations by skilled security researchers and confirmation through background checks.
Features of Trezor:
- It is simple to use and makes controlling the transfer of payments easy.
- Additionally, it offers an offline backup that enables users to quickly access and retrieve their content.
- Enables more than 1000 coins
- Has numerous security measures, including GPG encryption, encrypted cloud storage, firmware that only supports bitcoin, U2F authentication, and more.
10. Atomic Wallet
The Atomic wallet has a number of fantastic features along with top-notch security.
Features of Atomic wallet:
- iOS, Windows, Android, Mac, and Linux are all supported.
- No verification is required in order to register.
Final Thoughts:
Selecting the best non-custodial crypto wallet for you may be challenging given the wide range of options available. However, there are a number of factors to take into account before choosing the wallet that best suits your needs and level of expertise.
Are you an expert in cryptocurrency or a novice? Do you want a wallet with a dapp browser and an internal swap feature? Do you want a wallet that functions well on desktop PCs, mobile devices, or both? What types of cryptocurrencies are you interested in holding and investing in?
To ensure that you protect your assets, security should always be your top priority when using non-custodial wallets because you are solely responsible for the security of your accounts. These are some of the questions that you must ask yourself before selecting a non-custodial wallet to store your cryptocurrencies.
Author Bio
ImmuneBytes is a prolific group of creators, blockchain supporters, self-starters, and Web 3.0 geeks who work with the aim of making a safer blockchain space for everyone. The vision of our company is that people matter the most, ambition drives growth; and inclusion is the most imperative concept for us.
In the last two years, we have audited over 175+ projects and also maintained a diverse and huge clientele profile consisting of more than 145 clients worldwide. We have been lucky enough to work with different extensive blockchain networks like Fantom, Ethereum, Polygon, Binance, etc.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.