cryptocoingossip

You heard the praise “Don’t put all your eggs in one basket” for diversifying investments.

In cryptos, you can choose from more than 7,000 assets to invest but to manage diversified holdings on different crypto wallets is hard.

So to solve the issue, Multi-Currency wallets emerged offering multiple cryptocurrencies holding on one wallet.

Now there are many multi-currency wallets available for different platforms, but more covenant ways to use wallets is on your mobile.

In this post, I’m going to list the top 7 best Multi-Currency wallets you can use on your mobile.

#1. Coinomi.

OS: Android, iOS.

Founded in 2014 Coinomi is the reputed crypto wallet for mobile supporting more than 125 different coins and blockchains (the biggest number of assets for noncustodial wallets according to their site).

Coinomi is a user friendly wallet with SegWit support means you get faster confirmation while sending Bitcoin or Litecoin with a lower transaction fee. This feature is also available to 18 other altcoins.

The wallet also takes care of the security side by keeping your wallet private key on your device using strong encryption and cryptography plus you’ll need to set a password for sensitive actions, such as withdrawals, and it is also part of the recovery phrase encryption.

To set up a wallet, you don’t need any ID or KYC details.

Apart from SegWit, Privacy, Security feature Coinomi offers 168 fiat currency representations, readable in 25 languages. All supported assets can be exchanged instantly from within the app via built-in exchanges.

#2. Jaxx.

OS: Android, iOS.

The wallet was created in 2014 by Anthony Diiorio, one of the co-founders of Ethereum.

Using Jaxx’s user friendly interface you can store 90 crypto assets and track the price movements.

A unique feature of Jaxx is Cross-Platform Pairing which allows you to access the wallet in different devices at the same time for eg; if you download the Jaxx wallet onto your Android mobile and your desktop, all of your funds are accessible on both devices.

Like Coinomi, Jaxx offers the same level of security and privacy by storing your private key on your device and not asking for any KYC, ID details and also built-in exchange for Instantly buy and sell supported digital assets.

#3. imToken.

OS: Android, iOS.

Popular user friendly wallet for mobile released in 2016 and is developed and maintained by ConsensLab, which is a Chinese company.

The wallet is popular because of its user-friendly interface focusing on a one-click approach, bringing all the functionality one-click away from you.

Initially, imToken main focus on the Ethereum ERC-20 tokens and also work as the DApps browser, but now wallet supports 11 blockchains including Bitcoin, EOS, ATOM, BCH, TRX, LTC, CKB, DOT, KSM, FIL tokens.

Another noteworthy feature of imToken is it’s one click token swap feature allowing you to swap one token/coin to another. Just choose your desired pairing tokens, select amount, click and boom!!! Your tokens swapped instantly.

imToken offers the same security and privacy features as the above wallets asking no ID or any KYC details and storing private keys on your device.

#4. Edge.

OS: Android, iOS.

Founded back in 2014 headquarters in San Diego California, during the founding company name was “AirBitz” supporting only Bitcoin transactions and then the name changed to “Edge” now supports 30 crypto assets.

The wallet comes with the built in-exchange and allows you to buy cryptos using credit card or wire transfer, for spending cryptos, you can buy gift cards for popular online websites, such as Amazon, Steam, etc. through Bitrefill.

Safeguarding cryptos Edge lets you create a username and password but nothing to worry about privacy because all the details are encrypted on the device before being transferred to the servers.

Even you don’t need to fill out e-mail or any other personal information to sign up for the wallet.

Edge also gives you full control over how much you’d like to pay in Bitcoin transaction fees.

#5. Guarda Wallet.

OS: Android, iOS.

Started as the Ethereum web wallet in 2017 now expanded to over 40 crypto assets and available for Android, iOS.

Even being the new wallet on the market, Guarda offers the best UI, Security and Privacy.

Guarda encrypts your private keys and stores them on your device plus it offers multisig where two or more users are needed to sign the transaction, also never ask for any ID and verification to create a wallet.

Moreover, you can earn through Guarda by staking coins.

One downside of the wallet is Fees. You’ll have to pay a 3.5% fee when using the built-in exchange service which is relatively high compared to what other cryptocurrency exchanges have to offer.

#6. Freewallet.

OS: Android, iOS.

Freewallet Started operating in 2016 based out of Tallinn, Estonia.

The wallet supports more than 100 crypto assets, including a vast number of ERC-20 tokens.

Also, wallet offers you free crypto assets transfer between wallet users.

And you can buy any cryptos using VISA or MasterCard credit card but keep in mind are fees pushing past the 7% mark.

But one drawback of the wallet is you’re not in control with the private key means wallet stores your private key in cold storage, according to Freewallet, while remaining linked to wallet balances. This is backed up by 2 Factor Authentication options to secure accounts. A must-have in with any online financial product.

Conclusion.

These are all the multi-currency wallet options you get for the mobile device.

Above most of the wallets are open source, HD Wallet, and none of them asks for you to provide personal information.

On top of that, wallets offer little to no fee to do transactions by giving the security as the priority.

All these benefits you can get into on your fingertips.

Now it’s your turn to choose the best wallet option for you or if you used anyone on the list do share your experience.