Cardano’s proof-of-stake network is among the top ten by market capitalization. This makes it one of the top assets for crypto investing, and one with much potential.
If you’re looking to invest in Cardano’s ADA, it is important that you get the right wallet for it. There are many factors to consider in choosing a suitable wallet for this purpose. You may want certain features to be available.
Such features may include support for non-fungible tokens (NFTs), staking because ADA is a popular cryptocurrency for staking, and high security. You may also want a wallet that supports a large number of crypto assets so that you can easily swap assets.
Whatever your goal is, at least one of the following wallets will meet your needs, and they are the top five Cardano wallets to choose from.
Daedalus
Daedalus is the full node wallet for the Cardano blockchain. This means you can access the entire transaction history of the network on this wallet. You can also use it to verify your own transactions without waiting for validators to do it for you.
The wallet was specifically built for Cardano, so it runs on this network only. The fact that you can access the entire blockchain makes it more secure and decentralized than most other wallets.
This wallet only works on computers, and not mobile devices. The supported operating systems are Windows, Mac, and Linux. The open-source wallet also allows you to stake ADA and earn rewards within it.
Yoroi
Yoroi is a light wallet for Cardano. Although it is a Cardano-specific wallet, it doesn’t require the user to download the full Cardano blockchain to use it. This makes it easier and faster to use than Daedulus.
The wallet can be used on a desktop as well as mobile devices, but can also be accessed as a browser extension, making it more easily accessible to different types of users.
One notable feature of the wallet is that it can generate new external addresses for each transaction, making it highly private. You can also access multiple staking pools using Yoroi and earn rewards staking your ADA.
Nami
Nami is another wallet that was created exclusively for Cardano. The wallet is only accessible as a browser extension, working with top browsers such as Chrome, Brave, and Edge. One thing that stands out for Nami is its user-friendliness which makes it suitable for almost anyone to use.
Like the other wallets, Nami also allows users to stake their ADA through different staking pools and earn rewards. Unfortunately, the wallet doesn’t have a mobile app currently, but this feature may be available in the future.
You can also use the wallet to access decentralized applications on the Cardano blockchain, such as decentralized exchanges etc.
Exodus
Exodus is a top web3 wallet that supports hundreds of cryptocurrencies across several blockchains. Although not built exclusively for Cardano, it does support Cardano, and you can use it to do many things with Cardano.
For example, the wallet has a staking feature that allows you to stake your ADA and earn rewards. It also supports NFTs, so you can store your Cardano-based NFTs within it. Exodus is available across platforms, including desktop and mobile devices both Android and iOS.
Exodus is also a non-custodial wallet, so you get full control of your assets and manage your own private keys, making it highly secure as well. It also supports hardware wallets like Ledger and Trezor.
Atomic
Atomic wallet is another non-custodial wallet that supports Cardano as well as hundreds of other assets. Specifically, the wallet supports more than 500 crypto assets, making it ideal for those interested in altcoins.
The wallet is available across platforms, including PC, Mac, Android, and iOS with high emphasis on security, Atomic ranks among the most secure software wallets available. It doesn’t come as a browser extension.
