Cosmos is a blockchain project aimed at solving the top problems facing the blockchain industry.
These include “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin. It does this by offering an ecosystem of interconnected blockchains.
It also uses a modular framework that demystifies decentralized applications, making them less complex for developers and also general users.
Also with the use of an Inter Blockchain Communication protocol, the project makes communication between blockchain networks easier, thus preventing fragmentation.
ATOM is the native token for the project and is used to keep Cosmos Hub secure, and is also used as a governance token, giving holders a right to vote on the governance of the project. You may also buy it as an investment asset like any other crypto.
In this guide, we discuss some of the best wallets you can use to hold your ATOM tokens when you buy them for whatever use you have in mind.
Exodus
This is a versatile web3 wallet that can be used to hold ATOM and over 300 other crypto assets. It is a hot wallet available for use on different platforms including desktops, Android and iOS devices.
The Exodus wallet is a web3 wallet with several notable functionalities including support for non-fungible tokens (NFTs), staking, and others. There’s a long list of assets you can stake on the wallet and earn differing passive rewards.
As for who can use it, the wallet is designed to let just anyone use it to store and swap crypto assets easily. It can also be used with hardware wallets.
Trust Wallet
Trust wallet is a leader in the hot wallet space. It supports millions of crypto assets from over 100 blockchains. This makes it a very useful wallet for those into multiple altcoins, as they have many options to deal with.
The wallet is available as an app for both Android and iOS mobile devices. It can also be used as a browser extension, for those with top browsers like Chrome, Brave, and the others. You can also use it to access assets on your hardware wallets.
As a web3 wallet, you can use Trust wallet to stake your crypto assets and earn passive income. You can also use it to buy and hold NFTs from different blockchains.
Atomic Wallet
Although it sounds like this wallet belongs to ATOM, it is just a coincidence because the two have no connection whatsoever. However, it is one of the best wallets you can use to hold your ATOM tokens.
It is also a web3 wallet with functionalities such as staking and support for NFTs. You can use the wallet for any of these functions and also access your hardware wallet whenever you want. There are over 1,000 supported assets on this wallet, making it a good option for altcoin investors as well.
Cosmostation
This is a decentralized web-based and mobile wallet designed by the Cosmos team. The wallet is available for both Android and iOS users, and gives the user full responsibility of securing the wallet.
You can use it to delegate, stake, and receive rewards on the Cosmos network. Because it was designed for the Cosmos network, it makes managing ATOM much easier. The wallet also has cross-chain compatibility, which means you can use it to manage multiple cryptocurrencies on different networks.
Ledger Nano X
Ledger Nano X is one of the hardware wallets made and sold by security company Ledger. The wallet is impressive because it has Bluetooth connectivity which makes it easy to use with mobile devices.
It supports over 5,000 crypto assets, as well as NFTs and staking of assets which are all features of web3 wallets. You can swap assets just like on any hot wallet as well as trade NFTs. Because it provides cold storage, this is the most secure wallet on this list.
