9 Best Polkadot Wallets for Crypto
Posted by Frank Gogol in Crypto | Updated on August 11, 2023
These days, there are many cryptocurrencies available on the market. This new form of money will likely change the way we pay for goods and maybe make banks obsolete one day. One such cryptocurrency is called Polkadot, and it has great promise.
What Is Polkadot?
Polkadot was created by the co-founder of Ethereum, Gavin Wood, and is currently developed by Web3 Foundation. It’s a rather new coin that was only added to the list of major cryptocurrency exchanges in 2021. However, its developers claim that it is a completely decentralized cryptocurrency that can link public and private blockchains, making it both useful today and even more so in the future.
This tall order claim and the strong foundations on which this blockchain technology is built give cryptocurrency exchanges and wallets all the assurances they need to invest in this new coin.
Best Polkadot (DOT) Wallets
Given the massive following and trust that Polkadot has gained in the cryptocurrency business, several wallets are ready to accept the Polkadot (DOT) coin. If you wish to transact with Polkadot, you would need to have a wallet. While some people prefer hardware wallets ranging from the size of a credit card to a huge USB, others would rather have a simple software wallet that stores the coins on your phone. The following are the nine best wallets out there for this new cryptocurrency.
imToken is a software wallet made for the users of iOS and Android phones. You can easily store over 200,000 different coins and tokens at your ease. You can also use it to send, receive, and stake Polkadot. ImToken has features such as touch ID, Wallet Connect, and the Dapps browser to improve accessibility and security.
>> Learn more about the imToken Wallet
Just like imToken, the TokenPocket wallet is also a software-based wallet designed for iOS and Android users. It allows easy ways to create a Polkadot-specific wallet and also accepts other cryptocurrencies. You can even swap your Polkadot and other coins with each other in the TokenPocket wallet. It has over a million downloads on the Google Playstore alone and is only getting better.
>> Learn more about the TokenPocket Wallet
Cool Wallet Pro
Unlike the above two wallets, the cool wallet pro is a hardware wallet. It is the size of a credit card and can easily fit in an actual wallet. The wallet uses encrypted Bluetooth technology to connect with either iOS or Android phones and uses this connection to sync with the Cool bit X app. From this app, it is easy to transact and make payments in the cryptocurrency segment.
The Cool Wallet Pro has a high-security feature called the EAL 6+ certified secured element for added security over its already secure fingerprint and pin code feature. You can buy, sell, and exchange crypto coins and also participate in airdrops for the same.
>> Learn more about the Cool Wallet Pro
The makers of SafePal wallet like to play it safe. They have designed a software wallet for iOS and Android users and also have a hardware wallet option available. The hardware wallet is developed by the trusted Binance lab’s 100% offline cloud storage using air-gapped signing and a self-destruct mechanism.
You can store, stake, and send Polkadot and several other coins based on your preferences. This is a considerably more affordable and easier way to manage your wallet holdings.
>> Learn more about the SafePal Wallet
Ellipal Titan is another hardware wallet and is a great way to send, receive, and stake Polkadot and other coins. It is the size of a small smartphone with a color touchscreen. It directly connects to the Ellipal app on your iOS or Android device.
It uses an air-gapped security system to disconnect your wallet from all external connections, both WiFi and Bluetooth, and can only connect to the Ellipal app from app-generated QR codes. All transactions in the Ellipal Titan wallet are internally signed transactions.
The anti-tamper self-destruct mechanism deletes all data in the wallet when it detects any forceful hardware or software entry into its system. You, as the owner, would have a recovery seed that lets you recover all your coins when you need them.
>> Learn more about the Ellipal Titan Wallet
Ledger Nano X
That’s right, the Ledger Nano X wallet has started accepting Polkadot to be stored, received, sent, or even staked at no extra cost to their wallets, and it is extremely user-friendly. The wallet is a hardware wallet that connects via Bluetooth to either your mobile device or even your system desktop.
>> Learn more about the Ledger Nano X Wallet
The Atomic wallet is one of the first wallets to support multicurrency storage and is compatible with almost any system UI, including Windows, Mac, Ubuntu, Debian, Fedora, iOS, and Android. This makes it one of the most versatile wallets out there and makes the whole experience universal. The atomic wallet also uses a simplex system as a medium for you to buy Polkadot and other coins.
>> Learn more about the Atomic Wallet
Guarda is a multicurrency wallet that also supports Polkadot. It has an integrated fast exchange and well-adjusted fees. This makes it ideal to trade in crypto and also use more often. Unlike other wallets, Guarda is all-inclusive. That means it works as a mobile, desktop, browser extension, and web wallet. It supports over 50 blockchains and over 10,000 tokens that reside in them.
>> Learn more about the Guarda Wallet
The last wallet on our list is Trust wallet, a seamless iOS and Android device wallet. It can be used to buy, store, send, and receive Polkadot and several other crypto coins.
Trust wallet has a support system for over 40 blockchain technologies and the 160,000 tokens that run on them. It also has an integrated exchange with the DOT/BUSD pair.
>> Learn more about the Trust Wallet
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All in all, the wallet segment for Polkadot and other cryptocurrencies is majorly supported by best-in-class designers and security experts. Each wallet has its own perks and should be chosen based on your preferences and needs. These wallets provide the best security for your buck, so choose wisely.