Best Mobile Crypto Wallet to Securely Trade & Invest On the Go

Choosing the best mobile crypto wallet is important for monitoring your assets and making quick moves on the go. With hundreds of options available, finding the right one can help you seize new opportunities and minimize losses early on. But how do you decide which wallet is best?

Not all wallets are created equal, so you must keep a few details in mind.

You also can’t overlook multi-chain compatibility. A good mobile crypto wallet should support multiple blockchains, allowing you to manage Bitcoin, Ethereum, Solana, and other assets in one place.

Finally, consider DeFi integrations. Many modern wallets now offer direct access to decentralized exchanges (DEXs) to trade or swap assets with reduced fees, plus staking options to earn passive income.

Fortunately for you, our team of experts has tested dozens of mobile wallets. We looked at the above factors, as well as ease of use and other must-have features. Read on to see why Best Wallet and Zengo top our list of the best mobile crypto wallets for daily trading and HODLing.

Let’s dive in!

What Is a Crypto Mobile Wallet?

A crypto mobile wallet (also called a crypto software wallet) is an application on your phone that lets you trade, store, send, and receive cryptocurrency when you’re connected to the internet. Such wallets provide a convenient way to manage your digital assets on the go.

Because they’re internet-connected, they’re considered hot wallets. In contrast, cold wallets (or hardware wallets) are not connected to the internet.

Mobile wallets allow you to make faster transactions, making them more flexible and convenient than cold wallets like Ledger or Ellipal.

Many mobile wallets can also connect to decentralized applications (dApps) and DeFi platforms to let you stake, lend, and swap your crypto with ease. They also support assets on multiple blockchains, so you can manage all your tokens across different chains in one place.

But, as they are connected to the internet, mobile wallets are susceptible to hacking and phishing attacks. So, it’s important to enable 2FA and biometric logins to protect yourself and back up your private keys in case you are attacked.

Reviewed & Analyzed – Best Crypto Wallet for Mobile

With so many mobile crypto wallets available, it can be hard to narrow down the choices. Usability, security, asset and chain support, and DeFi features can vary significantly across providers.

In this section, we’ll review the best mobile crypto wallets to help you choose the right fit for your trading habits and security preferences.

1. Best Wallet – Non-custodial Wallet with a Token Launchpad for Buying Early-Stage Coins

Best Wallet is a mobile-first, non-custodial crypto wallet available on Android and iOS. It offers an intuitive and beginner-friendly app that prioritizes security with features like 2FA and biometric lockup.

The app also integrates Fireblocks security, which means that Best Wallet uses multi-party computation (MPC). With this, your private key is split between two locations – half of it is on your phone, and the other half is on a Fireblocks server.

Another perk of Best Wallet is that it supports seamless multichain integration, allowing you to buy, sell, and swap tokens across Bitcoin, Ethereum, BNB Smart Chain, and Polygon, all in one mobile wallet.

Best Wallet has ambitions to further expand its offerings to 60+ chains and is currently working on integrating additional networks like Avalance, XRP, and Hedera.

The app also lets you keep multiple wallets and makes managing your crypto seamless, thanks to its wallet card system. You can color-code these cards and swipe through them with ease. They’re also labeled with the type of wallet (multichain or EVM-only) and the assets held inside.

Best Wallet offers zero platform fees for storing, sending, or receiving crypto. However, there are variable gas fees on buys, sells, and swaps, depending on the blockchain and network congestion.

There are also transaction fees for fiat purchases, and they vary across third-party providers. For transparency, you can track all your past transactions and gas fees in the app’s ‘Trade’ menu.

The unique thing about Best Wallet is its built-in token launchpad. This feature gives you early access to the best crypto presales, so you can buy new cryptocurrencies at pre-market prices. You can then stake these upcoming coins to earn passive income while you wait for the token to launch.

The Best Wallet app also has its own token – $BEST – currently in presale. This project has raised over $10.9m already, showing good community support and potential for future growth.

Holding the $BEST token offers you unique benefits, like exclusive fee reductions and higher staking rewards within the Best Wallet app. Best Wallet itself is free to use, but you can buy the token for $0.0243 if you want these additional perks.

Learn more in our dedicated Best Wallet review.

Visit the official Best Wallet website today.

2. Zengo – MPC-Secured Hot Wallet for Bullet-Proof Protection Against Hacks and Scams

Like Best Wallet, Zengo Wallet also uses next-gen MPC to replace traditional seed phrases and eliminate the chances of being hacked. On Zengo, control of the secret key is split between two parties (the Zengo server and your mobile) so that even if one of the two is compromised, your assets will be secure.

Zengo also adds in 3FA, so only you can approve transactions, and you get to swiftly recover your account if needed. The 3FA includes email verification, 3D FaceLock (a biometric face scan), and Zengo file recovery.

Zengo wallet is a self-custodial wallet, giving you full control over your funds. For the privacy-conscious, you also won’t need to fill out KYC. Just sign up with an email and instantly gain access to 380+ assets across top blockchains like Bitcoin, BNB Chain, and Ethereum.

This is all available with the free version. To unlock even more powerful features, you’ll need to sign up for Zengo Pro for either $19.99/month or $129.99/year.

With Zengo Pro, you get the added benefit of asset theft protection, where withdrawals over a custom set amount always require the 3D FaceLock. You also get an advanced Web3 firewall that sends you real-time alerts to protect you from attacks.

Zengo Pro lets you create additional wallets (up to five in total). This is useful for dividing your assets into those for long-term HODLing or those for daily trades.

What we found unique about Zengo was the ability to set up a legacy transfer. You can grant beneficiary access to your Zengo assets, similar to how traditional inheritance systems work, to ensure your crypto never gets lost.

Zengo Pro also offers you 24/7 priority support. From our experience, you get helpful responses within 5 minutes of contact.

You can test out Zengo Pro with a 3-day trial, but you only get this by committing to the yearly subscription. So, if you prefer to stay on the free plan, make sure you’re quick to cancel the subscription.

Visit the official Zengo website today.

3. Margex Wallet – Custodial Wallet With Cold Asset Storage and 6% APY on Staking $BTC

Margex is a crypto exchange that launched in 2019. Its primary offering is derivatives trading, with up to 100x on perpetual futures. Like any exchange, Margex has a built-in wallet for you to store your crypto assets across top chains like Bitcoin, Ethereum, Solana, and Base.

Because it’s part of the centralized exchange (CEX) platform, Margex’s wallet is custodial, meaning you don’t control your private keys. However, Margex employs several other security measures to keep your assets safe.

You can also whitelist specific addresses and add 2FA so that even if your account is compromised, the hacker can’t send funds to an unauthorized address.

As for how it works, the Margex wallet is super user-friendly, and it gives you access to unique trading features.

You get copy trading for beginners, where you can mirror the trades and strategies of experienced investors on auto-pilot. You can take a look at the most successful traders on the platform using the leaderboard, which includes real-time performance metrics.

This board showcases each trader’s return on equity (ROE), total equity, and number of followers, helping you find a trader that matches your risk tolerance. You can then choose who to follow based on their strategy and past performance.

Something else that sets Margex apart from other competing CEX wallets is its incredibly generous staking APYs – 6% on $BTC and 7% on $USDT and $ETH.

Margex also operates limited 5% APY staking pools, which are capped to maintain high returns. You can increase your chances of securing a spot by inviting friends, which grants you priority access for 24 hours before new slots open to the public.

Registering with Margex offers you the chance to win up to $10K as a welcome bonus to help kickstart your experience.

With over 500K users, Margex is available in 153 countries. While the platform isn’t yet accessible to users in the US or Canada, it remains a good, beginner-friendly entry point for those in the UK, Australia, Japan, and South Korea, where crypto adoption is growing rapidly.

Visit the official Margex Wallet website today.

4. Binance Wallet – Ultimate Self-Custody Wallet for Cross-Chain Swaps Across 30+ Networks

Binance Wallet is a self-custody crypto wallet offered by Binance, the #1 crypto exchange in the industry. Founded in 2017, the platform has evolved into offering a variety of tools and features suitable for both beginners and professional investors.

The Web3 Binance Wallet is one such example – perfect for crypto newbies and long-time traders interested in combining security and DeFi.

Added to this security are built-in risk controls designed to warn you if a token or blockchain carries a security risk. For example, you’ll get instant notifications if the app detects malicious smart contracts. This safety measure saves you from having your wallet drained.

Another type of alert notifies you if you attempt to send funds to an invalid or incorrect address. There’s nothing worse than losing crypto due to a simple typo. Fortunately, Binance Wallet lets you know before the transaction is finalized.

Trading-wise, the best part about this wallet is the Binance Bridge, which is designed to simplify your cross-chain swaps across 30+ networks. Because Binance has deep liquidity and low slippage, this lets you swap at the best prices.

Binance Wallet also gives you direct access to interact with dApps like PancakeSwap, UniSwap, and Jupiter.

For earning opportunities, Binance Earn offers one-click options to grow your portfolio with staking. Here, you can earn up to 5.4% APY on $USDT, 5.18% on $DAI, and 4.19% on $USDC through Venus.

With the Binance Wallet being directly integrated into the Binance app, you also don’t need to juggle between platforms. You can transfer funds between the wallet and the exchange with ease, moving across CeFi, DeFi, and Web3 with a single tap.

Visit the official Binance Wallet website today.

5. OKX Wallet – Powerful Multi-Chain Web3 Wallet With a Dedicated NFT Marketplace

OKX is one of the fastest-growing crypto exchanges, with a daily trading volume consistently over $2B – a sign they’re an established and reputable provider. This hybrid exchange also has its own OKX Wallet, a portal to Web3 that lets you store, trade, earn, and manage your crypto and NFTs across 127+ blockchains. You can even create NFTs across Ethereum and Solana.

OKX Wallet is entirely decentralized and non-custodial, so you have complete control over your private keys and digital assets. OKX doesn’t store or transmit your private keys to external servers, helping to reduce the risks of hacking or centralized failures.

While its feature-rich interface may overwhelm beginners, the numerous built-in tools suit advanced users looking for yield farming and other earning opportunities.

Beyond NFTs, the OKX Wallet has a built-in DEX aggregator. This optimizes your cross-chain swaps by finding the best exchange rates across different liquidity pools. Thanks to OKX DEX, you can enjoy instant buys and sells, low failure rates, and access to 100+ chains, all without any extra trading costs.

Furthermore, Meme Mode on OKX Wallet offers a fast, self-custodial way to trade Solana meme coins with zero fees.

Outside of memes, you can efficiently move 350+ crypto tokens between 127+ blockchains, always ensuring you get the best price and the lowest fees.

OKX Wallet also integrates various DeFi lending and borrowing services like Aave, Curve, and Lido to allow staking, yield farming, and liquidity mining.

Notably, it offers a dedicated stablecoin staking section with competitive APYs, including USDC (10.1%), USDT (10.2%), DAI (8.84%), and USDS (11.21%), making it a strong place for passive income.

Visit the official OKX Wallet website today.

6. Kraken Wallet – Secure Non-Custodial Wallet With the Cheapest and Fastest Bitcoin Transactions

Kraken Wallet is a secure, self-custodial, multi-chain wallet. It’s an extension of the Kraken exchange, a reputable platform that serves 13M customers across 190 countries.

This wallet is yet another trusted product from Kraken, and it provides a reliable way to manage your crypto while having full control of your private keys. But unlike the Kraken exchange, which stores 95% of your funds in its geographically distributed cold wallets, the Kraken Wallet operates 100% independently.

This gives you complete control over your assets and NFTs. This wallet also doesn’t track or share any of your data, ensuring full privacy and transparency from the get-go.

Kraken Wallet is open-source, meaning anyone can review its code to guarantee transparency and security, eliminating the need to blindly trust a centralized provider.

To keep your assets safe and your activity private, Kraken Wallet also integrates biometric authentication and advanced encryption technology, adding multiple layers of protection.

As for trading, its standout feature is its support for SegWit and Native SegWit Bitcoin addresses. For those who didn’t know, there are actually three types of Bitcoin addresses:

• Legacy: Regular Bitcoin addresses
• SegWit: Bitcoin’s soft fork addresses that start with ‘3’
• Native SegWit: Bitcoin addresses that start with ‘bc1’

By supporting SegWit and Native SegWit addresses, Kraken Wallet processes $BTC transactions with lower fees and ensures faster confirmation times. Ultimately, this helps you catch any quick price moves if you’re a day trader.

While the Kraken Wallet is separate from the Kraken exchange (you literally have to transfer assets between the two), you do have access to a built-in DEX aggregator. This lets you swap over 2K cryptocurrencies across networks like Bitcoin, Ethereum, and Polygon.

For those interested in NFTs, you can also manage all your NFT collections across Ethereum, Polygon, Solana, Arbitrum, Base, and Optimism, all in one place.

Visit the official Kraken Wallet website today.

7. Uphold Wallet – Assisted Self-Custody Wallet With Up to 14.4% APY on Staking Altcoins

Uphold Wallet is a multi-asset crypto mobile wallet that has gained popularity because it doesn’t focus solely on crypto. You get two wallet options with different assets and centralization levels.

The first and most popular one is the Uphold Vault. Here, you can trade 300+ cryptos alongside fiat and precious metals like gold and silver, all within one app.

Uphold’s ‘Vault’ wallet also provides high staking rewards on altcoins compared to most competitors. Notable ones include Cosmos ($ATOM) at 14.4% APY, Polkadot ($DOT) at 10.7% APY, and Solana ($SOL) at 10% APY.

The Uphold Vault also offers assisted self-custody. You alone control your crypto, with two keys required to move your assets. The vault’s ‘Uphold Key,’ a third key, cosigns transactions and offers a key replacement service. So, even if you lose one key, you can still recover your assets.

This assisted self-custody option will cost you $4.99/month or $49.99/year. You can, however, test out the Vault with a 30-day free trial before committing.

UpHODL is another wallet option from Uphold. If you prefer to have full control of your keys and assets, this one is for you. It offers full self-custody, and it’s available for free. This wallet allows you to store and manage NFTs, $BTC, $ETH, $XRP, and ERC-20 tokens.

On UpHODL, you can buy crypto directly with your card for quick and easy onramping. You can also use WalletConnect to take advantage of DeFi trading venues. For example, you can use this to connect to SushiSwap, where some swap pairs have zero commissions, giving you more value when managing your assets.

Security and transparency are at the forefront of Uphold. The company is domiciled and licensed in the US, UK, and EU. They’re also subject to regular US State audits, and they frequently publish their assets and liabilities for all to see.

Visit the Uphold Wallet website today.

How We Review and Chose the Best Mobile Crypto Wallet App

When putting together our best mobile crypto wallet picks, our team of crypto experts tested dozens of apps and took note of the following criteria.

Mobile Crypto Wallets – Worth Holding Your Crypto in Them?

Mobile crypto wallets give you instant access to your digital assets. However, compared to hardware wallets, they are also more vulnerable to hackers and phishing attacks.

Use Mobile Crypto Wallets If:

• You need quick and easy access to your crypto for trading, payments, or DeFi.
• You frequently interact with dApps, NFT marketplaces, and decentralized exchanges.
• You prefer a free and user-friendly option.
• You need an accessible multi-chain wallet that supports a wide variety of tokens.
• You want built-in staking, lending, or swapping features for passive income.
• You use security measures like 2FA, biometric authentication, and private key backups.

Don’t Use Mobile Crypto Wallets If:

• You plan to hold large amounts of crypto long-term (hardware wallets are safer).
• You want absolute control over private keys without exposure to internet risks.
• You’re concerned about potential hacks or phishing scams.
• You prefer cold storage with multi-signature authentication for added security.
• You don’t regularly trade or interact with DeFi and Web3 applications.

Verdict – Which Mobile Wallet Is Best?

Choosing the best mobile crypto wallet app ultimately depends on your trading style, security needs, and DeFi involvement.

For users looking for a versatile, feature-rich wallet, Best Wallet offers an intuitive multi-chain platform. It provides staking options and a token launchpad for early crypto investments.

If security is your top priority, Zengo stands out with its MPC encryption and 3FA protection, making it one of the most secure mobile wallets available.

Meanwhile, traders who prioritize exchange integration may find Binance Wallet or Kraken Wallet more suitable for seamless fund transfers.

While mobile wallets provide convenience and flexibility, they also come with risks associated with online exposure. It’s crucial to enable strong security measures, use 2FA or MFA where you can, and carefully store your private keys.

As always, this is not financial advice. Always DYOR (Do Your Own Research) before choosing a mobile wallet.

FAQs

1. What is the best mobile crypto wallet?

The best mobile crypto wallet depends on individual needs, but Best Wallet and Zengo stand out as top contenders. Best Wallet is an intuitive, non-custodial wallet that supports multi-chain assets, integrated staking, and an easy-to-use Token Launchpad.

It’s ideal for beginners and presale investors. Meanwhile, Zengo prioritizes security by eliminating the need for seed phrases and offering 3FA protection. This wallet also includes seamless DeFi integration.

2. Is Binance a digital wallet?

Yes, Binance has a custodial digital wallet built into the Binance exchange, allowing users to store, trade, and stake cryptocurrencies.

It also offers Binance Wallet, a DeFi, non-custodial option for full private key control. This adds Multi-Party Computation (MPC) and other advanced security measures to protect your assets.

3. Are mobile crypto wallets safe?

Mobile crypto wallets are generally safe but not as safe as hardware wallets. Mobile crypto wallets require a connection to the internet, making them a prime target for hackers and phishing attacks.

If you use one, you should implement strong security measures like 2FA, biometric login, and private key backups.

4. Can I store crypto on my phone?

Yes, you can store crypto on your phone using a mobile crypto wallet app. These wallets provide quick access to funds, making them ideal for everyday transactions and DeFi activities.

However, because they are connected to the internet, they are more vulnerable to hacks and phishing attacks. For long-term storage or large holdings, it’s safer to use a cold wallet like Ledger or Trezor, which keeps your private keys offline.