Best Wallet Review – What Makes It The Best Crypto Wallet Right Now

In this Best Wallet review, we share our honest opinion about one of the most popular non-custodial hot storage solutions on the market.

We evaluated Best Wallet’s features, pricing, security, ease of use, and track record to answer the most important question – is Best Wallet legit? And is it truly the best crypto wallet?

Best Wallet is always looking for ways to improve, so its developers regularly roll out updates to ensure you have a smooth experience.

Best Wallet Pros And Cons

Before we dive into an in-depth Best Wallet crypto review, let’s see where it stands out and what could be improved.

What We Liked

• Staking aggregator for earning passive income from your holdings
• Token Launchpad to compare and buy presale tokens
• Integrated DEX for trading between blockchains directly from the wallet app
• Exclusive benefits for $BEST holders, such as lower fees and higher staking yields
• Free to download and use
• No KYC (identity verification) necessary
• Allows quick conversion from fiat to crypto and vice versa

What We Didn’t Like

• Currently only available as Android and iOS apps
• No NFT support
• Market data tracker still in development
• Derivatives trading not yet rolled out

What Is Best Wallet?

Now, let’s break down all these techy terms. Best Wallet crypto wallet is mobile-first, so it’s only available via Android and iOS apps and only online.

Non-custodial means you maintain full ownership and control over your assets. No one but you holds the private key (the unique password that gives access to your wallet), so not even Best Wallet can access your crypto.

When a platform (such as a crypto exchange) has custody of your assets, you risk losing them if the platform is hacked, suffers glitches, or goes bankrupt. With a non-custodial wallet, you’re fully responsible for the security measures you enable.

‘Hot’ is another word used to describe online wallets. Unlike cold wallets, which are offline physical devices, hot wallets are software-based. That’s how Best Wallet can support so many features for active trading.

Is Best Wallet Safe to Use?

The company is headquartered in Bulgaria and complies with Cyprus’s regulations. Best Wallet is a relatively new app that launched in 2023, but it has already earned the trust of 500K users worldwide.

For example, Best Wallet supports two-factor authentication (2FA), which means you have to enter a unique code the platform sends you via SMS or email each time you want to access your account. You can also set up 2FA using biometrics, like facial recognition or fingerprint, if your smartphone supports it.

Best Wallet encrypts your private key and only stores it locally on your device, so only you can access your funds, and malicious actors can’t intercept it during transmission.

While private keys are incredibly secure, there is a drawback. If you lose your private key, Best Wallet won’t be able to help you recover it (because it doesn’t store your key on its servers). That’s why it’s important to set up a 12- or 24-word backup phase and store it in any way you feel is secure. But definitely not on a piece of paper in your physical wallet!

On top of that, Best Wallet filters and hides suspicious tokens that are potential scams. You can enable the filter in Settings or disable it if you’d rather do your own research (DYOR) and invest without limitations.

Lastly, heavyweight crypto security firm Fireblocks insures all Best Wallet user funds against risks like operational errors and cyberattacks.

As an EU-based company, Best Wallet complies with General Data Protection Regulation (GDPR). It doesn’t collect any user data other than the contact information you submit when registering and technical bits and pieces like the IP address that the app needs to work.

Best Wallet – What Are The Key Features?

Now, let’s dive deeper into Best Wallet’s capabilities. We tested each feature firsthand to give you our honest opinion.

Multichain Support

Best Wallet lets you store tokens on popular blockchain networks such as Ethereum, Polygon, Avalanche, Tron, and Binance Smart Chain.

Some of the tokens Best Wallet supports are:

• Bitcoin ($BTC)
• Cardano ($ADA)
• Uniswap ($UNI)
• Aave ($AAVE)
• Pepe ($PEPE)

The list goes on. There are hundreds of assets you can deposit from an exchange or buy directly in Best Wallet for long-term holding or trading.

Fiat On- & Off-Ramp

Best Wallet makes it easy to buy tokens across dozens of blockchains with fiat, for example, via bank card, Revolut Pay, Apple Pay, Google Pay, PayPal, and Sofort. The app supports over 80 currencies, including EUR, USD, JPY, and AUD, so it caters to users all over the world.

You can pick from 21 transaction processors, including Revolut, Guardian, Moonpay, Alchemy Pay, and Banxa. The ones available will depend on the region you’re in and your chosen asset pair. Provider fees vary, so check them carefully before confirming your on-ramp.

Similarly, you can cash out your crypto to your bank account or PayPal using all the same payment processors.

We found the entire process quick and very straightforward, even for first-time users. The best thing about Best Wallet’s on-ramp and withdrawals is flexibility – few competing wallets support such a variety of fiat currencies and payment methods.

Manage Multiple Wallets

If you want to make your life easier and have everything in one place, you can deposit all your crypto to Best Wallet in just a few taps. To do so, scan the QR code with your external wallet’s app or copy your Best Wallet address and send the funds. Again, depositing funds from my Binance wallet took under two minutes.

Likewise, you can send crypto from Best Wallet to any other wallet. Enter the wallet address, pick an asset, specify the amount, and confirm – that’s it. Best Wallet will then show your balance and estimated gas fees.

We found the address book feature particularly useful for repeat transfers. Without it, you’d have to store all addresses externally or ask the recipient for their address every time. Having all addresses neatly organized in Best Wallet streamlines the process, prevents you from losing an address, and mitigates the risk of entering the wrong one.

Integrated DEX

Best Wallet’s built-in decentralized exchange (DEX) supports direct and cross-chain swaps via an autorouter. This means you can trade cryptocurrencies from different blockchains without involving third parties. Best Wallet automatically finds the best exchange rates and lowest gas fees, so you don’t have to calculate them manually.

When placing an order, you can set the slippage tolerance (the maximum price difference you’re willing to accept) and transaction deadline.

These settings are particularly useful when swapping assets on different chains, as this might involve multiple hops and intermediaries. And in the volatile crypto market, these delays can result in substantial price movements.

Staking

Best Wallet supports native staking for $ETH, $SOL, $ADA, $POL, and numerous other tokens with up to 21% APY, depending on the asset and terms.

There’s a fixed and flexible staking option – the former means you lock your tokens for a specified period, and the rewards are typically higher. In contrast, the latter means you can unstake anytime, but the rewards may be lower.

The app also integrates third-party protocols like Rocket Pool for liquid $ETH staking, with an average APR of 2.82%. Alternatively, you can stake Wall Street Memes ($WSM) or Catslap ($SLAP) via their respective websites.

Token Launchpad

The trick to crypto gains is getting in early. Best Wallet helps you discover new promising assets with its Token Launchpad, which features the newest meme coins on presale.

For example, if you wanted to buy Solaxy, you’d need to visit the project’s website, connect your wallet via a widget, and buy tokens through a third-party payment processor. Best Wallet makes it easier and quicker, especially if you want to compare different popular presales.

With Best Wallet, you can buy tokens directly from the app. Just pick a presale from the Upcoming Tokens section, tap on ‘Buy Now,’ and pay with a card or crypto. You can check your token balance anytime right in your wallet.

On each project’s page, you’ll find all you need to make an informed decision – tokenomics, roadmap, and whitepaper. Best Wallet also sends you notifications about new presale launches and price milestones to ensure you never miss an opportunity. However, you can disable them if you don’t need regular updates.

Manage Your Portfolio

Best Wallet’s multi-wallet functionality lets you organize your investments into different categories (for example, ‘HODL,’ ‘beer fund,’ or ‘saving up for my retirement in the Bahamas’) and manage them all from one app. When you click on a certain wallet, you’ll see your total holdings and all the assets you own.

You can also pick which tokens to display on your dashboard, even if you don’t own them yet but want to track their performance.

Transaction history shows all the transfers you made via Best Wallet. Activity filters (Buy, Sell, Swap, Send, or Receive) make it faster to find the necessary transactions. Alternatively, you can see transactions for a specific asset by tapping on its name in your portfolio.

If you invested in one of the presale tokens via Best Wallet’s Token Launchpad, you won’t find them in your portfolio until the presale ends and you claim them. Instead, navigate to the Upcoming Tokens section – there, you’ll see your token balance and the time left until the next milestone or end of presale.

In-Wallet Casino

Best Wallet partners with reputable iGaming platforms like CoinCasino, MegaDice, Lucky Block, and WSM Casino to give you exclusive deposit bonuses, free spins, and lower withdrawal fees. You can access all these casinos directly from the Best Wallet app.

Best Wallet Card

Best Wallet Card is a virtual debit card that lets you spend crypto like you’d use your bank card to spend your dollars or euros. It is accessible via Google Pay and Apple Pay. Cardholders earn 8% cashback on all purchases, which means your rewards might offset a substantial part of transaction fees.

The card helps to bring crypto to the mainstream, which aligns with Best Wallet’s goal of capturing 40% of the crypto wallet market by 2026.

$BEST Token

$BEST is Best Wallet’s native token. Its holders benefit from lower gas fees, higher staking APYs, and governance rights. Users can vote on proposals regarding new features, airdrops, and partnerships to shape the platform’s future.

Benefits also extend to the Best Wallet Card and partnering casinos. $BEST holders enjoy low-to-no transaction fees and exclusive lootbox access.

Beyond buying into the presale, you can win $BEST tokens in the upcoming airdrop. To participate, visit the Best Airdrop page, sign up with your X account, and complete quests such as referring friends and trading a certain amount on the Best DEX to earn points. The more points you earn the more tokens you receive.

Best Wallet Pricing – Is it Affordable?

However, you may have to pay network fees (gas fees) when sending, swapping, and staking crypto. Best Wallet doesn’t charge these fees – they go toward network maintenance and not to the app.

It’s worth noting that gas fees may fluctuate noticeably depending on network congestion, but Best Wallet shows the expected fee before you make a transaction.

When you buy crypto with fiat or withdraw funds to your bank account, you must pay a transaction fee, which depends on the payment processor. These fees are standard across all free hot wallets.

Best Wallet Interface – Is it Easy To Use?

The sign-up took roughly five minutes. Download the app, register with your email address, create a four-digit PIN code, and set up 2FA. You don’t need to pass lengthy KYC (know-your-customer) procedures or configure advanced settings.

Navigating through the interface is intuitive, and many features have info icons with explanations for beginners. For example, when you want to send crypto, you can tap the icon next to ‘Wallet address’ to learn what it is and where to find it.

Many of the settings are flexible, so you can customize the app to your preferences. For example, you can set up an auto-lock timer, security measures like 2FA and biometrics, enable or disable Developer Mode, and change your PIN.

The app runs smoothly and efficiently, so we didn’t encounter any bugs or slowdowns during the several weeks we used it.

If you need any help in getting started or using Best Wallet, you can find how-to guides directly in the app. In the same section, you’ll find comprehensive FAQs and a live chat to get in touch with support agents.

Best Wallet vs Other Crypto Wallet Managers

We’ve tested and compared numerous crypto wallets to see where each shines or falls short. Our best crypto wallet review will help you find one that suits your needs.

Exodus supports NFTs and has some advanced features for $BTC holders, such as custom transaction fees, potentially making it a better option if you hold either.

Meanwhile, Margex is a trading platform that integrates a custodial wallet. It’s great for active investors who need advanced features like copy, demo, and leveraged trading and don’t mind trusting a third party with their fund security.

In our tests, Best Wallet stood out as the most beginner-friendly due to its intuitive interface. It offers just the right number of features to give you full freedom in managing your assets without overwhelming you.

Moreover, its integrated DEX and Token Launchpad make it great for investors interested in fresh assets with a higher risk-reward ratio. It’s also the best Bitcoin wallet for sports betting, as it gives you direct access to gambling platforms.

Best Wallet Reviews – What Other Users Are Saying

Best Wallet has an average rating of 4.6 on Google Play, which makes it the best crypto wallet for Android. Many users highlight its ease of use, multi-chain support, presale access, and lack of platform fees as its main pros.

Some mention bugs developers have promptly fixed, such as the gas fee not always displaying. A few users also pointed out that customer support could be more prompt to respond.

You can now see both the transaction history and gas fees for every transfer.

Overall, the app seems to be constantly improving, as we didn’t encounter any glitches like the user below did in November. The app’s developers are working hard to release updates with bug fixes and new features.

How To Use Best Wallet in 4 Easy Steps

If you’re interested in trying out Best Wallet, here are four steps to get you started.

Step 1: Download Best Wallet

Best Wallet is only available via mobile app, so you first need to download it – it’s completely free and only takes one minute. The safest way is to visit Best Wallet’s official website and navigate to Google Play or the App Store from there to avoid potential scams.

Step 2: Register an Account

Open the Best Wallet app and enter your email address. Then, verify your account with a unique code sent to your email.

Step 3: Set Up Security Features

The next step is to create a four-digit passcode. You’ll use this to log in to your account, and it is different from your wallet’s private key. You can choose any passcode you want, but we advise against using your birthdate and other combinations of numbers that could be easy to guess or find out.

Then, set up 2FA using your phone number. You can also enable biometrics via the app’s settings. In this case, you’ll be able to log in with your fingerprint or face scan instead of the passcode.

Step 4: Add Funds to Your Wallet

You’re all set! Buy some crypto with fiat or deposit it from an external wallet to get started. Don’t forget to check out Best Wallet’s Upcoming Tokens section for opportunities with high growth potential.

Best Wallet Review – Final Thoughts

Although Best Wallet has been on the market for just two years, its user-friendly interface, advanced features like presale and staking aggregator, and cross-chain support make it a strong competitor to older solutions.

If you’re a beginner, want to easily invest in fresh tokens, or distrust custodial solutions (rightfully so), we recommend you try it out. Besides, it’s free, and the setup only takes a few minutes.

To get lower fees, higher staking yields, governance rights, and other perks within the Best Wallet ecosystem, join the $BEST token presale while it’s still live.

However, we encourage you to DYOR. No best crypto wallet review can fully capture the nuances that matter to you personally and protect you from the inherent risks of crypto investments.

FAQs

1. Is Best Wallet legit?

Yes, Best Wallet is a legitimate, secure app that has earned the trust of hundreds of thousands of users worldwide. It has a 4.6 average rating on the App Store and Google Play and is non-custodial, which means you’re in complete control of your private keys.

2. What is the most trustworthy crypto wallet?

Best Wallet is among the most trustworthy crypto wallets due to its solid track record and safety features. While Best Wallet is non-custodial, it offers tools like 2FA and biometrics to prevent unauthorized access.

3. Is Best Wallet good for beginners?

Yes, Best Wallet is great for beginners because it has an intuitive interface and helpful self-help resources. Customer support agents are also prompt to answer any questions you may have about getting started or using the app’s features.

4. Can you safely store crypto with Best Wallet?

Yes, Best Wallet offers non-custodial storage for hundreds of tokens across all popular blockchain networks. We recommend setting up 2FA and biometrics to prevent unauthorized access to your wallet. Don’t forget to keep your recovery phrase somewhere safe rather than write it down because Best Wallet doesn’t store your private keys.