In the process of crypto trading, you will want to find a wallet that supports many different blockchains, is convenient to use and most importantly is highly secure, right?
In this article, I would like to share 4 types of multi-chain crypto wallets for phones so that you can easily make a choice.
Let’s follow along!
Summary table of reviews
Trust Wallet
Trust Wallet is the official cryptocurrency wallet of the Binance exchange. Originally, Trust Wallet was a wallet for Ethereum tokens.
After being acquired by Binance in 2018, it became a multi-functional wallet that supports many of the world’s major cryptocurrencies.
Trust Wallet advantages:
- High level of security: Only you can hold the passphrase and private key for your wallet. Trust Wallet’s reputation skyrocketed after being acquired by Binance.
- Supports coins of more than 40 different blockchains. Including major blockchains such as Bitcoin, Ethereum, and Binance Chain.
- Trade Binance DEX right on the app.
- You can staking some coins like XTZ, TRX, ATOM… right on the app.
- Crypto can be purchased with fiat on the app (powered by Simplex).
Cons of Trust Wallet:
- There is only the option to create a Multi-chain wallet: Multi-chain wallet has the potential to lose the masterkey. From there lose all of your capital – many assets belonging to many different blockchains. When using, you need to be careful. If you want to use a wallet for each blockchain, you need to create it outside and then import it into Trust Wallet.
- It is not possible to use and manage all wallets at the same time, only 1 main wallet can be used at a time.
- Sometimes the error does not show the correct balance of the wallet. Anyone who has experienced this can understand this.
- The function of suggesting gas fee is not effective, sometimes affecting your transaction speed.
- DApp integration: Trust Wallet does not directly integrate DApps into its application, but only integrates the DApp search browser. Therefore, your experience when using these DApps on Trust Wallet will not be seamless and smooth.
Read more: What is Trust Wallet? Reputable Bitcoin Wallet for Newbies
Cobo Wallet
Cobo Wallet is a multifunctional crypto wallet that supports custodial and non-custodial wallet solutions.
Cobo Wallet’s strength can be attributed to its rich set of staking projects. Cobo Wallet supports the coins and tokens of today’s major blockchains.
Advantages of Cobo Wallet:
- High level of security: User accounts will have 4 layers of security including: Transaction password, Google 2FA, comprehensive KYC and SMS notification. For HD Wallet, only you can hold your passphrase and private key.
- Supports coins & tokens of more than 20 blockchains. Including major blockchains such as Bitcoin, Ethereum, TRON.
- There are 2 options for you to use depending on your needs:
+ Cloud Wallet (custodial wallet – or easy to understand similar to a wallet on the floor, you do not hold the key).
+ HD Wallet (non-custody wallet, you are the holder of your passphrase and private key). - Integrate the staking function right on the app and diversify options for you.
- When trading, the wallet has gas fee rate options according to the speed (slow, medium and fast). Besides, there are also suggested levels available for you.
Cons of Cobo Wallet:
- Cloud Wallet: This wallet is handy for newbies but the level of security won’t be too high. You do not control your key. “Not your key, not your coin”.
- HD Wallet: Wallet uses 1 master key (1 master key) mechanism for all child wallets of different blockchains. A multi-chain wallet has the potential to lose or forget keys, which will affect all of your funds. Therefore, you need to be careful when using it. If you want to use a wallet for each blockchain separately, you need to import an existing wallet, but you can’t create it right on Cobo Wallet.
- Only 1 HD wallet can be used at a time. If you want to reuse an HD wallet that has been imported into Cobo, you still have to re-enter the passphrase.
- Integrate the DApp as a DApp browser, instead of integrating it straight for in-app use. Therefore, the using experience will not be smooth and seamless.
Infinito Wallet
Infinito Wallet is a cryptocurrency wallet that supports many popular coins & tokens today.
Infinito Wallet aims to let users manage all their wallets on one app. In addition to multi-chain wallets, you can also enter exchange wallets, wallets that use private keys.
Advantages of Infinito Wallet:
- High level of security: Only you can hold your passphrase and private key.
- Supports coins & tokens of nearly 20 blockchains. Including major blockchains such as Bitcoin, Ethereum, and Binance Chain.
- Crypto can be purchased with fiat on the app (powered by Simplex).
- Support to import exchange-linked wallets and wallets using a secret key next to the 12-word passphrase wallet, providing many options for you, helping to manage the entire wallet in one application.
- DApp Browser offers a wide variety of DApps on ETH, EOS, NEO, Ontology, Binance Chain, TomoChain. There are 2 types: dApp on the browser and dApp installed via Google Play & App Store.
- When transacting, the wallet will have a selection of gas fees that match the network speed at that time (economy, standard, fast).
Cons of Infinito Wallet:
- Wallets created on Infinito Wallet use 1 master key mechanism for all wallets of different blockchains. This has the potential to lose or forget the key, which will affect your entire amount. Therefore, you need to be careful when using it. If you want to use a wallet for each private blockchain, you need to import an external pre-made wallet.
- Integrate the DApp as a DApp browser, instead of integrating it straight for in-app use. Therefore, your user experience will not be smooth and seamless.
Techtipsnreview Wallet
Techtipsnreview Wallet is a cryptocurrency wallet integrated in Techtipsnreview App – an all-in-one app for the crypto and blockchain community. This is the wallet choice with very high security, flexibility, and optimized user experience.
This is the enthusiastic result of the Techtipsnreview team for the community, after the experience of using many products on the market.
Read more: Techtipsnreview App – Instructions to register and use Techtipsnreview App
Advantages of Techtipsnreview Wallet:
- High degree of flexibility: You can create and import wallets for each blockchain, or multi-chain wallets. Each wallet has a different set of private keys and passphrases. However, as I mentioned above, the Multi-chain wallet has the potential to lose the masterkey and thereby lose all of your capital including many assets. Care should be taken when using it. If you want to use a wallet for each blockchain, you can create it right on Techtipsnreview Wallet.
- Easy to use, the user experience is meticulously designed by a team that has used the wallet for many years and knows what you need:
1/ Can be used and managed with many wallets belonging to many different blockchains with different keys at a time right on the main screen of Techtipsnreview Wallet. This has not been done by the above wallets yet.
2/ Only coins and tokens with balances greater than 0 are displayed for the easiest management.
3/ You can choose gas fee. Gas fee is also suggested in accordance with the speed of the network at the time of transaction
- DApp Integration: DApps are integrated right on Techtipsnreview App for a seamless and smooth usage experience. The DApp will link directly to the wallet of the corresponding blockchain without having to re-select it.
- Accounts using Techtipsnreview Wallet are assessed for their reputation and warned if there are signs of fraud.
- Techtipsnreview Crypto Super App Integrated Wallet: One App “All in One” help you trade (trade), redeem (redeem), play games (play), earn rewards (earn) and store (wallets). The application is continuously expanding and evolving.
Cons of Techtipsnreview Wallet:
At the time of writing, only coins & tokens are supported on major blockchains such as Bitcoin, Ethereum, TomoChain, Binance Chain and TRON.
Techtipsnreview Wallet is continuing to support other blockchains in the future.
To better understand Techtipsnreview Wallet and how to use the wallet, you can refer to the article below:
Read more: What is Techtipsnreview Wallet? How to use Techtipsnreview Wallet from AZ
Summary
So through the article, I have introduced to you 4 types of cryptocurrency wallets that support multiple chains and should be used on phones, which are considered the most prestigious today. Please consider and depend on your own needs to choose the right wallet for you!
If you have any questions, you can leave a comment at the end of the article. Me and the Techtipsnreview team will answer your questions as soon as possible.
Join the exchange, discuss with the brothers at Techtipsnreview Insights.
Best regards and see you in the next posts!
Source: Top 4 PRESTIGE Bitcoin wallets on phones to use
– TechtipsnReview
