The best Cardano (ADA currency) wallets in 2024

Cardano with the abbreviation ADA is one of the most popular digital currencies in the market; But despite this popularity, the number of Cardano wallets is much less than other digital currencies. Choosing the right wallet to store and use this digital currency has always been one of the challenging issues for new users.

In this article, we have 8 wallets that are considered by Aruzdigital website The best cardano wallets We introduce and review. To select these wallets, criteria such as security, the number of installations, the credibility of the developer team, and ease of use have been considered. Stay with us until the end of the article.

The best Cardano wallets in 2024

In the list below The best Cardano wallets in 2024 You are viewing:

• Ledger Nano X hardware wallet
• Ledger Nano S hardware wallet
• Trezor Model T hardware wallet
• Daedalus software wallet
• Euro software wallet (YOROI)
• Atomic Wallet
• Exodus software wallet
• Guarda software wallet

Next, we will go to the famous Cardano wallets and check each one separately. All the wallets below can be used to participate in the Cardano proof of stake.

Read more: What is Cardano? All about Cardano and ADA currency

Ledger Nano S hardware wallet

Strengths:

• Certified CSPN (Certificate Level 1 Security) from ANSSI
• Very high security
• Support for a wide range of digital currencies
• Very strong development and support team
• low weight

weak points:

• Small screen
• No battery
• The initial setup is rather difficult and time-consuming.
• Not suitable for everyday use (payment or transactions).

The Ledger Nano S wallet is one of the hardware wallets that is one of the safest options for storing Cardano due to the offline storage of private keys. Ledger wallets provide the private key (recovery phrases) to the user, and intermediary servers have no control over your assets.

Read more: What is a hardware wallet?

If you are new to the world of digital currencies, there are some things you need to know about the Ledger Nano S wallet. This wallet uses the Ledger Live software interface, whose application is not displayed on Google Play and App Store to some Iranian users due to restrictions and sanctions.

Therefore, it is necessary to use IP changing software to download this application, and at the same time, be careful of fake versions of Ledger Live on Google Play and App Store. Remember that the best way to download wallet apps is always to visit the download section of the wallet's official website.

Of course, to manage the Cardanos in this wallet, you must use the Euro wallet that we have introduced below.

Ledger Nano X hardware wallet

Strengths:

• Certified CSPN (Certificate Level 1 Security) from ANSSI
• Very high security
• Support for a wide range of cryptocurrencies (more than any other hardware wallet)
• Very strong development and support team
• Encrypted Bluetooth communication with software interface
• having a battery

weak points:

• Higher weight than S model
• The initial setup is rather difficult and time-consuming.

The Ledger Nano X wallet has all the positive features of the Ledger Nano S, and in addition, the development team has improved some of the weak points of the previous version in the Ledger Nano X version. For example, the screen size of Ledger Nano X has been slightly increased compared to the version of Ledger Nano S to make it easier for users to view information.

Also, in addition to the USB communication cable, there is also the possibility of Bluetooth communication in this model to enable fast and daily transactions. The Ledger Nano X also has a battery that allows for easy portability and wireless connectivity.

Ledger Nano X wallet is offered at a higher price due to better design and more accessories. It is also possible to buy this wallet from Iranian online stores.

Trezor Model T hardware wallet

Strengths:

• Very high security
• Support for a wide range of digital currencies
• Touch screen
• Has a memory card slot
• Strong development and support team
• Open source firmware

weak points:

• Relatively high price compared to similar hardware wallets

TREZOR Model-T is the second generation of hardware wallets released by SatoshiLabs. Trezor Model One (first generation) is not much different from Model T in terms of security, but Model T also supports Cardano, Ripple and several other cryptocurrencies – which were not supported in Model One.

Also, the T model's screen is touch and color, which makes it easier for users. Model T also has the ability to connect a memory card to store passwords and sensitive information.

Trezor Model T supports Bitcoin and many altcoins (including all ERC20 tokens) and is therefore a good choice for long-term storage of various cryptocurrencies (including Cardano).

Read more: What is an altcoin? Know the best Altcoins for investment

Trezor hardware wallet does not have desktop software or mobile application, and to connect online devices to this wallet, you must first connect the wallet to the device through a cable and then enter the Trezor website.

Daedalus Desktop Wallet (Daedalus Wallet)

Strengths:

• Official cardano wallet
• Supported by the Cardano development team
• Direct connection to the Cardano blockchain

weak points:

• No mobile app (so far)
• Not supporting other digital currencies
• Need to download the entire Cardano blockchain (more than 6 GB in 2021)

Daedalus is the name of Cardano's official wallet. If you are a computer geek or Cardano developer, Daedalus is the perfect choice and connects you directly to the Cardano blockchain. But if you don't want to experience the trouble of setting up this wallet and you don't want to dedicate a few gigs of your internet traffic and computer space to this software, it's better to think about another wallet.

Daedalus is an open source software wallet that can only be installed on PCs and Windows, Linux, and Mac operating systems. This wallet enables the storage of ADA digital currency and has special features for professionals in the crypto world. To use this wallet, after installation, you need to download the Cardano blockchain data, which at the time of writing is over 6 GB in size.

The main advantage of an official wallet of any digital currency is that it eliminates the need to trust software and other intermediaries, leaving you in control of your private keys (secured by advanced encryption methods).

The Daedalus wallet development team also claims that in future updates, it will allow third-party developers to customize their wallets to improve the functionality of their wallets (such as frequent transactions or converting one cryptocurrency to another). give

Daedalus currently only supports Cardano (ADA); But according to reports, support for Bitcoin and Ether is going to be added to it soon.

Euro software wallet (Yoroi Wallet)

Strengths:

• HD wallet
• Simple and fast ADA management
• It has a mobile version and an extension for Chrome and Mozilla browsers

weak points:

• It does not have a desktop version
• Only supports Cardano

If you want a secure Cardano software wallet that you can use on your mobile phone and don't feel like downloading the entire Cardano blockchain, Yoroi can be a good choice. This software is a light wallet for Cardano, which was released by Emurgo in October 2018.

In addition to being mobile-friendly, this wallet's Chrome extension provides a simple and easy way to manage ADA. Since Euro is a lightweight wallet, you won't need to download the entire Cardano blockchain to your computer. So you can easily send and receive Cardano transactions.

Euroui is completely free and claims that no one but the user will have access to the wallet's private key. According to the Euro development team, private keys will never be stored on the servers of this company or intermediary suppliers.

Atomic Wallet

Strengths:

• Simple and attractive user interface
• Support for a wide range of digital currencies
• It has a mobile and desktop version
• The ability to convert digital currencies to each other
• Strong and 24-hour support team

weak points:

• It does not have the ability to integrate with hardware wallets.

Atomic is one of the most popular software for storing digital currencies, which, according to its developer team, was created and developed based on the three principles of security, anonymity and decentralization. Currently, Android, iOS, Windows, Linux and Mac versions of this wallet are available and available to users.

Atomic wallet provides the ability to store more than 500 digital currencies and its active development team updates this wallet regularly. In addition, Atomic's strong support team answers users' problems at any hour of the day or night.

Apart from security and performance, this wallet has a very attractive user interface and in this sense it is competing with wallets like Exodus.

Exodus software wallet

Strengths:

• Simple and user-friendly interface
• Support for a wide range of digital currencies
• It has a mobile and desktop version
• Strong support team

weak points:

• Lack of manual fee setting for Ethereum and altcoins
• Refusal to serve Iranian users (Iran IP)

Exodus is a user-friendly multi-currency wallet available for almost all major platforms including Android, iOS, Windows, Mac and Linux. It is also possible to connect this wallet to Trezor hardware wallet. The user interface of Exodus wallet is very simple and user-friendly. So if you are new to the world of digital currencies, you won't have much problem using this wallet.

Although the software code of Exodus is not open source, but according to the claim of the development team of this wallet, the private keys of Exodus users are generated on the user's computer or mobile and are not uploaded to any server.

One of the weak points of the Exodus wallet is the restriction of access to Iranian users. This American company refuses to serve Iranian users in compliance with the laws and sanctions of the United States. However, Exodus does not block assets, and using a reliable IP changer software, this wallet can be easily installed and used.

Guarda Wallet (Guarda Wallet)

Strengths:

• Ease of use
• Support for a wide range of digital currencies
• It has mobile version, desktop version, web version and Google Chrome extension
• Ability to integrate with hardware wallets

weak points:

• ADA cryptocurrency support has just been implemented; Exposed to minor risks and bugs

Before any explanation about this wallet, it is necessary to mention that both the common pronunciations of Garda and Guarda are correct for this wallet; But the common pronunciation in English is “Garda”.

Guarda multi-currency wallet was officially introduced in 2017. According to the Garda development team, private and public keys of users are not stored on the company's servers and will only be available to wallet owners.

The ability to use Garda on all devices and platforms is the main advantage of this wallet. In addition to Cardano, this software supports hundreds of other digital currencies at the same time.

However, it is worth noting that users of this wallet have reported many bugs and therefore should be used with more caution than other options.

What criteria are important in choosing a Cardano wallet?

If you intend to buy Cardano, you must choose one of the wallets of this digital currency to store it. When choosing a wallet, you should pay attention to some basic points. These are:

• Supported digital currencies: Make sure your wallet supports the digital currency you plan to store. If you intend to store Cardano (ADA) coins, your choices are limited; Because few wallets support Cardano.
• Customer support: Before choosing any wallet, research the quality of customer support. For example, if you encounter a problem while working with the wallet or while completing a transaction, will the support team address the issue quickly? Does the wallet's support team have a good track record of providing immediate assistance to their customers? With a simple search on social networks (such as Twitter and Reddit) you will find this out.
• Product development: Some digital currency wallets have not applied any updates and development to their product after launching it. We recommend looking for a wallet that has a professional development team that is always looking to improve their product. Again, we suggest you refer to social networks and read the opinions of the users of these wallets about the development team.
• Ease of use (simple user interface): One of the most important features for choosing a digital currency wallet is its ease of use; So have a full review of the wallet user interface and make sure that working with this wallet is simple and smooth.
• high security: Finally, the most important point in choosing a digital currency wallet is its security; Does your wallet give you control over the private keys? Is it possible to back up the wallet? With these security considerations in mind, make sure your wallet ensures the security of your digital assets.

Tips for safe storage of Cardano

For safe and trouble-free storage of Cardano, keep the following points in mind:

• Back up your wallet: Be sure to back up your wallet so that you can access your digital currencies again in case of any problems. Most wallets give the user a set of 12/15/24 English words as a backup, and the user must store them in a safe place.
• Stay offline: Remember that offline storage of digital currencies eliminates any risk of hacking and theft of your assets and is more secure than all wallets connected to the Internet. If you plan to store large amounts of digital currency, it is better to use hardware wallets.
• Use security features: Does your wallet support two-factor authentication (2FA) and solutions such as setting a PIN code for more security? Try to use all available security options to keep your assets safe.
• Follow the precautions: Always try to follow standard security measures in Cardano storage. For example, use strong passwords; Never give your password and private keys to others; Install antivirus on your system and use only wallets from trusted servers.
• Beware of scam wallets: Recently there have been reports about the emergence of Cardano scam wallets. Make sure you use only safe and trusted wallets.

The unstable state of the Cardano network; Do not worry

At the time of this writing, the Cardano network is developing at a very fast pace, and this can sometimes cause trouble for novice users.

For example, some time ago the Shelly update was implemented in Cardano, which caused many people to see zero in front of their balance section in many wallets and worry about losing their assets, while the assets remain intact. All that was left was for users to follow a few simple steps to see their inventory again.

Read more: zero balance in Cardano wallets; Tutorial on how to fix problems after shelley update

Also, one of the problems recently reported by users is the non-recovery of this digital currency in other wallets. In fact, when you restore your wallet using the 12/24 word recovery (backup), you must transfer all addresses, transactions and balances of digital currencies that you had in the previous wallet to the new wallet (if it supports this digital currency) to be displayed.

But in a few cases, it has been reported that Cardano balances in different wallets are having problems syncing. It seems that these problems are related to the recent Cardano update, which will be fixed over time by providing a new update from all Cardano wallets.

So, keep calm and don't worry if your balance doesn't show up or you can't transfer your property during the network update. As long as you have your private key or recovery words and do not share it with others, there is no risk to your assets.

The challenges of the Cardano network have caused many users to store their assets in exchanges that, despite the risk, no longer require action from them after the update.

Frequently asked questions