Last Updated on March 30, 2024 by cryptocreed
Cardano is a decentralized blockchain platform and cryptocurrency that aims to provide a secure, scalable, and sustainable infrastructure for the development of smart contracts and decentralized applications (DApps).
It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and developed by IOHK (Input Output Hong Kong), a blockchain research and development company.
Cardano’s primary goal is to address some of the shortcomings of existing blockchain platforms, particularly in the areas of scalability, interoperability, and sustainability.
It achieves this through a layered architecture, separating the settlement layer from the computation layer. This separation allows for greater flexibility and upgrades without compromising the underlying protocol.
Types Of Cardano Wallets
Like any other cryptocurrency, you can use it to store Cardano or ADA in a Hot wallet or Cold wallet. As it is one of the most popular coins you can find the number of wallets that you can use to store ADA.
Hot wallets are those wallets that can be used on a daily basis like Exchanges and software wallets. Cold wallets are the wallets where you get access to the private key of your wallet.
In a Cold wallet, you own this wallet for example hardware wallet but if you use a Hot wallet then you are not getting the private keys of your wallets.
10 Best Cardano Wallet
We picked the top 10 best Cardano wallets where you can store Cardano (ADA) coins safely.
Yoroi Wallet
Yoroi is a lightweight wallet for Cardano and ERGO developed by the Emurgo Foundation and supported by the IOHK Foundation. It is the noncustodial wallet for holding Cardano and its tokens online.
You can use the Yoroi wallet in browsers or mobile devices. It works well in Chrome, Edge, Firefox (Cardano wallet extension), Android, & iOS.
The wallet is available in multiple languages. Their top features are Staking on Mainnet & Testnet, Full Node, Multisig, exchange, Dapp, Fiat On/Off Ramp, NFT marketplace, and much more to explore.
Supported devices/Link:- Chrome | Edge | Firefox | Android | iOS | Website
For Whom:- The person who performs transactions daily and wants to interact with the Cardano ecosystem.
Daedalus Wallet
Daedalus wallet is a full-node non-custodial wallet developed and managed by the IOHK Foundation. It is an open-source wallet developed and first launched in 2015 by the Cardano team or IOHK team.
This is the lightweight wallet that stores the whole Cardano blockchain history in a such way that you don’t need huge storage.
You can create unlimited wallets and get full control over your wallet keys. Daedalus works on all desktop devices.
If you are crypto savvy and interested in reading news then they do provide daily news updates within the wallet so you can get the latest news with a balance check.
Supported devices/Link:- macOS, Windows 10 & 11, and Lunux 64-bit | Website
For Whom:- Those who want to check their balance daily and want to make some transactions.
Cardano Paper Wallet
Cardano paper wallets are considered one of the safest wallets to store ADA coins offline. There is currently one paper wallet which is developed by some random developer and it is not open source.
Hence I do not suggest using it instead you can use our method to create a Cardano paper wallet using the official Cardano code. Our guide uses the Yoroi wallet.
Supported devices/Link:- Every device that you know | Website
For Whom:- Anyone who wants to HOLD for the long term.
Eternl Wallet
Eternl is an in-one wallet for Cardano. It offers a browser-based wallet, chrome extension, and iOS & Android supported mobile wallet.
It is a Cardano blockchain wallet that interacts with Cardano blockchains in real-time. You can also connect your Ledger and Trezor wallet.
You can create a new wallet from Scratch, restore your existing wallet with a recovery phrase, and import the old wallet. It is a non-custodial wallet so you will get access to your wallet.
With Eternl you can do Peer to peer trading of Cardano coin. Stake your coin with different pools. Dex supported and possible to do NFT trades.
Supported devices/Link:- Browser | Android | iOS | Extension | Website
For Whom:- For those who want to make daily transactions.
Typhon Wallet
Typhon is an Extension and browser-based wallet. The wallet created on Typhon is compatible with any other Cardano wallets as well, it generates 12, 15, and 24-word phrases.
It has features like Staking, NFT marketplace, Voting, Multi Account, Metadata, and Hardware wallet supported (Ledger & Trezor, HD & Single address, and Multi Delegation.
Supported devices/Link:- Browser | Extension | Website
For Whom:- Wants instant access? go with them.
AdaLite (Previously CardanoLite)
Adalite is one of the safest Cardano wallets developed by VacuumLabs, they are not part of official Cardano, IOHK, or Emurgo. It is an open-source client-side interface.
You can access or create a wallet only by generating 12, 15, 24, or 27-word passphrases.
To create a wallet here just click on Mnemonic after that click on Create New Wallet. It will show the seed phrase which you need to save at a safe place.
With Adalite you can only send, receive, and stake your ADA. Hardware wallets like Trezor and Ledger are supported.
Supported devices/Link:- Browser | Website
For Whom:- For simple transactions and access to the wallet.
Guarda Wallet
Guarda is now a popular mobile-based wallet but they are not limited to mobile devices as of now you can use it on your Android, iOS, Mac, Windows, Linux, and Browser.
You can find all major coins here including Bitcoin, Ethereum, and Cardano. The interesting thing about them is that they are always there for help, and 24/7 customer support.
They do have an inbuilt exchange as well which charges some percentage of the fee on each trade around 3.5%.
Supported devices/Link:- macOS | Windows | Linux | Android | iOS | Browser | Website
For Whom:- Best for mobile users.
Nami Wallet
Nami is a browser extension-based Cardano wallet that works in Chrome, Edge, and Brave browser. It is similar to Metamask but doesn’t offer all the services that they offer.
It is a simple wallet that offers transactions and storage of ADA coins and supports tokens based on the Cardano blockchain. You can also store NFTs and create multiple wallets.
Nami Wallet is open source so developers and technical people can trust them if they want to check the code.
Supported devices/Link:- Extension | Website
For Whom:- Those who need instant transactions.
GeroWallet
GeroWallet is a browser extension-based wallet used not by more than 10K people hence I do not recommend them if you are planning to store big amount of money.
You can use your wallet to store ADA, Cardano-based assets or tokens, NFT storing, and NFT marketplace.
Supported devices/Link:- Extension | Website
For Whom:- Want to try a new wallet then go with them.
Atomic Wallet
Atomic Wallet is used by more than 5 million users worldwide where users can store and transact more than 1000 coins & tokens.
It supports all major coins including Cardano, Bitcoin, Ethereum, Bnb, Link, Litecoin, Ripple, and others.
Supported devices/Link:- Windows | MacOS | Ubuntu | Debian | Fedora | Android | iOS | Website
For Whom:- Have doubts about other wallets? Atomic Wallet is one of the trusted Cardano wallets.
Where I Can See Cardano Wallet Statistics?
There are many Cardano explorers some provides simple stats of transaction and some provide each and every detail from the Cardano blockchain.
CardanoScan, Official Explorer, Cexplorer, and AdaStats are some of the best Cardano blockchain explorers.
