Algorand is a project that has been stable since its start even market didn’t affect them much. The project has been there since 2019 when they launched their mainnet and launched ICO.
Algorand has recorded handling almost 1 million transactions per day in 2020. Already more than 33 million addresses have been created and if you want to be part of Algorand then you need the best and most secure wallet you are
The most interesting thing about them is they are based on only one chain, which is their native blockchain. Hence you need those wallets that support only the native Algorand blockchain.
Types of Algorand Wallet
There are mainly two types of wallets cold and hot wallets, in simple there are the following types of wallets, Hardware wallet, Paper wallet, Desktop wallet, Mobile wallet, and Web wallet.
You can choose Algo Wallet according to your need and use.
10 Best Algorand Wallet
Let’s find out the updated list of the best Algo wallets that you can use to store Algorand coins. Following are the wallets that you can use offline and online, use them according to your needs, and also check for security.
Pera Wallet (algorand web wallet)
Pera Wallet is previously known as Algorand Wallet back by the official team of Algorand. It is more than a wallet, it offers all dapp features in one place for the Algorand ecosystem.
You can use Pera Wallet on desktop, web, or mobile devices. It is a self-custodial wallet, you can buy, send, & store, NFT transactions, Swap, Dapp support, and Price Chart portfolio. It also supports a Ledger.
Pera Wallet is best for those users who want to make daily transactions and connect with Dapps.
It is one of the Algo wallets for mobile devices, they have more than 100K downloads with a rating of 4.3 out of 5 from 19K reviews. More than 50K downloads on the App Store with a rating of 4.8 out of 5 from 7K reviews.
Click here to visit the Play Store and App Store here.
Devices: Mobile (They are closing down the web version of the wallet in early 2024).
Website: https://perawallet.app
Exodus Wallet
Exodus Wallet is one of the popular cryptocurrency wallets launched in 2016. It supports all major crypto coins including Algorand, Ethereum, Bitcoin, Solana, Binance, and many more. In total, they support more than 300 assets plus tokens.
It is highly suggested by major crypto players for the secure storing of coins in your desktop device.
Exodus wallet supports features like crypto portfolio, self-custodian, in-app purchase of crypto, supports Moonpay, Ramp, and Sardine, 24/7 support, QR scanning, storing, receiving, and transferring crypto.
In early 2022 they launched the Web3 wallet extension for Brave & Chrome browser.
Devices: Android, iOS, Windows, Mac, Linux, & Extension
Website: https://www.exodus.com/download
Coinomi
Coinomi was launched in the year 2014 by industrial experts. It supports more than 125 assets with all supported chain tokens.
You can Buy, Store, Send, Receive, and Exchange Algorand coins within an app. I do not suggest you buy on the app as there are high fees.
You can use Coinomi on Desktop and Mobile devices. However, it is highly recommended to use them on mobile devices. It is popular with mobile users.
They have more than 1.2 million downloads on mobile application stores.
Devices: Android, iOS, Windows, Mac, Linux, & Extension
Website: https://www.coinomi.com/en/downloads
OneKey (Algorand Hardware Wallet)
OneKey has become the most popular hardware wallet in recent times. You can store Algorand and Algorand Token plus you can find all major tokens created on Algorand.
While other major hardware wallets support only a limited number of chains they have more than 15 chains. The starting price of the OneKey hardware wallet is just $58.
Type: Algorand hardware wallet
Website: OneKey
DeFly (Algo Wallet For Mobile)
DeFly wallet is supported by the official Algorand team or Algorand Foundation. It is not only a wallet but it also provides you trading platform. It has more than $22 million in liquidity floated in the app. Already more than 40 million USD volume with more than 608K swaps.
They have more than 5K downloads on the Play Store and more than 1K downloads on the App Store.
Type: Android & iOS
Website: https://defly.app
Algorand Paper Wallet
Algorand Paper Wallet is one of the best Algo wallet for long-term holders. If you are planning to buy big amounts of Algo coin and want to hold for a long time then paper wallets can be your best option.
Paper wallets are the best alternative to hardware wallets that don’t want to go with technology.
Frequently Asked Questions
What is the best algo wallet extension?
Perra is a recommended wallet that is available in extension versions for Chrome & Brave browsers.
Where to store Algorand?
Algorand can be used to store in a wallet according to your needs, if you are a long-time holder then go with Hardware or Paper wallets and if you do daily transactions then go with a desktop or mobile wallet.
