Tezos is developing its platform very impressively for a decade now. Many of you might have Tezos (XTZ) or might be looking to buy. That’s why we are here today to present you with an exhaustive list of the best Tezos wallets of 2020 where you can store your Tezos (XTZ) safely.
The crypto has overcome all the challenges and now is standing steadily moving towards its development. In our opinion, this is a hallmark for all the crypto enthusiasts for a good reason. We might be wondering to give you a short introduction to Tezos before moving to the core subject. So let’s get that started!
What is Tezos?
Putting our wording as simple as we can, Tezos is a platform based on smart contracts that has some unique features with an on-chain governance model. The model helps the Blockchain to implements the necessary change automatically without any physical permission of hard folk.
Tezos came in the shape of an independent Blockchain on its own. It does not require Ethereum or any other Blockchain to process. Through the proof-of-stake algorithm, the token holders of Tezos (XTZ) can join the network and earn pennies for doing so. In the proof of stake consensus, the holders make the suggestion and propose amendments for the software. If the proposal gets accepted, the developers are rewarded.
Best Tezos Wallets 2021
Below is the updated and complete list of Tezos wallets where you can easily store your Tezos (XTZ) coins
1. Ledger Nano X
If you’re looking for the best variety in hardware wallets, Ledger Nano X has the best confidence to stand at the top. The Nanodevice is designed with the state of the art chips to store your crypto funds. The sleek design of the devices makes them very easy and comfortable to carry around.
It comes with the support of 20+ crypto coins and all ERC-20 based tokens to store and manage. The wallet comes with a space to store more than a hundred decentralized applications.
You can easily connect your wallet with the USB cable or either you can connect it through Bluetooth to your cell phones and laptops. The price of the wallet is around $136 which is not that hefty if compared to its features. Through the Ledger Live application, you can stake your Tezos coins and earn rewards by holding.
2. Trezor One
Trezor one is probably one of the oldest surviving hardware wallets available in the market. Manufactured by Satoshi Labs, Trezor devices gives you the leverage of both devices as you can store your crypto offline in the wallet and can access those coins whenever you want to. The size of the device is small in size and you can easily carry the device around in your pocket.
Trezor one supports over 1000 coins and tokens including the tokens based on ERC-20. The device is affordable if compared to ledger devices. It costs almost $55. One of the many best things is that you don’t need any username and password to access your account. The device is all that you need to access your assets. It means that there is no way one can access your assets as long as the person has physical access to your device. check out our list of best Cryptocurrency wallets
3. TezBox Wallet
The TezBox wallet is an official product launched by the Tezos community. The wallet was the first GUI to release the team. The wallet was released in the period of ICO with the versions available in desktop, web, and mobile wallets. The interface of the wallet is quite user-friendly with a very sleek and comfortable design. Any beginner who wants to invest in Tezos can defiantly opt for this wallet.
As the wallets come from the Tezos team therefore you can only store your Tezos (XTZ). You can store and revamp the security features of the wallets that are satisfying. All your personal information and keys are stores on the device on which you are using the wallet instead of the web. You can run your wallet on multiple devices at the same time. TezBox is integrated with the support of hardware wallets like Ledger Nano S and Trezor.
4. Binance Wallet
If you are looking for an exchange wallet, from our point of view Binance is the best option available in the market right now. The exchange has earned a very reputable name in a very short period. If we look into the past the image is not quite satisfying but the past is the past. Binance stores almost over 150 cryptocurrencies. All the supported currencies can be stores in the wallets including the XTZ as wells as you can exchange your digital assets.
The interface of the wallet can be a little problematic. The layout is a bit confusing and complicated. But there are guides and videos available on the platform that can explain how can you fully master the wallet. The trading fees on Binance is 0.1% if you initiate any trade. Although you store your crypto free of cost.
Binance is considered one of the best reliable and secure crypto exchanges. The support of purchasing digital assets through fiat currencies is also available but limited to the factor. However, it’s the best trading platform for XTZ as long as you are a day to day active trader.
5. Guarda Wallet
When it comes to Guarda wallet, the main aim of the wallet is to provide users with effortless crypto storing and with complete security. Through easy asset management, you can store and manage your crypto easily. All your private keys, backup files, or any other data is not stored on the servers of the wallet. You can access the wallet on your mobile, desktop, and even on the web.
Guarda supports a fair amount of tokens and coins on its platform. It’s fair to say that all major coins and tokens, tokens based on ERC-20 and BEP-2 are supported. The number of supported coins is pretty high compared to other crypto wallets.
The customer support of the wallet is really helpful. The team is available 24/7 to solve all your queries or questions if you have any. A specific amount of transaction fee is charged every time you make a transaction. To be exact 3.5% is relatively high as compared to other crypto wallets and it can be the major flaws when compared to other wallets.
6. Atomic Wallet
Atomic wallet is another version of the web-based wallet that stores your private keys and all other confidential data into your device. You can access the application of the wallet through a mobile app or you can download the desktop version of your laptop. Except for the IOS, the wallet supports all operating systems.
Among other features, the app provides a seamless experience to its users that makes the interactions very sleek and smooth. Atomic Wallet is extremely safe and secure and no matter what, it does not store your information on its database. The wallet supports more than 300 cryptocurrencies among bitcoin, Ethereum, and Tezos.
There is an option to purchase cryptocurrencies through fiat currencies. You can pay for the purchase through your credit card. The atomic swap feature lets you swap your digital assets with your favorites. Although it only supports USD and EUR for crypto purchase. In terms of transaction fees, it can be costly.
7. Exodus
Interested to know all about the Exodus wallet? Well, you have come to the right place. First of all, what makes this wallet so much preferred among all other wallets is the ease of its use. The design of Exodus is the main reason for being such an attractive wallet for crypto users. The multi-coin support can support more than 40 different kinds of Cryptos all at once.
For time-saving, the wallet has a built-in exchange where you can easily swap your assets. Moreover, the helping desk is very sustainable. Customer support of Exodus is providing 24/7 live chat support to advise and recommend the users to solve their queries and issues. Last but not least the dashboard of the wallet’s interface is not complex for newbies. Through the support of live charts and diagrams, you can easily manage your digital assets in a meaningful way.
8. Magnum Wallet (Suspended)
Magnum wallet is designed for those folks who want to manage their crypto portfolio in a convenient and most secure interface. A wallet is an all-in-one option for managing and buying one of the biggest names i.e. bitcoin, Ethereum, Tezos, and many hundred wallets. One of the many features includes the build-in exchange where one can exchange their crypto without going to third party clients.
You can easily manage your portfolio with the amazing navigation design and interface of the wallet. Anonymity and security is the top priority of the team of magnum wallet. The users can manage more than 100+ crypto and various tokens on their wallets.
You can also stake your coins on the wallet to earn extra income. Although the wallet is based on the web, it comes with the support of one of the biggest names in hardware wallets i.e. Ledger and Trezor devices.
9. AirGap
AirGap is an open-source wallet, designed to achieve security the same as hardware wallets. AirGap is a mobile wallet available on both android and IOS. It is also known as the alternative version of the hardware wallet among the crypto freaks. One of the biggest drawbacks of any mobile and web wallets is that to use that particular wallet you have to connect to the internet to browse the wallet.
In this case, you can install the wallet on a separate mobile where you don’t have to connect to the internet to use the wallet. The wallets work fine in offline mode. There are two portions of the wallets named AirGap vault and AirGap wallet. The wallet is used to store your crypto while the vault is used to assign the transactions.
AirGap provides the highest level of security with an instant build in an exchange where you can easily swap your tokens. Last but not least is that you can easily bake your Tezos (XTZ) tokens through Tezos AirGap by delegating.
10. Kukai Tezos Wallet
Kukai is an open-source online storage wallet specifically designed to store your XTZ to support Tezos baking and staking. The wallet offers both android and desktop versions to facilitate the community. You can access your wallets anywhere in the world if you have access to the internet via your browser. The private keys to access the wallet are stored on your web browser with total encryption.
The most amazing function of the Kukai Tezos wallet is offline transactions. It means that without access to the internet you can assign any transaction that you want to make. This way your keys can never be exposed to the internet. You can only store your Tezos (XTZ) on the wallet. Due to the offline signing of transactions, the security of the wallet can be classified as extremely good.
The interface of the wallet is very simple, clean, and easy to use. Even for beginners the features of Baking and staking are very well explained and implemented. There are no hidden fees and transaction charges. Kukai is an open-source platform which means that the code is publically available to read and verified.
Best Tezos Wallets FAQs
How to Buy Tezos (XTZ)?
There are several ways to buy Tezos (XTZ). Many find it difficult but the method is very easy and straightforward. Simply select the best exchange i.e. Binance or Kraken. Make an account and verify your identity through video call or phone number. Sometimes it takes days or seconds to get approve and it depends on your country. After approval, you can easily make payment through your credit or debit card and you’re ready to purchase XTZ.
Is Tezos (XTZ) worth buying?
Tezos is gaining major awareness among the users for its use and how simple it is to “bake”. The coin is making marks with other coins as top competitors. Therefore it means that Tezos coins are worth investing in and can be tagged as a good investment.
Final Verdict:
The implemented simplicity and every version of merits and demerits affect a lot on the usability of user’s usages. The amazing designs and more beneficial features of the wallets lead the crypto users at every click. Nevertheless, there are some week points but the advantages are so much functional that the high point Cleary dominates.
We have put our best version of guides on every possible wallet that can help you store you Tezos (XTZ). Although we are always looking for your reviews and experience if you have used any of the above wallets. it would be very great if you share your experience. Was it bad or good? It will help the community on their end.
