Monero (XMR) is one of the privacy coins in the crypto industry. These are coins that can be used for private transactions that are more difficult to trace than regular crypto transactions.
Privacy coins have an extra layer of encryption that makes them untraceable, and so those who want to carry out transactions without leaving a trace can use them. Monero happens to be one of the top privacy coins.
If you’re a fan of private transactions or you’re just exploring altcoins you can buy as an investment, XMR is one option you can consider. If you’re buying it, you need to also think about the wallet you’ll use to hold it.
Below are some of the best crypto wallets you can use to hold your XMR whenever you buy it. These wallets are different in their own unique ways, but you’ll find one that suits you no matter what your goals.
Atomic Wallet
Atomic wallet is a web3 wallet that has lots of amazing features. It supports more than a thousand crypto assets including XMR, many of which can be swapped against each other. You can also use the wallet for other web3 activities.
These include staking assets to earn passive reward, buying and holding of non-fungible tokens (NFTs), and others. Atomic wallet can be used on multiple devices, including desktop and mobile devices both Android and iOS. The wallet is also rolling out a browser extension for the wallet for those who would like that option.
Whether you’re a beginner or a pro investor, Atomic Wallet is a perfect fit because of its user-friendly nature that makes it easy to navigate. If you have hardware wallets, you can also use them with the hot Atomic wallet.
Exodus
Exodus ranks among the top choices when it comes to repliable hot wallets. It is a wallet that has earned a good reputation from crypto investors over the last few years. This is a web3 wallet that supports over 300 crypto assets including XMR.
You can buy, hold, send, and receive crypto assets using this wallet which is a great web3 wallet with several good features. You can buy and stake crypto assets to earn passive income from the mobile app. It also supports NFTs from different blockchain networks.
It is also compatible with hardware wallets such as Ledger, Trezor, etc, so you can use it to access your hardware portfolio. This wallet is for all kinds of users as it has a user-friendly interface that anyone can use.
Ledger Nano X
Ledger Nano X is a hardware cold wallet that many investors use to store their crypto assets offline. The wallet supports well over 5,000 crypto assets including XMR, making it one of the richest crypto wallets you can find.
On top of that, it is also a web3 wallet with many web3 features such as staking of assets, holding of NFTs etc. If your priority is to buy and hold a large number of XMR, this wallet is the best available option for you.
Because it is a cold wallet, it offers a higher level of security than any other wallet on this list. This is a wallet that both beginners and experienced investors can use if they don’t intend to use their portfolio often. It also has Bluetooth connection which allows you to connect it to your mobile devices.
Monero GUI Wallet
This is the official Monero wallet built by the Monero team. It runs on desktops with Windows, Mac, Linux and other operating systems. This wallet makes it much easier to hold and transfer XMR to other people, because of its user-friendliness.
As a full node wallet, it downloads the full Monero blockchain every time you open it. Some people may find this delay unacceptable. You can also use it to mine XMR from the comfort of your house, but this may be suitable only for advanced users.
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