One thing that many crypto investors are doing now is to diversify their investments to other crypto assets also known as altcoins instead of focusing solely on Bitcoin.
Such a strategy has become necessary as the price of Bitcoin has gone quite high and not many people can afford to buy enough of it to make any reasonable profits within a short time. Altcoins on the other hand have the potential to help investors achieve this, especially the low cap ones.
If you’re an investor interested in this kind of strategy, it is advisable to have all your assets in one place, and this means having a wallet that can hold all the assets in one place. Such a wallet should support many crypto assets. In this guide, we highlight the best crypto wallets you can use for this.
Trust Wallet
Trust wallet is a typical wallet for altcoin investors for several reasons. First, it supports millions of assets from over 100 blockchains. This is the primary thing to look out for when choosing a wallet if you’re an altcoin investor.
With such a large number of supported assets, you can easily invest in as many altcoins as you want and also swap them easily from one asset to another. Another thing is that you can also stake assets on this wallet out of the millions.
If you’re interested in non-fungible tokens (NFTs) as well, the wallet also offers a bonus feature that allows you to buy and hold NFTs within the wallet.
Ledger Wallets
Ledger wallets are hardware wallets made and sold by security company Ledger. The reason they are all included here is because all of them support over 5,000 crypto assets. This makes them a good option for altcoin investors who wish to diversify their crypto investments.
Being hardware wallets, they also offer the highest level of security to your portfolio, and this is what most investors need who only buy and hold assets. The wallets also support NFTs and can be used with other software wallets such as Trust wallet.
The most advanced of them is Ledger Nano X which has Bluetooth connectivity that enables users to access the wallet using their mobile phones.
Atomic Wallet
Atomic wallet is another great option when it comes to wallets for altcoins. It supports over 1,000 crypto assets, giving most investors sufficient variety to work with as far as investing is concerned.
You can also use this wallet with the Ledger hardware wallets mentioned earlier, so it is a versatile option to use. Atomic wallet supports crypto staking as well, so you can stake the supported assets out of the ones you have in order to earn passive income.
The wallet is supported on all major desktop operating systems as well as Android and iOS mobile devices. You can therefore use it whenever you want and on the go wherever you are and whatever you’re doing.
Metamask
Metamask is a browser extension crypto wallet that was originally built for interacting with the Ethereum blockchain. It has however extended its coverage to include Binance Smart Chain (BSC).
This means that the wallet now supports all assets supported on both blockchains, which means there are hundreds thousands of assets available. This makes it an interesting choice for investing in altcoins.
One thing that sets Meatmask apart is its usability in terms of interacting with decentralized applications on the two major blockchain networks. Of course, you can also use it as a regular investing wallet, since it is non-custodial and with high security.
MyEtherWallet (MEW)
MyEtherWallet (MEW) is a software wallet for only Ethereum tokens as the name suggests. However since Ethereum is the blockchain that supports two-third of the tokens in the entire industry, the wallet supports quite a lot of assets.
You’ll find this particularly suitable if you’re a huge fan of Ethereum. It is a non-custodial wallet that works with both mobile devices and desktops, making it a versatile one to use as well.
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