Elrond, now known as MultiverseX is a Layer 1 blockchain network created for high scalability, interoperability, and high throughput.
It was therefore intended to offer better performance than other decentralized networks launched before it.Like other web3 projects, the project also supports non-fungible tokens (NFTs), games, and decentralized applications.
Because of its high efficiency which makes it a great proof-of-stake network, the network is also quite popular among developers.
Though the network has been renamed from Elrond to MultiverseX, the native token, EGLD, remains the same. If you’re looking for a crypto token to buy, this is one you should consider, and the following are the best wallets you can use for it.
Trust Wallet
Trust wallet is a trusted crypto wallet as the name implies. It is reputed for supporting millions of crypto assets from over 100 blockchains. You can use the wallet on your mobile devices both Android and iOS, as well as using major web browsers since it is also available as a web browser.
If EGLD isn’t supported on the wallet by default, you can add it to the wallet manually and start sending, receiving and swapping the tokens. In addition, Trust wallet supports other features such as staking, NFTs, and a dapp browser.
As a non-custodial wallet, you get to manage your EGLD and other assets yourself with no external influence whatsoever.
Elrond Web Wallet
Elrond Web Wallet is the native wallet for the MultiverseX ecosystem. It supports EGLD and every other token supported by the MultiverseX network. You can use it to buy, store, send, and receive these tokens safely and conveniently.
The wallet is available on both desktop and mobile devices, which means you can even synchronize them in order to easily operate the wallet across devices. You can also use the wallet to store collectibles such as NFTs, and connect to apps on the MultiverseX blockchain.
It also affords users the opportunity to stake their tokens for rewards, which is a great way to earn passive income with your portfolio.
Exodus Wallet
Exodus is a popular wallet known for its fame in the web3 ecosystem. The wallet recently integrated with the Elrond network, giving its users direct access to EGLD tokens. Like other web3 wallets, Exodus allows users to buy and hold NFTs, as well as stake tokens to earn staking rewards.
You can also use it to connect to your portfolio on hardware wallets such as Ledger and Trezor wallets. The wallet is available for both desktop and mobile devices, making it a truly multi platform wallet.
There are over 350 other crypto assets listed on this wallet, which you can easily swap your EGLD tokens for and vice versa.
Ledger Nano X
For those who wish to buy and hold large amounts of EGLD, it is recommended that you use a hardware cold wallet. We recommend Ledger Nano X, because of its advanced design. It is the only Ledger hardware wallet that supports Bluetooth connectivity, which allows you to connect the wallet to your mobile device seamlessly.
The wallet also supports over 5,000 other crypto assets, which gives you a lot of choices if you wish to swap your EGLD tokens for something else. Being a hardware wallet, Ledger Nano X offers the highest level of security to your portfolio.
SafePal
SafePal is a versatile crypto wallet offering both cold and hot wallets at the same time, and is one of those wallets supporting EGLD. The wallet can be used on mobile devices as a mobile app, and also as a browser extension on Chrome and other browsers.
On top of that, it has a hardware version which provides cold storage for your crypto assets. The wallets also give users several opportunities to earn passive income on their crypto portfolios.
SafePal also gives you access to cross-chain compatibility, allowing you to buy, sell, and trade assets and NFTs across several blockchains within a single wallet.
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