Simple Guide to the Best Monero Wallets in 2024
The crypto world is changing every day and numerous tools and features are either added or adjusted. One bright example influenced by that dynamic is the crypto wallet. The best Monero (XMR) clients are used all over the globe. They comply perfectly with the open-source character of the network and focus on privacy and security. This article will help with finding the best XMR wallet tailored for your crypto needs. The wallets are divided by several criteria like OS compatibility, type and supported assets. What is more, you can read Monero wallet reviews and compare each wallet with its competitors, so that you can make an accurate decision.
01.The Best Monero Wallets
Here you will see a detailed list of the best Monero wallets. The table is based on the safety level of your coins and is separated into sections. Each of them answers a major question like can the wallet be used with other coins, which operating system supports it, the type and so on. Everything is put in a nutshell, so it reaches you fast and easy. Here is the structured outline of the best XMR clients, backed up by full wallet reviews. Either go directly to the download page or first read the detailed information.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Monero Core Review |
XMR only |
– Official Monero Wallet – Full Control over Transaction fees |
Download | |
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – SegWit Support – Open-source |
See Pricing | |
| Mobile Wallets | Full Edge Review |
20+ Coins 1000+ Tokens |
– SegWit Support – Built-in Exchange – Built-in Marketplace |
Download | |
| Full Monerujo Review |
XMR Only |
– Hierarchical Deterministic – Open Source – QR Code Scanning |
Download | ||
| Web Wallets | Full MyMonero Review |
XMR Only |
– Recommend by Monero Team – Scan QR codes |
Visit Website |
Complete List of Monero Wallets
The full list of Monero wallets is an interesting piece of information. That is why the next table contains all of them structured in an alphabetical order. There you will spot great proposals uniting key features. What is more, its main purpose is to provide the exact pieces of data, necessary for making the proper decision. Every choice is enriched by a complete XMR wallet review.
| Name | Type | Compatibility | Supported Coins | Security | Features |
|---|---|---|---|---|---|
| Monero Core Client | Desktop |
XMR Only |
Passphrase |
– Official Monero Wallet – Full Control over Transaction fees |
|
| Atomic | Desktop |
30+ Coins 1000+ Tokens |
Passphrase |
– Atomic Swap – Fiat Gateway |
|
| Cake Wallet | Mobile |
XMR Only |
Passphrase, Pin, Fingerprint, Face ID |
– Hierarchical Deterministic – Simple interface |
|
| Circle Invest | Mobile |
11 Coins 3 Tokens |
Pin, Fingerprint |
– SegWit Support – Fiat Gateway |
|
| CoinPayments | Mobile |
80+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint |
– Fiat Gateway – SegWit Support – PayByName feature |
|
| CoinSpot | Web |
60+ Coins 60+ Tokens |
Passphrase |
– SegWit Support – Fiat Gateway – Built-in Exchange |
|
| Edge | Mobile |
20+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint, 2FA |
– SegWit Support – Built-in Exchange – Built-in Marketplace |
|
| Guarda | Desktop, Mobile, Web |
40+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint |
– Built-in Exchange – Fiat Gateway – Built-in Asset Swap |
|
| Ledger Nano S | Hardware |
80+ Coins 1100+ Tokens |
Passphrase, Pin, 2FA |
– HD Wallet – SegWit Support – Open-source |
|
| Ledger Nano X | Hardware |
80+ Coins 1100+ Tokens |
Passphrase, Pin, 2FA |
– HD Wallet – SegWit Support – Open-source |
This table is useful for every type of crypto enthusiast. It provides many opportunities and alternatives for diversity of wallet types. Let me share some light on the matter. For those of you in favor of daily assets transfers of small to average sums, the mobile wallets are a great choice. In case you want to operate with more than one coin, multi-asset agents are the perfect match. Everything you see in the Monero wallets tables will be explained in the next paragraphs.
02. Common Features of Monero Wallets
Every digital footprint is best done with a high level of security. Monero helps its clients in such aspects thanks to the private network it runs. But how? Basically, all transactions are private and untraceable. XMR uses a public ledger, looking a bit blurry and confusing for any observer outside the coin network. This public ledger enables transactions, but the source, amount or destination stay private. Some wallets comply with security through features like multisignature and 2FA.
Security and Privacy
Every online move you make can attract people, who are aiming for your digital wealth. That is why wallets are developed in such a way, that combined with the network’s characteristics, they provide a safe environment for actions. There are numerous ways to hide your sending and receiving addresses, the amount you transfer and so on. With XMR wallets you can even check the code for suspicious parts, thanks to the open source feature (e.g. Guarda, Edge). You better stay informed on the current blockchain situation together with every update and additional feature. See what else boosts the security on a next level. Here are the most common factors:
Disclose Information
As Monero is a fully private coin, every transaction on its network is private. What is more, no matter the wallet you use, no information is available for 3rd parties.
Hierarchical Deterministic (HD)
Creates all key pairs from a single starting point known as a seed. More and more XMR Wallets are implementing this feature and soon it will be a must for all.
Two-Factor Authentication
A big share of Monero wallets have this extra security layer. It requests the users to fulfill additional information every time they want to perform an action using the wallet. Great examples are Edge, Coinpayments and Multiwallet.
Secure Monero Wallets To Consider
Transaction Fee Management
When talking about crypto, every transaction is processed and written in the blockchain thanks to the miners. The saying “there is no free lunch” applies here with full power. The fee is the price you pay for their services. The amount can vary and can be even manually adjusted at some point. Pretty much the intensity of the network defines them, but aiming high will ensure faster actions. Here is a table showing which Monero wallets allow fee changes and how exactly:
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full Control | The wallet shows the recommended fees and you can adjust them manually | Edge, Ledger Nano S, Monero Core |
| Partial Control | These wallets allow you to adjust your transaction fees based on their “recommended” fees | Cake, Atomic |
| No Control | The fees are predetermined, and you can’t change anything manually | Most of the Exchanges have no fee control |
03.FAQ
-
Do I have to run a full node to keep a personal and an offline wallet?
No. In order to do that, simply pick any available light node out there.
-
Why does the Monero blockchain use so much RAM?
First of all, the privacy features in Monero increase the blockchain size, because the codebase is at an alpha stage right now. There is no compression of the blockchain data. Nonetheless, this is on top of the main priorities list of the development team. They aim for implementing a robust and scalable database platform.
04.About Monero
The history of Monero goes back to 2012 and Bytecoin, known as the first launch of real-life CryptoNote protocol implementation. It is both similar and different from the BTC layers of applications. Users had noticed, that many of the promises made by Bytecoin regarding this protocol were not really happening and about 80% of the coins using it were slowly created anyway. As it happens in the crypto sphere, when members don’t agree on the same thing, a fork occurs. The same happened with the BCN blockchain. It was forked and the new coin was named Bitmonero at first and later on renamed to Monero. In this blockchain, one new block was set to be mined for 2 min.
The people behind that fork are 7 developers. Five of them remain anonymous untill the present day. The other 2 are David Latapie and Riccardo Spagni aka “Fluffypony”. They are running a successful crowdfunded open source project.