Simple Guide to the Best VeChain Wallets in 2024
As opposed to many other wallet providers, VeChain wallet was mainly designed to serve through your mobile device and be accessible any time, perfect for daily activities. Thanks to the POA (Proof of Authority) consensus the rewards are distributed between the users with VTHO for each VET held, re-phrased that means that having VET generates VTHO every block (around 10 seconds). Being part of POA network means that you are not part of the consensus, you serve the purpose of “lightweight” node only. The storage of tokens is allowed but only those which are created under the VET platform, which excludes ERC20, NEP-5 and other tokens not native to that blockchain.
01.The Best VeChain Wallets
The bigger the industry grows, the wider the spectre of wallets where you can store Vechain. Instead of dwelling into the endless internet space seeking for answers, I will suggest you keep reading because I have prepared them already for you. I am planning to begin with those which I categorized as “Best VeChain wallets”. I will be straightforward with you, the wallet is something that you cannot go without. Its main purpose is to help you store, send or receive digital assets. Each wallet comes with its own features and they are the key to the equation. Some people prefer strong security, others bet on the accessibility and the chance to use it on a daily basis or just to keep and increase their savings. With which one you go is your decision and it must be based on your needs and plans for usage.
I intend to give you an idea of the most common features of the wallets and of course to show you those with significant value. But before that, I need you to think over several questions: When and how you intend to use it, and if there are other cryptocurrencies that you would like to keep with the same wallet. The answers will help you to determine which wallet type and brand suit you best. My simple advice, if you are planning to use it regularly pick a wallet with easy access and never store serious amounts of coins there. Otherwise, for larger sums, use hardware wallets or others with strong security protocols. And at last, consider how often you will withdraw assets because some VET wallet got higher thresholds.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Sync Review |
VET and VIP Tokens |
-HD Wallet -Ledger Support -dApp Support |
Download | |
| Full Atomic Wallet Review |
30+ Coins 1000+ Tokens |
-HD Wallet -Atomic Swap -Fiat Gateway |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
-HD Wallet -Custom Fees -Open-source |
See Pricing | |
| Mobile Wallets | Full VeChainThor Review |
VET Coin VIP Tokens |
-HD Wallet -dApp Support -Node Marketplace |
Download | |
| Full Trust Wallet Review |
35+ Coins 1000+ Tokens |
-HD Wallet -Built-in Decentralized Exchange -Fiat Gateway |
Download | ||
| Web Wallets | Full Comet Review |
VET VTHO |
-HD Wallet -Marketplace |
Visit Website | |
| Full Arkane Review |
8 Coins 1000+ Tokens |
-HD Wallet -Built-in Asset Swaps |
Visit Website |
Complete List of VeChain Wallets
| Name | Type | Compatibility | Supported Coins | Security | Key Features |
|---|---|---|---|---|---|
| sync | Desktop |
VET VIP Tokens |
Passphrase |
-HD Wallet -Ledger Support -dApp Support |
|
| Atomic | Mobile, Desktop |
30+ Coins 1000+ Tokens |
Passphrase |
-HD Wallet -Atomic Swap -Fiat Gateway |
|
| Cobo | Mobile |
30 Coins 1000+ Tokens |
Passphrase Pin |
-HD Wallet -dApp Support -Built-in Exchange |
|
| Crypto Key Stack Hardware Wallet | Hardware | – |
1000+ Coins |
– |
-HD Wallet -Cold Storage -Fireproof, Waterproof, EMP Proof |
| Guarda | Desktop, Mobile, Web |
40+ Coins 1000+ Tokens |
Passphrase Fingerprint |
-Built-in Exchange -Fiat Gateway -Built-in Asset Swap |
|
| Ledger Nano S | Hardware |
80+ Coins 1000+ Tokens |
Passphrase Pin 2FA |
-HD Wallet -Open-source |
|
| Ledger Nano X | Hardware |
80+ Coins 1000+ Tokens |
Passphrase Pin 2FA |
-HD Wallet -Open-source -Bluetooth Connectivity |
|
| VeChain Thor | Mobile |
VET VIP Tokens |
Pin Fingerprint |
-HD Wallet -dApp Support -Node Marketplace |
|
| Trust Wallet | Desktop, Mobile |
35+ Coins 1000+ Tokens |
Pin Fingerprint |
-HD Wallet -Built-In Decentralized Exchange -Fiat Gateway |
02. Common Features of VeChain Wallets
I prefer to start with those which are commonly recognized and of course, the first one is the 2-factor-Authentication. One super small and useful tool, which is sending a code of 6-12 digits to your phone everytime you try to log into your account. Another functionality popular enough is the HD wallet (Hierarchical Deterministic wallet) and the support of the native to the VeChain token VTHO. In addition to everything mentioned so far, you can find brands offering “touch ID” or “passphrases” included in the features of many VeChain wallets.
Security and Privacy
Because of the constantly growing demands of the users, the security is constantly under development and improvement. Apart from the below mentioned HD wallets, 2FA and Passphrase there are several more features typical for VeChain wallets. They are Open-Source-Code, which literally means that any user can review the code, suggest changes or participate in the development process. Generally, VeChain emphasizes the idea of mass adoption and the opportunity to use crypto in your day-to-day actions, without revealing or exposing any personal data.
Hierarchical Deterministic
Most of the wallets support HD, which means they can create a backup combination of words and digits called “seed” used to restore the control of your wallet in case of lost password or security breaches
Passphrase
This feature provides additional passphrase each time you need to send any assets.
Secure Vechain Wallets to Consider
Transaction Fee Management
This is also something quite important and I want to draw your attention to it. The fee control is something useful, with VET wallets you got 2 options. You can either choose between the recommended fees with the privilege to adjust them manually or the second opportunity is to use the predetermined fees which cannot be changed at all. Be advised, the majority of the VeChain wallets work with without any optional control but Sync and VeChainThor is are an exception and you can choose the fees or change them on your own.
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full Control | These types of wallets allow you to manually adjust your transaction fees. | Sync, VeChainThor |
| No Control | These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. | Trust Wallet, Guarda Wallet |
03.FAQ
-
Why did the team chose to have an official mobile wallet, but not an official desktop wallet?
That’s because the project is oriented strongly to the mass daily usage and they consider mobile phones more practically useful in that situation
-
Why am I generating VTHO?
VET generates VTHO, which is the “gas token” equivalent in the VeChain network. To perform transactions, you need VTHO, indeed you can use VET for the same purpose, but it will be more expensive.
-
How many VTHO am I generating per day?
The proportion is 0.000432 VTHO per VET, per day.
04.About VeChain
The VeChainThor blockchain is a result of a long and thorough development process which is still continuous since 2015. After several years, they were able to fix many problems and integrate the different business into the platform. The team behind the project is amazing and its consisted of pretty much more than 50 people, while CEO is Sunny Lu. A bit of his background, he graduated from Shanghai Jiao Tong University with Electronics and Communication Engineering. He was an executive IT officer in Fortune 500 companies for about 13 years since 2015 he is concentrated only over his own project VeChain. The idea was to build an ecosystem platform supporting businesses and providing transparent information flow, better efficiency, high-speed transfers. The VeChain blockchain provides the perfect environment with proper governance and constantly growing community. Also, I cannot miss mentioning the POA (Proof of Authority) consensus, the blockchain itself has 101 authority nodes which operate under the influence of the development team. All types of nodes, disregarding the owner (institutions or private customers) they must all meet the KYC requirement, security standards, and hardware.