Cardano is one of the most interesting cryptocurrency projects of our day, one with a currency that sits comfortably within CoinMarketCap’s top 10. Even though it didn’t receive the most spectacular welcome in the cryptosphere when it was first launched in 2015, Cardano is now regarded as one of the few candidates that could potentially steal Ethereum’s “crown.”
The project’s main focus is on scalability and sustainability, and it is arguably the first project to derive from a scientific philosophy. Since it has managed to grab a piece of the spotlight, investors have recently starting to pay more and more attention to it and its potential uses.
If you intend on supporting the project and on buying ADA, Cardano’s official token, then besides finding a good exchange, you should also look into finding a good wallet to deposit your funds.
To help you out, we’ve put together a list of the best Cardano-compatible wallets for 2018.
Daedalus Wallet (Desktop Wallet)
Nowadays, most serious cryptocurrency projects and platforms have their own, official, and bespoke crypto wallets, and Cardano is no exception. First on our list is Daedalus Wallet, the official wallet for the ADA cryptocurrency. It comes in the form of three desktop apps for Windows, macOS, and Linux.
The software is very straightforward, and it should allow even the most novice of users to receive and send ADA without much effort. As expected, it’s designed to keep your ADA coins as safe as possible via advanced cryptographic technologies. In terms of coin support, it’s worth mentioning that Daedalus Wallet is expected to offer support for Bitcoin (BTC) and Ether (ETH) in the near future.
Yoroi Wallet (Web Wallet)
For a bit more flexibility and user-accessibility, you can try Yoroi Wallet, an ultra-light web wallet. Developed by one of Cardano’s partner organizations, Emurgo, the wallet was recently released in October 2018.
The wallet comes in the form of a Google Chrome extension and can be downloaded directly from the Chrome Web Store. It’s designed to be secure, fast, and very intuitive. According to the wallet’s official website, the private keys are encrypted and never shared with their servers, or any third party provider. iOS and Android apps are expected to hit the market somewhere before the end of 2018. The team also plans to add support for more languages, support for other browsers, hardware wallet integration, and the possibility of exporting transactions to Excel.
Infinito Wallet (Mobile Wallet)
Infinito Wallet is a modern and lightweight mobile wallet for Android and iOS that offers support for all types of ERC-20 tokens, as well as BTC, ETH, BCH, EOS, and NEP-5 tokens. The most obvious advantage of this wallet is the fact that it provides a convenient way of accessing your ADA funds.
In terms of security, it’s important to note that all your private keys are fully encrypted, and the wallet also offers Touch ID support for extra security.
Trezor and Ledger Nano S (Hardware Wallet)
Both Trezor and Ledger Nano S are very popular hardware wallets. Even though Ledger Nano S has a slight edge over Trezor when it comes to sales, they are both very good picks for anyone heavily focused on security. They are also very good value for money, as they both offer support for over 500 coins and tokens. According to Trezor’s official website, the company plans to add support for ADA to its Model T wallet soon. The same goes for Ledger Nano S which is allegedly looking to add support for ADA somewhere before 2018 ends.
A good wallet should always keep your funds safe, all while putting you in complete control of them if need be. All the Cardano wallets on our list do a good job at that, but it’s worth mentioning that since Cardano is still a relatively young project, there’s still some development that might need to go in various wallets (Daedalus Wallet, for example) before they can be viewed as fully-reliable solutions.