In today’s article, we will be looking at some of the best Tezos wallets you should try this year. Make sure that the wallet you select meets all the necessary criteria.
Tezos is a blockchain platform which enables smart contract deployment and development, relying on a self-government protocol. This dApp platform is different from others because the stakeholders make all the network decisions through a voting system.
Things to consider before choosing an XTZ wallet
If you are interested in purchasing XTZ coins, or Tezzies as they are called, then there are a few elements that you should take into consideration:
Currency support– The first thing you have to look for is a wallet that offers support for XTZ. There are currently few wallet options that store the coin.
Multiple altcoin support– Depending on what kind of portfolio you want, you can opt for a wallet that supports just XTZ or for one that supports multiple cryptocurrencies.
Security– Verify if the wallet you’re interested in keeps private keys, has 2-factor authentication, solid encryption, and a backup system.
TezBox was the first wallet designed for Tezos that had a graphical user interface. It was launched when the project was in its ICO sale by a developer that was from the Tezos community. TezBox has an easy to navigate interface, being compatible with computers running on Windows and Mac systems. A wallet for Linux-operated computers is also in development.
A Chrome extension is also available for the wallet, and there are currently being developed Android and iOS versions.
TezBox boasts integrated support for both Trezor and Ledger hardware wallets, although Tezos support is not mentioned on Leger’s website. Trezor does this, suggesting that maybe Tezos is better supported on their device.
The online wallet stores the public and private keys on the user’s device.
What makes Guarda one of the best Tezos wallets is its almost universal token coverage.
In addition to top-tier cryptos such as Bitcoin, Ethereum, and Ripple, it also supports a wide variety of ERC 20 tokens, as well as Tezos coins.
Also, the wallet facilitates token purchases with fiat via your credit card, which saves time and money as you do not have to change exchanges
Guarda is compatible with almost every major platform, be it desktop or mobile. You can also not download any app and just use the online Web Wallet from your browser.
Your wallet data or private keys always remain on your device’s secure memory and deletes itself upon logging out of the wallet.
But one of the handiest features of Guarda is probably its built-in crypto exchange service where you can exchange coins right in the app.
Galleon Tezos Wallet (Tezori)
Galleon is a software wallet for storing Tezos. A deployment of Tezori, an open source wallet infrastructure for the Tezos blockchain, Galleon is supported on hardware and software wallets and is available in eight different languages. The wallet is compatible with computers running on Mac, Windows, and Linux systems.
Tezos CLI Wallet
The CLI wallet is for users that have some coding knowledge as it requires the use of command lines. Tezos has listed it on its website and has been audited by an independent external security auditor. As the wallet needs some degree of command line experience, it can be rather difficult to use by most users.
Kukai Tezos Wallet
Kukai is a web-based open-source wallet that enables users to store XTZ. Users are able to generate a brand new wallet or import an existing one via the use of a mnemonic seed code or a .tez file.
The wallet features a simple website in terms of design and is generally well-regarded by the Tezos community. It directly syncs with the Tezos network, allowing you to send or receive XTZ easily.
The wallet features the ability to sign transactions offline, which means that your keys are kept safe from online threats. Once the wallet reconnects again to the internet, the transaction you signed offline can be then broadcasted over the network.
The Tezos.Blue is a lite wallet for mobile users, which is supported on Android and Windows 10. The apps for the wallet can be downloaded from Google Play and the Microsoft Store respectively.
iOS users can also use the wallet but it is only available at the Apple Test Flight program. Apple did not reveal when will the app be integrated into its App Store.
Even though it was designed to be a lightweight wallet, it doesn’t compromise security. It benefits from the operating system’s own protection by being a native app, in addition to having your private keys encrypted on multiple levels.
The Tezos Blue is regarded as being a functional wallet, but it seems that the development team behind it has not released any updates for the past year.
WeTez was developed by a company headquartered in China, being among the first ones to create a mobile wallet intended for XTZ storage and transactions.
The mobile wallet is supported on smartphones incorporating Android and iOS systems, while its software has been integrated with the Tezos device. The wallet enables users to send, receive, and stake tokens for XTZ rewards.
Trezor Model T Wallet
The Trezor T is the newest model of Trezor and the only one which has added support for Tezos and its token named XTZ. This hardware wallet supports all other major cryptos in addition to a wide list of altcoins.
This small device secures your funds through a PIN seed, advanced encryption, manual transaction verification, and 2-factor authentication. The Trezor is backed by an active development team that constantly release updates and enhancements.
With this, we conclude our list with some of the best options for storing Tezos coins. Make sure that the wallet you select meets all the necessary criteria so that it ensures safe storage of your XTZ.