Juliet BSo whether we like it or not Cardano (ADA), it is one of the best-known cryptos on the market. For a long time, it was the only ethereum killer really serious. Since then, many other cryptos have appeared on the market like Solana, Algorand, etc. However, Cardano due to its history and technology, remains for many one of the most promising cryptos there is.
In terms of market capitalization, the ADA crypto (₳) is in 2022, in 7th place. The Cardanao network ecosystem is still growing. We now find ever more applications and even metaverse on cardano.
So here we will focus on the cardano wallets that you can use.
Why do you need a wallet suitable for Cardano?
Have a good crypto wallet, is to ensure the security of your tokens. It is also with your wallet that you will be able to interact properly on Dapps and DEXs.
As for the interest in having and using a decentralized wallet, it is mainly for the fact that you are the master of your capital. Centralized exchanges can have flaws, as you know. As they say, "Trust No One".
A Cardano wallet is a wallet that allows you to send, receive, hold and manage your accounting tokens on the Cardano network.
You will thus be able to interact with decentralized applications and use protocols developed on the network. In fact, having a cardano wallet is essential for a pro-cardano user.
In addition, you will also be able to manage your non-fungible tokens which are called on the cardano network: cNFT. You can also see marketplaces for NFTs on Cardano. Some wallets have built-in exchanges so you can also buy or trade ADA.
What type of cardano wallet to choose?
There are several types of wallets. Depending on your use and your means, you will have to choose a wallet that suits you. It is also very likely that you have several types of cardano wallets.
There are many wallets out there. Basically, you have the choice between “hot” (online) wallets and cold (offline), hardware wallets.
There are also wallets that are suitable for mobile, desktop or used as a browser extension.
physical wallets
Among the cold wallets, we find hardware wallets. These are, for example, the portfolios of Ledger or those of Trezor for example. These are the most secure wallets available. Indeed, computers/mobiles and tablets are susceptible to hacking and malware. Moving your tokens to a hardware wallet will protect you more effectively.
What is very practical about the Ledger is that it is very complete. You can trade, buy and even stake on Ledger.
However, they will prevent daily use because they require additional handling. In general, they are used for hodling (keeping your cryptos for a medium/long period).
Desktop and mobile wallets
Desktop wallets are very numerous and are also more secure. It's software that you install on your computer like any other software, in fact.
Among office software, we find the Daedalus wallet for example.
On mobile, having a wallet is also practical if you use the applications on mobile as well. Generally, for payments, this is much more convenient. You will have QR Codes for example which will be easier to use.
Browser extension wallets
Browser extension wallets are easy to install and use. This is done on Chrome, Firefox or other browsers. This is the most used option because they are simple wallets to download.
They are more prone to virus and hacking threats. Be aware of this.
Among the extension wallets, we find Yoroi which is certainly one of the best known and lightest. Similarly, CCvault wallet and Nami are the widely used wallets as well.
To use Dapps (like sundaeswap for example) you can use these wallets.
Which Cardano wallets should I use for staking Cardano?
In fact, most native Cardano wallets can be used for staking ADA. This is also why we like having native wallets. This is particularly true with networks that operate with the proof of stake mechanism.
Daedalus, Yoroi, CCVault, Nami wallet and GeroWallet wallets are cardano wallets that you can use for staking right now. You can also use it to participate in network governance. Furthermore, here you can see the list of Cardano pools to which you can delegate your ADA.
(We are preparing a future, more complete article on Cardano staking)
The Daedalus Wallet (desktop)
Daedalus is the most used desktop cardano wallet. It can be installed on Windows, Mac and Linux. You can easily manage your network-compatible tokens Cardano. It should be taken into account that desktop wallets can be "heavy" in terms of weight on your hard drive. Indeed, you will then have to download the complete blockchain. This is not possible for everyone….
Daedalus works perfectly with hardware wallets Ledger Nano
It will take you about 30 minutes to install it (or more), sync it and start using it.
What you can do with the Daedalus wallet:
- Compatibility with a hardware wallet like Ledger.
- Possibility of staking ADA
- Vote on network proposals
- Manage all Cardano blockchain tokens, native assets and Cardano NFTs
- You can create multiple wallets in Daedalus to facilitate your asset management
The Yoroi Wallet (browser extension, mobile)
The Yoroi wallet is the wallet that led to the adoption of Cardano. Yoroi is the light version of Daedalus. It is the equivalent of the wallet Metamask, in a way.
It is very easy to use and install. It can be used on mobile phones running Android and iOS. It can also be used as an extension on Chrome and Firefox browsers.
Unlike desktop wallets, you won't have to download the full blockchain. This makes installation very quick.
What you can do with the Yoroi wallet:
- Hardware wallet compatibility
- Manage all Cardano blockchain tokens, native assets and Cardano NFTs
- Staking on Cardano
- Vote on network proposals
- Fast and easy to install
Nami Wallet (browser extension)
Nami Wallet is a browser extension wallet. Can be used on Chrome, Edge, Brave browsers.
You can only stake and delegate ADA to the Nami Wallet creators' staking pool, the Berry Pool. This allows you to generate 5% interest per year.
You can also connect it to a Ledge walletr. Nami Wallet is also able to connect to DApps on Cardano and even collect NFTs on Cardano. Due to its simplicity, it remains an extremely easy to use wallet.
CCvault is today called Eternal. is a web wallet with browser extension, “built by community members for the entire Cardano community”. It is actually a wallet for more experienced profiles.
You can manage ADA, connect it to a hardware wallet, Ledger Nano X/S. You can manage all Cardano tokens, native assets and NFTs.
- Manage all Cardano blockchain tokens, native assets and Cardano NFTs
- CCVault is able to connect to Cardano DApps like DEXs, NFT marketplaces
- Voting on proposals
- Greater opportunity for developers
GeroWallet (browser extension)
GeroWallet tends to become ever more functional and popular with Cardano users. You can use it as a browser extension wallet. On it, you can store your native tokens of the Cardano network as well as the cNFT.
Very easy to use, you can use it on DApps, DEXs and any other platform on the network. Moreover, the wallet has launched its own token: GERO. You can easily get them on platforms like Sundaeswap.
Final Word on Cardano Wallets
We have just seen the (non-exhaustive) list of the best cardano wallets on the market. As we indicated, these are wallets for serious use of cardano. However, you must first purchase ADA.
It is a crypto that is found on almost all exchange platforms. You can buy them on Binance, Kucoin or any platform of your choice.
Once you buy some, you can then send your ADA to your decentralized wallets. From there, you can explore the Cardano ecosystem with ease.
Are you interested in the Cardano blockchain? Want to go further? Discover our articles:
- Understanding Cardano (ADA)
- The DEX Sundaeswap essential on Cardano
- The best marketplaces to buy NFTs on Cardano
- Discover Pavia, the metaverse on Cardano
- How does invest in crypto ADA?
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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