5 Best Crypto Wallets in UAE

Cryptocurrency wallets offer the users a digital solution to securely store and manage blockchain assets & cryptocurrencies. Users can send, receive and trade cryptocurrencies by using crypto-wallets. So, this article will help you to know about the best five crypto wallets in UAE.

Summary: Best Crypto Wallets in UAE What are Crypto Wallets?

A crypto wallet is defined as a physical medium, device, program, or service that stores the public/ private keys for transactions of cryptocurrencies. For instance, a user buys a bitcoin. However, since bitcoins have no physical form, how will the users securely keep those bitcoins? Therefore, a crypto wallet will help in storing cryptocurrencies and digital crypto assets.

Types of Best Crypto Wallets in UAE

There are different types of cryptocurrency wallets. But there are two most common wallets which are mentioned below:

Hardware Wallet

Hardware wallets are physical devices used for storing cryptocurrencies. These wallets do not connect to internet-run applications. Instead, they keep your funds safe from attackers by storing your private keys in offline mode.

Types of Bitcoin Wallets Software Wallets

In contrast to hardware wallets, software wallets are non-physical programs that are downloaded on computers. Moreover, these wallets are encrypted and you own your private keys; however, completely offline hardware wallets should be preferred while storing a great number of crypto assets.

1st Best Crypto Wallets in UAE Ledger: Hardware Wallet

Ledger wallets are one of the most popular hardware cryptocurrency wallets with more than three million+ sales and are also considered to be the best Crypto Wallets in UAE. It is made by Ledger, a company headquartered in Paris. With Ledger, you can store, secure, and manage over 1800+ crypto assets. Moreover, Ledger securely keeps the user’s private keys and offers isolation between devices and private keys.

In addition to all of that, you can also earn a passive income on your crypto assets directly through your hardware wallet. Ledger supports staking and also trading your assets directly through the Ledger Live mobile app.

Get Ledger NanoX Now Ledger 2nd Best Crypto Wallets in UAE Trezor: Hardware Wallet

Trezor wallet allows you to store, send and receive your cryptocurrencies safely. It was released in 2014 by a company named SatoshiLabs, located in the Czech Republic. Also, Trezor offers two wallets, and both of them inherit the top security features. To conclude, a Trezor wallet is a larger device when compared to a ledger wallet.

Get Your Trezor Wallet Now! Trezor

Also, read Ledger Nano S vs Trezor one vs Trezor T vs Ledger Nano X

3rd Best Crypto Wallets in UAE Metamask: Software Wallet

MetaMask is a browser-based plugin that acts as a wallet and allows users to connect with blockchain networks like Ethereum via a browser (Also have mobile apps). Moreover, via MetaMask, users can also interact with Ethereum Dapps. What sets Metamask apart from other digital wallets is its encryption capabilities. Additionally, passwords and private keys are stored securely, with the user only needing to manage their independent seed phrase.

Install Metamask Now! Metamask

Also, read Set up MetaMask for Binance Smart Chain

4th Best Crypto Wallets in UAE Trust wallet: Software Wallet

Trust Wallet is a mobile-based, open-source, and multi-coin cryptocurrency wallet. Also,  Binance had made Trust Wallet its officially recommended wallet application and has absorbed some of Binance’s technology. Further, the trust wallet is effortless to use, and it’s very user-friendly, especially to non-tech-savvy users. Currently, over 5 million people are using the Trust Wallet worldwide.

Download Trust wallet Now! Best Crypto Wallets in UAE: Trust wallet 5th Best Crypto Wallets in UAE Coinbase: Software Wallet

The Coinbase Wallet app allows users to store and secure their crypto assets. You do not require an account on Coinbase to use the Coinbase Wallet app. Moreover, Coinbase Wallet helps users manage their private keys and store their crypto assets directly on their devices without a crypto exchange. Further, You cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies. Also, the most amazing part is you can download and use Coinbase Wallet anywhere in the world.

Furthermore, the wallet is completely free to use and does not store your private keys. Coinbase is the biggest regulated trading platform in the USA, and hence you won’t be facing any security issues. You can learn more about the platform from our Coinbase review.

Get Coinbase wallet Now! Coinbase wallet Conclusion: Best Crypto Wallets in UAE

While choosing a crypto wallet, you should always look forward to the reviews of that wallet. A high-quality and secured wallet is a must to protect your crypto assets. Therefore, your crypto wallets are as safe as your devices. So, take every necessary precaution to secure your password and always store them. Unfortunately, if you lose your password, then your crypto assets are also at risk of loss. You can go with the Coinbase wallet as it has the trust of hundreds of thousands of Americans. Or you can choose the Ledger Hardware wallet, as it is the safest hardware wallet on the planet.

Ledger Coinbase wallet Frequently Asked Questions Is my Ledger device genuine?

A few simple checks can assure you that whether your device is a genuine Ledger product or not:
Origin of the Ledger product
Box contents
Condition of the recovery sheet
The initial state of the Ledger device

Is it possible to switch from my existing wallet app like Metamask, MyEtherWallet, etc., to Coinbase wallet?

Yes, it is possible. Each and every wallet makes use of a private key to secure its assets which you can easily import into the Coinbase Wallet. So you just need to look for the 12-word recovery phrase in the settings menu of your current wallet and then use that exact 12-word phrase to sign into Coinbase Wallet.

How do I install Metamask?

Go to Metamask and select from Android or iOs for mobile applications and select chrome for desktop. You can also go directly to Chrome, Google Play, or Apple App Store(Soon).

Is Trezor a good wallet?

Yes, Trezor is a reliable and trustworthy wallet in the cryptocurrency world. It is a well-known hardware wallet that serves high security and is being used by more than 1 million crypto users globally.

Also, read

• What is Multi-Signature Wallet? 5 Best Multisig Wallets [2021]
• Ngrave vs Trezor 2021: Which is the best hardware wallet for you?
• An ultimate guide to Bitcoin Paper Wallet
• Best Crypto Wallets [2021]
• BitBox02 Review 2021 | Your Swiss Bitcoin Hardware Wallet