The Best 5 Cardano Wallets to Use in 2024

Cardano is a top proof-of-work (PoS) blockchain network that is a top choice for building decentralized applications. 

Like any other PoS network, it supports non-fungible tokens and other applications as well. Holders of the native token, ADA can use it to pay for transaction fees, as well as stake on the network to secure it and are rewarded with more ADA for doing that. 

ADA also serves as a governance token for the network. This means those who hold it can vote for or against development proposals for the network. It is also a viable token for crypto investors looking for altcoins.

If you intend to use the Cardano network for anything or you just wish to invest in ADA, you need to have a good wallet for holding the token. The following are the best options to choose from for the best wallet for you.

Yoroi Wallet

Yoroi is a wallet designed specifically for Cardano. It is the ideal wallet for staking delegation, that is if you wish to participate in ADA staking through existing staking pools. The wallet is available as a mobile app for Android and iOS, and as a browser extension.

With this wallet, you don’t need to download the entire Cardano blockchain, which is what makes it a lightweight wallet. You can use it to stake ADA on any staking pool of your choice. It also supports Cardano NFTs and any tokens based on Cardano.

Being a non-custodial wallet, Yoroi gives the user full control over their portfolio and the wallet supports hardware wallets as well.

Daedalus

This is a full node Cardano wallet which was designed specifically for the Cardano blockchain. The wallet was developed by Cardano founder Charles Hoskinson himself. It offers high level of security as well as user autonomy, making it good for those who want to take charge of their wallets.

Being a full node wallet, Daedalus stores the entire Cardano blockchain so that you can easily verify transactions yourself. This can however be a setback for those who prefer lightweight wallets like Yoroi.

The wallet is currently only available for desktop devices, and is compatible with Windows, Linux, and MacOS.

Exodus Wallet

Exodus is a multi asset crypto wallet, unlike the first two which only support Cardano tokens. It supports over 350 assets from different blockchains, including ADA. Apart from buying, sending, and receiving ADA, the wallet also allows you to stake ADA.

You can use it with your desktop or with a mobile device, be it Android or iOS. The wallet is also non-custodial, which means you have full control over your portfolio with no third party interference. 

It is also compatible with hardware wallets like Ledger, so you can use it to access your assets on such hardware wallets.

Ledger Nano X

For those who are interested in cold wallets, Ledger Nano X is a top choice. It supports well over 5,000 crypto assets including ADA, and also supports NFTs. You can use it for cold storage, which offers the highest level of security.

The wallet also has support for Bluetooth connection, which makes it possible for you to connect it to your mobile device and not have to use a desktop. Like the other wallets, it is also non-custodial, giving users full control over their portfolios.

This one is ideal for anyone interested in holding ADA and other assets for long without using them regularly.

Trust Wallet

This is another trusted hot wallet. It is known for supporting millions of crypto assets from over 100 blockchains, including Cardano. The wallet is a top choice for web3 investors and is non-custodial, giving responsibility for their assets.

The wallet is available as a mobile app for Android and iOS devices, but is also available as a web browser extension. You can also use it to access your hardware wallets like Ledger and others.