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Best Monero Wallets

Monero has become one of the most popular cryptocurrencies due to its excellent privacy. Its website describes it as “secure, private, untraceable currency.”

With its price constantly rising as of late, many people are looking for ways to keep their XMR safe in secure storage.

Strangely enough:

Monero, despite being one of the most popular cryptocurrencies, is not supported by the two major hardware wallet companies:

TREZOR and Ledger.

Ledger claims that Monero is in its roadmap although it is currently not supported in current Ledger devices. TREZOR does not support Monero but may in the TREZOR 2 version coming soon.

Monero Web Wallet

MyMonero is the only web wallet for Monero. It is operated and owned by Riccardo Spagni, who is one of the lead Monero developers.

The wallet works like any account. You create an account and can login online to access your funds. MyMonero only encrypts your keys and stores the data on its servers. It cannot access your funds.

Monero Desktop Wallet

The best and only Monero desktop wallet is the official client which is a full node.

It can be downloaded from the official Monero website.

Frequently Asked Questions

Why are the wallet options for Monero so limited?

To be honest, we are not sure why. Monero is one of the most popular cryptocurrencies on the market, currently the 10th biggest coin by market cap.

We expect these hardware wallets to support Monero soon. We also expect more Android and iOS wallets for Monero to be released soon since Monero is rapidly gaining popularity, along with other privacy focused coins like Zcash.

So, what should I do for secure storage if there are no hardware wallets?

You can use moneroaddress.org to make a secure paper wallet. But, this should only be used by people who know what they are doing. It is very easy to mess up using this method.