Staking is one of the hottest trends in the crypto world today. A user keeps their assets in a crypto wallet in order to participate in maintaining the operation of a PoS-based blockchain system. Both proof-of-stake and proof-of-work have the same goal, namely reaching consensus and rewarding participation.
If you participate in staking, you should know about wallets with multiple currencies and their advantages. In this article, we list the seven best staking wallets that can accommodate more than one cryptocurrency.
Benefits of a multi-coin staking wallet
A wallet with multiple cryptocurrencies provides more flexibility and usability in your staking portfolio with multiple assets. You can use, process and save multiple tokens via a uniform interface.
Multi-coin staking wallets relieve the user of the hassle of managing and keeping track of staking rewards and passive income streams from multiple wallets. They are of great help for internal bookkeeping and tracking of the rewards received.
If holding a certain cryptocurrency makes more sense, a multi-coin wallet makes it easier to take advantage of the benefits and to be flexible in day-to-day operations. It helps to take advantage of a diversified portfolio of cryptocurrencies.
Apart from these general advantages, the benefits of multi-coin wallets also vary from product to product. To understand the range of these benefits a user can take advantage of, let’s take a look at the features of the seven best multi-coin wallets in this article.
7 top staking wallets
7 images
Show slideshow
Keplr wallet
The Keplr Interchain wallet helps users explore the area of interoperable blockchains and their applications inside and outside the Cosmos ecosystem. Keplr supports: Cosmos, Kava, Secret Network, Akash, Starname, SifChain, CertiK, IRISnet, Regen, Sentinel, Cyber (beta) and Straightedge (beta). The advantages of the Keplr wallet are diverse. Any Cosmos SDK-based blockchain can be added via the web app. In addition, it offers instant wallet support for its Cosmos zone. Keplr is also the only Cosmos wallet that supports smart contract interactions with CosmWasm and Secret Contracts. However, Keplr’s key management is not limited to mnemonic seeds. It also supports Google logins, private key imports, and Ledger hardware wallets. Keplr is also highly customizable. Keplr is open source and any developer who needs a wallet for their own blockchain can easily fork and adapt it. Thus, Keplr is a great contribution to the Cosmos SDK blockchain ecosystem. In addition, Keplr supports non-standardized Cosmos transactions. Keplr is the ideal wallet for any Cosmos SDK blockchain. Staking, reward claiming, reinvesting can all be carried out via the same interface. However, Keplr does not provide an overview of all assets at the same time. With the Chrome extension, Kelpr offers an easy-to-use interface in the browser, similar to Metamask for Ethereum.
Citadel.one
Citadel.one supports multi-asset non-custodial staking with its all-in-one staking interface. Citadel’s One-Seed can also be used in Ledger, Trezor, Metamask and Keplr Wallet. In addition to the wallet interface, Citadel offers its own staking and validator services. To date, Citadel has secured more than $ 75 million in assets. The networks integrated into the Citadel wallet include: Band, Bitcoin, Cosmos, Ethereum, ICON, IOST, Secret and Tezos. However, any validator can still be used. Citadel also operates staking services for the networks of: Akash, Graph, IRISnet, Kava, Ki Foundation, Oasis, ORBS, Polkadot, Sentinel, Stafi, and Wanchain. However, one can assume that Citadel will sooner or later include these networks in its wallet interface. Citadel offers a once in a lifetime multi-network experience with an instant cryptocurrency exchange, fiat gateway, and bi-weekly staking rewards report. Citadel’s portfolio management features include a visualized balance sheet structure, notifications of eligible rewards, non-delegated assets, and unstaking periods. The Citadel.one mobile application is available in both the iOS App Store and the Google Play Store.
Atomic wallet
With the Atomic Wallet, credit can be used without incurring additional fees. Users receive rewards directly from the validators. Various assets are available for staking: Zilliqa, Cardano, Atomic Wallet Coins, ICON, Cosmos, Tezos, Tron, Band Protocol Neo, Komodo, Algorand and VeChain. The Atomic Wallet has several user-friendly features. Funds can be delegated directly to verified validators. You only pay the fees that are charged directly by the validators. There is no limit to the amount that can be wagered. You don’t need KYC compliance either. Coins can be released again at any time. The Atomic Wallet support team is available 24/7 via live chat and email. The Atomic Wallet offers a secure interface through which cryptocurrencies can be managed, exchanged, used and purchased. It is compatible with all leading operating systems including Windows, Mac, Ubuntu, Debian and Fedora. Users who participate in Atomic Wallet Staking will receive rewards directly from the validators. The wallet supports both mobile and desktop platforms. Since she is anonymous, you don’t have to take KYC and AML exams. To increase security, the wallet uses AES symmetrical encryption technology.
Guarda wallet
With the Guarda wallet, various possible uses and tokens can be used without any problems. The wallet is constantly expanding the list of supported assets. As of now, supported assets include Ethereum, CPU & NET EOS.IO, Harmony ONE, Cosmos, Tezos, Cardano, and many more. Most of the assets can be secured through the internet, PC and mobile phone. The Guarda Wallet can be downloaded from the Google Play Store, the iOS App Store or the Huawei App Gallery. Alternatively, the .apk file is also available for download. The wallet offers support for more than 45 blockchains. Users have full control over their private keys. Guarda also maintains an encrypted backup for additional security. No registration is required for use, and the wallet does not store any personal data of the user. Guarda’s open protocol Wallet Connect enables the wallet to be connected to dApps. All that has to be done is scan a QR code to connect. Regardless of which device is used to run the wallet, the transaction history is available on each device. Guarda also continuously synchronizes the transaction history on each device in order to protect the user from hacker attacks and cyber attacks.
Trust wallet
The assets that the Trust Wallet supports include Binance Coin, Tron, Tezos, Cosmos, VeChain, Callisto, Kava, TomoChain, IoTex and Algorand. The wallet will soon add more assets to its list. The Trust Wallet App is available in the iOS App Store and the Google Play Store. Alternatively, the .apk file can also be downloaded. With the Trust Wallet, cryptocurrencies can be bought with a credit card. There is no need to fill out any forms or upload selfies. The wallet does not collect any personal data and only the user can access the wallet. Trust has a browser for dApps so that users can continue to use their favorite dApps or discover new ones without having to leave their wallet. The Trust Wallet also has tracking functions that can be used to track charts and prices within the wallet. The portfolio management services also allow collectibles, art and NFT to be viewed in one place.
Sprout wallet
Sesameseed’s staking wallet offers both ledger and browser wallet options. It is delivered with a private key and a mnemonic seed. Sprout supports Harmony ONE, ICON, TRON and Ontology, among others. Sprout has also incorporated SEED rewards to create one of the most dynamic staking experiences, thus maximizing staking rewards. However, owning SEED is not a prerequisite for running Sprout. With SEED, however, users can access features such as auto-staking rewards, which enable higher earning potential immediately, or compounding rewards, which multiply earned rewards over time. Sprout is accessible and secure. It lowers entry barriers and empowers users with intuitive staking. The wallet is non-custodial and completely decentralized.
Ledger Live
The Ledger Live is the flagship of the famous Ledger hardware wallet. The wallet offers five assets for staking with support for Tezos, Tron, Cosmos, Algorand and Polkadot. The advantages of the wallet include its security features. Coins can be securely stored in the linked Ledger hardware wallet while enjoying ongoing rewards. Users can safely use up to five coins and receive rewards directly from Ledger Live. If you prefer, an external wallet can also be used. Users can delegate or nominate a selected group of validators within the wallet to generate rewards that are paid directly to the wallet. 27 coins and more than 1,500 tokens can be sent and received directly with the smartphone via Ledger Live. The swap features allow users to diversify their portfolio by swapping cryptocurrencies directly in Ledger Live. In this way, more than 50 different assets can be securely exchanged. In terms of security, Ledger Live is backed by perhaps the most trusted hardware wallets out there, offering some of the best security and full ownership for crypto assets. The app can be downloaded for both desktop and smartphone. The app is available in both the iOS App Store and the Google Play Store. Compatible operating systems for the PC include Windows 8+, macOS 10.10+ and Linux. However, you need the Ledger Hardware Wallet to get the best possible security and experience.
Shut down
Conclusion
Now the question arises, which multi-coin staking wallet should you choose? It depends on the type of currency you want to bet on. As we have already seen, different multi-coin wallets are compatible with different sets of assets.
In particular, the staking interface and the supported validators differ greatly between the various wallets. If you have several staking-capable tokens, it makes perfect sense to choose a reliable wallet from the slideshow above to make your life easier and to always keep a good overview of the rewards you have received. Security, recovery, and retrieval functions are also critical to many. Compare the features these wallets offer and choose the one that best suits your needs.
