This is why in this article, we will explore the 10 best crypto wallets for business in 2023. By the end of this article, you should have a good idea about which wallet is the best fit for your business.
Top 10 Best Crypto Wallets for Business
1. Coinbase Wallet
Coinbase is one of the most popular cryptocurrency wallets and is perfect for businesses. It allows you to buy, sell, store, and use cryptocurrencies. Coinbase also has a built-in exchange so you can convert your fiat currency into cryptocurrency.
With over 35 million users in over 100 countries, Coinbase is a trusted and secure platform. It operates as a custodian, meaning it holds your private keys on your behalf.
2. Tezro
Tezro is, without a doubt, the best crypto wallet for business. It is the most secure and user-friendly crypto wallet available today. Tezro also has a built-in exchange, so you can easily convert your fiat currency into cryptocurrency.
There is also a revolutionary chat system that allows you to easily connect in real-time with other users and a loan service that was added recently.
This non-custodial wallet boasts military-grade security, including SSL and two-factor authentication. Tezro is also one of the few wallets that allow you to hold multiple currencies.
3. Blockchain.com Wallet
This is one of the best crypto wallets for business. You can use it to make in-app purchases, store your coins, and even receive payments. The Blockchain.com is an easy to use and free crypto wallet, making it a great choice for businesses of all sizes.
There are multiple layers of security, including passcode and two-factor authentication. These features make the wallet one of the most secure non-custodial wallets in the market.
The Blockchain.com wallet also allows you to hold multiple currencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You can also use the wallet to buy and sell cryptocurrencies.
4. Zengo
As a business owner, you are constantly looking for a wallet that uses the next-generation security protocol. Zengo uses facial biometrics and multi-party computation to secure your digital assets.
This wallet is a keyless mobile wallet that uses state-of-the-art security features. With Zengo, you can store your cryptocurrencies, make in-app purchases, and even shop online.
In terms of setup, Zengo is one of the easiest wallets to use. The user interface is straightforward and easy to navigate. This makes it a great choice for newbie crypto users.
5. Crypto.com
Crypto.com is one of the fastest-growing crypto exchanges. It allows users to buy, sell, and trade cryptocurrencies. The exchange also has its own wallet, which is one of the best in the market.
The Crypto.com wallet is peer-reviewed and uses both static and dynamic analysis to ensure the safety of your digital assets. The wallet also uses two-factor authentication to add an extra layer of security.
If you are in the United States, your USD balances are held at the Metropolitan Commercial Bank, which is an FDIC-insured institution.
6. Ledger Nano X
The Ledger Nano X is a hardware wallet that stores your private keys on a secure device. This means that your coins are offline and away from potential hacks.
One of the best features of the Ledger Nano X is that it supports more than 1000 assets. This includes popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
This wallet uses certified Secure Element chips to ensure that your private keys are always safe. Also, you set a passcode and a 24-seed phrase to ensure that only you can access your account.
The Ledger Nano X also comes with a free companion app. This app allows you to manage your coins, make transactions, and even check your balance.
7. Binance Coin Wallet
The Binance Coin Wallet is a great choice for businesses that want to store, buy, and sell cryptocurrencies. This wallet runs on the Binance Chain and uses the BEP-20 token standard.
The wallet is easy to use and comes with a variety of features, including a built-in exchange, price charts, and market analysis. You can also use the wallet to buy goods and services with your cryptocurrencies.
This wallet uses addresses whitelisting, cold storage, and two-factor authentication to keep your digital assets safe. It’s worth noting that 95% of your assets are stored in cold storage.
8. Bitcoin IRA
This is one of the largest crypto wallets for business. It is a custodial wallet that allows you to store your digital assets in an IRA.
The Bitcoin IRA uses multiple layers of security, including multi-sig technology and cold storage. These features make it one of the most secure wallets on the market.
This wallet allows you to self-trade and offers a wide range of investment options. You can also use the wallet to buy and sell cryptocurrencies.
9. Trezor Model T
Trezor Model T is one of the most advanced hardware wallets on the market. It supports more than 1800 assets, making it a great choice for businesses that deal in multiple cryptocurrencies.
With a colour touch screen and an intuitive interface, the Model T is easy to use for even the most inexperienced crypto user.
This wallet implements Shamir Backup (SLIP39) for added security. The Shamir Backup (SLIP39) is a method of splitting a secret into multiple parts, allowing you to store them in different locations. If one part is lost or stolen, the others can be used to reconstruct the secret.
Trezor Model T also supports two-factor authentication (using a FIDO UAF or FIDO Universal Second Factor standard), adding an extra layer of security to your account.
10. Mycelium
This is one of the most popular Bitcoin wallets with a plethora of features for advanced users. Some of its prominent features include support for hardware wallets like Trezor and Ledger, watch-only accounts, cold storage spending, and integrations with major exchanges.
They have a decentralized in-person trading platform known as Mycelium Local Trader, which allows for secure trading. It has partnered with Cashila, Coinapult, and Glidera to provide cutting-edge financial services.
This wallet allows TOR network support for increased anonymity as well as Two-factor authentication for increased security.
