In March 2021, crypto trading platform Voyager Digital conducted a survey showing: over a third of all retail crypto investors are more bullish on Cardano than Bitcoin. Cardano is an ambitious project aiming to build a scalable, scientifically validated blockchain that would be a good vehicle for peer-to-peer value exchange. The platform has already launched staking and is about to implement smart contracts and DApp capabilities.
If Cardano sounds like a nice asset to invest in, this article will help you find a suitable Cardano wallet. We have selected 3 wallets that would best suit different usage scenarios.
Some investors prefer to have quick access to crypto wherever they are, which is why they choose Cardano wallet apps for mobile phones. Guarda is a wallet recommended by ChangeNOW and is available for iOS, Android and also desktop. It is rated 4.4 on the App Store and 4.2 on Google Play.
Guarda is a multi-asset wallet that supports 50 different blockchains with hundreds of tokens. You can exchange between them right in the app for reasonable fees, and you can also buy crypto with your credit or debit card. Guarda supports Cardano staking which can earn you around 5% annual interest - check the calculator .
Guarda's killer feature is usability: you can manage your entire portfolio at once and make the most of it with features like staking and crypto swaps.
The book is the number one choice for those concerned with security. It's a small flash drive that stores your private keys, allowing them to be offline most of the time. This makes them inaccessible to hackers. As a Cardano hardware wallet, Ledger Nano S is not free: it costs $ 59.
Besides Cardano, you can store another 1000 assets in your ledger. However, to send your cryptocurrency, you will need to connect the device to the computer via a USB port or to a mobile phone via Bluetooth. The need for these operations makes Ledger more convenient for storing or staking crypto rather than trading it.
Daedalus is Cardano's official desktop wallet. It is a full node, meaning it downloads a full copy of the Cardano blockchain and validates all transactions on the network. This happens without the need to rely on a 3rd party node provider, which adds a significant level of security, but makes the wallet take up over 8.5 GB of disk space. That's why Daedalus is only available as a Cardano desktop wallet for macOS, Windows and Linux. In this wallet you can make ADA staking and manage multiple Cardano wallets at once. Download Daedalus Flight, for to help Cardano test new features for its official wallet.
If you want to manage your entire portfolio in one place and enjoy maximum usability, download the Guarda wallet. If you invest in Cardano and want to store it securely, choose Ledger Nano S. If you are a fan of Cardano and want to store your coins in its official wallet, get Daedalus. All three are Cardano staking wallets.