Tezos has been in the crypto space for quite some time now. They have been impressively developing their platform for more than a decade now.
Many of you may own Tezos (XTZ) or are interested in purchasing it. That’s why we’ve compiled a comprehensive list of the best Tezos wallets for 2022, where you can safely and securely hold your Tezos (XTZ).
Before we get into those details, let’s understand first.
What is Tezos?
In simple words, Tezos is an independent blockchain that is essentially a smart contract platform. Tezos does not use Proof-of-work consensus like Bitcoin. Instead, it uses proof-of-stake consensus wherein token holders are rewarded for holding the XTZ token. XTZ is the native currency of the Tezos blockchain.
Best Tezos Wallet for 2022
Below is the updated list of the Tezos wallet where you can store securely your Tezos coin(XTZ). The list consists of hardware, desktop and mobile wallet.
Trezor Hardware Wallet
Trezor is a hardware wallet that can be physically connected to your phone/PC/laptop to transfer or receive Tezos coins. This was a pioneer in the field of hardware wallets designed by SatoshiLabs. It builds an isolated environment for offline transaction signing. You can set up a PIN code to access the hardware wallet.
Trezor wallet comes in two variants and they are Trezor One and Trezor T.
Once you provide an interface between the wallet and your connected device, say your laptop, a pin would pop up on your wallet screen, which needs to be entered on the other device. This takes place before every transaction, thus, adding a layer of security.
- Supports more than 1000 coins
- Monochrome display.
- Beginner’s friendly.
The significant difference between the two is that Trezor One has a few buttons on it, whereas Trezor T is entirely touch-screen operated. However, the early installation steps could take a while!
- Full-colour touchscreen
- Compatible with all devices.
- Slot for a MicroSD card
Ledger Nano X
If you’re searching for alternate options in hardware wallets, then you should check out the Ledger Nano X for storing your Tezos coins.
This Nanodevice has been built with cutting-edge technology for safely and securely storing your crypto assets. Its slim form makes it very convenient and comfortable to transport.
It not only can support crypto coins but also ERC-20 based tokens. It has built-in storage to store more than a hundred dapps. A user can connect this wallet either using a USB cable or through Bluetooth. Tezos staking can be done using the Ledger Live application.
- 2FA authentication
- Compatible with all devices.
- USB type C connector
AirGap is an open-source wallet that aims for the same level of security as hardware wallets. AirGap is a mobile wallet that is compatible with both Android and iOS devices. Among crypto enthusiasts, it is also known as an alternative to a hardware wallet.
AirGap is a two-device crypto wallet system. You need to use two smartphones to utilize the full potential of this wallet.
Make a new hardware wallet out of your old smartphone. It uses offline smartphone devices to generate private keys, store data, and sign transactions, ensuring complete security.
The wallet is divided into two sections: AirGap vault and AirGap wallet. The wallet is where you save your cryptocurrency, whereas the vault is where you assign transactions.
AirGap offers the highest level of protection, as well as an instant built-in exchange for easy token swapping. Last but not least you can stake your Tezos coin(XTZ) using this wallet, more details can be found here.
Guarda is a non-custodial multi-cryptocurrency software wallet. With this wallet, a user can send, receive, manage, buy, exchange and stake cryptocurrencies.
It comes with an easy to use user interface for both the desktop, mobile and web versions. The wallet’s servers do not keep any of your private keys, backup files, or other data.
All major currencies and tokens, as well as tokens based on ERC-20 and BEP-2, are supported. In comparison to other crypto wallets, the number of coins supported is rather large.
Guarda wallet also supports Tezos coin staking. You can find more details about staking here. The wallet’s customer service is quite helpful. If you have any questions or need assistance, the staff is accessible 24 hours a day, 7 days a week.
Atomic Wallet is another non-custodial multi-cryptocurrency software wallet that is available both for desktop and mobile devices. With this wallet, a user can send, receive, manage, buy, exchange and stake cryptocurrencies.
The atomic wallet provides a friendly user interface and seamless experience that makes interactions quick and easy. Atomic Wallet is incredibly safe and secure, and it never stores your personal data in its database.
Bitcoin, Ethereum, and Tezos are among the more than 300 cryptocurrencies supported by the wallet. You can also purchase cryptocurrencies using a credit/debit card through the wallet.
It comes with an Atomic swap feature through which you can swap your crypto assets. Tezos coin staking feature is also available with Atomic wallet. For more details related to Tezos staking click here.
How to Buy Tezos(XTZ)?
Buying Tezos(XTZ) is very simple and easy. There are several exchanges where it is being traded but we recommend buying it from Binance exchange or Kucoin exchange using a debit/credit card or P2P service. If you are an Indian then you can buy Tezos(XTZ) on the WazirX exchange.
Choosing a Trezo wallet from the above list does not mean your wallet cannot get compromised. It is you as a user who needs to primarily think about its security. Please remember that revealing your pin or your private key can always result in your wallet getting compromised.
Another important piece of information here is to keep a backup of your wallet. These are some of the scenarios when you would need your backup phrases to restore your Tezos wallet.
- If your mobile device gets stolen.
- If your desktop device gets corrupted.
- If you lose your mobile device.
- If your device’s OS gets corrupted.
There may be other situations that you might encounter apart from the above listed therefore it is always a good practice to keep a backup of your Tezos wallet.
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