Cardano is a smart contract platform that is powered by the cryptocurrency ADA, which can be used to send and receive digital funds.
Launched in 2015, Cardano is one of the 10 largest cryptocurrencies in the world in terms of market capitalisation (at the time of writing).
We've sorted through more than 70 wallets to help you store your Cardano with confidence. Compare wallets on type, supported currencies and price using our comparison table — click Go to site when you're ready to buy.
Whether you’re looking to store ADA or any other cryptocurrency, there are a few key features you should look for in a wallet.
This list was updated on 24 May 2024.
Daedalus is the name of the official cryptocurrency wallet for ADA. An open-source software download for Windows and macOS, Daedalus provides ADA storage and a host of other features for crypto enthusiasts.
Daedalus runs the Cardano protocol and participates directly in the network. As a hierarchical deterministic wallet (HD), it allows you to manage any number of wallets and organise your funds however you like.
The set-up process is relatively straightforward, and it’s easy to send and receive ADA as well as view your transaction history. When you use Daedalus, you retain control of your keys, which are protected by advanced cryptography. You can also attach spending passwords and seeds to all of your accounts for an extra layer of security.
The development team behind the wallet also claims that future releases will allow third-party developers to develop their own applications for increased functionality, such as the ability to set up recurring payments or exchange one cryptocurrency for another.
However, this wallet does have a few downsides that are worth mentioning. For one thing, no apps for iOS and Android have been developed yet. You can check the Cardano roadmap for details of when this is likely to occur.
Also, Daedalus can currently only hold ADA, but support for Bitcoin (BTC) and Ether (ETH) is reportedly coming soon.
Yoroi is a web light wallet for Cardano. Developed by Emurgo, one of the three organisations behind the Cardano project, the Yoroi Wallet was released in October 2018. As a result, early adopters will need to be wary of the teething issues that commonly affect new wallet releases.
This Chrome extension offers a simple, fast and secure way to manage your ADA holdings. Because it’s a light wallet, you don’t need to download the entire blockchain to your computer, so you can start sending and receiving transactions straight away.
Yoroi is a free, open-source wallet that stores your private key on your computer. This key is encrypted with your wallet password and the team behind Yoroi says private keys are never shared with its servers or third-party providers.
When you acquire Cardano on an exchange, one option you have at your disposal is to store those ADA in the hot wallet linked to your exchange account. If you’re preparing to place a trade and want quick access to your holdings, this is a convenient option.
However, exchange wallets actually belong to the exchange, not to you, so your funds can’t be guaranteed. This also means you’re exposed to the risk of hacking by third parties or even theft from within the exchange.
With this in mind, if you’re looking for somewhere to safely store ADA for any length of time, it’s generally recommended that you transfer your holdings away from the exchange and into a secure wallet.
Keep the following tips in mind to help ensure the safe and hassle-free storage of your Cardano holdings:
Check out our comprehensive guide to safely storing your crypto
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