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Best Cryptocurrency Wallets of 2024 (in 2 minutes)Software wallets are 'hot wallets' connected to the internet. This makes them more susceptible to online threats but offers greater convenience. In a very simple sense, a software wallet is an application that you install on your computer or mobile phone that interacts with the blockchain. Best Crypto Hot Wallet Reviews � Best for Beginners: Coinbase Wallet � Best for Ethereum: MetaMask � Best for Mobile: Trust Wallet � Best Desktop.