Morpho (MORPHO) is an efficient Ethereum-based protocol revolutionizing decentralized lending with customizable peer-to-peer and pool-based solutions.

Liquidity pools have revolutionized decentralized lending and borrowing by offering a wide choice of product options and significant liquidity levels. For several years, protocols like 

 (COMP) have been lauded as true innovators that introduced a real game-changer: pool-based lending and borrowing. However, a closer look reveals that things aren’t as efficient and smooth as they may seem within the world of crypto lending. The problem is that lending pools on decentralized protocols often have mismatches between lenders and borrowers, with the former substantially outnumbering the latter. As a result, lenders earn only meager 

s, while borrowers pay exorbitant fees to access funds via these pools. Another critical problem is the lack of customizability in lending and borrowing products, with many protocols adopting a one-size-fits-all approach.

Morpho (MORPHO) is a decentralized protocol on 

 (ETH) that aims to improve the efficiency and flexibility of crypto lending and borrowing by offering a unique model that combines the elements of 

 (P2P) and pool-based matching of lenders and borrowers. To be precise, one of Morpho's essential products, Morpho Optimizers, specifically focuses on P2P matching, with pool-based lending and borrowing used as a fallback option. Morpho also offers users an excellent level of customization for creating new lending markets through its core protocol.

With its innovative lender-borrower matching mechanism and highly customizable and flexible markets, Morpho greatly improves capital allocation and transaction efficiency in the 

 (MORPHO) is an Ethereum-based decentralized lending protocol that offers a unique P2P order matching mechanism to improve the efficiency and affordability of 

 The platform also enables users to create efficient lending markets with highly customizable lending and borrowing parameters. Additionally, it offers a product, Morpho Vaults, for curated lending at varying risk levels.

, a France-based software development company founded in 2021 by Merlin Egalité and Paul Frambot. It's also supported by the nonprofit 

As its first major product, the project launched Morpho Optimizers on the Ethereum blockchain in 2022. Morpho Optimizers is designed as an add-on solution for lending pools on Aave and Compound to help match individual lenders and borrowers. The transacting parties can benefit from a more efficient lending process than with the default pool-based mode.

In January 2024, the project launched Morpho Blue, later rebranded to Morpho, a solution to help users create highly flexible lending markets with custom parameters and options. Morpho acts as the backbone of the Morpho ecosystem, and the project team has turned its focus to promoting and further developing this product. At the same time, Morpho Optimizers remains an integral part of the platform's core offering, albeit in a less prioritized state than Morpho.

The Morpho protocol consists of three main products — Morpho, Morpho Vaults (based on the underlying protocol) and the legacy Morpho Optimizers. Morpho allows users to create individual lending markets by specifying their preferred options for the following key attributes:

All these parameters are highly customizable, with minimal interference from the Morpho governance mechanism. Some parameters do have to conform to certain requirements; e.g., the IRM and LLTV must be from the list approved by the protocol's governance.

Morpho's high level of customizability is a significant departure from the typical model used on decentralized lending and borrowing platforms. On most other protocols, there are fixed parameters governing the lending and borrowing process; e.g., only certain collateral assets, lending assets or LLTV rates are allowed. In contrast, Morpho lets you customize all of these options, giving lending market creators an unmatched degree of freedom. The protocol offers the following key benefits to users, developers and market operators:

While Morpho is currently the platform's flagship product, the legacy Morpho Optimizers continues as a key offering in the platform's product line. Morpho Optimizers are add-on layers to the Aave and Compound lending pools. They can be used to facilitate a peer-to-peer match between lenders and borrowers. Since typical lending pools — including on platforms like Aave and Compound — are often heavily skewed with more lenders than borrowers, both parties end up paying excessive fees. Borrowers have to confront high costs due to the need to service the many lenders in the pool. In turn, lenders fight for the meager scraps left over from insufficient numbers of borrowers.

By using a P2P matching mechanism, Morpho Optimizers effectively takes the lender and borrower away from pool-based interaction and establishes a direct relationship between them. This allows users to borrow assets at cheaper rates, while also delivering better APYs for lenders. If either party withdraws from the direct lending relationship, both parties have the option to use the standard lending pools on Aave and Compound as a fallback.

The platform's third core product, Morpho Vaults (covered in more detail below) utilizes the underlying protocol and provides a way to lend through carefully curated market options at different risk profiles. This can suit lenders who are less proficient in using fully customized markets, but still prefer to take advantage of the lending opportunities offered by Morpho.

In order to create a custom lending market on Morpho, you need to have some technical proficiency and, preferably, knowledge of Solidity, the programming language that the protocol uses for its smart contracts. As noted earlier, developers can create a custom market by supplying five base parameters — a collateral asset, an asset offered for lending, an oracle, a preferred IRM and an LLTV. The first four of these normally require an Ethereum smart contract address to be specified. For the collateral and lending assets, these are the addresses for the tokens' contracts. The selected oracle is also usually established via a pointer to its smart contract address, although oracle-less hard-coded prices for the collateral and lent assets are acceptable. Morpho also maintains Ethereum addresses for each IRM whitelisted by the protocol's governance; developers can use these when choosing a preferred IRM.

The last value, LLTV, is a hard-coded figure that defines the threshold beyond which a loan becomes unhealthy due to its poor 

. Liquidators on Morpho are protocol actors who are incentivized to cover bad debts in return for collateral, similar to the method used on many other lending platforms. They’re allowed to liquidate up to 100% of the debt. In return, liquidators receive the debt's collateral, as well as an additional incentive for their work.

Since Morpho is an oracle-agnostic protocol without a built-in oracle, each market can have its own oracle that sources prices for the collateral and lending assets from external sources. Developers are completely free in that regard, and can even hard-code asset prices for the market if they don't wish to use a price oracle at all. Naturally, an oracle is preferred for maintaining the most up-to-date and dynamic pricing information.

The IRM used is the only base parameter with which developers are somewhat restricted in their choice, as only whitelisted IRMs are allowed for a market. As of mid-November 2024, there’s just one whitelisted IRM that market creators can specify — the 

. This model dynamically adjusts interest rates to maintain the proportion of borrowed funds to supplied funds at close to 90%.

Morpho Vaults are a tokenized vault product that offers curated lending opportunities with varying pre-programmed risk parameters. Each vault is associated with a single loan asset, and can allocate deposits across multiple Morpho markets, thereby leveraging the overall liquidity available on the Morpho protocol. Morpho Vaults suit lenders who prefer predictable risk management over the uncertainty of completely custom markets. Each lender can earn APY rates commensurate with their chosen 

There is no limit on the number of vaults you can open on Morpho. Thus, you might even allocate funds to different vaults with significantly different risk levels to diversify your exposure.

Morpho Vaults' curated nature eliminates the need for users to spend time researching and evaluating individual markets' risk levels and return opportunities, as risk exposure is actively managed by the vault.

Since the vaults are connected to the underlying protocol, and source liquidity from it, they’re dynamically rebalanced, which helps optimize yields. Thanks to their permissionless and immutable nature, the vaults are also completely transparent. Moreover, they’re noncustodial, granting users full control over their deposited assets, which can be withdrawn at any time.

A lender deposits an asset into a Morpho Vault and receives shares of the vault as confirmation of their investment. The vaults themselves are tokenized products utilizing Ethereum's 

 standard, designed to represent tokenized vaults for yield-bearing assets. Each vault may be owned by a 

 (DAO), an individual DeFi expert or some algorithm maintained by a DeFi platform. A vault can be owned by only one entity. The owner may specify additional roles/entities for managing the vault. These roles can include one curator, one guardian and multiple allocators.

The curator is a party who sets certain limits, rules and boundaries for the vault, such as specifying asset supply limitations and enabling/disabling specific markets. Curators are instrumental in maintaining appropriate risk levels for their vaults. Assets that lenders lock in a vault are supplied to the protocol's underlying markets, based on curators' whitelists. There can only be one curator for each vault.

The role of guardian is a key vault position. A guardian protects the integrity and security of the vault. Guardians can revoke any action by the vault owner (or other entities) if they consider it to be against the interests of vault lenders. Each vault can only have one guardian, typically a DAO consisting of vault depositors.

Allocators are protocol actors whose job is to rebalance the liquidity utilized by Morpho Vaults to optimize interest rates and accessible liquidity. An allocator’s job is to rebalance and optimize the total liquidity, either manually or using bots, to best meet the needs of Morpho borrowers.

Morpho Vaults' operations aren't regulated by the protocol's governance mechanism. Each vault owner is responsible for their vault's governance model. Specific roles, such as the curator and the guardian, are designed to help in establishing transparent and secure governance procedures for a vault.

What Is the Morpho Crypto Token (MORPHO)?

The platform's native cryptocurrency, MORPHO, is envisioned as a 

. Holders of MORPHO have the right to participate in decision-making on the platform's future direction, general rules, deployment of smart contracts and allocation of funds from the treasury. Although Morpho promotes lending and borrowing markets that operate with minimal interference from the protocol's governance community, there are some general guidelines and rules through which the community needs to establish certain standards, minimum requirements or whitelists. MORPHO token holders are instrumental in this process.

The original MORHPO token was launched on Ethereum in June 2022 with a supply cap of 1 billion. However, there were limitations to the original token contract that negatively affected its functionality. Specifically, the token wasn't designed to facilitate efficient on-chain voting. As a result of these limitations, the project decided to relaunch the token, now on an upgraded contract. The new reincarnation of MORPHO will offer better functional capabilities, including more efficient on-chain governance processes. 

As of the time of writing on Nov 17, 2024, the project team has yet to deploy the new token. The new MORPHO will also be a supply-capped crypto, with a maximum and total supply of 1 billion. The token's supply distribution shares are shown in the chart below.

 token before its market launch. Bybit Pre-Market Trading is an over-the-counter (OTC) trading platform that provides access to promising new cryptocurrencies before their listings on the Spot market. The key advantage of the platform is the ability to access cryptocurrencies at desirable rates before the broader crypto market affects their prices.

Bybit's carefully designed curation process ensures that only crypto assets with solid potential and fundamentals are whitelisted for Pre-Market Trading. This saves you the time required to investigate each cryptocurrency, and reduces the risk of investing in scam projects. Naturally, you’re also encouraged to 

 on crypto assets you might consider purchasing through Bybit Pre-Market Trading.

Morpho represents a unique and potentially highly effective approach to DeFi lending and borrowing. The platform's facilitation of isolated and highly customizable lending markets gives DeFi users unmatched freedom in terms of choice and variety. In addition, users who prefer the stability of curated and well-defined risk profiles can take advantage of Morpho Vaults for more predictable yields. The use of the overall underlying protocol liquidity along with entities such as allocators makes Morpho Vaults particularly effective at optimizing lending and borrowing costs.

While custom lending markets launched via the protocol are now Morpho's key focus, the legacy Morpho Optimizers also continue to offer value. P2P matching of lenders and borrowers as an add-on to the standard pool-based mechanism is a functionality many DeFi users will find helpful. Morpho Optimizers can offer lenders and borrowers active on Aave and Compound an alternative and highly effective way of conducting their operations.

With this arsenal of innovative and unique products, the Morpho protocol is quickly shaping up as a leading platform in the lending niche of the DeFi industry.

Advanced

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Morpho (MORPHO): Leading Efficient, Permissionless Crypto Lending

Puff is a meme coin with a dragon-based theme. It uses a gamified mechanic for distribution and is based on the Ethereum blockchain. Learn more here.

 are designed solely for entertainment, so they can have a lot of unusual and creative features. One example of the interesting applications of meme coins is Puff. This fun coin aims to attract users by adding elements of story and gamification to its design. If you're interested in learning about Puff and seeing why it's so popular lately, check out this guide.

 is a meme coin with a dragon-based theme. It uses a gamified mechanic for distribution and is based on the 

 blockchain. It encourages users to engage in its ecosystem by following along with Puff the Dragon's storyline.

mETHLab is an Ethereum-based lending and borrowing protocol. It's fixed-term and fixed-rate, with no forced 

 of collateral. Users can supply PUFF or mETH tokens and borrow mETH or USDe against these tokens.

 for the mETH Protocol. Users who hold mETH or participate in certain parts of the Puff the Dragon ecosystem can acquire points that will be converted to COOK. People can also acquire COOK by burning PUFF.

Puff aims to attract users with a novel approach to meme coins and lending. Its ecosystem takes the trending 

 ideas of gamification and storytelling and applies them to its products. For example, instead of simply borrowing on the mETHLab protocol, users are encouraged to "cook with Puff the Dragon in the mETHLab." The creators hope this adds a little extra fun and enjoyment that makes people more interested in working with their system.

As the dragon's origin story explains, Puff is also attempting to combine two opposing viewpoints into its ecosystem. Puff the Dragon is a "black and gold dragon" that is part chaos and part lawful order. Similarly, Puff's ecosystem tries to combine the regulation of 

. Unlike other ecosystems that either “play it safe” or focus on experimentation, Puff hopes to combine the two concepts into one system.

 network. All of its features are run through Ethereum’s system, so the project is reliable and secure. However, its secondary layer operates parallel to the main network, so it’s more scalable and features lower fees than Ethereum’s. The full ecosystem is accessible through the project's online website. This helpful interface guides people through staking, borrowing and lending Puff's digital assets in a fun, gamified manner. Unlike with traditional exchanges, the videos, cartoon assets and entertaining visuals are used to create a gamelike, fantasy feel.

The Puff the Dragon project offers far more than just a single, tradeable meme coin. Once you get involved in its ecosystem, you can access all of these exciting features.

The Puff Penthouse is where fans of Puff the Dragon can interact with the whole ecosystem. Users can stake and burn PUFF tokens, or send tokens to the mETHLab through this interface. It features many adorable and intriguing pieces of 3D art that add to the Puff lore.

 within the Puff the Dragon ecosystem. Each NFT features an individualized rendition of the project's dragon. There are currently 8,888 NFTs, ranked according to rarity. The rarest level, Legendary Puff Dragons, has 388 different variations.

Mystic Potions are another set of NFTs within the ecosystem. They come in red, green, blue and other colors, and can be used to mint Puff NFTs. There are 8,888 Mystic Potions, each one a 

. Only original ecosystem users are able to receive a Mystic Potion, but if desired, they can convert it to a Puff NFT and sell it.

PUFF is the main token of the Puff the Dragon ecosystem. In addition to trading like a standard meme coin, it can also be used for staking and lending. PUFF has a total supply of 888.888888 million tokens, 

 are indefinitely locked. Tokens will be distributed as follows:

The PUFF token has undergone plenty of price fluctuation since it was released. Shortly after its launch in April 2024, the coin shot up to an 

. However, as user interest waned, its price dropped to an ATL of $0.03 in September 2024. Nevertheless, there’s still a lot of interest in trading the token. Its price is back up to $0.0947 as of Nov 18, 2024, and many traders are bullish.

Analysis of market conditions from DigitalCoinPrice suggests a slightly different story: a small price decrease of around 2% to 5% in the upcoming weeks before rising in value as 2025 approaches. According to DigitalCoinPrice, by 2025 Puff 

, and by 2030 the token may be worth up to $0.54.

Looking to trade Puff tokens? Bybit now offers the PUFF/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

PUFF is an exciting project that's gotten a lot of interest recently. Thanks to its charming story and blend of helpful features, PUFF has done a great job of maintaining user engagement. The coin's trading volume is also fairly stable. This is a token worth investing in if you enjoy seeking out underrated yet promising meme coins.

 toward Puff the Dragon's design. Some feel that the coin's tokenomics and general structure keep it from being a true meme coin. Instead, they suggest that the coin is operating more like a web3 yield-farming system, but is using the meme coin label to get away with lax regulation and an imprecise road map. This doesn't necessarily mean the coin is doomed to failure, but it does mean you might want to look at it more critically than you might regard other meme coins. Since volatility is inevitable, it's essential to use 

 strategies such as portfolio divestment before buying PUFF.

Puff (PUFF) is an intriguing model of a meme coin that uses features besides memes to attract users. By creating a gamified staking and lending mechanism, Puff hopes to capture users' attention and get them invested in its dragon-themed storyline. Though this project still needs to prove that it can attract more fans, it's on the way to generating significant levels of interest. 

Intermediate

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Puff (PUFF): Entering the Magical Realm of Puff the Dragon

As Bitcoin's dominance persists, emerging regulatory clarity may catalyze a resurgence in altcoins, particularly for platforms like Ethereum and Solana, which are poised to benefit from a pro-crypto environment.

: Donald Trump’s election signals a pivotal shift in cryptocurrency policy, moving from skepticism to advocacy, which may redefine the regulatory landscape.

: The election result triggered immediate and substantial reactions in the crypto markets, particularly evident in Bitcoin's price surge, reflecting heightened investor optimism.

: A Republican-controlled U.S. Congress could lead to clearer and more favorable regulations for digital assets, fostering innovation and investment in the sector.

: As Bitcoin's dominance persists, emerging regulatory clarity may catalyze a resurgence in altcoins, particularly for platforms like Ethereum and Solana, which are poised to benefit from a pro-crypto environment.

Donald Trump’s re-emergence as the “crypto president” represents a dramatic turnaround in his relationship with the cryptocurrency sector. Once a vocal critic, his 2024 campaign embraced Bitcoin, positioning it as central to his economic strategy. This transformation can be attributed to the substantial financial contributions from crypto firms, which played a crucial role in his campaign, underscoring the industry's growing political influence. By vowing to make America the “crypto capital of the planet,” Trump not only appeals to a burgeoning voter base invested in digital assets, but also aligns himself with the interests of powerful crypto stakeholders. This shift could fundamentally alter the regulatory framework governing cryptocurrencies, potentially easing restrictions and fostering an environment more conducive to innovation.

The immediate aftermath of Trump’s victory was characterized by significant volatility in the crypto markets, particularly with Bitcoin (BTC) experiencing a sharp rally from approximately $70K to nearly $90K. This movement was not merely speculative; it reflected a broader alignment of market sentiment with political outcomes. The use of on-chain prediction markets such as Polymarket illustrated how traders adjusted their positions in real time based on election developments. As Trump's victory appeared more likely, BTC’s correlation with these prediction markets intensified, showcasing a direct link between political events and crypto valuations. This responsiveness highlights the increasing intertwining of traditional financial markets with crypto as investors seek to leverage political insights to inform their trading strategies.

Regulatory Outlook and Congressional Influence

With a Republican majority in both chambers of the U.S. Congress, the potential for significant regulatory reforms in the cryptocurrency space is heightened. Historical context reveals that previous efforts, such as the FIT21 Act, aimed to delineate the regulatory authority over digital assets, although it faced challenges in legislative passage. However, the current political landscape, coupled with substantial financial backing from crypto-friendly Super PACs, sets the stage for a more favorable regulatory environment. The election cycle demonstrated the effectiveness of targeted political spending in reshaping legislative priorities, particularly in key Senate races. 

As newly elected officials take office, their pro-crypto stances could lead to expedited discussions and potential passage of critical regulatory frameworks, thereby reducing ambiguity and fostering a more robust investment climate.

While Bitcoin continues to dominate the market narrative, the potential for altcoins to gain traction is significant, especially in light of a supportive regulatory environment. Historical patterns suggest that Bitcoin's dominance often peaks during bull markets, followed by a capital rotation into altcoins as investors seek higher returns. The recent surge in Bitcoin's price has overshadowed altcoins, and yet the incoming administration's pro-crypto posture may catalyze renewed interest in platforms like Ethereum and Solana. These networks, which facilitate smart contracts and decentralized finance (DeFi) applications, stand to benefit from increased investment as regulatory clarity emerges. The influx of capital into altcoin markets could be accelerated by the anticipated legislative focus on fostering innovation within the cryptocurrency sector, marking a potential shift in market dynamics as investors diversify their portfolios beyond Bitcoin.

In conclusion, Trump's presidency heralds a transformative period for the cryptocurrency landscape, characterized by potential regulatory clarity and increased market participation. As the political and financial realms converge, stakeholders in the crypto ecosystem must remain attuned to the evolving landscape, ready to adapt to new opportunities and challenges that arise in this dynamic environment.

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Bybit x Block Scholes Institution Report: Takeaways From the U.S. Election and What to Look For Next

Nansen has partnered with TRON DAO to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. 

Daily Top Performer — Virtuals Protocol (VIRTUAL)

The S&P 500 climbed 0.4%, driven by a nearly 5% surge in Nvidia shares ahead of its highly anticipated earnings report, which lifted market sentiment despite ongoing geopolitical concerns.  Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.15%, with Bitcoin rising by 1.13% and Ether dropping by 1.62%, in the past 24 hours.

Today's top performer is VIRTUAL, which surged 5.2% after the launch of Agentstarter, empowering founders to build successful AI agents with Virtuals Protocol.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. Virtuals Protocol introduces 

, an AI agent launchpad offering funding, development support, and distribution for creators. It aims to help founders build successful AI agents within a thriving ecosystem and long-term incentive structure.

Check Out the Latest Prices, Charts, and Data of 

 to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. This collaboration aims to provide developers, users, and projects with valuable data to foster growth and innovation. The integration will offer advanced features like Token God Mode, Wallet Profiler, and Smart Alerts, helping optimize decentralized applications (DApps) and improve transparency within the community. TRON’s high-speed, low-cost blockchain infrastructure will benefit from these enhanced analytics to further empower the ecosystem.

Yesterday, total inflows into BTC Spot ETFs amounted to $600.3 million, with $16.2 million coming from GBTC and $584.1 million from non-GBTC sources.

 allows users to earn XP for transactions, quests, gas fees, and referrals in its wallet. XP, while offchain, is tied to wallet addresses and used to level up and unlock exclusive rewards. Key features include free transactions on the ZERϴ Network, daily quests, and retroactive XP for active wallets before mid-October. Rewards enhance the onchain experience but are non-transferable. The program encourages bridging assets to ZERϴ and active participation to maximize XP and rewards.

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Nansen Partners with TRON DAO to Enhance On-Chain Analytics for TRON Ecosystem

Bybit Learn

Crypto

Not quite sure where to store your crypto assets once you've purchased them? Here are the best crypto wallets you can consider using in 2023 to store them.

 to choose from, so it can take some time to find the right one for your needs. However, picking the perfect crypto wallet doesn't have to be confusing or stressful. Read on to discover the different types of crypto wallets on the market, and to learn their pros and cons.

The main thing you'll need to decide when trying to find the best crypto wallet for you is whether you want a 

. Both of these styles have their own unique advantages.

A hot wallet is a crypto wallet with the ability to connect to the internet. Most modern wallets are hot wallets. This type of wallet is popular because it allows you to quickly send and receive crypto. Hot wallet creators often include a helpful interface with lots of features, making hot wallets the best choice for people who prioritize convenience. Transferring crypto with hot wallets can be as quick as clicking a button. Hot wallets are also the best choice if you want to access your crypto from multiple devices.

A cold wallet is a crypto wallet that’s entirely offline, usually a small device that looks like a USB drive. To send or receive crypto, you typically need to connect the cold wallet to an internet-enabled device and manually move your private keys into the wallet. Since cold wallets are offline, they’re effective for those who require security. It's impossible for a hacker to steal your crypto unless they steal the physical copy of your cold wallet. 

Another benefit of cold wallets is that the crypto is entirely in your possession. They're the best crypto wallets if you're worried about an organization going bankrupt and keeping you from accessing your funds.

To find the best crypto wallets, you need to carefully consider your needs and evaluate the wallet provider's features. The following are some of the main factors you need to think about while picking the best crypto wallet for your needs.

First, choose your type of wallet. If you prioritize convenience and fast transfers, a hot wallet is the way to go. If your priority is security, cold wallets are the best choice for you. The other important consideration is 

. Using a noncustodial wallet means that only you have control over your private keys. This provides extra security and ensures you have the ability to interact directly with the blockchain. On the other hand, a custodial wallet lets the wallet provider hold onto your keys. These wallets are often easier to use and recover lost crypto from, so they're the best option for those new to crypto.

Your cryptocurrency is valuable, so it pays to think carefully before handing it over to any organization or device. Take the time to look up reviews for the wallet provider. The best crypto wallets have a history of excellent security — and a lot of satisfied customers. If the wallet tends to have a lot of hacks and data breaches, pick a different option. 

You can also research the wallet's details to see if it has any notable security issues. The best crypto wallets have multiple security features, such as multi-factor authentication and fingerprint recognition.

Overall, the best crypto wallet for you is one that you can easily use and thoroughly understand. Some users prefer complex interfaces while others want something simple and straightforward. Depending on your needs, the best wallet for you might offer these features:

What are the best crypto wallets on the market? According to experienced crypto users, these cryptocurrency wallets are classic favorites.

This custodial crypto wallet helps you manage a wide range of crypto and other blockchain assets. Its robust security and convenient interface (

) already make it one of the best crypto wallets, and its web3 compatibility makes it even better. Users can instantly access a variety of 

 and NFT projects, along with the full Bybit exchange. All deposits are free, but you have to pay a withdrawal fee based on the blockchain's gas or other validation fees. Unless you need offline accessibility, this is a great option.

 (multiparty computation) technology to offer unrestricted, multi-chain decentralized asset management globally. After its beta launch, it rapidly accrued over 50,000 users and created in excess of 100,000 wallet addresses. 

Bitverse's proprietary features — such as Event Guessing, Lucky Airdrop, NFT Market and Game Benefits — increase user interaction and loyalty. Additionally, the Guessing and Airdrop segments, accessible to all projects, provide avenues to gain cryptocurrencies while enjoying Bitverse's robust operation and maintenance services.

 is one of the best crypto wallets if you want an open-source software wallet with noncustodial features. It's user-friendly and integrates with Ledger devices. MetaMask is also popular for its security and its special Swap technology, which helps to reduce gas fees. The downsides to MetaMask are that it's only compatible with Ethereum and ETH-based tokens, and the existence of imitator websites that can trick you into inputting your seed phrase, in which case all of your funds can be stolen.

This wallet from the popular crypto exchange Coinbase is one of the best choices for beginners. 

 connects to most bank accounts, and lets you easily buy, store and sell common crypto assets. It supports more digital assets than most other available wallets. However, it still has some of the security issues associated with other hot wallets, and it's not available on some browsers. Furthermore, Coinbase charges additional transaction fees alongside the standard gas fees most wallets charge.

 is one of the best. This wallet is popular because it's extremely secure. Not only is it a cold wallet, with a lot of inherent security, but it also has a 

 that provides an extra layer of security. Other perks include an integrated app to trade from and a display for managing the wallet. Unfortunately, all these features come with a fairly high price tag compared to the free options on this list. Most Ledger hardware wallets retail for around $80.

Keep in mind that Ledger was recently embroiled in controversy over its new 

 feature, a backup service for users’ secret recovery phrase. Concerns over user safety were addressed, ultimately leading to Ledger postponing the launch of the feature.

 is a classic Bitcoin wallet that's been around since 2011. It’s small and quick to download. However, despite its small file size, Electrum has plenty of excellent security features, supports multisig wallets and can integrate with hardware wallets. The main downside is simply that it's an older wallet with a design and interface that can confuse some beginners.

 is a mobile wallet that you can download as an app. The biggest advantage of BlueWallet is that it's integrated with the 

, so it can use the Layer 2 chain to process transactions quickly with fewer fees. BlueWallet has a clean interface and offers some unique security features, like multisig and decoy wallets. However, BlueWallet doesn't offer two-factor authentication (

), so it's not as secure as some other wallets. 

 offers the Trezor Model One and the Trezor Model T, both of which are good choices for people who need a cold wallet. They support over 1,200 cryptos and have tremendous storage capacity. Unlike some other hardware wallets, Trezor also has fairly thorough backup and recovery features. 

If you’re looking for a simple cold wallet, the Trezor Model One is adequate. Retailing at $69, it features a clickable two-button pad and USB-A connectivity. However, if you’re looking for one with more advanced features, such as a 1.54” touchscreen and USB-C connectivity, you can consider the Trezor Model T, which retails at $219.

, which is an application available on desktop and mobile. With Trezor Suite you can easily and securely send, receive and manage your assets.

If you're looking for a software wallet that runs on your desktop, 

 is a great option. Exodus is one of the best crypto wallets for those who want flexibility. It's compatible with iOS, Windows and Linux, and it supports over 260 cryptocurrencies and NFTs. Furthermore, the Exodus wallet can manage transactions without you having to download entire blockchains, so it's lightweight and fast. Just be aware that many users feel Exodus's fees are a bit high.

 is excellent for people just learning about DeFi. It’s a noncustodial wallet with extensive security measures. People find its interface easy to use, and it lets you choose your level of trading fee and confirmation speed. However, not all of 

's services are available in certain locations, and it lacks some of the customization options of higher-level wallets.

 is one of the most affordable hardware wallets on the market. It has a clear interface and display that make it fast and easy to manage your crypto. KeepKey prioritizes security, so you can be confident your coins will be safe. However, KeepKey supports only a limited number of cryptocurrencies, so if you need a flexible crypto hardware wallet that can hold multiple coin types, KeepKey might not be right for you.

This noncustodial hot wallet has some great perks, including a multilingual interface, support for anonymous users and absolutely zero fees outside of gas. 

 is a fairly established wallet, so the developers have had plenty of time to work out the bugs and upgrade security. You can protect your crypto with biometrics, passwords, 

Despite being one of the best crypto wallets for people who value privacy, Coinomi has its downsides. There's no 2FA, and the slightly older interface can be confusing for crypto beginners.

As you might be able to tell from its name, the main con of 

 is that it only stores Ethereum and ERC-20 tokens. Despite the limited support, it still deserves a place on this list because of its excellent design. It's an open-source, fee-free noncustodial wallet that gives users full control over their keys. Users store their private keys offline, so it's safe, like a cold wallet, while still having the convenience of a hot wallet.

 is an e-wallet offered by the trading service eToro. It gets high marks for usability, and syncs well with eToro's crypto exchange. Using it on eToro lets you avoid fees for certain types of withdrawals and deposits, and you can check on your investments' values straight from the wallet. However, eToro does charge high fees for transferring your coins to other accounts.

 combines elements of both hot and cold wallets. You store your keys on a cold device, which can then interact with an app and browser extension to bring in trading features and other hot wallet elements. SafePal has a low cost and supports up to 30,000 digital assets, so it's one of the best crypto wallets for storing large amounts of coins. On the downside, some users have reported frustrating customer service experiences and SafePal doesn't support a broad range of crypto types.

 was the first crypto company to create a 

, and it's popular for its extensive security features. This custodial hot wallet supports over 600 assets and has compatibility with web3 features. Another great thing is its customizable fee structure. Users can sign up for different fee tiers, depending upon whether they want to trade large amounts of crypto or store assets for long periods of time.

 is one of the best wallets for people performing fast, short-term trades. It's a hot wallet with an interface focused on trading crypto and NFTs. You can check values, hold several different types of crypto and seamlessly integrate it with DeFi tech. Though this is a reputable wallet, the 1inch exchange isn't regulated in the U.S. Therefore, this wallet will only work for users in 

 interface lets you buy, sell, stake and store crypto. It supports over 50 blockchains and more than 400,000 crypto assets. Another advantage is that it works as a software wallet, mobile app and browser extension. Though Guarda Wallet gets points for letting users pick what transaction fee level they want to pay, some users still have a problem with its fee structure. Purchasing crypto in-app results in excessively high fees.

 isn't as widely known as some other cold wallets, but it's still worth checking out. It has enough storage for thousands of individual tokens and can support up to 46 blockchains. The starting price of $119 is reasonable, and it has excellent security. 

Instead of using Bluetooth connections that can be hacked, Ellipal uses QR codes instead. Other perks include the ability to convert coins between supported currencies offline and the ability to stake crypto. The main challenge to using Ellipal is simply that it's not desktop-compatible, so managing your crypto can be tricky.

 is a multi-chain DeFi software wallet that supports over 90 different blockchains and allows for cross-chain trading. Furthermore, it pairs with a lot of 

 and other projects. The wallet does charge service fees in addition to standard gas fees, but the higher cost comes with some helpful features, such as a Chrome extension and app. One consideration is that some beginning users find the interface a bit confusing.

 prides itself on its unique security process. Users secure their accounts with encryption and biometrics instead of needing long phrases. Another perk is that its interface is easy to use. This hot wallet seamlessly connects to a lot of different web3 services. 

CoolWallet is a secure and reliable hardware wallet. Unlike some other cold wallets, such as Trezor, CoolWallet has multisig capabilities. It also includes 2FA, pin codes, encrypted Bluetooth connections and seed phrase backups. 

CoolWallet supports over 1,500 cryptocurrencies and comes in the form of a flat rectangle that's the size of a credit card, and fits in a regular wallet. 

 has been created by a portfolio tracking company. This software wallet comes with exclusive financial features, such as live pricing data. Not only can you store and swap crypto, but you can also connect your bank card to convert crypto to and from 

This secure wallet uses military-grade encryption to keep your coins safe. Keep in mind, however, that it does come with some fairly high fees. To get all the services of the wallet, you’ll need to pay an extra subscription.

Technically speaking, simply purchasing crypto through an exchange and leaving it in your account actually counts as using a cryptocurrency wallet. This means that anyone who wants to buy or sell crypto is using a wallet. If you only conduct short-term trades, the built-in wallet at a crypto exchange such as Bybit might be all you need.

However, when talking about the best crypto wallets to use, most people are really discussing personal wallets to which you can move your crypto after purchasing it on an exchange. Using a personal wallet is ideal if you possess a large amount of crypto because it provides more security. Personal cryptocurrency wallets are also useful if you plan on holding onto crypto as a long-term investment. Furthermore, the best crypto wallets are helpful for people involved in the blockchain community. A cryptocurrency wallet makes it fast and simple to mine crypto, trade NFTs, play a crypto game or directly interact with a blockchain.

Though a personal crypto wallet isn't an absolute requirement for basic investments, it can be a valuable tool to have. Whether you're a beginner or a personal trader, a personal crypto wallet offers security and helpful features that make it easier to interact with blockchains, crypto and DeFi platforms.

Now that you know about the best available crypto wallets, it's time to find the best one for your needs. Still not sure which one to pick? Keep in mind that you can have and use multiple wallets. Feel free to try out different wallets, such as the Bybit Web3 Wallet and Bitverse Wallet, and play around with their features until you discover one that best suits you.

23 Best Crypto Wallets to Use to Store Your Crypto Assets in 2023

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