Best Cardano Wallet USA – 4 Best Cardano Wallets in 2022

Fact Checked by Gary McFarlane

Cardano is one of the fast-growing cryptos in the industry right now. While others are struggling with high levels of volatility, Cardano (ADA) continues to increase in value and volume. But if you’re ready to invest in this crypto, you’ll need to best Cardano wallet to ensure security, accessibility, and ease of transaction.

This guide shares the details of the best Cardano wallets in USA, such as eToro, Binance, Coinbase, and OKEx. Also, you will discover a step-wise guide on how to activate the wallet and use it for a seamless transaction.

#1 Cardano Wallet In the USA – eToro

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$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Cardano Wallet in the US-Top 4 List

If you’re searching for the best Cardano wallet this period, check our top picks below to get started with your crypto investment.

  • 1 eToro – Best Cardano Wallet for all crypto investments
  • 2 Binance – Best for investors to diversify your crypto portfolio
  • 3 Coinbase – Best Cardano wallet in the US for beginners
  • 4 Kraken – Best Cardano Wallet USA for Professionals

Check the in-depth reviews of the above US Cardano Wallet below.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Cardano Wallets USA – Full Reviews

The best Cardano wallets in USA should ensure convenience, seamless transactions, security, core features, user-friendliness, and convenience. Moreover, a user of such a wallet should trade, buy and sell Cardano from it.

So, after considering these factors, we present the top Cardano wallets in the US for 2022 below.

1. eToro – Best Cardano Wallet For All Crypto Investments

eToro is the best Cardano wallet in the United States. The wallet comes from a licensed and regulated broker operating under the guidelines of regulators in Cyprus and Australia. Also, eToro also has a license from the FCA in the United Kingdom to offer digital products.

One good thing about the eToro brokerage site is that you can start investing with as little as $50. All it takes is to open your account, and you can buy crypto to store in the wallet. For example, once you buy Cardano (ADA), the coins go into your web wallet with the broker. It remains there without incurring charges until you’re ready to cash out. The process is simple too. Just open the portfolio and confirm the sell order.

etoro crypto wallet

Moreover, the broker is a spreads-only operator. As such, the commission doesn’t vary like what other brokers do. Also, the brokerage site lists a lot of financial instruments such as Forex, Stocks, Commodities, and Indices. Also, you can access cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, etc.

eToro offers a mobile wallet that simplifies your investment processes. This mobile wallet functions as the standard Android/iOS mobile apps we use on our devices. It supports more than 120 digital tokens plus Cardano.

With such capability, you can accumulate all your investments in one wallet. Moreover, the wallets support trading of more than 500 crypto pairs. For instance, users can easily convert Bitcoin to Cardano within the app.

eToro Cardano review

If you decide to buy Cardano from the brokerage site, you make deposits with your US debit/credit card, Paypal, or through your bank account. Using the broker will expose you to multiple services such as their legendary “Copy Trading service that allow a user to copy the investments of a top trader on the platform.

eToro Fees

Sending & Receiving Crypto $0
Conversion Fees 0.1%
Transfer Fees $1-$50

Pros

  • Regulated by ASIC, FCA, and CySEC
  • Allows fund deposit through Paypal, local bank transfers, debit/credit cards.
  • Provides Investments services such as Copy Trading
  • Beginner-friendly app and wallet
  • Accepts minimum investment of $50
  • Best Cardano wallet on iOS and Android
  • Records more than 20 million users.

Cons

  • No integration with MT4/MT5
  • Too simple for Pro traders

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Binance – Best For Investors To Diversify crypto Portfolio

Binance

Binance is the best Cardano wallet in the US that supports many other digital assets. The broker providing this wallet is recognized globally and has more than 100 million users. The Binance wallet is the popular Trust wallet that has become a household name in the crypto community.

The Trust wallet comes like an iOS and Android app, and it is completely free. According to the founder, this wallet supports more than 33 blockchains and up to 250,000 digital assets, which includes Cardano and other top crypto assets in the industry. It also supports many DeFi coins in case you’re geared towards that sector.

Moreover, the wallet is decentralized and a non-custodial service that allows complete control of funds in the user’s hands. Moreover, users can employ different safety measures such as a strong PIN plus Touch ID to secure their funds. You can even receive or send Dogecoin (DOGE) through the wallet without hassles.

trust wallet

The Trust wallet comes with fiat currency capabilities that allow users to deposit funds with their debit or credit cards. Then, all you need is to meet the KYC regulation requirement by uploading your government-issued ID, such as your driver’s license or passport.

Interestingly, using the Trust wallet gives you access to a decentralized exchange known as Pancakeswap. On this exchange, you can buy, trade, and sell your digital tokens without the interference of third parties or central authorities. Furthermore, everything is decentralized on Pancakeswap to promote secure and anonymous crypto conversions.

Binance Wallet fees

Trading & Transaction 0.1%
Instant Buy/Sell 0.5%
Debit card transaction 4.5%

Pros

  • Simple interface for beginners
  • Technical tools for Pro traders
  • Provides many digital asset pairs
  • Fast deposit with credit/debit card
  • Brokerage site lists thousands of assets

Cons

  • Support for debit/credit cards is limited.
  • No provision to withdraw or deposits with an e-wallet

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Coinbase – Best Cardano Wallet In The US For Beginners

coinbase wallet

Coinbase is one of the best Cardano wallets in the US to consider for your investment. The broker is popular in the crypto community and also records up to 56 million active users. This shows how reliable and efficient the exchange is in rendering several services to users.

The platform is user-friendly and supports the seamless transfer of Cardano coins. With the web wallet, you can store your coins and also transact without hassles.

Storing your coins in the Coinbase web wallet is one of the safe strategies to consider. The broker assures users of keeping 98% of their funds offline or cold storage to keep them away from cybercriminals. So no matter the hack attempts on the brokerage site, you’re sure that the funds are secure. Moreover, the custody of your private key is no longer your problem.

But you can also download the Coinbase wallet app and enjoy total control of your Cardano investments. This app is compatible and free for both Android and iOS users.

It supports buying, selling, and trading many digital currencies without hassles. Also, prepare for the KYC process that requires an upload of a government-issued ID. Then, all it takes is a few minutes, and you can start trading on your wallet app.

Regarding the security measure, Coinbase wallet houses top-grade security protocols that protect users. Also, every user must undergo the 2-factor authentication process before logging into the wallet. So, without inputting the unique code you will receive in your phone or through the Google authenticator, you can’t log in likewise a hacker.

Coinbase Wallet fees

Trading 0.50%
Credit Card Purchases 3.99%
Bank account or Coinbase wallet purchases 1.49%

Pros

  • Supports many digital assets
  • Upholds several security practices
  • Records up to 56 million active users
  • Users control private keys to mobile wallet
  • Fully regulated & Licensed
  • Supports many US states

Cons

  • Charges 1.49% commission on trading
  • It doesn’t support Hawaii investors
  • Charges high fees of 3.99% for deposits with debit cards.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Kraken – Best Cardano Wallet USA for Professionals

Kraken is one of the leading Cardano wallets for US residents. The wallet supports a large number of coins and also facilitates margin offerings and staking activities. In addition, the broker itself exposes users to many crypto trading markets to transact at lower fees.

Also, you can buy, trade, and sell many crypto assets, including Bitcoin, Cardano, Chainlink, Ethereum, Dogecoin, and many decentralized finance tokens. In addition, the broker supports up to 60 crypto and 7 fiat currencies.

This wallet is secured, and according to the broker, more than 95% of user’s funds are stored offline in different cold storage facilities across the globe. Furthermore, according to the broker, users of its wallet enjoy privacy and anonymity since their information is usually encrypted.  Also, the main Kraken platform is secure, and the team carries out vulnerability tests regularly.

Kraken’s support for fiat enables users to deposit money into their accounts with fiat such as the USD. Once they do that, buying crypto becomes easy through the wallet. Interestingly, USA residents using Kraken can access the margin trading feature of the exchange.

Kraken Wallet fees

Instant Buy

 

1.5% for (Buying, selling, and converting orders)
ACH bank transfers 0.5% (processing fees)
Debit card or credit card transactions 3.75%
Trading Fees on Pro (Less than 50K) Taker fee 0.26%

Maker fee 0.16%

Deposit Fees (Bank Wire for US Residents) $5
Bank Wire Withdrawal in USD $5 (US residents

Pros

  • Supports more than 60 crypto and 7 fiat currencies
  • Ensure financial and digital security
  • Lower transaction fees
  • Offers margin trading for USA residents
  • No geographical barriers to users

Cons

  • Doesn't support debit cards or credit cards deposits for US residents

67% of retail investor accounts lose money when trading CFDs with this provider.

What is a Cardano Wallet USA?

The process of buying a cryptocurrency from a crypto exchange or brokerage requires a wallet for storing the digital asset. Cardano is no exception. A Cardano wallet is an app that will permit a crypto user to store, retrieve, and use digital funds.

etoro app

Just like a traditional bank account, your fiat currency has a base for its safe keep. Also, a Cardano wallet will store and secure your digital assets.

Cardano wallets have the following:

  • Private Key: This is the safety pin or password that will unlock your wallet and enable you to access your cryptocurrencies. When there is a compromise to your private key, the intruder can unlock your Cardano wallet and even steal your cryptocurrencies. It's always necessary to safe-keep your private keys.
  • Public Address: This is the cryptographic address that enables you to receive digital funds in your wallet. It's like a traditional bank account number that you can send out to people to transfer some cash to you. So, giving out your public address puts no risk to your Cardano wallet. It will only allow people to make funds payments for the owner.

The best Cardano wallets in the USA have more outstanding features and benefits besides token storage, sending, and receiving funds. You can use the eToro wallet for ownership tracking. There's the possibility of getting fiat deposits such as USD through an e-wallet or a credit/debit card.

Also, a user can invest in digital assets from the wallet by placing buy or sell orders. You can get an instant conversion from one digital asset to another from your eToro wallet.

How to Find the Best Cardano Wallet in the USA

It takes less time than you can ever imagine finding the best Cardano wallets in the USA. All you need to do is to set your priorities for the utility of the wallet. You should stick to a hardware wallet for air-tight strict security of funds. However, where your preference is just for a simple means for storing your ADA tokens, a mobile wallet will be the best option.

Furthermore, you should consider the main features of the Cardano wallet, such as its crypto conversion, buying and selling ability.

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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
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CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.
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