The 5 Best Celo Wallets

Published December 10th, 2022

A good wallet is important so that people don’t lose their cryptocurrency. It is also good to have a wallet that can provide various features such as staking and governance participation. Wallets come on different platforms. Some are made for Android and iOS and others for Desktop and as web Browser extensions.

We tried many Celo wallets to see which one delivers the best experience and functionality to its users. We found the 5 best Celo wallets that people can use right now.

In this article, we go over the 5 best Celo wallets and their respective platforms.

5) Trust Wallet (Mobile Wallet Version)

  • Platform: Desktop Web Browser, Mobile iOS and Android

    Trust Wallet is a very popular wallet that allows users to hold Celo. In this section, we review the mobile wallet version of Trust Wallet.

Trust Wallet on Mobile allows instant access to the Celo network and custom tokens. It also supports Bitcoin, Ethereum, EVM networks, Aptos, Algorand, Arbitrum, BCH, Cardano and many more networks.

Users can add custom tokens on the app by simply navigating to the front page to “add tokens”. Users can also manage their NFTs within the app. They can stake other cryptocurrencies such as Solana and Polkadot. Though Celo staking is not available.

In-app Celo purchases are also possible using MoonPay. Trust Wallet allows you to receive Celo, cUSD, cReal, and cEuro easily since they are already pre-configured tokens.

Celo wallet has an in-app browser to access DApp websites to streamline Web3 interactions.

Pros

  • Supports custom Celo-based tokens
  • Supports more than 20 other blockchain networks and their tokens
  • Easily add any other EVM compatible blockchain network and its custom tokens
  • Good looking and easy to use user interface
  • In-app browser to access DeFi DApps
  • Easily add multiple wallets and switch between them

Cons

  • Hot wallet, since it is on mobile and Web browsers. These devices are connected to the internet and can result in the hacking of the device more easily. A Hacked device can lead to loss of cryptocurrency assets
  • Can’t participate in Celo staking and governance within the app.
  • Only the mobile version is a good wallet. The desktop browser version lacks many features of the mobile version.
Image Source: Trustwallet.com

4) Celo Wallet

  • Platform: Desktop App

    Celo Wallet is a desktop application made to interact with the Celo network. It allows users to stake, participate in governance, and vote for validators.

This desktop wallet is primarily used for Celo-based assets. It does not support other networks. It has a simple and good-looking graphical user interface.

Celo Wallet also allows users to perform more in-depth tasks such as locking tokens up and managing NFTs. Users can easily add NFTs and other custom tokens that are on the Celo network.

The Celo Wallet features an in-app exchange. Though it only supports the Celo, cUSD, cEuro, and cReal tokens to swap between.

Pros

  • Great graphical interface
  • Easy to use even for non-tech-savvy people
  • Stake coins and track your stake
  • Vote for validators and participate in governance within the app
  • Able to manage Celo network NFTs and add custom tokens
  • Integrated in-app exchange to swap between Celo, cUSD, cEuro, and cReal tokens
  • Can still connect to online DApps even while being a Desktop application

Cons

  • Only available on Desktop platforms: Windows, MacOS, and Linux
  • Doesn’t support other networks like ETH etc.
  • Hot Wallet, Celo Wallet is on a device that is exposed to the internet. This in turn can lead to crypto losses if the device gets hacked.

3) Metamask

  • Platform: Web Browser and Mobile iOS and Android

    Metamask is one of the most popular wallets in the world. However, We think it deserves the 3rd place because it is a hot wallet.

This Means that the device the wallet is on is usually connected to the internet, leading to potentially getting hacked. A hacked device can lead to the loss of funds.

According to one of our polls, Metamask was one of the most popular wallets, falling behind only the Valor Wallet. Because safety is the absolute most important aspect of a wallet, Metamask deserves the 3rd place our our list.

Metamask allows users to add different EVM blockchains so users can access different tokens on different networks simultaneously. Most DApps also have Metamask compatibility to connect to the website.

Pros

  • Easily add Celo Network on Metamask
  • Easily add other EVM Compatible blockchain networks
  • Clean, good looking, and easy to use user interface.
  • Trusted and very popular wallet
  • Add custom Celo network tokens
  • Widely accepted on most DApps

Cons

  • Hot wallet which is easier to get compromised due to the device's exposure to the internet.
  • Only supports EVM networks
  • Metamask can potentially log users' IP addresses if they use their Ethereum node
  • Can’t participate in staking and governance within the app.
Metamask on Phone
Image Source: Metamask.io

2) Valora Wallet

  • Platform: Mobile iOS and Android

    Valora is an intuitive and easy to use wallet specifically made for Celo.

A poll on Telegram indicated that most people prefer the Valor Wallet as opposed to all other software-based wallets.

Valora Wallet has a great design and is easy to use for less tech savvy people. You can request coins from people by using a phone number. Valora wallet also allows users to send Celo coins and tokens using phone numbers.

Valora Wallet allows users to use many DApps within the app itself using their custom in-app browser. They have a wide variety of DApps such as Ubeswap which is a DEX, Mobius, Symmetric DeFi, and much more. This is done easily using their great visually appealing user interface. Valora Wallet also allows users to stake using DApps which the app connects to using their browser.

Valora wallet allows users to swap between Celo and Celo-based stable coins such as cUSD and cEuro easily with their integrated DEX. Additionally, Valora allows users to purchase funds using credit cards, bank accounts and, exchanges from within the app.

We think it is the second-best wallet because of its functionality, ease of use, and visual appeal.

Pros

  • Celo-based wallet
  • Supports Celo assets including cUSD and cEuro.
  • Buy cUSD, cEuro with Exchange within the app.
  • Receive Celo, cEuro, and cUSD funds easily using a phone number.
  • Great looking user interface.
  • Easy to use and intuitive.

Cons

  • Lacks support for other Celo tokens
  • Unable to add custom Celo EVM tokens
  • Only supports Celo main network
  • Valora is a Hot wallet, meaning it is on a device that is exposed to the internet. Devices getting compromised can lead to loss of cryptocurrency
Image Source: Valora Website

1) Ledger Hardware Wallets (Nano S Plus and X)

  • Platform: Hardware Wallet

    The Ledger wallet is a hardware Cold wallet which is different from the other wallets in this list. It is the safest wallet in the world.

The most important feature of a wallet has to be safety. This is because assets can be hacked and stolen leading to financial losses. It is a cryptocurrency wallet that all professionals use, and all enthusiasts should have.

Celo is supported by installing their app on the ledger. Additionally, many apps like Metamask allow Ledger to connect to authorize transactions. This combines their ultrasafe cold wallet platform with an easy to use and visually appealing wallet.

Pros

  • The absolute safest wallet in the world.
  • Worldly recognized and known
  • Supports the Celo network and cryptocurrency
  • Cold Wallet, not accessible by internet.
  • Supports most used cryptocurrencies such as Bitcoin, Ethereum, Solana, Polkadot, ETC.

Cons

  • May be inconvenient to use for traders.
  • It is complicated to add Celo Network Support.
  • Costs about $79.99
Ledger Nano S Plus and X
image from Ledger Website

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