The Best Wallets for the Cronos Network Coin (CRO)

Best CRO Wallets of 2022

1.Freewallet

Freewallet might turn out to be one of the best CRO wallets of 2022 for investors. Its mobile and web URL extension wallets include CRO and many other crypto coins, with variants tailored to investors' needs.

Pros

To reaffirm its name, opening a wallet and transacting with other Freewallet users are free. It has variants for every investor and crypto of choice. The first is the all-encompassing multi-wallet, with the second being a range of 30 different wallets suited for different cryptos. The last, Freewallet Lite, has characteristics that fall in between. Another plus is its built-in exchange for extra convenience.

Among the more specialized add-ons is an option of buying gift cards and buying cryptos using cards. Other more specialized features can be availed on request by customers. The wallet's mnemonic converter and transaction trackers make trading more tailored.

Cons

As a hot wallet, it is more susceptible to cybercrimes than cold wallet variants.

2.Metamask

Metamask is another web URL extension and mobile app wallet conducive to the storage of CRO. Developed by the blockchain company ConcenSys, it differs from Freewallet by being very simplified in nature. Its transaction costs range between $0.3 and $0.875.

Pros

Metamask is a free-to-join wallet with a highly navigable user interface, making it one of the easiest to use, especially for beginners. Its dual availability as both a mobile app and a web URL extension gives users accessibility and convenience.

The wallet can be integrated with an exchange and support token swaps. The token swap supports a combination of data from market makers and decentralized exchange aggregators. It is well placed as a good one-stop shop for all basic transaction requirements.

Cons

It lacks a 2-factor authentication feature, which raises its susceptibility to attacks.

3.ImToken

ImToken is a top wallet of choice for experienced CRO holders. It has a web URL extension for hot storage, a hardware wallet for cold storage, and advanced trading features.

Pros

Among the advanced features is the ability to adjust transaction fees for personalized trading convenience. The higher the fee chosen, the faster the transaction speed experienced. As per trade demands, one can seamlessly shuffle between its ImKey cold hardware wallet and its hot wallet. The cold storage offers a better security deposit for larger CRO volumes, while the hot web URL extension wallet option is more convenient for daily transactions.

One can integrate their wallets with an exchange for even better convenience. The wallets come with a diverse Dapp browser compatible with three different blockchains.

Cons

The lack of a 2-factor authentication presents a higher security vulnerability risk.

4.Trezor Model T

Trezor Model T is the first of the list's cold storage-only wallet options. Known for its unparalleled security levels, it is the latest version of the Trezor Company’s hardware wallets. Access is via its USB port.

Pros

The Trevor model T boasts a perfect attack score, making it the list's most secure and therefore, the most conducive option for storing large CRO volumes. It comes with Micro SD-based pin encryption ability, a key contributor to its security.

Its web-based user interface and touch screen give it a good convenience store. Add to that the ability for users to access third-party exchanges like Changelly, and convenience goes a notch higher. One can store up to 1800 other cryptos.

Cons

The wallet price is around $316, a very high cost for most.

Ledger Nano X

Ledger Nano X is the second cold hardware wallet-only option on the list. At $165, it may seem like a cheaper version of Trezor T, but there are several distinguishing features which make it one of the best CRO wallets of 2022.

Pros

Ledger Nano X offers one of the best security features, second only to Trezor Model T. It has an easy-to-use interface with good storage space for a hardware wallet that supports 30 different apps.

Ledger Nano X comes with both a USB port and Bluetooth access for more convenience, something that's not available in most hardware wallet options. Owning the wallet guarantees one community support thanks to its open-source software.

Cons

The drawback of having Bluetooth integration is that it slightly increases susceptibility to cybercrimes.

Author's Note

Any crypto investor knows how important choosing the right wallet is. Security is the top feature, which why the list mentioned above consists of wallets without major attack incidents.

Freewallet provides users with the best-tailored wallets for their needs. Those opting for Metamask have simplicity in mind, thanks to how it includes all basic features. ImToken is more complex with higher levels of customization, suitable for experienced CRO traders. Trezor Model T's offer the best security against cybercrime, perfect for bulk storage. Ledger Nano X in turn, offers very good security features but with comparatively more accessibility.

Hopefully, this list of the best CRO wallets of 2022 will turn out to be useful the next time you’re wondering where to store your CRO coins.