In this article, we will tell you about the 6 Best Hedera wallets to manage HBAR Coins in 2022 safely.
HBAR is the cryptocurrency that powers the Hedera network. HBAR has a deterministic hashing algorithm that ensures that 21 million coins will be created, making it one of the most secure cryptocurrencies available today. HBAR can be used for peer-to-peer payments and secure the network through a system of weighted voting power.
Hashes are a cryptographic way of representing data. They permit you to use hashing as proof of what was once an unguessable input. Rather than using secret keys, hashes are just strings of numbers and letters, but they are mathematically much more secure than plain text passwords.
To safely manage Hedera Hashgraph’s native cryptocurrency, HBAR, in 2022, here are the best hedera wallets, including hardware wallets.
Currently, Hedera Hashgraph is working on fungible and non-fungible token issuance, scaling the number of transactions per second, layer two networks, and scheduled transactions. It is a good start to becoming a part of its ecosystem by getting a wallet.
Hedera Hashgraph: What is it?
As a public POS (proof-of-stake) network powered by hashgraph consensus, Hedera Hashgraph offers enterprise-grade security, fast transaction speeds, and low bandwidth consumption, by using the asynchronous Byzantine Fault Tolerance (aBFT) consensus algorithm.
The native cryptocurrency of the Hedera Hashgraph open public Ledger is HBAR.
The Hedera Hashgraph token is part of the world’s first blockchain with a carbon negative & low energy footprint commitment called Voluntary Ecological Markets (“VEM”).
Hedera Hashgraph can process 10,000 transactions per second, but we are working on scalability.
Global industry leaders and organizations from different sectors are part of the Hedera governance council, including IBM, LG, Google, Avery Dennison, Deutsche Telekom, Boeing, Standard Bank, Tata Communications, and others. We are responsible for hosting and maintaining the initial network nodes, establishing a governance framework for global markets, overseeing software development, and establishing a good working environment for developers in the future.
As a “sleeping giant” in the cryptocurrency space, Hedera Hashgraph blockchain and the HBAR might be one of the “sleeping giants” with all their practical knowledge and experience.
In addition, I have noticed that Hedera Hashgraph community members, like Cardano community members (except PRO traders) rarely sell their HBAR holdings.
Is HBAR compatible with hardware wallets?
D’CENT hardware wallet seems to be the best option right now for keeping your HBAR safe.
We explained at first that the Ledger Nano X/S could also be used, but decided to remove it from the list along with a few other wallets.
Top 6 Hedera wallets for HBAR Crypto in 2022
These are the 6 best Hedera wallets to manage your HBAR cryptocurrency safely and gain access to the Hedera ecosystem.
Although some wallets are ready to use, they are still in the development stage, so we won’t be playing around with them.
The best way to keep your cryptocurrency safe is to use a hardware wallet, which protects your private key on a physical device that is not accessible to others. You can read this article to learn about how hardware wallets work.
Cryptocurrency and wallet owners have 100% security with hardware wallets because their private keys (digital signatures) are stored inside the chip.
Almost everyone investing more than $100 into crypto assets except newbies uses a hardware wallet or multiple ones.
WallaWallet and MyHbarWallet are excluded from the list as they require HBARs for creation, WallaWallet is a mobile wallet where you must buy HBARs from the app, and MyHbarWallet is a browser extension that is not very well designed or inviting to new users.
That’s what we think.
In the end, we added the Edge wallet, which also requires HBAR to create, but it still works and is quite respected, so if you want, use it.
1. D’CENT (Hardware Wallet)
The D’CENT hardware wallet supports iOS and Android devices and communicates with the D’CENT app. The device has a very attractive design with a large OLED screen where you can clearly see all wallets, settings, transactions needing confirmation, and fingerprint authentication squares (the reason it’s called biometric) surrounded by four buttons for easy navigation.
High security certified at EAL5+ level with specially designed OS embedded in the microprocessor.
According to our tests, the D’CENT hardware wallet seems to be the best option for holders of HBARs. HBAR wallets are 100% safe.
The Hedera Hashgraph Council announced a partnership with D’CENT.
Due to the vast technical capabilities described above and Hedera holders’ custom to hold onto their HBARs and not sell them, the D’CENT hardware wallet appears to be the perfect match in 2022–23.
With the APP, you can easily send and receive HBAR, and you can also manually confirm all transactions on your hardware device using your safe, secure private key (your digital signature, which proves you own the wallet – coins).
You don’t need to enter MEMO when sending HBAR cryptocurrency to your D’CENT wallet address (some exchanges provide this field).
Learn how to set it up and use it to manage and secure your HBAR cryptocurrency in our review.
- Hardware wallet for HBAR that is safe
- The wallet does not require an initial HBAR
- The best way to secure your HBAR so far
The D’CENT hardware wallet is currently priced at $119,00.
2. Guarda (Desktop, Mobile, Browser Extension, Web wallet)
One of the reasons Guarda has its own review post on our website is that it’s one of my favorite cryptocurrency wallets.
There are four ways to use it: Web wallet, mobile wallet (Android/iOS), desktop wallet (Windows, Mac, Ubuntu), and Chrome extension.
HBAR, the native cryptocurrency of Hedera Hashgraph, can be stored in multiple wallets.
In addition to an integrated exchange, Guarda has a live chat support service that is available 24 hours a day. I have used it numerous times to assist me with my transactions.
- Multiple HBAR wallets can be created
- Multicurrency wallet that works well
- Non-custodial
- No usernames or passwords are required to open Hedera Hashgraph wallets in terms of no HBAR being required
- HBAR can be exchanged for other cryptocurrencies
3. Atomic (Desktop and Mobile)
In addition to supporting Windows, macOS, Ubuntu, Fedora, Debian, iOS, and Android, Atomic is a multicurrency wallet. HBAR is one of the 300+ cryptocurrencies it supports.
HBAR works flawlessly on my mobile device. HBAR can be exchanged for other cryptocurrencies.
At least for now, you can also buy certain cryptocurrencies (but not HBAR).
For wallet login, you can use a face/fingerprint ID instead of a password.
- A wallet that supports multiple currencies and is one of the oldest
- Non-custodial
- The Hedera Hashgraph wallet doesn’t require an initial HBAR and requires no usernames or passwords
- HBAR can be exchanged for other cryptocurrencies
4. Exodus (Desktop and Mobile)
Besides Windows, Linux, and Mac, Exodus multicurrency wallet is also compatible with Android and iOS. If you use Exodus wallets on multiple devices, you can sync them together.
It supports over 100+ cryptocurrencies, including HBAR, and has an integrated exchange.
In addition, you can stake certain cryptocurrencies that operate on blockchains that use the proof-of-stake protocol consensus.
- A good wallet that supports multiple currencies
- Non-custodial
- Hedera Hashgraph wallet requires no initial HBAR and has no username or password.
- HBAR can be exchanged for other cryptocurrencies
5. SimpleHold (Browser Extension, Mobile)
All major browsers are supported by SimpleHold, including Chrome, Firefox, Opera, Brave, and iOS and Android mobile apps.
You can begin sending and receiving HBAR right away by adding it to your browser. It is very easy to use, fast, and fully functional.
HBARs are not required at the time of wallet creation. With the lowest exchange fees in the industry, you can exchange HBAR for a wide variety of coins and tokens.
Other blockchains are also supported.
- User-friendly and fast
- Non-custodial
- The Hedera Hashgraph wallet does not require an initial HBAR, and there are no usernames or passwords to remember
- With the extremely low exchange fees, you can exchange HBAR with a huge number of other cryptocurrencies
6. Edge Wallet (Mobile)
The Edge Wallet can be used to manage HBAR. The Edge wallet is available for iOS and Android devices. In order to use the Edge app, you need to create a username and password. We don’t like this, but it’s fine.
Adding Fingerprint authentication as an extra layer of security is possible after setting the Pin code. You will get ready-to-use wallets for Bitcoin, Ethereum, and Bitcoin Cash, and you can add more later.
The one-time fee for creating an HBAR wallet is 4 HBAR, which can be withdrawn from ONLY the Ethereum wallet in the app.
We hope now you know everything about the top 6 Hedera wallets to manage your HBAR Coins safely.
