Best Crypto and Bitcoin Wallets in Malaysia 2025

As the cryptocurrency market continues to grow in complexity and adoption, having a reliable crypto wallet is more critical than ever for investors and traders in Malaysia. Whether you're a seasoned crypto enthusiast or just starting your investment journey, choosing the right wallet can significantly impact your security, convenience, and access to decentralized finance (DeFi), staking rewards, and cross-chain interactions.

This guide will dive into the 20 best crypto wallets for 2025, covering both hot wallets and cold wallets to suit every investment strategy and security preference. 

What Is a crypto wallet?

A cryptocurrency wallet is a digital tool that allows users to securely store and manage their private keys—critical pieces of information required to access and control cryptocurrency assets. These wallets act as an interface for users to interact with blockchain networks, enabling the sending and receiving of cryptocurrencies.

Unlike physical wallets that hold cash or cards, crypto wallets store the private and public keys needed to access your funds on the blockchain. They provide a safe way to sign transactions and verify your ownership of digital assets without directly exposing sensitive information.

Modern wallets have evolved significantly to make blockchain technology more accessible to everyone. In the early days of cryptocurrency, sending crypto required manually entering lengthy cryptographic keys, a process prone to errors. Today, wallet software automates most of these steps, offering user-friendly interfaces and features like QR code scanning for seamless transactions.

The concept of the crypto wallet dates back to Bitcoin’s inception. The first wallet was created by Bitcoin’s developer, Satoshi Nakamoto. Hal Finney, a prominent figure in Bitcoin’s history, became the first recipient of a Bitcoin transaction when Nakamoto sent him 10 bitcoins as a test. This simple transaction marked the beginning of the cryptocurrency revolution.

How does a crypto wallet work?

Crypto wallets work by interacting with blockchain networks to facilitate transactions and manage cryptocurrency holdings. While cryptocurrencies themselves are not physically stored in wallets, these tools are essential for accessing and transferring your digital assets. Here’s how they function:

1. Private and Public Keys:
   - A crypto wallet generates a pair of cryptographic keys: a private key and a public key.
   
   - The private key is a secret code that grants access to your funds and is used to sign transactions.
   
    - The public key is derived from the private key and acts as an address for receiving cryptocurrency. Think of it like an email address for your crypto.
2. Accessing the Blockchain:
   - When you open a wallet, it scans the blockchain for transactions associated with your public key. This allows it to display your balance in the app interface.
   
   - Wallets do not “store” cryptocurrency; instead, they keep the keys that provide access to the blockchain records.
3. Sending Cryptocurrency:
   - To send cryptocurrency, you enter the recipient’s wallet address, specify the amount, and sign the transaction with your private key.
   
   - The wallet communicates with the blockchain network to broadcast the transaction, which is then verified and added to the blockchain.
4. Receiving Cryptocurrency:
   - To receive crypto, you simply share your public wallet address with the sender.
   
   - The sender’s wallet uses this address to broadcast the transaction, which gets recorded on the blockchain once verified.
5. Integrated Features:
   - Many modern wallets come with additional functionalities, such as QR code scanning, which simplifies the process of entering wallet addresses.
   
   - Some wallets also support in-app staking, token swaps, or access to decentralized applications (DApps).
6. Transaction Fees:
   - Wallets allow users to customize transaction fees based on their priorities. Higher fees generally result in faster transaction confirmations, while lower fees may take longer to process.

Crypto wallets simplify what would otherwise be a complex process of interacting with blockchain technology. Whether you're sending, receiving, or managing assets, these wallets ensure secure and efficient access to your cryptocurrency.

Type of crypto wallet - Cold and hot wallet

Crypto wallets can be broadly classified into two categories: cold wallets and hot wallets. 

Cold wallets: Maximum security for long-term storage

Cold wallets are offline wallets designed for high security, making them immune to hacking attempts. These wallets are ideal for long-term investors who prioritize asset safety over accessibility.

Pros:

• Offline storage eliminates hacking risks.
• Perfect for holding large crypto holdings.
• Non-custodial, meaning you retain control of your private keys.

Cons:

• Less convenient for frequent transactions.
• Requires additional steps to access funds.
• Hardware wallets can be expensive.

Hot wallets: Convenience for everyday use

Hot wallets are connected to the internet, providing real-time access to your crypto. These wallets are better suited for users engaging in daily transactions, trading, or interacting with decentralized applications (DApps).

Pros:

• User-friendly and accessible.
• Supports DeFi, staking, and NFT interactions.
• Many are free or low-cost.

Cons:

• Vulnerable to hacking and phishing attacks.
• Requires regular updates to maintain security.

Key differences between cold wallets and hot wallets

Best crypto wallets for 2025 compared

Here’s an in-depth look at the 20 best crypto wallets for 2025, each with unique features to suit different types of investors and use cases. We’ve categorized them into cold and hot wallets for easy comparison.

Investing in crypto through StashAway’s Bitcoin and Ethereum ETFs

For those hesitant about the complexities of securing crypto wallets or navigating exchanges, StashAway offers a simpler, more secure alternative. Malaysia’s largest digital investment platform now includes Bitcoin (BTC) and Ethereum (ETH) ETFs as part of its offerings, providing a regulated and trusted way to invest in these major cryptocurrencies without the hassle of managing private keys or wallet security.

This move comes at a time of increased institutional interest in cryptocurrencies, particularly as Bitcoin’s price surpasses the USD $100,000 mark. With support for crypto-friendly regulations growing globally, StashAway has responded to client demand for a secure and straightforward way to diversify portfolios with crypto exposure.

Investors can access BTC and ETH ETFs through StashAway’s Flexible Portfolios, which allow for customized investments across over 70 ETFs, spanning asset classes like equities, bonds, gold, and now cryptocurrencies.

This enables Malaysians to gain exposure to crypto while benefiting from traditional diversification. The crypto ETFs available include the Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH), both of which come with a low expense ratio of 0.25% per annum.

StashAway’s competitive fee structure, ranging from 0.2% to 0.8% annually, ensures transparency, and there are no lock-ins or minimum investment requirements. For portfolios containing only one ETF, a flat fee of 0.3% applies. This simplicity and low cost make investing in cryptocurrencies accessible and secure for both new and seasoned investors.

By investing in crypto ETFs with StashAway, investors can avoid the risks associated with private key management, wallet hacking, or the unpredictable fees of crypto exchanges. With over RM 1 billion in assets under management and a strong regulatory framework, StashAway provides peace of mind and an easy way to add Bitcoin and Ethereum to a diversified portfolio. 

1. Ledger Nano X (Cold Wallet)

Platform: Hardware (Bluetooth and USB-C)

Supported Cryptos: 5,500+ coins and tokens

Cost: $149

Best For: Long-term investors prioritizing security.

Key Features:

• Offline storage for maximum security.
• Bluetooth connectivity for mobile management.
• Staking support for various cryptocurrencies.
• Integration with the Ledger Live app for portfolio tracking and DeFi access.

Pros: ✔️ Maximum security. ✔️ Compatibility with major coins and tokens. ✔️ User-friendly interface with Ledger Live app.

Cons: ❌ High cost compared to other wallets. ❌ Bluetooth security concerns for some users.

2. Trezor Model T (Cold Wallet)

Platform: Hardware (USB-C)

Supported Cryptos: 1,800+ coins and tokens

Cost: $219

Best For: Security-conscious users.

Key Features:

• Touchscreen interface for ease of use.
• Shamir Backup for advanced recovery.
• Open-source firmware for transparency.

Pros: ✔️ Advanced recovery features. ✔️ Transparent open-source firmware. ✔️ Wide crypto support.

Cons: ❌ Expensive compared to similar wallets. ❌ No Bluetooth support, limiting mobile usability.

3. MetaMask (Hot Wallet)

Platform: Browser Extension, Mobile App

Supported Cryptos: Ethereum and EVM-compatible networks

Cost: Free

Best For: DeFi and NFT enthusiasts.

Key Features:

• Supports hardware wallet integration.
• Custom RPC configuration for privacy.
• Built-in phishing protection.

Pros: ✔️ Free and easy to set up. ✔️ Hardware wallet integration. ✔️ Extensive ecosystem support.

Cons: ❌ Limited multi-chain functionality compared to competitors. ❌ Online vulnerability to phishing and malware.

4. Trust Wallet (Hot Wallet)

Platform: Mobile, Browser Extension

Supported Cryptos: 4.5M+ tokens across 100+ blockchains

Cost: Free

Best For: Mobile-first users.

Key Features:

• Multi-asset support including NFTs.
• Built-in staking and DApp browser.

Pros: ✔️ Intuitive interface. ✔️ Wide-ranging asset support. ✔️ No account registration required.

Cons: ❌ No two-factor authentication (2FA). ❌ Vulnerable to online threats as a hot wallet.

5. SafePal S1 (Cold Wallet)

Platform: Hardware

Supported Cryptos: 30,000+ tokens

Cost: $49.99

Best For: Budget cold storage.

Key Features:

• Air-gapped design for offline security.
• Self-destruct mechanism for tamper protection.

Pros: ✔️ Affordable without compromising security. ✔️ Compact and portable. ✔️ Supports DeFi and NFT management.

Cons: ❌ Requires frequent QR code scanning for transactions. ❌ No Bluetooth or USB connectivity.

6. Coinbase Wallet (Hot Wallet)

Platform: Mobile, Browser Extension

Supported Cryptos: Multiple assets, including Bitcoin and Ethereum

Cost: Free

Best For: Coinbase users seeking a non-custodial wallet.

Key Features:

• Biometric authentication and encrypted backups.
• NFT and DApp support.

Pros: ✔️ Easy integration with the Coinbase ecosystem. ✔️ Robust multi-platform support. ✔️ Free to use.

Cons: ❌ Internet connectivity exposes it to potential hacking risks. ❌ Limited functionality for non-Coinbase users.

7. Exodus (Hot Wallet)

Platform: Desktop, Mobile

Supported Cryptos: 260+

Cost: Free

Best For: Beginners.

Key Features:

• Built-in exchange and staking options.
• NFT gallery support on Solana.

Pros: ✔️ Beginner-friendly interface. ✔️ Includes staking options. ✔️ Multi-platform support.

Cons: ❌ Limited to hot wallet functionality. ❌ No multi-signature support for extra security.

8. Crypto.com DeFi Wallet (Hot Wallet)

Platform: Mobile, Desktop, Browser Extension

Supported Cryptos: 1,000+ tokens

Cost: Free

Best For: DeFi-focused users.

Key Features:

• Non-custodial security with private key control.
• Integrated DeFi protocols for earning and swapping tokens.

Pros: ✔️ Advanced DeFi tools. ✔️ Highly secure non-custodial wallet.

Cons: ❌ Complex for beginners. ❌ Potentially high transaction fees on certain networks.

9. Zengo (Hot Wallet)

Platform: Mobile

Supported Cryptos: 120+

Cost: Free / $19.99/month

Best For: Users avoiding traditional seed phrases.

Key Features:

• Multi-Party Computation (MPC) for no seed phrase.
• Web3 Firewall for phishing protection.

Pros: ✔️ Easy-to-use for non-technical users. ✔️ No need to manage a seed phrase.

Cons: ❌ Limited asset support. ❌ Relies heavily on cloud backups.

10. Guarda (Hot Wallet)

Platform: Mobile, Desktop, Web

Supported Cryptos: 400,000+

Cost: Free

Best For: All-in-one crypto management.

Key Features:

• Staking and crypto loans.
• Prepaid Visa card for crypto payments.

Pros: ✔️ Extensive crypto support. ✔️ Cross-platform accessibility. ✔️ Built-in staking for earning rewards.

Cons: ❌ Advanced features may overwhelm beginners. ❌ No native two-factor authentication.

11. BitBox02 (Cold Wallet)

Platform: Hardware (USB-C)

Supported Cryptos: Bitcoin, Ethereum, ERC-20 tokens

Cost: $129

Best For: Privacy-conscious users.

Key Features:

• Open-source firmware for transparency.
• Anti-tampering mechanism.

Pros: ✔️ Privacy-focused design. ✔️ Compact and user-friendly. ✔️ High security for sensitive assets.

Cons: ❌ Limited multi-chain support. ❌ Not as feature-rich as other hardware wallets.

12. Atomic Wallet (Hot Wallet)

Platform: Desktop, Mobile

Supported Cryptos: 500+

Cost: Free

Best For: Users seeking decentralized exchanges (DEX) integration.

Key Features:

• Built-in token swaps and staking.
• Non-custodial wallet with full control.

Pros: ✔️ Decentralized wallet with no KYC. ✔️ Beginner-friendly interface. ✔️ Staking options for multiple cryptos.

Cons: ❌ No two-factor authentication (2FA). ❌ Limited customer support.

13. Mycelium (Hot Wallet)

Platform: Mobile (iOS, Android)

Supported Cryptos: Bitcoin, Ethereum

Cost: Free

Best For: Bitcoin maximalists.

Key Features:

• Advanced privacy features like Tor.
• Hardware wallet integration (Ledger, Trezor).

Pros: ✔️ Strong focus on privacy. ✔️ Customizable and Bitcoin-focused. ✔️ Supports hardware wallet integration.

Cons: ❌ Limited altcoin support. ❌ Interface can feel outdated for modern users.

14. Ellipal Titan (Cold Wallet)

Platform: Hardware

Supported Cryptos: 10,000+ tokens

Cost: $169

Best For: Users seeking tamper-proof cold storage.

Key Features:

• Air-gapped security with QR code transactions.
• Anti-tamper technology.
• Supports multiple DApps.

Pros: ✔️ High security with an air-gapped system. ✔️ Supports a wide range of cryptos. ✔️ Easy-to-use touchscreen interface.

Cons: ❌ Expensive compared to other hardware wallets. ❌ Larger and less portable than competitors.

15. Binance Wallet (Hot Wallet)

Platform: Mobile, Desktop, Browser

Supported Cryptos: Thousands, including Binance Smart Chain tokens

Cost: Free

Best For: Binance users.

Key Features:

• Easy integration with Binance exchange.
• Supports staking and DApps.

Pros: ✔️ User-friendly for Binance users. ✔️ Supports a wide variety of assets. ✔️ Integrated staking and DeFi features.

Cons: ❌ Reliant on Binance infrastructure. ❌ Security risks associated with hot wallets.

16. Phantom Wallet (Hot Wallet)

Platform: Browser Extension, Mobile

Supported Cryptos: Solana, Ethereum, Polygon, and SPL tokens

Cost: Free

Best For: Multi-chain users looking for a versatile Web3 wallet.

Key Features:

• Seamless Multi-Chain Swaps: Swap tokens across Solana, Ethereum, and Polygon directly within the wallet with a 0.85% swap fee.
• NFT Management: Manage, store, and group NFTs across supported blockchains with features to hide spam and view metadata such as floor prices and last sale prices.
• DeFi Integration: Enables staking for Solana tokens and easy connection to DApps across all supported chains.
• Ledger Integration: Connect your Ledger hardware wallet for added security across Solana, Ethereum, and Polygon (only supported on Chrome, Brave, and Edge).
• Non-Custodial Security: Users maintain full control of private keys, ensuring no third-party access.

Pros: ✔️ Broad multi-chain support for DeFi, NFTs, and swaps. ✔️ Highly secure with scam detection and daily-updated blocklists. ✔️ Easy-to-use interface on both desktop and mobile. ✔️ Integration with major NFT marketplaces like OpenSea and Magic Eden.

Cons: ❌ Ledger integration not available for Firefox or mobile apps. ❌ Limited staking options to Solana tokens only.

17. Cobo Vault Pro (Cold Wallet)

Platform: Hardware

Supported Cryptos: Bitcoin, Ethereum, and ERC-20 tokens

Cost: $299

Best For: Institutional-level security.

Key Features:

• Military-grade encryption.
• Air-gapped signing with QR code.
• Self-destruct feature for tamper protection.

Pros: ✔️ Extremely robust build quality. ✔️ Maximum protection for sensitive assets. ✔️ Designed for institutional use.

Cons: ❌ Expensive. ❌ Bulky compared to other hardware wallets.

18. Argent Wallet (Hot Wallet)

Platform: Mobile (iOS, Android)

Supported Cryptos: Ethereum and ERC-20 tokens

Cost: Free

Best For: Ethereum enthusiasts.

Key Features:

• Smart contract wallet with social recovery.
• No seed phrase required.
• Integrated DeFi options.

Pros: ✔️ User-friendly and beginner-focused. ✔️ Eliminates seed phrase risks. ✔️ Gasless transactions for specific tokens.

Cons: ❌ Limited to Ethereum tokens. ❌ Lacks support for other blockchains.

19. CTRL (Hot Wallet)

Platform: Browser Extension, Mobile

Supported Cryptos: Bitcoin, Ethereum, Polygon, Solana, and over 2,100 blockchains

Cost: Free

Best For: Multi-chain users looking for a seamless and versatile wallet.

Key Features:

• Gas Tank Feature: Pre-fund gas fees using USDC, $CTRL, or $XDEFI tokens for smoother transactions.
• Multi-Chain Compatibility: Supports EVM-compatible chains like BSC, Arbitrum, and Optimism, as well as Bitcoin, Solana, and Cosmos IBC chains.
• NFT Management: Organize, track, and manage NFTs across various blockchains with ease.
• Social Login Onboarding: Allows users to create wallets using social accounts like Google and Facebook, alongside traditional recovery phrase options.

Pros: ✔️ Supports an extensive range of blockchains. ✔️ User-friendly onboarding with multiple setup options. ✔️ Gas tank feature simplifies fee management. ✔️ Clean interface with portfolio tracking and token watchlists.

Cons: ❌ Beta version still has bugs, such as balance delays and gas tank glitches. ❌ Lacks a passcode login option for those who prefer it over Face ID.

20. Coinomi Wallet (Hot Wallet)

Platform: Mobile, Desktop

Supported Cryptos: 1,700+ assets

Cost: Free

Best For: Multi-asset management.

Key Features:

• Built-in exchange for seamless trading.
• Multi-language support.
• High privacy standards.

Pros: ✔️ Wide asset support. ✔️ Simple to use for beginners. ✔️ Cross-platform compatibility.

Cons: ❌ Lacks advanced DeFi integrations. ❌ Basic security features compared to others.

How to Choose the Right Crypto Wallet

Choosing the right crypto wallet isn’t just a matter of picking the first option that appears online—it’s about aligning the wallet’s features and functionality with your personal goals and crypto strategy. Here’s what to consider when selecting the perfect wallet:

1. Purpose of Use

Your intended use of cryptocurrency plays a pivotal role in determining the type of wallet that suits you best:

• Active Traders and Frequent Transactions: If you plan to trade frequently or use crypto for daily transactions, hot wallets are ideal. These wallets offer real-time access and are connected to the internet, ensuring convenience and speed.
• Long-Term Investors: For those aiming to store assets securely over an extended period, cold wallets are the better choice. They provide offline storage, significantly reducing the risk of hacking.

Defining your crypto objectives helps narrow down the type of wallet that fits your needs, whether for day-to-day usage or long-term asset security.

2. Security Features

Security is non-negotiable when it comes to crypto wallets. Some essential features to look for include:

• Control Over Private Keys: Non-custodial wallets allow you to control your private keys, ensuring greater security and ownership. Custodial wallets, managed by third-party providers, may be more convenient but involve placing trust in external security measures.
• Two-Factor Authentication (2FA): An added layer of security that requires a secondary verification step before accessing your wallet or making transactions.
• Encryption: High-level encryption ensures that sensitive data, such as private keys and transaction histories, is secure against hacking attempts.
• Multisignature Wallets (Multisig): These require multiple private keys to authorize a transaction, making them an excellent choice for shared assets or organizational use.

3. Supported Cryptocurrencies and Assets

Wallets differ in the range of cryptocurrencies they support. Consider the following:

• Multi-Asset Support: If you plan to diversify your portfolio, choose a wallet that supports a wide range of cryptocurrencies, including altcoins and NFTs.
• Specialized Wallets: Some wallets are designed for specific assets, such as Bitcoin or Ethereum. Ensure compatibility with the tokens you intend to hold or trade.

4. Reputation and Reviews

A wallet’s reputation is a strong indicator of its reliability and security. Look for wallets with:

• Positive User Feedback: Read reviews to understand user experiences and potential issues.
• Track Record: Choose wallets with a history of maintaining robust security standards.
• Recognition: Awards or endorsements within the crypto industry can highlight a wallet’s credibility.

5. User Interface and Functionality

An intuitive, user-friendly interface is crucial for managing your assets efficiently. Look for wallets that:

• Simplify Transactions: Features like QR code scanning and address books can streamline your experience.
• Integrate with dApps: Compatibility with decentralized applications ensures smoother interaction with the Web3 ecosystem.
• Offer Additional Features: Staking, yield farming, and biometric authentication can enhance functionality and security.

6. Fees and Costs

Understand the fee structure associated with wallets, including:

• Transaction Fees: Vary depending on network congestion and transaction size.
• Exchange Fees: Applied when buying or selling crypto through integrated exchanges.
• Withdrawal Fees: Charged for transferring funds out of the wallet.

While software wallets are generally free, hardware wallets require an upfront investment. Consider your budget and long-term goals when evaluating these costs.

How to Secure Your Crypto Wallet

Protecting your cryptocurrency wallet is essential to safeguard your digital assets against loss, theft, or unauthorized access. While blockchain technology is inherently secure, your wallet and private keys are potential points of vulnerability. Here are actionable tips to secure your wallet effectively:

1. Diversify Wallet Usage and Employ Cold Storage

Avoid storing all your cryptocurrencies in one wallet. Distribute your holdings across multiple wallets to minimize the impact of a breach. Use cold wallets, such as hardware wallets (e.g., Ledger, Trezor), for long-term storage. These wallets are offline, making them nearly immune to hacking attempts.

2. Maintain Mobile and PC Security

Keeping your devices secure is also essential. Avoid public Wi-Fi, as hackers often exploit unsecured networks to access devices. Turn off auto-updates and delay updating to ensure no security vulnerabilities exist in the latest version. 

Enable two-factor authentication (2FA) using apps like Google Authenticator for an added layer of security during wallet access. Password-protect your devices to prevent unauthorized individuals from accessing your wallet or related apps. 

Additionally, disable automatic password-saving features in browsers and regularly update your antivirus software to protect against malware and phishing.

3. Backup and Protect Private Keys

Store your private keys offline, away from any connected devices, and create multiple backups of your private keys and recovery phrases. These should be stored in secure, separate locations, such as a bank safe deposit box. Avoid sharing or displaying your private keys publicly to ensure they remain secure.

4. Stay Vigilant Against Phishing Scams

Only download wallet apps or software from official sources and double-check URLs before entering sensitive information. Ensure websites begin with "https" and display a lock icon. Be cautious of emails or messages impersonating wallet providers and never share your private keys or recovery phrases.

5. Double-Check Transaction Details

Always verify the recipient’s wallet address before sending funds, as malicious software can manipulate copied addresses. To ensure accuracy, send a small test amount before transferring large sums.

6. Secure Web Wallet Access

Use wallets with SSL encryption, indicated by a lock icon and "https" in the URL. Avoid accessing web wallets on shared or public computers to reduce the risk of unauthorized access.

7. Minimize Exchange Storage

Keep only the funds needed for active trading on exchanges and transfer the rest to a private wallet where you control the keys. Remember the rule: "Not your keys, not your crypto."

8. Limit Disclosure of Holdings

Refrain from publicly discussing your cryptocurrency holdings to avoid making yourself a target. If holding significant amounts, use multisignature wallets for added security to reduce the risk of unauthorized access.

9. Use a Dedicated Device for Crypto

Consider using a separate mobile device or computer solely for cryptocurrency-related activities. This device should remain free of unnecessary apps or unrelated activities, minimizing the risk of potential breaches.