Different blockchains have their cryptocurrencies as well as how to store them. If you wish to interact with the Cardano blockchain and use ADA, Cardano’s native token, you’ll need a wallet that is perfect for the Cardano ecosystem.

Regardless of whatever activity you want to carry using Cardano, you’d need a wallet. If you want to buy NFTs belonging to the Cardano blockchain, lend ADA, or borrow ADA, you need a Cardano wallet. In this article, you’ll get a guide that will help you in creating a Cardano wallet.

What is a Cardano Wallet?

A wallet serves as a means to provide users access to secure their blockchain tokens. Whether it be cryptocurrencies or NFTs, your wallet gives you the means to go out and come in when it comes to blockchain.

With a Cardano wallet, you’d be able to get access to the Cardano blockchain and utilize its native currency- ADA. If you want to actively trade your assets, or hold them for a very long time, you’d need a wallet to help you with that. This is because, just like Ethereum, Solana, etc, Cardano is a blockchain of its own as well.

Types of Cardano Wallets

There are different kinds of wallets and it all depends on what you need. This will play a large role in determining which you would settle for. Let’s explore some of them.

Cardano Browser Wallets

These are the most popular types of wallets. They act as software or extensions as they are popularly called that you can simply connect to your browser, whether it be Chrome, Brave, Edge, etc.

With such extensions on your browser, you still have complete control of your keys and funds. Check out some of the browser wallets for Cardano here:

Nami Wallet

This browser-based wallet is available to be used on any Chrome-based browser. Users have said that it gives the best Cardano experience, leading to it having a high rating amongst other Cardano browser wallets.

With the Nami wallet, you can also store and receive assets, as well as delegate ADA to stake pools. They also have an engaging Twitter community as well as a YouTube channel where you can find tutorials on its usage.

Flint Wallet

Flint Wallet was launched in 2021 and is another awesome option for anyone who wants to use a Cardano wallet. Its UI is very sleek and smooth, thus using it would also help you to have a smooth experience as well

It is very easy to use and can be used as an extension on Chrome as well as on iOS or Android.

GeroWallet

GeroWallet is a very light wallet that is built with user experience as a key criterion. Accessing Cardano decentralized applications has now been made easier with GeroWallet.

With this wallet, you can get ADA, store, stake, as well as store NFTs on the Cardano blockchain.

EternlWallet

Eternl was formerly known as CCVaultio. It is a Cardano wallet that is available both as an extension for Chrome, Edge, Opera, etc. as well as iOS and Android support.

It allows you to send and receive ADA and other Cardano-based tokens. It also allows you to delegate ADA to over 3000 staking pools as well as to sign up for Catalyst voting.

Cardano Local Wallet

The difference between this wallet and the previous ones is that the local wallet does not offer web support. One such wallet is Daedalus.

Daedalus

To get this wallet, you’d need to install the software on your PC, be it Windows, Linux, Mac, etc. This local wallet was specifically created for ADA and the general Cardano ecosystem.

With the aid of Daedalus, you would have a full experience of the Cardano blockchain and have access to serve as a validator, giving you extra security for your assets. It is also open source and free to make use of. However, due to the kind of function it plays, it is a very heavy application.

Cardano Hardware Wallet

A lot of people prefer to use hardware wallets more often than not to store their cryptocurrency. Ledgers serve as the top cold storage wallet that serves as storage for tokens on multiple chains and Cardano is no exception.

Ledger

With a ledger, you can safely store your ADA with the help of encryption. They are stored offline, thus they serve to give an extra layer of security away from threats that are mostly found on the internet.

To make use of your ledger, you just need to connect it with your browser-based wallet or local wallet like those mentioned earlier.

Creating a Cardano Wallet

Of the wallets already mentioned, here are steps that would help you in creating some of them. Ensure to do enough research to know which is best suited for your needs.

Nami Wallet

Go to the website for Nami Wallet.
Click on the browser you want to install the wallet extension for Chrome, Brave, or Edge.
Click add to {the name of browser}.
Take note of your seed phrase.
Enter the seed phrase requested on the test to show that you kept the seed phrase safe.
Choose a befitting username and password that you’d remember.

Flint Wallet

Go to the Flint website.
Choose the method of download: iOS, Android, or the browser you want.
If it’s for a browser, click on add to {the name of browser} and wait for the extension to appear at the top of your browser screen
Open the installed extension; choose the language, then accept the terms and conditions.
Choose if you want to give the wallet access to use your data or not.
Choose if you want to use Mainnet or Testnet.
Choose if you want to connect to an existing hardware wallet, create a new one, or restore a wallet with the seed phrase you had before then.
Following your choice, you’d be directed down different prompts. You can follow the prompts you get from Flint. It should be easy to navigate.
However, if you choose to create a new wallet, take down your seed phrase.
Pass the seed phrase test to show that you took note of it.
Choose a password you’d remember and click on ‘Create my wallet’

Gero Wallet

Go to the GeroWallet website.
Click on ‘Download’
Click on ‘add to Chrome’
Select your preferred language and start
You can import an old wallet, connect to a hardware wallet, or create a new wallet.
If you choose ‘create a new wallet’, create your password, then accept the terms & conditions.
Take note of your seed phrase and pass the seed phrase test.
Create a name for your wallet as well as your choice of color.

Final Words

Now you have multiple choices to pick from when creating a wallet for the Cardano ecosystem. However, the decision on which wallet is best fully depends on your needs. You just need to do research and conclude on which would be best suitable to help you in whatever activity you want to carry on the blockchain.