The best Tezos wallets put to the test | Review and guide

If you are looking for a Tezos (XTZ) Wallet, then you have come to the right place. In this article we introduce you to the best XTZ wallets, sorted by their level of security. Accordingly, we first introduce you to the best Tezos hardware wallets, followed by the best Tezos desktop, mobile and web wallets.

Before we come to our ranking, it is important that you have a basic understanding of the technology and the different types of crypto wallets. Therefore, we have prepared a small theoretical introduction to the topic. If you want, you can also skip this part (click here!).

The Basics - Wallet 101

A crypto wallet is a virtual wallet which, in contrast to wallets for paper money, does not store the money itself, but the access keys for it. The access keys are the so-called “private keys”. Depending on whether they are stored online or offline, there are two different types of wallets:

  • Cold wallets and
  • Hot wallets

The distinction between these two types is made on the basis of the characteristic “connection to the Internet”. Cold wallets keep the private keys offline. This means that the access keys are never connected to the Internet. This means that hackers have no way of accessing the access keys. In contrast, hot wallets store the private keys online. This means that the storage medium for the private key is at least temporarily in contact with the Internet. This gives hackers a potential point of attack!

This serious distinguishing feature is the reason why crypto investment companies and cryptocurrency exchanges store their non-liquid funds on cold wallets. In our opinion you should take an example and keep your access keys offline! For offline storage you can choose between a free paper wallet (a sheet of paper with the private key on it) and a hardware wallet.

Not only cold wallets, but also hot wallets can be divided into three different types. These have in common the fact that the private keys are stored on a medium that is connected to the Internet:

  • Tezos desktop wallets 
  • Tezos mobile wallets
  • Tezos online wallets
What is the Private and Public Key?

A cryptographic method, asymmetric cryptography, is used to encrypt data in cryptocurrencies. This is characterized by the fact that a key pair consisting of a private key and a public key is used for encryption. Both keys have an important meaning.

While the private key is the access key representing the ownership of the cryptocurrency, the public key is used to generate the wallet address (is a hash version of the public key). In contrast to the public wallet address, the private key should never be passed on to third parties. If you have the private key, you can access the wallet address and send and manage the associated tezos.

The best Tezos wallets at a glance

Below you will find a list of the best Tezos wallets, sorted by type and degree of security. In the further course of this article we will go into the individual wallets in more detail and discuss their strengths and weaknesses.

Wallet TypeName
Hardware Wallets
  1. Ledger Nano X
  2. Ledger Nano S
  3. Trezor Model T
Desktop- / mobile Wallets
  1. Galeon Wallet (Windows, MacOS, Linux)
  2. TezBox Wallet (Windows, MacOS, Android)
  3. Atomic Wallet (Windows, MacOS, Ubuntu, Debian und Fedora)
  4. Exodus Wallet (Windows, MacOS, Linux)
Online Wallets
  1. Kukai Tezos Wallet
  2. TezBox Wallet
  3. Binance Wallet

The best Tezos hardware wallets

Hardware wallets are the most secure option to store cryptocurrencies. They have the highest security standard and are more practical than paper wallets. Due to the architecture of the operating system of hardware wallets, the private key is never connected to the Internet.

This is possible because it is stored isolated in a partition of the hardware. Even if a Tezos transaction is released, the private key does not leave the wallet. This construction method makes it almost impossible for hackers to gain access to the private key.

The best hardware wallets are not only protected against digital raids, but also against their analog counterparts. All hardware wallets presented here can be secured by a PIN as well as a 2-factor authentication. Thus, even the physical theft of the device does not promise success, as the two security measures have yet to be overcome.

For us hardware wallets are therefore an absolute must-have if you want to invest in tezos and other cryptocurrencies and want to keep them over a longer period of time. In relation to your (presumable) investment the prices for a hardware wallet are very low.

In the following box we have compiled a summary of the advantages and disadvantages of hardware wallets:

The advantages of Tezos hardware wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ Support for over 1,000 cryptocurrencies
✅ Confirmation of each transaction by pressing a key required
✅ Regular updates
✅ Very good customer support

The disadvantages of hardware wallets are:
Not free of charge
❌ No deposit insurance, as with eToro

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

In our comparative test of eight hardware wallets, the Ledger Nano X took first place. Accordingly, it is also our first choice for the storage of Tezos (XTZ). The Ledger Nano X is the successor of the Ledger Nano S. In comparison, the Nano X has numerous new functions that clearly set it apart from its predecessor. The biggest innovation is the Bluetooth function, which enables the Nano X to be paired with a smartphone and operated like a mobile smartphone wallet.

In addition, work was also done on the security of the wallet and an improved security chip was developed. In addition, the internal memory of the Nano X has been significantly increased, allowing it to store up to 100 apps for cryptocurrencies, security features and other functions. Finally, the display has also been enlarged, making it much easier to check the Tezos address before releasing a transaction.

Conclusion: For us there is currently no better hardware wallet than the Ledger Nano X! Both the range of functions and the operation set a new standard that the competition must first outperform.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. In addition, new cryptocurrencies are constantly being added.
The operation of the Ledger Nano X is done via the 2 buttons on the top of the device, as well as the Ledger Live App. Both work very simply and intuitively, making the Nano X ideal for beginners.
Transparency & Fees

The Ledger Software is Open Source and therefore accessible to everyone. However, the code of the operating system is secret.

The fees for a Tezos transaction are displayed transparently. They correspond to the network charges. Ledger itself does not charge any fees.


Ledger’s technology is considered the industry leader. This applies not only to the private customer segment, but also to the corporate segment. The French company has numerous cooperations, including with Neufund, and Switcheo. In April 2019, the global Samsung Group also announced a USD 2.6 million investment.

Although there was initially a big outcry in the crypto community that the Bluetooth feature was not secure, it is not a security hole. Only non-critical data, neither the private key nor the recovery seed, is transferred via Bluetooth. Furthermore, a keystroke release with the Ledger Nano X is always necessary to send transactions. So you can use the Bluetooth function without hesitation.

2.Ledger Nano S

The Ledger Nano S is the most popular hardware wallet you’ve probably heard of before. It was released several years ago and has sold over 1.3 million copies worldwide since then. This makes it the most successful hardware wallet on the market. The popularity is also an indication of the strong security of the wallet. In the many years that the wallet has been on the market, hackers have never managed to steal cryptocurrencies from a user.

The other big advantage of the Nano S is the very low price of only 59 Euros. After the Nano X was released by Ledger, the price fell significantly. If you live without the new features of the Ledger Nano X, the Nano S offers an unbeatable price/performance ratio.

Supported cryptocurrencies
The Nano S is operated with the same Ledger Live software as the Nano X, so that the software (also for the Nano S) is always further developed. Ledger Live allows the Nano S to manage over 1,100 different cryptocurrencies. Because of the smaller memory only 5 apps can be installed at the same time. This means that users must install and uninstall the various apps to manage more than 5 cryptocurrencies. It is important to know that no data is lost as a result of this process.
The operation of the Ledger Nano S is very simple and intuitive. This is done via the 2 buttons on the device. Additionally the Ledger Live App is required. The software can be used to send and receive cryptocurrencies and to view the portfolio in real time.
Transparency & Fees

The Ledger Live Software is an Open Source Software and therefore completely transparent. However, the operating system of the Ledger hardware wallets is a secret.

The fees for a transaction (network fees) are shown tranparently in the Ledger Live software. Ledger itself does not charge any fees for using the software.

Ledger’s technologies are industry-leading and are not only implemented in Ledger’s hardware wallets, but are also used by various companies to store the private keys of cryptocurrencies.

3.Trezor Model T

Like Ledger, SatoshiLabs also launched a new hardware wallet, the Trezor Model T, in May 2019, completely overhauling its long-standing success model, the Trezor One. Compared to its predecessor, the Trezor Model T supports significantly more cryptocurrencies, which is realized with the new Trezor Bridge software.

This serves as a “bridge” between the Trezor hardware Wallet and numerous third-party software wallets. So the SimpleStaking Wallet must be used to store Tezos on the Trezor hardware wallet. In addition, the Trezor Model T offers the following functions and new features:

  • Touchscreen: The Trezor Model T has received a touch screen for the release of transactions.
  • Firmware upgrade: The firmware (Trezor Core) has been completely renewed and improved.
  • Faster processor: The Trezor Model T has a faster processor, which makes operation even smoother.
  • Micro SD card slot: A Micro SD card slot has also been added that can be used for data encryption.
  • USB-C port: The old USB port has been replaced by a modern USB-C port.

Conclusion: In our opinion, the Ledger Nano X performs better than the Trezor Model T in a direct price/performance comparison. This is due to the fact that the Nano X is around 60 euros cheaper and also has a few more useful functions. Regardless of this, the Trezor Model T is still one of the best and most secure hardware wallets on the market.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. This works via the Trezor Bridge software, which is compatible with third-party software such as SimpleStaking, MyEtherWallet, etc. A complete list of all supported cryptocurrencies can be found at this link.
The operation of the Trezor Model T is very simple even for beginners and also well explained. The Trezor Bridge software also provides many new useful features.
Transparency & Fees

The Trezor software and hardware is largely open source and publicly available on GitHub. The code was developed by Trezor with third-party extensibility in mind.

Before sending a transaction, the amount of the transaction fee can be set according to priority. There are no additional fees (other than network fees) for using the Trezor software.

Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. There is a good reason for this: safety. Together with Ledger, Trezor has the longest experience in developing hardware wallets. This is reflected both in the quality and the safety of the wallet.

The best Tezos desktop and mobile wallets

Both desktop and mobile wallets belong to the category of hot wallets, since the medium on which they are installed – the computer or smartphone – is at least temporarily connected to the Internet. As a result, they are ranked behind hardware wallets but ahead of web wallets in terms of their security standards. In contrast to web wallets, they have the advantage that the private keys are stored on their own device and not on an external server. However, they by no means offer the security of a hardware wallet.

The XTZ wallets presented in the following differ in some respects with regard to their functional scope. While Tezos specific wallets, such as the Galeon wallet and the TezBox wallet, offer the advantage of being fully compatible with the XTZ ecosystem, multi-coin wallets, such as the Atomic and Exodus wallets, do not offer these features.

However, they have the advantage that they can manage over 100 additional cryptocurrencies and have numerous other useful functions. Depending on which functions are more important to you, you should choose your wallet.

Desktop as well as mobile wallets are our top recommendation if you are looking for a free wallet for Tezos. Below we have compiled an overview of the advantages and disadvantages:

The advantages of Tezos desktop and mobile wallets:
✅ Sole control over the private keys
✅ Active participation in on-chain governance of the Tezos ecosystem
✅ Higher security than with online wallets
✅ Mobile wallets: Access to Tezos via Smartphone
✅ Multi-join wallets support over 100 cryptocurrencies

The drawbacks of Tezos desktop and mobile wallets:
❌ Less secure than hardware wallets (more vulnerable to hacker attacks)
❌ Responsibility to install regular updates
❌ No deposit insurance, as with eToro

Below you will find our top recommendations for secure and reputable Tezos desktop and mobile wallets:

The best Tezos Desktop and Smartphone wallets (iOS and Android)
  1. Galeon wallet (Windows, MacOS, Linux)
  2. TezBox wallet (Windows, MacOS, Android)
  3. Atomic wallet (Windows, MacOS, Ubuntu, Debian, Fedora)
  4. Exodus wallet (Windows, Mac, Linux. iOS, Android)

1.Galleon Wallet

Galeon wallet Tezos

Galleon is our top recommendation among the free Tezos (XTZ) wallets because it allows the user to interact with Tezos Contracts as well as delegate XTZ, with an easy-to-use interface designed specifically for beginners. The wallet’s developers are Cryptonomic, a New York-based start-up dedicated to decentralization and digital sovereignty funded by the Tezos Foundation.

The Galleon wallet is an open source wallet framework for Tezos tokens that is available in eight different languages and supports the use of a Ledger hardware wallet. The Galleon wallet is available on the official website for Mac, Windows and Linux.

Supported cryptocurrencies
Only Tezos (XTZ) is supported.
The operation is very simple and intuitive. The official website also offers tutorial videos on how to set up the wallet and how to participate in the OnChain Governance of Tezos by staking over the wallet.
Transparency & Fees
The wallet is an open source software whose source code is publicly available on GitHub. There are no fees for the use of the Galleon Wallet, apart from the usual Tezos network fees.
The security of the wallet can be classified as good. The private keys are stored encrypted exclusively on the user’s device. Furthermore, the Galleon wallet can be password protected and a backup can be created.

2.TezBox Wallet

Tezbox wallet


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TezBox was the first XTZ wallet with a graphical user interface (GUI), which was released during the Tezos Initial Coin Offering by a developer from the Tezos community. It is currently available for web (Google Chrome), desktop (Windows and MacOS) and mobile wallets (Android). In addition, an iOS and Linux version will follow soon. As this is a Tezos specific development, the TezBox wallet supports participation in on-chain governance.

In addition, the TezBox is a secure wallet interface for Tezos, as the private keys are stored exclusively on the user’s device. As an additional security layer, TezBox also enabled the integration of Ledger Nano and Trezor hardware wallets, making it the first wallet for Tezos.

The wallet’s user interface is very user-friendly. Developers can also easily integrate their dApps via the TezBox. You can download the wallet under this link.

Supported cryptocurrencies
Only Tezos (XTZ) is supported.
The operation should be very simple even for beginners in the crypto area. The user interface of the wallet is very user-friendly.
Transparency & Fees
The whole code of the TezBox wallet is online, open source and testable. TezBox is a completely decentralized wallet with a non-central server.

There are no fees for the download and use of the wallet beyond the network fees.

The private keys are stored by TezBox on the user’s device, where Trezor and Ledger hardware wallets can provide additional security. In addition, TezBox has successfully completed a number of security audits, including one by LeastAuthority.

3.Atomic Wallet

Atomic Wallet

If you don’t want to participate in Tezos OnChain governance and want to manage multiple cryptocurrencies in a single wallet, the Atomic wallet is a very good choice for you. The Atomic wallet is a multi-coin wallet that is compatible with over 300 cryptocurrencies.

This large number is probably one of the reasons why it is so popular. Another reason is surely that the developers around the founder of Changelly have focused their development on three central demands of the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

According to these crypto industry guidelines, both private keys and transaction data are stored encrypted on the user’s computer. This means that third parties have no access to this sensitive data. The third requirement – decentralization – is implemented by the fact that the wallet has the function of the Atomic Swaps.

This allows users to directly exchange cryptocurrencies, peer-to-peer, without the need for a third party to act as an intermediary. For cryptocurrencies that are not yet supported via Atomic Swaps, the Atomic wallet provides the Changelly and ShapeShift services integrated into the Wallet.

The wallet is available on the official website for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store.

Supported cryptocurrencies
Currently the Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC20 tokens
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which is self-explanatory even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees for the use of the Atomic Wallet, apart from the costs for setting up the TEZOS account. In addition, fees are charged for the additional features (Atomic Swaps, Changelly and ShapeShift.

The wallet does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys is the exclusive responsibility of the user, so that nobody else has access. Furthermore, a backup phrase can be created for the recovery case.

4.Exodus Wallet

Exodus Wallet

The Exodus wallet is a very popular Multi-Coin wallet which can store the private keys of more than 100 cryptocurrencies. The wallet is one of the oldest multi-coin wallets on the market and was released in July 2016. The wallet comprises three main components:

  • the Multi-Coin Wallet,
  • a portfolio tracker (in 30 fiat currencies)
  • and an integrated exchange service from ShapeShift.

The security and anonymity of the wallet is basically good. The private keys are stored locally and encrypted on the user’s computer and no personal data is requested before the download. Nevertheless, there are two points of criticism of the Exodus Wallet

  • Backup function via e-mail: Sending the backup by e-mail is potentially unsafe.
  • No 2-factor authentication (2FA): Since there is no 2FA, hackers “only” need to crack the password via the e-mail and then have full access to the wallet.

If these are not K.O. criteria for you, you can follow the following link, which will take you directly to the official website of the wallet (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Tezos, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero as well as a variety of ERC20 tokens.
The wallet is known for its ease of use and intuitive design. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has one (further) big criticism: The wallet is not open source. Accordingly, the users of the wallet must trust the developers and rely on the trustworthiness of the developers of the Wallet.

In principle, there are no additional fees for the Exodus Wallet. Only if you use the built-in service of Shapeshift to exchange cryptocurrencies, you have to pay a variable fee of 2-5 percent.

During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are stored on the servers of Exodus. The private keys and transaction data are encrypted and stored locally on the mobile devices.

The best online wallets for tezos

The big advantage of online wallets is that they are the easiest to set up and use wallet type. Unlike the other types of wallets, no installation or backup is required. Users only need to set up an account.

It is important to know that there are two types of online wallets. The better known type are the wallets of cryptocurrency exchanges, which are automatically set up with each account at an exchange. They offer the advantage that users can trade cryptocurrencies directly. This is probably also the main reason why they are so popular, although they have some serious disadvantages.

The biggest disadvantage is that the private keys are owned by the cryptocurrency exchange. As a result, users must be confident that the exchange will store their private keys securely and protect them from hacker attacks in the best possible way. The second type of web wallet are Tezos specific developments. This category includes in particular the TezBox web wallet and the Kukai Tezos wallet.

Below we have compiled an overview of all the advantages and disadvantages of online wallets:

The advantages of Tezos online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Tezos online wallets :
❌ Lower security standard as hardware and desktop and smartphone wallets
❌ The management of the private keys is transferred to a third party at exchanges.
❌ Danger of hacks of the exchange
❌ Some web wallet vendors have turned out to be scam in the past

The best Tezos Online wallets
  1. Kukai Tezos wallet
  2. TezBox wallet
  3. Binance

1.Kukai Tezos wallet

Kukai Tezos wallet

The Kukai wallet is an online open source Tezos storage wallet specifically designed for XTZ to support Tezos staking and baking. It offers both a desktop version (Windows, Mac and Linux) and a web client, which can be called from anywhere with an Internet connection conveniently via your own browser. When the Web client is called, the private keys are stored in the local memory of the Web browser (encrypted) and are never sent over the Internet.

The most important function of the Kukai wallet is the offline signing of transactions. This ensures that the private keys are never exposed to the Internet. Once the transaction has been signed offline, it can be sent later once an Internet connection has been restored. This simple, but powerful idea creates a very high level of security, which comes close to the security of a hardware wallet if this function is used correctly.

You can find the Kukai Tezos wallet on this official website.

Supported cryptocurrencies
Only Tezos (XTZ) is supported.
The user interface is very clear and simple. Even the “staking” and “baking” are very well explained and easily implemented.
Transparency & Fees
The Kukai is an open source wallet whose code is publicly available and verified. There are no fees for use.
Due to the possibility of offline signing of transactions, the security of the Kukai wallet can be classified as extraordinarily good. Because of this it is also our top recommendation among the web wallets.

2.TezBox web wallet

Tezbox wallet

The TezBox wallet was the very first XTZ wallet with a GUI, which was released during the Tezos Initial Coin Offering by a developer from the Tezos community. The Web version of the Wallet, like the other versions, stores the public and private keys on the user’s device. It also supports participation in on-chain governance.

You can access the wallet under this link.

Supported cryptocurrencies
Only Tezos (XTZ) is supported.
The operation is very simple even for beginners in the crypto area. The user interface of the wallet is designed to be user-friendly.
Transparency & Fees

The whole code of the TezBox wallet is online, open source and testable. TezBox is a completely decentralized wallet with a non-central server.

There are no fees for the download and use of the wallet beyond the network fees.

The private keys are stored by TezBox on the user’s device, where Trezor and Ledger hardware wallets can provide additional security. In addition, TezBox has successfully completed a number of security audits, including one by LeastAuthority.

3.Binance wallet


From our point of view, Binance is one of the best options for an exchange wallet. The crypto exchange has earned itself a very good reputation in recent years. Nevertheless, you should be aware that the safekeeping of your Tezos on Binance is not completely secure. The private keys are owned by Binance and are stored by the Exchange on the company servers (or cold storages).

In May 2019, Binance suffered one of the biggest hacks (after Mt. Gox) in Bitcoin’s young history when 7,000 BTCs were stolen. The hackers exploited a vulnerability in the Binance API. Even though Binance took responsibility for the hack, did not pass the loss on to its customers and significantly increased its security measures after the hack, this clearly shows the vulnerability of exchange wallets.

Our tip is therefore: Use the Binance wallet only as long as you actively trade in cryptocurrencies. For long-term storage, you should transfer your XTZ to another wallet, preferably a hardware wallet.

If you would like to register an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All cryptocurrencies traded at Binance can also be stored in the web wallets .
The handling of the platform can be a bit complicated and confusing for beginners. In our Binance Review we therefore explain in detail how you can make full use of the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance Review
Binance is considered one of the safest exchanges in the world. However, you should only keep your Tezos on the exchange as long as you actively trade them.
Exchange wallets have the serious disadvantage that you do not have the private keys and exchanges are popular targets for hacking attacks. Therefore you should use other wallets for the storage of your Tezos (XTZ). A good alternative among the web wallets is the Kukai Tezos Wallet!

Further important information about the Tezos wallet test

The information published in this article has been compiled by us to the best of our knowledge and experience. You should get more information yourself and test different wallets to find the best one for you.

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About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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