update 18 August 2021

Multi-currency Crypto Wallets with Passive Income Features

Cryptocurrency wallets are especially useful tools that allow crypto enthusiasts to have quick access to their crypto assets. It’s worth mentioning that this is one way the global use of cryptocurrencies can become a reality in our daily lives. However, some multicurrency wallets have moved a step further, not only as a payment tool but also to serve other unique functions in the digital financial world.

Blockchain solutions have made it possible for crypto enthusiasts to use their cryptocurrency wallets as a haven to grow their assets and use them as a payment tool. Talk about such wallets, and the renowned ones in this industry are Flits app, Cobo Wallet, Trust Wallet, Huobi Wallet, etc. There are equally good options out there, but this review will focus mainly on the above wallets. The reasons are based on the security of funds and a good user interface, making most investors in this industry prefer using them.


flits crypto wallet allows cryptocurrency users to host decentralized masternodes and cold staking

It is a decentralized multicurrency wallet that comes with a decentralized cold staking feature and decentralized hosting masternodes. This is one thing that makes Flits wallet very unique among other passive income earning cryptocurrency wallets. While you entrust your funds’ security onto various platforms on which you stake, concerning other wallets, the Flits app, with its cold staking feature, puts users in full control of their funds while earning passively. Both staking and running masternodes are available in one-click solutions.

You don’t need any in-depth technical knowledge to set up a staking wallet or masternode. Currently, Flitsapp supports Bitcoin, Ethereum, Zcoin, PIVX, DIVI, and more than 60 masternodes and Proof-of-stake assets at a very affordable price for masternode owners. However, users running masternodes or staking can disable the features at any point in time and access their funds that very minute. Besides, swap technology has also been embedded into the wallet to allow users to sell their Bitcoin rewards. At the same time, other major coins will be supported in the nearest future. On the other hand, users can equally sell their rewards, purchase gift cards, and use them in over 50 online stores.

Cobo Wallet

cobo wallet is a mobile wallet with staking features enabled

An all-in-one wallet platform allows users to interact with their funds, stored on a hot wallet and cold wallet. This is a unique feature that Cobo has brought into this industry and other products that it also has. Cobo Vault comes with air-gapped hardware wallets that provide maximum security from any security breach attempts, as these hardware devices do not need any form of connection (Wifi, Bluetooth, USB connection) to execute a transaction.

Not only individual users, but Cobo Custody has been designed specifically for institutions that might want to keep funds safe for a common purpose. Multiple signatures, 2-FA authentication, is enabled on all these wallets to ensure absolute protection against its users’ funds.

Having a unique and simple graphic user interface makes using cryptocurrency wallets come with ease, and that’s exactly what Cobo wallet provides. Earning passively through the Cobo wallet is enabled for most of its crypto coins and over 700 tokens that allow staking on its network. Users can do this through their Cobo Cloud wallet, which can be accessed easily through the mobile wallet. All that needs to be done is to deposit the funds in there and enable the staking feature to start earning. Remember, it’s a cloud wallet, and you are not in full control of your funds. However, Cobo is one of the cryptocurrency wallets developing companies that are well-known for their secured systems.

Trust Wallet

trust wallet is one of the most popular cryptocurrency wallets that allways crypto staking

Known by its reputation as being owned by managers of Binance, Trust wallet is a multicurrency wallet that supports over 45 blockchains and almost any ERC-20 token deployed in the crypto industry. It is really known for its simplicity of use due to a simple basic user interface. The wallet is very secured and has made it one of the most popular mobile cryptocurrency wallets being used now. It also comes with an integrated swap technology that allows users to trade their cryptocurrencies with ease.

Bridging the gap between the traditional payment system and the digital payment system, users of the Trust wallet can also purchase cryptocurrencies with Visa and Mastercard. Staking is also enabled on this wallet for holders of TRON, KAVA, VET, TOMO, COSMOS, ALGO, etc. Staking can easily be done by depositing the respective asset and navigating through the app to get it up and running. However, users should note that some wallets require lock-up days, and disabling staking might not immediately release your rewards.

Huobi Wallet

huobi wallet has become popular lately thanks to its unique features

It is a multicurrency digital wallet developed by the Huobi group and supports over 1000 cryptocurrencies, including major coins, including ERC-20 Tokens. Huobi Group, known for its secured exchange platform, has developed this wallet with a robust design, keeping users’ funds secured beyond any form of breach.

Huobi wallet comes with a simple and attractive graphical user interface, making it simple for even average Joes to navigate without any glitch. Huobi has established partnerships with Changelly, making it possible for users to trade their cryptocurrencies for others through the wallet with ease. Furthermore, they provide staking services for major altcoins such as ATOM, IOST, ONT, LOOM, etc. at no fee. Like Flitsapp, staking is on-chain. Hence users need not deposit their coins onto a staking wallet, and they can withdraw at any point in time.


price change

Proof of Stake as a consensus protocol came along with earning passively, which is the trend with most upcoming blockchain startups. Having a multi-currency wallet that supports staking features, swap technology puts you on the go with your digital assets. Whilst many wallets might have control of your funds while staking, Flitsapp is the only decentralized cold staking wallet that puts users in full control of their funds when staking or hosting masternodes. Besides, users can disable and withdraw their funds at any point in time, without any form of lockup periods.

More posts

Historical Hardfork Events Every Crypto Enthusiasts Should Know About

Blockchains have been gaining attention since the history of crypto. The highly advanced systems help decentralize and streamline financial systems globally. As the blockchain systems grow, investors start noticing issues and propose an upgrade. However, for any upgrade to occur, blockchain requires the consensus of all participants. If there is no consensus, two factions with opposite ideas may form. The developers may choose to go ahead with the upgrade but maintain the status quo in the original chain. At that point,…

Future Crypto Events that we Should Look Forward to

The crypto world is growing at an interesting rate, with new projects coming up every other month as solutions to the financial world. For that, people around the world hold annual events to celebrate crypto progress while at the same time discussing the future. Top industry experts and project developers often organize these events inviting reputable people in the fintech industry to offer ideas and opinions on several topics about cryptocurrencies. Some of the events occur annually, while others are…

Understanding Cardano’s Non-Interactive Proofs of Proof-of-Work

Cardano, the fifth-largest cryptocurrency by market cap and soon to be the second-largest Dapp center, is one of the unique blockchain technologies of 2021. In addition, Cardano has a native coin named Ada, performing very well in the crypto markets.  However, Cardano as a network adopted a sidechain system, where the network runs two blockchains. The original blockchain, the Cardano settlement layer(CSL), deals specifically with powering the Ada currency and other settlements done with Ada. It leverages POS to release…

Understanding How ADA Delegation Rewards are Calculated

Founded by Charles Hoskinson, Cardano is a blockchain platform seeking a decentralized application (DApp) development platform. The Cardano platform runs on the Ouroboros consensus protocol. In addition, it leverages the Delegated Proof-of-Stake (DPoS) consensus mechanism meaning that users can delegate their ADA to other pools to be staked and earn rewards.  The two primary ways ADA coin holders can invest and earn rewards on the Cardano blockchain include; running their own stake and delegating their ADA to a staking pool.…

5 Unique Features of Proof-of-Stake Crypto Projects

Ironically, decentralization, one of crypto assets' vital features, is a potential Achilles heel too. Eliminating third parties from transactions enables peer-to-peer exchanges. However, the absence of a third party also creates loopholes for double-spending by mischievous parties. It's for this reason that networks agree on specific consensus mechanisms. They are the rules and procedures that all devices in a network follow in confirming that certain blockchain transactions are correct. They also help in protecting the network against malicious activities, thereby…

Understanding the Crypto Reset Time

Humanity hangs in the balance as the deadly Coronavirus affects various sectors, including healthcare, manufacturing, finance, and many more. Since the beginning of the outbreak, governments and citizens have had to adopt a new lifestyle that involves quarantine and social distancing practices.  To offset the current pandemic situation, global stakeholders at the World Economic Forum came up with a radical solution known as the Great Reset, which aims to change the global economy. The meeting, which took place in June…

Common BTC Price Chart Patterns Every Day Trader Should Know About

For several years now, market patterns have been used by expert crypto investors to maximize incomes. They do this by knowing the right time to enter the market. Crypto investors have also been beneficiaries of market chart patterns, with some identifying a position of great prospect and investing.  Being the most popular asset with the highest volatility rate, Bitcoin has shown many different market patterns that can help investors maximize incomes. So what are the most common patterns in the…

How to Minimize Risks When Trading Digital Assets

The cryptocurrency revolution is moving full-steam ahead with increasingly global acceptance. For instance, India has seen its residents invest over $6.6 billion in crypto assets in May 2021. That figure is even more impressive when we discover that it grew from nearly $923 million in April 2020. Today, trading in digital assets is no longer available only for a handful of geeky investors worldwide. Instead, many see the rise of DeFi and the increasing popularity of cryptocurrencies as a unique…

Scenarios When the Value of Bitcoin Could go to Zero

There's no doubt that bitcoin is the most valuable crypto asset of our day. According to coinmarketcap, when writing this, the price of Bitcoin was around $31k. Even more, the market cap was almost $600 billion, twice the value of the second largest crypto asset. Bitcoins market capitalization is larger than the value of the first ten altcoins combined.  Expert analysts have predicted that in the future, the prices of bitcoin could increase to about $300k. Looking at the past…

Cryptocurrencies vs. Fiat Currencies; Which One is Greener?

Money oversees the majority of activities individuals intend to fulfill in their daily lives. By taking coins or paper money, fiat currencies can operate as legal payment tools regulated by a government. Cryptocurrencies began to feature in the market more than a decade ago to replace the traditional financial system with an advanced mode of transacting. Despite uplifting most users' lives and living standards, digital and fiat currencies portray specific impacts in the global environment. Generally, the environmental conservation topic…