Crypto Wallet Ranking Sees Clumping at the Top

In one of the wildest and worst weeks crypto has had in years, wallets certainly got more than their fair share of attention as a whole lot of crypto owners panicked, sending price of almost every cryptocurrency crashing.

The fear of missing out (FOMO) crowd that bought bitcoin when it was soaring got demolished, with the first cryptocurrency falling briefly back to its pre-boom 2020 prices. The FUD, crowd, however, had plenty of reasons for fear, uncertainty and doubt.

The Top 5

In the fifth edition of the PYMNTS Provider Ranking of Cryptocurrency Wallets, No. 1 is back to three wallets, with Binance jumping into the top of a perfect score triumvirate that also included perennial top scorer Coinbase and Crypto.com, both also ranked No. 1.

No. 2 was also a bit expansive, with Blockchain.com last weeks No 4 and Trust Wallet tied for second place with a score of 91.

Which youll note, makes five wallet providers in the top two slots.

However, that left Gemini in the No. 3 slot again, even though its score dropped two points to 89.

The Abra Bitcoin and Crypto Wallet jumped to No. 4, rising another two slots from its list debut, rising six points this week after last weeks memorable 20-point leap. The Safepal Crypto Wallet held onto No. 5.

The Top 10

The top 10 got pretty crowded this week with the Wirex Card and Multicurrency Crypto Wallet taking the sixth slot and Bakkt jumping one level to No. 7.

Then there were a pair of twins, with Bitcoin Wallet and Strike at No. 8 and BitPay and Unocoin at No. 9. While Unocoin stayed on for a second week, payments processor BitPay and the ZenGo Crypto and Bitcoin Wallet both entered the list this week, with ZenGo at No. 10.

——————————

NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORE CARDS APRIL 2022

About: Shoppers who have store cards use them for 87% of all eligible purchases but this doesnt mean retailers should boot buy now, pay later (BNPL) options from checkout. The Truth About BNPL And Store Cards, a PYMNTS and PayPal collaboration, surveys 2,161 consumers to find out why providing both BNPL and store cards are key to helping merchants maximize conversion.