Axie Infinity Wallet Choosing Guide

AXS is the native token of the popular blockchain game Axie Infinity. It has utility inside the game as well as offers an investment opportunity for crypto traders. AXS is an ERC20 token on the Ethereum blockchain meaning holders have a wide array of wallets to choose from. More options don’t always mean better options though. Navigating the world of crypto wallets can be tricky and not all are created equal. So this Axie Infinity wallet choosing guide will help you determine which wallet is best for you. 

Key talking points:

• Learn what an AXS wallet is and how they work
• Understand the main features of an AXS wallet
• Learn about AXS wallet security
• Compare different types of AXS wallets
• Discover what AXS wallets are best for you

What is an Axie Infinity wallet?

An Axie Infinity wallet is a wallet that enables you to hold AXS tokens. Aside from storage, crypto wallets let you send and receive transactions as well. Some more advanced wallets allow you to exchange, trade, lend, and earn crypto all in the same wallet. Wallet technology has evolved immensely over the years. No longer is a wallet just a key phrase on a piece of paper. Now, wallets are highly functional software that comes with various financial services. 

How does an Axie Infinity wallet work?

As mentioned above, there are different types of crypto wallets and each one works differently. However, the basics of an Axie Infinity wallet are the same. Each wallet comes with a set of keys, private and public. The private key is what you use to verify ownership of the wallet while the public key helps users receive cryptocurrency to their wallet. Simply put, the wallet is the gateway between the user and the blockchain. Users cannot interact with the blockchain without a wallet. The wallet does not physically store anything. It’s more of just a key that lets you access the blockchain and all the data inside of it. 

The main features you need in an Axie Infinity Wallet

When researching your Axie Infinity wallet, make sure it comes with the following features:

• Security and privacy
• Low or custom AXS transaction fees
• Two-factor authentication (2FA)
• Fiat onramps and offramps
• Low minimum deposit amount
• The ability to lock and unlock withdrawals at will
• Complete crypto exchange capabilities
• Customer support
• Multi-chain support
• Multisig
• Bonus features like Yields accounts, trading tools, and loans. 

Do I need an Axie Infinity Wallet to Buy or Trade AXS?

Yes! You cannot use cryptocurrencies at all without a wallet. So you must get a wallet first before buying AXS or any crypto for that matter. Some people may think cryptocurrencies are physical coins you can hold but that’s not true. It’s all digital and all on the blockchain. Hence, you need a wallet to buy, trade, hold or do anything with cryptocurrency at all. Happy hunting!

Are all Axie Infinity wallets secure?

We wish there was a world where everyone respected each other and there was no crime. That’s a fantasy world. Unfortunately, thieves are looking to separate you from your hard-earned cryptocurrency. That’s why it’s extremely important to pick an Axie Infinity wallet that’s secure. Please do your research before choosing a wallet. Look for a wallet that has advanced security features like 2FA and 3FA. Also, be sure to look into the team background of your wallet provider to see if they are reputable and trustworthy.

Are all Axie Infinity Wallets Free? How Much Does It Cost to Use an Axie Infinity Wallet?

No, not all Axie Infinity wallets are free but the one from YouHodler is. We say “crypto is for everyone.” That’s why we don’t charge anything to download our app from the iOS or Android store. The web app is free too! Of course, when it comes to features like exchange and loans, there are fees associated with those tools but as for simply getting the wallet itself, it is 100% free to use. 

How to deposit and withdraw from Axie Infinity Wallet

The AXS wallets on YouHodler are extremely easy to use. Whether you want to deposit AXS or withdraw AXS, we have the instructions laid out for you. So just follow them step by step and there should be no problems. If there are, however, please contact our support team and we’ll walk you through the process. 

Types and differences of Axie Infinity wallets - How to choose the right one for you?

Axie Infinity wallets come in all sorts of lovely shapes and sizes. So finding the best one for you should be a relatively easy task. Here are a few different types you can explore. 

Desktop AXS wallet

As its name suggests, a desktop AXS wallet is one that’s installed on a desktop computer or a laptop. Users get complete control over the wallet just as they would with a mobile wallet, just in a desktop environment. The main difference is that some desktop wallets have more advanced functionality like the ability to operate a complete node or full crypto exchange integration. 

Mobile AXS wallet

More or less, a mobile AXS wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile AXS wallets are often more convenient due to their portable nature and the ability to scan QR codes for quick crypto transactions in stores or between peers. There are AXS wallets for all types of operating systems like Android or iOS. 

Web AXS wallet

Web AXS wallets are wallets that exist on a website or online service that allow users to send and receive cryptocurrency in addition to storing it. These wallets can be accessed anytime, and anywhere as long as there is the internet. Some of the most popular crypto services in the world are web wallets such as Coinbase, Kraken, Binance, and YouHodler. Security is a concern for web wallets but that can be managed with due diligence to make sure the web wallet you choose has a good history of high-level security and insurance. It’s also wise to use web wallets in tandem with the more secure hardware wallets. 

The Best Axie Infinity Wallets

There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best Axie Infinity wallet.” To be honest, there is no “best AXS wallet” for us as a collective whole. However, there is an Axie Infinity wallet that is best for you and that depends on your wants and needs. At YouHodler, we tried our best to create a diverse, multi-faceted wallet that appeals to all sectors of the crypto industry. Is our wallet the best Axie Infinity wallet? Give it a try and find out!

Best Axie Infinity Wallet for Beginners

When asking what the best Axie Infinity wallet for beginners is, it’s important to first dissect what a beginner demands from an Axie Infinity wallet. Most importantly, is a user-friendly interface. Beginners who are new to crypto are taking in tons of information every day and they don’t need a complicated app on top of that to learn. Clean, simple interfaces are best for beginners with minimal navigation required. That’s why we designed YouHodler’s interface to appease beginner users with simple designs, clear buttons, and plenty of information databases to dig into. 

Best Axie Infinity Wallet For Advanced Axie Infinity Users & Investors

Advanced Axie Infinity users and investors also appreciate clean simple interfaces on their Axie Infinity wallet; however, they also want something flexible enough that meets their high demands. Advanced crypto traders want a wallet with low transaction fees, built-in crypto exchange capabilities, advanced security, staking features, and advanced financial services like loans and crypto trading. Advanced users are busy people and they can’t be bothered using multiple apps for different activities. That’s why we designed YouHodler to be the true one-stop-shop solution for advanced users with a wide array of FinTech services to fit their every need. 

Best Axie Infinity Wallet for Mobile Users

We live in a mobile world and that’s only going to increase. Hence, mobile Axie Infinity wallets are perhaps the most important wallets in development. There are thousands to choose from and the key is to find one with maximum efficiency and security. YouHodler’s mobile wallet has 2FA, 3FA, and the ability to lock your funds from withdrawal--requiring ID verification to unlock it. On top of that, the team runs regular security audits to ensure all wallets are secure from malicious actors.  People ``on the go” in a mobile economy, want to make sure their digital wallets are present, protected, and easy to use. Not all Axie Infinity wallets match this quality but YouHodler tries its best to. 

Best Axie Infinity Hardware Wallet

As mentioned earlier, it’s a smart idea to buy an Axie Infinity hardware wallet to use in cooperation with your mobile or web wallets. Axie Infinity hardware wallets are ideal for the long-term storage of crypto assets. Ideally, you want to keep some on a mobile or web wallet for payments, trading, and staking while keeping the rest safely in a secure hardware wallet. The Ledger series of hardware wallets are extremely popular and recommended by most advanced crypto users. Trezor is another brand worth mentioning. 

Best Axie Infinity Wallet for software storage

Once again, this comes down to the idea of “not your keys, not your crypto.” The best Axie Infinity wallet for long-term software storage are wallets where you fully own the private keys. It’s best to use this in combination with more diverse web wallets to enjoy the benefits of both worlds. 

Best Axie Infinity Wallet For Security

The best Axie Infinity wallets for security are the ones that prioritize security. Stay away from wallets that don’t have PIN options, 2FA, or basic security features. YouHodler has a PIN or thumbprint required to enter the app in addition to 2FA and 3FA upon request. We also run regular security audits to ensure our walls are strong and impenetrable. Lastly, we are backed by Ledger Vault and Fire Blocks for insurance and secure crypto transaction management solutions.

Best Axie Infinity Wallet for Android Users

While the battle between iPhones and Android phones wages on, it’s nice to know that crypto doesn’t pick sides. Most--if not all--of the most popular Axie Infinity wallets can be found on both Android and iOS operating systems. 

Click here to download YouHodler for Android. 

Best Axie Infinity Wallet for iOS Users

We’re also at the Apple store too! Click here to download YouHodler for iOS and ready all about our Axie Infinity wallet functionalities for your iPhone.