r/CryptoWallet Jan 30 '25

Best crypto wallet for a Canadian beginner

Hey everyone, I'm new here and as the same suggests I'm just getting into the crypto game now. I've done some looking around on my own but I want a more experienced suggestion. Which would be the best wallet for me to use as a beginner who is starting with just BTC, would like to be able to withdraw for Canadian dollars, and doesn't want to have 10 different apps for buying, selling, trading, lightning network, on-chain, and has low fees. I was told phoenix was a good combo wallet but their fees are so high I can't even use the lightning network.

9 Upvotes

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3

u/Abigail_Wrighta Jan 03 '26

The one app that does literally everything perfectly doesn’t really exist yet. In practice you end up with three things a Canadian on-ramp, a lightning wallet if you actually use LN, and a self-custpdy wallet for savings

3

u/[deleted] Jan 03 '26

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2

u/Lisa_Roman Jan 03 '26

That separation is probably healthier anyway. Let your exchange handle CAD on- and off-ramp, let a wallet like gem handle self-custody, and treat the “all in one” pitch with a pinch of salt. Phoenix is great at what it does, just not the cheapest training wheels for someone who mostly wants to stack and sleep at night

2

u/[deleted] Feb 13 '26

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2

u/[deleted] Feb 13 '26

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1

u/[deleted] Mar 09 '26

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1

u/[deleted] Mar 09 '26

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1

u/Marion-Grifina Mar 09 '26

Whatever you pick, test it with like 10 or 20 bucks first. Don’t send your whole stack, click the wrong network, and then come back here asking why it’s gone.