Privacy Coin Wallet Selection Guide: A Comparison of 4 Tools Every Monero User Should Look At

Why is the Privacy Coin Monero(XMR) so popular? Simply put, it uses Ring Signature and stealth addresses as two sets of Cryptography black technology to hide your transaction information thoroughly. The sender's identity is concealed, and each transaction is received using a brand new address — this is why those who care about financial privacy, businesses dealing with sensitive matters, and charitable organizations prefer it.

There is an interesting piece of data: although Monero is heavily criticized for its privacy features, according to a report by Europol, criminals actually prefer to use Bitcoin (because of its liquidity). Traditional dollars are the main tool for money laundering—only by the end of 2024 did a major American bank admit to helping Colombian traffickers launder over 600 million dollars in dirty money, which took a full 10 years to be discovered. Therefore, privacy ≠ illegal, privacy is a basic right.

So the question arises: which wallet to hold Monero? We compared 4 mainstream non-custodial wallets:

1. NOW Wallet: The most comprehensive “Swiss Army Knife”

This is produced by the ChangeNOW exchange team. The biggest advantage is the complete ecosystem—supporting over 70 public chains and more than 1500 coins, including Privacy Coins like Monero, Zcash, and Dash, along with direct built-in exchange. Pro members enjoy a 0.2% exchange cashback and lending features, with users managing their private keys. The downside is that there are too many functions, which might confuse beginners.

2. Feather Wallet: Privacy Coin Expert

This is the preferred choice for deep Monero users, with auditable open-source code, supporting self-built nodes and remote node access. It supports multiple sub-addresses to enhance anonymity, maximizing security. However, it only focuses on the Monero ecosystem, and for cross-coin transactions, you'll need external tools, which may limit those looking for portfolio diversification.

3. Cake Wallet: The Favorite of Mobile Users

The option with the smoothest mobile experience supports XMR and mainstream coins (BTC, LTC, etc.), with a built-in exchange function. It is particularly suitable for users who need to manage on mobile. However, if you want seamless cross-device asset management, it is not as flexible as NOW Wallet's multi-platform support.

4. Guarda Wallet: Multi-Chain Versatile

Desktop + mobile + web coverage, full support for Privacy Coin ecosystem, stable user reputation. If you are a multi-coin combination investor, this choice is the most worry-free.

Bottom Line Recommendation: Choosing a non-custodial wallet is the right choice—only by managing your private keys can your assets truly belong to you. Choose based on your usage habits: for comprehensive functionality, go with NOW Wallet; for pure XMR trading, use Feather; if primarily on mobile, opt for Cake; for multi-chain combinations, select Guarda.