Although meme coins are considered “less serious” than other cryptocurrencies like Bitcoin and Ethereum, most of them have performed exceptionally well this year. Do you wish to jump on the meme coin hype and purchase PEPE? If so, you will need a reliable PEPE wallet. In this article, we will take a look at some of the top wallets for storing PEPE to help you decide which one better suits your storage needs.
Exploring PEPE
PEPE lives on Ethereum as an ERC-20 token. As a meme coin, it does not carry any tangible value or utility. According to the PEPE Foundation, the meme coin was inspired by a popular internet meme called Pepe the Frog.
Before PEPE, several meme coins were already on the market, the oldest being Dogecoin. PEPE was launched in April this year. Within a few days of its debut, the meme coin hit its all-time high of $0.0000043 after growing by more than 3,000%. However, data from CoinGecko shows that PEPE has declined to $0.0000011 as of this writing.
Despite PEPE’s lack of utility, traders and investors have not stopped injecting funds into the meme coin based on the daily trading volumes. For instance, on December 5, 2023, PEPE recorded $379 million worth of trading volume.
Top PEPE Wallets
Coinbase wallet
Being a multichain wallet, Coinbase Wallet supports the storage of multiple cryptocurrencies built on various blockchains. Among the supported crypto assets is PEPE. The wallet’s user-friendly interface makes it easy for beginners to store the meme coin. What’s more, Coinbase Wallet does not charge you a coin to hold PEPE. However, it is worth mentioning that you will incur network fees when making crypto transactions within the wallet.
Advantages and Disadvantages of Coinbase Wallet
Advantages
- Coinbase Wallet has a beginner-friendly interface
- Has strong security measures in place.
- Supports thousands of cryptocurrencies.
- Offers access to educational materials such as tutorials and articles.
- You can easily connect your Coinbase Wallet to the Coinbase exchange.
Disadvantages
- Charges high fees when swapping tokens within the app.
Zengo Wallet
If you are in search of a crypto wallet with modern security features to store your PEPE, then Zengo Wallet could be a perfect choice. Moreover, you do not need a crypto exchange to buy your favorite cryptocurrencies when you have Zengo. The wallet lets you use Apple Pay or debit/credit cards to purchase digital assets like PEPE. Besides this meme coin, you can store over 70 other cryptocurrencies, including top coins like Ethereum and Bitcoin.
Advantages and Disadvantages of Zengo Wallet
Advantages
- Zengo Wallet’s easy-to-navigate interface allows newbies to buy, sell, and store digital currencies like PEPE with ease.
- Lets you store multiple crypto assets and NFTs.
- Adopts multi-factor authentication to keep your PEPE tokens secure.
Disadvantages
- Not Available in several countries
OKX Wallet
OKX Wallet is not a regular crypto wallet. Besides letting you store your PEPE, it gives you access to several decentralized finance apps so that you can explore investment opportunities. With this wallet, you can access DeFi platforms built on Ethereum, Binance Smart Chain, Polygon, and Fantom.
When creating an OKX Wallet, you will receive a 12-word seed phrase, which allows you to take full control over your PEPE tokens.
Advantages and Disadvantages of OKX Wallet
Advantages
- OKX Wallet is easy to use
- Gives you access to decentralized finance space
- Imposes low swapping fees
Disadvantages
- The wallet is not available in some countries, including the US.
Safepal Wallet
SafePal offers both online and offline storage of PEPE. The software version of the wallet can be downloaded from the App Store or Play Store, while you can order the hardware wallet from SafePal’s official online store. Both wallets are multichain, each supporting over 50 blockchains.
Data on SafePal’s website shows that the two versions of the wallet have 6 million combined users.
Advantages and Disadvantages of SafePal Wallet
Advantages
- Expect new updates every three weeks.
- Supports thousands of crypto assets.
Disadvantages
- SafePal’s software wallet does not support the storage of XRP.
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