Let’s say you already bought your first cryptocurrency on one of the many exchange sites. There are a few things you can do from here: you can either spend it or decide to hold on for a little longer. In that case, you will need a secure wallet to keep your digital coins.
When searching for a secure crypto-wallet, make sure you check all of its features. For example, a secure wallet should have:
You can choose from a variety of crypto wallets and first, you need to decide whether you would like to use a hardware one, desktop, online, mobile or a paper wallet. Each has different options and offer different advantages. Here we will take a look at most of the wallet of each group. Let’s start.
KeepKey is also a hardware wallet that supports mainly Bitcoin, Litecoin, and Ethereum. This wallet claims to be virus proof because it uses a different more sophisticated operating system than your computer or mobile phone. KeepKey works perfectly on PC, Linux, Android, and Mac. The company offers a 1-year warranty and you can get it at about $99.
This hardware wallet supports many currencies including the most popular ones such as ethereum, bitcoin, and litecoin. You can create a few addresses for each currency. It’s fairly easy to use, all you need to do is confirm a transaction and hit a real button. Ledger Nano S is one of the most popular and trustworthy hardware wallets. You can also use apps to connect them with your wallet and backup your data to other devices. This is believed to the best wallet in the crypto community.
This is one of the few desktop wallets that can store more than one cryptocurrency. This means that you have a chance to diversify your portfolio easily. It has a very simple interface and it’s very easy to use. The only thing that might be an issue is the constant connection to the internet. Although it doesn’t save your keys in order to keep it more secure, it is, however, less secure than a hardware wallet.
Jaxx, unlike Exodus, is a software wallet. This one also offers the opportunity to hold many cryptocurrencies as well as Ethereum. It’s very accessible and you can get it for Android, IOS, Windows, and Linux. Jaxx has a very easy to use and creative interface. Your private keys are safe on your device without being shared on different servers. The great thing about it is that you don’t need to provide any personal information.
This one is actually more like a payment service that stores your currencies in an online wallet. There are no sign-up fees or withdrawal fees, only a 0.5% transaction fees. It’s great because you can store more than 200 altcoins. CoinPayments is extremely popular in Canada since is registered there but is also used in many other parts of the world. For the users in Canada and the US, you can withdrawal your coins to a linked banked account.
StrongCoin is one of the most popular wallets in the crypto community. They are a hybrid wallet that lets you receive and send Bitcoins. StrongCoin is probably one of the wallets that have been around forever and it has more than 100.000 users. You can create a wallet for free but you will need to pay a small transaction fee.
Bitcoin core is an original Bitcoin client. This means that it can provide strong protection and maximum security. It is also available for Mac, Windows, and Linux. Bitcoin Core uses decentralized methods for dividing the transactions all over the network so it is extremely difficult to link an address to the original identity.
This wallet has its own nickname in the crypto community. They most often refer to Ledger Blue as the ‘’Rolls Royce’’ of hardware wallets. It is very advanced and offers solid security. The device comes with a large touch screen in color; it also has a rechargeable battery and a Bluetooth option. Ledger Blue is very light so it is easy to carry it around wherever you go. Ledger Blue works fine with multiple currencies but it is a little bit pricier compared to the others on this list. You can find Ledger Blue for roughly $260.
Coinbase is the largest Bitcoin broker out there and a platform that is available in over 30 countries. The list is growing in 2018 and Coinbase is undoubtedly the leader in many aspects and a wallet where customers can buy Bitcoin with a connected bank account, SEPA transfer, Interac Online, and many other payment methods.
Armory is one of the popular open source Bitcoin wallets that provide cold storage and multi-signature support for the advanced crypto community. The development of cold storage capabilities is what made Armory one of the most popular Bitcoin wallets among developers – mostly because of its open source protocol.
Blockchain is definitely among the top most popular wallets nowadays. It is designed to be extremely intuitive, user-friendly and simple. The ease of use is one of the main features and the company stores your wallet on the servers which involves certain third-party risk. Even though Blockchain Wallet is designed with simplicity, it is rich in features and the company is known for being one of the most reliable wallets in the crypto community.
The name Edge comes based on the company’s philosophy to become the most innovative and leading edge of blockchain security of Airbitz’s brand.
A lot of that is because of the main ‘Edge’ login service which is easy to pick up. The entire server architecture is decentralized, making the wallets on Edge working even when the servers are down. edge also offers automatic wallet encryption, backup as well as multi-device synchronization. There is also a multiple fiat currency support which makes withdrawals easier.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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