Cryptocurrencies Wallets

[pishite]

If to store altcoins for a long time, then I use paper wallets. But if you need somewhere to store coins with smart contracts and tokens, you have to use the web version, although I understand that this is not very reliable. Thanks to your post, I learned about new wallets, thank you.

[indoagung88]

Until now I have to be careful in choosing a crypto wallet, because I'm worried about hacking accounts that still appear frequently. I often read from a lot of people's experiences about how to anticipate prevention so that they don't experience hacking. It is very useful and useful.

[mdzahed134]

Thanks for very informative threads. You described about 5 different wallets those are very important for newbie member. Most of the time i use myetherwallet and sometimes mobile wallet like coinbase and trustwallet which is launched via Binance. Some experience in Peculium desktop wallet. On the other hand still i didn't used paper wallet and hardware wallet.    

[xvids]

One of the most important aspect of Cryptocurrency is the wallet, it is very good to accumulate so much coin but it is very much important to have them safe in a good wallet, so many people could have prevented their portfolio from been hack if only they have information on the right wallet to use.
Types of cryptocurrency wallets
          
              

Types of cryptocurrency wallets
   

• WEB WALLETS
Web wallets are wallets that can be access via web browser, it is not to be confused with hot wallets, web wallets should not be used to store large amount of currency because they are more at risk of been hacked.
  
   Advantages
   Transaction can be done quickly because of instant access to internet.
   Web wallet is ideal for small amount of investment in cryptocurrency.
   No need to install any software on PC or anywhere.
  
   Disadvantages
   Web wallets has more risk of been hack and susceptible to phishing scams, malware.
   Not advisable to store large amount of coin or for long term hodl
  
 Here are some web wallets
   MyEtherWallet (https://www.myetherwallet.com/)
   Coinbase wallet (https://www.coinbase.com/)
   Blockchain (https://blockchain.info/en/wallet/#/)
   Openledgerbitcoin wallet (https://cryptolinks.com/210/openledgerbitcoinwallet)
   BTC.com Wallet (https://wallet.btc.com/)
   Cryptonator online wallets (https://www.cryptonator.com/)
   Luno wallets (https://www.luno.com/wallet)
   Bonopay wallet (https://bonpay.com/wallet/)
   Coinspot Multi coin wallet (https://www.coinspot.com.au/multicoinwallets)
   Bitpanda wallets (https://www.bitpanda.com/en)
   Xapo bitcoin wallets (https://xapo.com/)
   Unocoin wallet (https://unocoin.com/
   GreenAddress bitcoin wallet (https://greenaddress.it/en/)
   Bitgo wallets (https://cryptolinks.com/204/bitgowallet)
   Coincorner wallets (https://cryptolinks.com/224/coincornerwallet)


•   MOBILE WALLETS:
Mobile wallets are wallets that can be used on mobile device, meaning you can access your wallet even why you are on the move. One of the great thing about mobile wallet is that they can often provide more features than wallet that are purely internet base.

   Advantages
   One of the easiest wallet to use, they can be use on the move for those making regular transaction.
   Mobile wallets do offer features that are not available with other wallets such as QR Code Scaning
  
   Disadvantage
   Mobile phone are not all that save, it is open to malware, virus which can compromise your phone.
  
    Here are some mobile wallets
   Mycelium Bitcoin wallet
   Bitcoin wallet
   Coinbase Android Wallets
   Cryptonator mobile wallets
   Dogecoin Wallets
   Luno Bitcoin Wallet
   Jaxx Multi currency Wallet
   Copay Bitcoin Wallet
   Coinspace coin wallet
   Eidoo Multicurrency wallets
   Coinomi Multicurrency wallet
   Ethereum wallet by free wallet
   Lykke wallet
      Infinito wallet.
      ImToken
The above mentioned mobile wallets can be downloaded from playstore.



•   DESKTOP WALLETS:
Desktop wallets for Bitcoin and cryptocurrencies are installable software packs that are available for most of the desktop operating systems such as Mac, Windows, Linux. These softwares are install on desktop or laptop. Desktop wallets are among the more secure cryptocurrencies wallet but it all depend on how good you are in keeping up to date with the online security measures.
  
    Advantages
   It is associated with less risk especially if the computer is completely clean of malware and viruses as a result of connection to the internet.
   It is the ideal wallets to use if you want to store large amount of coin.
   Your private key is not been store on a third party server again reducing the risk of been hacked.
   It is very easy to use.
  
    Disadvantages
   If your computer is connected to the internet, your privacy is at risk.
   The wallet is been held offline, so if anything should happen to your computer, you may lose it.
   Burden of backing up your computer regularly
   Malware and virus must be taken care of.
  
     Here are some desktop wallets
   Exodus
   Bitcoin Core
   Jaxx’s Chrome Extension
   Trezor wallet (https://trezor.io/)
   Ledger wallets (https://www.ledgerwallet.com/)
   Exodus Multi Currency (https://www.exodus.io/)
   Stellar Wallets (https://www.stellar.org/lumens/wallets
   Electrum Bitcoin Wallets(https://electrum.org/)
   Nem Wallets (https://nem.io/downloads/)
   Dogechain Wallets (https://dogecoin.com/)
   Lisk Wallets (https://lisk.io/products)
   Jaxx Multicurrency Wallets (https://jaxx.io/)
   Parity (https://www.parity.io/)
   Komodo Wallets (https://komodoplatform.com/)
   Coapay Wallets (https://copay.io/)
   Nxtplatform Wallets (https://nxtplatform.org/)
   Bitcoinarmory Wallets (https://www.bitcoinarmory.com/)
   Coin space Wallets (https://coin.space/)
   Multidoge Wallets (https://cryptolinks.com/254/multidogewallet)
   
   

•   HARDWARE WALLETS
Hardware wallets, as the name suggests, are hardware devices build specifically for handling private keys and public addresses.
It is a USB-like device with an OLED screen and side buttons to navigate through the interface of the wallet and comes with its native desktop apps for different cryptocurrencies. They are marginally less user friendly. Hradware wallet come in different forms. They are great for storing large amount of cryptocurrency.

    Advantage
   Hardware wallets are the most secure way to store your cryptocurrency in the long term.
    
    Disadvantage
   They are often difficult for beginners to use
    
    Here are some hardware wallets.

   Cool wallets (https://cryptolinks.com/807/coolwallet)
   Keepkey (https://cryptolinks.com/805/keepkey)
   Trezor (https://cryptolinks.com/804/trezor)
   Ledger (https://cryptolinks.com/803/ledger)
   BitLox (https://cryptolinks.com/806/bitlox

 

•   PAPER WALLETS:
Paper wallets are not for everyone because they are a tad bit technical and requires a high level of caution from the user. It is so because in a typical paper wallet you just print your private keys and public addresses on a piece of paper and start transferring your bitcoins or altcoins on it.

    Advantages
   Paper wallets are one of the most secure choices of wallet, and are virtually hacker proof.
   You do not have to think about your private key being stored on third-perty server because they are on physical document in your home.
  
    Disadvantage
   You need to have better understanding of how wallets work

    Here are some paper wallets:
   Bitaddress.org (https://www.bitaddress.org/)
   Wallets Generator (https://walletgenerator.net/)
   Bitcoinpaperwallet (https://bitcoinpaperwallet.com/)
   Bitkee (https://bitkee.com/)
   Caryptographi (https://cryptographi.com/)
    

Cryptocurrency Wallet Categories

   

•       Hot and Cold Wallets :
Hot wallets are wallets that are connected to the internet, and this  make hot wallets poses more risks and less secure but are more user friendly.
 Cold wallets are not connected to the internet but are stored offline. Cold wallet  
 Poses less risk and improved security.      
 Hot wallets are used more on day to day transaction,while Cold wallets is prefer for         .long term holding

•   MULTICURRENCY WALLETS
Multicurrency wallets allow you to store various coin in one wallets, you do not need to have several wallets for several coins, some multicurrency wallets have features that will allow you convert from one cryptocurrency to another, though you may need to complete some steps on line to do this.

•   MULTISIGNATURE WALLETS
Multisignature wallets are commonly known as multisig wallets. These wallets require more than one signature to make a transaction go through,you will not be able to access the account without all the signature and that is an improved security.

Well said now the newbies could choose the right wallet for their own.
This also includes the pro's and con's of each type of wallet.
I only use three of them web wallet for receiving bounties and airdrops.
Mobile wallet because our local wallet could be used to cash out crypto into fiat in just a few clicks.
And the last one is hard ware wallet where I keep my cryptos for the long run, I only use or receive some crypto using my hard ware wallet if I am holding it for a long time.

[Pecunia non olet]

If I would some wallet which is owned by third party - you do not own private keys, I would store my cryptocurrencies in a wallet that gives me something like Cobo wallet. But more safe way is store by your self when you own a private key.

[Best Dreams]

I think that we need a multi-block wallet that would correct the situation with individual wallets that we have today. I think that now you and I have the opportunity to do something useful.

According to me it is good to use only one wallet so that you will feel easy to keep your private key safer, when you will choose multi wallet then maybe you can forget your private key which is dangerous enough, I always suggest to use blockchain as wallet because it is safer than any other wallet and it has more reliability than other wallets.

[Lumberjack1935]

Great thread and gratifying your patience to guide people on a matter of utmost importance as much as to be successful here. I definitely can't trust web wallet. It's important to always be aware of the updates of your operating system and even the wallets. Relying on third parties is like using 'internet banking'.

[94K]

There are many wallets in cryptocurrency which must be considered carefully before using especially when you are a newbie because some of these wallets may not be that secured and may expose your resources to hackers.

[Flezy]

This is wonderful. You took time to analyse and state the vital points. Thank you because  I have learnt new things today. Am going to visit it again and know the right wallet that will suit me.

[Absolutep]

this is a details information,thank you hope,now i get to know so many cryptocurrency wallet which i don't know before now.Great work on your part.

[Perfect35]

It's an outstanding post. I just wished this forum, particularly this particularly section can be more enriched with posts like this. It is not only detailed, but informative and inspiring. You can as well try to update with other types of wallets as they are lunched.

[Darex]

This is a major issue in cryptocurrency sphere,it will surely be a great help to so many of us here,especially newbie like myself.You have done a great job,making it to be easy for us to know different kinds of cryptocurrency wallets.thank you so much.

[AjithBtc]

We've got access to more and more cryptocurrency wallets, but using the top wallets with good reputation will be far better. I've lost around 0.2 btc using a new wallet which within few months took the funds and ran away. As cryptocurrency adoption keeps increasing more new wallets with added features have been existing in the crypto world.

[oemar bakrie]

From the umpteenth number of wallets to save our assets specifically digital money that has a good future must be very safe and no one else knows the password or how to enter our wallet..
I have a wallet where I can save my assets by adding security to synchronize everything with email and authentification which is always updated every time I log in..

[Alijiindahaus]

From the umpteenth number of wallets to save our assets specifically digital money that has a good future must be very safe and no one else knows the password or how to enter our wallet..
I have a wallet where I can save my assets by adding security to synchronize everything with email and authentification which is always updated every time I log in..

MEW is the best and safest for me today. I constantly participate in Bounty companies and have already paid attention to the fact that it is projects that are related to rc-20 that have a higher success rate than those that use other platforms or offer to register accounts on exchanges instead of their purses for storing cryptocurrency.

[Wittny]

Thanks for this lovely write-up, you really invest your time in explaining into details about cryptocurrency wallet to all newbies. For me so far Mew wallet is the best. The wallet is very simple and easy to use.

[danielchris]

Thanks for showing different types of wallets.so l decided to secure my tokens. I want to choose one of  them.that is hardware wallet.

[Beccaman]

This is a major issue in cryptocurrency sphere,it will surely be a great help to so many of us here,especially newbie like myself.You have done a great job,making it to be easy for us to know different kinds of cryptocurrency wallets.thank you so much.

You're right, cryptocurrency wallets are a very big problem in the sense that you have to choose a well-protected wallet to keep the scammers from hacking

[Mmesooma1]

This is very enlightening. As a newbie it's important to know the different types of wallets necessary to store crypto assets safely. However, I wish there's a way to outline the best two or three wallets of each category.

[Alohadanc3]

Wallets are the one of the most valuable thing in this crypto ecosystem. If you have some extra money then I will suggest you to buy a hardware wallet a treazor or a ledger nano. But it's fine to use other wallet. But always use open-source or official wallets. And better stay away form exchange wallet when it comes to long time holding. I always use official or recommended wallets. And mostly I use myetyeher wallets and it support all ethereum platform based token. For NEo based token I use neon wallets and for Eos I use tokenpoket simple Eos and nova. That's it. And for BTC I use exchange wallets cause I always trade so it is easy for me to handle it in exchange.