Cryptocurrencies Wallets

[Cellerex]

I like very much that most of the coins are ERC-20 tokens and can be conveniently and safely stored in the MEW wallet. Even my today's favorite - the project of the Sound Money Coin is quietly stored in this wallet. It is very convenient and safe!

[1714936542]

1714936542

[Rafiqul]

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.

Thanks for your excellent topic. It is very helpful topic for every cryptocurrency lover basically newbie. Visit your post i have learnt many kinds of cryptocurrency wallets. Now i am only using web wallets like Myether wallet, Coinbase wallet, Blockchain wallet.

[abake]

Nice one and thumbs up for this post. The most important feature for every wallet is security. How secure is the wallet? Then other features follow like: is there an app for the wallet? Is it decentralized whereby one holds private key or mnemonic and is  responsible for his wallet security? Who are the developers, are they known people in crypto or tech space? Is it a hardware wallet or app or web wallet? . I usually prefer hardware wallets but they have their own flaws, my best pick is ledger Nano S. Trezor too is good, both are universal crypto hardware wallets. Talking about software wallets, my best picks for mobile is atomic wallet, imtoken, trust wallet, blockchain wallet and ARAX wallet.

[Sum24]

Cryptocurrency wallets is an important aspect as far as crypto sphere is concern,having someone to address that aspect will surely be a relief to so many people in the forum especially the newbie. Great job.

There are so many wallets which are being use to store our bitcoin and our investment for long term, but we will have to choose the best which is blockchain. It is reliable to use and it is able to buy goods whenever we need, it is easily accessible and it has promising features about safety and security. It saves our money and it has safe private key the specialty of blockchain is that we can use it for money transaction.

[TastyChillySauce00]

I like very much that most of the coins are ERC-20 tokens and can be conveniently and safely stored in the MEW wallet. Even my today's favorite - the project of the Sound Money Coin is quietly stored in this wallet. It is very convenient and safe!

Well sometimes I do think the same way as you, the community support for all these ERC20 tokens have gotten is really convenient. It's not limited to wallet but decentralized exchange aswell. Even better is the fact that the newest samsung galaxy s10 has dedicated wallet from factory and that thing can save ethereum and erc20 token.

[H1N1]

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.

When you want to choose what cryptocurrency wallet you want to use, you may consider few things before doing so.
What will you do with your wallet ? Do you want to use the wallet for trading ? or investing on project ? or holding coin ?
With this answer, you can proceed to use particular wallet like hardwallet/coldwallet to holding, hot wallet to trading, etc.

[Absolutep]

No matter how good and smart you think you can be,if you choose a wring wallet,you are on your way to loosing everything you think you have worked for in the crypto sphere,that us why a thread like this is very important, you have created a very good thread.

[Serve20]

So far we usually get much of Etherum token, I think the most useful among them all is Myetherwallet and I have been using it for more than four years now and I have never had issues with it though I have read of many falling victim of phising site trying to confuse people about the wallet.

[Nivelir]

Of all the wallets today, it is impossible to make a choice in favor of any one, because it seems to me that today they do not fit each other and it is best to use original wallets, although this generally does not give any guarantee for hacking.

[jrrsparkles]

Only wallets with private keys are advisable to use other wallets like web wallet and mobile multiple wallets are not for holding your cryptos,if you respect your crypto investment then it is necessary to buy a hardware wallet which is the most secured wallet available to store crypto currencies in longer term.

[GatotKaca]

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.

very interesting I think what you mentioned and explained about the crypto wallet is very useful for ordinary people who are still confused about where a good wallet is not easily exposed to hackers.

[ausbit]

When you want to choose what cryptocurrency wallet you want to use, you may consider few things before doing so.
What will you do with your wallet ? Do you want to use the wallet for trading ? or investing on project ? or holding coin ?
With this answer, you can proceed to use particular wallet like hardwallet/coldwallet to holding, hot wallet to trading, etc.

Hardware wallet are still quite the safest way to store up ones crypto that fits in any of the purposes you listed above but the only thing I don’t like about hardware wallet is that it can be misplaced easily, although misplacing it doesn’t mean one has lost his coins provided ones remembers his seed word but it means every time one loses such device, you have to purchase another one at a costly amount and have to wait for it to get shipped which what you need the wallet for then might be very urgent.

Software wallet would have actually be the best if not for vulnerability. Though till now, I still use software wallet but I do make sure it is very secured.

[e@symode]

If you own many coins, then you understand that today it is very difficult to use a very large number of official wallets, so I think that all this is extremely bad. It would be right to use one for all as Trezor

[forexandcryptoauditor]

Very good explanation about all types of wallets. This information is really useful.
Since the topic is about cryptocurrencies wallets, I came across a project called Skelpy which provides privacy certificates to wallet providers. These kind of privacy certificates will insure the authenticity of the wallet which is important to increase the confidence of existing users and attracting new users for trading and storing. 
Here is my article written on this topic on medium. If you like it, just give a clap!
thank you.
Take Control Of your Portfolio’s Privacy:-
 https://link.medium.com/mjbCBBQxAV

[Viper_Unleashed]

Nano ledger is quite good one and I am telling this because I own one.Apart from that for small amounts my ether wallet,metamask and even the launched Trust wallet is quite good.Those were days back when the price was very low I had one and only coinbase account.used for storing some bounties and faucets.but things have changed after 2017//LOL

[BKrex]

Anytime i re-visit this thread am always getting answer to some of questions that is bothering me par-time,this thread has been a tremendious help me to me.it is great to have such thread.

[Ailmand]

This is really helpful for those who are just starting in crypto and doesn't know which wallet would fit for them.
They would know which one is the best to store their crypto .
And let's not forget you should always keep ypur back up safe just in case of emergency.

[mrdeposit]

Anytime i re-visit this thread am always getting answer to some of questions that is bothering me par-time,this thread has been a tremendious help me to me.it is great to have such thread.

This is the reason why online communites are posting their opinion. You can learn more stuff about crypto on beginners&help boards.

[SistaFista]

Using web wallet is not recommended because your wallet will have more chance to be compromised.
Only use web wallet from a trusted website. But even trusted site such myetherwallet, was hacked long time ago.
Using hard wallet is recommended for everyone who want to more security in using cryptocurrency.

[Seratruong]

You mention all kind of wallet. For me as a cryptocurrency trader, investor and hunter having a secure wallet will help you to keep your token safety and secure. I have hardware wallet that help me to keep my token secure. If you need a wallet I suggest you should hardware wallet.

What is hardware wallet? Is it different from Live Wallet?