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Author Topic: best cardano-ADA wallet  (Read 131 times)
aminhadi2020 (OP)
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September 15, 2021, 11:42:59 AM
 #1

hey
im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?
Jercyhora2
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September 15, 2021, 11:48:52 AM
 #2

If you prefer secured wallet for storing ADA (cardano) much better use trustwallet for storing it. It is recommended long time ago since you have the private keys and seed phrase for that wallet. Cardano is reliable enough in long term because there a list of project trust it already. We expect lesser gas fees in building in that chain.
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September 15, 2021, 02:30:16 PM
Merited by Bttzed03 (1)
 #3

For which purpose?

Cardano has 2 most recommended wallet that differs in term of of their use. You could use Yoroi [1]if you want a lightweight wallet that does not need to synchronize within the network, you can choose from a mobile application and a browser extension. On the other hand, if you want to help the ADA's blockchain, then you could use Daedalus [2]that downloads a whole copy of Cardano blockchain on your computer. The only downside of using this is that it heavily requires storage space on your device which is not suitable for an average Joe to use especially if you are just planning to hold it.

Else, if you really want to secure your holdings, then your option is to integrate Yoroi Wallet with a hardware device like Ledger.

[1] https://yoroi-wallet.com/#/
[2] https://daedaluswallet.io/

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Jercyhora2
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September 16, 2021, 03:03:39 AM
 #4

When it comes to long term Crypto storage, it is only right to put it in Multi wallet. Because we are not sure if it will be safe in exchange. For me, I prefer to use Trust Wallet because apart from the fact that most people use it for a long time, it is also easy to use.
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September 16, 2021, 04:48:04 AM
 #5

When it comes to long term Crypto storage, it is only right to put it in Multi wallet. Because we are not sure if it will be safe in exchange. For me, I prefer to use Trust Wallet because apart from the fact that most people use it for a long time, it is also easy to use.


Trust wallet though doesn't support the native Cardano, you can only deposit using BEP2 of ADA.

https://community.trustwallet.com/t/how-to-transfer-ada-to-trust-wallet/100985

But I agree that we shouldn't trust any exchange wallet to hold our ADA for us.

As suggested by @Maus0728 - Yoroi Mobile wallet (iOS and Android) is a good wallet to used, it has also the capability to connect to your hardware wallet Ledger Nano X.

Another good options is Adalite as the name says, it a light wallet but it is a web base wallet: https://www.vacuumlabs.com/vacuumlabs-we-put-the-tech-in-fintech

R


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September 16, 2021, 06:34:28 AM
 #6

In terms of security, I prefer their native wallet (Yoroi) rather than third party closed source apps like Trust wallet. I've been using it since I bought ADA and I never had any issues in all my transactions from receiving, sending, to delegating.

I'm not saying TW is more vulnerable but you never really know what's going on inside.
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September 16, 2021, 10:59:21 AM
 #7

...which wallet is secure and trusted for ada?

If you decide to install a wallet for Ada, then you need to go to the official website https://cardano.org/ and make use of their recommendation. I use https://yoroi-wallet.com/, which is installed as an extension for the Google chrome browser. It is also available for other browsers, and also for android and iOS, so there will be no problems with installation and use.

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September 16, 2021, 05:44:53 PM
 #8

im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?
Yoroi is definitely something that has seen a ton of interest, I believe that you could potentially use that. However when it is available, I am pretty sure many like Metamask will be commonly used again. Metamask or trustwallet did not become a thing just because they were good at eth and bsc, they got famous because they ended up being great with every single chain that was available commonly and people started to use them.

Even ledger nano ends up finding a way to connect to new places so that you could use your hardware wallet as well. At the end of the day it is not about what you have and how you can store it, you could get sundaeswap and put all of it in there via some wallet but keep it there on staking without having anything on your wallet as well, see? a walletless solution. The important part is to let ADA grow to be big enough to worry about these first.

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September 16, 2021, 07:21:38 PM
 #9

Does the Cardano ecosystem have a Decentralized Exchange (DeX) running?
https://www.sundaeswap.finance/
Planned to launch only in Q4 2021
https://polyswap.io/
Doesn't work yet
https://yayswap.io/
same
https://app.minswap.org/
"It is unfortunate that we have to shut down our testnet temporarily. .."

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September 16, 2021, 08:37:40 PM
 #10

...which wallet is secure and trusted for ada?

If you decide to install a wallet for Ada, then you need to go to the official website https://cardano.org/ and make use of their recommendation. I use https://yoroi-wallet.com/, which is installed as an extension for the Google chrome browser. It is also available for other browsers, and also for android and iOS, so there will be no problems with installation and use.

Better what is recommended by Cardano himself I have been using Yoroi wallet installed in the google chrome browser for a long time to store ADA coins and it is quite practical and I have never used a wallet that is never recommended except exchange.
Actually there are wallets that are multi-coin but that's a little different when you are more serious about ADA coins then there must be a special wallet for them.

R


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September 16, 2021, 09:01:11 PM
 #11

hey
im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?
Use their official (developed by IOHK and Emurgo) wallets Yoroi or Daedalus wallet. Go to cardano's official website -> Individual -> Daedalus/Yoroi (better to go from there instead of googling the wallets name so you don't end up downloading a fake wallet). Yoroi is the light wallet. Its a browser extension. No need to download the whole chain. While Daedalus is the full node wallet. You will need to download the whole chain (~8 GB right now). You can stake your coins using both the wallet.
Don't forget to backup your phrase!

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September 20, 2021, 06:07:42 PM
 #12

The most efficient wallet for Cardano is Yoroi wallets. But it can also be stored in tustwallet. I often prefer trustwallet for the storing of cardano. It is safe and secure. As you all know that Cardano is best for long term investment. So most of the people use Yoroi wallet to store CARDANO.

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September 20, 2021, 08:33:40 PM
 #13

hey
im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?

We can use wallets with functions for all coins and tokens, or multi wallets. For now I am using TrustWallet to store all coins. We can use multiple functions with a connection to a decentralized exchange platform. But I can't confirm whether TrustWallet also supports ADA tokens. Currently we know many tokens of Cardano smart contracts are being developed.
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September 20, 2021, 08:44:35 PM
 #14

The most efficient wallet for Cardano is Yoroi wallets. But it can also be stored in tustwallet. I often prefer trustwallet for the storing of cardano. It is safe and secure. As you all know that Cardano is best for long term investment. So most of the people use Yoroi wallet to store CARDANO.
Better use yoroi now. Since ADA already has smart contract, more and more project will be using Ada and Yoroi wallet supported ADA alonzo chain. AFAIK trustwallet didn't supported alonzo chain yet, so you can't use that for any project using ADA chain
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September 20, 2021, 09:00:44 PM
 #15

hey
im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?

Currently I use Trust Wallet, there are many advantages that we can take advantage of in Trust Wallet, even for security it is still very good for now, there has never been anything undesirable that has happened to date from using a trust wallet, compared to other wallets that I don't know, but the choice really depends on the needs and how to manage it, if there are many advantages and benefits of using it, it is very likely that the wallet can be trusted for its level of security.
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September 20, 2021, 09:17:29 PM
 #16

If you prefer secured wallet for storing ADA (cardano) much better use trustwallet for storing it. It is recommended long time ago since you have the private keys and seed phrase for that wallet. Cardano is reliable enough in long term because there a list of project trust it already. We expect lesser gas fees in building in that chain.
Trust wallet is for BEP20 ADA only, so this might not be a good option. I just hold my Cardano in a hard wallet and on Binance for liquidity purposes, its really good if you have the control over your wallet but if you’ll just trade ADA later on, better to use an exchange wallet like on Binance.
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September 20, 2021, 09:44:30 PM
 #17


Which wallet can you recommend for someone who wants to withdraw the ADA earned from staking every week?

I have this in mind that if every epoch I can earn a substantial amount, I could withdraw the ADA without having to go through the process of moving to a new ADA wallet and rejoining a pool. This is very crazy because it consumes time. After joining a pool afaik we'll have to wait for 2 epochs I think.

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September 20, 2021, 10:00:09 PM
 #18

hey
im looking for a wallet for ada crypto,
lots of unknown wallet is what i het from searching,
how is your experience ? which wallet is secure and trusted for ada?

I think when it comes to holding ADA in personal wallet, Yoroi seems to take the lead, because it seems to be the most prominent, although there will still be enough of already developed wallets offering better features. Also, I believe that, with ADA upcoming smart contracts , a lot of projects will be launched on ADA and thus sooner than later, more wallets applications will be built such that, there will be DEX and easy to connect and trade on them via the app.
Lastly, this is more of an idea and suggestions; whenever you want to hold any token which is not from the normal ERC 20 tokens, then always visit the project in question whose coin you want to buy and get list of their supported wallets, scammers are much nowadays.

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