As part of educating yourself to familiarize the flow and behavior of cryptocurrency, you must devote yourself to learning. And after learning about the different cryptocurrencies, you can move to learning more about wallets because this is where you will be securing your assets. And you’re right in time because this article will enlighten you about this matter.
Your Best Options in Keeping Your Assets Safe
Since we cannot hold our assets in the digital market, we have to rely on the best crypto wallet. Like we all know, these assets are not like the physical money that we can hold and feel. Still, we can monitor, count, and transact with them. And since they share the same function, there are people who are determined to acquire them illegally. But worry not, because crypto wallets are not easy to hack.
We made a list below of your best options if you want to keep your assets safe. So all you need to do is read the description and decide which one you prefer.
- Ledger – There are different models for this. Like Trezor, it is safer because all your assets will be stored in a hardware wallet. Meaning to say, hackers will have a hard time accessing it.
- Exodus – If you are not into hardware wallets, you can always choose a soft wallet. Exodus is a good option because it is considered one of the most trusted and most popular soft wallets for desktops. But of course, you need a secure connection when using this.
- Trezor – This is a hardware wallet and considered as one of the most secure. This is the reason why many choose to secure their assets here. And if you are curious why, that’s all thanks to blockchain technology. With this wallet, you can store your assets offline. Just plug it in the USB port of your computer and you can monitor, transact, and make deals.
- Mycelium – This wallet can be accessed through your mobile phone. This is a bit easier compared to when you use your laptop or desktop because when you’re always on the go, it would be much easier to monitor your crypto coins through your mobile phone. When you need to check your balance, send money, or make other transactions, just bring your phone out of your pocket and you’re ready!
- Coinbase – This crypto wallet is used in many countries. To be specific, there are more than 100 countries that use and support this. Why? Because this wallet is not just for storing your virtual money but also allows you to sell, buy, and transfer. Efficient, right? What’s more interesting about this is that it is capable of securing your assets offline. And you know that offline storing is safer.
- eToro – This crypto wallet may be one of the newest but promises a good experience in crypto trading. This will not just allow you to store your assets safely for it has a platform where you can develop your portfolio, invest, and trade. The good thing about this is it is supported by iOS and Android phones for easy access.
- Blockchain – If you have trust issues when it comes to securing your assets, this is your best option. In fact, this is one of the most trusted wallets for it is safe and popular. The good news about this is it is flexible in everyday transactions. It is also supported by iOS, Android, and can be used with Ethereum and Bitcoin.
Do You Need a Wallet for Each Cryptocurrency?
It Depends on Your Wallet
Do you need a wallet for each cryptocurrency? Well, the answer is NO. But it still depends on your choice of wallet. You will only need to use different wallets if your current wallet only sustains a single currency. However, if you happen to be using one of these single currency wallets, don’t lose hope. This type of wallet is ideal if you’re only interested in using one currency.
Multi-Currency Wallet is Much Better
You now know that it would be better if you will use a multi-currency wallet, which is better in so many ways because it can store different currencies. And the good thing about it is that you will have no problem in making transactions. You can send money if you need to or purchase an item, invest, as well as trade.
Below are some examples of a multi-currency wallet.
- Ledger Nano S – This is a hardware wallet that stores your assets offline.
- Ledger Nano X – This is a hardware wallet that stores your assets offline.
- Atomic Wallet – This wallet can support more than 300 cryptocurrencies.
- Guarda – This wallet is compatible with desktop, iOS, Android, as well as with Chrome.
- Exodus – This wallet is ideal for newbies in cryptocurrency for it is easier to use.
- COINS – This wallet can support over 1,500 cryptocurrencies.
- Trezor – This is a hardware wallet that stores your assets offline.
- Jaxx – This wallet is capable of supporting seven cryptocurrencies. Seven maybe a few but it will give you full control in your wallet. Find out more about cryptocurrency here!
When you’re new to trading or exploring the possibilities in cryptocurrency, anything related to it feels like a piece of a puzzle. When you put them all together, they will allow you to see the hidden ladder to success. One of the basics that you should learn is not just about the different currencies but also the wallet where you will be placing them. Now that you’ve learned the answer to your question, you just unlocked an opportunity! This will encourage you to strive harder and be successful in the crypto world.