User-friendly Crypto Wallets For Newbies

Jump to page contents

User-friendly Crypto Wallets For Newbies

As someone who is new to the crypto industry, finding the right tools for the job can be tricky. Before you dive right in, it is best if you learn the difference between a crypto wallet and an exchange. Once you have that covered you will want to set up a crypto wallet so that you can proceed to store your cryptocurrency. Here are some of the best wallets for you.

Ledger Nano X

Ledger is a company that specialises in making cryptocurrency wallets, and that alone shows the attention which it gives to creating noteworthy products. The Ledger Nano X is a hardware wallet or cold storage, which means that your digital currency is stored in a separate piece of hardware. In the case of the Nano X, this hardware resembles a USB drive, which you can conveniently take with you wherever you go.

The Ledger Nano X can store the most popular cryptocurrencies and much, much more. It allows the storage of up to 1,150 different currencies, each of which are stored in an extremely safe format. The device can connect via Bluetooth or USB, linking with computers or even your mobile phone.

Indacoin

Indacoin Wallet is a mobile wallet that allows you to store your digital currency safely on your smartphone. Available on both iOS and Android operating systems, this wallet can store all your Bitcoin, Ethereum, and Ripple, along with several other currencies.

Linked directly to the Indacoin Exchange, you can purchase cryptocurrency directly from your wallet using your credit or debit card. You can also trade crypto to crypto without having to move your funds outside of the wallet.

The Indacoin Wallet’s interface is simplicity itself, featuring quick options to create a wallet as well as send or receive cryptocurrencies. It is available in over 100 countries and comes in various languages. Referred to as a hot storage device, Indacoin Wallet is not as safe as a hardware wallet, but it still utilizes security features to protect you and your funds.

Coinbase Wallet

Coinbase Wallet combines the convenience of a mobile wallet with the beefed up security of a hardware wallet. With it, you can easily receive tokens bought from a variety of cryptocurrency exchanges and you can even interact directly with Ethereum-based DApps. You can also transfer coins directly from ICO sale events.

Whilst the brand name is best known for Coinbase Exchange, one of the largest in the industries, you are not required to open an account with the exchange in order to operate your wallet. Your wallet can be installed on Android and iOS smartphones anywhere in the world.

Coinbase Wallet secures the storage of an increasing number of cryptocurrencies. It is ideal for beginners as it offers a user-friendly interface and a secure environment which doesn’t cost you anything. 

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar Guides

Latest Guides

What are Market Orders and How to Use Them?

When it comes to trading in the financial market, whether you’re trading CFDs or buying the actual underlying asset, there are several orders you can use to execute your trade. These execution methods entirely depend on your trading strategy, and they can broadly be categorized as either market orders or pending orders. The primary difference […]

18 January, 2022

A Comprehensive Guide To Reading Candlestick Charts Effectively

Technical traders use various tools to analyze the global financial markets. With the advent of technology and the internet, traders can easily access these valuable trading tools for free. However, the problem could be choosing the right and comprehensive tool among the lot. For instance, novices can get confused with what chart to pick to […]

5 January, 2022

The Role of Fundamental Analysis

Like any other financial asset, trading cryptocurrencies require a well-defined strategy. This strategy will require a never-ending learning process. The three major analyses you’ll need to conduct are fundamental analysis, technical analysis, and a third but relatively unknown one, Sentimental analysis. The sentimental analysis is a measure of people’s sentiment towards an investment class. It’s […]

29 December, 2021

Key Drivers of the Crypto Market

The cryptocurrency wildfire has swept throughout society, and it has reached the extent where every fight against crypto has only stoked this fire. This new craze has not spared any sector of the global economy, with the sector of every nation adopting new strategies to work with digital currencies. In this article, we want to […]

16 December, 2021
Cryptocurrency,Trading

How to Develop a Crypto Trading Plan?

Have you ever been burnt by FOMO (fear of missing out)? Perhaps, you saw a trending token on social media that’s already rallying, and you bought, only to be burnt by a rug pull. If you can relate to this scenario, this article is for you. If you can’t relate, this article will help you […]

1 December, 2021
Cryptocurrency,Exchange Platforms

Top 9 Crypto Exchanges by Volume in 2022

As the crypto market continues to gain increasing mainstream popularity, crypto exchanges play a critical role by ensuring a constant supply of liquidity. There are over 500 crypto exchanges, with many more launching almost every other day. While many factors determine the best crypto exchange, the volume has always been the major determinant. Volume refers […]

11 November, 2021
Altcoins,Crypto Mining,Cryptocurrency

What is Staking in Crypto?

Let’s Define Staking Crypto staking can be likened to depositing your money in a bank. It simply means locking up your assets in exchange for rewards or interest. In other words, staking is when you commit your crypto assets in order to support a blockchain network and confirm transactions. Crypto staking is common with cryptocurrencies […]

4 November, 2021
Blockchain,DeFi

Which is the Fastest Cryptocurrency?

Cryptocurrency is now a global phenomenon that has enjoyed so much attention in virtually every sphere of human existence. From politics to banking, and even space shuttle, big corporations are now accepting digital coins as a form of payment for their products and services. With the number of digital currencies in the crypto space, there […]

25 October, 2021