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 is a company which specialises in making cryptocurrency wallets, and that alone to show 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 Wallet is a mobile wallet which 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 debit or credit 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 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.
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