Best Cryptocurrency wallets
If you want to have and hold any cryprocurrencis, you need to have a good kind of wallet, which it would be different in term of what digital currency you want to choose to buy. For send, receive and hold the crypto currencies there is no need to be a third parties like banks. It would be done through the advance blockchain technology, with the help of a wallet address, that contains the private and public keys. Now you need a secure wallet to transfer your funds from crypto exchange, which may have getting hacked, to your wallet.
Top cryptocurrency wallets in 2020
Hardware cryptocurrency wallets are the most secured and unhackable devices that known till now. The only way that they can access to the blockchain is to connect to the computer and sign in there. So this offline device ensures the private key never leave the hardware. There are so many kinds of hardware wallets and the best of them are Ledger Nano S and Trezor.
- Ledger Nano S
It looks like a USB device, and needs to connect to the computer to confirm the transactions. It is a multi-asset hardware that can support more than 40 cryptocurrencies. Based on users reviews Ledger Nano S is the best hardware wallet in term of security and use in 2020. Even it can run multiple apps, it is anhackable and malware proofed, but it’s a little bit expensive.
This is also looks like a USB device, which operates mainly on “Zero Trust Approach” that makes it needless for third parity. In any case if you lost your Trezor wallet, you can reach your funds by a password or PIN that provides recovery seeds. The only thing that figures out as disadvantage of this wallet is, it will be turned off when disconnect from other devices.
- Keep Key
This is a secure wallet for Bitcoin, Ethereum, Litecoin, Dogecoin and Namecoin. It has an advanced security against virtual and physical hackers. Keep Key wallet can connect to your software wallet on your computer by private key generation, private key storage and transaction singing. It has a lower price compares to Trezor and Ledger Nano S. its professional design OLED display makes it easier to use than other similar devices. There is just a lack of web wallet that makes users to add a software like Electrum or MultiBit to make use of its applications. The setup process is fairly straightforward but doesn’t allow users to save their progress.
These kinds of wallets can setup on your laptop or computer desktop. They are not as secure as hardware wallets because your private key is reside on the computer, and as you know it is so easy for cyber attackers to lead to your device and take your private key. Most popular desktop wallets are Exodus and Electrum, and they can easily set on Windows, Mac and Linux.
It can support so many cryptocurrencies like Litecoin, Dash, Zcash and Ethereum. You can easily transfer your fund trough Exodus to any wallet in crypto network, and the transaction fee is paid to the network instead of Exodus. It is a lite wallet, so you don’t need to store the whole blockchain in your desktop. you have a full control over it , but the lack of two-factor authentication make some concerns about its security.
- Electrum Wallet
Electrum can support Bitcoin and some altcoins that compatibale with the Verge blockchain. It has the Simple Payment Verification (SPV) method, so it can verify the transaction in just five seconds, and also you don’t need to download the entire blockchain on your desktop. Although it is easy to use but not recommended for beginners.
The online wallets are accessible from anywhere you can find internet, but they are the least secured, because they need third parties to store private keys. These wallets are used for regular transfers and active trading. One of the best online wallets is Guard.
It is one of the best cryptocurrency wallets for all coins, multiple altcoins and tokens. You can access to your wallet from any device via internet. The most important thing about Guard is that it doesn’t store any data or client information or private key, and deleted itself all the information when you log out. It gives you the ability to shift your assets from one coin to another without registration, and complex verification. Among all these benefits it still is less secure from hackers and scams and viruses.
Mobile wallets are suitable for small purchases, they are fast and easy to use for trading. They usually followed by desktop apps, with the same security tools. They are made for Android and IOS mobiles. Jaxx and Mycelium are most popular in mobile wallets.
Jaxx is a multi-chain wallet that support most of coins and altcoins, and it simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx has the best wallet apps for Android, IOS, and any desktop version. So you can have full control over your wallet. But you have to be aware about not losing your phone or any mobile viruses and malware.
It was the first wallet for Bitcoin Gold, and developed more than 20 crypto wallet apps for so many coins and tokens. It is a mulit wallet app that is available for both IOS and Android. It is so fast to exchange any coins, and allows you to store and transfer safely. It is a custodial wallet service so it doesn’t provide private keys.
- Infinito Wallet
It is the most secured wallet for cryptocurrencies in the world with easy and fast access for users to store and transfer funds. It also has message to improve record keeping. You can use it for both Android and IOS. Even if you lose your phone, you won’t have any access to your wallet, and also you should be concern about mobile viruses and malware.
These kind of wallets are categorized as cold wallets because the key is stored physically offline. They are embedded QR code that can be scanned to transaction on blockchain, and there is a software application, that generate the key. Verge is one of the popular paper wallet in 2020.