Why Use A Crypto Wallet?
Most crypto newcomers simply deposit their fund on an exchange, buy crypto and leave it there. But here’s the problem: That exchange essentially has ownership of that cryptocurrency. That’s because they hold the private keys.
That means all you own is an IOU from that crypto exchange. That’s a problem if the exchange exit-scams or is hacked. Yes, that may sound like paranoia but history has shown that these are very real risks faced by crypto holders
The solution? Controlling your own private keys. One of the best way to owning private key is using a Crypto wallet on your mobile or desktop. Here’s we describe best 5 Crypto wallet for your Crypto usage or holding.
1️⃣ Exodus Wallet
Exodus multi-crypto wallet is available on both mobile and desktop. It supports over 100 crypto assets. Exodus’ interface can be summed up in one word: ”Beautiful”. It’s simple & user friendly interface easily accessible for everyone.
Another benefit is that Exodus also offers free 24/7 customer support. That’s pretty useful for crypto newbies wanting to ask questions.
Exodus also has an in-built crypto exchange that allows you trade over 100 cryptos. The wallet also offers a host of apps which enable you to earn interest on those crypto assets. Another key feature is that Exodus offers upgradable security via its integration with Trezor.
2️⃣ Trust Wallet
Trust wallet is probably the most popular cryptocurrency mobile wallet in the world. This mobile wallet sports an integrated DApp browser which can be used to interact with any decentralized application – pretty useful for DeFi degens.
The app is also open sourced, which means that the community can check out that code and make sure everything is in order. Trust wallet also supports staking for a few major cryptos too.
But what crypto assets can you store? Well over 160,000 crypto assets are supported and that includes BEP-20, ERC-721 and ERC-1155 tokens. This means that it’s the perfect wallet to store these NFTs too. Another nifty feature is that you can buy crypto with your card through the wallet too. Binance DEX also integrated with trust wallet mobile application so users can trade crypto seamlessly in the app.
3️⃣ Atomic Wallet
Atomic wallet comes with an amazing looking, simple interface and offers both mobile and desktop versions. Those into privacy will be happy about the wallet having no accounts, no verification and no KYC for basic wallet features. All that means that you can use this wallet anonymously.
Atomic also has a built in crypto exchange with 60 crypto pairs. Another key feature is the large number of coins you can stake here. In terms of coin support, over 300 coins and tokens can be stored.
Read More: Everything you Need to Know About the Ethereum London Hard Fork
4️⃣ MetaMask Wallet
This wallet can be used as a browser extension on the likes of Google Chrome, Brave Browser and FireFox. It acts like a kind of bridge between web browsers and the Ethereum blockchain.
MetaMask wallet app is now also available on Android and IOS devices. Beside ethereum blockchain user can also add diffarent blockchain like binance smart chain, Matic mainnet etc. User can store different blockchain based tokens in metamask wallet app. Users can also interact thousand of decentralized application using metamask browser.
This multi-crypto wallet has both desktop and mobile versions and supports over seventeen hundred different cryptocurrencies. That makes it perfect for anyone dabbling in exotic altcoins.
Another draw is the fact there is no KYC, no IP association, no identity linking, no transaction linking and Conomi’s servers even anonymize your transaction requests by hiding your IP address from would be snoopers.
Holding cryptocurrency on any exchange is a bad practice. Store Crypto assets in an exchange always risky because chance of hacking or scam anytime May happened. Crypto asset store in hardware wallet is the best way to safeguard your cryptocurrency but it not convenient to use on the go, so Crypto wallet always to be a safer option than exchanges. In one sentence ”no your private key means no your crypto”. Using Crypto wallet always easy and convenient to use and store crypto safely.