Cryptocurrencies are transferred using digital wallets. These are online wallets that are used to send and receive digital currencies.
Although crypto wallets are used to transfer coins, they don’t actually store them. Instead, they store private and public keys, which allow you to securely transact funds.
Over the years, an array of different wallets have entered the market space, ranging from mobile wallets to paper wallets. As of 2019, some are claiming the top spot due to their avant-garde features. can cold storage be hacked? Checkout in details.
Here are the Top 3 cryptocurrency wallets in the news.
1) Ledger Nano S
It is a hardware wallet that can be connected via USB. It’s very reasonably priced and malware proof, making it a perfect blend of practicality and security.
Ledger Nano S can store over 40 different digital currencies. Along with running multiple apps, you can also seamlessly integrate it with other software wallets.
The wallet is backed by a string of positive user reviews over the web. It has become one of the most talked-about wallets in 2019.
Exodus is one of the most well-known desktop wallets in the game. It supports over 30 cryptocurrencies including Litecoin (LTC) and Ethereum (ETH).
In this software, you can manage multiple different cryptocurrencies through a single user-friendly interface. It supports all top operating systems like Mac, Linux, and Windows.
The wallet comes with a 12-word seed phrase, which can be used to transfer the wallet to a different device or recover it if it’s stolen.
Electrum is a mobile wallet that primarily supports Bitcoin transactions. Having been launched in 2011, it’s also one of the oldest wallets around.
Electrum uses Simple Payment Verification (SPV) to verify transactions within seconds. This ensures that no wallet transaction takes place without your approval.
Along with this, features like Private Key Encryption, Multisig Support, and Cold Storage options subject your wallet to benchmark security measures. Electrum is so widely used that an estimated 10% of the total Bitcoin transactions take place through this wallet.
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