Safe Cryptocurrency Wallets

Safe Cryptocurrency Wallets

You need to know the importance of keeping your coins safe. It is like having a huge amount of cash and you put it in a bank or a safe box so no one can access it for their personal gain. Same thing goes with your cryptocurrencies, you need to keep your investment safe from hackers who steal the coins that you have.

We will discuss with you the lists of different wallet or safe storage place for your cyptos. You need to understand the difference, the pros and the cons of using one so you have an option what to do with the ones you currently have. You also need to stress on oneself that it is way better than keeping your coins on your own safe keeping than putting them on wallets.

One of the cons of putting your investment on exchanges is that you are leaving or giving better opportunity to others to steal your coins from you. If I were you, I will give and pay much attention on how to keep your cryptocoins secure.

Below are lists of safe storage/places where you can keep or store your cryptocurrencies.

  1. Online Wallet

Most online cryptocoins do have online wallets that you can access, you just need to identify which online wallet can hold your coins. A particular online wallet cannot hold the entire lists of cryptocurrencies, there were limits to which they can store. A single online wallet can only hold certain coins like they can only hold Bitcoin, Ethereum, Litecoin, Ripple, Monero and Dash, some other wallet do not.

Online wallets depends on your geo location too, there were online wallet being offered to where you from, so check out which one offers the best services. And if by chance your laptop, or your PC’s hard drive crashed, you don’t need to worry because you can still have access to your coins by using another laptop or PC.

PRO’s:

  • Secure and can be access easily on different PC and laptop
  • No downloading

CON’s:

  • Vulnerable to online hackers
  • Cannot be access without internet connections
  1. Mobile Wallet

Every individual on this fast paced planet are now online and are always on the go so it is essential for them to keep everything mobile. The need for mobility is on high demand, so if you are this type of person you should be using this mobile wallet.

cryptocurrency mobile wallets

cryptocurrency mobile wallets

Some online wallet have mobile version, most do not so we specifically categorize this wallet. Similar to online wallet they only have particular lists of coins that they can store, they don’t have the capability to store every coins listed in the CoinMarketCap.

PRO’s:

  • Can be access on your own mobile phone and gadgets only
  • Safe and secure multi-layered authentication

 CON’s:

  • Slight vulnerability to hackers who might steal your phone
  • Cannot be access without internet connections
  1. Paper Wallet

The best way to characterize paper wallet is you can refer it as your private offline cold storage. You can own it and open it without forking cash every time you use it. You simply generate a wallet online on a particular site then you note your private keys.

The important thing is the website never transmit nor store any of your private information. So if you are the type of person who don’t want storing their coins online then this type of wallet is for you to utilize.

Getting a paper wallet is for free but requires proper skills and knowledge to set-up so this one is not suitable for beginners.

PRO’s:

  • You are the only one who can access it
  • Very safe and secure

CON’s:

  • Hard to use and cannot be utilize by novices
  • Cannot be access on mobile devices
  1. Hardware Wallet

Also known as the Nano Ledger this wallet is actually one of the safest. What you do is import your investments onto the Ledger, and then your cryptos automatically will be held on this device offline.

Most cryptocurrency can be kept in this USB Drive and you can now store it anywhere safe. It could be inside your sock drawer, your jewelry box or safe box, just make sure that you remember where you put it.

PRO’s:

  • Safe and secure personal storage
  • Can only be accessed by you

CON’s:

  • There is slight chance of losing it if you forget where you store it
  • Smaller and lesser-known crypto currencies are not able to be put on these on these Hardware wallets
START INVESTING IN CRYPTOCURRENCIES NOW!
Now that you know how easy, safe and convenient it is to make money cryptocurrencies, it’s high time that you join the bandwagon and start investing. Start investing now while the market is hot!

Start investing now while the market is hot!

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