Best crypto wallets - Top safe cryptocurrency wallet

Cryptocurrency has recently become an important part of our news and economy, so there are almost no comments in the newsletters about the appreciation of some cryptocurrency, the devaluation of other cryptocurrencies, or about the global changes taking place. these coins and their owners are driven every day.

Best crypto wallets - Top safe cryptocurrency wallet


These are the reasons that prompted us to research and write on various topics in the world of blockchains and bitcoins, which we know are the future of economy and life.

what is a crypto wallet address ? 

A digital wallet address is a code generated by a double hashing algorithm, like converting your key to a public key ... This is done at the address, which means no one can get the public key. From the wallet address and you can send it. wallet address for other users to transfer digital money. 

Hot Wallets

Hot wallets are cryptocurrency wallets that connect to the internet of any type, making these wallets a reality where simple, simple and fast processes and cold wallets are important wallet classifications. Cryptocurrencies and we'll talk about them in more detail.

Cold Wallets

A Cold wallet, completely different from a hot wallet, are standalone wallets and have the advantage of being more secure and nearly invulnerable to hackers as they are not connected to the Internet in a non-digital way. It depends on your physical presence, as we will see when we talk in detail about cryptocurrency wallet, and cold wallet are the ideal choice for long-term investors.

Types of crypto wallets

There are many types of crypto wallet and your choice depends of your needs and the features you want :

Software Wallet

The cryptocurrency wallet is one of the most widely used types of wallets, and since it is suitable for heavy and frequent use, it is probably the only option for traders, speculators or traders. Crypto trading, but even so, the fact that this wallet is connected to the internet makes it hot wallet, which means it is the least secure. 

Hackers can steal your cryptocurrency in different ways, so when choosing such a wallet, you should be confident in its various security processes and applications, as well as in the wallet itself. They are divided into three categories depending on the nature of the device. ... Used means of access to the wallet and its three types:

1. Web wallets

Web wallets are wallets that are accessible through an internet browser and do not need to be installed on your computer or mobile phone, but they are the most risky cryptocurrency wallets, despite the fact that they provide wallet protection.  

Another big problem that may face you when using a web wallet is that it usually doesn't have a key to your wallet, but that platform or wallet puts you at great risk, and despite security measures like binary confirmations, you have to believe it. ... your wallet or company.

2. Desktop wallet

A desktop wallet is a software wallet that you can download and install on your computer, which is slightly more secure than a web wallet, but still dangerous when connected to the Internet. 

 These wallets work by opening the wallet, giving you full control over your keys, so after creating the wallet, a file named "wallet.dat" will be saved in the machine's memory containing the keys of your wallet, so make a copy in a safe place and protect it with a safe a password known only to you. 

 Passwords and backups are essential for protection, but if you lose this file or forget your password, you will lose your money forever, which you definitely don't need, and one more thing I must remind you is the type of wallet you need you need to make sure your computer is safe and free of viruses.

3. Mobile wallet

A mobile wallet is similar to a desktop or computer wallet in that the software is downloaded and installed, but the process is done on a mobile phone and also comes with some risks when connected to the Internet. To access your digital currencies on the blockchain.   

In addition to being a hot wallet, the fact that the wallet is in a mobile phone makes it vulnerable to damage, loss, or even theft of the mobile phone, which is the worst of the three software wallets in terms of security.

Hardware Wallets

Hardware wallets are great wallets, meaning they are not connected to the internet and are small and limited devices with no other function than signing your transactions, what does that mean?

 Instead of verifying your transactions through an Internet-connected directory of software that can be hacked or stolen from a third party in your possession, you buy a little tool that helps keep your key offline and all that. this confirms, signs, and then downloads the unsigned transactions to your computer. 

 A private key is generated using a technology called a Wallet Random Number Generator (RNG), and then a public key is generated from that private key, which is then stored only on the device and is not transferred in any way. with a different device, making the sturdy wallet one of the safest. 

 The way these devices work is that they connect to software called Bridge or Bridge on your computer, which acts as a broker, executing the trade you want to make, and transfers it to a secure wallet to confirm the transaction and place him back to the bridge. 

 Thus, your private key will never be revealed, this special wallet is not connected to the Internet, does not receive any data other than unsigned transactions, and does not generate any data other than a transaction signed in it. 

 These rugged devices come with the protection we talked about, camel skin, where the device gives you these phrases to act as a backup door for your coin. In case of any problems with these devices, specifying them in a certain way, you will be able to access your digital currencies and keep all your savings without losing them. 

 Also don't worry about stealing your wallet, you need a password before doing your job and you can add another passphrase to it for added security.

 The common problems with reliable wallets can be overcome very easily, such as the problem of processing your wallet before it is delivered ... Here you can solve this problem by purchasing a wallet from your factory without going to the seller, Amazon store or marketplace. the security of your device, it is not damaged or hacked manually. 

 There are many reliable wallets available today, differing in several characteristics and at different prices, and we will discuss them in detail when we talk about the best crypto wallets a little later.

Paper wallet

Paper wallets are another type of cold wallets that do not connect to the Internet, and in fact, their idea is very simple and straightforward, that is, register in the wallet key table as a QR code or register introductory offers in it. ... , so access to your coins is only possible when wearing this paper in real physical form. 

 While these wallets are the safest, as no one can tear the paper, they have a long list of issues to consider. 

 For example, since this wallet is made of paper, it can be destroyed or lost in any way, so you will have to make many copies of it, all you have to do is keep this wallet in a safe place, so don't worry. t fall into the wrong hands. 

 Paper wallets are becoming less reliable due to the many problems they cause despite the relative security they provide, and it helps that any transfers are made at the value of the entire portfolio. 

 For example, if you assume that you have 25 cryptocurrencies in your paper wallet and you only want to send 5 coins to your friend, you must put all 25 coins in your wallet, then transfer 5 of those currencies to your friend, and then create a new paper wallet for the remaining 20 coins.

Best cryptocurrency wallets

Now we will look at the most important crypto wallets and their different characteristics depending on the pros or cons, but choosing the best crypto wallet will be your responsibility.

Exodus wallet

Exodus wallet is one of the best and most well-known coin wallets on the market and many experts recommend it as the best hot wallet as it supports desktop and mobile wallets as well as reliable wallets because it is free but charges a fee of 2 up to 5% of the transaction and transfer amount.   

Exodus wallet has gained popularity for its 24/7 customer service, multi-cryptocurrency support, and the performance stats it offers.   

You may be surprised that you maintain strong portfolios and wonder how, but the reason is that they have become Trezor partners and now have a protocol for leveraging their strong portfolio in trading, selling and buying.

Electrum wallet

 Electrum wallet is one of the most well-known Bitcoin investment wallets, it was created just two years after the release of Bitcoin, and this wallet is highly respected in the listing world. Investment in crypto thanks to its cold storage and support. for some robust portfolios like Ledger, Trezor, and KeepKey, which we'll talk about shortly.

 This crypto wallet also supports third-party add-ons and multi-signature signatures, and provides services via a desktop computer or mobile phone, which is convenient and free and does not require any additional fees. 

 The only drawback that you may encounter with the Electrum wallet is that it specializes in bitcoin and does not provide customer service over the phone, instead the FAQ provides answers to frequently asked questions from users. Use and provide various helper text platforms.

Coinbase wallet 

Coinbase wallet is considered one of the best cryptocurrency wallets and exchanges of all time and the most widely used coin base in the United States. at the same time, it acts as a wallet and a digital exchange at the same time.  

One of the factors that helped the widespread adoption of this wallet is its high level of security, for example, Coinbase plans to pay compensation of up to $ 250,000 in the event of theft and hacking. Coinbase charges a 1% fee on transactions made to every U.S. bank account or digital wallet and a 2.49% fee on credit card purchases. 

 One of the most notable disadvantages of the Coinbase wallet and platform is that it only allows you to store and trade 5 digital currencies (Bitcoin, Bitcoin Cash, Etherium, Etherium Classic, Light Queen), but it is now the largest digital Forex marketplace. ... and the largest marketplace in the world.

Blockchain wallet

Blockchain Wallet is one of the best Bitcoin wallets out there. This website managed wallet is one of the most popular Bitcoin wallets in the world. This wallet does not provide services for buying and selling digital currency, but it is a means of storing bitcoins. and use it in online exchange. 

 The security level of this wallet is very high, it has never been stolen or hacked and it is used in this wallet only for bitcoins without other cryptocurrencies.

Binance

Binance is one of the most diverse crypto platforms supporting as many cryptocurrencies as possible. Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash and Triple are some of the most popular currencies supported by the Penance platform. Penance is a wallet and simultaneous digital currency exchange like Coinbase, where it is used to sell and buy various cryptocurrencies, as well as maintain and store them. 

Binance charges a flat fee for trading cryptocurrencies, which is 0.1% of the transaction value, which is one of the advantages of this portfolio as it is very low compared to other wallets of other cryptocurrencies. 

 Binance is very secure, but at the same time lower than Coinbase and Blockchain, which recorded an attempt to hack the platform and steal large quantities of digital currencyOne of the most popular cryptocurrency platforms for traders around the world. The purchase and sale of cryptocurrencies is carried out through other digital currencies.

See Also :