Use trusted Online Wallets
A wallet is a software program that manages private keys and interacts with various cryptocurrency networks to receive or transfer digital currencies. To use Bitcoin or other cryptocurrencies you always need a wallet.
There are five types of wallets, which we will explain in more detail here:
Desktop Wallets are downloaded and installed on a PC or notebook. They are accessible only from the computer on which they are installed.
Online wallets run in a cloud, so you can access it from anywhere and from any device at any time. Of course, the public and private keys are also kept online here.
Mobile wallets run on a mobile phone and can, therefore, be used as desktop wallets in a more mobile and more versatile way. As a rule, these programs are also smaller and simpler.
In hardware wallets, the private and public keys are stored directly on the hardware device (e.g., USB), providing even greater security. Although the transactions are executed online, the data is stored offline.
In the case of paper wallets, software is used to securely create a public-private-key pair and then print it out on paper. This is simple and offers a high degree of security.
Yes! Since you can not keep or transfer a cryptocurrency without a wallet, a wallet is always necessary. If you buy cryptocurrencies from a crypto exchange or a buy / sell platform, the platform already has its own wallets to store the cryptocurrencies and transfer them from there to anywhere.
There are a variety of wallet providers with very different offerings, especially in terms of cost or on what cryptocurrencies are supported. We will introduce you to the most promising wallet providers for each type of wallet and will continue to expand this collection.
Block.io is one of the online wallets currently supporting three cryptocurrencies. Registration and setup are quick and easy. The Wallet manages the Public & Private Key keys, transactions are handled through the cryptocurrency networks. You can access the wallet with any Internet-enabled device from anywhere at any time.
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Coinomi is one of the most used mobile wallets for Android and soon iOS. The app supports a large number of cryptocurrencies, which can be exchanged almost immediately with each other. Installation, setup, and usage are simple and intuitive.
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Exodus is one of the most widely used software wallets for various cryptocurrencies. Download and installation are done in a few minutes. The wallet can then be set up and used immediately. The Wallet manages the Public & Private Key keys, and the actual transactions are handled through the cryptocurrency networks to which Wallet is interfaced. The wallet can be password protected. After depositing the first cryptocurrency, a backup to restore the wallet can be created. In addition, an Exchange option is offered, thanks to the integration of the provider Shapeshift. This makes it easy to exchange Bitcoins for Altcoins or Altcoins.
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Ledger is one of the most widely used hardware wallets for various cryptocurrencies. The right apps will be offered right away. The Wallet is online in various shops, u.a. of course available from the supplier. The setup requires a computer with a USB port and the Google Chrome browser. Thanks to the enclosed instructions, the device is very simple and fast. Hardware wallets offer the highest security, as private and public keys are stored offline.
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