What is a cryptocurrency wallet? We present 14 of the best wallets
Opening a cryptocurrency trading wallet is not difficult, but it is necessary to know the best cryptocurrency wallet in 2022 . And before we get into the technical aspects of cryptocurrency wallets, let’s talk a little bit about your specific method of storing funds. Think about how you store your real money. You certainly don’t hold it in your hand, but store it in a wallet or in a secure bank account. Cryptocurrency wallets also follow the same basic principles. As a result, using a crypto wallet, you will be able to send and receive bitcoin and other cryptocurrencies.
?What is a cryptocurrency wallet?
A cryptocurrency wallet or “Wallet” is software that stores private and public keys and interacts with multiple blockchains so that users can send and receive their cryptocurrency and monitor their account balance. If you plan to use Bitcoin or any other digital currency, you must have a digital wallet first. There is no digital currency per se present in the wallet. Bitcoin and its derivative cryptocurrencies are stored and maintained in a decentralized manner in a public ledger called “ Blockchain ”.
Decentralized, meaning that it is not controlled by anyone and does not interfere with a third party such as, central banks, institutions, governments, or other regulatory bodies
?How does a cryptocurrency wallet work?
In a regular bank account, the money is stored. But in cryptocurrency wallets, both public and private cryptographic keys are kept. In fact, coins cannot be stored in a physical wallet. Because cryptocurrencies don’t really exist. The wallet address is similar to the bank account number. There is nothing wrong if you give your bank account number to someone else, because they need it to transfer money. In the cryptocurrency world, if someone wants to send you your coins, you can simply give them your wallet address and receive your coins. Just like bank accounts, no two wallet addresses are the same. As a result, only you can receive your money. Also, the number of addresses in your wallet is unlimited. This means that you can create as many addresses as you want for your wallet.
For example (in the case of Bitcoin) here is a wallet address:
As you can see, this address is a complex combination of numbers, uppercase and lowercase letters. Since most blockchains are transparent, it is easy to see how much money a particular wallet has and what financial transactions its owner has made in the past. However, the address of the cryptocurrency wallet does not reveal the true identity of its owner.
?How are public and private keys related to a wallet address
Most people think of a public key as something like a public wallet address. But in reality, each person’s wallet address contains a unique private and public key. A private key allows you to access funds associated with your crypto wallet address. Let’s take an example to better understand this. Imagine that you want to transfer money from your bank account to someone else’s bank account, in this case, you need to enter your personal password first. Nobody has access to that password, not even the bank. Otherwise, if someone finds out, they can transfer money from your bank account! The private key does exactly the same and is specifically associated with your personal wallet address.
Perhaps at first glance, these two keys seem completely different, but software technology understands that these two keys are specifically related to each other. The connection between the keys proves that you own the coins and allows you to transfer your money whenever you want! In fact, there is no need to get acquainted with the technology and adventures that happen in the background. Cryptocurrency wallet transactions are similar to using Gmail and Hotmail. The software does all the work for you
Learn about the types of cryptocurrency wallets
Currently, there are different types of wallets available to the public. The wallet you choose depends on your personal needs. Basically, different wallets offer different features such as security, user-friendly behavior, or even more convenience.
The most popular types of cryptocurrency wallets
Desktop wallets must be downloaded to your computer and can only be accessed from that specific device. Overall, these types of wallets offer a good mix of security and convenience. However, remember that if a hacker gains the ability to control your device remotely, they can easily gain access to your wallet.
mobile phone wallet
A mobile wallet is very similar to a desktop wallet. Because this type of wallet is also downloaded directly to your mobile phone. You usually access your cryptocurrency wallet by downloading an app on your mobile phone. This access allows you to spend your coins in a shop by scanning a QR code.
Online or online wallet
Web wallet gives you the best level of convenience when sending coins to others. However, this wallet has the lowest level of security. Because usually the producer of that wallet has complete control over the system. An example of such a wallet is storing coins in cryptocurrency exchange and exchange platforms . This platform stores your coins on its central server. If this server is hacked, the hacker can access all your money. It is best to keep only a small number of your coins in a web wallet.
Paper wallets are considered one of the least valuable cryptocurrency wallets. All you have to do is print your public and private keys on a piece of paper so you can easily keep your money safe. Because in this method, the keys are not connected to any server. As a result, there is no way to access the wallet other than having that paper in your possession. When you need to transfer money, you can simply enter the keys into an app or web wallet, or even easier, just scan the printed QR code.
In terms of security, there is no better wallet than a hardware wallet. A hardware wallet is a physical device whose sole purpose is to store your public and private keys. This device only connects to the internet if you need to transfer money. When transferring, you must enter your personal PIN directly into the device. This makes it nearly impossible for hackers to gain access to your keys.
?Can we store all our cryptocurrencies in one wallet
This is a very important question and the answer depends on the coins you have. For example, if you only have bitcoins, then you should have a digital currency compatible wallet for bitcoins . For more information about the Bitcoin wallet, we recommend that you read “ The Best Bitcoin Wallet ”
?What if you had Bitcoin and Ethereum
Although each of them has its own blockchain technology, it is possible to use a multi-currency wallet. Multi-currency wallets allow you to store different cryptocurrencies in one wallet. This is much easier than using different wallets for different coins. However, it all depends on what features your coin wallet supports.
?Are cryptocurrency wallets safe and reliable
In general, no matter what cryptocurrency wallet you use, if someone has access to your private key, they can also access your funds. The main question is, what can be done to prevent these events from happening? Any cryptocurrency wallet connected to the Internet – whether on desktop, mobile, or the web, for example – always carries the potential for vulnerability. Hackers are always finding new ways to access other people’s information, so you should do whatever it takes to protect your private key.
Exodus Crypto Wallet
Exodus is a multi-currency desktop wallet that allows you to store a large number of different cryptocurrencies such as Bitcoin, Litecoin and Dash.
One of the important and fundamental security features of any wallet is two-step verification, which Exodus does not have. This means that your wallet is no more secure than your mobile phone or wallet, and if it is stolen or attacked online, you will lose your coins. The second important and practical security feature that Exodus needs is the ability to multi-sign. This feature acts as a security layer and with its activation, more than one device is required to confirm the transaction to finish it.
This wallet is secured with a password and 12 strings of words to recover the lost wallet information. Please note that the private keys of this wallet are not stored on any other server except the computer and mobile phone, the only way to access the private keys is through the user, and the user is responsible for maintaining it and its security.
Exodus Wallet Features
Ease of use
Ease of use is the most important feature of Exodus Wallet. This wallet is designed so that even beginners can easily install and use this wallet. One of the advantages of this wallet is that it is possible for new users who do not have enough experience in using wallets, this wallet is a suitable option for beginners
One positive feature of this wallet compared to its other competitors is the full-time support of its development team. Users can send a message to the site or wallet support at any time of the day and night and raise their issue. Also, this wallet contains many frequently asked questions in the Frequently Asked Questions section of the site, along with various educational videos for its users, to solve all the problems of its users.
The app is free
Direct connection to the Bitcoin network
The ability to activate the option to log in with a fingerprint
High protection for customer information
Active and fast support
The ability to buy bitcoin directly through the app
Automatically generate a wallet address for each transaction
Brad Volt Disadvantages:
No two-step authentication
Multiple signature capability
Cryptocurrency is not supported
Ledger Nano S Crypto Wallet
For the ultimate layer of security, the best option is a hardware wallet, such as the Ledger Nano S. With the Ledger Nano S, you get a wallet that allows you to store a wide range of different cryptocurrencies offline. And when you want to send coins to someone from this cryptocurrency wallet , you need to connect the wallet to your device (such as a laptop) and then enter your personal PIN.
One of the advantages of a blockchain wallet is that it removed investor concerns regarding security issues. But this wallet protects against any attack with a special chip placed inside it; This wallet is the only cryptocurrency wallet that has a BOLOS (Double Layer Cryptocurrency Protection ) system. Therefore, this wallet will be an ideal option with high security to store your cryptocurrencies. Also, turning off your device when not in use will prevent your coins from being attacked.
Features of Ledger Nano S
Support a large number of tokens
The Ledger Nano S wallet supports all popular cryptocurrencies and 1500 tokens or tokens, which is the most among its competitors.
In addition to the high security and features, this wallet is cheaper and less expensive as compared to other competitors.
This wallet is approved by the French Cyber Security Organization and is completely valid and reliable.
Possibility to return coins
This wallet has the ability to return coins; This means that in case of any damage to your wallet, you can easily recover the digital currencies stored in this wallet.
Its compact design makes it a portable wallet; Also, with its small size, you can easily put it in a safe place.
Ease of use
Using this wallet does not require complex and special knowledge and all the information on its screen can be read easily. Also, Ledger Live has made using this wallet much easier.
The chip placed in this device has increased the level of security compared to other competitors.
Best Ledger Nano S Wallet for Cryptocurrency
Compatibility with most operating systems, including tablets, mobile phones, laptops, etc. is another advantage of this hardware wallet .
Jaxx Cryptocurrency Wallet
Jaxx is one of the most popular multi-currency wallets available for download on most desktop computers and mobile phones. For added convenience, you can access your wallet through the Google or Firefox add-on and send the amount you want if necessary.
This wallet is a great option for those who are new to the world of cryptocurrency, however, this wallet is also rich in features for experienced cryptocurrency users. Jaxx wallet was created by Decentral, a leading Canadian blockchain company founded by Anthony Diorio, who also co-founded Ethereum . Because of this, this wallet has been the choice of millions of cryptocurrency users.
Jaxx is an HD wallet and the new version of Jaxx Liberty uses password and PIN code. The HD nature of this wallet means that a 12-character password increases your security. Jax does not have access to this 12-character phrase and it is only stored on your device. And you can use it to sync your wallet across multiple devices.
And also, all your Internet traffic is encrypted, and this wallet tags it through different servers; This makes it very difficult to track someone by their wallet address. But the lack of 2-step verification and open source code is a security flaw in this wallet; Seeing all icons, except for UI icons, allows icons to be reviewed by security experts.
Advantages of Jaxx
Use ShapeShift technology to easily transfer coins within the app
Availability in different versions of Windows, Mac OS and Linux
The ability to monitor market data in this wallet allows you to compare and check price changes and market capabilities in real time through the Jax app.
Having an integrated dashboard to display the view of digital currency assets and keep track of the wallet
It has a special section to display the latest news and events affecting the cryptocurrency industry
Support for more than 80 different icons
Compatibility with all the different and popular exchanges like Changelly
Ability to scan QR codes to send coins to another person
Completely free to download and use on any version and any device
Features of Jaxx
Having a beautiful user interface with active graphs and stats
Covering more than 40 types of virtual currencies
The possibility of exchanging digital currencies using the internal exchange of the application
Disadvantages of Jaxx
No extra layer of security to protect your cryptocurrency
Higher fees than other competitors
Best Jaxx Cryptocurrency Wallet
5- Mycelium Crypto Wallet
My Selium Wallet is one of the oldest and most popular bitcoin wallets available, first released in 2013 as an Android app and later ported to iOS. And when you open the app, you will see how much users like it. You will see a simple and unique interface presenting you with your portfolio and its easy-to-read tabs. And you will see the current BTC exchange rate as well as send and receive buttons and an easy QR code. In addition to being easy to use, the Mycelium wallet is incredibly accessible, which means that it fulfills the promise of using Bitcoin in a practical way. You can send and receive BTC anywhere, anytime.
Best Mycelium Cryptocurrency Wallet
The security options of the My Selium Wallet can be adjusted separately based on the needs and priorities of each user. This feature makes it different from other competitors.
Note that before using the My Selium wallet, be sure to back it up, so that you can recover your bitcoins if you don’t have access to your wallet. And you don’t need to repeat the backup process after each transaction, it is enough to back up once. If you stop backing up, if software gets deleted from your phone or if something goes wrong with your mobile, you have to say goodbye to your bitcoins forever.
It has a very high security compared to other wallets
Ability to connect to hardware wallets
Ability to spend bitcoins in a paper wallet
Ability to create multiple wallets using only one software
Disadvantages of MySelium
Unattractive user interface for beginners
It does not support other digital currencies except Bitcoin
No Windows, Linux or Mac version
There is a weakness in the IOS version compared to the Android version
Trezor Cryptocurrency Wallet
Trezor is the first Bitcoin hardware wallet launched in the cryptocurrency market. Trezor is a hardware wallet that allows the user to send or receive a large number of digital currencies with complete security. Trezor One was first introduced in 2014 by a company called Satoshi Labs in the Czech Republic. This company, like Ledger, makes the best and most secure hardware wallets in the world. The Trezor wallet offers the security features of a cold wallet, as well as ease of use, just like hot wallets. The most famous product of this company is the Trezor One wallet .
As a hardware wallet, Trezor is more secure than desktop, mobile and web wallets. Trezor never connects to the Internet. So it is impossible for hackers to hack it by default.
Trezor . safety
Trezor wallet is a 24-word volt HD generated through a random generation process (RNG) and is only displayed on the Trezor wallet screen. This means that your private keys are under control and that your keys are never placed inside a device connected to the Internet.
In addition, it is necessary to provide a PIN code when preparing and sending coins. Also, every time the entered password is wrong, the waiting time for entering the new password is doubled. For example, if 30 wrong password guesses are entered, it will take 17 years for the retry timeout to activate.
Another feature of this wallet is that instead of 24 recovery words, you can add another word to it and get 25 recovery words. But note that if you don’t enter 25 words and forget the recovery word, you will lose all your coins.
Best Trezor Cryptocurrency Wallet
7- Coinomi Cryptocurrency Wallet
Coinomi is a well – known and popular cryptocurrency wallet that can store more than 500 coins and is supported on multiple devices. This wallet focuses on protecting users’ privacy and although it suffered a minor failure in 2019, it remains one of the most secure wallets on the market. Coinomi also allows you to convert your coins from within the wallet to other coins. In addition, their installation is quick and easy.
This wallet has a very wide currency coverage, providing support and ownership of more than 125 blockchain assets. It also supports more than 382 tokens. Given that this wallet supports the “ERC20 – Smart Contracts ” standard, you can add as many custom tokens as you like.
Best Coinomi Wallet for Cryptocurrency
Coinomi . Security
The important security feature of this wallet is that it uses a 24-word mnemonic version in its latest version; Meanwhile, the majority of wallets that have the ability to support multiple cryptocurrencies use the 12-word version for their users.
Coinomi . Advantages
Support hundreds of different digital currencies and tokens, from tokens to other digital currencies
Easy to install with just a few clicks
Easy transactions due to the possibility of using the built-in services
Support for different languages such as Arabic, English, Russian, Chinese, etc.
Coinomi . Features
Its codes cannot be displayed because there is no open text
The security issue that arose because of it caused its security to be called into question to some extent, which made it more concerned with security, protection from being exposed to attacks, and locking vulnerabilities.
Coinomi . Disadvantages
Keep your coins safe in case your mobile phone is stolen
The possibility of making quick transactions through the services in the program
View and save each user’s private keys only on their personal phone
FreeWallet can be presented as the best cryptocurrency wallet out of the many wallets available. FreeWallet has tried to make it easier to store and manage digital currency online and on mobile, and it can be said that it has done well so far. This wallet started as a simple FantomCoin wallet in 2016 and has grown exponentially since expanding to support hundreds of coins.
History: FreeWallet is one of the best wallets available. This wallet was created in January 2016 in Tallinn, Estonia by Alvin Haag. FreeWallet offers a number of digital wallets for iOS and Android platforms, as well as another with a web interface.
FreeWallet was one of the first wallets to support Bitcoin Cash in 2017, followed by Bitcoin Gold and Bitcoin Cash ABC.
Basically, one of the reasons why cryptocurrency exchanges are not interested as a place to store cryptocurrencies is to maintain ownership of private keys. In fact, the private keys are stored in the platform servers and the security of your coins depends on the security of the platform.
This is also the case with some digital wallets. This means that the private keys of the investors are under the control of the portfolio. However, the developers of the wallet are not only reliable, but also provide high security of users’ assets.
FreeWallet implements advanced security protocols such as multi-signature transactions, restrictions on the number of transactions, two-factor authentication (2FA) and fingerprinting to increase the security of users’ assets. Also, according to FreeWallet’s claim, investors’ coins are stored in secure storage, which means they are stored offline, and as a result, hackers can’t access users’ assets.
With the FreeWallet, in addition to storing coins, it is also possible to transfer and transfer cryptocurrencies. Below we will explain these points:
Transfer Service: Using the transfer service of this wallet, you can send the desired currency to other FreeWallet users without paying a fee. Since all transfers are recorded internally and there is no need to update the “ blockchain ”, the transfer speed is very high and is usually done instantly.
Internal Exchange: Another interesting feature of FreeWallet is the internal exchange feature. This means that without sending the coins to the exchange, you can convert and exchange coins within the wallet.
Buy Cryptocurrency: This feature makes FreeWallet the best cryptocurrency wallet. With this feature, you can buy cryptocurrency through FreeWallet or the website. This feature differs from centralized exchanges in that the coins are sent directly to your wallet and do not stay in the exchange’s wallet for long. To purchase digital currency at Freewallet, users can use credit cards such as Visa and Mastercard.
Transactions are limited to a daily maximum of $20,000 and a monthly maximum of $50,000.
Supports more than 100 digital currencies
Appropriate security measures such as 2FA and custom PIN codes
The possibility of trading fiat digital currencies
Easy User Interface
A convenient place to send, store and manage cryptocurrency
Free transfer for Freewallet users
Fast and cheap transportation
Best Freewallet for Cryptocurrency
Trustwallet Cryptocurrency Wallet
Trust Wallet, is also one of the best wallets for storing and maintaining multiple types of cryptocurrencies . TrustWallet is a digital and decentralized wallet. Users can control their private keys with this wallet.
Trust Wallet supports a large number of popular and trusted digital currencies such as Bitcoin, Ethereum, BNB, Litecoin, Ripple, Stellar, Polkadot, Dogecoin, Zcash, Dash, TRON, Smartchain, Tezos, etc.
History: Trust Wallet was launched in 2017 in California, USA. This wallet is the best mobile cryptocurrency wallet. The availability of unique features and features and an easy to use interface has made TrustWallet a popular digital wallet over the years.
Best Trustwallet for Cryptocurrency
Wallet Security Credit Wallet
This wallet uses industry-leading security features for cryptocurrencies. In this way, the creators of this application ensure the security of users’ properties in the Valtra Trust. For ease of use, TrustWallet encrypts all of the asset’s private keys and then generates a master private key. Also, using the application’s algorithm, a unique 12-character phrase is generated for each user. This 12-character phrase is known as the redeem phrase.
According to current claims, the developers of Trust Wallet do not have access to users’ wallets and there is no need to provide information to the identity of the character in this application.
Benefits of Trust Wallet
In addition to being equipped with the same features as other digital wallets, such as storing and transferring digital currencies, Trust Wallet also offers unique and diverse features. Here are some of the most important facilities and features of Trust Volt:
1) User-friendly design: Learning to use TrustWallet is very easy for new users. In addition to the visual beauty, the designers of this program have created useful features for users in Trust Wallet. Improving the user experience in using the features of this app has always been a priority of the developer group.
2) TrustWallet – DApps : TrustWallet has a dedicated browser. With this feature, you can find companies that receive cryptocurrency while selling their services and goods.
3) Shares: One of the unique features of Trust Wallet is the interest payment to users. TrustWallet pays interest to users who buy cryptocurrencies and store them in this wallet. This feature is almost similar to the benefit of a bank account.
4) Available and free worldwide: Anyone with access to a smartphone or computer can easily download and install TrustVault. TrustWallet is available for both iOS and Android operating systems. Where you can access your wallet on multiple devices without restrictions.
5) Transfer Fee: The only fee that is deducted from your digital wallet when making transactions is the network transaction fee. These fees are paid to miners for proof of networks of work or some proof of block chains. As a result, Trust Wallet does not charge a separate fee for your transactions.
6) many exchanges and some other trading platforms; They store the users’ digital currency online transaction information and provide the user with the account status and balance. Using platforms like Trust Wallet, you will have full 24 hour access to your coins without site restrictions; So you can freely trade any accepted cryptocurrency. In fact, with owning the private keys, the user will have full ownership of the property.
7) Swap: This feature is somewhat similar to a cryptocurrency exchange. With the different usage of the swap function, users can transfer tokens of different networks to each other.
Features of Trust Wallet
User-friendly and easy-to-use user interface.
Supporting more than 33 blockchains, including more than 250 thousand different assets.
Existence of exchange and exchange possibilities
Not saving users’ private information.
Coinbase can also be considered the best cryptocurrency wallet. Coinbase is also a software wallet that allows you to access, trade and store a wide range of digital currencies securely; Unfortunately, users do not have control over their wallet keys. This mobile software can be downloaded for iOS and Android operating systems. It is also possible to buy digital currencies with dollars and other fiat currencies in this wallet.
History: In fact, Coinbase wallet is a Coinbase exchange app that was launched in 2018 to increase the security of storing users’ coins.
Coinbase supports many cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, XRP, Stellar Lumens, Dogecoin, and ERC20.
Unlike Coinbase exchange, Coinbase wallet is controlled by the user and the wallet is unrestricted; Therefore, the security of this wallet depends more on the user than anything else. When you register and start working with this program, you will be given a 12-word redemption code. It is your responsibility to protect this redemption code. With this code, you can redeem and access your wallet on other mobile phones.
Coinbase offers the ability to store the encrypted, password-protected version and recovery code in Google Drive and iCloud. Users are also required to protect their Coinbase wallet with a six-digit passcode or Apple’s Face ID.
Some of the most important advantages and features of Coinbase are:
Support for more than 500 tokens such as BTC, ETH, USDT, UNI, LINK, BCH, USDC, LTC,…
The ability to store all kinds of digital currencies .
Easy user interface.
Very high liquidity.
Buy and store tokens
Send and receive digital currencies easily and quickly.
Best Coinbase Wallet for Cryptocurrency
Electrum Crypto Wallet
In addition to the mentioned items, the Electrum digital wallet can also be considered the best cryptocurrency wallet. Electrum is one of the oldest digital wallets and its primary focus is speed and simplicity. This wallet uses remote servers that control the most complex parts of the Bitcoin system. Electrum Wallet allows its users to recover their wallet through a passphrase.
History: The Electrum wallet was created in November 2011 by a person named “Thomas Voegtlin”. Since the launch of this wallet until now, many developers have contributed to improving the source code of this software.
Electrum wallet supports only cryptocurrency bitcoin storage. While there are thousands of cryptocurrencies available in the market, Electrum is known to be a secure, fast and efficient wallet that focuses solely on Bitcoin.
Best Electrum Cryptocurrency Wallet
Coin Control: This wallet allows its users to have complete control over their bitcoins. This means that no third party can access and block users’ funds and coins. Also, each user is responsible for the security of his wallet, in this way, users of this platform are advised to secure the backup and functioning of the wallet.
Safe environment: This wallet is installed on mobile phones. Mobile encryption and wallet backup increase the security of users’ assets.
Privacy: The e-wallet prevents spying on users’ accounts and transactions by changing addresses. This is why it is necessary to use the new Bitcoin address when trading.
Advantages of Electrum
Electrum wallet as the best wallet for storing bitcoins has interesting features, some of which are listed below:
1) Electrum can be used as a multi-signature wallet. This increased the security of Electrum’s coins.
2) The e-wallet is fully updated and fast. In this wallet, users do not need to download the entire blockchain and Electrom receives the blockchain information through the server. As a result, there have been no transaction delays and this wallet is always up to date.
3) Electrum calculates fees for transactions made by users. In addition, Electrom allows users to specify the necessity and speed of the transaction; Therefore, users can specify how long transactions will be processed by the network.
Features of Electrum
Easy and convenient to use.
User information is not saved on the server.
Use a two-factor authentication operating system.
The high password protection of this wallet has made it difficult for hackers to get into Electrum.
The private keys are only under the users control.
The possibility of free download.
Robin Hood Crypto Wallet
When it comes to Robin Hood’s crypto wallet, things are very different – the main goal of this wallet is less ‘theft’ and more ‘exchange’.
Robin Hood’s crypto wallet is not well known in the crypto community – and there are reasons for that. Don’t worry though – they are all explained and covered in the guide below.
Robin Hood’s portfolio has also been the subject of significant controversy – a lot of it related to the brand’s overall philosophy regarding encryption and how they approach user privacy and anonymity, and we all have to deal with it. We will express it
Robin Hood Crypto Wallet was originally a free stock trading platform that eventually moved into the cryptocurrency world. Although this feature has amazing functionality and is quite suitable for beginners as well as low cost, this online wallet raises major security concerns.
History: Robin Hood started as a free trading platform that includes Bitcoin and other cryptocurrencies. This software portfolio can be launched for mobile operating systems.
Best Robin Hood Cryptocurrency Wallet
Robin Hood platform
Wallet platform: This platform allows users to store assets.
Exchange-like platform: In this platform, it is possible to buy and sell cryptocurrencies .
So everything a cryptocurrency trader and investor needs is gathered in one place. However, coins cannot be withdrawn and transferred to the Robin Hood wallet through another digital wallet.
Robin Hood’s safety
Robin Hood’s Wallet is the best cold wallet for cryptocurrency , and the best store of cryptocurrency for investors with acceptable security. Here are the security features of this wallet:
Secure Cryptocurrency Storage: Cryptocurrency purchased on the Robin Hood platform is stored in a range of online and offline wallets. Much of the currency is kept in the offline (cold) wallet and a small part is kept in the online (hot) wallet for everyday transactions.
Protect users’ coins: To protect users’ coins, Robin Hood keeps coins offline and completely disconnected from the internet. As a result, users’ coins in this wallet have an additional layer of protection.
Has crime insurance: Robin Hood has secured all coins in its storage systems against theft and cybersecurity breaches to ensure users’ coins are protected.
Expert Security Team: The Robin Hood wallet security team is constantly reviewing the Robin Hood provider code and infrastructure. Also, the developers of this wallet have created the best security systems in the industry using the knowledge of third-party security experts.
Robin Hood Features
Access through mobile phone and computer
Free download and install
Robin Hood does not charge any commission when buying and selling cryptocurrencies.
Easy and fast user interface
WASABI Crypto Wallet
Wasabi wallet. It is an open source, custodial free digital wallet. Wasabi is provided for Windows, Linux and Mac users with privacy and high security in mind .
Wasabi . safety
This program can be used on PC. As you know, all types of computers are vulnerable to malware; But by securing the computer, using strong passwords, moving most of the capital into a cold wallet, and activating the two-factor authentication system, Wasabi’s security can be greatly increased.
This wallet provides users with complete control over currencies. This means that no third party can manipulate users’ currencies or ban their accounts.
Wasabi . Advantages
1) Central Verification: This wallet is based on a centralized service by default. This means that payments and transactions on this platform are not simulated or hidden.
2) High transparency: This wallet is open source; So any developer can check the program code and make sure that nothing is hidden in this program.
3) When making a transaction in Wasabi Wallet , users will be shown a fee based on the current state of the network. In this way, Wasabi helps traders choose the right fees so that transactions are confirmed without additional fees and on time. However, it is up to the user to use or not to use the Wasabi offer.
My Cryptocurrency Wallet
The last wallet on the list of the best cryptocurrency wallets is My Wallet is the country’s first leading digital currency storage system that has prepared all digital currency storage services for all individuals, both real and legal, using innovative methods and new standards. Every day, thousands of deposit and receipt transactions take place, with the aim of increasing the share of e-commerce in the national GDP and helping the growth and development of business, without the slightest mistake in the secure platform of this wallet; Also, the ultimate goal of my portfolio is to play an active role in the growth and improvement of the quality of buying and selling cryptocurrencies in the country’s market .
My wallet features
Provide a customized wallet for each user
Providing a customized wallet for each person can be considered as one of the best services offered to Arab users. With this feature, you can easily create a subgroup with the name you want after creating your user account and get different balances in each wallet.
Free cryptocurrency storage
The storage of digital currencies in this service is provided online and completely free of charge.
Warranty maintenance without any risk or problem
This wallet offers a 100% guarantee of storing cryptocurrencies without any risks or issues in the short and long term; So you can invest with peace of mind.
Impossibility of penalties
The balance of users in My Wallet is not dependent on any foreign country and no country can ban or restrict users.
The ability to store digital currencies for many years
The structure of this wallet is designed in such a way that it keeps users’ capital in cold and hot ways, and you can invest your cryptocurrencies in it for the long term.
The ability to access, convert and receive currencies at any time
Users of this wallet can access their personal coin wallet at any time of the day, seven days a week and transfer or receive cryptocurrencies with ease.
The possibility of converting one currency into another currency
Converting one type of currency to another is another feature of this wallet. For example, you can easily convert Bitcoin to Ethereum or vice versa using this wallet.
The possibility of increasing the balance of the riyal and the dollar
You can easily top up your balance in riyals and dollars after fully authenticating your account and purchasing any digital currency.
There are different types of cryptocurrency wallets designed to meet different needs. Your best option is a wallet that covers your needs and cryptocurrency. For added security, you can use hardware wallets. If you travel a lot or have a lot of work, keep a small amount of your cryptocurrency on your mobile phone so that you can easily access your money.