Cryptocurrency is steadily replacing the conventional ways of monetary transactions. Like any other form of currency, digital money, too, is subjected to being stolen. Hackers are always on the move to find an unprotected cryptocurrency, and before anyone knows it, the money disappears.
Earning your money is important, but saving it in the right wallet is crucial. So, here are seven of the best online wallets that can help you safely store your cryptocurrency.
KeepKey is a type of hardware wallet and is known for its secure environment. KeepKey stores your cryptocurrencies in an offline device. So, it can protect your digital currencies from malware and other susceptibilities that a computer might suffer. Besides, the gadget has a cool design.
This gadget ensures that only you have complete control over your cryptocurrency, and no other person can use this. You only need to secure and keep updating your wallet. All your transactions on KeepKey require to go through a review via its OLED display. You also need to confirm the purchase before it is added to your wallet.
Coinbase is undoubtedly one of the most secure server-based cryptocurrency wallets. It has a relatively easy user interface. So any newbie can use this wallet. Moreover, Coinbase also offers you insurance to protect your digital currencies from outside threats. You can also link your bank accounts to this software and use it for fiat transactions.
Coinbase provides its users with a two-step verification system. You can also choose to add more than one signature for more security. The software allows ease of transactions and offers a vault, too, for those who wish to add more layers of security
Coinbase currently only supports Bitcoin system and Ethereum but is likely to expand and eventually support other cryptocurrencies too.
Trezor is another hardware wallet and is excellent for storing Bitcoins and other digital currencies. It is an offline wallet that can also be used as a hot wallet, when connected to a computer via a USB. It can be used even on computers affected by a virus.
Trezor is compact and can be carried around conveniently. It has a 2-step verification system for security. For added security measures, it uses unique signatures for each transaction you make.
Electrum is one of the most reliable online wallets to store your cryptocurrencies. You can use this wallet in combination with a hardware wallet such as KeepKey, Trezor, or Nano Ledger S. This wallet is fast and convenient to use by beginners too.
Electrum has a straightforward verification process for your transactions, and you can use it to make fiat transactions as well. The software has two levels of encryption to secure your cryptocurrency. It does not depend on a centralized server, so you will never face a server issue with this wallet.
- Guarda Wallet
Guarda Wallet is another online wallet which has its primary focus on a secure, convenient, and easy-to-use wallet. It supports over 40 cryptocurrencies and is striving to remain decentralized. You can use this wallet from your computers, mobiles, direct web, or even as a chrome extension.
Guarda Wallet does not store any personal data. It is a non-custodial wallet, so the user gets complete control over the cryptocurrencies and its security. You can also backup manually for added security. The wallet gives high-end solutions to its users for safeguarding their digital currencies.
- Nano Ledger S
Nano Ledger S is another secure hardware wallet, designed to store cryptocurrencies safely. This reliable wallet is portable and gives you the ease of transacting from anywhere. The classic foldable design makes it look like a USB and adds to its design feature.
Compared to other hardware devices, Nano Ledger S is priced lower. It has malware safety and poses difficulty to hackers from stealing your money. It uses a pin code for security, which can prove excellent in case the device is lost. The nano version can also be connected to an android or iOS device via a USB.
Exodus is a unique wallet that provides a computer, mobile, and a hardware wallet to secure your cryptocurrency. This wallet is perfect for newcomers. It has a friendly user interface and can be used across multiple platforms.
Exodus does not store any user data, and the transactions do not share any personal information. In those terms, this is a secure wallet for anyone to use with ease.
While investing in a cryptocurrency wallet, ensure that it has enough safety to protect your digital money. Try to find a user-friendly wallet, so you don’t have to go through complicated steps every time you make a transaction. It may be challenging to find a wallet that has all the perfect features. So, decide on what matters the most and keep your cryptocurrency safe.