If you’re a fresher to the world of cryptocurrency, you’ll know that figuring out how to manage your funds can be a little tricky. Tracking prices, converting currencies (when travelling, for example), and storing your crypto in someplace safe are just some of the potential headaches as there is a massive risk of losing your funds to the hands of the wrong people.
This misery of yours can be easily solved with the best wallet software for storing cryptocurrencies and understanding the complete process of how to purchase crypto. First, however, it is essential to understand the complete details of a digital wallet and how it works. This vital information will help you determine which type of wallet will work best for your needs.
Various great digital crypto wallets are available online, each possessing a distinguishing trait. But the top three best wallet software for storing cryptocurrency are detailed here.
- Coinbase Wallet
Coinbase is an advanced and safe digital wallet to store all your crypto coins. It mainly acts as a platform to exchange your coins between different networks. Moreover, it enables you to store, buy and sell various cryptocurrencies. In addition, it has a feature wherein you can download the app on your phone and use it anytime and anywhere.
- Jaxx Wallet
Jaxx is a pioneering digital wallet for those into cryptocurrencies and looking for the best option for keeping their wealth safe. It supports Bitcoin, Ethereum, DASH, Litecoin etc., in addition to many other digital currencies. Therefore, the utmost safety and easy access to your crypto coins like Monero, Dogecoin, Namecoin, Ripple etc., is assured with Jaxx Wallet.
- Coinomi Wallet
This is another digital wallet with a unique feature that allows you to store more than one currency in your account securely. It has all the features you would want in your crypto account, such as private keys, HD seed backup etc. What’s unique about this digital wallet is the fantastic and easy to use interface where you can access all your coins easily.
With these best three wallet software for storing crypto coins, you can rest assured of keeping your wealth safe from online attacks from hackers.
Features Provided by a Crypto Wallet
A crypto wallet is an indispensable tool for those dealing in cryptocurrencies or is involved in any aspect related to digital currencies. A crypto wallet plays a pivotal role in ensuring that your funds are protected from being stolen. This is done by hardening your password and using two-factor authentication security features. The two-factor authentication requires you to enter two passwords when attempting to access your account.
A digital wallet includes a password and a recovery code. The code can be used instead of the password should you lose it. In any case, the complete authority and the sole access to your account are in your hands only.
Choose these wallets as mentioned earlier for your crypto assets’ complete safety and security. Ensure you know how to purchase crypto and have sufficient resources to store it.