Ahhh.... Cryptocurrency wallet solutions.
So many cryptos...... so many wallets and directions right?
Wallet solutions and hardware updates, that is the order of this post, likely aimed at newer crypto folks entering the space.
Monero, is a serious currency/project like others out there and they have different solutions to choose from.
There are GitHub technical commits regularly moving things along for hardware wallet support -- but not quite yet ready for market.
Most Common Wallets
For crypto in general, not just $XMR
-- Paper storage or wallets:
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Paper wallets are less popular than in the past, it seems to be a trend.
For long term storage, still a great option.
For Monero, a paper wallet solution for you can be found here at MoneroAddress website.
It's possible to use this solution in your browser, with / without the use of prefixes. Further, the paper wallet solution supports English, Japanese, and Spanish, which is just super!
It also works on devices not connected to the network for added security.
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-- Desktop client or GUI interface
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The Monero GUI client is the best desktop option on the market right now. In fact better than most others for most cryptos.
It also works as a full node for the users willing to look at that option. Syncing with the Monero blockchain is a bit slow, but using remote nodes should speed up the process quite a bit. Desktop clients for all cryptocurrencies take a long while to sync up initially, so it is only normal that the Monero client would follow suit.
Future development updates may help speed up this process a bit.
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-- Web wallets
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Even though web wallets represent a security risk when storing any amount or especially larger amounts of crypto, the MyMonero platform is very well-respected within the Monero community.
Riccardo Spagni, operates it, and most know he is one of the lead Monero developers , and highly respected for his technical expertise.
Your data and wallet keys are encrypted, and the service / site itself never has direct access to your funds.
It's a good option but for storing large amount, other options are usually better.
Hardware Wallet Updates:
1 / There is a community funded option coming and it seems to be coming along nicely.
2 / The impending Monero integration for the Ledger Nano S hardware wallet.
This has been in development for some time now, the process is slowly moving along The dev. working on this integration also has had to keep up with all the other Ledger tasks for their supported currencies.
Q1 2018 is still the expected arrival that XMR support will arrive for the Ledger Nano S. but it is widely known that may be pushed back by a few weeks or even months.
Steady progress is being made but just no hard date yet, which is understandable.
3 / We may still see Trezor integrate Monero at some point.
It won't be a project undertaken by the hardware developers themselves, but they are more than happy to integrate working code if anyone submits it to them.
It may not happen in the immediate future, but this option was still active as of late. 1 or more of these solutions will come to users eventually, and Monero holders will finally be able to access hardware wallets for added security.
4 / Personally last week, I was poking around the Exodus Wallet releases and news on their site, and found their progress on this wallet further ahead than expected! That was good news for many people, as their wallet is widely used by so many crypto folks.
https://support.exodus.io/article/96-exodus-wallet-roadmap
So much Crypto........ so little time.
We are all here early in this space, we are all early adapters, bear that in mind and Remain Encouraged
Thanks for reading, have a nice day.
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