WHAT IS A WALLET?
It is a software that is designed to receive, store and send any kind of digital currency, although it is worth mentioning that, depending on your platform, they are compatible with cryptocurrencies or fiat money.
These began to gain popularity from the moment that Bitcoin began to build a reputation on the Internet, it is for this reason that today there are a number of wallets, which have different features oriented to the needs of users.
With the advent of blockchain technology and cryptocurrencies, the digital environment is constantly changing, and one of the issues that is important to mention, has to do with the choice of digital wallets, which should be at the forefront of technology, in what refers to security and accessibility, among other aspects.
For users who live in the cryptographic market, it is essential that they have a wallet that allows them to protect their digital assets, so that the wallet gives the user full control over their funds, considering the purse's own characteristics.
TYPES OF WALLETS THAT EXIST TODAY
There are different types of wallets in the cryptographic market, they offer different things to their users, in order to satisfy the most demanding users. The types of purses that exist today, are the following:
Hot wallet: These are wallets that can be installed on different devices, whether smartphone or desktop computers, as well as can be hosted on third-party websites. They are characterized by being constantly connected to the Internet; This type of wallet is the most used to perform online exchange transactions, however, they are also the most prone to cyber attacks.
Paper wallet: This type of wallet does not require the user to have an Internet connection, this gives it a great advantage, since it keeps hackers away from private keys.
Cold wallet: These are wallets that come in the form of hardware units, provide a high level of security, and can store large amounts of cryptocurrencies safely. For the device to work properly, it must normally be connected to a computer, from where transactions are made.
THE BEST WALLETS TO STORE CRIPTOMONEDAS
Among the purses that stand out in the digital world, are the following:
- EXODUS:
This is a wallet that provides investors with digital assets of a chain of blocks, a totally secure platform, in which they can properly manage their funds, in the same way it works as a house of exchange in which it supports a wide range of criptodivisas, where the exchange is made without any type of interruption, since it works through the integration of the shapeshift tool.
This wallet is characterized by offering a high level of security, since it only operates as a desktop wallet, which allows private keys to be encrypted locally, without the need for accounts, servers or sharing any data.
- TREZOR:
This is a hardware type wallet, which is excellent for storing large amounts of cryptocurrencies; One of its main features is that Trezor has an intuitive interface, this allows any user to easily handle the system, regardless of whether he is a novice or an expert in the area.
Additionally, this is a wallet that provides the same benefits as an online wallet, combined with the most up-to-date security features.
- XAPO:
This wallet offers the particularity of having a debit card, so that the funds kept in the wallet can be managed, in this case, with Xapo you can make purchases and also withdraw money from ATMs; all this with the benefits of any other digital wallet.
- JAXX:
This is a portfolio that is based on Bitcoin software, its use is oriented especially for smart mobile devices, although it can also be used in a desktop version.
The most important feature of this wallet, apart from that it is compatible with smart phones, is that it integrates the shapeshift tool into its operation, but unlike Exodus, it changes the address of the wallet in each transaction, which helps anonymity.
- MYCELIUM:
This open source portfolio is ideal for those who seek to obtain a high level of anonymity in each of their transactions, said wallet is classified as a mobile wallet, which offers various features in relation to security and privacy, additionally, it is one of the wallets that offer compatibility with Trezor, another wallet of hardware type, this allows to manage more users, and that these have total control of Trezor from Mycelium.
- BITTREX:
This is a wallet in which you can be guaranteed to store dozens of cryptocurrencies, the feature that makes it innovative is that through its website you can buy and sell any digital asset, with high quality security features.
- COINBASE:
The simplicity and power that Coinbase has, are features that allow it to be highly recommended, in addition, it is capable of supporting various cryptocurrencies, even with this wallet it is possible to buy Bitcoin with credit cards in Latin America, likewise on your website you can take out the cryptocurrency trading.
In a nutshell; It is more than a simple wallet, since it allows the user to have all those tools he needs to control his cryptocurrency.
I hope you have been interested in the information, until a next blog !!!