❓ Why Use A Crypto Wallet? ❓
Most crypto newcomers simply deposit their dollars on an exchange, buy crypto and leave it there. But here’s the problem: That exchange essentially has ownership of that cryptocurrency. That’s because they hold the private keys. That means all you own is an IOU from that crypto exchange. That’s a problem if the exchange exit-scams or is hacked. Yes, that may sound like paranoia but history has shown that these are very real risks faced by crypto holders The solution? Controlling your own private keys.
1️⃣ Exodus Wallet 1️⃣
This multi-crypto wallet is available on both mobile and desktop. It supports over 100 crypto assets. Exodus’ interface can be summed up in one word: Beautiful. Another benefit is that Exodus also offers free 24/7 customer support. That’s pretty useful for crypto newbies wanting to ask questions. Exodus also has an in-built crypto exchange that allows you trade over 100 cryptos. The wallet also offers a host of apps which enable you to earn interest on those crypto assets. Another key feature is that Exodus offers upgradable security via its integration with Trezor.
2️⃣ Trust Wallet 2️⃣
This mobile wallet sports an integrated DApp browser which can be used to interact with any decentralized application – pretty useful for DeFi degens. The app is also open sourced, which means that the community can check out that code and make sure everything is in order. Trust wallet also supports staking for a few major cryptos too. But what crypto assets can you store? Well over 160,000 crypto assets are supported and that includes ERC-721 and ERC-1155 tokens. This means that it’s the perfect wallet to store these NFTs too. Another nifty feature is that you can buy crypto with your card through the wallet too.
3️⃣ Atomic Wallet 3️⃣
This wallet comes with an amazing looking interface and offers both mobile and desktop versions. Those into privacy will be happy about the wallet having no accounts, no verification and no KYC for basic wallet features. All that means that you can use this wallet anonymously. Atomic also has a built in crypto exchange with 60 crypto pairs. Another key feature is the large number of coins you can stake here. In terms of coin support, over 300 coins and tokens can be stored.
4️⃣ MetaMask 4️⃣
This wallet can be used as a browser extension on the likes of Google Chrome, Brave Browser and FireFox. It acts like a kind of bridge between web browsers and the Ethereum blockchain. That means that if you want to store a bunch of coins from different blockchains then this wallet is not for you (supports only ERC20) However, it is perfect for interacting with all those dapps in the Ethereum ecosystem.
5️⃣ Coinomi 5️⃣
This multi-crypto wallet has both desktop and mobile versions and supports over seventeen hundred different cryptocurrencies. That makes it perfect for anyone dabbling in exotic altcoins. Another draw is the fact there is no KYC, no IP association, no identity linking, no transaction linking and Conomi’s servers even anonymize your transaction requests by hiding your IP address from would be snoopers.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.