Bitcoin has gained acceptance and popularity across the world, and it continues to grow more. But do you know that there are only 8% of crypto investors who keep their coins safely out of all the people engaged in cryptocurrencies? Yes, it might be shocking to hear, but it is true. Exchanging and using cryptocurrencies has become common nowadays. Crypto holders tend to store their digital currencies in digital wallets as it is the only storage space to keep digital assets. If you are a beginner, you might get fascinated by looking at the types of digital wallets available online, but there are only a few wallets that are entirely secured.
Most crypto investors prefer to use digital wallets to increase funds. The reason behind this is because these wallets provide safe storage and provide maximum security if chosen correctly. Both long-term and short-term investors can safely secure their digital assets in crypto wallets. But these wallets are vulnerable to attackers. Some wallets indulge third parties, and there are chances that with third-party access, your wallet may get hacked. For investors, it is essential to choose a reliable digital wallet that provides the best protection to funds and high security. Download the cryptokitties blockchain game to ensure the best trading with good security.
If you are an amateur who wants to find the best digital wallets, here is the list of top-notch digital wallets that most investors and traders prefer.
Ledger Nano X
Ledger Nano X is one of the most reliable digital wallets with the best specifications and high security as it is a hardware wallet. With his hardware wallets, users don’t need to worry regarding any theft, hacks or attacks as it is a cold wallet that stores digital currencies offline. Users can connect this wallet to the device easily through a Bluetooth connection or USB. Once you connect your wallet, you can easily manage your digital coins and transfer them to anyone.
Exodus is the most trustworthy crypto wallet that provides a built-in exchange and a simple user interface. Users get the benefit of both mobile and desktop wallets with Exodus. It is one of those digital wallets that fully support users by providing them knowledge about all features. Users can easily swap between digital currencies, and this platform makes it easy to choose any cryptocurrency as it offers more than 100 cryptocurrencies.
Hardware wallets are the most secure digital wallets, and Trezor is one of the hardware wallets that protect users’ crypto assets from hacks and other dangers. Trezor stores around 100 cryptocurrencies in it and is used to verify and sign the digital transactions offline by using the buttons of physical devices in the network through the crypto exchange. Trezor is a popular crypto wallet that helps store many digital currencies in offline mode. In addition, it allows users to manage their crypto investment portfolio and transfer digital coins quickly.
Mycelium is the crypto wallet that offers users one-on-one control to manage their wallets’ private keys, and once these get integrated with your device, they will not leave it. Mycelium provides users with the best option of using the password or PIN to secure the wallet. Furthermore, it allows its users to manage different accounts by using different passwords and making the process of investing and storing coins easier for beginners. Mycelium wallet also provides the facility of trading BTC and ERC-20 cryptos and has a built-in exchange.
Though there are many wallets, there are only a few original wallets. Electrum is an original crypto wallet that got launched back in 2011, and it has gained worldwide popularity and is still counted in the list of best crypto wallets. Electrum got launched after bitcoin was introduced, and its investors started loving it because of the simple user interface and its commitments towards bitcoin. Beginners mainly prefer this wallet as it is simple and provide users details about using it. The primary function of Electrum is only for advanced users as they are a bit complex. It allows its users to choose the security level that they want for their digital assets.