Ranking of cryptocurrency Wallets

Compared items
5
Last participation
3 days
deposited opinions
758
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cryptocurrency WalletsOpinions Status Payments reported on FoxyRating Payment SolutionsEntry on FoxyRating Supported coins Anonymity Who controle your private keys ?
1
Coinomi
1
Coinomi
3
New
IIIIIIIIII
2 yearsBTCBCHBTGBSV...
III
III
2
Atomic Wallet
2
Atomic Wallet
5
New
IIIIIIIIII
1 yearALGOCROPPTZRX...
III
III
3
Klever
3
Klever
N/A
New
IIIIIIIIII
11 monthsALGOIOTXSUNAION...
III
III
4
Abra
4
Abra
N/A
New
IIIIIIIIII
1 yearZRXARKBATBTC...
III
III
5
InfinitoWallet
5
InfinitoWallet
N/A
New
IIIIIIIIII
3 yearsPPTBTCBCHADA...
III
III
1
logo Coinomi
new
1
Coinomi
Coinomi is a security-first, multi-asset wallet for both mobile & desktop that provides native support and true ownership for as many as 125 blockchains (the largest number in the market) & 382 tokens -- a total of 507 assets. Supports virtually thousands of assets since you can add any ERC20 token ...
  • Support more than +100 cryptocurrencies
Payments reported on FoxyRating
IIIIIIIIII
Payment Solutions
Entry on FoxyRating
2 years
Supported coins
BTCBCHBTGBSV...
Anonymity
III
Who controle your private keys ?
III
avatar
pokeplayer984
11 months
They recently added the option to cash out your cryptocurrency via Gift Cards. They have many options. Walmart, Amazon and Target to name the usual candidates, but the ones that stand out to me are Hulu, Nintendo and PlayStation. It looks like a $10 minimum to cash out with most cards. I'll give this a whirl in a few days to see how well it works.
Atomic Wallet is a decentralized wallet managing more than 40 blockchains and 300+ tokens. You have total control over your keys and therefore your money. You can deposit and withdraw at no cost (except of transaction costs inherent at each blockchain), but also buy crypto with your credit card ...
  • Decentralized
  • Supports a impressive number of cryptos
Payments reported on FoxyRating
IIIIIIIIII
Payment Solutions
Entry on FoxyRating
1 year
Supported coins
ALGOCROPPTZRX...
Anonymity
III
Who controle your private keys ?
III
avatar
Ann_b
4 months
Used it for a while, didn't have any problems.
3
logo Klever
new
Not rated
3
Klever
Payments reported on FoxyRating
IIIIIIIIII
Payment Solutions
Entry on FoxyRating
11 months
Supported coins
ALGOIOTXSUNAION...
Anonymity
III
Who controle your private keys ?
III
4
logo Abra
new
Not rated
4
Abra
Payments reported on FoxyRating
IIIIIIIIII
Payment Solutions
Entry on FoxyRating
1 year
Supported coins
ZRXARKBATBTC...
Anonymity
III
Who controle your private keys ?
III
5
logo InfinitoWallet
new
Not rated
5
InfinitoWallet
Payments reported on FoxyRating
IIIIIIIIII
Payment Solutions
Entry on FoxyRating
3 years
Supported coins
PPTBTCBCHADA...
Anonymity
III
Who controle your private keys ?
III
Know more about cryptocurrency Wallets

What is a wallet?

Anyone who invests in crypto holds a wallet, otherwise you will not be able to use your Bitcoin or other crypto-money.
Without wallet, it will be impossible for you to keep, spend or receive crypto-currency.
In other words, its role is to replace a traditional bank account.
There is not only one type of wallet, depending on your use you will be led to choose such or such type of portfolio.

When you create your portfolio, you will receive several informations including :

- Private key that will be useful for you to connect to your wallet, in other words it is like login credentials
- Public key: to simply explain, compared with a bank account, the public key is equivalent to the IBAN code. The public key will be useful when you decide to make transactions.

Note that you will need a wallet for each currency, you cannot make a single wallet to keep different currencies.

If we repeat the comparison with a bank account, you cannot have an account with dollars, mixed with euros. It will be two separate accounts, so as not to mix currencies and rates.
 

Different kind of wallets

 

Hot Wallet (online)

This is the most used and only type that is listed in our comparison.

It is a web application or an application that you download on smartphone.

The objective is to offer immediate accessibility, to allow users to use crypto-currencies. Generally, this type of wallet is advised for daily use. You should not forget that your account will be online, and that there is more risk following this use. If a hacker attacks you risk losing full access to your account.

There is also the desktop wallet that downloads and installs like an application on your computer, without necessarily being linked to the Internet. This means is rather used for small sums, it remains less risky because it is hosted by you and not at a third party.

 

Cold wallet (offline)

It's the way to store off the Internet.
It exists in 2 forms:
 

Hardware Wallets

The primary objective is to keep all your keys safe, nothing is connected to the internet.

So it's less vulnerable, you'll take less risk.

In this case, hackers have no access to your wallet, so that it is possible, it is necessary that the person can hold your equipment, to note that some tools allow to enter a PIN code, which adds an extra security.

Don't panic if you damage your hardware, because you can create a backup code to get your crypto back safely. It is such a simple form of wallet that it is suitable for beginners.

However hardware wallets are not free! Don't forget that it's still hardware, so you'll have to pay to get it, because hardware wallets can take the form of a USB key or an external hard drive for examples.

 

Paper wallet
 

This solution allows you to print your wallet in paper format, as its name indicates it. You will be able to receive these papers using your public address.
For most of the time, paper wallets work with QR-codes.

The advantage of this wallet: there is no trace on the internet, it is probably the wallet that holds the most security since there is no link with the internet, which means that it will be impossible to hack your account. The crypto must still be entered into software on your computer.

However, you must be careful with the paper, because there will be a lot of information on it (pay attention to the water for example), some people store these notes in safes to avoid any danger.

Although ideal to store on the long term in complete safety, it will nevertheless be more difficult to use them (to exchange them or to make transfers), and it will thus not be obvious to use on the daily life, but rather to store on the long term in order to make the money grow.

 

Safety

As for everything, you have to be careful, because more and more scams are thought to take your BTC ! Some small reminders, some common sense, not to forget..:

  1. Golden rule: only trust yourself when it comes to crypto, never let yourself be influenced by others and keep your private keys secret.
  2. Silver rule: Remember to check applications (or even websites) on which you create your account, it will take you little time and may not allow you to run headlong into scams.
  3. Bronze rule: Remember to encrypt your wallet, it is a means that will allow you to protect yourself even more. So you don't lose everything because of a hacker.

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