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There are several basic options for storing cryptocurrency.


27 / February / 20 Bunsi Shakiramal Visitors: 31 Rating: ★★★★★

There are several basic options for storing cryptocurrency.

Many people like to store cryptocurrency on the exchange, this is not a safe method, although it is convenient. The exchange may close and not return money to investors, there are quite a few such examples.

 

EXODUS

One of the most popular cryptocurrency wallets that supports quite a few popular cryptocurrencies, such as:

Bitcoin

Ethereum;

Bitcoin Cash

Dash

others.

EXODUS wallet is very convenient to use and has several functions inside. For example, you can exchange one cryptocurrency for another with a minimum commission without leaving your wallet.

The whole operation does not take more than 10 minutes, which is very convenient and allows you to not use third-party exchangers.

During the registration process, you will be given 12 unique words that are necessary to restore the wallet. Be sure to save them. Without these words, you will not be able to regain access to your funds.

 

Available cryptocurrencies

Initially, only a few cryptocurrencies will be available to you, to add others you need to go into the settings and check the boxes against the currencies you need.

After that, the cryptocurrency of your choice will appear in the menu and you will be able to receive and send payments.

 

MyEtherWallet

You do not need to download this cryptocurrency wallet, since it is located on the Internet. MyEtherWallet is only suitable for storing Ethereum and ERC20 tokens, which are created on the basis of Ethereum. In order to find out if the ERC20 cryptocurrency is a token, you need to go to the coinmarketcap website, then find the necessary currency in the search and see its status.

As you can see from the example above, the OmiceGO currency is an ERC20 token. If the mark says Coin, then this is not an ERC20 token.

The wallet supports the exchange of ethereum for tokens. Attention: when looking for a wallet, be very careful, because scammers often substitute an address to get your money.

 

Ledger

Hardware wallet Ledger Wallet. Cryptocurrency can be stored not only on a computer and Internet resources, but also on portable media. This is currently the safest way to store cryptocurrency. The Ledger Wallet device has a PIN code for login and the ability to connect two-factor authentication from google. The disadvantages include a limited number of coins that this wallet supports.

With such a wallet, it is you who control your funds. No one will be able to close or pause your wallet. But:

1. A wallet costs as much as 80 euros, which is not so cheap.

2. Delivery to Russia from the official site is not possible.

It is dangerous and not profitable to buy from outbids.

 

Blockchain.info

My favorite wallet. It is also online storage, but slightly different. Although this is a hot wallet, developers have no access to your funds. It is built in such a way that only you with 12 secret words can access the funds, although they are stored on someone else's computer.

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