Cryptocurrency Wallet, types and the most important differences between it

[Sasaki 171]

Very informative it will help newbie like me not to confuse in cryptocurrency wallet and can decide what wallet we can use to store /keep out crypto. 

[McCree 713]

On 12/15/2019 at 11:20 PM, Crypto123 said:

 

Thank you, this is our duty here in the forum to try to be useful and provide useful information for everyone, we are here to learn and know others. This is the real benefit of this forum.

Thanks for this tutorial. Would you mind explaining why someone using a paper wallet can't send part of the money? I was expecting large amounts of bitcoin to be stored in a paper wallet but it looks like you need a mobile phone to scan the QR code and use the paper wallet in the first place.

[gabriel gonzalez 60]

Esa pregunta es una de las mejores que he visto dado que por el conocimiento de muchos miembros del foro uno aprende mucho, yo soy bastante nuevo en el mundo criptografico y sus comentarios me han ayudado mucho

[Gunhoo 91]

I'm so grateful to you for sharing this kind of information about the types of wallets. What I like the most is blockchain wallet, because I can also use it from my phone, they have a mobile app which is good. I have tried a few of software wallet before, but I don't really like it. They're good, it just that I don't like them, that's all.

[Hanan951 841]

The smooth, low fees from one to other and some 9f them have more coins than other..

[Rickso 768]

an advice for all,.. for the love of god leave all the web wallets that owns your private keys, like coinbase or coinpayment,  just use wallets where you own your keys and/or seed, this is the only way to keep your funds safe

[Maaz sultan 265]

Thanks this is an information full topic you are a good topic creator i think that i have to use an hardware wallet because if any one want to hack you he dont locate you on the crypto data base and all the experts says that wallet is the securest on all the wallets .

[Ahillya 62]

Some of the wallets only store one type of coin while some others support multiple coins simultaneously so that we have  a fair choice to choose from a list of wallets according to our need & use.

 

Thank you for your understanding. Hope u have got the answer.

[Crypto123 0]

4 hours ago, Maaz sultan said:

Thanks this is an information full topic you are a good topic creator i think that i have to use an hardware wallet because if any one want to hack you he dont locate you on the crypto data base and all the experts says that wallet is the securest on all the wallets .

Firstly, thank you for the kind words. Secondly, yes, it is true. I also prefer the hardware wallet because it is the best and the safest. There are several factors that affect your decision to choose a wallet, but the safety factor remains in the first place and it is the most important.

[aymandr 206]

I think write a detailed article and share useful like this for members is very helpful, thank you very much for sharing.hardware wallets are the best

[Maaz sultan 265]

On 2/10/2020 at 9:57 AM, Crypto123 said:

Firstly, thank you for the kind words. Secondly, yes, it is true. I also prefer the hardware wallet because it is the best and the safest. There are several factors that affect your decision to choose a wallet, but the safety factor remains in the first place and it is the most important.

Yes Ledger nano s wallet is most trust-able among many users of this forum i  hears many times that this wallet is more secure from other hardware wallets .

[Grease Lightning 169]

For me, there are only two types of wallet, online wallet and offline wallet. My question is what the difference between a cold wallet and a paper wallet? In my opinion, the paper wallet is included in the type of cold wallet.

[Crypto123 0]

43 minutes ago, Rifat100 said:

In fact, I think Coinbase Wallet is one of the most successful and secure wallets.

However, writing a complete article and drawing such valuable information for members is self-help,This wallet's reputation is very good.  Most people now use this wallet

Thank you for the nice words. As for the Coinbase wallet, I think this is your opinion of the person and I respect it. As for me, I used to find it good in the past but now I do not find it as well because they banned me without doing any offense only because they decided to ban some countries. This is one of the major flaws in my view that keeps me away from these wallets.,

[Ssking93 51]

Self-help to draw such valuable information for the members, this wallet has a very good reputation. Most people now use this wallet. As a result, I think Coinbase Wallet is the most successful and secure wallet.
However writing an entire article

[Crypto123 0]

32 minutes ago, hunasaloow said:

I like cold wallet storage. And precisely, hardware wallets are better because they are the safest. They are the safest to store cryptocurrencies. Besides using a software wallet for more security and complete control of my assets.

Yes, your opinion is completely correct. Hardwear wallets are the best and most secure wallets ever. This is my opinion as well, as well as the possibility of carrying it in your pocket and controlling it through a program on a mobile phone or computer.

[loaspokun 22]

On 17.02.2020 at 12:35, nessreato said:

Finally yes you want to print a unused paper pockets for each sum of cash to be despatched for the reason that sum can because it had been be sent at once.

Online Wallet. Online wallets run on the cloud. In this way, they may be gotten to from numerous devices with a web association. Like each cloud advantage, on line wallets are feasible and helpful. Coinbase is an illustration.

[Iqraali 59]

On 12/16/2019 at 10:34 AM, kazumina91 said:

I also know the wallets that you said, but to write a detailed article and share useful like this for members is very helpful, thank you very much for sharing.

Yes you are right i am agree with you and your opinion i have same opinion like you . Write a detailed article and share useful like this for members i very helpful .

[Shivam1 428]

On 12/9/2019 at 8:18 AM, Crypto123 said:

Hello,

I had promised my friend @Brushless4500KV to write a topic explaining the wallets of cryptocurrency and now I keep my promise and I am writing this topic.

Cryptocurrency wallets are divided into four main types:
 Web wallets, software wallets, hardware wallets, and paper wallets. We can divide them into two main groups, namely cool wallets and hot wallets according to their use.

 

Web wallets:
The wallet is a website similar to exchanges where you open an account on this site and then deposit and store digital currencies in it and when you want to withdraw or transfer, it takes you fees for that.
In this type of wallet you only need a username and password and you do not need a private key or something else. There are several web wallets but the most important ones are:
1 - https://www.blockchain.com

 

 

2- https://www.coinbase.com

 

3- https://www.coinpayments.net

Software or application wallets :
The wallet is a desktop program for the computer or a mobile application and this type is considered safer and better than the first type where you install the program or application on your device and upon completion it gives you private to keep it in a safe place until you use it to enter the wallet or restore it in the event you do soft Ware for device. Of course there are many programs and applications portfolios, the most famous of which is:
1- Electrum desktop wallet

https://electrum.org

2- TrustWallet Mobile App

https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp

 

3- Atomic Wallet

https://atomicwallet.io

 

 

Cold wallets :
Cold wallets are offline. Instead, it uses a physical device to store keys offline while making them resistant to online piracy attempts. It is thus safer to "store" your currencies. It is particularly suitable for long-term investors or "Holders".
for example :
1- Ledger Nano-X Wallet
You can buy it here: https://shop.ledger.com/products/ledger-nano-x

 

Paper wallets:
A wallet is a piece of paper on which the digital address and its key are printed in the form of QR codes. These codes can then be scanned to perform cryptocurrency transactions.

Some paper wallet sites allow you to download their instructions for creating new addresses and keys while offline. As such, these wallets are highly resistant to online piracy attacks and can be considered as an alternative to cold storage.

These wallets are considered the safest at all, but their main disadvantage is that you cannot send part of your money, but must be sent at once.
There are sites that provide paper wallet service such as:
1- https://www.bitaddress.org/
2- https://bitcoinpaperwallet.com/

 

Thanks for your kind information. This types members always help beginners. They give always perfect information for us. Thanks once again for your information.

[campbage 13]

On 17.02.2020 at 18:05, Monisha008 said:

this is a very good article for newbies. I have really learn from it too. I also know that hardware wallets are the best....

In fact, any pockets is no one-of-a-kind from every different however for the interface and I can say that individuals choose wallets best from their needs.

[Crypto123 0]

17 hours ago, Suheer01 said:

thanks for share this information. this information is really good. this information helps the newbie to understand about the wallets. I appreciate your good work.

Thank you for appreciating my work. A person needs someone who appreciates his good work in order to be able to continue towards providing the best. I also ask all members to always try to present the best so that we can promote this forum together.

[Crypto123 0]

On 2/24/2020 at 5:59 PM, frigarson said:

1 - By perusing your valuable post, I can presently get it why Blockchain wallet doesn't inquire me anytime for my private key. Usually likely because online wallets are outlined to be the foremost client inviting for fledglings and they pay attention of your private keys for each exchange. The as it were thing a fledgling ought to alter in an internet wallet is the sum of expenses. But I have listened that indeed online wallets have a few covered up private keys which are troublesome to get.

Thank you, my friend, this is kindness from you, this is what I always try to do with my subjects, which is to provide new, good and useful information so that knowledge can be spread among all members. Yes, Web wallet does not give you any private key, but keeps it there. This is a serious security vulnerability.

Edited February 27, 2020 by Crypto123
correction

[Crypto123 0]

39 minutes ago, sorciemel said:

Hardware wallet. Hardware wallets store clients private keys on a gadget, ordinarily a USB drive. They are able to form online exchanges. Be that as it may, most of the time they are offline which is one of their qualities. Keep Key is one the case of equipment wallet.

Yes, you can connect the devices wallet via USB to the computer to send or receive. You can also connect it via mobile via WiFi. You can also work through the wallet directly if you are connected to the Internet.

[Crypto123 0]

9 hours ago, rezzougali1985 said:

A wonderful explaining of the best and different type of wallets, from the app to hard to paper type, i want to add a warning thing in the blockchain wallet, it's the screenshot of the balance in the app type, because hackers can use this photo screenshot to take your balance so don't ever send this kind of picture because once i got scammed by a hacker by this way.

Thank you for this good talk and good security note. Yes, you should pay close attention to this matter. It is not advised to take a screenshot of any icon or private key because the hacker can obtain it and thus the wallet will be lost.

[Crypto123 0]

19 minutes ago, Jorondovon said:

The most significant difference between wallets are in their security, for instance a web wallet is way less secure than a offline hardware wallet because your information are online.

Yes, the most important thing that anyone should focus on when they wish to deposit their currencies in the wallet is safety, because if the wallet is not safe, you will lose your money. In general, the web wallet is the least secure and the cold wallet the most secure.

[Crypto123 0]

19 hours ago, Jayden Benson said:

Thеre arе five typеs of digital stоrage avаilable fоr yоur use: оnlinе, mоbile, dеsktop, hаrdware аnd pаper wаllets. Оnlinе Wаllet. ...Sеcurity lеvel dеpеnds on thе wаllet. ...Bitcоin: Bitcоin Cоre Wаllet, Mycеlium оr Elеctrum.Ethеrеum: Ethеrеum Wаllet оr MуEthеrWallet (Pаpеr Wаllet).Litеcoin: Litеcoin-QT.Dаsh: Dаsh Cоrе.

Yes, there are several types of wallets, such as web wallet, desktop wallet, android application wallet and cold wallets. For me, the cold wallet is the best and most secure.