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Multi cryptocurrency wallet

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Jul 17th, 2019
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  1. What are the most secure and reliable cryptocurrency wallets (2017)?
  2.  
  3. Cryptocurrency wallets store the records of transactions, resembling bank accounts. They permit the participants to buy and sell digital assets. Multi cryptocurrency wallets, as the name indicates, allow the users to have more than one digital currency. For example, a user with a multi cryptocurrency wallet can hold Bitcoin, Ether, Litecoin, and a lot more. Multi crypto wallets also ensure that the cryptocurrency owner is the one and only entity that can access the funds; and that too with certain security gateways.
  4.  
  5. Cryptocurrency Wallets fall under five major categories:
  6. Hard Wallets
  7. Mobile Wallets
  8. Paper Wallets
  9. Online Wallets
  10. Desktop Wallets
  11.  
  12. Hard Wallets
  13. One of the safest types of cryptocurrency wallets globally. They enable you to store your private keys on a USB drive with which you can make digital transactions.
  14. Advantages:
  15. Safest Wallet worldwide
  16. Store large amount of cryptocurrencies
  17.  
  18. Mobile Wallets
  19. Available on mobile devices (Android & iOS). You can use mobile wallets, including online wallets when shopping since itโ€™s accepted by a number of stores.
  20. Advantages:
  21. Simplified and Convenient
  22. QR Code Scanning
  23.  
  24. Paper Wallets
  25. A super cold crypto wallet that can be used once your private and public keys are printed on a paper. You can transfer funds by sending money to a public address.
  26. Advantages:
  27. Hack-Proof and Tamper-Proof
  28. Not stored on a third-party server
  29.  
  30. Online Wallets
  31. Also known as web wallets, they allow you to access the cryptos through the internet. Your private keys are stored on the walletโ€™s server, hence safe.
  32. Advantages:
  33. Enable quicker transactions
  34. Convenient to use on the go
  35.  
  36. Desktop Wallets
  37. Safer than online wallets. Just download and install process. The desktop wallets are highly secure until your desktop is not connected to the internet.
  38. Advantages:
  39. The best option for desktop traders
  40. Private keys are not stored on a third-party server
  41.  
  42. A few cryptocurrency wallets accepted globally and highly secure are listed below.
  43. Ledger Nano X
  44. DropBit
  45. Electrum
  46.  
  47. So from the above information, you will be able to choose a cryptocurrency wallet according to your requirements. If youโ€™re searching for a crypto wallet provider, get in touch with Blockchain Firm.
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