In today’s digital era, many new technologies are appearing on the internet and are becoming the latest trends, such as NFT, cryptocurrency, blockchain, etc.
For some people just starting in the world of NFT, it’s expected that you have ever felt overwhelmed by the sheer number of new terms that need to be understood. One of them is a crypto wallet.
In this case, a cryptocurrency video is the best way to help you understand its complicated concept and the new terms.
Moreover, crypto wallets are a place to store various cryptocurrency assets like bitcoin, Ethereum, tether, Binance coin, etc. You will get a private key to authenticate crypto transactions when using a crypto wallet. Make sure you store the private key securely, so no one else finds out.
When users see many crypto wallet options available, some may be confused about choosing the best wallet to store their crypto assets. Therefore, we have picked the five best crypto wallets to store your cryptocurrency:
1. Ledger Nano X: Best for Overall
Ledger Nano X is one of the most popular and trusted hardware wallets. This wallet supports over a thousand cryptocurrencies and continues expanding the list of coins they facilitate. Ledger Nano X became one of the best crypto wallets because of its security.
As with other crypto wallets, the Ledger Nano X stores your private keys in a physical device such as a USB which is known for its security system that is difficult to break into, so the risk of user accounts being hacked is shallow. The security system itself uses a PIN.
2. Exodus: Best for Desktop
Exodus is one of the best crypto wallet options for every investor because it can be used easily on mobile and desktop without any hassles.
Exodus is an aesthetically designed wallet that supports multi-coin exchange with the ShapeShift system, making it possible to trade easily between cryptocurrencies or with fiat money, which is the official currency in each country.
Unfortunately, Exodus can only accept about 100 types of cryptocurrencies. But there’s no need to worry; the types of crypto money available are relatively popular, such as Ethereum, Golem, Litecoin, and Bitcoin.
3. Coinbase: Best for Beginners
Coinbase may be better known as a cryptocurrency exchange, but they also offer a fairly popular wallet product. Like MetaMask, Coinbase Wallet is also often a popular option in various NFT Ethereum marketplaces, and you can also access it from desktop and mobile devices.
Coinbase Wallet also offers unique features, such as how users can send crypto assets or NFT via username instead of public wallet addresses which usually contain very long random letters and numbers.
Coinbase Wallet users also have another place to hunt for NFT, namely Coinbase’s own NFT marketplace. It is one of the reasons why this Coinbase wallet is the best choice for every investor, especially beginners.
4. MetaMask: Best for Ethereum
MetaMask is one of the most popular digital crypto wallets among NFT users. If you visit NFT Ethereum marketplaces like OpenSea or SuperRare, it’s almost certain that they all support MetaMask.
The popularity of this wallet is increasing as more traders invest in Ethereum (ETH). In addition, now that MetaMask is available for desktop devices, MetaMask is also known as an Android and iOS app.
One of the features of MetaMask that is in its user’s favor is the swap feature, which allows users to exchange cryptocurrencies without ever leaving MetaMask. Using MetaMask, users can create separate wallet addresses specifically for NFT assets, so they are not mixed with other crypto assets.
5. Electrum: Best for Bitcoin
Electrum is one of the best Bitcoin wallet alternatives that use low resources. This Bitcoin wallet is available on various operating systems and devices, such as Windows, Linux, Mac, and Android.
One of the most significant advantages of using Electrum is that users can make Bitcoin transactions via a lightning connection. It allows users to transact faster and at lower costs.
Unfortunately, Electrum is not for users who are just learning about cryptocurrencies. Even though Electrum may not be for everyone, it is a great option for savvy Bitcoin traders.
Takeaway
When you want to enter and learn about the crypto world, you need to know new concepts and terms in the cryptocurrency world in detail. One of them is a crypto wallet. Every crypto investor, trader, and the user will need a wallet to store cryptocurrency assets.
Therefore, choosing the best crypto wallet that suits your needs is essential. You can enter the five best crypto wallets I’ve mentioned above to help you quickly, safely, and conveniently store your cryptocurrency.
Author Bio
Andre Oentoro is the founder of Breadnbeyond, an award winning explainer video company. He helps businesses increase conversion rates, close more sales, and get positive ROI from explainer videos (in that order).
Twitter: @breadnbeyond
Email: andre@breadnbeyond.com
LinkedIn: Andre Oentoro
