Bitcoin, which "was born" in 2009 after the Genesis Block, Bitcoin's first block, was mined, has revolutionized the way we think about money as well as how we use it.
If credit/debit cards were a major breakthrough when they were firstly launched, as they allowed users to spend the money they had in the bank accounts directly with a plastic card, the emergence of cryptocurrencies has gone one step further.
Until now, users had to rely on the services of centralized institutions such as banks to store their funds. And as we all know, trusting third parties can sometimes have some really bad consequences. Just as an example, let's think about the Corralito in Argentina in 2001, when the Argentinian government froze all bank accounts, making it impossible for users to withdraw their money from banks.
This is what Satoshi Nakamoto, the creator of Bitcoin, wanted to prevent from happening again. According to the foundations cryptocurrencies are based on, centralized institutions cannot be trusted. Thus, cryptocurrencies are based on decentralization, meaning that there is not any institution that can unilaterally make decisions on the ecosystem.
With the emergence of cryptocurrencies it became necessary to find place where these new digital assets could be stored.
At the moment, users have 3 possible options:
- They can keep their cryptocurrencies directly on the exchange they buy them from, however, unfortunately, we all have read news about crypto trading platforms shutting down and keeping users' funds or being hacked.
- They can buy a hardware wallet and use it to store their assets.
- They can use an online crypto wallet to keep their assets accessible all the time and safe from hackers.
The most convenient way for investors to store their digital assets is in online wallets as they allow them to access their assets anytime and from anywhere. Nowadays there are plenty of services that offer crypto investors the possibility of storing their cryptocurrencies. We are going to focus on the top 3:
1. COINS
Users looking for a safe and reliable crypto wallet to store their cryptocurrencies directly from their smartphones should first consider this option.
COINS is a mobile app that has been created by a team known for state-of-art projects like coinpaprika.com. The app allows users to discover, store, invest, send and receive cryptocurrencies.
One of its most popular features, which makes it stand out of the competition, is the possibility of buying cryptocurrencies directly through Apple Pay. Thanks to this, unlike other wallets that only support a limited number of assets, users can buy and store over 2,000 cryptocurrencies.
COINS, which is a non-custodial wallet, takes security very seriously, and to keep users' assets safe, it is secured with biometrics and inhouse cybersecurity company Grey Wizard.
The wallet uses trust-wallet-core, a cross-platform library that implements low-level cryptographic wallet functionality for all supported blockchains.
Another popular feature of COINS is that it charges users very low fees to make transactions. Regardless you make transactions with Bitcoin, Ethereum or Litecoin, among others, you will always pay a lower fee if you make your transaction with COINS.
The iOS version of the crypto wallet is now available for download directly from the App Store. As for the Android version, it is ready for beta testing. Should you be interested in taking part in the trials, please send an e-mail here.
2. TrustWallet
TrustWallet, which has over 400,000 monthly users, is the official crypto wallet of Binance, one of the world’s largest cryptocurrency exchanges.
It offers users a simple mobile app to manage their tokens and cryptocurrencies, and allows them to have full control of their private keys at the same time. How? The keys are stored locally and protected against any potential attack with lots of layers of security, making sure hackers will never have access to them.
On special feature of the wallet is that it works perfectly with Binance DEX and Kyber Network protocol, allowing this way users to make instant trades on the decentralized exchange.
The security of the users’ data is really important for Trust Wallet, the reason why the company will never access your personal information and will always keep your data safe and secure.
Trust Wallet integrates a built-in Web browser3 that allows users to browse decentralized Internet dApps seamlessly and securely. The wallet is compatible with many cryptocurrencies and protocols (ETH, BTC, XRP, TRX, XLM and BNB, among others). In addition, it offers full support for any ERC-20 tokens on Ethereum network and BEP2 on Binance Chain.
Users interested in using it can download the Android and iOS version of the wallet’s official app from Google Play and the App Store.
3. Jaxx
Jaxx is a cryptocurrency wallet that allows its users to store over 90 different cryptos.
It features different options, such as viewing balance, seeing transaction history and viewing detailed information of all supported coins. It is compatible with third-party apps like Changelly and ShapeShift, providing this way its users with the possibility of instantly buy and sell all the supported cryptos, such as Bitcoin or Ethereum.
Another top feature is its market data option, which allows investors to keep track of their preferred assets, compare price changes, see market caps and follow trends. Thanks to this feature, users will no longer have to look for information in external sources, allowing them to save time and with the guarantee that all the information is accurate.
Besides, users using this wallet also have access to the latest crypto and blockchain news directly from the app, allowing them to both prepare and implement their investment strategies from the same place.
Jaxx is compatible with multiple blockchains, which means that users will be able to search on different blockchains easily and fast thanks to Jaxx Liberty's easy-to-use block explorer.
If you happen to have any doubt or problem with the wallet, Jaxx’s customer service is available 24/7 to help you with any issues you might have. You can contact them via e-mail or on social media.
If you want to test it, you can just download its mobile version from Google Play and the App Store. The desktop version can also be downloaded from here.
Bottom line
121If you have decided to put your money in the crypto market, you have to do some research learn as much as you can about the crypto sphere before making your first investment.
Thanks to coinpaprika engine, you can do so directly from your crypto wallet, as it allows you to browse all coins on the market, access their whitepapers, find out information about their development teams and progress and a lot more.
By browsing the different cryptos in the market, you will be able to explore the immense world of cryptos in a simple and intuitive way directly from your wallet. Invest easily from COINS.
Do you want to buy some cryptocurrencies? You do not have to go through the multiple-step registration process all exchanges have and waste your time moving your cryptos from and to your wallet. Now you can buy them directly from COINS thanks to its built-in non-custodial exchange.
If this was not enough, the crypto wallet also allows its users to send and receive cryptocurrencies from their friends directly through their contact list. For more information about the wallet, please visit its official site.