What’s the best Wallet for altcoins?

What’s the best Wallet for altcoins?

What is a wallet for altcoins?

A wallet for altcoins is a software which stores your coins’ private keys and helps you to send or receive coins. You can’t keep your digital coins without a wallet. So, when you buy Bitcoin or altcoins on a broker’s platform, they will automatically make a free online wallet. Although online wallets are mostly safe, they can be compromised at times. Thus we recommend people get hardware wallet for altcoins. A hardware wallet can be like a small USB which you connect to your computer to do transactions.

A hardware wallet for altcoins is pretty similar to the wallet that you might get for Bitcoin. Essentially, all coins can be kept safely in any wallet for Bitcoin. That’s because all digital coins have the same characteristics in terms of how they are transferred and thus most wallets are compatible with altcoins. It’s one of the most secure ways to store your coins since the software isn’t connected to the internet. That prevents anybody who might try to gain access to your altcoins.

Why do I need a wallet for altcoins?

You need a wallet for altcoins because it’s much safer. For example, if you were to invest a few thousand dollars into Bitcoin, you would prefer to be safer. The secure element in a hardware wallet protects your information by encrypting them using cryptography. Cryptography is essentially like creating a puzzle and then saving the information so that even if people gain access, they cannot read what is within. But people won’t be gaining access any time soon since the secure element functions in a way that isolates it from your computer. 

So, if your computer is infected with a virus or a hacker has access to your computer, you don’t need to worry about your coins. Since the hardware wallet for altcoins has an isolated secure element, the information isn’t on your laptop and thus the hacker cannot access your coins. It’s a pretty easy solution for internet security concerns.

What’s the best Wallet for altcoins?

Ledger is one of the pioneers of the hardware bitcoin wallet market. It was founded in 2015 by founders with extensive experience in security and cryptocurrency trading. Currently, it’s one of the best companies providing a hardware wallet. They pride themselves on being the leader in the hardware wallet markets. It’s one of the best wallet for altcoins on the market today. The Ledger Blue is the iPhone of hardware wallets. It’s one of the most versatile and easy to use hardware wallet available today and for good reason. 

The Ledger Blue is almost as big as a smartphone and has a large touchscreen. The Ledger Blue also has Bluetooth connectivity which can be used with your mobile phone or your computer. You can also connect your Ledger Blue to the computer using a USB as well if you feel like being more secure. On a full charge, the device will last you a full day’s usage. That’s a lot considering most smartphones average that time as well, and that you would use the Ledger Blue much less than your phone. So you can definitely carry out a few transactions throughout your day without facing many issues.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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