Cryptocurrency Wallet : Cryptos are becoming increasingly popular and is increasingly discussed in public.
They have alerted the public to the significant fluctuations in their market prices, as well as to a multitude of fascinating technological innovations that enrich the evolving digital ecosystem.
More and more companies are currently accepting payments in Bitcoin and other popular cryptocurrencies or tokens.
However, if you plan to invest or trade in cryptocurrency to pay, one of the key requirements is accessing your own e-wallet.
Cryptocurrency users now need easy, efficient, and convenient access to their digital assets.
It is therefore not surprising that mobile wallets are becoming increasingly popular. Unlike traditional hardware portfolios that require access to a computer, mobile wallet users can access digital resources anytime, anywhere.
The key feature of mobile electronic wallet is the convenience they provide in verifying account balances or transactions of these funds between interest groups.
Most digital developers are currently trying to offer users new versions of their products for as many mobile operating systems as possible in order to maximize the reach of their potential audience. Almost all e-wallets on the market support at least the most common operating systems such as iOS and Android.
Unfortunately, it should be noted that mobile wallet crypts are not considered extremely secure platforms and therefore likely not suitable for storing large amounts of digital assets.
However, there may be nothing better than being able to do transactions quickly and directly. Be sure to choose your e-wallet responsibly and find out in detail about the platform of your choice.
What is Cryptocurrency Wallet?
The electronic wallet works on the same principle as a bank account, with which you can monitor transactions and send and receive digital currency units.
At the same time, the ownership of your digital wallet is not regulated by law in any country. That’s why you have to pay special attention to choosing the right portfolio.
If you underestimate this step, you can easily lose large sums of money. However, to make the right decision, it is important to know and understand the benefits of each available alternative.
Which Crypto wallet to choose ?
The mobile wallet currently available on the market differ in security grade, type of crypto currency supported and additional features.
We selected the 7 best and most commonly used mobile crypto wallet applications for iOS and Android to present their comparative analysis.
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Jaxx
The Jaxx digital wallet is particularly popular for its speed, features and ease of use. You can easily send or receive cryptocurrencies using the button on the display of your mobile device.
Another feature of the Jaxx wallet is the ability to adjust the processing speed of transactions by changing the commission value so that higher priority can be given to certain transactions.
The application also supports dozens of digital assets, including Bitcoin, Ethereum, Litecoin, Dash as well Litecoin as tokens such as EOS, QTUM, TenX and many more.
Unlike its competitors, Jaxx does not focus on security, yet it has at least a minimum set of protective measures in its arsenal .
Users of this platform do not need to be KYC verified at the time of registration and private keys are not stored on the company’s servers.
At the same time, your wallet does not support some standard security options like 2FA.
Ultimately, Jaxx is the ideal mobile cryptography application for users looking for a quick and easy way to manage the cryptocurrency on their mobile devices.
Blockchain
Blockchain is one of the most well-known Bitcoin wallets, but it also works with a variety of other cryptocurrencies such as Ethereum, Bitcoin Cash and Stellar.
It is a very reliable and proven service that brought a total of $ 40 million in investments in 2017.
Unfortunately, it should be noted that the processing speed of blockchain transactions is medium and regularly contains minor errors.
Protection methods available: 2FA protocol; secure password; Seed key
Coinbase
Coinbase is another popular crypto wallet.
This platform is very fast, easy and user friendly. Coinbase supports 5 tokens: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
With this service, you can not only store your cryptocurrencies, but also participate in trading with them.
An interesting feature of this wallet is the ability to set up regular payments, to plan the purchase, sale of cryptocurrency and make subsequent transfers / as well as set up future transfers .
Protection methods: 2FA protocol; secure password; Seed key
Coinomi
Coinomi is another popular choice for Android and iOS users. It’s a good combination of security and support for different digital assets.
In addition, thanks to ShapeShift, known for its user-friendly interface and its conversion speed, the wallet offers transaction tokens in no time.
This wallet supports a number of different cryptos, with Bitcoin, Ethereum, Litecoin and Dash being the most popular.
The so-called stable coin and several popular ERC-20 tokens are also available.
When depositing on the Coinomi platform, the address of the target exchange must be specified during the transfer from the crypto exchange. You can also top up your wallet at the Bitcoin ATM.
Payments are quick and easy – just select the desired cryptocurrency, enter the recipient address and token volume and click the “Send” button.
GreenAddress
GreenAddress is one of the cryptocurrency wallets that only support Bitcoin.
However, the author of this project has provided the GreenAddress platform with several important functions.
- Use of multiple signatures for each transaction.
- the ability to limit the number of transactions.
- Send cryptocurrency units to friends on Facebook & Twitter
- Transactions via email address and phone number.
Protection methods: 2FA protocol; secure password
Mycelium
It is a Bitcoin mobile wallet for Android and iOS users.
Mycelium is characterized by a relatively simple and clear design, which is also understandable for new users.
The main advantages of Mycelium Wallet are
- Simplicity and convenience.
- The generation of QR code for transactions.
- Data backup
- Good integration into social networks.
- The directory of participants with whom you carry out the most frequent transactions.
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Cryptopay
Cryptopay is a unique crypto funding project in the UK.
To this end, the creators of the platform have issued a credit card which can be ordered and linked to your crypto wallet.
You can then use it to shop in cafes and shops. You can also activate a virtual card for online payments.
Protection methods: 2FA protocol, secure password, Seed key