A safe wallet crypto, such as Vouwallet, is a special high-tech programme that makes it possible to receive, send and store cryptocurrency. There are cryptocurrency wallets that work with only one cryptocurrency. Let’s understand this interesting topic in detail.
Ways to store cryptocurrency
There are several ways to store cryptocurrency:
- Online cryptocurrency wallets are hosted on websites and give users access from any computer device.
- With mobile cryptocurrency wallets hosted on mobile gadgets, the user has access to their money at any time, there would be access to the internet.
- Exchange cryptocurrency wallet is hosted on the website of a cryptocurrency exchange.
- A software cryptocurrency wallet is a programme and is installed on a personal computer. The keys to such a wallet in the form of an encrypted code are available to the user of the computer device.
- Hardware cryptocurrency wallets are devices resembling a regular USB stick. Hardware crypto wallets have their own software.
- Paper cryptocurrency wallets are created on separate websites and printed by users.
- Browser-based crypto wallets work in the browser and are extensions in Google Chrome.
- Deposit-based cryptocurrency wallets hosted on an exchange platform.
Depending on the degree of security, cryptocurrency wallets are:
- “Cold” cryptocurrency wallets are special programmes for storing keys in offline mode. Despite some inconveniences, “Cold” storage is the most secure. “Cold” wallets include desktop, hardware, paper wallets.
- “Hot” cryptocurrency wallets are online services, exchanges, applications for mobile devices, which are accessed via the Internet. Such cryptocurrency storages are more suitable for temporary saving of financial assets. It is better to store cryptocurrency for a long time on “cold” services.
Each cryptocurrency wallet is designed for a specific purpose, some of the crypto stores do not work with certain programmes and devices, so you need to study the information in detail.
Which cryptocurrency wallet to choose?
When choosing a cryptocurrency safe, you should find out whether crypto wallets support the work of the cryptocurrency you need. For example, the latest versions of crypto wallets focus on multi-currency, it is more cost-effective. Earlier versions saved exclusively one type of the coin.
Nevertheless, to utilise a cryptocurrency wallet, it is preferable to read the manual. The producers of cryptocurrency storage offer guidelines on how to use a wallet containing cryptocurrencies. To increase confidence, it is desired to make another copy of the private key, though two backups are not very safe.
To find out which cryptocurrency safe is worth having, you should study this information on the website of the developers of the selected cryptocurrency. When choosing a cryptocurrency wallet, we recommend paying attention to reliability factors. By following these tips, you will be able to find the best option!
