With over 3000 cryptocurrencies existing worldwide, very few cryptos including Bitcoin, Litecoin, ZCash, Dash and Litecoin are the top runners in the crypto market. The incident of MT Gox is still fresh in the minds of people. Mt Gox is a crypto exchange situated in Japan. Mt Gox lost millions worth Bitcoin due to a hack. Thereby people started to hunt for safer cryptocurrency wallets.
To safeguard your cryptocurrencies read on about the top 5 cryptocurrency wallets in 2018:
Ledger Nano S: Ledger Nano S is one of the widely used cryptocurrency wallets as it is a secure multi-currency hardware wallet. It resembles a pen drive that can be quickly be plugged into the USB of your device. This hardware wallet is expensive when compared to other software crypto wallets. But Leger nano s has advanced features in return. This device is easy to operate. It has a small LCD screen which facilitates in the cryptocurrency transactions. Ledger nano s provides you with the private keys for better security. In worst case scenarios where you lose your cryptos to hackers, in that case, you can make backups and block the crypto wallet.
Trezor: Trezor is one of the first hardware wallets which has set rigid rules for a secure cryptocurrency wallet. Trezor is regarded as one of the first Bitcoin wallets and has the potential to be feature in the CoinSwitch’s best cryptocurrency wallets in 2019. Trezor is equipped with passphrase feature which secures your account even if the device is under threat. Hardware wallets like Trezor are built in with 12 seed keys for better security and are easy to handle than the private keys. Crypto enthusiasts recommend trying Trezor wallet to store your cryptocurrencies including Bitcoin, Bitcoin Cash and Litecoin as it is much safer than mobile wallets.
Exodus: Exodus is an online cryptocurrency wallet which offers a user-friendly approach. Exodus has enticing features like hassle-free website and top-notch graphics to keep the interests of its users. Exodus offers better protection and presentation than other online wallets. It is a free multi-currency wallet which can be accessed by all.
Edge: Edge is the latest software wallet for cryptocurrencies launched in 2017. Edge supports many cryptocurrencies including Bitcoin, Dogecoin, Augur, Ripple, Litecoin and ZCash which can be sent, received and exchanged. By using a username, password and pin one can create an Exodus wallet in a few minutes. Edge promotes a two-factor authentication for more protection of the wallet.
Jaxx: Jaxx is the first mobile wallet for cryptocurrencies. Mobile operating systems like Android and IOS are supported by Jaxx wallet. Jaxx comes with a mnemonic seed which can be used to backup your coins and transfer them from Jaxx to other crypto wallets.
Protect your cryptocurrencies by choosing the right crypto wallet. Some cryptocurrencies wallets are built in with most secure cryptocurrency trading platforms like Bittrex, CoinSwitch and ShapeShift which offer EOS to BTC conversion, BTC to BCH exchange and many more.