If you have bought or sold any crypto currency, you have probably heard that you should not keep your currency on any of the exchanges such as Binance, Coinbase or Bittrix. Why? Exchanges can, and have been, hacked. Especially when your investments significantly grow in value, you will want to ensure your currency is stored offline in a digital wallet.
For those investors who are not inclined to the digital world of programming or operating computers besides basic PC or MAC use, some of the digital wallets can seem overwhelming. However, don’t let this discourage you! We are going to give you four different digital wallets for you to use that have a simple interface and do not take long to set up.
The first is called JAXX. This wallet can be set up on your iphone, android and your desktop. It holds several kinds of currencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DASH, SALT and more. Set up is simple and you will be able to access all your crypto wallets through this one app.
The second is called Stargazer. This is a wallet designed especially for Lumen/Stellar (XLM). It is available on google play and can also be downloaded onto your desktop. It has a basic interface and will only hold the XLM currency; however it is user-friendly and secure.
The third is called Neon. This wallet will hold your NEO or GAS crypto’s and can be installed on your desktop. Like JAXX and Stargazer, it has a simple and user-friendly interface which makes for a great introduction into the world of crypto currency wallets.
The fourth and final recommendation is called EXODUS. Exodus can be downloaded onto your desktop from their website and is quickly installed. The interface is straight forward and sports the options of theme such as "deep space". This wallet is like JAXX as it holds several different cryptos including Bitcoin, Etherium, Litecoin, DASH, SALT and Aragon.
Without a doubt, the crypto markets are huge and these three wallets barely scratch the surface of the options available to you. However, these wallets provide a good starting point for all crypto investors and will help get you comfortable with the process of transferring and holding crypto.
As always, make sure you start with small amount when attempting deposits or withdrawals for the first time! You don’t want to lose all your currency in case there was a mistake in the address.
Best of luck in your ventures!