When getting started with cryptocurrencies, the first thing to do is to provide a safe and convenient place to store funds. There are special crypto wallets for this.
There are 4 basic categories:
Cold or electronic wallet
Online wallet
Mobile wallet (eg Trastra https://trastra.com/wallet/ )
Wallet on crypto exchange
In addition, there is a division into single-currency and universal wallets. The choice depends on the current tasks and the degree of user activity.
But in any case, there are best wallets for cryptocurrencies in every category. Their main features are high security and ease of use. This review will help you find out which wallet is the best fit and will give you the opportunity to store coins, make money on the exchange or get wide access to financial instruments.
According to experts, if the goal is simply to buy and store funds in cryptocurrency, then the best choice is a cold wallet. This is the most reliable way to save coins, because all the information is on a special flash drive and no problems with a computer or mobile phone will create a security risk. Most of the popular coins are usually installed on such wallets.
An online wallet has the widest range of actions. In addition to storage, it is possible to carry out exchange transactions, track quotes on the cryptocurrency market, invest coins in various financial instruments
Mobile wallets have become widespread relatively recently. As a rule, their functionality is more specialized. Often such wallets are created exclusively for a separate ecosystem. Therefore, not all currencies can be stored on them, but this is compensated by the wide coverage of services that this ecosystem provides. In addition, the best cryptocurrency mobile wallets have access to all major blockchain networks and allow you to store all major coins. The main advantage of this method of storing crypto money is quick access to your funds.
The last variety is exchange wallets. They provide the opportunity to trade on the stock exchange. This does not prevent you from storing cryptocurrency on such wallets, but there have been more than a few cases of hacking the exchange and stealing funds from the accounts of participants. Therefore, if we are talking about long-term storage, then it is better not to use this method of storage.