Hey, guys! Today we are going to continue series of materials dedicated to crypto wallets. From these articles you will learn:
- What types of wallets are there?
- Which ones are better to use with Ethereum, and which ones with bitcoins?
- What are the best crypto wallets today?
Today we’re going to sum it up. If you don’t understand what is going on, you need to read the previous articles about digital wallets and go back here after that!
📌 Paper wallets.
Your cryptocurrency account is just a pack of private and public keys. And all that you need for your keys to be saved, is to write it down on a piece of paper. This will be a paper wallet. Some people really use such wallets. It must be the best choice for people with persecution mania!
📌 Hot wallets.
If you want to manage a small amount of money, do quick transfers, etc., it will be good for you. If you want to store large amounts, then you will have to choose a different method.
📌 Warm wallets.
Unlike hot wallets working in the cloud, the warm wallets (they are also for software or mobile) are located on your device. But they are connected to the Internet. This method is safer than the previous one, but still not the safest. In addition, if you use warm wallets, you need to remember that all your digital currency will be tied to your device. And if you suddenly lose it, your coins will be lost too.
📌 Cold wallets.
In our opinion, the best way for holding your digital currency is to store it on a cold wallet. In general, even the most ordinary USB flash drive can be used as a cold wallet. But it is better to entrust your crypto keys and transactions to specialized devices with the Secure Element chip. But you need to understand that you will have to pay for security. A cold wallet is the safest device for storing digital currency, which impacts on its value.
Why are we telling you this? Because very soon we will release Vinci Wallet. What it is? How to use it? Read our materials and you will not miss something important.
P.S. Vinci is not responsible for the third-party organizations activities. The review is based exclusively on external experts point of view