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Crypto Wallets: How to choose what is best for you?

Added: (Tue Nov 13 2018)

Pressbox (Press Release) - After years of evolution, cryptocurrencies are finally becoming an integral part of our lives. Having found mass adoption in vital industries, they are becoming the focus of major group as well as individual investors. That’s right. After the unprecedented hike in Bitcoin’s prices last year, the number of investors of various promising currencies has sky-rocketed significantly. In order to securely store, send, and receive their cryptocurrencies, investors need digital wallets. Considering the growing popularity of cryptocurrencies, there are thousands of crypto wallets available in the market today. With so many wallets to choose from, new investors always face the dilemma of picking the right one for them.

Well, here are some factors that will help you decide which crypto wallet best suits your needs. So, without any further due, let’s get started.

1. Security: When it comes to purchasing a crypto wallet, security is the top-most priority. While hard wallets are considered best for the highest level of security, there are also some soft crypto wallets that offer high security at no cost at all. Not just top market players but also new introductions in the market are bent on delivering unbreachable security. For instance, PINT is a crypto wallet that is relatively new to crypto-users, but its Anti-Theft Wipe feature protects users against the threat of data loss or theft. Interestingly, it is currently the only HD wallet that offers this functionality of remotely wiping out the wallet data from a stolen device.

2. Anonymity: It is another crucial factor that is often overlooked in the quest for a decent crypto wallet. User anonymity is crucial for safely carrying out transactions on the blockchain network. Therefore, before making the purchase, ensure that your crypto wallet keeps your identity hidden from hackers and other fraudulent entities.

3. Intuitiveness: Wallets that are convenient and easy-to-use go best for beginners. Hard wallets are usually intricate and are recommended for advanced crypto users. Therefore, go for a soft wallet that offers intuitive beginner-level functionality.

4. Multiple-currency support: As a beginner, this may not seem like a big factor to consider but ensuring that your wallet supports multiple currencies goes a long way. It will save you the nuisance of having different wallets for all of your different coins. Several wallets even support In-app Currency Swap, which comes in very handy while making transactions. PINT is a notable example.

Well, these are all the major factors that should be at the center of your focus while buying yourself a digital currency wallet. Aside from that, it never hurts to do your own research on the Internet, reading online reviews from verified users, following discussions in relevant crypto forums, etc. We hope you found the article helpful. Good luck!

Submitted by:Ankit Rathi
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