Still, here are some tips on how to choose the best cryptocurrency wallet.
Firstly, let’s know what’s a cryptocurrency wallet.
In a nutshell, a cryptocurrency wallet refers to a software program that stores your public and private keys which enable the sending and receiving of cryptocurrencies at the press of a button.
Although calling it a cryptocurrency wallet would be a misnomer as it doesn’t store your crypto coins, it enables you to interact with the blockchain during transactions.
There is one important thing to consider that a person gets three ways to store their cryptocurrencies: software wallets, hardware wallets, and custodial wallets.
Also, you need to think about storage, which can be either cold or hot.
Hot storage means you choose to store your coins online that may be prone to hacks, whereas cold storage means taking a person’s crypto coins and keeping them securing offline.How to Choose the Best Cryptocurrency Wallet, what are the Types and their Usability?
Read full story here