The Top 5 Best Cryptocurrency Wallets

Cryptocurrency wallets ,, first off we must explain what is a crypto wallet ?? 

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance you're not really storing bitcoiners storing a theory 'm in a wallet it's more that you're storing the keys to your wallet if you get .

The different types of Cryptocurrency Wallets

So this isn't really a very accurate picture but it looks cool because it's not recommended to keep your Bitcoin and your out coins on exchanges of course , I mean if you plan to get in and out of trades quickly if you're doing  trading or even swing trading .

You might keep a few on the exchange you don't have full control over your currency on your coins when you keep it on an exchange it's just not recommended but for optimal security and privacy you want to get yourself acryptocurrency wallet .

The desktop wallet

So these are wallets that are downloaded and installed on your PC or your MacBook they're only accessible on the computer that you downloaded it so you know if you download it on your macbook you can't access it on your boyfriend or girlfriend's PC you can't access it on your phone or anything it's just on your desktop on the computer that you have that you downloaded onto desktop while it's offer one of the highest levels of security however if your computer is hacked or it gets a virus there's a possibility that you may lose all your funds and also if you don't have your wallet backed up and if something happens to your computer .

Cloud wallet 

In other words an online wallet while it's run on the cloud and are accessible from any computing device in any location so it doesn't matter what computer or what tablet or phone you use they're definitely more convenient to access but online wallets store your private keys online that are controlled by a third party which makes them more vulnerable to hacking attacks and to theft .

 Mobile wallet 

So mobile wallets run on an app on your phone and are useful because they can be used anywhere including retail stores you know it's just like having a wallet in your pocket your phone is your wallet so it's super convenient , so they're smaller obviously depending how small your phone .

Hardware wallets

Hardware wallets differ from software wallets in the face store a user's private keys on a hardware device like a USB so even though they make transactions online they are stored offline which also lead Olivie security hardware wallets can be compatible with several web interfaces and can support different currencies depending on which one you use so yeah making a transaction is easy you just simply plug in your device to any internet-enabled computer or device .

Let's make it possible to easily transact while also keeping your money offline and away from danger you know so there is that real sense of safety unless I mean I guess someone could could rob you you know they might be really stupid not know what it isn't think it's a USB and just like throw it away regardless you've lost your money .

Paper wallets 

The most creative obscure way of keeping your cryptocurrency they are easy to use and they do provide a high level of security so the term paper while it can it can Refer to a physical copy or print out of your public or private keys but it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed so using a paper wallet is relatively straightforward .

So there's a process called sweeping and that is if you want to withdraw or spend currency all you need to do is transfer funds from your paper wallet to your software wallet and that's called sweeping and it can either be done manually by entering your private keys or by scanning the QR code on the paper wallet paper wallet I don't know I feel like I would spill tea on it or my dog would eat it or something there's lots of tutorials on YouTube on how to make a paper wallet .