Unlike the classic legal tender, the digital currency has no material existence. To possess it means that you detain it numerically through a wallet.
You are free not to have to request the services of a banking institution as the depository of your funds. But it is up to you to insure the safety of your digital assets.
Wallets are open source software dedicated to the storage of the cryptocurrency. They consist of two inseparable elements intended to give evidence of the reliability of the transactions:
To highlight the safe keeping of e-money demonstrates the protection of the encryption keys of associated with your public addresses. Be particularly careful and never share or give a private key to anyone, including on the Internet whatever is the reason: numerous scams have for only purpose to steal your assets.
According to its nature, a wallet can be accessible by means of various online platforms or, in a disconnected way, from the operating system of a device.
Five types of wallets are usually listed:
Each wallet presents advantages and inconveniences. Nevertheless the hardware wallet stays unmistakably the best choice on a security point of view.
If you intend to possess only a small quantity of cryptocurrencies, you can turn to a desktop wallet, downloadable free of charge on your computer.
On the other hand, any more important investment requires to definitely favour a hardware wallet such as Ledger Nano S, the leader on the market. Easy to use, it is also 100 % secure. But beware on certain deceitful web sites which propose in the sale of "forged" Ledger Nano S! In order to take no risk and be certain of your purchase, you can order your wallet by using this link of membership.
As for the solutions of on-line wallet, they will be adapted only to the low flows of digital assets and not to the big investors, because of the security failures which can target them.
Consequently, the selection of a specific wallet or the spread of your currencies will depend especially on your investment objectives.