What is a wallet?
One of the first things that I have learned while getting into the blockchain technology and any investments you can do related with digital currencies is that you need a wallet to store your goods.
The “wallet” is nothing near as a physical wallet but it is more of a address. This address is a cryptocurrency public key that can be used as a location as where the transactions could be send, not taken nor requested.
As for the private key it is the code which you need to access the public address – in this case the wallet to be able to spend from it.
Here is a list of recommended wallets you can use:
Top 5 Wallets
While you enter their website or starting using the application,
you will notice a very, very user-friendly platform to be approached by the individual that wants to create a wallet using Exodus.
As explained by the company itself:
All-in-one app to secure, manage and exchange blockchain assets.
You can download the app and use it to keep the blockchain assets or so called digital currencies, manage or us it as an exchange application. A multi asset wallet, capable of storing or exchanging many and different coins as in bitcoins or altcoins which ever you are using at that particular moment.
Using ShapeShift with one click you can do any exchange you want, and on top of that with the live Chart you can keep track of the total value of your belongings.
As of course it encrypts you the private key and transactions data locally for the users eyes only.
Ledger Wallet S
It is a so-known cryptocurrency or blockchain asset hardware wallet. Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
It does support multi assets capabilities. Ledger Wallet S supports Bitcoin, Litecoin, Ethereum and altcoins: hold different assets in the same hardware wallet. Use companion apps such as cryptocurrencies wallets, and also FIDO® U2F, GPG, SSH or build your own applications.
When you order in the box comes the Ledger Nano S, usb cable, instructions, recovery sheet and accessories. It is known for its Security. Starting off with your private key being known only to you and never to Ledger or any third party, each time it plugged in it asks for a 4 digit code and the Ledger itself is based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). The firmware integrity is guaranteed by cryptographic attestation.
Ledger Nano S website
My Ether Wallet
While Exodus website and app design is very attractive to its users eye, MyEtherWallet is more of a straight to the point type of place to deal with. As you enter to open up your wallet you have to use a password to decrypt your private address key so you can spend Blockchain assets that you want to exchange. To be honest it is the first Wallet that has been recommened to me by friends or people I spoke with online.