If you want to buy cryptocurrencies, you have to think about how to get a crypto wallet first. A huge variety of crypto wallets doesn’t allow to make the right choice.
There are a wide variety of wallet types that have different advantages and disadvantages. What should you know about crypto wallets?
A crypto wallet can also be called a digital wallet. The tokens of various cryptocurrencies are stored here. Accordingly, it’s essential to choose reliable providers. This is the only way to secure your own bitcoins, Ethereum coins, or other online currencies.
In fact, you cannot access crypto exchanges at all if you don’t have a crypto wallet. After all, deposits in online exchanges’ accounts are often possible with the help of a Bitcoin wallet.
Today, Switchere will show you the best cryptocurrency wallet in 2020 as well as help you find the best place to get a crypto wallet. Let’s get started!
Where to Get a Crypto Wallet: What Are the Key Types of Crypto Wallets
A lot of people wonder where to get a crypto wallet. Well, first of all, it’s necessary to consider all the existing types of wallets in detail!
If you’re about to create a crypto wallet, you are faced with a choice. That is, there is a place for crypto wallet comparison. The most common type of digital wallets is a so-called online wallet. They’re mainly found directly on platforms of crypto exchanges. So you don’t have to register on special service providers first, you can simply manage coins in your own account. Here you can find corresponding addresses directly.
Online wallets are also known as hot wallets because they are permanently connected to the network. So this type of crypto wallet is very accessible and easy to use. You may still wonder ‘How can I get a crypto wallet of that kind?’. Well-known online wallets are Coinbase or Blockchain.info ones.
Computer & PC Wallets
Many other providers allow users to save a program directly on their computers. These are software solutions that allow you to manage your own coin on the PC. These ones are so-called computer or PC wallets. In this case, it’s particularly important to protect your PC as much as possible. Viruses and Trojans always try to break through the PC networks’ security.
If they succeed, your passwords or private keys could be recorded. In the course of the following, the cryptic credit is then completely emptied. A lot of people ask ‘Where should I get a crypto wallet?’ Well, the best-known providers of this type of wallets are Bitcoin Core, Electrum, or Exodus.
So-called mobile wallets are very contemporary. They are also called smartphones or tablet wallets. Basically, they are quite similar to the PC wallets mentioned before. Here, it’s also about programs which are installed on your mobile device. Such software often stands from other types.
In this case, it’s also important to protect your device. Crypto wallets on mobile devices are particularly popular because they are quite simple and user-friendly. You always have them in hand thanks to mobile devices. Leading smartphone wallets are Airbitz or Breadwallet.
Cryptocurrency wallets with the highest security level are so-called hardware wallets. You will be connected to the network only in case you’re actually using them. In this respect, such a type of wallet refers to a so-called cold wallet. The devices often resemble a traditional USB stick. But in fact, they’re powerful computers that are used for managing key, passwords, crypto credits, and addresses.
A hardware wallet is associated with comparatively high purchase costs. However, you benefit from a high level of security. The most popular hardware wallets are Ledger Nano S or Trezor.
Some users are fond of complete offline solutions. This is what a paper wallet is all about. How do I get a crypto wallet of this type? Well, in this case, you’re your own manager! The access key can be simply written down on a piece of paper. In theory, such sequences of numbers can also be encrypted as QR codes. So there is no connection to the Internet at all. However, a paper wallet carries a huge risk. A piece of paper can easily get into the wrong hands. It’s also can be destroyed by fire, water, or simply lost or stolen. Safe storage is recommended.
Best Place to Get a Crypto Wallet:
Now you know where & how to get a crypto wallet you want. It’s time to consider the best place to purchase a crypto wallet!
The eToro Wallet
One of the best wallets ever is the eToro wallet. It can be easily downloaded from the App Store. First of all, you will receive instructions on how to send and receive tokens, as well as an overview of different cryptos.
In fact, with the eToro wallet, you don’t have to keep entering any keys. The wallet takes care of it automatically. However, at this point, it should be mentioned that you must first have an eToro account in order to be able to use the group’s crypto wallet.
The idea of trading on a phone is pretty exciting. But of course, you can easily trade on your PC as well. Basically, the digital wallet allows to both send and receive crypto tokens as well as to manage your own trading on the platform.
- Different currencies available
- Ordinary eToro login data sufficient for use
- User-friendly application
- Can only be used with eToro login
- No hardware wallet available
- Binding to providers
How to Get a Private Crypto Wallet: A Step-By-Step Tutorial
How to get a private crypto wallet? Well, it’s really easy nowadays. Before you can actually use the eToro Wallet, an account on the platform is required. Therefore, our step-by-step guide will help you to register on the popular platform without any problems. Let’s get started!
- Registration is completely problem-free. You can use your Facebook or Google account or register with your own data. You can monitor the status of registration directly on the platform.
- In using the platform, you will also have to provide some data on your financial situation. Finally, all information must be confirmed and verified.
- After you have completed the registration, you can download the eToro Wallet app from Google Playstore or App Store. You can also use your previously defined login data, such as user name and password, to log in to the account. Without this information, the eToro app cannot be used.
What do you guys think about eToro wallet? What type of crypto wallets do you prefer? Just share your opinion in the comments!