Connect with us

Blockchain

5 Best ERC20 Wallets of 2020

CoinTikka – Adding Spice to your Wealth

Looking for a safe and secure ERC20 wallet, then you have come to the right page.  As we all know Ethereum is one of the most popular blockchains for new crypto projects as it easily allows them to create utility tokens to fund the development of their projects. With the influx of investors into these […]

The post 5 Best ERC20 Wallets of 2020 appeared first on CoinTikka.

Published

on

Looking for a safe and secure ERC20 wallet, then you have come to the right page. 

As we all know Ethereum is one of the most popular blockchains for new crypto projects as it easily allows them to create utility tokens to fund the development of their projects.

With the influx of investors into these projects, there was a demand to store these tokens also known as ERC20 tokens in wallets that are easy to use, compatible, safe, and secure.

In this guide, I will be listing out the most trusted and credible wallets to store your ERC20 tokens. I have listed them on the basis of the following four parameters.

  • Easy to use.
  • Access to Private key.
  • Easy to create Backup and Restore.
  • Compatible with different Platforms.

So. let’s get started.

Best ERC20 wallets:

1.MEW wallet:

The first one on our list of Best ERC20 wallets is My Ether Wallet also known as MEW.

Anyone who has invested in Ethereum or in ERC20 projects might have used this wallet for the first time. 

It is one of the most recommended wallets from the Ethereum community and to store ERC20 tokens. 

It is a free, opensource web wallet and I have personally used it many times for different purposes. It has a very simple and easy to understand user interface.

Being a web wallet it is still many times secure than other wallets in the market. Nothing is stored on their platform, that is why when you set up MEW it will ask you to write down the Private key and the Backup phrases.

Still, I would not recommend you to use it to store your ERC20 tokens or Ethereum for long term holding. For a short duration, you can certainly use it.

As a web wallet, you can access it on any device that has a web browser or you can now download its mobile app which is available for both Android and iOS.

Do not download any other application to access it as most of them are scams. I personally use it for trading purposes and not for holding my crypto assets.

Visit Website

2. MetaMask:

Metamask is an open-source browser extension that acts as a bridge between your browser and the Ethereum blockchain. It is a web wallet exclusively to store Ethereum and ERC20 tokens.

Here is an explainer video on MetaMask

You can add the extension to any browser that is built on chromium platform, for example, Google Chrome, Brave, and Edge. I have been personally using it on my Chrome and Brave browser.

With MetaMask you get access to your wallet’s Private key and you can also create a backup of your wallet while setting it up for the first time.

It has a very simple user interface and can be easily installed and set up with only a few clicks. I only use it to trading it on Ethereum DEX or while using Ethereum dApps.

As it is a web wallet I do not recommend holding your crypto assets for the long term in it. You can also connect it to other ERC20 wallets such as Atomic Wallet.

Visit Website

3. Atomic Wallet:

Atomic Wallet is a custody free Muti-cryptocurrency wallets that supports all top blockchains and more than 500 tokens.

It is available on both desktop and mobile platforms. As a custody free wallet, you get access to your Private keys and while setting up the wallet it will ask you to create a backup.

Three features that make it superior to any other cryptocurrency wallets available in the market are

  • Buy Crypto – You can buy cryptocurrencies using your credit card.
  • Atomic Exchange – Swap cryptocurrencies using the Atomic Swap.
  • Staking – Stake your favorite POS coins and start a passive income stream.

I personally have been using the desktop version of this wallet to hold cryptocurrency assets for the long term and for staking.

If you are interested in knowing more about this wallet then you can read the following articles listed below.

Visit Website

4. Ledger Nano (X & S):

Both Ledger Nano X and Ledger Nano S are the best available hardware wallet for your ERC20 tokens.

A hardware wallet is a cold wallet which means they are good for holding cryptocurrency assets for the long term.

These ERC20 token wallets are highly recommended for those individuals who are occasional traders or are long term holders.

They both come with a very simple and easy to use user interface. Private keys are generated and stored inside the wallets and you can also create backups of your wallet.

They both come with free shipping and lifetime upgrades. The cost of Ledger Nano X is $119 and the cost of Ledger Nano S is $59.

To know the difference between both the wallets you need to check this page.

Visit Website.

5. Trust Wallet:

Trust wallet is a mobile-based opensource Multi cryptocurrency wallet. It is the official wallet of the Binance Exchange.

Trust wallet supports ERC20 tokens and also BEP2 tokens. You can easily connect it to Binance DEX and Kyber Network.

With it, you can directly access dApss within the wallet which has been made possible with the integration of Web3browser.

I have personally used it to trade a few of my ERC20 tokens which were listed on the Binance Exchange.

The private key of your wallet is stored locally and is protected by many layers of security which makes it safer. You can also create a backup of your wallet.

Visit Website

My Thoughts:

For all the wallets listed in this article, I have also mentioned the reason why I am using them or why I had used them.

You can also do the same or you can decide what suits you according to your requirement.

It is always advised to keep a written record of your Private key and the backup phrases on a piece of paper.

Please keep them somewhere safe so that in time of emergency you can get access to your wallets.

It is always advised to treat your crypto wallet in the same manner as you treat your Fiat wallet or pocket wallet. So that you do not lose them.

Never reveal your Private key to anyone and never disclose the backup phrases of your wallet.

Handpicked articles for you:

In The End:

Thanks for reading my articles about the 5 best ERC20 wallets in 2020. I hope you enjoyed reading it as much I enjoyed writing it for you.

I hope you have got all the relevant information required to choose from one of the listed ERC20 wallets.

In case if you have not joined our community on social media, you do so now. We are available on the following platforms.

Source: https://cointikka.com/best-erc20-wallets/

Blockchain

Indian Olympic Medal Winners to Get Free Bitcoin (BTC) and Ethereum (ETH)

Published

on

The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners.

‘Faster, Higher, Stronger’ And Earn Crypto

The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo.

The trading venue that will reportedly provide the offer is Bitbns. The first athletes that can get cryptocurrency exposure for free are the winners Mirabai Chanu and PV Sindhu. The former won a silver medal in 49 kg women’s weightlifting while the latter acquired bronze in the women’s singles badminton at the Tokyo Olympics.

Bitbns plans to roll out a SIP account and grant nearly $2,700 in digital assets for Olympic champions, $1,350 for silver medal winners, and $675 for bronze medalists. It will transfer the amount into their accounts, and after completing the Know Your Customer (KYC) norms, the athletes will have exposure to cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

The trading venue explained that it would structure the SIP for a 3-5 year period, and thus the medal winners will be able to generate profits in the long term through Bitbns. Gaurav Dahake – the Chief Executive Officer at the platform – noted:


ADVERTISEMENT

“Bitcoin and Ethereum have been the best-performing assets in the last decade, and have given exceptional returns and we aim to get our winners indulge in this rewarding journey.”

Indians Love Cryptocurrencies

According to a recent research, Indian residents increased their digital asset investments from $200 million in 2020 to $40 billion for the first six months of this year, indicating that their appetite for cryptocurrencies surged significantly.

What is even more impressive is that Indians, who are well-known gold admirers, started switching their investment strategies from the precious metal to virtual currencies. A local investor explained:

“I would rather put my money in crypto than gold. Crypto is more transparent than gold or assets and yields higher returns in a shorter period of time.”

The survey added that the number of people who trade cryptocurrencies in India is 15 million. It significantly surpasses a well-developed country such as the UK, for example, where 2.3 million individuals have entered the market. Sandeep Goenka – the co-founder of the platform ZebPay – revealed the reasons why the second-most populated country saw this massive increase:

“They find it easier to invest in crypto than gold because the process is so much simpler. You go online, you can buy crypto, you don’t have to verify it, unlike gold.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/indian-olympic-medal-winners-to-get-free-bitcoin-btc-and-ethereum-eth/

Continue Reading

Blockchain

Coinbase halts Bitcoin SV trading after yet another 51% attack

Published

on

Bitcoin SV is in trouble once again after Coinbase announced that it will be halting BSV trading on the platform. This update came on the back of a string of attacks the network has been facing since late June. As per the announcement made by the exchange,

“Due to the 51% attack that has occurred on BSV today we are stopping all BSV trading.”

Bitcoin SV was the target of a massive 51% attack early on Tuesday, an attack which was called “the largest since launch” by Blockchair developer Nikita Zhavoronkov. He further claimed on Twitter that the reorganization was 100 blocks deep and wiped out 570k transactions.

The attack was first brought to the community’s notice by CoinMetrics’ Lucas Nuzzi. Arguing that “some serious hashing power” was unleashed on the network early on Tuesday, he revealed that up to three versions of the chain were being mined simultaneously across pools.

Coinmetrics later confirmed that the firm’s own blockchain security monitoring tool FARUM identified the attack.

The Bitcoin Association also confirmed the incident on Twitter, recommending node operators to mark the fraudulent chain as invalid. It’s worth noting, however, that at the time of writing, the Association had released yet another statement on the same.

It said,

“…. believes that this is the same attacker that previously initiated block re-organisation attacks against the BSV network on June 24 and July 1, 6 & 9, 2021.”

Coinbase’s action made waves in the community. However, such steps are perhaps routine for the network now. In the past, BSV has been dropped by top exchanges like Gemini and Binance. It also saw several exchanges block withdrawals and deposits for the asset as liquidity providers suspended access to the token’s liquidity. This was preceded by more attacks in the last week of June and the first week of July.

As far as Coinbase is concerned, the exchange is yet to reveal when it might restart trading services for Bitcoin SV. With many in the community at sixes and sevens, it’s unlikely it’s going to be anytime soon.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/coinbase-halts-bitcoin-sv-trading-after-yet-another-51-attack

Continue Reading

Blockchain

Looking To Pull An El Salvador, Spain Considers Bill To Allow Mortgage Payments In Crypto

Published

on

Looking To Pull An El Salvador, Spain Considers Bill To Allow Mortgage Payments In Crypto

Advertisement &  & 

Cryptocurrency and blockchain are becoming quite mainstream as of this year and it’s likely that just about any financial transaction will be able to be completed via the use of crypto in the next few years. Of course, there are bodies pushing against the integration given the lack of regulations and the fact that it could help finance illicit acts.

However, the crypto wave is continuing to grow despite all of the recent adversity. And, according to Spanish paper 20 Minutos, Spain could begin to allow persons to pay their mortgages with crypto pretty soon.

The publication reports that Spanish lawmakers are perusing a proposal that would see to the above. The Digital transformation Law, as it’s called, would make it so that crypto and blockchain become legitimized, while tax incentives are being considered for institutions keen on working under the artificial intelligence umbrella, which would include blockchain tech.

Spain’s incumbent People’s Party is intent on having the country’s banking infrastructure catch up to the times in terms of tech and will promote the use of digital currencies, as well as various other transformative technologies. The proposal suggests that the country’s whole mortgage system should undergo reform, in addition to having crypto payments possible.

El Salvador Took The Lead

This comes on the back of El Salvador’s move to accept bitcoin as legal tender. The Central American nation is very pro-crypto in such regard and it appears they have set the stage for other countries to naturalize digital assets, so to speak.

Advertisement &  & 

Where Spain is concerned, the current proposal advises that banks use blockchain as a means of operating the mortgage system while making use of smart contracts for insurance.

“Introduction into the mortgage system – it also proposes that banks use Blockchain technology to manage mortgages, insurance and speed up compensation – it proposes to extend it to insurance policies, with ‘smart contracts’ with conditions depending on the procedures to be followed, the verification processes and potential incidents.“

El Salvador making bitcoin legal tender was a huge move and we aren’t yet to see the full scope, although the country’s population stands at just 6.5 million so they aren’t expected to have that great of an impact on a worldwide scale. Spain is a different case, however.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://zycrypto.com/looking-to-pull-an-el-salvador-spain-considers-bill-to-allow-mortgage-payments-in-crypto/

Continue Reading
Blockchain5 days ago

Bitcoin’s Back to $40K, Millions of Shorts Liquidated: The Weekly Crypto Recap

Blockchain5 days ago

$45B Asset Manager GoldenTree Has Reportedly Bought Bitcoin

Uncategorized4 days ago

Don’t Listen to the Experts Saying Bitcoin Price Can Drop to $15K or Reach $100K. Do This Instead.

Blockchain5 days ago

Binance Completes Polygon Mainnet Integration For Deposits and Withdrawals

Blockchain5 days ago

Mastercard Has to Be in the Cryptocurrency Space, Says CEO

Blockchain5 days ago

The Bullish and the Bearish Case For Bitcoin Following the Rally to $40K (On-Chain Analysis)

Blockchain5 days ago

Are Axie Infinity, ENJ, ALICE’s performances proof that ‘gaming summer’ is upon us

Blockchain3 days ago

Ethereum: Are you wrong to expect ‘changes’ from London

Blockchain5 days ago

New buyers beware: What Ethereum looks like ahead of the London hard fork

Blockchain4 days ago

MicroStrategy Secures A Whopping $1.4 Billion In Bitcoin Gains – Not Dumping Anytime Soon

Blockchain4 days ago

eToro Listed Shiba Inu (SHIB) While ShibaSwap TVL Drops Almost 80% in Two Weeks

Blockchain4 days ago

Ethereum: These will be the signs of ETH rallying to a new ATH

Uncategorized5 days ago

Commercial Paper Reserves Of Tether Under Heavy Regulatory Scrutiny

Blockchain4 days ago

German Institutional Funds Can Now Invest 20% of Portfolios in Crypto

Blockchain4 days ago

What you should know about Paraguay’s push to welcome Bitcoin miners

Featured4 days ago

Robinhood Stocks Closed First Week Of Trading Down By 7.5%

Blockchain5 days ago

The GBA Annual Achievement Awards

Blockchain5 days ago

MicroStrategy to Buy More Bitcoin Despite Q2 Impairment Loss

Uncategorized4 days ago

DeFi in style? Here’s how women can break into the game

Blockchain4 days ago

Six years on, this is how Ethereum is REALLY faring on these counts

Trending