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5 Best Ethereum Wallets of 2020

CoinTikka – Adding Spice to your Wealth

If you are searching for the best Ethereum wallet to safely store your Ethereum (ETH), then you have come to the right page.   Ethereum, as we all know after Bitcoin, is the second most acquired cryptocurrency in the world. It is ranked second on CMC as per the market cap. Another reason why the crypto […]

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

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If you are searching for the best Ethereum wallet to safely store your Ethereum (ETH), then you have come to the right page.  

Ethereum, as we all know after Bitcoin, is the second most acquired cryptocurrency in the world. It is ranked second on CMC as per the market cap.

Another reason why the crypto community loves Ethereum is its ability to create a smart contract. You can know more about Smart Contract here.

How to buy ETH?

You can buy ETH using fiat money or Bitcoin. I personally prefer using Bitcoin to buy it. My recommended global exchange to purchase Ethereum are:

If you are from India then you can purchase Ethereum from any of these local exchanges listed below using INR:

I have personally used the above exchanges to buy cryptocurrencies.

Best Ethereum Wallets:

Cryptocurrency wallets can be broadly divided into two types. The first one is known as a hot wallet, wherein the wallet is always connected to the Internet, for example, a mobile wallet.

The second one is known as a cold wallet, wherein the wallet is not connected always to the internet, for example, a hardware wallet. Cold wallets are more safe and secure than the hot wallet. Hence, they are highly recommended.

In this article, I will be reviewing both these types of Ethereum wallets and my emphasis will be more on these seven features of a wallet.

  • Private key.
  • Multi cryptocurrency.
  • Buying crypto using credit card
  • Crypto Exchange
  • Support.
  • User Interface.
  • Backup.
  • Security.
  • Platform Compatibility.

So, let’s get started.

Ethereum Wallet (Hardware):

1. Ledger Nano X:

It is considered as one of the best Hardware Ethereum wallets because of the following features.

  • You have access to the Private key.
  • It is a multi-cryptocurrency wallet (supports over 1185 digit assets including ERC20 tokens).
  • Brilliant after-sale support.
  • Easy to use User Interface.
  • You can easily backup the wallet.
  • It is safe and secure as it is a cold wallet.
  • It is compatible with different desktop operating systems (Mac OS, Windows, Linux, iOS, and Android).
  • The buying crypto feature is not available.
  • The exchange crypto feature is not available.

At the moment the price is only $119 and all future firmware updates are free. The price also includes free shipping.

Visit Website.

2. Ledger Nano S:

Ledger Nano S is basically the smaller version of Ledger Nano X. It also has a lesser storage capacity for apps. It comes with the same security and safety features but, at a lesser price.

At the moment the price is only $59 with free firmware updates for the future. This price also includes free shipping. The following features are also provided with this Ethereum wallet.

  • You have access to the Private key.
  • It is a multi-cryptocurrency wallet (supports over 1185 digit assets including ERC20 tokens).
  • Brilliant after-sale support.
  • Easy to use User Interface.
  • You can easily backup the wallet.
  • It is safe and secure as it is a cold wallet.
  • It is compatible with different desktop operating systems (Mac OS, Windows, Linux, iOS and Android).
  • Buying cryptocurrency feature is not provided.
  • No, exchange crypto features.

Visit Website.

Ethereum Wallet (Desktop & Mobile):

3. Atomic Wallet:

The Atomic wallet is a multi-cryptocurrency wallet with great inbuilt features. It comes with Atomic Swap, Buy Crypto, and Staking features.

It is available for both desktop and mobile, supports all major blockchains as well as more than 500 tokens.

This wallet is completely free and can be download straight on to your device. The setup is simple and requires you to create a wallet password to access it. It is one of the best Ethereum wallets suitable for different platforms.

  • You have access to the Private key.
  • It is a multi-cryptocurrency wallet (supports over 300 digit assets including ERC20 tokens).
  • Brilliant support.
  • Easy to use User Interface.
  • You can easily backup the wallet.
  • To hold cryptos always use the desktop version as it is not online always.
  • It is compatible with different desktop operating systems (Mac OS, Windows, Linux, Ubuntu, Debian, Fedra, iOS, and Android).
  • You purchase ETH with your credit card using this wallet.
  • You can also exchange other cryptocurrencies to ETH using this wallet.

Visit Website.

Check out this article on how to use Atomic Wallet for Android? and how to trade on Idex exchange using Atomic Wallet?

4. Exodus Wallet:

The Exodus wallet is another multi-cryptocurrency wallet that is available for both desktop and mobile. It supports more than 100 cryptocurrencies as well as ERC20 tokens.

You can also exchange cryptocurrencies using the Exchange feature. It is very simple and easy to use and is available for free to download. You can also Stake coins using this wallet.

  • You have access to the Private key.
  • It is a multi-cryptocurrency wallet (supports over 100 digit assets including ERC20 tokens).
  • 24/7 support.
  • Easy to use User Interface.
  • You can easily backup the wallet.
  • To hold your cryptos always use the desktop version as it is considered as a cold wallet.
  • It is compatible with different desktop operating systems (Mac OS, Windows, Linux, iOS, and Android).
  • Buying a cryptocurrency feature is not provided.
  • The exchange crypto feature is available.

Visit Website.

Ethereum Wallet (Exclusively for ETH & ERC20 tokens):

5. MetaMask:

MetaMask is a browser extension that works as an Ethereum wallet and a bridge to run Ethereum dApps. It also supports ERC-20 tokens and can function on any desktop browser that has been created on the Chromium platform.

It is a free extension that can be downloaded from the Google Chrome Webstore. It is a highly recommended Ethereum wallet for the community and is considered to be the safest wallet as it is a cold wallet.

The following features are provided with the MetaMask wallet.

  • You have access to the Private key.
  • It supports all ERC20 tokens.
  • Easy to use User Interface.
  • You can easily backup the wallet.

I personally use this wallet to interact with Ethereum DEX like Idex while trading ERC20 tokens. Check out this article on how to trade on a decentralized exchange using MetaMask?

Visit Website.

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My Thoughts:

All the above-listed wallets are highly recommended and best Ethereum wallets to safely store you ETH and ERC20 tokens. You can use any of them according to your requirements.

Hardware wallets are not free but have the best security if you are a long term holder or not a frequent trader than you should invest in hardware wallets.

Mobile and Desktop wallets are best for those who want to hold and also trade at the same time. It is very practical to use mobile wallets for trading nowadays as most cryptocurrency exchanges have mobile apps.

If you want to only trade ERC20 token as well as use Ethereum dApps then you should use the MetaMask wallet. I personally use it for trading.

Keeping your wallet safe is your primary responsibility. Treat your digital wallet as you treat your fiat wallet and never ever reveal your Private key to anyone.

Always keep a backup of your Ethereum wallet, so that you can use it on any other device in case of an emergency.

In The End:

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

I hope you get all the relevant information required to choose one of the ethereum wallets from the list. 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-ethereum-wallets/

Blockchain

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

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Over the past year, blockchain development communities have turned their attention towards winning government contracts.

Washington, DC. There is a huge opportunity presented by increased government spending on blockchain projects. According to Bloomberg Government BGOV200 Report, federal government spending reached $597 Billion in 2019. However, since new businesses face barriers gaining direct access to government contracts, many have joined the Government Blockchain Association (GBA) to introduce their cutting-edge blockchain platforms to the public sector.

Traditionally government program managers choose to work with the same few legacy companies. For example, there are currently over 4.1 million US Federal government contractors but of the $597 billion in prime contracts awarded in FY19, the top 10 government contractors received $173.4 billion according to Bloomberg Government. However, the COVID-19 Global Pandemic was a catalyst that necessitated governments from around the world look at bold and innovative new ways to solve problems from a more diverse community.

 In March of 2020 the US Department of Health and Human Services hosted a virtual Pandemic Response Hackathon. This hackathon idea completely changed the former process of government acquisitions. The slow pattern of the past was rewritten to adopt to the chaos, uncertainty, and urgency of COVID. Government contracts went from a centralized channel to open and decentralized solutions coming in from completely new sources. A new way of doing business was introduced to the world stage, and in November 2020 the Indian Ministry of Electronics and Information Technology (MeitY), National Informatics Centre (NIC) held their own up a GovTech Hackathon. Throughout 2020, countless examples of crowdsourcing solutions contested the traditional procurement processes.

Along with new paradigms in acquisitions, 2020 brought explosive growth of decentralized development communities and platforms. Decentralized communities operate on independently run servers, rather than on a centralized server owned by a business. Initially, most blockchain solutions were private-permissioned blockchains dominated by a single vendor. One of the most popular government blockchain solutions is Hyperledger Fabric. Though it is technically an open-source project, almost 80% of software changes to Hyperledger Fabric came from IBM, demonstrating an ongoing dependence on IBM to maintain the code.

Lately, next gen blockchain solution providers have been self-organizing into working groups and communities to compete in the contracts space. The largest and most engaged of these decentralized communities is the Government Blockchain Association, with members in over 500 Government Offices, thousands of public and private sector members in 120 Chapters, and more than 50 Working Groups, and 25 Communities of Interests. They also host regular online and in-person events to introduce blockchain solution providers to government officials, promoting this new diverse community.

Some of these next gen blockchain leaders include:

  • DragonChain – DragonChain is an enterprise and start-up-ready platform to build flexible and scalable blockchain applications. It has business-ready applications and developer-friendly integrations that support many applications including learning management systems, decentralized identity, and anti-fraud and compliance solutions.
  • NEM – A community that has developed two blockchains. They are NEM NIS1 and Symbol. NEM NIS1 is the original blockchain offering from NEM, created by the community, and optimized to be a developer’s sandbox. With zero downtime or major outages since 2015, NIS1 is the blockchain you can trust for all your project needs. Symbol is the next-generation enterprise-grade blockchain solution from NEM, purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.
  • Simba Chain – SIMBA Chain is a cloud-based, blockchain-as-a-service (BaaS) platform, enabling users across a variety of skill sets to implement decentralized applications (dapps). These apps allow secure, direct connections between users and providers, eliminating third parties. The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for iOS, Android, and the web.
  • TON Labs – TON Labs is the core developer of Free TON, comprised of a decentralized team focused on developing the infrastructure and free software for TON OS. TON OS is a full-fledged, vertically integrated technology stack that helps developers work easily with the blockchain and makes it simple and intuitive for users.

Decentralized blockchain projects include the Government Business Blockchain Platform (GBBP). This multi-blockchain platform allows solutions built on any blockchain to connect and become available to governments around the world. Sub-set eco-systems include Emergency Management, Healthcare Delivery, and Citizen Services. Blockchain applications can interconnect on the GBBP, providing identity management, logistics, asset management, payments, and many other blockchain services.

These examples demonstrate how blockchain providers are working together, self-organizing into decentralized entities to build public-facing blockchain solutions. GBA groups regularly host online meetings to discuss their projects. Anyone interested in joining the discussion can find out more on the GBA Events Calendar or Events List. Later this year the GBA will be bringing World-Class Leaders to Washington, DC for Government Blockchain Week on Sept 27 to Oct 1, 2021.

For more information attend a free online event called NextGen Blockchain Platforms on March 17, 2021 or send an email to support@GBAglobal.freshdesk.com.

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Blockchain

Robinhood Reports 6 Million New Crypto Traders in 2021

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In a blog post on Feb. 26 titled “Crypto goes mainstream” the retail trading app revealed that it had seen six million new customers on Robinhood Crypto so far this year.

The number of new monthly customers buying from its crypto platform in 2021 is 15 times the 2020 average.

“By comparison, this number peaked at 401,000 in a single month last year, with a monthly average of about 200,000 customers trading on Robinhood Crypto for the first time during 2020.”

Robinhood, which had to halt trading in late January due to overwhelming demand, offers just seven tradeable crypto assets; Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.

There are no trading size limits though it added that the average transaction size is around $500. The chart provided indicates that the average trade was around half of that at $200 to $250 for the previous year.

Retail Traders Surging

The app offers an intuitive user interface and educational articles that explain cryptocurrencies. It is targeted at newbies that may not have the technical knowledge to operate more advanced trading platforms.

It also offers zero-fee trading, but makes money on spreads between makers and takers.

The report reinforces the premise that retail has arrived after months of steady institutional investment which has pushed many high cap crypto assets including Bitcoin and Ethereum to their highest ever prices.

“The numbers are clear: 2021 has started with a crypto bang.”

In a Feb. 18 note from company CEO and co-founder, Vlad Tenev, it was revealed that the total value of customer assets on Robinhood (for all markets) exceeds the net amount of money they have deposited by over $35 billion. He added;

“While markets fluctuate, this tells me that our business model is working for everyday Americans.”

Crypto Correction Deepens

The Robinhood numbers are bullish for overall sentiment, but the crypto correction is deepening and March is usually a bearish month for markets.

Since its all-time high of $1.78 trillion on Feb. 22, total market capitalization has declined by 18% to $1.46 trillion today according to Coingecko.

Bitcoin has been leading the drop as usual with an 18.7% fall from its $58k peak last weekend to just over $47k at the time of press. Meanwhile, Ethereum has been hit even harder, retreating 27% from its ATH of over $2k to below $1,500.

Another 30% correction could be on the cards, echoing the one that occurred in early January when Bitcoin prices dropped below $30k before recovering to a new high. The bigger picture still paints a bull market.

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Source: https://cryptopotato.com/robinhood-reports-6-million-new-crypto-traders-in-2021/

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Blockchain

Kraken Daily Market Report for February 25 2021

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Overview


  • Total spot trading volume at $1.86 billion, near the 30-day average of $2.08 billion.
  • Total futures notional at $780.0 million.
  • The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Cardano, and Polkadot.
  • Strong returns from Lisk (+16%), Litecoin (+11%), Synthetix (+12%), Kyber Network (+11%), and Kava (+11%).

February 25, 2021 
 $1.86B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$50966. 
↑2.4% 
$762.3M
ETH 
$1632.3 
↑0.19% 
$296.7M
USDT 
$1.0006 
↓0.04% 
$200.7M
ADA 
$1.1165 
↑6.3% 
$184.1M
DOT 
$34.439 
↑2.2% 
$81.3M
LTC 
$201.51 
↑11% 
$48.0M
USDC 
$1.0002 
↑0.0% 
$32.8M
LINK 
$28.183 
↑0.17% 
$27.8M
XRP 
$0.4724 
↑0.9% 
$25.2M
XDG 
$0.0548 
↓3.8% 
$20.9M
BCH 
$548.38 
↑3.9% 
$12.8M
ATOM 
$19.931 
↑1.6% 
$12.7M
FLOW 
$20.923 
↑0.6% 
$10.5M
KSM 
$247.75 
↑1.9% 
$9.43M
UNI 
$25.939 
↑2.7% 
$8.71M
ALGO 
$1.1156 
↑5.2% 
$8.13M
XLM 
$0.4195 
↑3.7% 
$7.97M
GRT 
$1.9406 
↑2.3% 
$7.9M
XTZ 
$3.7846 
↑7.1% 
$7.01M
LSK 
$3.2797 
↑16% 
$5.94M
XMR 
$212.06 
↑3.4% 
$5.39M
AAVE 
$379.16 
↑3.1% 
$4.4M
DAI 
$1.0013 
↓0.02% 
$4.22M
TRX 
$0.0495 
↑3.4% 
$4.18M
EOS 
$4.0613 
↑4.6% 
$4.06M
DASH 
$241.44 
↑1.6% 
$3.81M
SNX 
$21.426 
↑12% 
$3.64M
ICX 
$1.7554 
↑4.4% 
$3.14M
QTUM 
$5.6487 
↑6.4% 
$3.13M
NANO 
$5.9207 
↑2.0% 
$2.97M
WAVES 
$10.571 
↑7.5% 
$2.67M
FIL 
$36.790 
↑0.5% 
$2.62M
ZEC 
$137.80 
↑5.2% 
$2.48M
YFI 
$34949. 
↑3.3% 
$2.13M
BAT 
$0.5247 
↑2.1% 
$2.03M
SC 
$0.0110 
↑1.7% 
$2.02M
OMG 
$4.9844 
↑5.3% 
$1.84M
OXT 
$0.5219 
↑2.9% 
$1.8M
MANA 
$0.2640 
↑6.8% 
$1.77M
KAVA 
$3.7938 
↑11% 
$1.24M
COMP 
$447.99 
↑2.5% 
$1.19M
KNC 
$1.8100 
↑11% 
$1.0M
ETC 
$11.998 
↑1.0% 
$927K
PAXG 
$1786.2 
↓1.3% 
$845K
REP 
$35.801 
↑8.3% 
$840K
KEEP 
$0.3718 
↑7.3% 
$838K
CRV 
$2.2404 
↑3.9% 
$629K
ANT 
$4.6311 
↓2.3% 
$546K
GNO 
$141.87 
↑5.5% 
$436K
STORJ 
$0.6493 
↑9.3% 
$412K
BAL 
$39.290 
↑1.9% 
$345K
REPV2 
$28.291 
↑11% 
$305K
MLN 
$40.612 
↑3.0% 
$277K
TBTC 
$53227. 
↑0.9% 
$85.0K


#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (February 25 2021)

Figure 2: Mid-size trading assets: (measured in USD) (February 25 2021)

Figure 3: Smallest trading assets: (measured in USD) (February 25 2021)


#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (February 25 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (February 25 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (February 25 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (February 25 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/8057/kraken-daily-market-report-for-february-25-2021/

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