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The best crypto wallets of 2019

This best crypto wallets review will guide you through the best places to store your Bitcoin and altcoins. Over the past 10 years, Bitcoin’s value has sky rocketed. Cryptocurrencies have…

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This best crypto wallets review will guide you through the best places to store your Bitcoin and altcoins. Over the past 10 years, Bitcoin’s value has sky rocketed. Cryptocurrencies have taken the world by storm. This leads us to needing ever more safe places to store our digital investments. If you’re new to cryptocurrency and you’re wondering what software or hardware you’ll need, this post is for you. It’s never been more easy to get involved in crypto so check out this post and we’ll have you covered on the safest, easiest and best crypto wallets available on the market today


1. Best crypto wallet overall – Coinbase

Best crypto wallets Coinbase

Coinbase is one of the easiest ways to buy, sell and store cryptocurrencies. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your dollar wallet.

Likewise, UK residents can connect a UK bank account and buy and sell the best cryptocurrencies with ease.

While the big upside of Coinbase is ease of use, it’s also one of the safest platforms and wallets around. If you are going to have one wallet only, then this is the wallet for you.

Try the Coinbase wallet.


2. Best for security – Ledger Nano

Best crypto wallet Ledger Nano

The Ledger Nano is a USB sized hardware wallet specially designed for the cryptocurrency. It’s a cold wallet so your cryptocurrencies can be stored off-line making it one of the safest ways to keep your funds safe.

It offers many features which are hard to find in any other type of cryptocurrency wallets, especially in terms of security and backup of your private key for the digital currency.

The Ledger Nano allows you to complete a transaction, exchange your digital currency, use the related apps and transfer money from one account to another account within seconds.

The edge the Ledger Nano has over other hardware wallets is the number of coins and tokens it supports and its extremely portable size.

Underlining all these great attributes, the Ledger Nano is very secure from hackers because the physical buttons that have to be used for any transaction to be carried out, and it has an anti-tamper proof feature which checks the integrity of the hardware wallet every time it is powered up.

Check out the Ledger Nano.


3. Best for desktop: Electrum

Best crypto wallets Electrum

Electrum made its way on the scene when Bitcoin was valued at just a few dollars. It’s one of the oldest and most reliable wallets out there. It’s now estimated that over 10% of all Bitcoin transactions occur on Electrum.

Electrum is a software wallet which means your Bitcoin is stored in a set of files on your home computer. It’s currently available for Windows, Mac OS X, Linux and Android.

The most significant benefit is that you can quickly download and install Electrum. From there, you can store your Bitcoin.

Electrum is considered one of the most secure and best bitcoin wallets available today.

For further info visit the Electrum official site.


4. Best user experience for desktop: Exodus

Best crypto wallets Exodus

The Exodus crypto wallet offers a beautiful and intuitive experience when storing crypto. If you are looking for a wallet for your digital currency which has clean graphics, a concise reporting system, colourful and user-friendly then Exodus should rank high on your list.

In addition, Exodus has advanced features which you expect to have in any advanced level web-based online wallet (support for multiple currencies, one-click exchange, top-notch security protocols).

Try Exodus.


5. Best for mobile: MyCelium

best crypto wallet mycelium

If you’re looking for a top smartphone Bitcoin wallet, then the MyCelium wallet may be the one for you. It’s hard to find too many faults with the product. It’s simple to understand and has more complex features for advanced users.

Sending and receiving is super fast which makes it effective for storing and using small amounts of Bitcoin (this is the only crypto it supports).

The only drawback is the potential security threats of it being online.

As with any device that is continually online storing private keys, security is never 100% guaranteed. In our opinion, this is a great option for sending and receiving Bitcoin on the move and is something which can complement other storage options.

Get started on Mycelium here.


6. Best exchange wallet: Binance

Best crypto exchange Binance

At some point, you will want to move some of your Bitcoin’s and altcoins from the safest storage options such as a Ledger Nano or Coinbase to an exchange wallet.

Why will you need to do this?

If you want to trade Bitcoin for a range of altcoins then you’ll need an exchange to do this. This is where the rub is. No exchange is infallible. They do get hacked. They are using hot wallets to store your crypto. We need to appreciate that this is one of the less secure ways of storing cryptocurrencies.

We, therefore, must balance the positives (such as the range of coins and liquidity an exchange offers) with safety. When the chips are down, we recommend Binance as it’s the biggest and best crypto exchange out there.

As long as you take steps to transfer the fruits of your trading to a more secure long term option, then Binance is still the best exchange wallet option available.

Try Binance here.


The best crypto wallets – wrapped up

And that’s our guide to the best crypto wallets for storing Bitcoin and altcoin. We are sure that from this curated selection there are a number of options that will fit your needs. If you found this post helpful, please share us on your social media channel below.

Source: https://cryptocoindude.com/best-crypto-wallets/?utm_source=rss&utm_medium=rss&utm_campaign=best-crypto-wallets

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

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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:


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“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.”

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

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Coinbase halts Bitcoin SV trading after yet another 51% attack

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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.

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

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

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

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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.

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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.

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

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