Quote from: mrdeposit on April 10, 2019, 07:21:56 PM

Quote from: Maria Dent on April 10, 2019, 11:50:07 AM

What is a cryptocurrency wallet?
A cryptocurrency wallet is a safe digital wallet used for storing, sending, and receiving digital currency like Bitcoin. Most of the coins have an official wallet or a few officially recommended third-party wallets. In order to use any of the cryptocurrencies, you will need to use a cryptocurrency wallet. Cryptocurrency itself is not stored in a wallet actually. Instead, a private key (secure code known to you and your wallet) is stored that shows ownership of a public key (a digital code connected to a specific amount of currency). Therefore, your wallet stores your private and public keys, allows you to receive and send coins, and also acts as a personal ledger.
More and more cryptocurrencies are evolving with a specific set of uses, and so are the wallets, but there are wallets which can store multiple cryptocurrencies, also.

1 Hardware Wallets
Hardware wallets are physical devices that store private keys offline. They are connected to the computer to sign in and gain access to the blockchain. This being offline ensures the private keys never leave the device

#1.1 Ledger Nano S
Ledger Nano S is a USB sized crypto hardware wallet which is best for most of the altcoin transactions. It is multiple asset hardware which looks like a folding flash drive. The advantage is that it can store more than 40 other digital currencies.

Paper Wallet
Paper Wallets are normal documents in the form of paper, where you can store your private keys. The software application will typically generate the keys, which can be printed using an offline printer.

Read here al the details about wallet: https://coinswitch.co/news/top-10-cryptocurrency-wallets-to-look-forward-to-2019

Like password managers protecting personal information is necessary but in crypto world word of "protection" can't cover the required meaning of security. Ledger nano and Trezor wallets are not the best ones in my humble opinion but we don't have so many choices.

Cryptocurrencies have been in the limelight lately because of its market fluctuations and mesmerizing technological innovation. But to invest or trade in digital currencies, getting a cryptocurrency wallet is one of the major requisition. Without a wallet, there can be no transactions.

A crypto wallet works just like a bank account where we can store the transactions made, can use to send and receive digital currency.

As we know, having a digital wallet is not registered under the law of any country, we have to choose the cryptocurrency wallet for digitized transactions carefully. Selecting the wrong wallet might lead to your money loss.

Hence, it's very critical to understand the benefits of each of the wallets before using one for yourself