Taking a Fresh Look at Cryptocurrency Wallets

Friends, many newcomers to Cryptocurrency trading ask the fundamental question of which Wallet is best for me? There are a myriad of Wallets on the market today including Jaxx, TLDR, Trezor, KeepKey, Nano Ledger S, MyEtherWallet, Coinbase, and Electrum to name a few. Whether software, hardware or paper Wallets the central issue is what are your needs and goals for a Crypto Wallet? And yes, as second and third generation Cryptocurrencies come to market we are likely to see new Wallet genres emerge. Key factors here include are your trading one (or more Cryptocurrencies), how many transactions do you plan to make over the next month, year or beyond, and what are your security requirements. Your answers to these questions will generally guide you to the Wallet category and even brand that will fulfill your needs. TechWorm offers up three guidelines that will help you make the best choice: First, Hot Wallets – Web Wallets and Self-Hosted Wallets – are connected to the Internet and are considered less secure. Second, always create a seed phrase or private key back-up (electronic, paper, etc.) And third, use Cold Storage Wallets which are not Internet-connected for storing large numbers of keys … and in turn larger values of Cryptocurrencies. Hope this helps. Let us know your comments! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)