Are you looking to make your first cryptocurrency purchase but unsure about the best way to store your coins? Here is a compilation of recommended wallets by Voltcoins.
Although there are numerous wallets available, security is of paramount importance when it comes to safeguarding your digital assets. Hardware wallets are the preferred choice as they keep your coins offline and provide optimal security. For long-term crypto investors, we strongly endorse Trezor and Ledger as reliable options to store your coins securely.
However, for users who are new to the cryptocurrency world, a hardware wallet might not be the most convenient option. This is where software cryptocurrency wallets prove to be useful. Voltcoins advises utilizing software wallets for storing and spending, as they do not compromise on security and give you complete control over your private keys. There are several reliable, efficient, and convenient software wallets available, and we have listed our recommended ones below.
Our recommended wallet for storing and spending your bitcoins is Electrum, which is reliable and user-friendly.
Electrum, known for its simplicity and security, is an excellent option for newcomers. It is compatible with Windows, Linux, OSX, and Android operating systems, making it accessible to a wide range of users.
For Litecoin users, we recommend Electrum-LTC and Litewallet as secure and easy-to-use options.
Electrum-LTC is a forked version of the original Electrum wallet and boasts similar levels of simplicity and security. It can be installed on Windows, Linux, and OSX operating systems.
Meanwhile, Litewallet is the first standalone Litecoin wallet developed for iOS by the Litecoin Foundation. It prioritizes accessibility, security, and simplicity, making it an ideal choice for beginners.
Our recommended wallets for storing Ethereum-based ERC20 tokens and Tether (USDT) funds include MyEtherWallet, MetaMask, and Tether Wallet.
MyEtherWallet is the most popular Ether wallet and is capable of storing ERC20 tokens. It can be accessed via the web or imported into another wallet for added convenience.
MetaMask is a highly user-friendly wallet that integrates with popular web browsers. This makes it extremely convenient to store and move your tokens around. It can also be opened from MyEtherWallet.
Tether Wallet, designed exclusively for storing USDT funds, is a straightforward solution suitable for beginners. It offers several security features, including 2-step authentication, to keep your funds safe. However, it cannot be used to store Bitcoin or many other digital assets, and users cannot spend their funds directly on goods and services.
IMPORTANT: It's crucial to remember to back up your wallet and safeguard your private keys from unauthorized access. Additionally, it's not recommended to keep your funds on exchanges for extended periods of time due to the prevalence of exchange hacks in recent years. It's best to follow secure practices to keep your coins safe, and there are numerous guides available online that can assist you in doing so. Remember, it's better to be safe than sorry when it comes to securing your digital assets.