Types of cryptocurrency wallet
Crypto Wallet Architecture
Crypto wallets range from simple-to-use apps to more complex
security solutions. The main types of wallets you can choose
from include:
-
Paper wallets: Keys are written on a physical
medium like paper and stored in a safe place. This of course
makes using your crypto harder, because as digital money it
can only be used on the internet.
-
Hardware wallets: Keys are stored in a
thumb-drive device that is kept in a safe place and only
connected to a computer when you want to use your crypto. The
idea is to try to balance security and convenience.
-
Online wallets: Keys are stored in an app or
other software – look for one that is protected by two-step
encryption. This makes sending, receiving, and using your
crypto as easy as using any online bank account, payment
system, or brokerage.
Each type has its tradeoffs. Paper and hardware wallets are
harder for malicious users to access because they are stored
offline, but they are limited in function and risk being lost or
destroyed. Online wallets offered by a major exchange like
Clevimart are the simplest way to get started in crypto and offer
a balance of security and easy access. (Because your private
info is online, your protection against hackers is only as good
as your wallet provider’s security – so make sure you look for
features like two-factor verification.)
Using an app like Clevimart gives you easy access to your crypto
holdings. You can:
-
Manage all your digital assets in one secure
place
- Control your own private keys.
-
Send and receive cryptocurrency to and from
anywhere in the world
-
Interact with user email rather than long,
hexadecimal “public key” addresses
-
Shop at stores that accept cryptocurrency
directly from your wallet or ORDER A CLEVIMART CRYPTO DEBIT
CARD.
