How to make one and which is better: cold, multicurrency, hardware, or online crypto wallet

DIGITAL MONEY NEWS-Cryptocurrency wallets, people continue to be immersed in the world of bitcoin, altcoins, change and other things they never thought of before. At the same time, they do not always have sufficient knowledge in this area to minimize the risk completely.

At the same time, I don't mean the risk of trading on the money market or the huge volatility (heterogeneity) of cryptocurrency figures. The point of today's post is purely a technical matter, but very important - which wallet (or wallet) should you choose to work with which cryptocurrency do you need?

Why does that mean? I have written in a post about blockchain (in plain language) that the technology itself is great because there are no owners, administrators, or other intermediaries (live alone). But if you run out of access to your crypto wallet then no one will give it back to you.

In addition, different types of wallets have different levels of security and convenience. Include ideas for using different alternatives for different tasks. People who work with small amount and multi-currency online wallet suits him, while people who put big capital and especially cold wallet will not be enough for him and he uses hardware to sleep well.

In fact, it will be discussed in this post – what crypto wallets are there for 2018, what to defend and fight against, what to choose for you, and, in conclusion, how to create or get your own wallet with the crypto you need (or multi-currency) to work with multiple altcoins).

What is a crypto wallet and how to create one.

In fact, the question is not idle, and many of the problems associated with running out of cryptocurrency (robbery, hacking, running out of access) are based on a misunderstanding of what you are doing. Many are used to dealing with wallets in payment systems such as Yandex Money, Qiwi, AdvaCash and others. There is technical support that will help solve problems with access to your account.

But when working with cryptocurrencies, in most cases, none of this will happen. You are alone with your problems and there is no one to help you. Often the systems and wallets in which your funds are placed maintain complete anonymity, which means it is impossible to verify that you are the owner (just out of access) or if it wasn't you sending money from them, but someone else (hackers), it's impossible. so (and often no one convinces him).

As always, for the classics, I must first intimidate you, Dear Reader, into paying attention to all of the following. Let's assume that I am successful and that you are in a state of great interest.

So, crypto wallets have 2 incarnations - their essence and technical application.

The point is not too difficult to understand. Crypto wallets are only 2 values ​​(they are also called keys, meaning they can be used to decrypt something):

You can communicate the number (say) to anyone, as this serves as the purpose of your wallet. It is also called the public key or just the destination.

Number two. You don't have to tell anyone. This is an analogue of the signal that allows you to access your money (bitcoin or other altcoin). It is also called an individual key. Whoever has it has money.

Clear? This is the essence of a crypto wallet. Principle. It's simple: login(destination) and greeting(individual key).

So this app is very simple like a paper wallet, when you just have goals and individual keys written on paper or placed on screen games. All completely. You can already receive money to this destination, and if necessary, you can withdraw or send money by linking this wallet to any customer program.

Hard, cool, multi-currency features- which is better?

As you may have guessed, there are many options for implementing consumer programs for depositing currency. How do they differ from each other and which one to choose for yourself? I don't know. To be honest. But I can explain to you in simple words what each type of wallet is and what it does. Well, you are already going to make your own choice, but be careful enough.

Hard features- a very reliable option for crypto wallets. Why? Because the feature (something close to a flash drive with a button) puts an individual key (signal sound) in it and it will not be possible to access it over the network (the business that has been created is removed in the output of the feature and no longer exists). This feature of course costs money, but not too much (usuallyhundred dollars).

Cold (local) - not 100% as expected, but free. This is a program (for PC or mobile). Individual keys are placed on your PC (or flash drive), although they can also be placed on paper (in the form of a stamp or QR code), which increases security but reduces functionality.

In fact, until you make a single payment from it (never use individual keys), a cold crypto wallet will be expected to be like a hard-to-use wallet (you can also check the feature of getting payments to your destination on a third-party blockchain monitoring service). Hence, it can act as a surrogate option for accumulating large amounts.

Online(hot)- which is very inconvenient, because your individual keys are stored on third-party servers on the network (that is, your wallet, in fact, is not yours, but there is an opportunity to increase access to money in case of majeure problems with a technical support push), or transferred from your PC when connected to a wallet. However, the chances of it being stolen were greatly increased. But ease of use (access any feature from anywhere in the world) and troubleshooting improve.

PS Cold speech, in this case, means that the wallet does not require a consistent connection to the Internet (to accept payments, as I already mentioned, you don't even need to be logged into it - define the purpose of your wallet and check the payment features on the web that allow you see business on blockchain). And hot, respectively, requires a network connection, which makes it more vulnerable to attack.

The PS2 cooler wallet is "thick" and "flat". Download all "Fat" blockchain (entire business records) to your computer. These cases can weigh a hundred gigabytes and dangle for several days. However, working with a thick wallet is considered more comfortable. However, the fat monster won't load on tablets or cloud novels (yes, and normal laptops).

Therefore, there are "flat" cold wallets, where the blockchain is put online and needs to be accessed over the network. Security will be reduced here, but convenience will be greater, especially if you work on a computer that is similar to many altcoins.

Multi-currency and single-currency crypto wallet

5 years ago, there were only one or two cryptocurrencies and they were shared (bitcoin, litecoin, ether, and a few more). It's not like that right now. There are about twelve well-known cryptocurrencies, and there are more than one and a half thousand of them.

It is clear that it is not always safe to work with each altcoin (this is the unifying name for all cryptocurrencies except bitcoin) from a separate (albeit “legitimate”) crypto wallet.

The application creates a backup, and today you can download and use several multi-currency crypto wallets that work well on PC (as programs or browser extensions) and on mobile phones. And, of course, you can find many services online that provide secure multi-currency wallets.

Some multi-currency wallets are very well protected (actually, they are cold - you can install them on a USB flash drive and store them in a safe). The other parts are pretty much protected, well, there are hot (online) wallets bribed with incomparable comfort.

Do you know this? Yes, of course, you know. Almost all crypto exchanges are basically multi-currency online wallets for storing (and quickly exchanging) some altcoins and bitcoins.

So what to choose- multi-currency or single currency?

As a rule, options for single currency wallets (less often multiple currencies) are offered on official cryptocurrency websites (an example is the official bitcoin website). In principle, the app is trustworthy and its reliability (and developer honesty) has been verified (I already wrote about one of the bitcoin wallets). This option, as it were, can be considered more reliable.

Therefore, the solution to the choice dilemma can be represented as follows:

If you only want to work with bitcoin and one or two other altcoins, then you can think about setting up their "official" wallet. As I already mentioned, the best options for security are hardware products, then there are "thick" cold wallets and only "thin" clients. Well, online services close this ranking in terms of reliability.

However, if you need to work with a dozen altcoins, then a multi-currency wallet can be a lifesaver. There are also hardware crypto wallets, both cold and hot, multi-currency. True, the hardware does not support a large number of currencies, so you will most likely have to choose between a cold wallet (desktop or mobile), or between an online wallet.

Well, that's all theory, and now it's time to move on to practice.

Best Multi-Currency Crypto Wallet

I want to start with a review of multi currency walletsg is best because it is the direction that is now most in demand and in recent years there has been a very high quality and very secure solution for storing multiple altcoins in one place.

Now some are limited to a few coins in their work. The market is very dynamic and most participants try not to lose profits by trading in multiple currency directions at once (depending on where the wind blows). What do we offer to ensure the comfort of such work?

Cryptocurrency exchange as a multicurrency online wallet

As I already mentioned, the most obvious way to implement a multi-currency cryptocurrency is the exchange itself, where you trade it. In most of them, immediately upon registration, you will receive a set of wallets for each currency used in this exchange.

There are well-known exchanges where many dozens of coins are traded and you can get as many online wallets as you want:

Bitex Book, Binance, BitMEX, EXMO, Local Bitcoin.

It is very convenient and you can quickly move one currency to another, depending on the current market situation (what is it?). The disadvantages of this method are also obvious. The private key is not stored with you, which means that all this money actually belongs to the exchange. If something happens to it (closed, hacked), then you will get nothing.

But if you don't keep large amounts of money there or quickly withdraw them into real money( rubles, dollars, euros), ostensibly fixing profits, then the ease of use can cover possible risks. For example, I often use the EKSMO exchange, or rather the wallet I open there, to withdraw bitcoins and altcoins from other exchanges and online services because it allows you to convert all this wealth into rubles on fairly acceptable conditions.

Cold, hot, mobile, but multi-currency

As I mentioned above, there are certain ratings of crypto wallets (how representative I don't rate), which you can rely on when choosing. On the contrary, it is active (that is, taking from what is available), but does not follow literally, because the final rating is always some kind of "average temperature in hospital".

However, while studying this topic, I threw out a few ideas about the best representatives of the multicurrency family, which I want to share with you:

Hardware( Trezor, Ledger, KeepKey)- all multi-currency, although they are not champions in terms of the number of coins used. There will be a separate conversation about them (scroll the text a bit down to the image illustrating all these devices). Their playing features are almost 100% reliability and safety. The downside is that it is not free and a certain decrease in the efficiency of working with accounts.

Exodus is the leader of the current ranking and at the same time a multi-currency and multi-platform wallet. It is well protected and at the same time, it should be your private key owned by the World Health Organization (which is stored on your computer), and not a third party service. In fact, it's a cool wallet with all the perks that come with it (see above). It is possible to contact technical support.

The interface also includes a built-in coin switching and portfolio representation (such as a simple crypto change or change), and it also has the latest information retention system needed to improve access to your money in the event of a force majeure (and there's also an option to send a Seed-key to your email). if force majeure occurs). encrypted form). Read more about this (wallet supplies) below.

EXBASE. IO is a multi-currency custodial online wallet with support for fiat changes in it. A product that combines the reliability of a multi-sig wallet with the convenience of concentrated change.

Cryptocurrency wallet in EXBASE system. IO is built according to the principle of encrypting individual purposes with 3 special keys (one for the system, one for the consumer and one for third parties - guards or guards), which provides a level of protection against any hacking and guarantees that you don't want to lose access to legacy . You are alone, especially if you run out of individual keys.

The wallet provides the ability to quickly buy and sell cryptocurrencies for rubles, hryvnia and other fiat currencies, providing favorable volatility and great liquidity.

At the same time, the wallet maintains a high level of anonymity and requires confirmation in exceptional cases.

Matbi (multi-currency online wallet) is one of the most reliable and well-known online wallets in the cryptocurrency market. The service is completely Russian-speaking and easy to use, and also.guarantee reliable protection and savings for consumers' budgets.

Clicking on a painting will open it in full dimensions in a new window

Using this online wallet is very safe because Matbi services are available anywhere on earth and from any feature connected to the Internet. As soon as a customer performs a simple registration on the web, he/she will immediately have access to 4 crypto wallets to store Bitcoin, Litecoin, Dash and Zcash.

In order for the consumer to see the purpose of his bitcoin wallet, he must go to the "Operations" section, then click the "Get Cryptocurrency" button. This section also contains other purposes of other types of crypto wallets.

An important advantage of this service is the presence of an integrated online switcher, thanks to which consumers can easily convert rubles into crypto currency and vice versa.

For the convenience of consumers, the Matbi team has prepared a film instruction in which the interaction with the service is thought out in detail. Matbi support service worked for a long time and quickly answered customer questions.

Coinomi is a great illustration of a multi-currency phone (works on android, but iOs types will also be promised soon) a crypto wallet that puts individual keys in features, e.g. served cold. The number of altcoins he uses is unlimited (nearly a hundred).

Coinomi's multi-currency mobile crypto wallet backs up all wallets, enough to write (or stamp) a custom-made token phrase (Seed-key) only once. It is possible to exchange coins in an instant by using the ShapeShift or Changelly switches. Some even use it on the desktop using an Android emulator.

Blockchain is one of the most popular and trusted online alternatives (also often referred to as a “blockchain wallet”). Yes, reliability is relative as your individual keys are stored by third parties (on the servers of this service), but in encrypted form, which roughly reduces the risk of being stolen by hackers.

Blockchain Wallet can hardly be called multicurrency because it allows you to work with 2 cryptocurrencies, but the most popular are Bitcoin (including Bitcoin Cash) and Ethereum. Among other online wallets, it is the most powerful and has the largest number of consumers.

It is very easy to create (start) a wallet here (the consumer interface is translated into Russian), and it is very safe to use it. The security of working with money lies on a large level (2 aspect authorization, passphrase to increase access). Well, all the other advantages are related to online placement- accessibility from anywhere from any feature. By the way, there are safe apps for Android and iOS, which means.

Jaxx is trying to compete with market leader Exodus in its own field but is not yet in the right situation to succeed, yet it is still gaining considerable fame among consumers.

It is a strong and secure multi-currency crypto wallet that has a mobile, browser and desktop (portable, which can be placed and operated from a flash drive) in the same way that they can be synchronized with each other. The security of working with money is on a level here, and one of the things that can be criticized so far is the lack of functionality and flaws in the gesture app.

Trustee Wallet is a mobile multi-currency cryptocurrency wallet for convenient storage, change, and practical cryptocurrency buying or marketing from any bank card (Permission, MasterCard, MIR) and other payment systems.