What is the most important thing that you carry around with you every single day? If you said your purse or wallet, then you are correct. Why do we take so much care with keeping it safe compared to our other personal belongings? Because we know how important our own currency is. You would never just leave money lying around anywhere and just go pick cash up off the floor when you need it. The main reason we do this is because it is so valuable to us.
Currency is what makes the world go around. Everyone in every country around the world, works to make money, in order to buy things to survive. We need money to eat, to have a roof over our heads, and to take care of our loved ones. Money is important to our survival that we want to make sure there is somewhere safe to store all of our money such as a wallet or a purse. The same can be said if you are using any online tool to create a cryptocurrency.
Why get a cryptocurrency wallet
First, let’s examine using cryptocurrency. A lot of people are being drawn to the cryptocurrency online world because it is a decentralized currency that is not tied down to a country or to any banks. This is very appealing to people, as you can trade and buy and sell with people all over the world without having to worry about exchange rates. It is easy, and it is ideal for anyone wanting a currency that everyone around the world uses.
If you are really big into cryptocurrency and now have a lot of it (whether it is in Bitcoin, or an Altcoin, whatever you prefer) you are going to want to find a place to store it all—just like you would with a bank, although banks do not take the Bitcoin. So where are you going to put it? Today we are talking about the cryptocurrency wallet, the only place that you can safely store your cryptocurrency and know where it is at all times.
Using a cryptocurrency wallet
On many of the online platforms or trading places, you can connect your cryptocurrency wallet to them, so you can store all of your money in the same spot. Many of the best cryptocurrency wallets feature apps that can go on your phone; like you would carry around a debit card, you can now carry around your cryptocurrency wallet in your pocket. This can be used to buy things in stores and to keep track of all of your spending.
There are so many cryptocurrency wallets to choose from that it can be difficult to know which one to get and which you should stay away from. Obviously, the most important thing that we are looking for when it comes to using any type of cryptocurrency is safety. This is still a tool being used online, and with the number of hackers and scammers out there, it can be very scary to try and figure out which one to use. We have put together a list of the cryptocurrency wallets that we recommend and we will embellish why. We hope through this guide you can find a safe place to store all of your cryptocurrency and so you can use it easily in your day-to-day life.
The first wallet that we think you should take a look at is the ArcBit Wallet. Why do we think this is one of the best? Well you want to find a wallet that is versatile, and is able to be used with a lot of systems. This comes with great security and can be used with Google, Microsoft and Apple products. You can have your cryptocurrency on your phone and use it wherever. It is pretty easy to use as well. The only downside is that it only uses the BTC cryptocurrency, and no other supported coins.
Another wallet we like is the Exodus wallet because it supports a wide range of coins from BTC to ETH to REP to DCR, but it also is one of the easiest ones to use for beginners. We recommend this one to you.