Bitcoin, launched in 2009 is now 10 years old. Over the period of these 10 years, Bitcoin has gained a huge amount of popularity. Today, Bitcoin has reached to every nook and corner of the world. Apart from Bitcoin, a number of other cryptocurrencies have joined the race making cryptocurrency a world in itself. As of August 2018, a total of 1600 cryptocurrencies were counted.
With this growing population and popularity of cryptocurrency, crypto trading has also become extremely popular. Within this crypto world, a major addition which has gained popularity is “Crypto wallet”.
What is a cryptocurrency wallet?
A cryptocurrency wallet can be seen as equal to a bank. With a crypto wallet, you can receive not only bitcoin but other cryptocurrencies as well. Furthermore, it also allows you to send cryptos to other traders or investors.
How is Hardware wallet different from a crypto wallet?
A hardware wallet is a small electronic device which is built to keep your cryptocurrencies and coins safe and sound. It holds and takes care of your private keys in an offline mode. It is the safest and the most secure way to save your cryptos.
Hardware wallets also have an edge over ‘software wallets’. As Bitcoin and other cryptocurrencies are digital, they stand in reach of cybercriminals and hackers. A crypto wallet keeps your digital currencies out of reach of these cyber-terrorists. To steal your private key now, a hacker would have to steal your wallet itself.
Here are two leading companies that provide hardware wallets in the crypto world:
- Ledger Hardware Wallets:
Ledger Wallet has stayed in the market for a long time and it has secured its reputation in the market. You can access a ledger wallet with a Ledger Live which is a free desktop application. Through this application, you can control all of your ledger devices from one place and send and receive cryptocurrencies. Their hardware wallets include Ledger Nano X and Ledger Nano S.
- Ledger Nano X
Ledger Nano X is an impressive device which has the capacity to handle and manage up to 100 crypto assets at any given moment.
- Ledger Nano S
The Nano S has a sleek design, intuitive user interface and supports a wide range of altcoins (including Ethereum, Litecoin, Dogecoin, Zcash, Dash, Ripple, and most ERC-20 tokens).
- Trezor hardware wallet
Trezor means “vault”. Trezor was the first company to introduce the idea of a cryptocurrency hardware wallet. The company has an impeccable reputation in the market and has always produced happy customers.
However, apart from trading and investing, cryptocurrency also presents a number of other business opportunities. Cryptocurrency exchanges like PCEX offer a business opportunity that anyone can grab.
Cryptocurrency has seen massive growth over a period of time. Today, it has revolutionized and changed the economic world for a better tomorrow. Being a part of the crypto world will not only give you huge profits today but will also keep you ahead in the race.