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Here Are the Best and Safest Crypto Wallets in the Market Today

1y ago
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It's no secret that cryptocurrency investors require essential tools such as wallets for the purchase, trading, and selling of digital assets. However, these wallets come in different sizes and shapes, with there being several options for enthusiasts to choose from today. And while these offerings are designed primarily for the storage of different cryptos, they also perform other peripheral actions such as validating transactions, swapping coins, etc.

With instances of centralized exchanges being hacked and their associated wallets being drained on the rise, it is important that investors make use of solutions that are not only easy to utilize but also come replete with the most high-quality security setups possible. To put things into perspective, over the course of 2021 alone, most of the world’s most popular cryptocurrency exchanges — such as KuCoin, BitMart, Exmo, among several others — bore witness to a total of 20 hacks. Six of the cases resulted in these platforms compromising customer funds worth $100 million. 

What’s even more disturbing is that this number is likely set to rise, with statistical data showing that instances of crypto theft have been climbing steadily since 2019. In this article, we will seek to list out some of the most advanced, safe digital currency wallets available today. So, without any further ado, let’s jump straight into the heart of the matter.

Klever Wallet K5

Klever Wallet K5 provides users with a secure and user-friendly way to manage their digital assets. Regardless of their location or banking status, individuals can easily access their crypto holdings through the app's intuitive interface and advanced security features.

To ensure the utmost security for its users, Klever K5 has implemented biometric authentication protocols and a comprehensive device encryption framework. Additionally, the app offers cold storage compatibility, allowing users to take their assets offline to further enhance their security.

Moreover, Klever K5 supports multiple cryptocurrencies and allows users to buy digital assets directly using a credit card while also enabling the direct swapping of digital assets without the need to undergo lengthy KYC processes. Also, thanks to an integrated Web3 browser, users can easily access their favorite decentralized applications (dApps) directly through the app.

Lastly, the self-custody design of Klever K5 affords investors the ability to maintain complete control over their crypto assets at all times. Not only that, the app also includes a staking module that enables users to accrue passive income streams with the touch of a button.

Giddy

The second entry on our list is Giddy, an app that employs an extremely simple and easy-to-use UX/UI. In fact, the platform’s onboarding process is so streamlined that an 83-year-old crypto investor signed up on his own, and  joined a TriCrypto3 Curve pool in less than 10 minutes using the Giddy app. Moreover, the offering is registered as a U.S. FinCEN Money Services Business (MSB), ensuring its legal compliance at all times.

That said, what truly sets Giddy’s long-term future apart from the rest of the fray is its core development team. For example, the project has at its helm CEO Eric Parker who was previously the lead app developer at Walmart, helping the multinational rebuild its e-commerce app. Other key personnel associated with the project include CFO David Lemke, previously a VP at Goldman Sachs and David Bland, former lead app developer at SoFi, and David Hurst, former VP at the unicorn SimpleNexus.

Giddy aims to make DeFi more accessible to a wider audience by providing a distinctive wallet that enables users to own their crypto keys without having to be solely responsible for safeguarding a 12 or 24-seed phrase. This approach is designed to provide a more efficient solution for managing and securing digital assets while also making entry into this relatively nascent space less daunting for individuals not familiar with the complexities of blockchain technology.

Nimiq

Another crypto wallet option that has become more active in the public recently is Nimiq. This is because the digital storage entity is not only one of the quickest storage solutions to set up, but also one of the easiest-to-use self-custody wallets available in the market today. Nimiq’s node set-up is heavily focused on decentralization as well.

From an operational standpoint, it should be pointed out that Nimiq Wallet connects directly to the blockchain, allowing users to broadcast and receive transactions from the network themselves without having to depend on the nodes operating within them. This sort of setup is pretty much how transactions are relayed within prominent ecosystems like Bitcoin, Litecoin, etc.

Atomic Wallet

One of the oldest and most trusted crypto storage solutions out there, Atomic Wallet, is designed to provide its users with a host of novel features. For example, it allows individuals to use the app without having to sign up or complete an arduous KYC process. Moreover, the project offers 24/7 customer support while being compatible with more than 500 coins.

However, the offering’s standout feature is its Atomic Swap module, which is a decentralized exchange (DEX) linked directly to the wallet. It affords users the option to swap almost every major digital asset with one another without the need for an intermediary.

ZenGo

ZenGo offers a unique crypto wallet offering that brings the best of both worlds  — i.e. ease of use and security — to its clients. To elaborate, the application renders the concept of private keys completely obsolete by securing its users’ accounts on the company’s servers via the use of various advanced cryptographic techniques. Moreover, the product features a highly-intuitive UI while also coming laden with a number of useful peripheral services such as a direct crypto purchase counter as well as a swapping service.

1y ago
bullish:

3

bearish:

1

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