When you use cryptocurrencies, you need a place to store your private keys. Although easier than ever to buy digital assets on exchanges, marketplaces even peer-to-peer. Many users don’t realize that it is essential to store your crypto very safe in a dedicated wallet.
Don’t underestimate the simple crypto wallet as being a storage device. Wallets are becoming even more sophisticated, integrating features. Such as Web 3.0 access for decentralized applications smart contract processing capabilities, non-fungible token storage in the most advanced wallet identity storage.
Although there are hundreds of crypto wallets out there, here, I mentioned 2021’s most wanted crypto wallets with their unique features that you won’t find anywhere else.
Metamask has earned huge popularity and widespread popularity accordingly, due to its ability to interfere with Web 3.0 applications, processing smart contracts, and link to decentralized exchanges.
It does this through a browser add-on, which can be downloaded for Chromium and Firefox browsers. So users don’t have to download a separate application to use their wallet. Metamask only supports Ethereum-based tokens, such as ERC-20 tokens, and also non-fungibles.
MetaMask provides an essential utility for blockchain newcomers, token traders, crypto gamers, and developers.
2. MyEtherWallet (MEW)
One of the most popular wallets for Ethereum, MyEtherWallet, abbreviated to MEW. It is crypto software that you can access in any supported browser. Free to use and open-source, MEW has swap capabilities. which allows users to switch between fiat and crypto.
MEW is a web-based service that allows you to control your funds. It’s used for securely storing, sending, and receiving ERC-20 tokens, as well as for interacting with smart contracts with blockchain development.
Users with hardware wallets, like Ledger and Trezor devices, can connect and use MEW. Which creates a secure way to access ETH and ERC-20 tokens. MEW has launched mobile apps for iOS and Android. Which offers the same functionality as their desktop application.
MyETPWallet is a multi-language wallet for the Metaverse blockchain. Users of this wallet can create their own MST (Metaverse Smart Token) or MIT (Metaverse Identifiable Token). Like ERC and NFT tokens on the Ethereum blockchain, and transact them with other users. It’s also one of the safest wallets to send, store, and trade the native (ETP) cryptocurrencies of Metaverse. Its Dualchain Network Architecture (DNA).
The ETP bridge of MyETPWallet gives you the possibility to easily exchange the major cryptocurrencies with ETP, directly wallet to wallet, without having to go through all the steps required by an exchange. Metaverse light wallet users to have an additional channel to buy or sell ETP, increasing the usage and liquidity of our utility token.
What makes MyETPWallet unique is its use of ‘Digital Avatars’. A new way to manage your digital identity. Avatars have unique alphanumeric symbols. A user can select a creative name to represent a Metaverse address. avoiding using a long string of unreadable digits and risk making mistakes. Verification signed messages, an avatar can be used for authentication on third-party apps.
Cryptopay occupies the top place due to its utmost feature to support many cryptocurrencies for both storage and transfer. Also supports Bitcoin and Ethereum, the largest cryptocurrencies by market cap, Cryptopay also supports Litecoin (LTC) and Ripple (XRP).
Users can make instant exchanges between cryptocurrencies in the Cryptopay wallet. If there is no need to place an order via a traditional exchange. They can also credit their wallet with fiat currencies through fast payments for European customers.
One of its features is the availability of prepaid cards, which can be loaded up with a cryptocurrency of your choice, and spent in normal retailers worldwide. Enabling you to spend your cryptocurrency on real items once exchanged into fiat.
The Bitcoin.com wallet is actually created for Bitcoin Cash (BCH), an early fork of the original Bitcoin blockchain. Supporters of Bitcoin Cash argue that the protocol is closer to the originally intended use case for Bitcoin exchange rather than a store of value.
As a result, Bitcoin.com has developed a wallet that makes it easier to spend and send BCH. Designed to be used on mobile, the Bitcoin.com wallet is available on both iOS and Android.
The Bitcoin.com wallet also accepts SLP tokens, which can represent any underlying asset like ERC-20 tokens on Ethereum, and supports original Bitcoin.
How do I choose a wallet?
Choosing the right wallet for your needs mainly depends on which asset you want to store. Yet, with such unique features being released by the latest wallets, such as digital identity storage or prepaid credit cards, there are now many reasons to use crypto-wallets beyond storage.
Brugu software solutions provide all types of crypto wallet development with the ever-increasing demand for digital currency security.
A cryptocurrency wallet is a 100% secure system that allows one to receive, send and manage cryptocurrencies from one centralized portal, making the process efficient and seamless. This also helps investors manage token transactions. Building trust in terms of token security becomes a big obstacle in cryptocurrency wallet development.