Dealing in cryptos is more than just trading them, especially now, when the crypto world is making significant steps towards adoption and mainstream use. More often than ever, crypto holders are choosing to keep their coins instead of just passing them on. However, since there are often significant amounts involved, it is important to have a safe way to store these coins and protect them from theft.
While cold wallets are the best methods to do this, it is still possible to achieve decent security with online wallets. Because of this, and with a large increase in hacking attacks, it is important to know which wallets are the best and safest to use. So, today, we have prepared a list of top 5 online wallets for all Bitcoin and Bitcoin Cash users that are looking to safely store their coins online.
Unsurprisingly enough, BTC.com will be the first on our list, since it is a wallet that is specifically designed for holding BTC and BCH. It is among the best online wallets around, and it has been one for the last two years, ever since its creation in 2016. It was made by a crypto mining firm Bitmain, and it is safe and very user-friendly. This makes it perfect for new and experienced wallet users alike, and it can be used on Android and iOS, not to mention that it also has a web version.
Users of this wallet can hold their private keys themselves, which eliminates the necessity to involve a third party, and thus it increases the security of the wallet, as well as coins stored within it. The wallet is strong, despite its simple look, and should definitely be given a chance.
Next wallet in line is Coinbase, which is among the simplest ones to use. It has relatively limited applications, but its user-friendliness makes it the best choice for crypto novices. The coin selection is also limited, as is the one within the exchange itself. However, it offers both BTC and BCH, which is why it still made the list.
One thing that makes this wallet even better than most is the fact that it also acts as an exchange, and not only a wallet. Basically, this means that users can exchange their coins without ever leaving the wallet, albeit with higher fees. Those looking to avoid the fees may decide to go for Coinbase Pro. This won’t completely eliminate the fees, but they will be much lower than usual. The only downside to this is that the coins have to be sent between the wallets when the user decides to trade them.
Next, we have Blockchain.info. This is a strong and reputable wallet, backed by equally as strong and reputable company. A lot of crypto enthusiasts are using their website, which is also a block explorer. The wallet has been around since 2011, which makes it very old by crypto standards. However, it did not waste the last seven years, and it made itself available in 37 languages.
However, the wallet only offers 3 coins, which are BTC, BCH, and ETH. It is user-friendly and very easy to use. Also, it is pretty safe considering that it is a hot wallet. Like Coinbase, this wallet also works as an exchange as well, which allow swapping coins for one another whenever the user desires it. This makes it flexible and practical. One thing of note regarding the wallet is that it suffered phishing attacks in the past, which is why users are advised to always double-check the addresses that they are using for coin transactions.
The fourth on the list is Coinomi, which is a wallet that supports over 501 cryptos in total. 119 of those are coins, while 382 of them are tokens, which makes it the wallet with the most cryptos on this list. It is available in 28 languages, and it also allows transactions without the need to leave the wallet. Additionally, it allows credit card purchases, which makes it even more efficient, and the user doesn’t even need to visit exchanges at all.
The fifth and final wallet on this list is Jaxx. It was created back in 2014, which doesn’t make it the oldest on the list, but it is still pretty old. It was created by Anthony Di Iorio, who is also one of the co-founders of Ethereum itself. The wallet is easy to use, and it can be reached from numerous platforms, including Windows, Android, iOS, and it even has a Chrome version.
It supports 69 coins and tokens, with some of them even being outside of the top 100 per market cap. While it received criticism at one point due to some technical difficulties, it was also praised for numerous features, as well as its outstanding design. The only downside with the wallet is that it doesn’t support crypto-to-fiat transactions. However, as long as your goal is to trade coins for other coins, it will be the perfect wallet for you.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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