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5 Best Online Wallets For Bitcoin and Bitcoin Cash

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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.

1) BTC.com

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.

2) Coinbase

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.

3) Blockchain.info

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.

4) Coinomi

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.

5) Jaxx

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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