Wallets

“Address Poisoning” is a new cryptocurrency scam that deceives users into transferring funds to other wallets instead of the intended recipient. While it’s not the most aggressive cryptocurrency scam, Address Poisoning still tricks many into funding crypto fraudsters. Fortunately, it is easy to detect and avoid even by the least tech-savvy users. What is Address Poisoning? Crypto users should be familiar with the wallet’s transaction list, which contains all the “Send” and “Receive” transfers. This list provides details on the token…

An online wallet is a software program that stores cryptographic keys. This technology allows users to make digital payments and secure their online presence. However, over the last years, many users have started to trust hardware solutions to store their coins. This guide will explore the pros and cons of using these two wallets. In particular, we will focus on a vital matter for crypto enthusiasts: the security of their funds. What Is an Online Crypto Wallet? An online crypto…

In 2022, crypto trading will continue to become more mainstream. However, there is often a lot of confusion around the “best” mobile wallet to safely store your currency. The truth is that the available range of mobile wallets can overwhelm users. A crypto wallet works just like a physical wallet in a modern sense. But instead of paper-based currency, it holds digital cash with proof of security. Understanding that a crypto wallet can be an online site, an app, a…

It’s 2023, and Bitcoin continues to maintain its universal recognition. The popularity of Bitcoin is at an all-time high and garners more attraction from crypto investors than ever. One of the best aspects of using Bitcoin is moving coins from a particular crypto exchange platform and storing them in an external hardware wallet. Interestingly, the best hardware wallets for Bitcoin are often the simplest ones. Hardware wallets are perfect for storing and managing your Bitcoin holdings with complete transparency and…

The development of secure digital identity authentication is one of the driving forces behind the progress of the digital age. As a result, Facebook has decided to delve into the game with its cryptocurrency wallet, NOVI. It’s not the social media giant’s first incursion in crypto. However, its previous attempt, Libra, was more of a fiasco. So, will NOVI do any better? And how does it work? In this article, we'll answer these questions and many more. What is NOVI? NOVI…

Before investing in fiat financial markets, one of the essential things that every investor must have is a bank account. The account helps in not only storing the investments but also as a way to receive profits made from trade. What about crypto? What is the first thing every rookie investor must have when joining crypto? Well, a crypto wallet.  A crypto wallet protects investors' assets as they tread in the crypto space. You cannot purchase crypto assets without having…

Decentralized Finance Tokens are gradually becoming one of the significant use cases of smart contracts. It has helped solve the fundamental issue of providing banking services to people who do not use banks. However, as the DeFi ecosystem grows, selecting the best wallets to store or hold DeFi tokens safely has proven daunting. That brings us to our guide today, which will help make choosing DeFi wallets straightforward. The Best DeFi Wallet should: Allow access to DeFi Assets: A good…

When thinking about starting in crypto, one of the first steps that every investor has to follow is signing up for wallet services. Almost all services in crypto require users to connect their wallets to continue accessing other services. In addition, a wallet helps in storing crypto assets safely. Different wallets possess different attributes depending on the mechanism used in classifying them. However, this article will focus on wallets provided by crypto exchange service providers. What assets do these platforms…

The Ethereum network and its Ether token are the second-largest cryptocurrencies globally. If you're thinking of investing in ETH, you should move your tokens out of your trading platform or exchange them into a private Ethereum wallet. Wallets do not only guarantee you the security of your tokens, but they also make token management and transfers seamless. Nonetheless, not all crypto wallets are viable or support Ethereum tokens. Therefore, in this guide, we look at what an Ethereum wallet is and the…