What is the cryptocurrency wallet and top five cryptocurrency wallet
What is cryptocurrency wallet
A cryptocurrency wallet is a software program that stores private and interacts with various blockchain to enable users to send and recieve digital currency and monitor their balance or any other cryptocurrency you will need to have a digital wallet
Types of wallets
1. Desktop wallet
Desktop wallet are downloads and installed on PC or Laptop.They are only accessible from the single accessible from the single computer in which they are downloads
Online wallet
Online wallet run on the cloud and are accessible from any computing device in any location.While they are more convenient to access online wallets store your private keys online.
Mobile wallet
Mobile wallet run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usally much smaller and simpler then desktop
Hardware wallet
Hardware wallet differ from software wallet in that they store a user's private key on ahardware device like USB.Although hardware wallet make transactions online, they are stored offline which delivers increased security.
Paper wallet
Paper wallet are easy to use and provide a high level of security while the term paper wallet cansimply refer to a physical copy or prinout of your public and private keys ,it can also refer to a piece of software that is used to secuely genrate a pair of keys which are then printed
Update software
Update software keep your software up to date so that you have the latest security enhancement available.You should regularly update not only your wallet software but also the software on your computer or mobile
Top best cryptocurrency wallet
1. Mycelium
#2 Bread Wallet
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