Top 4 of Best Monero Wallets
In this article, we will talk about top 4 best Monero wallets to store Monero, one of most popular cryptocurrencies. Even though it is pleasing to the cryptocurrency community that cryptocurrencies enter our lives and the usage areas increase, it also causes some problems. These problems are ease of use and security.
What is Monero?
Monero (XMR) is the 12th cryptocurrency of the market, according to Coinmarketcap data, with a market value of approximately 1 billion 130 million USD. It has a confidentiality principle. In this article we will review the best 4 Monero wallets on the market.
Exodus Monero Wallet
Exodus is one of the most widely used Monero wallets on the market. It can control all funds without storing a private key. Supporting other cryptocurrencies, Exodus is the first Monero wallet that can work fully compatible with ShapeShift. Exodus keeps your assets directly on your device.
Monero Desktop Wallet
The Monero GUI is one of the best desktop options on the market right now. Every user who uses a Monero GUI naturally acts as a full node. To compare to the other Monero wallets, it can be said that the communication with the blockchain is slow. The wallet’s keys and data are constantly encrypted for privacy and the service provider has no direct access to your XMRs.
Ledger Nano S
Ledger Nano S is one of the most widely accepted and trusted Monero wallets in the cryptocurrency community. The wallet, where you can keep hundreds of cryptocurrency, supports Monero as of April 2018. Ledger Nano S is considered to be the best hardware wallet on the market. It comes with a manual that explains how to use it in detail and is a bit more challenging to use than other wallets.
Thanks to the user manual you can easily learn. Ledger has various defense mechanisms to ensure the highest level of security. Even if your computer is hacked, it is almost impossible for them to access your crypto money.
You can also buy your Ledger Nano S hardware wallet from our Cointral branches.
Monero Paper Wallet
Paper wallets have been losing popularity day by day due to security weaknesses and difficulties of use. It is more preferable for long-term storage. You need to visit moneroadress.org to create a paper wallet for Monero. It is crucial that you keep the wallet you create, because there is no way to retrieve if you lose your paper wallet.
Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.