Hello everyone It's me again @Oslec08 , Mobile cryptocurrency wallets, multi-crypto wallets, desktop, and hardware wallets, check out wallets where you can store your crypto in this article.
A cryptocurrency wallet is a piece of software or application where you *store your Bitcoin, ether, or any other virtual currencies that you have.
Think of it like the wallet where you store your money. You put your paper bills in the wallet. Everyone knows you have a wallet (unless you don’t, which is very very alarming), but only you can take the money out of your wallet. Continue reading if you want to know more about cryptocurrency wallets not just for btc but for all coins.)
Private and Public Addresses
The cryptocurrency wallet has private and public keys (or private and public addresses). When you send your friend John an altcoin, you send it to his public address. Remember that blockchain is a public ledger Everyone John transacts with knows his public address. Everyone even knows how much altcoin is in his wallet.
But only John can take the coin out of that wallet. That’s because he’s the only one who knows the private key (or private address) to open his wallet.
Characteristics of Best Cryptocurrency Wallets
Wallets come in different forms. there are different wallets for different cryptocurrencies. Well, there are wallets where you can put many coins. Examples are wallets on cryptocurrency exchanges (like the one on Bittrex).
But wallets on an exchange are not secure. Furthermore, because exchanges trade millions of Bitcoin per day, they are a prime target for hackers. I will list down the best cryptocurrency wallet for users in the Philippines.
Note: Every wallet listed here are wallets that you can freely download. Technically, all wallets are available globally, but some, like Abra, Coins, and Bitbit also have a team on the ground in PH. Some provide a watered-down version of their platforms, like Coinbase that only allows us to store our coins. Meaning, its wallet functions are available to us. But their other features, like quick exchange and trading are not available for users in the country.
Best Cryptocurrency Wallets for Philippine users
Online Wallets
these are wallets you can access online, either on a web browser and/on a mobile device. These provide convenience although most of the time because they are connected to the Internet. However, most of them control your private keys. They are called “hot wallets” because of that.
Coins.ph
Supported Coins
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Bitcoin Cash (BCH)
Peso (Php)
Note: PH-based and has a mobile app
Bitbit.cash
Supported Coins
Bitcoin (BTC)
Note: PH-based and has a mobile app
Abra
Supported Coins
Basic Attention Token (BAT)
Bitcoin (BTC)
Bitcoin Cash (BCH)
Bitcoin SV (BSV)
Dash coin (DASH)
Ethereum (ETH)
Ripple (XRP)
Lite coin (LTC)
And more crypto coins supported check here Abra
Note: You have access to your private keys via recovery phrases
MyEtherWallet
Supported Coins
ether
,ethereum-based coins
Note: You control your private keys
Blockchain.info
Supported Coins
Bitcoin (BTC)
Bitcoin Cash (BCH)
Ethereum (ETH)
Stellar (XLM)
USD Digital (USD-D) which was previously referred to as USD PAX.
Note: your private keys are encrypted with your password and has mobile wallet. Do not send any other cryptocurrencies to Blockchain.com Wallet addresses; you will not be able to access those funds if you do. The Blockchain.com Wallet is a cryptocurrency only wallet, and it is not possible to store fiat currencies in the Wallet.
Litevault
Supported Coin
Lite coin (LTC)
Note: your private keys are encrypted with your password
Coinbase
Supported Coin
Bitcoin (BTC)
Bitcoin cash (BCH)
Litecoin (LTC)
Ethereum (ETH)
And for other coins supported check here Coinbase
Desktop Wallet
Desktop wallets are software wallets that sit on your computer and are generally secure. They range from easy-to-use to complicated-looking user interface. Most of the time you control your private keys. Some, like Exodus, offers the ability to convert your coins to another via its Shapeshift integration (this means you can trade your coins instantly to any other supported coins).
Exodus
Supported Coins
Bitcoin (BTC)
Dash (DASH)
Bitcoin Cash (BCH)
Ethereum (ETH)
Check here more supported coins Exodus
Note:
Has MacOS/Linux versions and Mobile version. You control your private keys and it has Shapeshift integration.
Electrum Wallet
Supported Coin
Bitcoin (BTC)
Note: You control your private keys
Supported Coin
Bitcoin (BTC)
Note:The original client, it downloads the blockchain and you control your private keys
Hardware Wallets
Hardware wallets are the real deal. You can say it puts your Bitcoin offline, but technically, you put your private keys offline, away from the Internet where everything can be hacked if you’re not careful. They are also generally expensive. However, many cryptocurrency websites agree on one thing – they are probably one of the most secure ways of keeping your coins safe.
Note: You Control your Private Keys. It can also hook with other wallets
Note: You control your private keys. Also, if you have Loyal Coin and other NEM mosaics, Trezor can keep them.
Note: You control your Private key
Supported Coin
Bitcoin (BTC)
Note: You control your private keys
Using coins.ph wallet and its good