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Top 5 Best Cryptocurrency Wallets In US, UK, Nigeria, And India 2019

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Best Cryptocurrency Wallets to use

5 Best Cryptocurrency Wallets 2019

Today, we will be talking about best cryptocurrency wallets, Best Multi cryptocurrency wallet and best mobile cryptocurrency wallet to use anywhere to securely store your Bitcoins and Altcoins. I will believe you already know what cryptocurrency all is about to have gotten to this level of wanting to know about best cryptocurrency wallet 2019 on iOS and Android.

If you don’t know about that, then let first take a look at answering the question

“what is cryptocurrency wallet”

A cryptocurrency wallet is just like a bank account which is used to store, receive and send your digital currency to another wallet account or use it for the shopping purpose. Whether you want to trade in cryptocurrencies or want to have them as your asset, you must need to have a wallet account.

According to Wikipedia. A Digital wallet and a cryptocurrency wallet is;

  • digital wallet refers to an electronic device or online service that allows an individual to make electronic transactions. This can include purchasing items online with a computer or using a smartphone to purchase something at a store.
  • cryptocurrency wallet stores the public and private keys which can be used to receive or spend the cryptocurrency. A wallet can contain multiple public and private key pairs

Having known this, the next question in your mind now will be what the best bitcoin wallet for android 2018 and best mobile bitcoin wallet iOS.

Below are the Best Crypto Wallet 2019 (EN RATING)

For the purpose giving you the best, this best cryptocurrency wallet rating will be divided into three segments;

  1. Hardware Wallets
  2. Mobile Wallets
  3. Paper Wallets

For the purpose of this article, we will be taking on Hardware wallets and Mobile Bitcoin Wallets.

  1. Hardware Wallets:

hardware wallet is a special type of bitcoin wallet which stores the user’s private keys in a secure hardware device. It’s the most secured type to wallet to keep your Bitcoins.

Top 2 Cryptocurrency Hardware Wallets

  • Ledger Nano S:

ledger nano s website

Ledger Nano S is a USB sized hardware wallet specially designed for storage of cryptocurrency. The hardware wallets are expensive, and the best feature you get aside other types of good cryptocurrency wallets is in terms of security and backup of your private key for the digital currency.

The features of Ledge Nano S include:

  1. Supports Multi-currency: This wallet supports almost all the popular cryptocurrencies out there in the market and allows you to store more than one at the same time in the same wallet.
  2. Built-in Display: With this feature, you can see the transactions going on in your wallet, confirmation and verification is possible because of the LCD screen on the top.
  3. User-Friendly and Easy to operate: While the size of this beautiful crypto hardware wallet is small but still there are buttons to operate which are very easy and comfortable to use.
  4. Security: The security of Ledger Nano S is top notch and for this purpose, there are multiple options available including the option to lock your wallet with a PIN code.
  5. Backup and Restoration: Ledger Nano S enables you to backup and restores your cryptocurrency details and the restoration process is easy and fast.
  6. The Ledger Nano S comes up with a box in which you will get Nano S device, USB cable, instruction manual to learn how to use, recovery sheet and other accessories etc.
  • Ledger Blue

ledger blue website

Ledger Blue is another great hardware wallet made by the same company who has made the Ledger Nano S. But the Ledger Blue is more advanced than Ledger Nano S. The wallet is not only bigger in size but has a lot of new options which we have never seen in any other cryptocurrency wallet so far.  Ledger Blue is one of the most expensive hardware wallets available in the market right now due to its stylish look, advance feature and specification. But it is totally worth it because you are not just getting a wallet to secure your digital currencies but complete personal security devices which also features the touchscreen, Bluetooth, and USD connectivity.

Looking at the Ledger Blue hardware, it looks like a mini iPad or tablet but when you explore it you will discover that this wallet is quite different from the ordinary tablets which have been designed for the entertainment and relaxation purposes.

Also, it’s smaller in size when compared to devices like iPad so do not mix or mistake it with them.

There is onboarding option to control the wallet, settings option to set which suits you the most.

You can make backup easily by tabbing a few times etc. If you are looking for an advanced version of good hardware wallet for your digital currency then you must check this wallet right now.

Indeed, Ledger Blue is definitely among the best cryptocurrency wallet of 2019.

You might consider reading this article from Cloud Wards on how to back up your bitcoin wallet.

  1. Mobile App Wallet

Mobile wallets (Android or iOS) are the least secured crypto wallets. This is because of the fact that mobile devices tend to get stolen, lost and break down. If you have your Bitcoins and Altcoins in a mobile wallet, it means that the private key is stored on that device, and therefore if the device eventually gets ruined or stolen you can’t access your coins anymore. Having said that, you can always create a backup for your wallet by using the 12-24 word seed phrase shown to you when you first install the wallet. Now, you can see the reasons why it’s very important to keep this seed phrase in a safe place and out of anyone else’s reach but your own.

You can keep them in a

  1. private email address
  2. Dropbox or Google Drive
  • copied out on a paper and kept somewhere safe, etc.

Top 3 Best Cryptocurrency Mobile App Wallets 2019

  1. Satowallet:

Satowallet comes first in the list of best mobile crypto wallet iOS and Android as it supports multiple cryptocurrencies and runs on both iOS and Android devices. I personally use Satowallet to keep most of my funds as its very easy to use and has great features.

Features Of Satowallet Multi cryptocurrency App

  • Supports over 60 cryptocurrencies
  • Free transaction fees for a Sato to Sato account
  • Segwit enabled
  • Coin Swap
  • Buy and Sell
  • Cryptocurrency Exchange trade feature
  • Highly secured as wallet runs only on Mobile App

Download Satowallet App for Android and iOS Here

  1. Coinomi

Coinomi has been there and seems to be among the oldest multi cryptocurrency wallets out there. It has similar features with Satowallet except that It does not support free transaction.

Features Of Coinomi

  • Supports multi cryptocurrencies
  • Segwit enabled
  • Coin Swap
  • High security
  1. MyCelium Android Bitcoin wallet:

MyCelium is a very popular cryptocurrency mobile app wallet as said to be among the best cryptocurrency wallet of 2018 as it features a wealth of advanced privacy and security features.

The wallet can be a bit complicated for newbie users but it’s still one of the safest and fastest on the market. As an open source software program, MyCelium is constantly being upgraded with the latest source codes and featured for a cryptocurrency wallet.

The wallet doesn’t have a web or desktop interface meaning coins can be accessed only through your mobile wallet. The good news is that you can use Mycelium together with a hardware wallet in order to get maximum security for your coins.

All the various cryptocurrency wallets 2019 mentioned above are all good and your decision to going with any depends solely on you. Personally, I use Satowallet and Ledger Nano S apart from the funds I have on Exchange websites.

If you need a recommendation on best online bitcoin wallet to use, let us know I the comment section. But then, Coinbase, Blockchain, and Coinpayments are my top three picks for best bitcoin cryptocurrency web wallet.

Let us know what you think in the comment section.

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What is Cryptocurrency And How Does It Work? 

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Obiex finance website

Cryptocurrencies are decentralized digital assets that operate on blockchain technology that in turn operates by storing a ledger of every transaction on all nodes powering the blockchain. 

In layman’s terms, blockchain technology is like a record keeper, it collects data (in blocks) and links one block of data to another, forming a chain. The data on the blockchain is open for all to see and cannot be easily altered. Blockchain technology can be used for a variety of use cases besides cryptocurrency, ranging from voting to crowdfunding, keeping health records, etc.

Using Bitcoin as an example, nodes are computers connected to the network to mine Bitcoin,  – this collection of independent nodes working together is what makes the network decentralized.

The decentralized nature of cryptocurrency is down to the creators recognizing flaws in traditional banking & financial systems like governments and financial institutions acting only in their best interests and not in the best interest of the common man, leading Satoshi Nakamoto (the creator of bitcoin and blockchain technology) to take steps to rectify that.

Related: What are NFTs?

To make cryptocurrency transactions, you will need to have a set of both public and private keys that will act as passwords protecting your crypto wallet. 

The Public key is connected to your wallet address, allowing you to share the address with others to receive cryptocurrency, while the private key is known to only you and is what you will use to approve outgoing crypto transactions from your wallet. 

Trading Cryptocurrency on Obiex

Obiex finance website

With the popularity of cryptocurrency trading currently at an all-time high, the biggest challenge for many rookie traders is selecting which cryptocurrency exchange to trade on.

If you fall in this category, the immediate priority should be finding an exchange that allows rookie traders to make trades easily, doesn’t charge extra fees and is completely secure. That exchange is Obiex Finance.

In this guide, you will be shown how to navigate the Obiex mobile app & website easily and what to do to get started with making cryptocurrency trades. 

Getting started with Obiex Finance 

Obiex Finance is a digital asset exchange and financial technology (Fintech) platform that gives its users the ability to easily execute cryptocurrency trades from anywhere regardless of their skill level.

Their commitment to ensuring that users get the best experience is shown in how they allow instant swaps from volatile coins like Bitcoin to stable coins like USDT, and vice versa, without confirmations. In a market where the value of crypto can fluctuate wildly, this feature is especially valuable as it allows users to seamlessly switch between making profits to saving those profits in a more stable currency before the value drops.  

To create an Obiex Finance account, simply head over to their homepage, click on “sign up”, fill in the required fields and verify your email address. After that, create wallet addresses for your crypto assets and you’re ready to start trading!

The cryptocurrency available for trading on the Obiex Finance platform are: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Polygon (MATIC), Dogecoin (DOGE), Tether (USDT), Binance USD (BUSD), and USD Coin (USDC).

Getting Started with Cryptocurrency trading

After creating your Obiex account, you need to follow these simple steps:

  1.     Have a Trading Strategy: Trading cryptocurrency without having a strategy in place is the easiest way to lose your money. You will need to research the various crypto trading strategies thoroughly and choose the one that best suits your needs and temperament. For example, if you’re a patient person who is content to make smaller, safer trades over a long period of time instead of making riskier trades, then scalp trading is the best trading strategy for you. There are also other crypto trading strategies such as Swing trading, position trading, Arbitrage, dollar cost averaging etc.
  2.     Pick the cryptocurrency you’d like to trade: There are several cryptocurrencies available on Obiex Finance such as Bitcoin, Ethereum, Binance Coin, Tether etc. Selecting which cryptocurrency to trade is usually down to making a choice; whether to stick with the safer, more established cryptocurrencies like Bitcoin or to go with the more volatile coins that have a high upside and an equally high-risk factor like the Dogecoin which can move in either direction based on what Elon Musk tweets.

It is also important to note that when you pick a cryptocurrency to trade, it would be wise to ensure that the cryptocurrency matches the strategy you pick. For example, if your preferred strategy is patient scalp trading, then investing in volatile coins that have a high upside but carry a lot of risk is not the wisest move. 

To swap crypto on Obiex Finance, add the wallet of crypto assets you’d like to swap, send the crypto to the wallet you just created, navigate to the ‘swap’ option on your dashboard, and select the coins you’d like to swap. You will receive the swapped coin in your wallet balance immediately without waiting for network confirmations.

  1.     Securely store your cryptocurrency: The same way you’d protect your goods and profits if you had a physical store is the same way you need to protect your cryptocurrency so it doesn’t fall into the wrong hands.

You can store your crypto securely on your Obiex wallet but if you want an alternative, physical wallets are also an option. Physical wallets allow you to store your crypto in secure hardware, offline storage device reducing the likelihood of online hackers stealing your hard-earned crypto. This is a list of reliable physical wallets you can use.

Conclusion

If you’re a newbie to crypto trading, the keyword is patience. Taking the time to properly understand the market before making trades will stand you in good stead. While risks occasionally pay off, a patient, long-term strategy is required to make consistent profits. For more information about trading as a newbie, you can check this out to understand unfamiliar crypto terms and to learn more about spot trading and futures.

Obiex Frequently Asked Questions | Obiex FAQs

  • Will I be charged a fee when I swap coins on Obiex? 

No you won’t. While other crypto exchanges charge for trades and require confirmations to execute swaps, Obiex allows you to make free, instantaneous swaps without the delay that comes with waiting for confirmation. This also helps you avoid unnecessary losses.

  • Can I trade crypto on Obiex if I don’t know much about crypto? 

Yes, you can! The Obiex Finance platform allows both rookie and experienced traders to make easy, safe trades regardless of trading experience.

  • Can I send and receive crypto easily?  

Yes, you can. To send crypto, you will use your private key to execute outgoing trades and your public key/your wallet address to receive incoming trades. You can also send and receive crypto using just Obiex usernames.

  • Why do I need to swap coins? 

Swapping coins allows you to either acquire a coin you think is (currently) more valuable than a coin you have a lot of. You can also use swaps to ensure that your funds are invested in a more secure coin like USDT if you feel the volatile coin you’re holding is about to go on a bear run and lose value.

  • Do I get a referral bonus when I invite friends to use Obiex? 

Yes, Obiex has a referral campaign that rewards users that invite their friends and family to trade the minimum of $10 on Obiex.

 

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