Digital Wallet Is One Of The Most Important Tools That Should Consider To Work In The Field Of Cryptocurrencies. In This Article, We Review The Important Criteria For Choosing The Best Digital Currency Wallet.

Cryptocurrency Wallets, Digital currencies, or cryptocurrencies, in other words, have become a hot topic these days, with all of us reporting on the news at least once a day. China’s blockchain technology acquisition has progressed to SpaceX recently launched a 90-ethereum spacecraft to the International Space Station.

Who knows, maybe in the next ten years, we will see the birth of an intergalactic currency like Blemflark. Be the official currency of the Galactic Federation in the sci-fi animation Rick and Morty.

Technology, as it advances and facilitates our daily work, creates and injects new concepts.

China blockchain technology is no exception to this rule and has explained most new concepts in the last decade.

One of these new concepts is cryptocurrencies, or in other words, the digital currency wallet, which is one of the most important tools needed to be present in the world of cryptocurrencies.

But what is a Crypto wallet, and what are its uses? What are the types of digital currency wallets, and how are they classified? What are the characteristics of the best cryptocurrencies?

These questions are the topics that will discuss later on at the end of the article. According to your requirement best to save Wallet digital currency Bitcoin, Ethereum, or any other Crypto to choose from.

So far, we’ve talked about different ways to monetize Chinese blockchain technology, such as digital currency mining, participating in AirDrop Crypto or Fast Crypto. But after earning money, we come to the stage of storing the obtained currencies, which need a cryptocurrency or digital currency wallet.

What is a digital currency wallet?

In short, a digital currency wallet, or Cryptocurrency Wallet, is a type of wallet that facilitates the storage, sending, and receiving of various digital currencies, and one of the essential tools for using digital currencies is having a cryptocurrency wallet.

Digital currency wallets can be classified according to various characteristics, including security approaches or support for specific digital currencies and other minor features discussed below.

For example, a bitcoin wallet is a type of cryptocurrency that only supports bitcoin. Still, in contrast, a cryptocurrency wallet can be found that supports several types of digital currencies, and the list can continue on any basis.

To provide a comprehensive answer to the question, What is a Crypto wallet?

We need to zoom in a little bit more on this technology to get more details.

Therefore, digital currency wallet to the device. A physical device, program, or service stores public keys and private keys to complete cryptocurrency transactions.

In addition to the basic functionality of store keys, a wallet digital currency encryption ( Encrypting ) and Digital Signature ( Signing ) data on its foundation.

The main components of a digital currency wallet

Crypto wallet consists of special security and communication technologies to provide the best service with their help. In other words, a digital currency wallet is a technology that stores information related to private and public keys along with the Seed Phrase recovery phrase to enable cryptocurrency transactions.

Private and Public Keys

One of the vital components of a digital currency wallet is its private and public keys. In computer science, these keys are a way to authenticate received packets using asymmetric encryption to secure them. The history of using this method goes back to sending and receiving messages on the Internet.

On the one hand, digital currencies and on the other hand, cryptocurrencies are used by this technology to encrypt and decrypt transactions. Without them, the world of digital currencies would still be wandering in the land of dreams and ideas.

The strengths of public key and private key encryption are the use of Trapdoor Functions; Because these functions in mathematics are called functions that can only solve on one side, and it is impossible to decompose them in reverse; Unless you have access to supercomputers and thousands of years have passed since then.

The public key in a digital currency wallet is generated and encrypted to share and receive digital currency with other people.

Public key encryption is paired with private key encryption. Although anyone can send a transaction to a public key, you need a private key to access transactions and prove ownership of digital currencies in your wallet.

In other words, the public key is usually the address of the digital currency wallet through which transactions can receive; Of course, the public key must be shortened to get the address.

There is no security barrier to sharing a public key. As you’ve probably seen before, some charities, content creators, and many others on the Internet expose their digital currency wallet addresses to others.

Of course, it should warn that profiteers and attackers may plan other attacks with the help of Wallet Crypto’s address and valuation of the victim’s digital currency account.

The private key of the digital currency wallet (Private Key) is in the above confidential information category. We warn you at the beginning not to share it with anyone in any way.

And the private key lets you prove your ownership of your digital currency wallet and manage cryptocurrency transfers.

The private key can take many forms, including 256-digit binary code, 64-digit hexadecimal code, QR code, and Mnemonic Phrase.

The public key is the public address of the digital currency wallet to receive the transaction, and the private key is the password to the digital currency wallet and asset control.

As mentioned, the private key comes from the heart of the public key; But due to the use of the valve function.

Seed Phrase Recovery

The term digital currency wallet recovery, known as Seed Phrase or Seed Recovery Phrase or Backup Seed Phrase, is a list of words that stores all the information needed to recover a Crypto wallet account.

Digital currency wallet software usually automatically generates the recovery password after registering and creating a crypto account, reminding the user to write the words in the order displayed on paper and keep it safe.

If you ever have a hardware problem with your computer or device and can’t be booted, all you have to do is install the digital currency wallet app on another device and use the Seed Phrase recovery phrase to recover your cryptocurrency account.

Note that the phrase Seed Phrase retrieval only applies to accounts in the Chinese blockchain platform.

Seed is the only way to access your wallet when you forget your password.

The most widely used standard in the production of Seed Phrase Retrieval is BIP39; Of course, in some cases, digital currency wallets, such as the Electrum Wallet, use their own standard. The way these words work is summarized so that each word is generalized to a number.

How to save the phrase digital currency wallet recovery

The term digital currency wallet recovery is the key to logging in and controlling cryptocurrencies and is of great importance. Despite methods of protecting account security, such as activating 2-step verification, maintaining a Seed Phrase is definitely important.

There are many innovative ways of encrypting computers to older techniques such as steganography ( Steganography ) used once in centuries. Our suggested way to memorize a cryptocurrency recovery phrase is to write the words in a longer text. Take a look at the photo below.

We leave the choice of title and other items and even the type of text to your creativity, But the important part is introducing cryptography and then writing the text.

The numbers marked in different colors at the top of the text seem to indicate the date; But in fact, they have the place of the words of the phrase retrieval in the text in their hearts. For example, the number 19 is highlighted in yellow.

Count from the first word 19 to the word “decade,” which appears in yellow, then consider the number 8, and from the word after the decade that tiger to the eighth word, you will reach “collect.”

Continue in the same order for the numbers 20 and 2. You will need to repeat this process two more times to get 12 words. Eventually, you will get 12 words of digital currency wallet recovery phrase.

Types of digital currency wallets

Digital currency wallets can be classified into different categories according to different criteria. But in general, we have two types of digital currency wallets, which are:

Cold Wallet

Cold Wallet; Also called Cold Storage, it refers to bags that work offline. In other words, digital account information is stored on a device that does not have an Internet connection; As a result, it will be resistant to many cyber vulnerabilities. The most basic cool digital currency wallet is the Paper Wallet, and the more advanced type is the Hardware Wallet.

Digital Paper Currency Wallet:

A type of cryptocurrency known as obsolete and insecure. This method was popular in the years 2011 to 2016 (1390 to 1695). In this type of digital currency wallet, the private key and the public key will be printed on a piece of paper.

This method of storing and maintaining cryptocurrencies has many disadvantages, and for this reason, it has lost its popularity today; But it still has its own fans.

Digital currency hardware wallet:

Digital currency hardware wallet is by far the most secure and impenetrable type of digital currency wallet; Because the private key to access the cryptographic account is stored on a physical device that does not have Internet access.

When a user wants to make a transaction, he just needs to connect his hardware wallet to the USB port to sign the transaction without displaying the private key.

Digital currency hardware wallets are virtually vulnerable to virus attacks, and so far, there have been no reports of successful thefts. These devices often cost between $ 100 and $ 200, and the best manufacturers of this type of digital currency wallet are the Ledger, Trezor, and CoolWallet.

Hot Digital Wallet

Hot Wallets These digital wallets are said to be connected to the Internet and work online. The difference between a cold digital wallet and a hot digital currency wallet is summed up in the same internet connection state. Of course, this slight differentiation will lead to many differences in Wallet mechanism and subsequent transaction processes.

For example, despite the faster access to accounts and transactions in hot wallets, this strength can become a weakness due to the ease of exposure to cyber-attacks. Digital currency software wallets can only be considered as a subset of digital currency hot wallets.

Digital Currency Software Wallets:

All Digital wallets, or software wallets, store private key information in local files and generate a dedicated Seed Phrase for account retrieval. This digital currency wallet can use by installing the relevant software on a computer, smartphone, or web application.

The biggest advantage of this type of wallet is the high speed of transfer and easy access. Still, an attacker could also gain access to your digital assets by hacking into the device on which the application is installed.

The digital currency software wallet automatically has three sub-categories, which include desktop, mobile and online software.

• Digital Desktop Wallet: A desktop wallet is a software installed on a computer that stores passwords; Therefore, its information is only available to the Walt user. The private keys of his account are stored on the system.

• Mobile digital currency wallet: cryptocurrencies are designed in a convenient application installed on a smartphone and have a straightforward user interface. The important thing about installing a digital currency wallet on a mobile phone is that most phones are very vulnerable to malware; Also, the possibility of losing the phone or stealing it, including the disadvantages of using a mobile digital currency wallet, is taken into account; Because Wallet Ramzar’s private key is stored on the phone.

• Web-based digital wallet: Online wallet, or in other words, online digital wallet (Online Wallet), is a group of cryptocurrencies that do not require the installation of any program and application, and through the browser and Internet connection can be a cryptocurrency account. Had access. The advantage of this type of digital currency wallet is access to the account through various devices anywhere; However, since the Wallet private key is stored by the website owners and is not stored locally on the device, it is not recommended for security reasons.

What is an eID digital currency wallet?

The eID digital currency wallet is the main wallet feature that stores information about private and public keys. There is another feature: the existence of Electronic Identification or, in other words, the electronic identification card. To use these wallets, the user must register his original identity and receive an electronic ID card to use this Crypto wallet.

Of course, we are not yet witnessing such a large-scale mechanism. As the first official organization, the European Union establishes an electronic authentication service ( eIDAS ) on the European Blockchain Services Infrastructure.

The EBSI digital currency wallet provides information security and complete transactions using an electronic identification card (eID) and final signature.

Choose the best digital currency wallet.

There are several basic criteria for choosing the best digital currency wallet that you should consider and prioritize according to its importance.

Application of digital currency wallet

The most basic aspect of choosing the best digital currency wallet is the use and how the user uses digital currencies. So, if you are planning to buy and hold some digital currency to go to them in the next few years, buying a hardware digital currency wallet is definitely the best option; Because it will have more security and durability.

Special features of digital currency wallet

Some features can be seen in Crypto bags, which are considered accessories. These features include support for decentralized applications (dApps), access to DEX, and the ability to stick and convert cryptocurrencies that are not available in all digital currency wallets.

Many believe that the future of the Chinese blockchain belongs to decentralized applications. In the next step, the Chinese blockchain will move to various services after the revolution in economic and financial mechanisms.

A decentralized application is a program that runs on a blockchain platform and is not controlled by one person like a blockchain network. For example, the Twitter app runs on an organization-owned computer and is completely under the control of the organization and the development team.

There may be millions of users on one side of the main application, but an organization controls the application back. In contrast, the BitTorrent network, for example, is a network of different systems known as the P2P network. Members perform all the processes of sharing, sending, and receiving files.

Now suppose that the use of such applications is provided through a digital currency wallet.

Access to decentralized cryptocurrency exchanges (DEX) is another special feature that can be considered in choosing the best digital currency wallet.

One of the major problems of centralized exchanges is their dominance over users’ assets; Decentralized exchanges, however, were designed to prevent the exchange from accessing and dominating individuals’ assets, thereby increasing users’ confidence.

Another practical feature of a good digital currency wallet can be to stack digital currency (Staking).

The sticking process can be considered one way to earn money from the world of digital currency; Of course, this process may not directly generate financial income and allow the user to use certain services.

Like the traditional banking mechanism in which the account holder gives a sum of money to the bank and restricts his access to that amount to receive it in exchange for a period of interest, in digital currency, sticking the same interest is meant for the wallet holder. It becomes.

Also, the user can access decentralized application services by locking part of certain passwords in the digital currency wallet. Examples include the trust wallet Digital Currency Wallet, MyEthereumWallet, and MetaMaskMentioned that they provided access to these features to their members.

Two-step verification

Two-stage verification, or 2AF, has been among the top security innovations in recent years and is used on most platforms today. This feature allows the user to authenticate through a predefined means of communication after logging in to the wallet account.

Thus, if someone has the account password or accesses it through hacking, they must be re-authenticated to log in to the account. Most cryptocurrencies and exchanges send a verification code to the mobile phone to do the authentication process with confidence.

Multi-signature capability

The digital currency wallet with support for Multi-Signature capability is suitable for people who intend to use a cryptocurrency account as a partner. With such a cryptocurrency wallet, a group of business partners can ensure that access to the account balance will not be possible without their knowledge.

Multi-currency capability

Many cryptocurrency investors have several different cryptocurrencies, so having a digital currency wallet for several different cryptocurrencies is more widely used and more efficient than using a dedicated digital currency wallet for each cryptocurrency. This is especially important for those who are constantly working with their cryptocurrencies and have many exchanges in cryptocurrencies.

Support for multiple cryptocurrencies is a separation from converting cryptocurrencies to each other, and this possibility can be considered a competitive advantage between several digital currency wallets.

Scan the QR code

Support for QR code generation or scanning is another feature that becomes more important when extensively using a digital currency wallet. In particular, this feature is one of the main options in the digital currency wallet for mobile.

Copy

It is important to back up your digital currency wallet information; Because devices such as phones, laptops or desktops may damage at any time; Therefore, having a backup helps the user recover his digital assets in case of an accident with the device.

Comparison of digital currency wallet with digital currency exchange

The most important difference between a digital currency wallet and a digital currency exchange is their use. The cryptocurrency wallet is designed to store cryptocurrencies in a secure location. At the same time, the digital currency exchange (Crypto Exchange) is a platform on which Chinese blockchain investors operate and facilitate cryptocurrency transactions.

The user can buy and sell different cryptocurrencies in the digital currency exchange, convert their Fiat money into digital currency, and send transactions to the cryptocurrency wallet.

Another difference between digital currency wallets and digital currency exchanges is how they dominate digital assets. Although passwords can store in both of them, the amount of asset control on these two platforms is quite different.

The owner of a digital currency wallet has complete control over the use and transfer of his assets and can decide when and where to transfer the cryptocurrencies.

 In addition, it is the responsibility of Wallet’s owner to maintain all essential passwords and private keys.

Conversely, when digital assets are in an exchange account, or other words, in an exchange wallet, the management of part of the work is the responsibility of the exchange provider platform, and the user’s assets are entrusted to them as custody.

Looking at the cash machine to better understand the difference between a digital currency wallet and a digital currency exchange is not bad. When cash is in an individual’s pocket, he has complete control over the money; But when he saves the same money in a bank account, some control of the assets is transferred to the bank, and the person can not withdraw any amount at the moment.

In any case, keep in mind that using a digital currency wallet is safer than exchanges.

The issue of currency exchange insecurity accounts for a large part of the bad news in cryptocurrencies. The control of the assets is entirely in the hands of the owners of the exchange, and there is no serious guarantee that the owners of the exchange will suddenly close the exchange and run away with the assets of other people.

In addition, the activity of users in exchange offices and trading through intermediaries in many cases deprives them of participation in AirDrop events and obtaining free passwords.

Another important point to note is financial and economic sanctions; Therefore, using a digital currency exchange wallet can lead to the possibility of blocking assets for Iranian users.

The best digital currency wallet of 2021

Choosing the best digital currency wallet depends entirely on the needs of each person; Therefore, it is impossible to provide a definitive ranking in this regard; Because choosing the best Crypto wallet involves many factors and criteria. In the following, we will introduce some examples of the best digital currency wallets, regardless of the specific rank and order.

Trust Wallet digital currency wallet

Wallet Trust ( Trust Wallet ) purses digital converter software that supports multiple Crypto that all the functional features for trade-in Crypto·ha from the bought and sold currencies to the purchase and collection of NFT, the user. In other words, this digital currency wallet can also be considered a digital currency exchange.

Wallet Design Company, Six Days LLC, designed the wallet to provide the best digital currency wallet for Ethereum China Blockchain (ERC-20) tokens. Shortly afterward, Binance, the world’s largest cryptocurrency exchange, launched the digital wallet. Bought until today, this wallet has been able to occupy a stable position among the best Crypto wallets.

In addition to the ease of storing and participating in digital currency trading, the Trust Wallet Digital Currency Wallet also provides direct access to other decentralized applications offered on the China Blockchain platform.

The Trust Wallet digital currency wallet has a high level of security; Because even though it has all the capabilities of an exchange office, the account holder has complete control over his assets.

On the other hand, the private key to access the account is stored inside the user’s device, and there is no sign of it being stored on the server. This wallet is a digital currency software for smartphones and can be installed on Android and iOS platforms.

Be sure to install software portals from official portals and reputable websites to reduce the risk of exposure to phishing malware.

One of the important points for Iranian users is that the Trust Wallet application has not blocked Iran’s IP despite financial and economic sanctions. If this happens, because the account key private information is stored on the user’s device, worry about blocking the account.

Do not be; Because in case of blocking, you can change the IP of your digital currency account and transfer it to another account.

Exodus digital currency wallet

Exodus Wallet is one of the best digital currency wallets that can include in this list. The wallet started in 2015 with the introduction of PC-compatible software (Windows, Mac, and Linux) and, to date, has launched optimized and functional applications for Android and iOS platforms.

Exodus Wallet has an attractive user interface, making it more attractive for novices in the world of cryptocurrencies. In addition, in-app exchange capability is one of the advantages of this digital currency wallet.

Exodus Wallet covers more than 100 types of digital currencies.

Another positive thing about this wallet is its regular support services. No matter what day or hour you send a message to support, your voice will definitely hear, and your questions will be answered by professional support.

But the Exodus wallet has one major drawback: it is a Closed Source Wallet app. This is important because such an approach, contrary to the existing philosophy of China’s blockchain space and its decentralized nature, could raise concerns about its security level and potential security holes; Because app codes are not available for review, Exodus wallet users should rely on the app development team.

Exodus wallet has blocked the access of Iranian users; But this does not lead to the blocking of assets; Because private key information and asset backups are stored on the user’s device; Therefore, Exodus can use with IP change software.

Coinbase digital currency wallet

CoinBase first started as a digital currency exchange in the United States. However, Coinbase Digital Currency Wallet offers Android and iOS platforms software among the best digital currency wallets.

The Wallet Coinbase application has a simple and attractive user interface and is well synchronized with the company’s exchange.

The Coinbase digital currency wallet is in the category of software wallets and, unlike the Quinbis exchange, is not custodial. This stores the user’s private key information and digital assets on the device. Of course, it is possible to transfer assets between the exchange office and the digital currency wallet, and the user can easily transfer the required amounts between the two modes.

Electrum digital currency wallet

Electrum wallets are introduced as the most suitable sources for professional Bitcoin users. The birth of this digital currency wallet dates back to 2011 (2011), and only two years after the creation of Bitcoin, it started its activities and only supported Bitcoin. In other words, the Electrom wallet can be considered the best bitcoin digital currency wallet.

This wallet is provided for Windows, Linux, Mac platforms in the desktop version and Android platform in the mobile version. Also, some people introduce Electrom as the best bitcoin digital currency wallet for Android.

The Electrum wallet application is open source and has a very high level of security; It also offers special features that make it a great choice for business users.

Users of this digital currency wallet can set their own transaction fees.

In addition, it is possible to choose the type of address between Segwit and Legacy in this program.

On the other hand, it is up to the user to determine the level of security required by the user. For example, the user can choose whether his digital currency wallet has two-step verification or is created with a multi-signature function.

Finally, we emphasize that the e-wallet is suitable for professional users of blockchain and bitcoin, and if you are new, do not go for it.

Mycelium digital currency wallet

Mycelium Wallet is a Bitcoin cryptocurrency wallet that can only install on smartphones. This old digital wallet initially only supports bitcoin; But after a while, support for Ethereum and ERC-20 tokens adds, attracting more users.

Some experts can consider wallet Mycelium a newer version of Wallet Electrum, which offers differences such as the optimal user interface and the possibility of internal exchange. This wallet can only install on Android and iOS platforms, and the desktop version is not provided.

One of the interesting features of Mycelium Wallet is the ability to support a digital hardware wallet, which allows the user to store their digital assets in a cool (offline) digital currency wallet while using the Mycelium user interface.

Atomic Wallet digital currency wallet

Atomic Wallet is a multi-valued software digital wallet that supports Bitcoin, Ethereum, Litecoin and supports 300 other types of coins and tokens. Other features of Wallet Automatic Wallet include internal exchange and converting different currencies to each other. The whole process is done without leaving the wallet.

Wallet automatic wallet can also be classified as a cold wallet; Because account information and private key are not removed from the application in any way. In other words, the control and mastery of the account assets are the account holder’s sole responsibility.

At the beginning of the account creation process, this application provides a Seed Phrase consisting of 12 words to recover the wallet account. In fact, with the help of these 12 words, if you block access to an account on one device, you can recover your wallet balance on another device.

One of the most important subtleties of this digital currency wallet is its wide coverage in various operating systems. The Wallet Automatic development team has provided desktop applications installed on Windows, Mac OS X, Debian, Ubuntu, and even Fedora and applications compatible with Android and iOS platforms.

Blockchain digital currency wallet

Blockchain.com ( Blockchain.com ) is one of the best old digital currency wallets available on the web. Therefore, user information such as private keys and digital assets are stored on the website servers.

This issue, like coins, has two sides. A positive aspect that helps the user when the phone is lost or the application is deleted allows the recovery of digital assets; Of course, this feature is not useful for Iranian users, and Iranians can’t recover a lost account.

And a negative side will lead to the possibility of hacking the website or blocking digital assets, especially for Iranian users.

Of course, the Chinese blockchain wallet provider has assured users that private key information is stored encrypted on servers, and it is almost impossible to decrypt information even if malware or hackers enter the server.

Blockchain Digital Currency Wallet supports limited currencies and has also released Android and iOS apps for ease of use. But these applications are not available for Iranian users. This wallet is trendy all over the world and has 75 million active users.

Ledger Nano X digital currency hardware wallet

The title of the best digital currency hardware wallet can attribute to the Ledger Nano X wallet. This wallet is a product of the French company Ledger, which was established in 2014.

This hardware wallet connects to the Ledger app on a PC or smartphone via a USB and Bluetooth port. This product is the second generation of Ledger hardware wallets and has replaced the Ledger Nano S wallet in the market.

The Ledger Nano X hardware wallet connects to almost any device, including Android phones, iPhones, desktops, USB ports, and Bluetooth connectivity. This wallet supports 1,800 types of tokens and passwords.

The most popular digital currency hardware wallet, the Ledger Nano X wallet, has a dedicated app to make it easy to manage the user’s crypto account. Also, with the help of this application, a separate wallet can add to the device for each separate digital currency.

Due to their nature, Hardware wallets are in the category of cold (offline) wallets and have a very high level of security.

Hardware wallets are generally not suitable for everyday use and, as mentioned earlier, are suitable for investors who want to hold their cryptocurrencies for a long time.

Despite receiving CSPN certification, which indicates the first level of security, But the Ledger Nano X wallet is slightly more vulnerable than its predecessor, the Ledger Nano S, due to its Bluetooth connectivity.

Also, in July 2020 (Lajr 1399), Ledger Company was the target of severe attacks that led to the disclosure of customer information.

This information included details, telephone numbers, email addresses, and, in some cases, even addresses of customers’ residences; Fortunately, users’ private key information remained secure. However, the release of this news caused a great deal of concern.

Trezor Model T digital currency hardware wallet

The Trezor hardware wallet can also include in the list of the best digital currency wallets. Trezor has launched the second generation of its hardware wallets called the Trezor Model T.

The basic mechanism of this wallet is similar to the Ledger hardware wallet. Still, the Treasury Model T wallet allows users to access third-party exchanges such as Changelly and CoinSwitch directly on their website interface.

The Trezor Model T hardware wallet also features a small touch screen that makes it easy to work with.

On the other hand, the Treasury hardware wallet has a microSD memory input slot, which allows the user to use the microSD memory to encrypt the pin on the device and increase the layers of protection against possible attacks.

The Treasure Model T wallet also has the ability to connect to a smartphone and computer. This digital currency wallet supports 1,600 types of cryptocurrencies and tokens.

Some security experts believe that the Trezor Model T wallet is the most secure digital currency wallet. Its superiority over the Ledger Nano X is the possibility of Bluetooth connectivity of the Ledger wallet.

The price of this product is almost twice that of a Ledger wallet.

KeepKey digital currency hardware wallet

Hardware Wallet Kipki is the third-largest manufacturer of hardware wallets after Ledger and Treasury. This digital wallet is not as popular as its competitors; But by examining its capabilities, we can realize its competitive advantage over other products on the market.

 In terms of security, Kipuki wallet stores the user’s private key in a separate, offline environment to make it impossible to access.

This way, if the user’s computer is infected with malware and viruses, the account access information will protect from any misuse.

A PIN protects the way to enter a keypad, and when the PIN is inserted, the location of the virtual keyboard keys is changed randomly, so it is not easy for other people to guess.

However, Kipki Hardware Wallet does not support the 2-step verification process and multi-signature capability. Of course, the absence of any operating system in this hardware wallet makes it difficult to inject any virus or malware into it; Because it is not possible to install any software in it.

This wallet is far behind its competitors in supporting tokens and coins and only supports 56 coins and tokens.

CoolWallet Pro digital currency wallet

Cool Wallet Pro digital currency hardware wallet is a product of CoolbitX company, which is inspired by credit cards. This wallet is equipped with a display and a physical key to confirm transactions.

However, its size is well optimized, and it can carry in your pocket or another document bag. This digital currency hardware wallet also has a 15 mAh battery and covers an average of 2 transactions per day for up to two weeks.

This Crypto wallet has a plastic body and is resistant to water penetration.

In terms of data security, it should say that the Cole Wallet Pro wallet is in the category of digital currency wallets with HD security and supports BIP32 and BIP44 encryption standards.

On the other hand, it is possible to connect to the smartphone via Bluetooth with ease and with Bluetooth encryption with the AES256 algorithm. Before that, you need to install the CoolbitX Crypto application on the phone to take advantage of all its features.

Bitcoin Paper Wallet

Paper wallets are cold (offline) wallets, which are relatively secure by factoring in unexpected events such as burning or soaking.

In fact, it has been described as one of the best ways to store bitcoins for a long time; But today, the use of this method is considered obsolete.

A paper wallet is the same as a private key printed on paper and requires a lot of care.

Note that making a paper wallet often does not require the Internet, and once the page is fully loaded, you can disconnect from the Internet for added security. For example, visit bitaddress.org.

This open-source website, as we said, does not require the Internet and performs the steps of making a paper wallet offline.

After completing the account creation and writing 12 recovery words, it is possible to print a paper wallet. We recommend that you use a personal printer to print it so that the security of the account’s private key is not compromised.

To receive bitcoins, you only need to provide the bitcoin address to the people and spend the account balance, and you have to enter the private key in one of the bitcoin wallet software such as Electrum. Scan the key with the QR code through the smartphone.

Conclusion

Digital currency wallet is one of the most important tools in blockchain and cryptocurrencies and is especially important for people who want to invest and trade in cryptocurrencies.

For this reason, you need to be sensitive in choosing the best digital currency wallet. On the other hand, the use of digital currency wallets in Iran can jeopardize users’ assets. This causes our criteria for choosing a cryptocurrency wallet in Iran fundamentally different from someone living in Europe. In this article, we review the important criteria of a Crypto wallet and determine the list of the best wallets.

Another important issue when choosing a digital wallet is the focus on digital wallets.

Unlike China Blockchain technology, which is decentralized, digital currency wallets are centralized and managed by the development team.

With these interpretations, at the end of the article, you should be able to make the best choice based on your needs and the use of digital currency wallets; But do not forget that you do not need to use one wallet and you can have several digital currency wallets and use each one according to your needs.