Digital currency trading is one of the most trending topics in the world right now. The various forms of cryptocurrencies have grown in value with more people getting into cryptocurrency trading every day. When bitcoin was first introduced it was almost going for free and now the price has gone up like no one ever imagined.
One of the major reasons why cryptocurrencies are doing well is security in transactions. Digital currency trading is done using cryptocurrency wallets which offer security, privacy, reliability, and convenience. Because of all of these factors and the value of digital currencies, no one wants to be bypassed by this massive investment opportunity.
Before jumping into cryptocurrency trading, you should understand that the value of these currencies is highly volatile. It can skyrocket in one moment and the next time it is close to zero. Having that covered, you need a safe online cryptocurrency wallet for your transactions. Below are some of the best wallets.
If you are looking for the easiest platform where you can either hold digital currency or trade, then look no further. Coinbase is one of the best. You can link your U.S. bank account to this wallet, enabling you to deposit and withdraw money into or from your wallet easily.
Coinbase supports a lot of digital currencies ranging from Ethereum to Bitcoin and Litecoin. Soon you can start trading currencies like Ripple in bitcoin. The ease of using Coinbase makes it one of the best complemented security of transactions. You can safely trade here with no worries of someone hacking into your wallet.
Blockchain is the technology behind the existence of digital currencies and digital currency trading. It has been very successful in this sector that other sectors like financial services are considering using this technology. Blockchain is similar to Coinbase as it allows you to hold and buy or sell digital currencies. A big plus is that it exists in over 35 countries.
With the blockchain wallet, you can trade with various digital currencies like Bitcoin, Ethereum, and Stellar Lumens. You are required to complete a 3-step verification process to keep your account safe. Blockchain also offers a backup for your funds.
This platform was initially meant for stock trading but eventually expanded their operations to cover cryptocurrency trading and investments. You can now trade currencies like Bitcoin using this wallet. However, the biggest downside is that you cannot transact with a different cryptocurrency wallet.
This wallet comes in both mobile and desktop versions with the latter used by those mostly interested in stock trading. One of the reasons why Robinhood is a standout wallet is the cost of transactions. It costs absolutely nothing to transact with this wallet.
This wallet is only used in mobile phones with no desktop version available. It is so good that it was voted as the best mobile app in 2014 according to blockchain.info. Besides this, the app has been receiving a lot of positive reviews from the Google Play Store.
This app can be a little intimidating to less experienced users, but for advanced users, it is worth a try. It is a secure mobile application with its security labelled as bank-grade. If you are a private person, then this is your app as it provides anonymity.
So, there you have some of the safest online wallets you can use with your cryptocurrency. The choice is yours, but it will be guided by a number of factors like compatibility with other wallets.