When it comes to store your crypto, also comes with some knowledge and degree about the different kinds of them. You can find from online crypto wallets, hardware or paper wallets.
Let's start with the most common of them, the online crypto wallets:
- Online wallets.
This kind of wallet works like common apps for smartphone and they can be compared with a bank app and allow storage of Cryptocurrency.
They are already connected to Internet, and are more adequate to daily management of crypto and they are very useful and needs agility.
This wallet are not recommended to maintain more than you need on them, with the need to be always on internet connection are not much safer, and hackers can find breaches to steal the crypto on them.
Examples: Breadwallet (BRD), Mycelium, Electrum Exodus.
- Hardware Wallet.
This kind of wallets act more as electronic devices which work, with connection or without connection with Internet, the big difference between this and online is concerned with the private keys that are stored directly on the device and not exposed to the online universe.
They have a good security and are meant to store your crypto for long time, but they also have the non advantages as they are paid devices and are suggested to Investors with a good sum stored on them.
Examples: Ledger, Trezor, KeepKey
- Paper wallets.
The paper wallets are more easier are most secure than the others, this kind of wallets are composed by a public key and private generated by a computer with an offline connection.
After they created, they can be stored any place, included a piece of paper, and can also create a strong password. This are more secure because don't need to be online being impossible to the hackers stole the funds on it.
They are very secure but they need strong knowledge on them, and are not for daily routines, and are meant to investors who are interested to store crypto for long time.
It's up to the user choose which one suits better!
