Wallets

Wallets

Central to all cryptocurrencies abliet mining or trading is the Wallet to be involved with Bitcoin / cryptocurrency, you’ll need to use a cryptocurrency wallet.

It is here wer all the hairy stuff happens so you have to research and choose well.

Some wallets are built for a single cryptocurrency others can do more than one coin.

Essentially a wallet is like your online bank account platform, your address is like your account number.

A Few important security tips here :

A) Don’t share your private keys

B) Get "TWO factor authentication " operational on your Wallet

C) Stay in the light :: Don't use small or suspect wallet providers

Types of cryptocurrency wallets

• Full Node Wallet
• Custodial Wallet
• Desktop Wallet (Most common)
• Mobile Wallet (From you Phone)
• Online Wallet (Web based )
• Software Wallet ( a basic name for the above)
• Hardware Wallet (built to hold cryptocurrency :: used a USB stick )
• Paper Wallet ( using a QR code for both your public and private key. allows you to both send and receive digital currency using a paper wallet. You can completely avoid storing digital data about your currency.
• Coin-specific Network-specific Universal / multi-asset / multi-coin

A few Wallets

• Best Overall: Coinbase.
• Best for Security: Trezor.
• Best for Desktop: Electrum.
• Best Online: Blockchain.info.
• Best for Free Buying and Selling: Robinhood.
• Best for Intuitive Desktop Use:
• Best for Mobile: Mycelium.

Just a piont of intrest Luno seems to be Bitmain (antpool ) choice of wallet, at leat here in South Africa, also the apt is readily avalibe on your android phone

Luno (formerly BitX) is a Bitcoin company headquartered in London, with operations in SA, Indonesia, Malaysia, Nigeria, Singapore, the UK and 35 other European countries. and has over two million users and has strong South African links.