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10th Jan 2018, 09:55 AM #1
Crypto Wallets & Storage Guide
Introduction
Crypto currency and assets such as Bitcoin, Ethereum, and hundreds of other alt-coins, have become increasingly popular the past few years. Along with the rise in popularity comes a rise in theft. This thread is dedicated to an overview of storing and keeping your assets protected.
Key Terms to Understand
- Private Key - A randomly generated number. This key gives direct access to your assets.
- Public Key - a 2D point coordinate on an Elliptic Curve derived from a private key. This key is public, meaning people can see the amount on your private key but cannot access it.
- Mnemonic Phrase - In crypto terms, this is a group of words that generate a unique wallet phrase which gives you a human-readable list of words to back-up your wallet for recovery.
- Multisignature - Also called multi-sig. In terms of Wallets, multisig has one private key on your computer and typically one on your phone. A signature is required from both devices before a transaction is sent.
- Seed - A potentially-short value used as a seed to generate the master private key.
Different Variations of Wallets
- Cold Wallet - Refers to storing crypto offline (i.e, encrypted media, hardware wallet, HDD, USB, paper wallet). Most secure!
- Hot Wallet - A wallet connected to the internet in some way. These are less secure.
- Hardware Wallet - Also known as Hard Wallets, these Wallets safely store your private keys. Very secure.
- Mobile Wallet - May or may not control your private keys. Check if they control your keys before using! Also check if they are open-source.
- Web Wallet - Wallets that are managed by 3rd parties and control your private keys. Please note, MyEtherWallet (MEW) is not a web wallet as it is strictly client-sided.
EasyMoney Reviewed by EasyMoney on . Crypto Wallets & Storage Guide Introduction Crypto currency and assets such as Bitcoin, Ethereum, and hundreds of other alt-coins, have become increasingly popular the past few years. Along with the rise in popularity comes a rise in theft. This thread is dedicated to an overview of storing and keeping your assets protected. Key Terms to Understand Private Key - A randomly generated number. This key gives direct access to your assets. Public Key - a 2D point coordinate on an Elliptic Curve derived from a Rating: 5
- Private Key - A randomly generated number. This key gives direct access to your assets.
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10th Jan 2018, 09:56 AM #2
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10th Jan 2018, 09:56 AM #3
Hardware Wallets
- Coins supported: BTC, ETH, LTC other altcoins and tokens.
- Wallet Integrations: BitGo, Copay, Electrum, GreenBits, Mycelium, MyEtherWallet, Ledger Wallet Bitcoin, Ledger Wallet Ethereum, Ledger Wallet Ripple.
- Coins supported: BTC, ETH (+ All ERC-20 Tokens), ETC, LTC, ZEC, NMC, DOGE, DASH.
- Wallet Integrations: ArcBit, Blockonomics, Copay, Chrome Extension, Electrum (DASH + LTC), Etherwall, MultiBit HD, Mycelium, TREZOR Wallet, Sentinel.
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10th Jan 2018, 09:57 AM #4
Hot Wallets
- Coins supported: BTC, ETH
- Make sure to back up your wallet.
- Coins supported: BAT, QTUM, NEO, REP, DCR, BTC, DASH, EOS, LTC, ETH, GNT
- Make sure to back up your wallet.
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
- Make sure to back up your wallet.
- Coins supported: BTC
- Make sure to back up your wallet.
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
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10th Jan 2018, 09:57 AM #5
Web Wallets
- Coins supported: BTC, ETH
- Coins supported: BTC
- Via app or extension
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BTC
- Via app or extension
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
- Via app or extension
- Coins supported: BTC, ETH.
- Via app or extension
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10th Jan 2018, 09:57 AM #6
Mobile Wallets
- Coins supported: BTC
- Coins supported: BTC, ETH
- Coins supported: BTC
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BTC
- Coins supported: BTC
- Via app or extension
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
- Coins supported: BTC
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10th Jan 2018, 09:58 AM #7
Wallets by Security
- Coins supported: BTC
- Multisignature
- Coins supported: BTC
- Multisignature
- Coins supported: BTC, LTC, DOGE, NMC, ETH, DASH, + Shapeshift integration.
- Coins supported: BTC, ETH, LTC other altcoins and tokens.
- Coins supported: BTC, ETH (+ All ERC-20 Tokens), ETC, LTC, ZEC, NMC, DOGE, DASH.
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10th Jan 2018, 09:59 AM #8
Wallets by Ease of Use
- Coins supported: BTC
- Coins supported: BTC, ETH
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BTC
- Coins supported: BAT, QTUM, NEO, REP, DCR, BTC, DASH, EOS, LTC, ETH, GNT
- Make sure to back up your wallet.
- Coins supported: ETH, ETC, All Ether Tokens
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10th Jan 2018, 09:59 AM #9
Wallets by Coins
- Bitcoin
- Dash
- Ethereum
- ERC-20 Ether Tokens (All)
- Litecoin
- Monero
- Nem (XEM)
- NEO
- NXT
- Ripple
- Sia
- Stratis
- Waves
- ZCash
Don't see a wallet for your coin? Ask below or request one to be added to the list!
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