Crypto Wallet: A Guide for a Right Choice
Nobody can predict the future. The Coronavirus pandemic proved that beyond the shadow of a doubt. None of the projections made were accurate, and people had to make the best of what they had. What this tells us, more than anything, is that preparation is rewarded in tough times, and tough times are coming again.
The pandemic has changed global economic systems for good. In light of everything that has happened, another recession could be hitting us soon. Finances are the backbone of any society, and you should diversify your investments with decentralized assets — cryptocurrencies, as you can to keep yourself free of risk.
To that end, you may have decided to get yourself a crypto wallet. That’s a good decision. However, do you know what goes into finding one that is good? Or, indeed, what should you look for in a crypto wallet? If not, then this article is for you. Before you delve into these specialized questions, though, let’s begin with something simpler: what is a crypto wallet?
Crypto Wallet: What It Is
A crypto wallet is a digital device where you store your crypto keys, which allow you to access your stored cryptocurrency. It also allows for sending and receiving cryptocurrencies to and from others. In essence, it’s like your own personal bank service that you carry around — which is why it is so important to find one that works for you.
Top 3 Things to Look for in a Crypto Wallet
Here is what every crypto wallet worth its salt should offer you:
- Security: This is the primary objective — security for your crypto assets. Choose a crypto wallet with a proven track record and favorable reviews. Since cryptos have no governing body, your wallet will be your one and only safeguard. Choose wisely.
- Limited KYC: KYC stands for Know Your Customer. This usually involves the recording of personal data. This is something you don’t want a lot of. You don’t want third parties to have access to your information, which might compromise its security.
- Decentralized service: If your wallet stores the necessary data in a decentralized manner — like a blockchain — then only you will have access to your keys and nobody else. This is greatly desirable and should be something you aim for.
It is primarily because crypto wallets do so much that you need to do your own research before you decide upon one. There are many to choose from, but you and your crypto assets deserve the best. And while we can’t tell you which is right for you, we can point you towards an e-wallet that ticks every single box and is easy to use!
A Secure Wallet by Grapherex
At heart, Grapherex is a messaging app aimed at fostering communication with your contacts — with some added benefits. Namely, it allows you to send and receive cryptocurrency with your contacts. Not only does it encrypt messages, but it also doubles as a P2P crypto exchanger and e-wallet! All your needs are met in one go!
If you want to avoid the needlessly complex workings of the usual crypto wallets, then Grapherex is the ideal choice. It simplifies every aspect of crypto exchanges for you. User-friendliness is among its selling points, and it supports a lot of cryptocurrencies, too! So far, this includes Bitcoin, Bitcoin Cash, Litecoin, Etherium, and Ripple.
Combining ease of use with comprehensive features, Grapherex is clearly the superior choice. It gives you everything you need while also making it easy for you to use it. If there is a better choice for a crypto wallet, then it hasn’t been made yet!
Stay tuned for our future updates — we always have something exciting in the works. And enjoy the Grapherex app!
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