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Where to store your crypto: Wallets provide diverse options for holders

  • 📰 Cointelegraph
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Custodial wallets may be easier to use, especially for newcomers to cryptocurrency, but they are more exposed to security breaches, censorship, fees and fraud.

Choosing a crypto wallet can be intimidating for newcomers. Which wallet is the easiest to use and the safest for storing digital assets?

Conversely, cold wallets are far more secure but more suited to storing crypto than actively using it. Users can also import an existing wallet using a saved JSON file with a private key. Hardware wallets like Trezor or Ledger can be connected to MetaMask, but this feature is available only on the browser version.SafePal S1 is a multicurrency hardware wallet that debuted in 2019. It was created with the support of crypto exchange Binance.

It can send, receive and store tokens on over 70 blockchains, including Ethereum, Solana, Binance Chain, BNB Smart Chain and more. The wallet also supports nonfungible tokens .

 

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