It is also important to know that you can earn a small dividend (also called “Staking”) for holding VeChain Thor (VET). To fully understand this process, it is important that you have a basic understanding of VeChain wallets and the technology behind cryptocurrencies. We will therefore give you a short introduction to VeChain and tell you which wallets support VeChain Thor Staking.

The best VeChain hardware wallets in test

VeChain hardware wallets offer the best possible protection to store your VeChain Thor. You can also use a VeChain paper wallet. However, you have to note that the VET token will come into contact with the Internet when you want to send a transaction. Therefore the use of a hardware wallet is much more practical and safer than a paper wallet.

The private keys are stored on hardware wallets in a separate partition that is never connected to the Internet. This protects your private keys from hacker and phishing attacks. Even if your wallet is physically stolen, the thieves must overcome other security mechanisms. All VET hardware wallets presented below have the possibility to set up a PIN as well as to activate a 2-factor authentication. This way your VETs are additionally protected.

The only disadvantage of a hardware wallet is the acquisition cost, which in our opinion is worth every penny invested! You will regret not having bought a VET hardware wallet if your VETs are stolen. Until today there are no known cases where cryptocurrencies could be stolen from VeChain hardware wallet!

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X

We tested a total of 8 different VeChain hardware wallets and came to the conclusion that the Ledger Nano X is the best VeChain Thor hardware wallet. Compared to its predecessor, the Ledger Nano X has received many updates and has become even more secure. The biggest innovation is the Bluetooth function, so that the wallet can also be used as a mobile VeChain Thor wallet. Only non-critical data is transferred via Bluetooth. Both the private key and the recovery phrase are not transferred and are not connected to the Internet at any time.

In addition, the internal memory of the device has been expanded so that now up to 100 apps can be stored and used simultaneously. In addition, the display has been enlarged so that the address can now be checked without scrolling.

In order to participate in staking with your hardware wallet, you have to take a little detour. You must use the web wallet VeForge Vault. Here you have to log in with your ledger on the wallet. During this process, your private keys will continue to be kept offline.

Bottom line: The strong security and the new functions make the Nano X our test winner. Since the setup and operation of the wallet is very simple, it is also ideal for beginners.

2.Ledger Nano S

The Ledger Nano S is the predecessor of the Nano X and has been sold more than 1.3 million times worldwide. The sales figures reflect the strong safety and high quality of the Nano S. To date, there are no documented hacker attacks in which cryptocurrencies could be stolen. To participate with your Ledger Nano S in Staking, you have to use the web wallet VeForge Vault as already described for the Nano X.

We have owned the Ledger Nano S for several years and were completely satisfied with the wallet. Since the launch of the Nano X, the price for the Nano S has fallen significantly. In our opinion, the wallet offers the best price/performance ratio currently available.

The best VeChain Thor desktop and mobile wallets

VeChain Thor desktop and mobile wallets belong to the category of hot wallets because they are at least temporarily connected to the Internet. They offer the best possible protection if you are looking for a wallet that is free to use. Your private keys are not stored on an external server, but on your computer or smartphone, depending on which device you use. The biggest advantage of both types is that they are free to use and easy to deploy.

The VET wallets presented in the following differ in their functional scope and their degree of safety. Therefore we have again created a ranking of the best wallets. The ranking also includes multi-coin wallets that support VET and many other cryptocurrencies.

1.Sync Wallet

The VeChain Thor Sync Wallet was released shortly after the launch of the VeChain main network and is the official wallet of the VeChain Foundation. Your private keys are stored locally on your computer so that only you have access to them. The Wallet supports the VeChain Thor Staking. The VTHO tokens are “paid out” at regular intervals. Unfortunately it is not possible to set up a 2-factor authentication.

You should therefore make sure to install an up-to-date anti-virus program and keep it up to date. Furthermore, you should not save your password in a file on your PC, but write it down on a piece of paper and keep it in a safe place. You can export the keystore file so that you can use the wallet on another PC if your PC is broken or stolen.

The wallet is available for Windows, Linux and MacOS and can be downloaded from this link.

2.VeChain Thor mobiles Wallet

The VeChain Thor mobile wallet is the official wallet if you want to store your VET on a smartphone. It is available for both Android and iOS. The cryptocurrencies VET and VHTO are supported. The wallet also offers the possibility to set up a PIN or Touch ID/Face ID (if your smartphone supports this) and export the keystore file. With this file you can restore your wallet to another device.

Vechain specifically, the wallet also offers the opportunity to browse the Vechain dApp Store and try out the latest dApps from the developers. This function is more suitable for advanced users and those who are particularly interested. It also supports VTHO Staking, so that you receive your reward at regular intervals. This will be automatically transferred to your wallet.

You can download the wallet from the official website.

3.Atomic Wallet

In addition to VET, the Atomic Wallet supports more than 300 different cryptocurrencies. It is offered by the founder of the platform Changelly.com and is constantly developed further. Within the crypto community the wallet has built up a very good reputation because it has numerous helpful and good functions. In particular, the developers of the wallet have specialized in three core requirements of cryptocurrencies:

• security,
• anonymity and
• decentralization.

In accordance with these requirements, your private keys will be stored locally on your computer or smartphone. No personal information is required to use the Wallet. You can also download the software free of charge from the provider. With regard to decentralization, the wallet supports so-called Atomic Swaps.

This allows cryptocurrencies to be exchanged peer-to-peer without having to use a third-party provider such as a exchange. However, this function is not yet available for all cryptocurrencies. As an alternative, the Changelly and ShapeShift services are offered, which, however, cost between 2 and 5 percent depending on the cryptocurrency.

It is also important to know that the Atomic Wallet supports VeChain Thor Staking so that you get a small return on holding VET. The Wallet can be downloaded as a desktop version for your computer or as an app for your mobile phone for iOS and Android. It is available on the official website (click) for Windows, Mac, Ubuntu, Debian and Fedora.

4.Coinomi Wallet

The VeChain Thor Wallet supports more than 275 different cryptocurrencies, including VET, so you can manage multiple digital currencies. Coinomi offers both a desktop and a mobile version, so you can decide which device you want to use. With both versions, your private keys are stored locally on your device.

Furthermore, Coinomi attaches great importance to your privacy. Therefore your IP address and all other sensitive data will be transmitted encrypted and never stored on a server. The wallet is also connected to the Coinomi exchange of the same name. This has the advantage that you can directly buy, sell or exchange your VET for other cryptocurrencies. You don’t have to take a detour, but can use these functions directly from the wallet. The Coinomi wallet also supports VET Staking. For this you simply have to keep VET on the wallet. Coinomi then distributes the VTHO at regular intervals.

All in all, the wallet has good security, but unfortunately no 2-factor authentication yet, which is our only point of criticism. You can download the wallet on the official website (click now!).

The best online wallets for VeChain Thor

1.VeForge Vault web wallet

The VeForge Vault is a web wallet that allows Ledger hardware wallet users to store their VeChain Thor (VET) and VeThor Token (VTHO) with their hardware wallet and keep their private keys offline. The VeForge Vault passively generates VTHO by staking for the VeChain owner and then uses it for transaction fees.

The wallet also enables VeChain nodes to be hosted when sufficient VETs are available (approximately 10 to 25 million VETs are required. This corresponds tojust under $1,000). VeChain-based tokens such as OceanEx, VET+, Plair, SafeHaven and DecentBet are also supported by the VeForge Vault.

The web wallet can be used either with the Ledger Nano X, the Ledger Nano S, the browser extension Comet or the Sync desktop Wallet. The safest option is to use a VET hardware wallet, as the private keys never come into contact with the Internet. Accordingly, we also recommend that you synchronize the VeForge Vault with the Nano X or Nano S Ledger. This gives you the best possible protection for your VET!

The website also offers the possibility to use VerForge Explorer. With this explorer you can retrieve transaction data, accounts and some more information. The wallet can be reached via the official website (click here!).

2.Binance Wallet

Binance is one of the world’s largest and most secure cryptocurrency exchanges and supports VET and more than 150 different cryptocurrencies. Registration on the exchange is free, quick and easy. All you need to do is create an account and confirm your email address. After that you can already use all functions of the exchange. Without verifying your identity, you can store VET on Binance free of charge and deposit and withdraw cryptocurrencies worth up to 2 Bitcoins. If you want to trade a higher amount in Bitcoin or other coins, you have to verify yourself.

Binance is considered safe and reliable in the area of VET storage. Nevertheless, Binance was the victim of a hack in May 2019, in which more than 7,000 BTC were stolen. Binance has compensated all users completely from its own financial resources. However, you shouldn’t rely on it in an emergency. You should only store your VET on Binance as long as you actively trade.

It is important to know that when you deposit VET on Binance, you automatically participate in staking. Binance distributes the saved VTHO at regular intervals. You can create an account on Binance by clicking on this link (click!*).

3.Coinomi Online Wallet

The Coinomi Wallet can be used both as a desktop version and as a pure online wallet. It supports the same cryptocurrencies as the desktop version. The big difference is in a more simple setup. All you have to do is create an account and you can immediately deposit your VET to the online wallet. The online wallet supports 275 different cryptocurrencies, including VET. Another good thing is that Coinomi supports VeChain Thor Staking, so you automatically get rewards for holding VET.

Please note, however, that you have to hand over the responsibility for managing your private keys to the exchange and trust them completely. Although there are no known hacker attacks on Coinomi, exchanges are a popular target for thieves on the World Wide Web. You can create an account on the official website (click now!).

Additional information on the VeChain Thor wallet review

After countless VeChain Wallet tests and hours of research we have compiled the collected information of our report. Nevertheless, you should try some VET Wallets yourself to get a feel for which VeChain Thor wallet is best for you.

If you have questions or suggestions about our VET wallet report, please leave a comment. If our manual has helped you, please rate our site positively by clicking on the stars.

Der Beitrag Review: The best VeChain wallets for VET in 2019 erschien zuerst auf Crypto News Flash.

In addition to the theoretical introduction to the topic, we would like to give you two practical recommendations:

The best Ravencoin hardware wallets

Hardware wallets are the safest option to store Ravencoin’s private key! According to the terminology of a cold wallet, the hardware wallets store the private keys offline. This means that the private keys themselves never connect to the Internet during the execution and confirmation of a transaction.

This is realized by the fact that the operating systems of the hardware wallets are designed in such a way that only “non-critical” components go online to retrieve and receive the data from the blockchain. This security mechanism means that hackers have virtually no chance of accessing the private key.

The best hardware wallets are also protected against “analog” theft. If a thief steals the device, they offer both PIN and 2-factor authentication protection. This means that the Ravencoin is well protected even in the event of physical theft. The only “real” disadvantage of hardware wallets is that they are not free. In addition, however, the advantages clearly outweigh the disadvantages:

Below we present the two best hardware wallets for Ravencoin. This is only a Top-2, since there is currently no other manufacturer of hardware wallets than SatoshiLabs (Trezor) that supports Ravencoin. Ledger is currently working on the implementation of RVN, but was not finished at the time of writing. You can follow the current processing status here (click!).

1.Trezor Model T

The Trezor Model T was launched May 2019 and replaced the Trezor One. The new flagship of SatoshiLabs offers numerous new functions and a larger number of supported cryptocurrencies. Together with the Ledger Nano X, the Trezor Model T is one of the best hardware wallets on the market. The new features include:

• Touchscreen: A new feature is a touch screen which must be used to release the transactions on the device.
• Firmware Upgrade: Trezor Core has been improved for security reasons.
• More powerful processor: The processor is significantly faster than its predecessor, making operation even smoother.
• Card slot for Micro-SD: New is also a Micro-SD card slot, which can be used for data encryption.
• USB-C port: The “old” USB port has been replaced by a new USB-C port.

Ravencoin can be managed via the third-party software, the Mango Wallet, via the two Trezor hardware wallets.

2.Trezor One

The Trezor One (formerly only Trezor) is probably the best known Ravencoin hardware wallet on the market because it was also the first hardware wallet. The wallet was first published in 2014 by SatoshiLabs, a company based in the Czech Republic. SatoshiLabs claims that its hardware wallet is the most trusted and secure way to store your Bitcoins. More than a million Trezor One buyers have already believed this promise.

The best desktop and mobile wallets for Ravencoin

Desktop and mobile wallets are among the hot wallets and are programs that are installed on a computer or smartphone. The private keys are usually stored encrypted on the device (in a separate file) so that the user interface, the wallet, can access them and sign and release a transaction with them.

In contrast to hardware wallets, they have the disadvantage that the private keys are stored on a device that is at least temporarily connected to the Internet. However, it is also important to mention that the private keys are “at least” stored on your own computer and not on a company server, such as an exchange wallet. Thus, only the user of the Wallet and no third party, not even the developers, has access to the Ravencoin.

This makes the security of the desktop and mobile wallets considerably higher than that of an exchange wallet. However, this advantage also entails a great deal of responsibility. Since the private keys are stored on the user’s own computer or smartphone (encrypted), the user himself is responsible for protecting the private keys from hackers using anti-virus and anti-spyware software. All in all, however, desktop and mobile wallets offer the highest security standard among the free wallets.

1.Official Ravencoin desktop wallet

The best and mostly safest option for a free wallet are the official wallets of the developers of the cryptocurrency. This is also the case with Ravencoin. The official RVN Wallet is our first choice available for Windows, Linux or Mac OS. It is important to know that this is a full node wallet that downloads the entire blockchain.

Especially for newcomers and occasional users this is probably a considerable disadvantage, because not only the entire blockchain has to be downloaded, but also a continuous synchronization is necessary. At the time of writing, Ravencoin recommended at least 8 GB of free memory, which will increase over time.

A big advantage of the wallet, on the other hand, is its safety. As it is the official wallet of Ravencoin, users can be sure that the code of the wallet will be constantly developed further. Furthermore, the private key is stored exclusively on the desktop PC in encrypted form. In addition, the wallet will always support the latest Ravencoin features. In the event that the computer is defective or the wallet is to be installed on another device, a backup seed can be created.

To download the wallet you can visit the official website of Ravencoin.

2.Mobile wallet for Ravencoin

The same technical descriptions that apply to the Desktop Wallet also apply to the mobile version of the Wallet. However, there is an advantage. The mobile Ravencoin Wallet is a “Light Client”. This means that in contrast to the desktop wallet, the entire blockchain does not have to be downloaded and continuously updated (which would be technically difficult with a smartphone).

However, the mobile version of the official Ravencoin Wallet can also offer the same high level of security. Updates for the mobile Ravencoin Wallet will also be published regularly by the developers of Ravencoin. In addition, the private keys are stored exclusively on the smartphone, for which a backup can also be created.

In addition, the Wallet App can be protected with a PIN to protect it in the event of physical theft. It is worth mentioning that the app was financed by Medici Ventures, a venture capital division of Overstock.com. It can be downloaded from the App Store or Google Play Store.

3.Trust Wallet

The Trust Wallet is a Multi-Coin-Wallet especially developed for Smartphones (iOS and Android), which is developed by a company called Six Days LLC (US Office). It supports 42 cryptocurrencies and over 2,000 different ERC20 tokens. The name of the wallet (“Trust”) should already indicate the focus of the wallet on which the developers have placed their focus: Security and anonymity.

According to these requirements, the Trust Wallet was audited by the security company Stateful. In addition, the wallet operates in a server-free environment so that each wallet is installed locally and the private keys are stored locally only. This means that neither the developers nor third parties have access to the private key. In addition, the Trust Wallet can convince with the following additional features:

• Integration of a decentralized exchange: The wallet has integrated the decentralized exchange of the Kyber Network.
• Use of FaceID and TouchID: In addition to the classic authentication methods, FaceID and TouchID can also be used to protect the wallet.
• Real-time portfolio: View the entire crypto portfolio and its value in real time
• Push notifications: Push messages can be activated to be informed about transactions.

The download links can be found on the Trust Wallet’s official website.

4.Edge Wallet

The Edge Wallet is also a mobile wallet available for Android and iOS. In addition to Ravencoin, it can manage 23 other cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Monero and Dash. A special feature, which sets the wallet apart from other competitors, is the possibility to transfer US-Dollar and Euro to the wallet and buy Ravencoin.

In addition, it has a good safety standard. This allows 2-factor authentication, a PIN and a Touch ID to be set up to protect the account. Very practical for owners of several smartphones is also that the wallet can be used from several end devices. This is possible because the private keys are not stored on the user’s device.

According to Edge developers, storing the user’s private key leads to a security vulnerability because malicious applications with access to the device’s memory can easily access the private key. To further increase security, the Edge Wallet stores the user’s password on a corporate server using a CPU- and memory-intensive algorithm (Scrypt) in the form of a pseudo-random number.

To download the wallet you can visit the official website of the Edge Wallet (click!).

5.Exodus Wallet

The Exodus Wallet is a popular Multi coin wallet that can manage more than 100 cryptocurrencies. It is one of the oldest Multi coin wallets on the market and was released in July 2016. The wallet comprises three main components: the multi-join wallet, a portfolio tracker (in 30 Fiat currencies) and ShapeShift as a cryptocurrency exchange platform.

The security and anonymity of the wallet is basically good. The private keys are stored exclusively locally and encrypted on the user’s computer. No personal data will be requested before the download. Nevertheless, we have two criticisms of the Exodus Wallet:

• Backup function via e-mail: Sending the backup by e-mail is potentially unsafe.
• No 2-factor authentication (2FA): Since there is no 2FA, hackers “only” need to crack the password via the e-mail and then have full access to the wallet.

If these are not K.O. criteria for you, you can follow the following link, which will take you directly to the official website of the Wallet (click here!). The Wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available from the App Store.

Further wallet options for Ravencoin

1.Pocket Raven – Web wallet

The Pocket Raven is the official web wallet of Ravencoin. It offers the advantage that it is set up super fast and does not require the user to install regular updates (like a desktop or mobile wallet). In order to create the wallet, it is sufficient to assign a user name and a password. So it is a very simple option to use a Ravencoin wallet.

In contrast to other online wallets, the private keys are not stored on a corporate server. According to the Pocket Raven website, the developers of the wallet never “see or store” the private keys. In addition, the CloudFare service uses Full SSL and, according to its own statements, logs almost nothing (only the accesses, but not the IP addresses).

The weak point for the security of the Pocket Raven Wallet is the user’s computer. The private keys are stored in the user’s browser. Accordingly, it is the user’s responsibility to ensure that there is no malware on the PC that reads the keys from the browser session or from the cache. It is also the responsibility of the user to keep the private key in a safe place as there is no guarantee that Pocket Raven will be available forever.

You can access the wallet via the following link (click here!).

2.Ravencoin paper wallet

The Ravencoin Paper Wallet is also advertised on the official Ravencoin website and is an open source project available on GitHub. By moving the mouse or entering a random text, the private and public keys are generated. Once generated, the two keys (and their respective QR codes) can be printed out and should be kept in a secure place in multiple copies.

The Paper Wallet is an extremely secure way to store Ravencoin, as the private key is stored offline. However, you should be aware that using a paper wallet only makes sense if you do not want to send the Ravencoin (RVN) for a long time. To send RVN to another wallet, e.g. Pocket Raven, is necessary. Afterwards you should always recreate the paper wallet (because there was a connection to the internet).

When creating the keys for the Ravencoin paper you should also pay attention:

1. Always generate the keys offline. This is possible by disconnecting the internet connection or downloading the wallet file from GitHub and running it offline.
2. Once you have created the keys, you should make several prints and keep them in different places. In addition, you should not store the data on a computer, because they are unencrypted and therefore easy to steal.

3.Exchange wallets

The most commonly used type of wallet is probably the exchange wallet. They offer the great advantage that users can trade cryptocurrencies without any detours. Despite this considerable advantage, we do not consider them suitable for the long-term storage of Ravencoin, as they have some serious disadvantages.

The biggest disadvantage is that the private keys come into the possession of the cryptocurrency exchange. As a result, users must be confident that the exchangeswill store their private keys securely and protect them from hacker attacks in the best possible way. However, as numerous successful hacker attacks in the past have shown, cryptocurrency exchanges do not always succeed. Even Binance was hacked in May 2019, with 7,000 BTC being stolen.

That is why exchange wallets are by far the most insecure way to store cryptocurrencies. You should therefore only store your Ravencoin on a cryptocurrency exchange as long as you trade. In addition, you should only choose established exchanges and brokers such as Binance, Coinbase, CEX or the European brokers Litebit and Coinmerce.

Further important information about the Ravencoin Wallet Test

The information in this article has been compiled by us to the best of our knowledge and experience. However, despite all efforts, you should always gather further information and test different wallets to find the best wallet for you.

If you have any questions or suggestions regarding our Ravencoin wallet review, please feel free to leave us a comment. We’ll be glad to help you! Besides, we’d appreciate it if you’d give us a positive evaluation.

Der Beitrag The best Ravencoin wallets tested – Review and guide erschien zuerst auf Crypto News Flash.

In the following article, we will explain all this and much more in more detail by presenting the best DASH hardware wallets, desktop wallets, mobile wallets, web wallets and paper wallets. In order to be able to use the respective wallets to their full extent, however, you should first have a basic understanding of the technology. Therefore we want to give you a short theoretical introduction to the topic in advance.

The best DASH hardware wallets put to the test

DASH hardware wallets offer the best possible protection to keep your DASH coins safe. You can also use a paper wallet to get offline protection. To send Dash, however, you must use a hot wallet. Your private keys will then be temporarily in contact with the Internet, which is why the paper wallet should be recreated afterwards. Hardware wallets, with which you can also carry out transactions, are much more practical. Thus they offer the crucial advantage that your private keys never come in connection with the Internet.

The private keys are stored in a separate partition of the hardware wallet. This makes it almost impossible for hackers to steal the private keys and gain access to the wallet. Even if your DASH hardware wallet is stolen, there are other security measures that need to be overcome first (unlike the paper wallet). All hardware wallets presented below offer the option of setting up a PIN and 2-factor authentication. It is therefore very well protected even in the event of theft.

A hardware wallet costs a little money. However, in our opinion, the investment is worth a lot. You’ll be upset if you don’t buy a hardware wallet if your DASHs are stolen. The following overview shows you an overview of the advantages and disadvantages of DASH hardware wallets:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X – the best DASH hardware wallet

We have tested more than 8 different DASH hardware wallets and found the Ledger Nano X to be the test winner: The Nano X is the successor of the Ledger Nano S. Compared to its predecessor, the Nano X has been given some new features and functions by the manufacturer. For example, the Nano X has a Bluetooth function, which means that the wallet can also be used as a mobile DASH wallet.

In addition, the internal memory of the device has been increased, allowing more than 100 different cryptocurrency apps to be installed simultaneously. In addition, the display of the Nano X has also been enlarged so that wallet addresses can now be displayed completely without scrolling.

Bottom line: The new features as well as the strong security make the Nano X the best DASH wallet available on the market today. Setup and operation are kept very simple, making it also ideal for beginners.

2.Ledger Nano S

The Ledger Nano S is the predecessor of the Ledger Nano X and costs only 59 Euro (at the time of writing). However, it offers a similar safety standard as the Nano X. To date, there are no documented hacker attacks in which cryptocurrencies could be stolen. Overall, the NANO S offers a fantastic price-performance ratio and is also ideal for beginners. If you don’t want to spend so much money on the Nano X, then the Nano S is the perfect DASH hardware wallet for you.

3.Trezor Model T

The Trezor Model T is a direct competitor of the Ledger Nano X and the successor of the Trezor One. It has many new features, such as a new color touch display and an improved security chip. Furthermore, significantly more cryptocurrencies are supported, including DASH.

In addition, the software provided by Trezor, Trezor Bridge, has been revised. In addition, the user interface is now even easier and more intuitive to use. In contrast to other cryptocurrencies, DASH can be managed directly via the software without the need for third-party software. Overall, the Trezor Model T has the following new functions:

• Touchscreen: The Trezor Model T has been equipped with a 4 inch color touch display. It reacts immediately to touch and feels high-quality.
• Firmware update: Trezor Bridge now supports significantly more cryptocurrencies. In addition, both the user interface and security have been further improved.
• New security chip: The Model T has a new processor that is faster than its predecessor and provides smoother operation.
• Micro SD card slot: By using an SD card, the data can be encrypted.
• USB-C port: The old USB port has been replaced by the new USB-C industry standard.

Conclusion: The Trezor Model T is one of the best DASH hardware wallets currently available on the market. In our opinion, the new functions as well as the high security standard justify the comparatively high price of 180 Euros.

The best DASH desktop and mobile wallets

Both mobile and desktop wallets belong to the category of hot wallets, as devices which are in connection with the Internet are used to manage the cryptocurrencies. After the hardware wallets, they offer the highest protection for DASH. Compared to web wallets, they offer a higher level of protection, as the private keys are not stored on a company server, but on the user’s PC or smartphone.

However, the wallets presented in this section differ once again in terms of security and functionality. In addition, there are so-called multi-coin wallets that support not only DASH, but many other cryptocurrencies. Furthermore, all the desktop and mobile wallets presented here have one thing in common: they are free of charge and can be set up quickly and easily. 

1.DASH Core Wallet

The DASH Core Wallet is published by the official developers of DASH. As a result, it is not only very safe, but also has many features that set it apart from multi-coin wallets. The wallet supports the following functions:

• PrivateSend
• InstaSend
• Governance, Masternode and some other management functions.

PrivateSend allows you to send anonymous transactions. PrivateSend uses coin mixing to mix the different inputs of one user with those of two other users without the Dash leaving its own wallet.

InstaSend enables the user to send a transaction immediately, completely without waiting time. Dash wants to compete with transaction systems such as credit cards in a matter of seconds without having to rely on a central authority. The technical basis for this are the Masternodes, which can call a quorum to confirm that a transaction is valid. If the transaction is valid, the Masternodes “lock” the inputs of the transaction and pass this information on to the network. This ensures that the transaction is entered in the next block.

Despite these advantages, the Dash Core Wallet also has a big disadvantage. The wallet is a full-node wallet requires that the entire DASH blockchain is downloaded (well over 10 GB). In addition, the wallet must be continuously synchronized with the blockchain. Accordingly, you need enough memory and computing power to run the wallet.

Bottom line: With PrivateSend and InstandSend, the DASH Core wallet offers two very powerful functions. However, you must be aware that it is a full node wallet! Therefore it is our top recommendation for you if you are technically well equipped and want to actively participate in the Dash ecosystem. Otherwise, there are more user-friendly wallets, which we will introduce you to below.

You can download the wallet from the official website (click here!).

2.Dash Wallet Android / iOS

In addition to the Dash Core Wallet, the developers of the cryptocurrency also offer a standalone wallet for Android and iOS. Both versions support various Dash specific functions, including contact management and InstandSend. However, both versions do not offer support for PrivateSend. In return, they offer the advantage (compared to the Core Wallet) that it is a light client that does not require the download of the entire blockchain.

A further function of the Dash Android and iOS wallet is the possibility to scan QR codes and with that enabling faster transactions. Otherwise, the wallet can be backed up and restored, you can pay with it by NFC and a paper wallet can be imported. It is also important to know that the Dash Android and iOS wallets do not require registration and do not use a web service or cloud service. The wallet is decentralized and peer-to-peer.

3.Atomic Wallet

The Atomic wallet belongs to the multi coin wallets and supports DASH and 300 other cryptocurrencies. It is developed and offered for download by the founder of the platform changelly.com. One more reason for the popularity of the wallet is that it concentrates on three core requirements of the crypto market:

• security,
• anonymity and
• decentralization.

According to these requirements, your private keys are stored locally on your smartphone or desktop PC. There is no registration before the download. In addition, no indication of personal data is necessary. The wallet realizes decentralization by supporting Atomic swaps. This allows users of the wallet to exchange cryptocurrencies peer-to-peer without a third party acting as an intermediary (exchange). However, Atomic swaps are not supported for all cryptocurrencies. For those, the service of Changelly or ShapeShift can be used.

Important: The Atomic wallet supports neither InstaSend nor PrivateSend! You can download the wallet on the official website (click) for Windows, Mac, Ubuntu, Debian and Fedora.

4.Jaxx Liberty Wallet

The Jaxx Liberty wallet can manage more than 80 different cryptocurrencies, including DASH. The wallet was developed by the company of Anthony Di Iorio, a co-founder of Ethereum, and is updated regularly. The wallet does not only have a prominent developer, but also a lot of helpful functions:

• latest news,
• current market data and
• a multi blockchain explorer

In addition, the security of the wallet can be rated as very good. Your private keys are stored locally on your PC or smartphone. No one but yourself has access to your private keys. You can also create a backup that can be used for recovery. This is useful if you lose or break your PC or mobile phone. There is also much praised customer support that can be contacted 24 hours a day.

Important: The Jaxx Liberty wallet supports neither InstaSend nor PrivateSend!  You can download the wallet from the official website (click this link!).

5.Coinomi Wallet

The Coinomi Wallet is a multi coin wallet that supports more than 275 cryptocurrencies besides DASH. The wallet can be downloaded as desktop or mobile version for iOS and Android. The use of the wallet is completely free of charge. It is also praiseworthy that Coinomi attaches great importance to a high level of user privacy.

So both your private keys and your transaction data are only stored locally on your PC or smartphone. A special feature is that your IP address is encrypted and is not stored on an external server. Another feature of the wallet is the connection to the cryptocurrency exchange Coinomi. This allows you to buy and sell all cryptocurrencies directly from the wallet without going through another exchange. Nevertheless, we also have one point of criticism to make: It is not possible to set up two-factor authentication.

Furthermore the Coinomi wallet does not support InstaSend nor PrivateSend! You can download the wallet from the official website (click on this link).

The best online wallets for Dash

Dash online wallets are very popular because they do not require an installation, only a registration to set them up. In addition, they offer the advantage that the user interface is normally simple and clearly laid out.

It is important to know that there are basically two different types of online wallets: Exchange wallets and DASH specific online wallets. All known cryptocurrency exchanges such as Binance, Coinbase or eToro are online wallets, as you can store Dash and other cryptocurrencies on them by setting up an account. The main advantage is that an account can be set up without major problems and detours. You can also set up additional security features, such as 2-factor authentication.

However, be aware that you are surrendering control over your private keys. You have access to your DASH with your password, but you have to trust the exchange completely regarding the storage of the privacy key. Since cryptocurrency exchanges were popular targets for hackers, we recommend that you keep your DASH on an exchange wallet only as long as you actively trade it.

1.My Dash Wallet

The My Dash wallet is a web interface that gives you direct access to the Dash blockchain. The setup is quick and easy as only an account, username and password are required. The wallet was developed by DeltaEngine.net and allows full control over your own private keys. These are not stored on an external server (as with other online wallets).

It is also pleasing that the My Dash wallet supports the functions InstantSend and PrivateSend. As an online wallet, it is also compatible with Trezor’s and Ledger’s hardware wallets and allows you to create a local Key Store wallet Dash.

To set up the wallet online, you should visit the official website at this link.

2.Guarda web wallet

The Guarda wallet is a multi-coin wallet that supports over 50 different cryptocurrencies, including Dash. The Guarda Dash wallet can be used as web wallet, desktop wallet, mobile wallet and as Google Chrome extension. Depending on how important your safety is to you, you can choose the wallet that suits you best. The desktop or mobile Dash wallet offers you the greatest security.

To set up the web Wallet, all you need to do is create an account and log in. This is enough to manage your DASH. However, you do not have access to your private keys, but must trust the provider blindly. The security of the wallet can therefore be classified as medium (in the web wallet version!).

You can create an account on the official website and immediately manage your dash (click here!).

3.Litebit Dash web wallet

Litebit is a exchange from the Netherlands that offers a web wallet for Dash as well as direct trading, buying and selling of Dash. The trading platform is clearly structured and an account can be set up quickly and easily. Litebit also offers the possibility to set up the 2-factor authentication and thus additionally secure your account.

Nevertheless, when using the Dash web wallet, be aware that you do not have access to your private keys, but delegate management to the exchange. You have to trust the exchange completely with that. To date, there are no known hacker attacks in which they were able to steal cryptocurrencies. Nevertheless, always remember that there is a real risk.

You can register an account here under this link*.

4.Binance Wallet

Binance is one of the most secure cryptocurrency exchanges in the world. Binance offers trading and storage of Dash and over 150 other cryptocurrencies. There is no charge for storing Dash. Furthermore the trading fees are low. Registration is quick and easy. It is pleasing that no personal data must be applied. Only if you want to buy Dash or other altcoins by credit card, you have to reveal more information about yourself. Otherwise there is a daily deposit and withdrawal limit of 2 Bitcoin.

Binance is generally regarded as one of the best and safest exchanges in the world. Nevertheless, the exchange was hacked in May 2019 where hackers stole a total of 7,000 BTC. At the time, Binance compensated all users from its own financial resources. Still, you shouldn’t count on that. We therefore recommend that you only store your Dash on Binance as long as you actively use it.

If you would like to set up an account with Binance, you can do so via this link* (click!).

Additional information about our test of the Dash wallets

We have compiled the available information in this article based on our own experience and hours of research. However, you should try different Dash wallets to find the perfect one for you.

If you have any questions or criticism about our Dash review, please leave us a comment. We’ll be glad to help you. If the contribution has helped you, please rate our article positively by clicking on the stars.

Der Beitrag Dash wallet review 2019: The best DASH wallets in comparison erschien zuerst auf Crypto News Flash.

At the beginning, however, it is important that you have a basic understanding of the technology and cryptocurrencies. That’s why we want to give you a little technical introduction to the topic, so that you not only know how to use the wallet, but also understand the technology behind it.

The best NEO hardware wallets put to the test

Hardware wallets offer you the best protection for your NEO. They have the highest security standard and start at a price of only 60 euros. Due to the technical architecture of the hardware wallets, the private keys are stored in a partition of the wallet that never comes into contact with the Internet. This protects your private keys very effectively against hackers and phishing attacks.

Another good way to protect your NEO is to use a NEO Paper Wallet. This means that you print your NEO address, private key and other important data on a piece of paper and keep it in a safe place. This option is especially recommended if you don’t want to access your NEO for a long time.

Hardware wallets, on the other hand, are much more practical and offer you not only protection against hackers, but also against physical theft. Every NEO hardware wallet we present below offers you the possibility to protect your wallet with a password, a PIN and 2-factor authentication. In case of theft, your wallet is much better protected by these security measures than a paper wallet.

In our opinion every crypto investor should use a hardware wallet to best protect his NEO investment. In the following, we have compiled an overview of the advantages and disadvantages of hardware wallets.

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.The test winner: Ledger Nano X

We have tested more than 8 different hardware wallets extensively and introduce you to our test winner, the Ledger Nano X. The wallet is the successor of the Nano S and was introduced in May 2019. The biggest innovation is the built-in Bluetooth function, whereby the Nano X can be used like a mobile wallet with the security of a hardware wallet.

In addition, the manufacturer has implemented a new security chip that makes the wallet even safer. The display has become larger, so that addresses of cryptocurrencies can now be viewed completely on the small screen without scrolling. This makes it much easier to read the wallet address and approve a transaction.

Bottom line: Currently, the Ledger Nano X is the best NEO hardware wallet available on the market. The new features and the strong price turns it into our test winner.

2.Ledger Nano S

The Ledger Nano S is one of the oldest and most sold (1.3 million copies) hardware wallets in the world. The great popularity stands for the excellent safety and quality of the small wallet. To date there are no documented cases in which cryptocurrencies could be stolen from a Ledger Nano S.

Since the introduction of the Ledger Nano X, the price for the Nano S has fallen sharply and is currently just 59€. If you can do without the new features of the Nano X and are looking for a particularly cheap NEO hardware wallet, then the Ledger Nano S is just right for you. The Nano S offers a fantastic price/performance ratio.

3.Trezor Model T

The Trezor Model T was also launched in May 2019 and is considered a direct competitor of the Ledger Nano X. It is the direct successor of the Trezor One, which has been sold more than a million times worldwide. In direct comparison to its predecessor, the Model T supports significantly more cryptocurrencies and has some new features.

In addition, the Trezor Bridge software was completely renewed and made more secure. Furthermore the Trezor Model T has received some fundamental innovations that make it an absolute premium model:

• Touchscreen: The Model T has got a 4 inch touch display in color. The PIN must then be entered and transactions released.
• Firmware upgrade: The firmware (Trezor Core) has received new security features to comply with the current state of security technology.
• Faster processor: The new processor is faster and ensures smooth operation.
• Micro SD card slot: The Micro SD card slot allows SD cards to be used for data encryption.
• USB-C port: The old USB port has been replaced by a modern USB-C port.

Bottom line: The Trezor Model T is one of the best NEO hardware wallets currently available on the market. The new features and security update make it almost impossible to steal your NEO.

The best NEO desktop and mobile wallets

Desktop as well as mobile NEO wallets belong to the category of hot wallets because the private keys are stored on the respective device. Since your PC and smartphone are connected to the Internet at least temporarily, they are considered less secure than hardware wallets. Hackers have a potential point of attack over the Internet connection that can be exploited to steal your private keys or password.

Nevertheless, both offer a good basic protection. In addition, they offer the advantage that you can install and use them for free. However, you should make sure that you only install wallets from reputable providers. In the past, supposedly serious projects have turned out to be scams. Therefore we introduce you to the best and most secure NEO desktop and mobile wallets. Some of them have the advantage of supporting multiple cryptocurrencies, in addition to NEO. The next table shows the respective advantages and disadvantages:

Below we introduce you to the best free NEO desktop and mobile wallets:

1.NEON wallet

The NEON Wallet is a desktop wallet developed by the NEO community that has passed several security checks. It supports the cryptocurrency NEO and GAS, RPBX and other NEP5 tokens and is one of the oldest NEO wallets on the market.

So far there are only different desktop versions for Windows, Mac and Linux. Whether a mobile version will be published is currently unknown. It is important to know that the wallet supports the “claiming” of Gas (GAS) which is working completely automatically with the NEON Wallet. When you access the wallet, all you have to do is update your account balance.

The setup and installation of the wallet is also very quick and easy. The user interface is intuitive and clearly structured, so that the wallet is also suitable for beginners. You can also use the wallet to create a recovery phrase. If your PC or computer breaks down, you can restore the wallet on another PC.

You can download the wallet for free from the official website (click here!).

2.O3 Desktop und mobiles NEO Wallet

The O3 Wallet is available as a mobile wallet for your smartphone and as a desktop version. The app is simple and clearly arranged and offers good security. Your private keys are stored locally either on your smartphone or on your PC. However, be aware that it is absolutely necessary to use an up-to-date anti-virus program. Only then can you guarantee the best possible security.

The desktop version is available for Mac, Windows and Linux. The download as well as the use is completely free of charge. The wallet supports NEO, GAS, ONT and ONG. Since June 2019, there has been a direct connection to the cryptocurrency exchange Coinbase. As a result you can buy cryptocurrencies such as BTC or ETH directly within the wallet.

We have had very good experiences with the O3 Wallet and have been using it for several years. You can download the wallet from the official website (click here!).

3.Atomic Wallet

The Atomic Wallet is a multi-coin wallet which supports more than 300 different cryptocurrencies, including NEO. If you have other cryptocurrencies besides NEO and want to manage them in one place, then the Atomic Wallet is the right choice for you. The wallet was developed by the founder of the platform Changelly.com and enjoys a good reputation in the crypto community. The programmers concentrated on three pillars of the cryptocurrency industry during the development:

• security,
• anonymity and
• decentralization.

The security is guaranteed through the measure that your private keys and transaction data are stored locally and encrypted on your PC or smartphone. As the name of the wallet suggests, the wallet supports the decentralization through the so-called Atomic Swaps. These are allowing users to exchange cryptocurrencies with each other – peer-to-peer – without the use of third parties. However, this service is not available for all cryptocurrencies, yet. Therefore the wallet has an interface to ShapeShift and Changelly, so that these cryptocurrencies can be exchanged for a fee of 2 to 5 percent.

The Wallet is available as desktop version for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store. You can download the Atomic Wallet from the official website (click here!).

4.Exodus Wallet

The Exodus Wallet is another multi-coin wallet that supports more than 100 different cryptocurrencies. Exodus was launched in 2016 and is one of the oldest NEO wallets on the market. The wallet comprises the following components:

• multi-coin wallet,
• a portfolio tracker (in 30 fiat currencies)
• and an integrated exchange service from ShapeShift.

The security of the wallet as well as the anonymity of the wallet can be classified as good. Your private keys are stored locally on your PC or smartphone. This gives you sole control over your private keys. Nevertheless, the Exodus Wallet has two points of criticism which we do not want to withhold from you:

1. You can have a backup of your wallet sent to you by mail. The backup function can be considered useful. However, emails can easily be intercepted and the content misused.
2. There is no way to set up 2-factor authentication.

If you don’t mind, the Exodus might be a good choice for you. To download the wallet you have to visit the official website (click here!).

The best NEO online wallets in comparison

NEO Online wallets are especially suitable for beginners, because the setup is very easy and fast. In most cases the registration of an account on a website or a exchange is sufficient. The latter have the advantage that you can trade with your NEO on the platform. There are no fees for the use of the wallets.

The big disadvantage of exchange wallets, however, is that you transfer control of your private keys to the exchange. So you have to trust the exchange and hope that it protects your NEO in the best way possible. We would like to remind you that cryptocurrency exchanges have often been the target of hacker attacks in the past. In some cases, several million US dollars could be stolen in cryptocurrencies. That’s why you should only use exchange wallets as long as you actively trade with NEO.

The next table shows the advantages and disadvantages of NEO Online wallets in detail:

1.NEO Tracker web wallet

The NEO online wallet Neotracker.io is an official provider that has been on the market since 2017. You can easily and quickly create a wallet by simply entering a password for your NEO Wallet. Then you can directly download your keystore file, which contains your private key. You need to keep this file in a safe place. Under no circumstances should you leave your keystore file on your PC, which has a permanent connection to the Internet. In this case it is especially easy for hackers to steal your file and thus your private keys. Hackers can also use a keylogger to record your password and open your wallet in case of emergency.

Therefore, you should install an up-to-date anti-virus program on your PC that keeps you up to date. The wallet is especially suitable for beginners who want to set up a wallet without much effort. Nevertheless, NEO desktop and mobile wallets offer significantly better security. Nevertheless, the wallet can be a good, free option to store your NEO.

You can set up the wallet on this page.

2.NEO Online Wallet

The “neowallet.cn” is another NEO web wallet developed and offered by the NEO Community. If you want to use it, you should know that your private keys are stored online! Accordingly, you have no control over your private keys. Besides that, all data is encrypted and transmitted anonymously. One further advantage of the wallet is that no personal data is requested during setup.

In addition, the wallet is very easy to set up. You can also import another wallet and access it via this interface. It is also pleasing that the wallet supports NEO, GAS and some NEP5 tokens. This is why you can also claim Gas (GAS).

You can access the wallet under this link.

3.Binance Wallet

Binance is one of the largest and most secure crypto exchanges in the world. The exchange offers a web wallet where you can store NEO and more than 150 other cryptocurrencies. The big advantage of Binance is that it is easy to set up and register. You can also trade NEO directly from the wallet without any further detours.

Be aware, however, that you do not have access to your private keys. You pass the responsibility for them on to the exchange. Although Binance is considered secure, in May 2019 Binance was the victim of a hacker attack in which more than 7,000 BTC were stolen, demonstrating the vulnerability of online wallets to hacker attacks. Because of that, your NEO should only be kept on Binance as long as you actively use it.

One advantage of the Binance wallet compared to other exchanges is that it offers the option of activating 2-factor authentication or receiving a notification by SMS each time you log in. This is another level of security that should definitely be used to make the Binance wallet as secure as possible.

If you would like to register an account on Binance, you can do so via this link*.

Further information about the NEO wallet test

We have compiled this information to the best of our knowledge, our own NEO wallet experience and hours of research. Nevertheless, you should get more information and try some wallets to find the NEO wallet that suits you best.

If you have questions or criticism as well as suggestions to our NEO wallet test report, then leave us gladly a comment there. We’ll be glad to help you. If you liked our review of the best NEO wallets, please rate our review as positive by clicking on 5 stars below.

Der Beitrag The best NEO wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

In particular, we also give you advice on which ZCash wallet to use if you wish to send private transactions with ZEC. Before going into the subject further, it is important that you have a basic understanding of cryptography, wallets and the technology behind Zcash.

You can check the current price of ZCash in our market overview.

The ZCash Basics

If you want to know in detail how Zcash’s anonymous transactions work, we recommend that you read our detailed Zcash Guide. Otherwise, you can also read our Quick Guide below, where we have compiled the most important information for you.

Quick-Guide - Zcash:

If you are interested in sending anonymous Zcash transactions, you should know that not all Zcash transactions are anonymous! Zcash users can choose to use either shielded (z addresses) or transparent (t addresses) addresses. Only the z addresses are not public and therefore not visible in the Zcash blockchain.

Shielded addresses can be recognized by the fact that they begin with ‘z’, while transparent addresses begin with ‘t’. It is also important to know that both address types are interoperable. The following graphic shows which combinations are anonymous (“grey” = anonymous, “white” = public”):

Source: https://z.cash/technology/

According to the graphic, Z-to-Z transactions and T-to-Z transactions are anonymous. Of particular interest is the option of sending ZEC from a transparent address to a shielded address. This interrupts the link between future transparent addresses. However, a Z-to-T transaction is transparent. The protection of privacy is then lost.

Now you may be wondering which wallets support shielded addresses? The answer is relatively simple. Currently, there are very few wallets that support shielded addresses. Even the hardware wallets of Ledger and Trezor don’t support shielded addresses (yet).

Beyond the private transactions of anonymity we would like to give you two more recommendations:

The best Zcash hardware wallets

Hardware wallets are the most secure option to store Zcash’s private keys, as they are stored isolated on the device and never come into contact with the Internet. Even if you release a ZEC transaction via the hardware wallet, the digital signature is done via a private key exclusively on the Hardware wallet.

This is achieved by the fact that the operating systems of the hardware wallets are designed in such a way that only “non-critical” components go online to retrieve and receive the data from the blockchain. This means that hackers theoretically have no chance of accessing the private key.

The best hardware wallets from the two market leaders, Ledger and Trezor, are also protected against “analog” theft. If thieves steal the device, the following hardware wallets offer both PIN and 2-factor authentication protection. Thus the private keys are well protected even in case of physical theft.

Because of this, hardware wallets are by far the safest way to manage your Zcash (ZEC). However, we would like to remind you that there is no hardware wallet that supports shielded transactions yet. In the following box we have summarized all advantages and disadvantages of a hardware wallet:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X

The Ledger Nano X is in our opinion the best hardware wallet currently available on the market. This model is the successor to the Ledger Nano S. Launched by Ledger in May 2019, it offers many new features compared to its predecessor, four of which stand out:

• Bluetooth function: The Ledger Nano X can be connected via Bluetooth to a smartphone (via the Ledger Live App) so that it can be used as a mobile wallet.
• More memory: The memory has been significantly enlarged compared to the previous model. The Ledger Nano X now has room for over 100 apps.
• Larger display: The display has also increased the size of the Ledger slightly, so that scrolling is not necessary, as with the Nano S.
• Improved security: The security chip has been completely reworked. In addition, the component was certified by the French cyber safety authority ANSSI.

2.Ledger Nano S

Even though the Ledger Nano S is no longer the latest Ledger model, it can be a very interesting option, especially for beginners. If you are not willing to pay 120 Euro for the Ledger Nano X, you will get 60 Euro for the Nano S – a hardware wallet that has proven to be very safe over several years.

The Nano S is still one of the most secure and reliable hardware wallets on the market. It has already been sold over 1.3 million times worldwide, which clearly speaks for the quality of the wallet. It is also important to know that hackers have never managed to steal cryptocurrencies from the device.

Conclusion: If you live without the new functions of the successor, then Ledger Nano S is ideal for you. You get a hardware wallet whose price/performance ratio is unbeatable.

3.Trezor Model T

The Trezor Model T was also launched in May 2019. It replaced the Trezor One, which had a facelift. The result is the Trezor Model T, which not only supports a variety of new cryptocurrencies, but also has some new features:

• Touchscreen: A new feature is a touch screen which must be used to release the transactions on the device.
• Firmware Upgrade: Trezor Core has been improved for security reasons.
• More powerful processor: The processor is significantly faster than its predecessor, making operation even smoother.
• Card slot for Micro-SD: New is also a Micro-SD card slot, which can be used for data encryption.
• USB-C port: The “old” USB port has been replaced by a new USB-C port.

Conclusion: The Ledger Nano X is slightly superior to the Trezor Model T in a direct price/performance comparison. This is because the Nano X is significantly cheaper. In addition, the Nano X has a few more features, offers more native apps, and requires less third-party software. Nevertheless the Trezor Model T is one of the best and most modern hardware wallets on the market. Due to the comparatively high price of around 180 euros, however, the Trezor Model T only ranks third in our ranking.

The best Zcash desktop and mobile wallets

Desktop and mobile wallets are hot wallets and are programs that are installed on your device, such as a computer or smartphone, to manage, send and receive Zcash (ZEC). In contrast to hardware wallets, they therefore have the disadvantage that the private keys are not stored offline, since the devices are usually connected to the Internet.

It is important to mention (in the case of the wallets presented here) that the private keys are “at least” stored on your own computer and not on a company server, such as an exchange wallet. As a result, only the user of the wallet and no third party, not even the Developers, has access to your Zcash. This makes the security of the desktop and mobile wallets considerably higher than on an exchange wallet.

However, this advantage also entails a great deal of responsibility. Since the private keys are stored (encrypted) on the user’s own computer or smartphone, the user is responsible for protecting the private keys from hackers. This means that it is very important to keep the device up to date with security updates. In addition, anti-virus and anti-spyware software should be installed as a matter of urgency and should be updated regularly. In order to increase anonymity, it is also recommended to use Tor and / or VPN.

A very big advantage is that there are currently a few desktop (and a mobile) wallet in beta phase which allows shielded transaction!

Below we have created an overview of the advantages and disadvantages of a desktop wallet:

1.Zec wallet

The Zec wallet is the official full node client of Zcash. Because of this, the wallet is certainly not suitable for everyone. Since it is a full node wallet, the entire blockchain must be downloaded and permanently synchronized, which is why the computer on which the wallet is installed should run as permanently as possible. Otherwise the synchronization may take some time before the wallet can be used.

Within the Zcash community, the wallet enjoys a very good reputation because it is published by the Zcash Foundation. In addition, the Zec wallet was the first wallet that had shielded addresses implemented and was Sapling compatible. The most important reason for using the Zec wallet is therefore undoubtedly the possibility to send anonymous payments and to use the functions of the memo field. If you are not interested in these features, there are much better and more user-friendly wallets that we can recommend.

But if you want to use the shielded transaction, the Zec wallet is the best choice. It is available as desktop wallet for Windows, MacOS and Linux. You can download it via the following link (click here!).

2.Guarda wallet

Guarda is in our opinion the best multicoin wallet to store Zcash (ZEC). There is a particular reason for this: In contrast to many other multicoin wallets, the Guarda development team strives to implement specific features of individual cryptocurrencies. For Zcash, these are the shielded addresses that have not yet been implemented in any “light client”.

The Guarda development team has taken this task to heart and in May 2019 released the first “light client” wallet for Zcash in the form of a beta test version for Android, which supports both transparent and shielded transactions. The official release date had not yet been fixed at the time of writing. Once this is done, the Guarda wallet is clearly the best ZCash wallet.

In addition, the Guarda wallet is a very user-friendly multicoin wallet that supports over 40 different cryptocurrencies, including all ERC20 tokens. It is an open-source wallet that is available as a web, iPhone, Android, desktop version and as a Google Chrome browser extension. All wallet versions offer the advantage that the private keys are stored on the user’s end device. Users thus retain full control over their cryptocurrency. Guarda claims that no personal or cryptographic information is stored by the company.

Another advantage of the Guarda wallet is that there is an integrated feature that allows users to purchase any of the supported cryptocurrencies with a credit card. Guarda uses the payment service provider Simplex (which is also used by Binance and KuCoin) for this purpose. In addition, the Guarda Web wallet also has the ability to connect to Ledger’s API.

It is important to know that the iPhone version of the wallet is called “Guarda”, whereas the Android version is called “Moxi”. The name may be related to a grant received by the company on behalf of the Zcash Foundation.

You can download the wallet from the official website.

3.Zepio wallet

The Zepio wallet is a full node wallet that supports sapling and shielded addresses. Accordingly, while it has the same advantages as the Zec wallet, it also has the same disadvantages in terms of the characteristics of a Full Node wallet. It requires the user to download the complete blockchain and a permanent synchronization.

The wallet was first published in May 2019 by the Zcash Foundation. As usual for a desktop wallet, the wallet stores the private keys on the user’s computer in encrypted form. Besides the basic functions of a wallet, the sending and receiving of ZEC, the Zepio wallet offers no further functions. The wallet is aimed in particular at users for whom a minimalist wallet is sufficient to enable private transactions. It is pleasing that it enables both the connection to the Mainnet and the Testnet.

You can download the Zepio wallet from the official website (click here) for MacOS, Windows and Linux.

4.Trust wallet

The Trust wallet is a multicoin wallet especially developed for Smartphones, iOS and Android, which is developed by a company called Six Days LLC (US Office) and does not allow shielded transactions. It is available in 11 languages and currently supports 42 cryptocurrencies and over 2,000 ERC20 tokens.

The name of the wallet (“Trust”) is intended to refer to the intention of the developers, who have focused their development on security and anonymity. The Trust wallet was tested by the security company Stateful. In addition, the wallet operates in a server-free environment so that each wallet is installed locally and the private keys are stored locally only. This means that neither the developers nor third parties have access to the private key.

In addition, the Trust wallet can convince with the following additional features:

• A decentralised exchange: the wallet has integrated the decentralised exchange from its partner, the Kyber Network.
• FaceID and TouchID: In addition to classic passwords, FaceID and TouchID can also be activated to protect the wallet.
• Real-time portfolio: View the entire crypto portfolio and its value in real time
• Push notifications: can be enabled to be notified of transactions.

The download links can be found on the Trust wallet’s official website.

5.Coinomi wallet

The Coinomi wallet is also a multicoin wallet, which is suitable for iOS and Android operating systems and can store over 275 other cryptocurrencies besides Zcash (ZEC). It is one of the oldest multicoin wallets on the market and was released in 2014 and has over one million users. One criticism, however, is that it does not support shielded transactions.

In addition to the very large number of coins, the Coinomi wallet scores with the fact that it has an integrated encryption for the IP addresses of the users. In addition, the private keys and transaction data are exclusively stored locally on the user’s terminal device. A further plus point is the connection to the Coinomi cryptocurrency exchange of the same name.

However, there is also a point of criticism with the Coinomi wallet. The wallet does not yet have two-factor authentication. Apart from password protection, there is therefore no second level of security. If attackers succeed in hacking the user’s computer, a keylogger is sufficient to steal the password and thus gain full access to the wallet.

If you want to use the wallet, you can download it from the official website (click!).

Store Zcash on cryptocurrency exchanges

The most commonly used wallet type is probably the exchange wallet, which is set up automatically with each account at an exchange. They offer the big advantage that the users can trade cryptocurrencies out of the wallet. This is probably also the main reason why they are so popular, although they have some serious disadvantages.

The biggest disadvantage is that the private keys come into the possession of the cryptocurrency exchange. As a result, users must be confident that the exchanges will store their private keys securely and protect them from hacker attacks in the best possible way. However, as numerous successful hacker attacks in the past have shown, cryptocurrency exchanges do not always succeed.

That is why exchange wallets are by far the most insecure way to store cryptocurrencies. You should therefore only store your Zcash on a cryptocurrency exchange as long as you trade. You should also choose established stock exchanges and brokers such as Binance, Coinbase, CEX or the European broker Litebit.

Further important information about the ZCash wallet test

The information in this article has been compiled by us to the best of our knowledge and experience. However, despite all efforts, you should always gather further information and test different wallets to find the best wallet for you.

If you have any questions or suggestions regarding our ZCash wallet review, please feel free to leave us a comment. We’ll be glad to help you! We would also be happy if you would give us a positive rating if you liked the article.

Der Beitrag The best Zcash (ZEC) wallets for private transactions – Guide and review erschien zuerst auf Crypto News Flash.

First, however, it is important that you have a basic understanding of cryptocurrencies and wallets. Therefore we would like to give you a short theoretical introduction to the different types of wallets. If you already know your way around, you can simply skip this part.

The best Waves hardware wallets

Hardware wallets are the best and safest way to store your Waves. Hardware wallets offer the highest security standard and the big advantage that several cryptocurrencies are supported in addition to Waves. Furthermore, the manufacturers of the hardware wallets issue regular updates so that you are always up to date with the latest security standards.

The private keys of hardware wallets are stored in a separate partition. Even when a transaction is released, the private key never leaves the wallet or is in contact with the Internet. By that, the architecture of the hardware wallet provides a powerful protection for your keys. Hackers have practically no point of attack to gain access to your private keys.

However, hardware wallets do not only provide online protection. Even if your Waves hardware wallet is stolen, you can set up a PIN and 2-factor authentication beforehand. The thieves have to overcome these two barriers in order to get access to your waves.

Overall, Waves hardware wallets offer the best possible protection currently available on the market. Therefore, in our opinion, every penny invested in a hardware wallet is worth it and protects your capital from robbers, malware and hackers.

We have listed all advantages and disadvantages of Waves hardware wallets for you:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X hardware wallet

We have tested a total of 8 different hardware wallets and found a test winner: The Ledger Nano X. It is the successor of the Ledger Nano S and offers numerous new functions. The biggest innovation is the integrated Bluetooth function, whereby the Ledger Nano X can be used with your smartphone and functions as a mobile wallet, while offering the security of a hardware wallet.

Furthermore the security of the wallet was increased and a new security chip was installed. The internal memory has also been increased so that up to 100 apps can now be stored and used simultaneously. Also cool is that the display is larger and wallet addresses can be checked on the display without scrolling.

Bottom line: In our opinion, there is no better Waves hardware wallet at the moment that offers this level of security and functionality for the same price. We can therefore warmly recommend the Ledger Nano X to you.

2.Ledger Nano S

Ledger’s first hardware wallet, the Nano S, has sold more than 1.3 million copies worldwide. This clearly shows the strong security and quality of the Waves hardware wallet. We have been using the Ledger Nano S for several years now and are completely satisfied with it. To date, there are no documented attacks by hackers in which cryptocurrencies could be stolen.

Another advantage of the Nano S is the very low in price – currently 59€. If you don’t need the new features of the Nano X, then the Ledger Nano S is the perfect Waves hardware wallet for you.

3.Trezor Model T

Like Ledger, Trezor presented the new Model T in May 2019, which is the successor of the Trezor One. Compared to its predecessor, it offers significantly more functions and better security. In addition, the Trezor Model T supports many more cryptocurrencies via the Trezor Bridge software. The new functions and features include:

• 4 inch touch screen: The Trezor Model T comes with a color touch screen where transactions must be confirmed and the PIN must be entered.
• Firmware upgrade: The Trezor Core software has been completely renewed and made more secure.
• Upgrade of the processor: A much faster processor was installed, so that the operation runs even smoother.
• Micro SD card slot: Trezor has built in a micro SD card slot that can be used for data encryption, for example.
• USB-C port: The old USB port has been replaced by the new USB-C industry standard.

Bottom line: The Trezor Model T is one of the best Waves hardware wallets on the market. It provides comprehensive protection so that your waves are stored offline and no one has access to your private keys. Only the price is slightly higher in a competitive comparison. However, the Trezor Model T offers excellent quality.

The best Waves desktop and mobile Wallets

Both desktop and mobile wallets belong to the hot wallet category, as your smartphone and PC are temporarily connected to the Internet. This brings the private keys into contact with the World Wide Web. However, both desktop and mobile wallets are more secure than web wallets. The private keys are not stored on a central server or in the browser, but on the device you are using.

The big advantage of mobile Waves wallets as well as desktop wallets is that they can be used free of charge. So there are no acquisition costs for the purchase, as e.g. with the hardware wallet. The following overview shows you the advantages and disadvantages of Waves desktop and mobile Wallets:

In the following we present you the best Waves wallet for a serious desktop as well as mobile Waves Wallet:

1.Waves official desktop and web wallet

The Waves web wallet is also available as a desktop version and offers a direct connection to the decentralized exchange Waves DEX. This decentralized exchange offers trading for BTC, ETH, LTC, XRP, as well as several other crypto- and fiat currencies. The charts are provided via the Tradingview API.

The trading fees on the DEX are very low and, compared to centralized exchanges such as eToro or Binance, are particularly low. The wallet does not have to be set up, but a simple registration on the official website of the exchange is sufficient. Waves recommends using the desktop wallet as this version is more secure than the Web wallet.

The private keys are stored on your PC or computer when using the desktop wallet. That way nobody but you has access to the private keys. Both the desktop and the web version of the wallet are simple and clearly structured. However, the operation of the exchange can be somewhat complicated for beginners and requires some training. The wallet is also available in several languages (DE, EN, FR, ES).

We recommend that you use the Waves desktop wallet if you do not want to purchase a hardware wallet. This gives you the best possible protection with a free Waves wallet. You can register or download an account and the wallet on this page.

2.Trust Wallet (Waves mobile wallet)

The Waves Trust wallet is a mobile wallet that is available for both iOS and Android. The wallet is provided by Six Days LLC (US Office) and is available in 10 languages (Spanish, French, German, Italian, Arabic, Japanese, Russian, Traditional Chinese, Simplified Chinese and Vietnamese).

Besides Waves, the wallet supports more than 42 different cryptocurrencies and more than 2,000 ERC20 tokens. The name of the wallet “Trust” is intended to reflect the fact that great importance was attached to security and anonymity in the development of the wallet. The wallet has been tested by the security company Stateful. The complete documentation can be found on the company’s website.

The code of the wallet is open source and can be viewed and checked on GitHub. The private keys are stored locally on your phone, so only you have access to them. The wallet can be classified as secure and trustworthy overall. In addition, the wallet offers a whole range of other features:

• Decentralized exchange: Trust wallet works together with the Kyber Network. Kyber’s decentralized exchange is integrated into the wallet, so you can trade cryptocurrencies from within the wallet.
• TouchID and FaceID: The wallet can be protected with a simple password. It is also possible to activate TouchID and FaceID to additionally protect the wallet.
• “Watch function”: The current account balance can be viewed without the private keys being connected to the Internet.
• Real-time Portfolio Tracker: The entire portfolio can be viewed in real time.
• Push notifications: You can set up a notification that informs you immediately when a transaction has been made.

You can download the wallet on this page for Android or for iOS.

3.Atomic Wallet

The Atomic wallet is a multi-coin-wallet that supports Waves and more than 300 different cryptocurrencies. One reason for the popularity of the wallet is the high security and that the wallet is published by the founder of Changelly. The programmers have attached great importance to three pillars of the crypto market:

• Security,
• Anonymity and
• Decentralization.

Both the private key and the transaction data are stored encrypted on your computer or smartphone. No one, not even a third party, has access to your private keys. These are also not stored on a company server. In addition, the Atomic wallet supports, as the name suggests, Atomic Swaps. This allows cryptocurrencies to be exchanged peer-to-peer without third parties, such as an exchange, being involved. However, this service is not available for all cryptocurrencies. The Changelly or ShapeShift Exchanges are available for these cryptocurrencies. Otherwise there is a fee between 2 and 5% for use.

You can download the wallet from the official website. It is available for Windows, Mac, Ubuntu, Debian and Fedora. There is also a mobile version, both for iOS and Android.

4.Exodus Wallet

The Exodus Waves wallet is a very popular wallet that supports more than 100 different cryptocurrencies. Exodus is one of the oldest wave wallets on the market and was released in July 2016. Since then it has been continuously improved, further developed and new coins added to the portfolio. In addition to the normal wallet services, Exodus offers the following additional functions:

• Portfolio tracker that supports over 30 different Fiat currencies.
• Integrated exchange service from Shapeshift, which allows many cryptocurrencies to be exchanged directly.

The Exodus wallet offers good basic security. Your private keys are only stored locally on your PC. This means that only you have access to your private keys and no third party. The user interface is very simple and intuitive, so that the wallet is also suitable for beginners. Nevertheless, there are also two points of criticism which we do not want to withhold from you:

• Backup function via e-mail: You have the possibility to create a backup of the wallet. All data will be sent to you by mail. This provides an attack point for hackers, as e-mails can be easily intercepted and the content misused.
• No 2-factor authentication (2FA): Hackers “only” have to intercept your password with a keylogger or malware and then have immediate access to all your cryptocurrencies.

The Exodus Waves wallet offers a basic security with the described disadvantages. If this is not a problem for you, you can download the wallet from the official website (click here!). The wallet is available as desktop version for Windows, Mac and Linux. There is also an app for iOS and Android users for free download.

Waves Online Wallets

Online wallets offer an easy and reliable way to store your Waves. The best known online wallets are exchange wallets. In doing so, you completely hand over the responsibility for managing your private keys to the exchange and have to trust it to take care of it as best it can.

Exchange wallets offer a good protection and often the possibility to set up an additional security level in the form of a 2-factor authentication. However, exchanges have often been the target of hacker attacks in the past. In the process, millions of cryptocurrencies were stolen and the victims were normally not compensated.

The advantage of exchange wallets, however, is clearly their ability to actively trade in cryptocurrencies, as well as a very simple setup and installation. Normally, registration of an account with the relevant exchange is sufficient for this. In some cases, however, personal information may need to be disclosed (under the KYC and World Anti-Money Laundering Directives).

In the next table we have compiled the advantages and disadvantages of Waves online wallet:

1.Waves Online Web Wallet

The already introduced Waves desktop wallet is also available as web wallet. The client is also connected to the decentralized exchange Waves DEX. Accordingly, you can also trade cryptocurrencies such as BTC, ETH, LTC, XRP, as well as some other crypto and fiat currencies.

The use of the exchange is free of charge. There are only trading fees if you trade cryptocurrencies on the Exchange. Registration is completely free and fast. No personal data will be requested or stored. The Web wallet can be used anonymously. Be aware that you have no access to your private keys and delegate the responsibility to the exchange. If the market gets hacked, you’re not entitled to any damages.

If you want to test yourself on the exchange, you can register an account on this page.

2.Binance wallet

If you want to keep your Waves online, there are a number of exchanges to consider. Binance is one of the most popular and secure cryptocurrency exchanges worldwide, which also offers the safekeeping of Waves. Furthermore, you can trade and store over 150 additional cryptocurrencies on the exchange.

Be aware, however, that you have to give up control over your private keys to the exchange and trust the exchange as well as your employees. Exchanges are a popular target of hackers, so Binance was also targeted in May 2019 such an attack in which a total of 7,000 BTC were stolen. Binance is nevertheless considered safe. However, the example is intended to demonstrate the vulnerability of exchange wallets.

In this incident, Binance compensated the users of the platform completely out of their own financial reserves: however, in an emergency you cannot count on this. That’s why you should think twice before investing your money in a hardware wallet.

If you would like to create an account on Binance, you can do so via this link*.

3.Bitpanda Wallet

Bitpanda is an exchange from Austria, which is subject to the regulation of the Austrian financial supervision. Bitpanda can thus be classified as particularly safe and reliable. Bitpanda offers trading in more than 20 different cryptocurrencies, including Waves.

In order to be able to use the exchange, however, the input of personal data is necessary. This is required under the KYC Directive within the EU. The use of the exchange as well as the registration is completely free of charge. Be aware, however, that you do not have access to your private keys, but delegate responsibility to the exchange.

The exchange is available in several languages (DE, FR, EN). We have had very good experience with the market. You can read our complete review here (click!).

You can create an account on the official site by clicking* (click!) on this link.

4.Waves Lite App (Chrome browser extension)

The Waves Lite client connects to public wave nodes to retrieve current information from the blockchain. There are all the options that a classic wallet also offers. Addresses can be created, transactions managed and sent. Your private keys are stored in the Chrome Browser and never leave your PC or computer. However, hackers potentially have an “easier” way to intercept your private keys and steal your waves with a phishing program or malware.

You can download the extension here.

Important information about the Waves wallet test

We have compiled this information to the best of our knowledge, using our own tests and hours of research. However, you should get more information and try some wallets to find the wallet that suits you best.

If you have any questions, suggestions or criticism about our Waves wallet review, please feel free to write us a comment. We’ll be glad to help you. In addition, we would of course be very happy if you would rate our post. Just click on the stars at the end of the post.

Der Beitrag The best Waves wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

To understand how each wallet works, it is important that you have a basic understanding of the technology. That’s why we want to give you a short introduction to the topic so that you really understand the subject. If you already know your way around, you can skip this section (click here!)

You can find the current Dogecoin price on our marketcap page.

The best Dogecoin hardware wallets under review

Hardware wallets offer the best possible protection for storing your Dogecoin. You can also use a paper wallet, but you have to consider that you still have to use a hot wallet to access your Dogecoin. At this moment your private key is connected to the internet. Only hardware wallets ensure that the private key never comes into contact with the World Wide Web.

This is possible because the private keys are stored separately on a partition of the hard wallet. Even if a transaction is released, there is no connection to the Internet. This special hardware architecture makes it almost impossible for hackers to gain access to your private key. Hardware wallets also have the advantage of protecting your Dogecoin very well, even if the device is physically stolen. In the following we introduce different hardware wallets, which all offer the possibility to set up a PIN as well as the 2-factor-authentication. This protects your wallet even if a thief steals your device.

In our opinion you should definitely buy a hardware wallet as there is currently no better protection for your Dogecoin (DOGE). In addition, the amount you invest is worth every penny because your Dogecoin is best protected.

Below we have summarized the pros and cons of Dogecoin hardware wallets:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X – the best Dogecoin hardware wallet

We tested a total of 8 different hardware wallets in detail and found a test champion: the Ledger Nano X. The Ledger Nano X is the successor of the Ledger Nano S. Compared to its predecessor, the Nano X has significantly more functions. The safety of the device has also been significantly improved. Furthermore, the new Bluetooth function allows the Nano X to be used as a mobile Dogecoin wallet.

In addition, the internal memory has been significantly increased so that 100 apps can now be used simultaneously. Ledger has also given the Nano X a larger display so that the Dogecoin wallet address can be seen completely and scrolling is no longer necessary.

Conclusion: Both the new function and the great safety make the Ledger Nano X the best and safest Dogecoin wallet currently available on the market. Both the operation and the setup are very easy, so that it is especially suitable for beginners.

2.Ledger Nano S

Das Ledger Nano S is the first hardware wallet Ledger has launched. It has been sold more than 1.3 million times worldwide. This success story shows that the wallet offers good safety and quality. The wallet has never been hacked and there are no known vulnerabilities that attackers could exploit.

After the release of the Nano X, the price of the Nano S has dropped to 59 euros. Thus the Nano S can be seen as an absolute bargain among the Dogecoin Hardware wallets . If you can do without the features of the Ledger Nano X, then the Ledger Nano S is the perfect hardware wallet for you. It offers a unbeatable price/performance ratio.

3.Trezor Model T

The Trezor Model T was also introduced in May 2019 and has entered the ring as a direct competitor to the Ledger Nano X. It is the direct successor of the Trezor One and has many new features, improved security and a touch screen. The Trezor Model T supports significantly more cryptocurrencies, including Dogecoin (DOGE).

The Trezor Bridge software has been revised and is now even more user-friendly. When using the software, you can manage Dogecoin directly from Trezor Bride. So you don’t have to resort to a third-party interface. Overall Trezor has added the following new features to Model T:

• Elegant touch screen: The Model T has a color touch screen that responds very well to touch without delay.
• Update firmware: Trezor Bridge has a new design and security has been improved again.
• New security chip for more performance: A faster processor has been added so that the management of your Dogecoin can now be done even faster.
• Micro SD card slot: An SD card can be used for data encryption.
  
• USB-C port: The old USB port has been replaced by the new industry standard USB-C.

Summary: The Trezor Model T is one of the best and most secure Dogecoin hardware wallets on the market. The security is very high and the new functions also justify the comparatively high price of almost 180€.

The best Dogecoin desktop and mobile wallets

Both desktop and mobile Dogecoin wallets belong to the category of hot wallets, as they are probably often connected to the Internet. That’s why they rank second in the ranking of the safest Dogecoin wallets , directly behind the hardware wallets. Nevertheless, they are more secure than web wallets, since the private keys are not stored on external servers on the Internet, but either on the smartphone or on the computer.

The wallets presented in the following differ both in their security and in the range of functions available. So-called multi-coin-wallets support the administration of several hundred different cryptocurrencies. Mobile Dogecoin wallets as well as desktop wallets are our recommendation if you are looking for a high level of security but don’t want to spend money using your wallet. We have compiled the advantages and disadvantages in the following table:

Below we present the best and safest Dogecoin Wallets. These differ both in the range of functions and in the security.

1.Atomic Wallet

The Atomic wallet is a multi-coin wallet that supports more than 300 different cryptocurrencies, including Dogecoin (DOGE). Due to this characteristic and the prominent developer, the founder of Changelly.com, the Atomic wallet enjoys great popularity in the crypto community. The developers have attached particular importance to three central requirements of the crypto industry:

• security,
• anonymity and
• decentralization.

According to these guidelines, your private keys and all transaction data will only be stored locally on your mobile phone or smartphone and will never leave the device. The Atomic wallet is available as desktop version as well as app for Android and iOS.

A special feature of the wallet is that it supports so-called Atomic Swaps. This allows users to exchange peer-to-peer cryptocurrencies without a third party having to act as an intermediary in the form of a exchange. Atomic swaps are not yet supported for all cryptocurrencies. The Changelly and ShapeShift service is available for all assets for which this function is missing.

The wallet can be downloaded from the official website for Windows, Mac, Ubuntu, Debian and Fedora.

2.Jaxx Liberty Wallet

The Jaxx Liberty wallet is a multi-coin wallet that supports Dogecoin and more than 80 different cryptocurrencies. The wallet is developed and offered for download by Anthony Di Iorio, a co-founder of Ethereum. The wallet is available as desktop as well as mobile wallet for Android and iOS.

The wallet is not only known for its prominent developer, but also for its extensive functions. These include the following features:

• up to date news
• current market data
• a multi-chain-explorer

In addition, the wallet offers very good security. Nobody but you has access to your private keys. These are stored locally on your smartphone or desktop PC, not on a company’s central servers. The wallet also offers the possibility to create a backup in case your mobile phone or computer breaks down. International forums also praise the outstanding support, which is available 24 hours a day.

If you want to download the wallet, you can click on this link. You will then be taken directly to the official website of the manufacturer.

3.Coinomi Wallet

The Coinomi wallet is a multi-coin wallet that is offered for both Android and iOS and supports more than 275 cryptocurrencies in addition to Dogecoin. The wallet was launched in 2014 and is one of the oldest wallets in the world. Since the release it is offered both as desktop and mobile version.

The Coinomi wallet attaches great importance to privacy. Both the private keys and the transaction data are stored locally on the user’s terminal device. In addition, the IP addresses are encrypted separately, so that data protection and privacy can be regarded as particularly good.

The wallet is connected to the cryptocurrency exchange Coinomi of the same name. This means that all cryptocurrencies can be bought and sold directly out of the wallet. However, the wallet also has a point of criticism: It is not (yet) possible to additionally protect the account with a two-factor authentication.

This leaves it vulnerable to hacker attacks and keyloggers. Once a hacker has intercepted your password, he has full access to your account. At this point it is not possible to set up a second security level such as a PIN or Touch ID.

To download the wallet you can click on this link which will take you directly to the official website.

4.Dogecoin Wallet

Directly after the start of the cryptocurrency Dogecoin this wallet was released as a desktop wallet and mobile wallet for Android. The user interface is very simple and clearly structured. The project is managed by the community and in case of questions the customer support can be contacted. As Dogecoin has not received any updates for some years, the wallet will not be provided with new updates either. The wallet is considered safe, but there are much better wallets for your Dogecoin, which is “only” ranked 4th in our ranking.

You can download the wallet on the official website (click here!).

The best online wallets for Dogecoin

Online wallets are very popular in the crypto world because the setup is very simple and the user interface is often intuitive and clear. This does not require any installation or the creation of a backup. In most cases, creating an account with a username and password is enough. There are two different types of online wallets.

All known cryptocurrency exchanges are online wallets, as they can be used by setting up an account at the exchange. These have the advantage that the cryptocurrencies can be traded directly out of the wallet. A detour via another instance is not necessary. However, this type of Dogecoin wallet also has a great disadvantage.

If, for example, you use Binance, you transfer control of your private keys to the exchange. This means that you have to trust the exchange and your employees to keep your private keys safe and to take further security measures to protect your Dogecoin and other cryptocurrencies as best as possible. We advise you to leave your Dogecoin on a crypto exchange only as long as you trade with it. Otherwise there are better ways to protect your assets safely.

There are also specialized Dogecoin web wallets. Here you must pay special attention to use a reputable provider. Some platforms later turned out to be a Scam and stole large sums of money from the users. The following table shows the pros and cons of Dogecoin online wallets:

1.Dogecoin.info web wallet

Dogecoin.info is a Dogecoin specific web wallet that allows you to create a Dogecoin Online wallet without any further detours. Your private keys are stored in your browser so that only you have access to your keys. Even if the servers of Dogecoin.info fail, you still have access to your wallet, because you can also access it with any other online wallet. Dogecoin.info is rated as one of the best online wallets in the Dogecoin Community.

You will get to the website Dogecoin.info if you click on this link.

2.DogecoinVault Web Wallet

DogecoinVault is one of the most popular Dogecoin online wallets, as only one registration is required for use. The wallet does not have to be set up, but can be used immediately after successful confirmation of your mail address. DogecoinVault does not store any data and you are automatically logged out after 60 seconds of inactivity. Furthermore, the DogecoinVault is fully compatible with TOR.

Furthermore it has a built-in Dogecoin-Tumblr, which makes the use anonymous and safe. The wallet offers a very simple and intuitive operation and is therefore best suited for beginners. At this point it is important to note that your password can be intercepted by hackers with a keylogger or malware and your Dogecoin could be stolen. The DogecoinVault offers all the advantages and disadvantages of online wallets.

You can register on the official site and use the wallet (click here!).

3.Freewallet

The Free wallet is a well known Dogecoin wallet that supports other cryptocurrencies like Bitcoin and Ether besides Dogecoin. The wallet is offered in 13 different languages and is available as a desktop version for Windows, Linux and MacOS.

The code is completely open source and therefore visible and verifiable for everyone. Within the wallet there is a Dogecoin APK so that Dogecoin can be received, sent and managed. The wallet stores the private keys for the user, so you have to trust the provider to keep the keys safe.

For this reason, we recommend that you either use one of the aforementioned wallets or switch directly to a hardware wallet. If you still want to use the wallet, you will get here (click!) to the official website.

4.Binance Wallet

Binance is one of the world’s largest and most popular cryptocurrency exchanges. In addition, Binance is considered particularly secure, even though the platform became the target of a hacker attack in May 2019 in which a total of more than 7,000 Bitcoin could be stolen. Accordingly, you must be aware that you are handing over the management of your private keys to the exchange.

We therefore recommend that you only store your Dogecoin on Binance if you actively use it. Otherwise your assets are better stored on a hardware wallet or a desktop or mobile wallet. If you want to set up an account with Binance, you can do so via this link* (Click!).

Further important information about the Dogecoin wallet test

We have compiled the information to the best of our knowledge and belief to give you the best possible overview of the currently available Dogecoin wallets. Nevertheless, you should get more information and try some wallets to find the one that suits you best.

If you have questions or suggestions about our Dogecoin wallet review, please leave us a comment. We will be glad to help you! In addition, we would be pleased about a positive evaluation.

Der Beitrag Dogecoin wallet comparison 2019: The best hardware, software, desktop and mobile wallet for DOGE under review erschien zuerst auf Crypto News Flash.

Before we come to our ranking, it is important that you have a basic understanding of the technology and the different types of crypto wallets. Therefore, we have prepared a small theoretical introduction to the topic. If you want, you can also skip this part (click here!).

The best Tezos wallets at a glance

Below you will find a list of the best Tezos wallets, sorted by type and degree of security. In the further course of this article we will go into the individual wallets in more detail and discuss their strengths and weaknesses.

The best Tezos hardware wallets

Hardware wallets are the most secure option to store cryptocurrencies. They have the highest security standard and are more practical than paper wallets. Due to the architecture of the operating system of hardware wallets, the private key is never connected to the Internet.

This is possible because it is stored isolated in a partition of the hardware. Even if a Tezos transaction is released, the private key does not leave the wallet. This construction method makes it almost impossible for hackers to gain access to the private key.

The best hardware wallets are not only protected against digital raids, but also against their analog counterparts. All hardware wallets presented here can be secured by a PIN as well as a 2-factor authentication. Thus, even the physical theft of the device does not promise success, as the two security measures have yet to be overcome.

For us hardware wallets are therefore an absolute must-have if you want to invest in tezos and other cryptocurrencies and want to keep them over a longer period of time. In relation to your (presumable) investment the prices for a hardware wallet are very low.

In the following box we have compiled a summary of the advantages and disadvantages of hardware wallets:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X

In our comparative test of eight hardware wallets, the Ledger Nano X took first place. Accordingly, it is also our first choice for the storage of Tezos (XTZ). The Ledger Nano X is the successor of the Ledger Nano S. In comparison, the Nano X has numerous new functions that clearly set it apart from its predecessor. The biggest innovation is the Bluetooth function, which enables the Nano X to be paired with a smartphone and operated like a mobile smartphone wallet.

In addition, work was also done on the security of the wallet and an improved security chip was developed. In addition, the internal memory of the Nano X has been significantly increased, allowing it to store up to 100 apps for cryptocurrencies, security features and other functions. Finally, the display has also been enlarged, making it much easier to check the Tezos address before releasing a transaction.

Conclusion: For us there is currently no better hardware wallet than the Ledger Nano X! Both the range of functions and the operation set a new standard that the competition must first outperform.

2.Ledger Nano S

The Ledger Nano S is the most popular hardware wallet you’ve probably heard of before. It was released several years ago and has sold over 1.3 million copies worldwide since then. This makes it the most successful hardware wallet on the market. The popularity is also an indication of the strong security of the wallet. In the many years that the wallet has been on the market, hackers have never managed to steal cryptocurrencies from a user.

The other big advantage of the Nano S is the very low price of only 59 Euros. After the Nano X was released by Ledger, the price fell significantly. If you live without the new features of the Ledger Nano X, the Nano S offers an unbeatable price/performance ratio.

3.Trezor Model T

Like Ledger, SatoshiLabs also launched a new hardware wallet, the Trezor Model T, in May 2019, completely overhauling its long-standing success model, the Trezor One. Compared to its predecessor, the Trezor Model T supports significantly more cryptocurrencies, which is realized with the new Trezor Bridge software.

This serves as a “bridge” between the Trezor hardware Wallet and numerous third-party software wallets. So the SimpleStaking Wallet must be used to store Tezos on the Trezor hardware wallet. In addition, the Trezor Model T offers the following functions and new features:

• Touchscreen: The Trezor Model T has received a touch screen for the release of transactions.
• Firmware upgrade: The firmware (Trezor Core) has been completely renewed and improved.
• Faster processor: The Trezor Model T has a faster processor, which makes operation even smoother.
• Micro SD card slot: A Micro SD card slot has also been added that can be used for data encryption.
• USB-C port: The old USB port has been replaced by a modern USB-C port.

Conclusion: In our opinion, the Ledger Nano X performs better than the Trezor Model T in a direct price/performance comparison. This is due to the fact that the Nano X is around 60 euros cheaper and also has a few more useful functions. Regardless of this, the Trezor Model T is still one of the best and most secure hardware wallets on the market.

The best Tezos desktop and mobile wallets

Both desktop and mobile wallets belong to the category of hot wallets, since the medium on which they are installed – the computer or smartphone – is at least temporarily connected to the Internet. As a result, they are ranked behind hardware wallets but ahead of web wallets in terms of their security standards. In contrast to web wallets, they have the advantage that the private keys are stored on their own device and not on an external server. However, they by no means offer the security of a hardware wallet.

The XTZ wallets presented in the following differ in some respects with regard to their functional scope. While Tezos specific wallets, such as the Galeon wallet and the TezBox wallet, offer the advantage of being fully compatible with the XTZ ecosystem, multi-coin wallets, such as the Atomic and Exodus wallets, do not offer these features.

However, they have the advantage that they can manage over 100 additional cryptocurrencies and have numerous other useful functions. Depending on which functions are more important to you, you should choose your wallet.

Desktop as well as mobile wallets are our top recommendation if you are looking for a free wallet for Tezos. Below we have compiled an overview of the advantages and disadvantages:

Below you will find our top recommendations for secure and reputable Tezos desktop and mobile wallets:

1.Galleon Wallet

Galleon is our top recommendation among the free Tezos (XTZ) wallets because it allows the user to interact with Tezos Contracts as well as delegate XTZ, with an easy-to-use interface designed specifically for beginners. The wallet’s developers are Cryptonomic, a New York-based start-up dedicated to decentralization and digital sovereignty funded by the Tezos Foundation.

The Galleon wallet is an open source wallet framework for Tezos tokens that is available in eight different languages and supports the use of a Ledger hardware wallet. The Galleon wallet is available on the official website for Mac, Windows and Linux.

2.TezBox Wallet

TezBox was the first XTZ wallet with a graphical user interface (GUI), which was released during the Tezos Initial Coin Offering by a developer from the Tezos community. It is currently available for web (Google Chrome), desktop (Windows and MacOS) and mobile wallets (Android). In addition, an iOS and Linux version will follow soon. As this is a Tezos specific development, the TezBox wallet supports participation in on-chain governance.

In addition, the TezBox is a secure wallet interface for Tezos, as the private keys are stored exclusively on the user’s device. As an additional security layer, TezBox also enabled the integration of Ledger Nano and Trezor hardware wallets, making it the first wallet for Tezos.

The wallet’s user interface is very user-friendly. Developers can also easily integrate their dApps via the TezBox. You can download the wallet under this link.

3.Atomic Wallet

If you don’t want to participate in Tezos OnChain governance and want to manage multiple cryptocurrencies in a single wallet, the Atomic wallet is a very good choice for you. The Atomic wallet is a multi-coin wallet that is compatible with over 300 cryptocurrencies.

This large number is probably one of the reasons why it is so popular. Another reason is surely that the developers around the founder of Changelly have focused their development on three central demands of the crypto industry:

• Security,
• Anonymity and
• Decentralization.

According to these crypto industry guidelines, both private keys and transaction data are stored encrypted on the user’s computer. This means that third parties have no access to this sensitive data. The third requirement – decentralization – is implemented by the fact that the wallet has the function of the Atomic Swaps.

This allows users to directly exchange cryptocurrencies, peer-to-peer, without the need for a third party to act as an intermediary. For cryptocurrencies that are not yet supported via Atomic Swaps, the Atomic wallet provides the Changelly and ShapeShift services integrated into the Wallet.

The wallet is available on the official website for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store.

4.Exodus Wallet

The Exodus wallet is a very popular Multi-Coin wallet which can store the private keys of more than 100 cryptocurrencies. The wallet is one of the oldest multi-coin wallets on the market and was released in July 2016. The wallet comprises three main components:

• the Multi-Coin Wallet,
• a portfolio tracker (in 30 fiat currencies)
• and an integrated exchange service from ShapeShift.

The security and anonymity of the wallet is basically good. The private keys are stored locally and encrypted on the user’s computer and no personal data is requested before the download. Nevertheless, there are two points of criticism of the Exodus Wallet

• Backup function via e-mail: Sending the backup by e-mail is potentially unsafe.
• No 2-factor authentication (2FA): Since there is no 2FA, hackers “only” need to crack the password via the e-mail and then have full access to the wallet.

If these are not K.O. criteria for you, you can follow the following link, which will take you directly to the official website of the wallet (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

The best online wallets for tezos

The big advantage of online wallets is that they are the easiest to set up and use wallet type. Unlike the other types of wallets, no installation or backup is required. Users only need to set up an account.

It is important to know that there are two types of online wallets. The better known type are the wallets of cryptocurrency exchanges, which are automatically set up with each account at an exchange. They offer the advantage that users can trade cryptocurrencies directly. This is probably also the main reason why they are so popular, although they have some serious disadvantages.

The biggest disadvantage is that the private keys are owned by the cryptocurrency exchange. As a result, users must be confident that the exchange will store their private keys securely and protect them from hacker attacks in the best possible way. The second type of web wallet are Tezos specific developments. This category includes in particular the TezBox web wallet and the Kukai Tezos wallet.

Below we have compiled an overview of all the advantages and disadvantages of online wallets:

1.Kukai Tezos wallet

The Kukai wallet is an online open source Tezos storage wallet specifically designed for XTZ to support Tezos staking and baking. It offers both a desktop version (Windows, Mac and Linux) and a web client, which can be called from anywhere with an Internet connection conveniently via your own browser. When the Web client is called, the private keys are stored in the local memory of the Web browser (encrypted) and are never sent over the Internet.

The most important function of the Kukai wallet is the offline signing of transactions. This ensures that the private keys are never exposed to the Internet. Once the transaction has been signed offline, it can be sent later once an Internet connection has been restored. This simple, but powerful idea creates a very high level of security, which comes close to the security of a hardware wallet if this function is used correctly.

You can find the Kukai Tezos wallet on this official website.

2.TezBox web wallet

The TezBox wallet was the very first XTZ wallet with a GUI, which was released during the Tezos Initial Coin Offering by a developer from the Tezos community. The Web version of the Wallet, like the other versions, stores the public and private keys on the user’s device. It also supports participation in on-chain governance.

You can access the wallet under this link.

3.Binance wallet

From our point of view, Binance is one of the best options for an exchange wallet. The crypto exchange has earned itself a very good reputation in recent years. Nevertheless, you should be aware that the safekeeping of your Tezos on Binance is not completely secure. The private keys are owned by Binance and are stored by the Exchange on the company servers (or cold storages).

In May 2019, Binance suffered one of the biggest hacks (after Mt. Gox) in Bitcoin’s young history when 7,000 BTCs were stolen. The hackers exploited a vulnerability in the Binance API. Even though Binance took responsibility for the hack, did not pass the loss on to its customers and significantly increased its security measures after the hack, this clearly shows the vulnerability of exchange wallets.

Our tip is therefore: Use the Binance wallet only as long as you actively trade in cryptocurrencies. For long-term storage, you should transfer your XTZ to another wallet, preferably a hardware wallet.

If you would like to register an account on Binance, you can do so via this link*.

Further important information about the Tezos wallet test

The information published in this article has been compiled by us to the best of our knowledge and experience. You should get more information yourself and test different wallets to find the best one for you.

If you have any questions or suggestions about our Tezos wallet review, please leave us a comment. We’ll be glad to help you! We would also appreciate a positive review if you liked this article about the best Tezos wallets.

Der Beitrag The best Tezos wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

Depending on whether you are looking for a hardware wallet, desktop wallet, Smartphone wallet or Web Wallet, you will receive a recommendation from us. The article is structured in such a way that we go from the most secure wallets (hardware wallets) to the most insecure wallets (web wallets).

As an introduction to the topic, however, we will first give you a theoretical introduction to the topic. From our point of view, a basic understanding of the technology is essential to understand which wallet is the best XLM wallet and why. If you already know your way around, you can also skip the info boxes and read our recommendations for the best Stellar Lumens hardware wallets.

Beyond the theoretical understanding, we want to give you two pieces of advice:

Stellar Lumens hardware wallets

Cold storages include hardware wallets and are the safest and best possible alternative for private customers to store cryptocurrencies in the long term according to the current state of technology. With established and proven hardware wallets, it is almost impossible for the private keys to be stolen from the device due to numerous security mechanisms. The main reason for this is that the private keys are stored isolated on the Hardware wallet without ever coming into contact with the Internet.

Since the hardware wallet has to be connected to the Internet for at least a short time to enable incoming and outgoing transactions, hardware wallets are built in such a way that only “non-critical” components are online.

This means that the private keys as well as the backup phrase are stored isolated on the device and do not leave the device even when signing a transaction, i.e. confirming it on the device (by pressing a key on the hardware wallet). As a result, even if hackers succeed in compromising the management software (Ledger Live or Trezor Bridge), they cannot make a transaction.

In addition, the hardware wallets presented in the following have additional security functions that optimally secure them in the event of analog theft. The Ledger hardware wallets as well as the Trezor Model T can be secured with a PIN and 2-factor authentication. This makes it very difficult to steal Stellar Lumens (XLM) even in the event of physical theft.

Therefore hardware wallets are for us an absolute must-have for crypto investors, even if they are not free of charge. The cost/benefit ratio clearly speaks for an investment. Even the price for our test winner, the Ledger Nano X (about 120 Euro), is compared to the amount you probably invested in XLM and other cryptocurrencies as rather low.

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X

Not only for Stellar Lumens (XLM), but also in our comparison test of 8 hardware wallets the Ledger Nano X is our test winner in the category Stellar Lumens hardware wallets. The successor of the Ledger Nano S was introduced in May 2019 and offers some new features compared to the “old” model that justify the purchase even if you already own a Nano S. The new Nano S is a Nano S with a new design and a new design:

• Bluetooth function: The Ledger Nano X can be paired with a smartphone via the Bluetooth function. This allows users to send their Stellar (XLM) via a smartphone without compromising the security of the cold wallet.
• Larger memory: The internal memory of the device has been greatly increased, so that now 100 apps for cryptocurrencies and additional functions can be stored on the new Ledger Nano X.
• Larger screen: The screen has been enlarged. This means that longer reception addresses can now be shown completely on the display, making it much easier to check the address.
• Improved security chip: The central component of the hardware wallet has been reworked and further improved from a security point of view.

Conclusion: From our point of view, there is currently no safer and more user-friendly hardware wallet than the Ledger Nano X! If you would like to learn more about the Ledger Nano X wallet, we recommend that you read our detailed guide and review.

2.Ledger Nano S

Even though the Ledger Nano S has been on the market for a few years, it is still one of the best hardware wallets on the market. In recent years, there has not been a single (known) incident in which cryptocurrencies could be stolen by the ledger Nano S.

With a price of only 59 euros, half the price of the Ledger Nano X, it is an absolute bargain that can store the private keys of well over 1,000 different cryptocurrencies via Ledger Live Software.

Conclusion: If you have only a few different cryptocurrencies besides XLM and can do without the additional functions of the Nano X, the Nano S with a price of only 59 Euro is our top recommendation.

3.Trezor Model T

Like Ledger, SatoshiLabs has completely revamped its long-standing success model, the Trezor One, and released the Trezor Model T in May 2019. A major innovation is the Trezor Bridge software, which makes more cryptocurrencies compatible with the Trezor. The software serves as a “bridge” between the Trezor Model T and third-party software to support previously incompatible coins.

In the case of Stellar (XLM), the Stellar Account Viewer, a lightweight client, is required to send and receive XLM over the Stellar network. Apart from the larger number of compatible cryptocurrencies, Trezor has upgraded its hardware wallet with numerous other improvements:

• Touchscreen: The Trezor Model T has a touch screen that confirms the transactions on the device.
• Firmware Upgrade: The firmware, Trezor Core, has been completely revised and improved for security reasons.
• More powerful processor: The new Model T has a faster processor, which makes operation even smoother.
• Card slot for Micro-SD: A Micro-SD card slot has been added that can be used for data encryption.
• USB-C Port: The “old” USB port has been replaced by the new industry standard, USB-C.

Conclusion: Due to the high price (around 180 euros), the Trezor Model T only came third in our ranking. From our point of view, the Ledger Nano X offers a better price/performance ratio, as it is around 60 euros cheaper and has a few more practical features. In addition, the Nano X has more native apps, requires less third-party software, and is more intuitive to use.

Stellar Lumens (XLM) Desktop wallets

Desktop wallets are downloadable programs that are installed on a computer to store private keys and send and manage cryptocurrencies. Compared to hardware wallets, they have the serious advantage that they are completely free of charge. However, they also have the disadvantage that all hot wallets have in common: The private keys are not stored offline, but come (at least temporarily) into contact with the Internet.

Because of this, desktop wallets require a great deal of responsibility, as the PC used must be regularly supplied with updates and (good) anti-virus software must be installed. If there is insufficient protection, there is a risk that the private keys will be stolen by hackers. However, if the computer is adequately protected, desktop wallets offer a significantly higher degree of security than web wallets. Desktop wallets are therefore the best free option for storing Stellar Lumens (XLM) in addition to mobile wallets.

Below we have ranked the best Stellar Lumen (XLM) desktop wallets in 2019. But first we’ll show you the advantages and disadvantages of using a desktop wallet:

Below you will find our top recommendations for a safe and serious Stellar Lumens desktop wallet:

1.Solar Stellar wallet

The Solar is an open-source wallet developed specifically for Stellar by SatoshiPay and recommended by the Stellar Foundation on the project’s official website. The goal of SatoshiPay is to create a user-friendly wallet that emphasizes speed and security. Accordingly, it is easy to create an account and manage the XLM.

The private keys are stored encrypted on the user’s computer. The key used for this is derived from the user’s password using PBKDF2 with SHA256. This means that the private key is never given to any third party and is very secure as long as the password is strong enough. However, if you forget your password, there is no way to recover your private key unless a backup has been made.

Other features of the Solar wallet include:

• Multi-Sig functionality to add an additional security level to the wallet.
• Integration of the decentralized Stellar Exchange (DEX)
• Testnet support

Conclusion: The Solar wallet is a modern and well designed Stellar Lumens Wallet. If you are looking for a wallet specifically designed for the Stellar network, the Solar wallet is an excellent choice.

You can download the Solar wallet at the following link for Windows, MacOS and Linux.

2.Atomic wallet

If you don’t want to use Stellar-specific development for the storage of XLM, the Atomic Wallet, a Multi-Coin-Wallet, is our top recommendation for you. With over 300 compatible cryptocurrencies, the Atomic is one of the most comprehensive multi-coin wallets on the market and some of the few that support Stellar Lumens (XLM).

The Atomic wallet is also supported by the fact that it has a very well-known publisher, the CEO and co-founder of the popular crypto-exchange platform Changelly.com, Konstantin Gladych. In addition, it implements three central demands of the crypto industry:

• Security,
• Anonymity and
• Decentralization.

To ensure security and anonymity, the private keys and transaction data are stored encrypted on the user’s computer. This means that neither the developers nor any third parties have access to this sensitive data. Decentralization is implemented by the Atomic Swap function, from which the wallet gets its name.

Atomic Swaps allow users to exchange cryptocurrencies directly with each other, peer-to-peer. Since the function is not yet available for all coins, the developers of the wallet have also integrated the exchange services of Changelly and ShapeShift.

Considering the functional scope and the high security level, the Atomic wallet is our top recommendation among the multi-coin wallets. To download the Atomic Wallet, you can visit the official website (click here!). There you can find the wallet for Windows, Mac, Ubuntu, Debian and Fedora.

3.Foxlet Stellar wallet

The Foxlet wallet is an open source desktop wallet for the exclusive storage of XLM, which operates a complete node. This means that the download of the complete Stellar Blockchain is required. In addition, the wallet must be synchronized with the blockchain with every login in order to be up to date.

The Foxlet wallet stores the private keys as a file locally on the user’s computer and encrypts them. The wallet is thus as secure as the security of your PC. Another advantage of the wallet is that the transactions are signed offline. Another advantage of the Foxlet is that there is no obligation to register, which makes it possible to act anonymously.

In addition, it is a well-designed and easy-to-use wallet that also allows Asian users to deposit, withdraw and manage Chinese yuan and Japanese yen. However, the Foxlet also has two disadvantages: On the one hand, no two-factor authentication is offered. In addition, multi-signature is not supported.

The Foxlet is available for the operating systems Windows, Mac and Linux on the official website.

Mobile Stellar Lumens wallets for iOS and Android

Mobile wallets are programs (apps) that, as the name suggests, can be installed on a smartphone and then offer the advantage that you can also make transactions while on the move. Beyond this feature, they are very similar to desktop wallets.

The private keys are stored on the user’s terminal device, just like in a desktop wallet. Like your computer, your smartphone (probably) is also permanently connected to the Internet, potentially putting your private keys at risk.

The topic is even more critical for smartphones, as many smartphone users use public hotspots in cafés, restaurants or at the airport. The problem is that hotspots are public networks in which your data is transmitted completely unencrypted.

If you don’t use a data encryption yourself, the login data to your exchange account or your wallet can be stolen, for example. This makes it all the more important to protect a mobile wallet in the best possible way when using it.

The following overview provides an overview of the advantages and disadvantages of mobile wallets:

The selection of mobile Stellar wallets is rather limited. A few wallets are recommended on the official Stellar Foundation website. However, in various online forums and Reddit there are also some negative testimonials. So the Lobstr wallet is recommended. Experience reports, like this one, have kept us from recommending more mobile wallets for Stellar.

1.Infinito wallet

Since there is no mobile Stellar Wallet, which is developed exclusively for XLM and can convince all along the line, the Infinito wallet is our top recommendation. The Infinito is a Multi-Coin-Wallet, which is exclusively available for iOS and Android and has over one million active users worldwide. Since 2017, it has been developed by the Infinity Blockchain Group, a company headquartered in Singapore.

The Infinito wallet is a hierarchically deterministic (HD) wallet that places great emphasis on security and ease of use. To protect the wallet, the user can assign a password, touch ID and passphrase. Furthermore, the private keys are stored locally on the user’s smartphone and not on centralized servers.

For each transaction, a new address is generated, which is connected to the “original address” (= HD-Wallet), which is very important from the aspect of improving anonymity. A further plus point with regard to security is that the Infinito wallet has been audited by the IT security company Smart Dec.

In addition to the very good security level, the wallet scores particularly well with its numerous additional functions:

• Touch-ID: The Touch-ID can optionally be used to unlock the account.
• Contact management: Frequently used crypto addresses can be stored in a list, a kind of contact management.
• Support for multiple languages: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
• QR-Code-Scanner: Import of addresses via QR Scanner
• Optimization of transaction speed: Economy, Regular or Premium
• Import and export of private keys: The private keys can be imported and exported.
• Crypto credit function: Cryptocurrencies can be loaned via the “Crypto Lending” function in order to earn passive income.
• Export transaction history: Export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one point of criticism! The Infinito wallet does not offer 2-factor authentication.

2.Stargazer Stellar wallet

The Stargazer is a Stellar wallet available for desktop and mobile devices (Android only). It is an uncomplicated interface to the Stellar Ledger that simplifies the process of sending and receiving lumens (XLM). There are several features that have made Stargazer popular. First, it is open source software, which means that the source code can be verified by anyone. In addition, it offers the possibility to create multiple accounts, set up Federated Addresses and has a multi-signature function integrated.

A big advantage of the wallet is its safety. So the private keys are stored locally, encrypted on the Android smartphone of the user. The encryption, decryption and signing of the transaction takes place within the app (within the keychain service in app/core/services/keychain.js). The only time an unencrypted private key leaves the App service is when an account is exported and the user does not use password protection.

There have been a number of complaints in the past about errors in the Stargazer wallet that did not allow users to send or receive XLM. However, they all seem to have been corrected by now. In addition, there have been no complaints about the impairment of the security of the wallet so far.

The functions of the wallet include:

• Multiple accounts (personal and joint)
• Send to: Stellar Addresses, Federated Addresses, E-mail Addresses
• Creating/Receiving Multi-Sig/Multi-party Signing
• Creation of a contact book
• Add comments to transactions
• Import/export of accounts

Stellar Lumens online wallets

Online wallets are among the most popular wallets on the market, although they offer the lowest level of security. This is mainly due to the fact that no installation but only a registration is required. Thus they make a fast entrance possible in particular for beginners.

This is especially true for wallets on cryptocurrency exchanges, which newcomers are very happy to use to store their cryptocurrencies. What users of Exchange wallets must be aware of is that the trading platform is in possession of the Private Key. Since exchanges are a popular target for hackers, the user must fully trust the platform. On the other hand, there are Stellar Lumens specific wallets. Here at a whole, Stellar Account Viewer should be mentioned first.

Below we have compiled an overview of the advantages and disadvantages of online wallets:

1.Stellar Account Viewer

Due to the lack of secure and trustworthy online wallets developed specifically for Stellar Lumen (XLM), the Stellar Account Viewer is our top recommendation, even if the tool is not really a wallet!

The Stellar Account Viewer is a simple tool offered by the Stellar Foundation, on the official website (stellar.org), to create an account in the Stellar network (creation of a public and private key), display and perform transactions with it. No more, no less! In order to carry out transactions, only the Private Key must be entered on the website, which also serves as the login for the account.

Note: Even if the Stellar Account Viewer is ranked first in our online wallet ranking, you should still look for another option for long-term investments. A good option might be to print the Private Key and store it offline (=”paper wallet”). If you own a Ledger or Trezor hardware wallet, you can use it in combination with the Stellar Account Viewer to store your private key.

2.Binance wallet

From our point of view, storing Stellar Lumens (XLM) on Binance is only a good idea if you want to trade actively with XLM. For this purpose, Binance, one of the world’s largest and most popular cryptocurrency exchanges, offers over 150 cryptocurrencies. Stellar Lumens is one of these cryptocurrencies that can be traded against Bitcoin, Ethereum, Binance Coin and Tether.

If you use the Binance Wallet, you should be aware of the disadvantages. On the one hand, Binance is in possession of your private keys, so you must rely on sufficient protection. Secondly, Binance is a popular target for hacker attacks. The numerous hacks of cryptocurrency exchanges in recent years have shown how vulnerable cryptocurrency exchanges are.

Not even Binance is safe from attack, as demonstrated by a hack in May 2019, in which 7,000 BTC were stolen due to a vulnerability in the Binance API. It is true that Binance strengthened the security measures again immediately after the hack and compensated for the loss itself. Nevertheless, the hack clearly shows the vulnerability of exchange wallets. Our recommendation is therefore: Use the Binance wallet only as long as you trade in cryptocurrencies!

If you would like to set up a Binance account, you can do so via this link*.

3.eToro wallet

The eToro wallet is not a “classic” exchange wallet as you probably know it from Binance, Bitfinex or another cryptocurrency exchange. This is because eToro is not only a cryptocurrency broker, but also offers traditional financial instruments (such as ETFs, securities, etc.).

You can click on this link (click here*) to create an account and wallet with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

In the following we have summarized the most important aspects of the use of web wallets:

Stellar Lumen paper wallets

Creating a Stellar Lumen paper wallet can be a very good choice if you want to save XLM offline and don’t want to store it for a long time. Since the password, address and private key are “stored” on a piece of paper, hackers cannot access these data. Only when you want to send a transaction do you have to use a wallet. Receiving XLM also works “offline”, because you only have to give your (public) XLM address to the sender.

1.Stellar Account Viewer

Even though the Stellar Account Viewer is not directly a paper wallet generator, we believe it is still the best way to create a public and private key. It is offered on the official website, stellar.org, and can therefore be regarded as absolutely trustworthy.

After generating the keys you can print them out and keep the note offline so that no hacker can gain access to your XLM. When creating the Wallet, make sure that your PC is free of malware.

Further important information about the Stellar Lumens wallet test

Finally, we would like to give a hint: In this article, we have compiled the available information according to our best consciences and from our own experiences as well as from the experiences of acquaintances.

Despite all efforts on our part, you should seek further information and opinions. In the best case you should just install some wallets yourself and try them out. This is the best way to find out which wallet is best for you.

If you have a question or a suggestion for improvement, please leave us a comment. We are happy to help you and are open for constructive criticism! We would also appreciate a positive review if you liked our contribution to the best Stellar Lumen wallets!

Der Beitrag The best Stellar Lumens (XLM) wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

Before we dive into the topic, however, it is very important from our point of view to have a basic understanding of cryptography (the technology behind cryptocurrencies) and wallets. Therefore, we will first give you a short theoretical introduction to the topic. If you are already well informed, you can skip this part of the post.

Create an EOS Account

If you want to buy EOS (click here to read our guide) and create a wallet, you will come across a peculiarity that will initially be very confusing for many beginners. You have to create an EOS account! While a few wallets have already integrated this step into their software, others do not, which is why external software must be used.

The “surprising” thing is that new accounts can only be created by someone with an existing account. If you don’t have a friend who has an EOS account, however, there are several websites and tools that can set up an EOS account for you for a fee. In addition, some wallets have already integrated this service to serve as a “friend”.

The best known site is currently: https://eos-account-creator.com/. In the following we want to explain the process to you briefly on the basis of the aforementioned website.

Once you have accessed the above website, you will need to specify an account name. An EOS Account Name must be exactly 12 characters long and may only consist of small letters and numbers up to 5. You can either make up your own name and check if it is still available or you can click on “I’m feeling lucky” to automatically generate a name.

Then you have to generate the Private and public keys for your EOS account. To do so, we recommend the “Simple javascript generator”, which can be seen in the middle part of the website. This generator generates a public key and a corresponding private key. The public key is public for everyone. The private key is your secret. Therefore you must write it down on a piece of paper and keep it safe. You can use the first pair of keys for the “Owner” addresses.

After you have entered the “Owner public key”, you have to use the generator a second time for the “Active” addresses. You can enter the public key again on the website (under “Active public key”). The “Active”-private key is again your secret!

The “Active” key is the key you will use for daily operations, such as interaction with dApps or money transfers. This is also the key that you can later enter into a wallet. If this key is compromised, there are “Owner” keys that you can use to restore control over your account and cancel outgoing transfers that have not yet been made, for example. The “owner” key is therefore also very important, since the person who owns it is the actual owner of the account. For both private keys, it is essential that you keep them safe offline.

The cost of creating an EOS account on the aforementioned website is currently USD 6.37 for payment by cryptocurrency or USD 8.44 for payment by credit card. Included in the price are 0.2 EOS strokes and 4 KB RAM delegated to your newly created account.

In the fourth step you can now download or set up an EOS Wallet. Please note, however, that some wallets have an EOS Account Generator integrated, so you can choose between the generator presented above and that of the wallet. If you have used the EOS Account Creator, you can also import the keys into (almost) any wallet.

The best EOS hardware wallets

Hardware wallets are by far the best option to store cryptocurrencies. They have the highest security standard and are more practical than paper wallets. While the private keys in hot wallets are connected to the Internet, in hardware wallets they are stored exclusively on the device.

Due to the architecture of the hardware wallet operating system, the private key stored in isolation will never have an conntection to the Internet even if an EOS transaction is released. The architecture makes it almost impossible for hackers to gain access to the private key.

In addition, hardware wallets are also very well protected if the device itself is stolen. All hardware wallets presented in the following section have both PIN and 2-factor authentication, making it very difficult to steal the stored EOS from the hardware wallet even in the event of physical theft.

For us hardware wallets are an absolute must-have if you want to invest in EOS or other cryptocurrencies in the long run. In relation to your investment the prices for a hardware wallet are very low. Even our test winner, the Ledger Nano X, is comparatively inexpensive with 120 euros. If this is too expensive for you, you should have a look at the Ledger Nano S, which costs only 60 Euro and offers an unbeatable price/performance ratio.

In the following box we have compiled a summary of the advantages and disadvantages of hardware wallets:

The best 3 Hardware Wallets in 2019

Hardware Wallet	Info	Test
Buy the Ledger Nano X*	⚡ OUR test champion: The Ledger Nano X ✅ Manage 100 cryptocurrencies simultaneously ✅ Compatible with more than 1,100 cryptocurrencies ✅ Bluetooth connection for mobile wallet ✅ New flagship of the market leader ⛔ Price: 119,90 € - in the middle range	Read our review
Buy the Ledger Nano S*	⚡ Best price/performance ratio: The Ledger Nano S ✅ Very good Price: 59,90 € ✅ Compatible with more than 1,100 cryptocurrencies ✅ Proven quality: more than 1.3 million units already sold ⛔ Manage max. 5 cryptocurrencies simultaneously	Read our review
Buy the Trezor Model*	⚡ 3rd place: The Trezor Model T ✅ Over 1,000 cryptocurrencies supported ✅ Proven quality from Trezor ✅ Firmware is not installed on the device until you start it ⛔ In comparison to the Nano X: less features and functions  ⛔ High price: about 180 €	Read our review

1.Ledger Nano X

The Ledger Nano X is our test winner of 8 hardware wallets we have tested. Of these 8 wallets, however, only three support the EOS cryptocurrency. One of these is the Ledger Nano X, which was launched on the market in May 2019 as the successor to the Ledger Nano S.

Compared to its predecessor, it has some new features. The most striking change is certainly the new Bluetooth function, which allows the Nano X to be paired with a smartphone. Via the Ledger Live App the Nano X can be operated like a mobile Smartphone Wallet.

Furthermore, the Ledger Nano X contains an improved security chip, which should make the hardware wallet even more secure. In addition, the Nano X has a much larger memory than the Nano S, which means that up to 100 apps for cryptocurrencies, security features, etc. can now be installed on the device. The fourth major change is the enlargement of the display, which makes it much easier to check the EOS address before releasing a transaction.

Conclusion: From our point of view there is currently no better hardware wallet than the Ledger Nano X! Ledger sets a new standard in terms of both functionality and operation that can be surpassed.

2.Ledger Nano S

Although the Ledger Nano S got replaced by the Nano X, there are still good reasons to buy the Ledger Nano S. It has been purchased more than 1.3 million times worldwide, which speaks for a very strong and reliable security of the wallet. So far, no cryptocurrencies have been stolen from the Nano S.

The second big plus point of the Nano S is the currently low price of only 59 euros. Who can live without the new functions of the Ledger Nano X and wants to manage only a small number of cryptocurrencies, e.g. only EOS and Bitcoin, gets a hardware wallet whose price/performance ratio is unbeatable.

3.Trezor Model T

Also in May 2019 SatoshiLabs has presented a new hardware wallet with the Trezor Model T. Just like Ledger, SatoshiLabs has completely redesigned its long-standing success model, the Trezor One, and launched a hardware wallet with numerous new features and improvements.

Compared to the Trezor One, the hardware wallet now supports significantly more cryptocurrencies, which is realized via the new Trezor Bridge software (which is only compatible with the Model T and not the Trezor One). It serves as a “bridge” between the Trezor Hardware wallet and numerous third-party software wallets. In the case of EOS, this is the less well-known Bloks.io Web Wallet. In addition, the Trezor Model T offers the following functions and new features:

• Touchscreen: The Trezor Model T has received a touch screen for releasing the transactions on the device.
• Firmware upgrade: The firmware (Trezor Core) has been completely renewed and improved from a security point of view.
• Faster processor: In addition, the new model has a faster processor, which makes operation even smoother.
• Micro SD card slot: A Micro SD card slot has also been added that can be used for data encryption.
• USB-C port: The old port has been replaced by a modern USB-C port.

Conclusion: The Ledger Nano X performs better than the Trezor Model T in a direct price/performance comparison. The Nano X is around 60 euros cheaper and also has more functions. Nevertheless, the Trezor Model T is one of the best hardware wallets on the market. Supporters of the Trezor wallets point out that, unlike Ledger, the code for all components of the Trezor hardware wallets is open source. It thus offers greater transparency.

The best EOS desktop- and mobile wallets

In contrast to hardware wallets, desktop and mobile wallets are hot wallets. These are programs that are installed on a computer or smartphone. After installation, EOS can be sent and received via the software. However, the wallets differ in some respects with regard to their functional scope.

While EOS specific wallets, such as the Greymass or SimplEOS Wallet, offer the advantage that they are fully compatible with the EOS ecosystem and can be used via decentralized applications (dApps) on the EOS blockchain, multi-coin wallets offer numerous other useful functions. Depending on which functions are more important to you, you should choose your wallet.

If one considers the security standard of desktop and mobile wallets and classifies them in a ranking, they can be classified between hardware and web wallets. Compared to web wallets, they have the advantage that the private keys are stored on your own computer and not on an external server. However, they do not offer by far the same security as a hardware wallet.

Desktop as well as mobile wallets are our top recommendation if you are looking for a free wallet for EOS. Below you will find an overview of the advantages and disadvantages:

Below you will find our top recommendations for secure and reputable EOS desktop and mobile wallets:

1.SimplEOS Wallet

The SimplEOS wallet was specially developed for the EOS platform and therefore offers all the functions provided by the EOS.io software. The wallet is developed by EOS Rio, a block producer of EOS, and is recognized as an ‘official’ EOS wallet by the EOS community and other block producers. The wallet only stores the private keys locally. In addition, they can be encrypted with a user-defined password of more than 10 characters. Another advantage is the very clear user interface, which is very easy to use.

The numerous functions of the SimplEOS wallet include:

• Support of airdrops of the EOS ecosystem
• Staking for RAM and bandwidth
• Voting for block producers
• Using EOS dApps
• Contact list and transaction history management
• Creation of multiple accounts
• Importing the Exodus wallet
• Integration of the Block Explorer EOS Flare

It is important to know that with the SimplEOS wallet you can also create an EOS account from within the Wallet. However, payment is only possible in EOS, so you must already own EOS on Binance or another cryptocurrency exchange in order to use this function.

Conclusion: SimplEOS supports practically all functions offered by the EOS ecosystem. In this respect, the SimplEOS wallet is clearly aimed at users who not only see EOS as an investment, but also want to participate in the EOS ecosystem. The software can be downloaded for the Windows, Linux and MacOS operating systems from the official website.

2.Infinito Wallet

The Infinito is a Multi-Coin-Wallet, which is only available as Smartphone version for iOS and Android and is developed by the Infinity Blockchain Group. The wallet was released in 2017 and has since been used by over a million users worldwide.

Since it is a hierarchically deterministic (HD) wallet, the security of the wallet can be rated as good. A password, touch ID and passphrase are available to protect the wallet. In addition, the private keys are stored locally on the user’s smartphone and not on centralized servers. A further security advantage is that the Infinito wallet has been audited by the IT security company Smart Dec.

The great strength of the wallet, however, are the numerous functions that set it apart from other multi-coin wallets and make it the best mobile EOS wallet:

• dApp-Browser for EOS: The dApp-Browser “App Square” enables the user not only to keep his cryptocurrencies, but also to use them in decentralized applications (dApps) of EOS, Ethereum, NEO, Ontology and the Binance Chain.
• Contact management: Frequently used crypto addresses can be stored in a kind of contact management.
• Touch-ID: Touch-ID can optionally be used to unlock the wallet.
• Multilingual: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
• QR code scanner: Addresses can be imported very easily using the QR scanner.
• Import and export of private keys: Any private key of all supported cryptocurrencies can be imported and exported.
• Crypto credit function: Cryptocurrencies can be loaned via the “crypto lending” function in order to earn passive income.
• Export transaction history: Display and export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one big point of criticism! The Infinito wallet does not offer 2-factor authentication. Furthermore, you should know that the Infinito does not have an integrated EOS Account Generator, so you should use our recommendation, the ‘EOS Account Creator’.

3.Greymass EOS Voter wallet

The GreyMass EOS Voter is a light client and desktop wallet released by Team GreyMass, a block producer of EOS. The wallet was created in the first days of the EOS mainnet because the developers of GreyMass wanted to develop a simple EOS voting tool so that everyone could participate in the EOS Delegated Proof of Stake. In addition to the usual wallet functions, the wallet has the following features:

• Vote on the block producers: Via the wallet you can directly select a block producer you would like to support.
• CPU / Bandwidth Staking: You can stack your EOS for either bandwidth or CPU to get rights to use these resources on the network.

The security of the wallet is very good. When using the GreyMass Wallet, all transactions within the application are signed and the private keys are stored locally on the user’s computer and never transferred to third parties. If a local wallet password is specified, it will be encrypted with AES-256 encryption.

A disadvantage of the wallet is that it is designed to be particularly user-friendly. On the one hand the user interface is a bit confusing, on the other hand a download exclusively from GitHub in the form of a zip file is possible. Thus the installation can already be a first obstacle for beginners. In this respect, from our point of view the wallet is aimed more at advanced users who would like to participate in EOS Staking.

The GreyMass wallet is available via this link to GitHub for Windows and Mac: https://github.com/greymass/eos-voter.

4.Atomic wallet

If you see EOS as a pure investment, don’t want to use EOS decentralized applications and don’t want to participate in the voting of the EOS block producers, the Atomic wallet could be a very good choice for you. The Atomic wallet is a multi-coin-wallet , which addresses itself above all to users, who want to administer different cryptocurrencies in a Wallet.

With over 300 cryptocurrencies, the Atomic Wallet can meet this requirement perfectly. With the multi-coin-wallets there is hardly a Wallet, which can administer a larger number of different cryptocurrencies.

This is probably one reason why the wallet is so popular in the community. It was released in 2017 by Konstantin Gladych, CEO and co-founder of Changelly.com. Another reason is certainly that the developers have focused their development on three central demands of the crypto industry:

• Security,
• Anonymity and
• Decentralization.

In accordance with these requirements, both the private keys and transaction data are stored in encrypted form on the user’s terminal device. Neither the developers nor other third parties have access to it. The third requirement – decentralisation – is implemented by the fact that the wallet has integrated Atomic swaps.

This enables users to exchange cryptocurrencies directly with each other, peer-to-peer, without the need for a third party to act as an intermediary. For cryptocurrencies that are not yet supported via Atomic Swaps, the Atomic wallet provides the Changelly and ShapeShift services integrated into the Wallet.

In addition, the Atomic wallet has a cooperation with EOS, whereby an EOS account can be created from the wallet, as the following video shows.

The wallet is available on the official website for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store.

5.Exodus wallet

The Exodus wallet is also a Multi-Coin wallet that can manage more than 100 cryptocurrencies and display their value in over 30 different Fiat currencies. The wallet is one of the oldest Multi-Coin wallets on the market and was released in July 2016. The wallet has three main components:

• the Multi-Coin Wallet,
• a portfolio tracker (in 30 Fiat currencies)
• and an integrated exchange service from ShapeShift.

In addition to these functions, the Exodus wallet offers a good basic protection for your EOS. Neither the developers nor other third parties have access to your private keys, as they are stored locally and encrypted on your computer. However, in the crypto community there are also two criticisms of the wallet.

For example, the backup function by e-mail is criticized because sending by e-mail is classified as potentially insecure. On the other hand, the lack of the possibility of two-factor authentication is criticised. Both facts show that the security can be classified as rather mediocre, since attackers only have to hack the password via the e-mail backup and then already have full access to the wallet.

From the point of view of EOS users, there are also three other disadvantages:

• EOS Airdrops are credited to the account, but cannot (yet) be accessed or managed via the Exodus Wallet. The Airdrop tokens can only be viewed in EOS Block Explorer.
• Currently, it is not possible to vote for block producers within Exodus. For this you have to use another wallet like GreyMass Voter, SimplEOS or Scatter.
• It is currently not possible to create multiple accounts within Exodus.

If these are not K.O. criteria for you, you can follow the link, which will take you directly to the official website of the wallet (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

The best online wallets for EOS

The great advantage of online wallets is that they can be set up very quickly and used immediately. Unlike the other wallets, no installation or backup is necessary. All users have to do is create an account and usually enter only a small amount of information.

It is important to know that there are two types of online wallets. The better known type are the wallets of the cryptocurrency exchanges. They offer the advantage that the user not only owns a wallet but can also use the trading platform to trade and buy cryptocurrencies. This is probably also the main reason why exchange wallets are among the most popular wallets, although they have some serious disadvantages.

Thus the private keys are stored by the cryptocurrency exchange. As a result, users must be confident that the vendor is storing EOS and other cryptocurrencies securely and protecting them from hacker attacks. The second type are EOS-based specific developments of online wallets. In this category there is currently no recommended wallet from our point of view, after the Scatter web wallet was discontinued and is now only available as a desktop version.

Below we have compiled an overview of all the advantages and disadvantages of online wallets:

1.Binance wallet

Binance is one of the best options for an exchange wallet if you want to trade with cryptocurrencies. Binance has earned a very good reputation over the past few years and is therefore very popular in the crypto community. Nevertheless, you should be aware that storing your EOS on Binance is the most insecure storage solution. The Private Keys are owned by Binance and are stored by the exchange on the company servers (or cold storages).

In May 2019, Binance experienced one of the biggest hacks (after Mt. Gox) in Bitcoin’s young history when 7,000 BTCs were stolen when a vulnerability in the Binance API was exploited. Even though Binance took responsibility for the hack, did not pass the loss on to its customers and significantly increased its security measures after the hack, this clearly demonstrates the vulnerability of exchange wallets.

Our tip is therefore that you should only use the Binance wallet as long as you actively trade in cryptocurrencies. For long-term storage, you should transfer EOS to another wallet, preferably a hardware wallet.

If you would like to register an account on Binance, you can do so via this link*.

2.eToro wallet

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Below we have summarized the advantages and disadvantages of Web wallets:

Further important information about the EOS wallet test

The information presented was compiled to the best of our knowledge and experience. Therefore, you should gather more information yourself and test different wallets to find the best one for you.

If you have any questions or suggestions about our EOS wallet test, please leave us a comment. We’ll be glad to help you! If you liked this article about the best EOS Wallets, we would appreciate a positive review!

Der Beitrag The best EOS wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.