Just like a regular wallet, which retains your money, crypto wallets will also keep your cryptocurrencies safe. however, instead of storing physical currency, the wallet stores relevant information. That includes the secure private key you use to access Bitcoin addresses and carry out transactions. Given that many investors are new to the crypto niche and may not know how to keep their investments secure, hackers are coming up with ingenious ways of stealing funds. That’s why the safest place known today to keep your cryptocurrency is in a crypto wallet. Nevertheless, different wallets exist as they all try to attempt to secure your cryptocurrencies from hackers. In this article, we’ll go over the top crypto wallets for affiliate marketers.

In 2013, a new type of cryptocurrency wallet emerged – the hardware wallet. A hardware wallet is a cryptocurrency wallet that stores its private keys in a secure hardware device. Furthermore, this device is not online. The main principle behind hardware wallets is to provide total isolation between the private keys and your easy-to-hack computer or smartphone. Thus, it will prevent a remote attacker from being able to steal your coins. If you need one, keep reading to discover top crypto wallets. 

Ngrave

According to their announcement in June 2020, Ngrave is available to the public after raising more than $159,000 from a crowdfunding campaign on Indiegogo. Nevertheless, Ngrave states that their development of a new wallet started due to two problems they were facing with existing wallets. First, they all rely on the interior chip for generating the user’s key (which Ngrave claims are likely to have “backdoors”).

Secondly, all existing solutions give you a key. Unfortunately, they may have a database holding all of them they ever made, including yours. Therefore, Ngrave thought of an idea for a wallet that has “outside” elements for an extra layer of security. Essentially, it is like fingerprints. Meaning, the ZERO introduces a generation process that relies on the interior chip and includes biometrics and surrounding light. Then, the ZERO enables interaction with the key in an offline setting. Moreover, underneath the multiple layers of physical protection, the device embeds a Secure Element (SE). As a result, the special design acts as an additional vault for private keys. Essentially, the secret access keys to the funds.

Ngrave is the first blockchain technology product to earn the EAL 7 security certification. Not only that, but it is pocket-size with a high-end touch screen and seamless QR codes based communication and fully manufactured in Belgium.

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Ledger Nano S

Ledger Nano S is a hardware wallet used for the storage of and transactions in popular cryptocurrencies like Bitcoin and Ethereum. Also, other popular altcoins like LitecoinBitcoin Cash, and ZCash. A USB connectivity powers it. Ledger Nano S includes firmware-level support for companion apps for various cryptocurrencies. It allows users to send and receive cryptocurrency payments. Also, users can check their accounts and manage multiple addresses for each cryptocurrency from the same device. It protects the cryptocurrency holdings and wallet addresses. The Secure Element of the device hard-locks the private keys. 

You need to enter a 4-digit secret PIN code each time you plug in the machine for any transaction or queries. Luckily, it prohibits any misuse in case of loss or theft. Not only that, but the device also supports the FIDO® Universal Second Factor standard. That simplifies the authentication process on compatible and popular online services like Dashlane, Dropbox, Gmail, and GitHub.

Expect secure import and export of recovery sheets for easy backup and restoration on any Ledger device or compatible wallets with the BIP39/BIP44 standards. Furthermore, the device claims to be malware-proof and is compatible with Windows (7+ versions), Mac (10.9+ versions), Linux, or the Chrome operating system.  Since it derives the necessary power from USB, you don’t need batteries. Therefore, it is easy to operate.

The device looks like a standard USB pen drive. Fortunately, you can connect it to any compatible computing device through the accompanying USB cable. Also, it offers a suitably sized built-in display offering real-time messages and views to check and confirm funds and transactions on the device using physical buttons. The company has sold more than one and a half million devices in the last few years. Moreover, it has recently released a new hardware wallet: the Ledger Nano X.

KeepKey

Each KeepKey device generates a 12-word recovery sentence during initialization. You can use it to retrieve private keys. However, you need to create a unique PIN code when setting up the wallet. It generates cryptocurrencies’ private keys using its hardware-based random number generator. Then, that is combined with randomness provided by your computer. On this device, you must manually approve each transaction using the confirmation button. Moreover, KeepKey boasts a recovery feature that allows users to retrieve accounts from a damaged or stolen device.

KeepKey supports cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and 46 ERC-20 tokens. Not only that, but hе KeepKey wаllеt іѕ easy tо uѕе. It does not require a battery for its operation. You can connect this device via a USB port to a Linux, Mac, or Windows operating system device. KeepKey also works with a mobile phone when connected with an OTG adapter cable.

The device’s security features рrоvіdе protection аgаіnѕt both рhуѕісаl and virtual thеft. Also, you can use it оn any соmрutеr, еvеn оnе infected with malware. It uses the BIP32 protocol to store the private keys of all digital assets. Not only that, but KeepKey is a USB HID-class device and offers a large display. Darin Stanchfield founded it in 2015. The current headquartered are in the US. KeepKey acquired the Bitcoin wallet Multibit in 2016. Afterward, in 2017, Shapeshift acquired it. 

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The Bottom Line

Keeping your crypto wallet safe is essential as crypto wallets are high-value targets for hackers. Basically, some safeguards include encrypting the wallet with a strong password and choosing a cold storage option like storing coins offline. Moreover, it is advisable to frequently back up your desktop, and mobile wallets. Unfortunately, problems with the wallet software on your computer or mobile device could erase your holdings. 

Do you use any of these cyrpto wallets? Please, share your experience below.

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