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Top Hot Crypto Wallets to Store Your Coins Safely

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A hot wallet is a wallet that is always connected to the Internet. It is a convenient and easy-to-use tool for trading and exchanging LTC to XVG or other cryptocurrencies. It is available in desktop, mobile, and browser-based variants, allowing users to sell and buy coins and tokens quickly without additional configuration.

There are currently a large number of hot wallets on the market. This post presents six proven and reliable options with a user-friendly interface, adequate security levels, good ratings, and a large selection of available cryptocurrencies and tokens.

Advantages of Hot Crypto Wallets

  • They are free to use.
  • Transactions are fast and clean.
  • You can use both multi-currency wallets and wallets per cryptocurrency.
  • They are compatible with many cryptocurrencies.
  • They are perfect for beginners who don’t have much money in their assets.

6 Best Crypto Wallets in 2022

Here is a list of the best hot storage:

  1. Blockchain Wallet

They developed this service in 2011. You can use it from your browser or by installing the mobile app for iOS or Android. Since its inception, over 37 million people in 200 countries have been customers of this platform. This cryptocurrency storage is part of the ecosystem of the major exchange Blockchain.com. The keys are stored on the company’s servers.

  1. Atomic Wallet

It supports over 300 currencies and tokens. You can access it through Windows, macOS, Linux software, and iOS and Android mobile apps. There is a section on price monitoring of cryptocurrencies, which contains a graph of current exchange rates and weekly changes. Developers don’t collect user data and use a 12-word seed code to regain access to the storage.

  1. Trust Wallet

It was announced as a mobile app for operating systems such as iOS and Android. The storage doesn’t collect any personal information. It supports over 100,000 cryptocurrencies. This wallet is based on the Kyber Network protocol and can work with decentralized exchanges. 

Of course, it is inferior to hardware wallets in terms of security, but it is a reasonably secure application in the storage category. Ideally, you must devise a strong password and passphrase and save it on an external medium.

  1. Guarda

Guarda is hot storage that works on PCs, mobile phones, and web browsers. It can be set for free and supports about 50 types of cryptocurrencies. It allows you to purchase compatible coins using a debit or credit card. Users can also create their ERC-20 tokens for their projects. But this storage doesn’t offer any recovery options. So, if you lose your password and recovery phrase, you will also lose your money.

  1. MetaMask

MetaMask is provided as a browser extension and mobile app. You can interact with almost all popular blockchain-related programs and websites. It has a fairly limited number of coins. Popular are Ethereum, Polygon, Avalanche, and more. But you can’t store Bitcoin. Instead, you can connect MetaMask to hardware wallets from Trezor and Ledger. The function is similar to Trust Wallet.

  1. Exodus

This multi-currency storage is available in computer apps, browser extensions, and mobile formats. It is suitable for beginners. It supports hundreds of cryptocurrencies. You can buy, sell, exchange DASH to ETH or other coins, and store them. The use of the storage is free of charge. But you can only use it for blockchain transactions. Also, Exodus can work with Trezor hardware wallets to securely store large amounts of cryptocurrencies in its possession.

Conclusion

For those who own cryptocurrencies, the reliability and stability of the storage are of paramount importance. The six wallets featured here are trusted by the blockchain community and are loved by millions of users around the world.

 

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