When you buy cryptos through any cryptocurrency trading platform, you are provided with an option to store your cryptos in the trading platform itself by submitting your private keys. But, trading platforms are either susceptible to getting hacked , or getting under malicious attacks.
Considering these risks, most cryptocurrency investors opt to store their cryptocurrencies in secure decentralized mobile wallets. Cryptocurrency wallets are a secure place to store your cryptos- much like other regular digital wallets, cryptocurrency wallets are a secure and reliable place to store your cryptos and to protect your funds from digital attacks.
Cryptocurrency wallets like XcelPay Wallet is a mobile wallet built on a blockchain network. Through blockchain networks, cryptocurrency wallet enables users to move their crypto funds across the blockchain network, while also allowing users to view their transactions, and account balance.
“Not your keys, not your cryptos” is an essential golden rule of security that any cryptocurrency investor ought to remember. Many custodial exchanges have access to users’ wallets and security keys, and these exchanges transact and hold funds on user’s behalf. However, decentralized cryptocurrency wallets like XcelPay Wallet auto-generates 12-word private keys or mnemonics. This ensures that users have full-control over their funds. Noone, can access these mnemonics, except for the wallet holder.
XcelPay Wallet is backed-up by mnemonics, PIN code ,and Biometrics. The decentralized cryptocurrency wallet is the most secure and reliable place to store your Bitcoin, Ethereum, and other multiple tokens. Protect your funds in cryptos using XcelPay Wallet mobile app, and make sure to back-up your mnemonics in a secure offline space. In case you lose your mobile device, you can easily recover your cryptos using mnemonics. However, so can anyone who is able to gain access to your “twelve word seed phrase”. Do not share your mnemonics. They are for you, and only for you to keep.
Download XcelPay Wallet app in your android and iOs Devices to send, receive and store multiple cryptos in a secure place.
Xcelpay Wallet App: http://bit.ly/xcelpaywallet