Cryptocurrencies are getting more and more popular nowadays, because they completely anonymous, do not require special knowledge for their use, and available nearly anywhere. Multitudes of banks all over the world accept cryptocurrencies, and most of Forex brokers use them to refill their accounts and for traders’ money withdrawal. The very first and the most popular cryptocurrency is Bitcoin (BTC), and all other cryptocurrencies are compared to Bitcoin and only after it – to fiat money. Therefore, when people mention cryptocurrencies, they usually mean Bitcoin.
Initially working with cryptocurrencies required installation of specialized software, but today one can access his/her personal wallet using a specialized wallet client program, or online. Special devices called Hardware Bitcoin Wallets were developed, but there are not so many of them, and they are useful only for people who operate with large amounts of cryptocurrencies. The end user prefers online wallets as the most convenient ones providing quick and easy access to a person’s funds from any type of device equipped with Browser.
Online Wallets
Bitcoin online wallets can be divided into two main categories: true wallets and "pseudo" wallets.
"Pseudo" wallets
In spite of the fact, that pseudo wallets provide a user with address, the funds stored in such wallets do not actually belong to a user, though they can be used for personal goals. Usually email address and password are required to get access to a pseudo wallet but sometimes your mobile number will be used for the same purposes. Some pseudo wallets require partial or complete identification, that is, to operate with them you will need to provide your personal data. Such approach is somehow contradicting with intrinsic philosophy of cryptocurrency, completely anonymous by default.
The second significant disadvantage of pseudo wallets are minimal limits usually established by such services. If the amount transferred to your wallet is less than a minimum indicated by the service, it will not be credited to your wallet. Cryptonator, as well as wallets provided by cryptocurrency exchangers, like Exmo, are examples of pseudo wallets. In some cases, for instance in btcbank.com.ua, operations with Bitcoin require user’s bank details, and transactions with Bitcoins lose their anonymity whatsover.
True Online Wallets
True online bitcoin wallets allow you to operate with cryptocurrency without limitations and free of charge, except for a small commission for money transfer. The most popular and convenient online wallets are shown below: