There's no doubt crypto currencies are growing at an alarming rate, a lot of unexperienced users get lost with all of the information they have to follow to stay up to date with what's going on in the crypto world. One of the most first most important things to do is to ensure that your investment is protected, this guide will provide you with the information needed to understand the importance of securing your investment.
If you've made it this far you should already know what a wallet is. But if not, a wallet is the crypto equivalence of a bank account. It allows you to send/receive and store your investments.
Multi Wallets are typically applications in which you can install onto your computer to hold your investment, this type of wallet not only can offer more security you also have access to your coins wherever your computer happens to be.
Exodus.io
Supports: Bitcoin, Ethereum, Litecoin, Dash, Augur, Golem, Dogecoin
http://www.exodus.io
Jaxx.io
Supports: Bitcoin, Ethereum, Litecoin, Ethereum Classic, Dash, Augur, ZCash, RSK Testnet, Iconomi, Golen, Gnosis, DigixDAO, Blockchain Capital
Jaxx also has a mobile application available.
http://www.jaxx.io
Hardware wallets are very good for people who want to maximize security for their investment and people who have a habit of playing with there investment who just want to let it grow without having immediate access to it.
Ledger Nano S
Supports: Bitcoin, Ethereum, Litecoin, Dash, Dogecoin, ZCash, Stratis, Ripple
https://www.ledgerwallet.com
TREZOR
supports: Bitcoin, Ethereum, Litecoin, Dash, ZCash
https://www.trezor.io
Online wallets are not always the most secure infact you could easily lose your investment if the website is hacked. Although Online wallets are more convent on the go, I don't recommend storing large amounts of money on them.
Coinbase
Supports: Bitcoin, Ethereum, Litecoin
http://www.coinbase.com
BitPay
Supports: Bitcoin
http://www.bitpay.com
Blockchain.info
Supports: Bitcoin
http://www.blockchain.info
I do not recommend keeping your investment on an exchange while not in active trading due to the fact that any exchange can get hacked and all of your money is gone. If you plan on holding your coins for a while, then deposit onto the exchange, purchase what you need, then withdraw immediately.
Good thoughts
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Well written
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Interesting article. I was about to post a similair post. Investing in cryptos is still a risky thing. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Personally I always use: https://www.coincheckup.com This site did all the research for you. It's truly amazing. Check for example: https://www.coincheckup.com/coins/DigixDAO#analysis To check DigixDAO Investment research.
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