Wallets of Crypto Exchanges you Can Trust to Store Your Funds in

Handy Tips / 13.04.2021

When thinking about starting in crypto, one of the first steps that every investor has to follow is signing up for wallet services. Almost all services in crypto require users to connect their wallets to continue accessing other services. A wallet helps in storing crypto assets safely.

There are different types of wallets, all possessing different attributes depending on the mechanism used in classifying them. However, this article will focus on wallets provided by crypto exchange service providers. What assets do these platforms support? How secure are these wallets? Keep reading to see the top wallets provided by crypto exchanges.

Coinbase Wallet

Coinbase is a world-class crypto exchange network designed to provide utter simplicity in exchanging crypto assets. However, this platform also has another unique independent application, the Coinbase wallet helping investors store coins.

The Coinbase wallet provides non-custodial solutions to crypto-asset storage; therefore, only the wallet owner can access the keys, seeds, and assets. Users can manage their assets freely by depositing or withdrawing anytime. The wallet allows investors to store different types of crypto assets, including ERC-20 tokens, rare collectibles and arts (NFTs), DApps, and general cryptocurrencies and stablecoins.

Since security is one of the most vital things in any wallet, Coinbase ensures utmost protection for all its users. This wallet implants secure enclave systems and maximum encryption of private keys and seeds. Moreover, they leverage Google Drive and other strategies for recovery of the phrase in cases of loss.

You should remember when sending ERC-20 tokens, you need ETH in your wallet to send the crypto.

Trust Wallet

Trust wallet is a product of the Binance exchange. It is designed with advanced features to ensure it supports multiple cryptos and makes the investor’s work easy. This wallet offers top security by ensuring the wallet owner has full access to their wallet, and no third party can access the wallet.

One unique feature about the Trust wallet is its support for cards. This allows users to purchase the supported crypto assets with cards. Moreover, the exchanges in the platform are completed in an instant.

Trust wallet also allows investors to track different coin prices and hourly charts within the wallet, thus fostering investors’ convenience. Moreover, you can see and manage several types of crypto assets, including NFTs, Cryptocurrencies, DApps, etc.

Like the host exchange, Trust wallet supports tonnes of Crypto assets, thus proving highly convenient for users.

Huobi Wallet

Huobi Wallet is a world-class crypto platform designed to provide multicurrency storage opportunities for users. This platform was designed with top professionalism, convenience, and security to ensure that the investors enjoy their crypto needs.

Currently, the Huobi wallet supports different classes of assets, including; cryptocurrencies, stablecoins, ERC-201, and 721 tokens and DApps. Some of the most famous cryptocurrencies like ETH, BTC, LTC, BCH, TRX, and many others are supported by this wallet. According to the wallet, they support over 1000 different coins.

Users can fully control their assets in a non-custodial system while controlling their private keys in this wallet. There are multi-signature systems that aid in bolstering their security.

The platform is designed simply for the ultimate convenience of its users. It’s straightforward to add your assets and manage them. Moreover, in less than 30 minutes, you can get BTC at a super low fee.

Gemini Wallet

Gemini is another famous exchange platform designed to provide outstanding services to users. However, it has a bonus product, a Crypto wallet dubbed Gemini wallet, offering hot and cold wallet storage options.

One thing defining the Gemini wallet is top security for the user’s investment. Combining both hot and cold storage ensures the security remains prime. Similarly, there is insurance taken against any thefts in the hot wallets. Gemini is continuously improving and upgrading its system to include more and more coins for easier investing.

This network has a 24hr support system that assists users in storage options anytime, any day. Gemini, therefore, is one of the wallets that provides excellent services; thus, you should try it out.

The Luno Bitcoin Wallet

Luno wallet is a top bitcoin wallet designed to provide utter convenience for storing crypto assets, the topmost being Bitcoin. This wallet has been designed for android, iPhone, and desktop devices; therefore, no investor is left out.

The Luno wallet team’s experience is vast, mainly because they have been experts in the crypto business since 2013.
As such, they have garnered extensive knowledge on what is needed with crypto investors. Since crypto security is vital for all investors, Luno considers security when dealing with its users’ funds. The security systems on this platform are highly sophisticated and have faced zero hacking.

Luno is available in more than 40 countries and continuously improves its systems to provide outstanding services to all users globally.

Conclusion

Finding the right wallet to store your cryptocurrency is a big task, especially considering security issues in different wallets. It becomes more challenging when you need to be a regular trader, thus needing a wallet that quickly connects with exchanges. However, some famous crypto exchange platforms have provided their wallet options to ensure the investors’ work is relatively straightforward.

Coinbase provides a Coinbase wallet, Binance exchange offers a Trust wallet, Huobi provides a Huobi wallet, Gemini has a Gemini wallet, and Luno has its own Luno wallet. When thinking about which ones of the above to use, look keenly into the coins supported to see if they suit your needs. However, these wallets have some of the best security protocols for total convenience.

Adam is an outgoing young lad who likes adventures and discovering new things. Despite his boring life, he loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.