Last updated on March 22nd, 2018 at 03:51 pm
What are Peercoin wallets?
Peercoin is another top cryptocurrency that is gaining serious popularity today. For you to properly be able to use the altcoin, you have first to have a secure wallet whereby it can be stored. It is stored in digital wallets, which is what allows the peercoin owner to receive and send this currency. The wallet also shows all transaction history, as well as the balance of Peercoin in the wallet. It also keeps the content of the wallet safe and secure. The Peercoin wallet is basically a page that allows you to carry out operations with your Peercoin. It is the first requirement for any Peercoin operation, including mining and exchanging.
Peercoin wallets store the private keys that you need to access a Peercoin address and spend your funds. They come in different forms, designed for different types of devices both online and offline and in other forms. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your Peercoin wallet. There are different forms with which Peercoin wallets could come about, and they have been listed below.
These are wallets that are useable offline. While they are hardware wallets, they are also regarded as cold storage wallets. Basically, hardware wallets have similarities with a portable vault for digital currencies. Interestingly, they are usually considered to be the most secure. Obviously, this is because it is only the holder of the hardware wallet that is able to make transactions on it. Hence, he or she can guarantee its security. Also, as a result of its offline operation, it is free from cyber-attack which is a bug risk for the online wallets. Hardware wallets are the best for storing large amounts of Peercoin.
Online wallets as their names imply are wallets that simply require an internet connection to function. They are also quite secure. The only disadvantage is that they are prone to cyber-attack. A lot of Peercoin wallets belong in the category of online wallets.
Peercoin wallets can also take the form of desktop wallets. A desktop wallet is simply one which functions on a desktop computer or laptop. Desktop wallets can either be hot or cold wallets. The difference with them is that desktop wallets are software applications, which are downloaded and installed on the personal computer on which it will be used while the other is hardware as described above.
These are wallets made for mobile devices, and they are the easiest to use. Usually, they are compatible with Android, iOS or Windows mobile devices. They are the least secure Peercoin wallets for obvious reasons but are the most convenient because they are portable and it in itself gives them mobility. They work online and are also installed on the mobile device so they can work offline too.
The last form Peercoin wallets could take form is paper wallets. These are pieces of paper which have your private keys written on them. Private keys are used to access the Peercoin wallets and also to retrieve them if lost. So, if you lose your paper wallet access to your Peercoin would be difficult to get. For Peercoin, the use of paper wallet is not advisable because they lack certain functions.
Top 5 Peercoin wallets of 2018
One of the best Peercoin wallets is the one found on this site. A reason why it is good is that it is relatively easy to navigate and that it has a fair enough level of anonymity. Coinomi is on Android platforms and as such is a mobile wallet. When it comes to security, the security protocol is personal, so individuals have the opportunity to control their private keys. These private keys can be stored by a third party, and you have easy access to them. The third parties would, of course, be encrypted.
- Holy Transaction
With a name like “Holy Transaction,” you can bet that your Peercoin wallets are safe. Holy Transaction is another multi-crypto currency wallet that allows you to store and exchange different cryptocurrencies. Some of them include Bitcoin, Dash, Ethereum, Zcash, Syscoin, Litecoin, Dogecoin, Faircoin, Blackcoin, Peercoin, and a few others. Presently, the wallet is only web-based; however, they are launching a new service with profit sharing known as Flyp.me.
Nest is Cryptonator. This one is an online wallet that encrypts your user data online even as it gives you access to the funds that is controlled by you. One of the best things about this wallet is that it is easy to use. With your Cryptonator account, anonymity and bank-grade security are for you. Here, they take all possible measures to keep your funds safe and secure. All services provided run completely over secure SSL (HTTPS) connection, and the data is hashed by the SHA-256 cryptographic algorithm.
- Ledger Nano S
The Ledger Nano S was launched in the year 2016. It is regarded as one of the most popular hardware wallets. It has also been ranked high among the best hardware wallets because of the level of its security. It is a physical portable vault for Peercoin, and it resembles a USB flash drive that can be connected to an activated device such as a laptop or desktop, for use. It has a hard case, and its transaction fee is dependent on the speed of the transaction confirmation that you end up choosing.
Last but not the least is Jaxx. Jaxx is a mobile and desktop wallet, and it has multiple storages for multiple cryptocurrencies including Peercoin. One of the things the wallet is known for is its ability work properly with different operating systems including Windows, iOS, Linux, Android and Chrome (extension). With Jaxx, your private key is on your computer, and no one else has access to your Peercoin. Therefore, the safety of your coins is your responsibility. It has a great user-friendly interface making it easy to use for beginners. It is such one of the best.