What are the best crypto wallets in Europe in 2024
The wallet itself does not hold any coins but it holds crypto transactions that are recorded and stored on the blockchain in a decentralized distributed manner. There are wallets out there in the cloud that allow you to store multiple coins in the same wallets.
Hot wallet
These are wallets which are mainly online and connected to the Internet. They may be easy to use as you know need a physical product so all you really need is an internet connection to get access to your coins. The downside may be that is it not as secure and as in the case of companies like FTX if they go bust you can loose your funds.
Cold wallet
These are mainly hardware wallets, like ledger, which are actually a physical product to hold the crypto in. The help you to hold the crypto in your physical hand and so some users may feel like they have enhanced security and a backup
What kinds of things are good to look at when choosing your wallet
- Which crypto they support
- How easy are they to use
- How much do they cost
- is the customer support any good?
- Hows the backup for the wallets?