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Edge Wallet

A very comfortable and simple mobile wallet for thirty-plus coins. It supports direct exchange between digital and fiat assets, as well as working with one account from several devices at once. You can set a PIN code or fingerprint identification. Numerous partners of the project provide additional features – gift cards, cryptocurrency exchange, etc.

All data is encrypted on the client side, the company has no access to his account and no knowledge about the user. No personal information – email, passport data, phone number – is required to get started. Notably, you can set up password recovery with email and two secret questions if you wish.

BRD Wallet

One of the most popular wallets for mobile platforms. It is a decentralized wallet that connects directly to the blockchain in the process, using a seed phrase. No accounts or passwords are needed to set it up. There is also no risk of hacking servers and stealing user information.

The application was developed from scratch and made as simple as possible so that it was easy to use for beginners, but at the same time there was no damage to security and privacy, which are appreciated by experienced customers. The BRD Wallet allows you to buy bitcoins in a variety of ways, including from your card, as well as convert them to Ethereum, Bitcoin Cash, or any ERC-20 token.

Trust Wallet

Trust Wallet supports over 40 blockchains with 160,000+ assets located on them. It is bought out by Binance exchange. It is available for Android devices. Allows real-time tracking of exchange rate charts of the currencies of interest, converting funds into stackcoins to protect against volatility, and earning from stacking. Coins are stored anonymously and securely, only the user himself has access to his personal data.

It is possible to buy cryptocurrency directly from the card. Also, the mobile wallet has a built-in exchange for exchanging assets in seconds and at the best rate. No verification is required to start working with the wallet. There is a browser to use decentralized applications from various developers.

Advantages and disadvantages

Pros of

Access to your crypto assets anytime, anywhere.
Ease of use.
Easy operation, accessible even to a beginner.
Keys are stored directly on the phone or tablet, not on servers, which increases protection against hacker attacks.

Cons

If you risk losing your device or forgetting your password, then you may have trouble accessing it.
Functionality is usually less than desktop options.

Today’s traders have a variety of cryptocurrency applications available, and they all have different functions. Cryptocurrency trading through popular apps is more often conducted on cryptocurrency exchanges. But many brokerage companies have cryptocurrencies as part of their list of investment instruments. Some apps even allow you to earn passive income from your cryptocurrency investments. In this section, we will discuss the features to consider when choosing a cryptocurrency trading app.

1. jurisdiction.
   Jurisdiction here refers to the terms associated with using a particular crypto app in your country or city. Before you start using it, you need to make sure that the chosen app supports your country and city, otherwise you won’t be able to use it for trading.
2. Ease of use
   The interface requirement of the program depends a lot on the experience and awareness of cryptocurrency trading. Beginners are more likely to install solutions with a simpler interface. More advanced users install applications with more complex information panels, the ability to choose the type and method of displaying charts, where indicators are available, you can use technical analysis tools, track previous orders, etc.
3. liquidity
   The concept of liquidity means that at any given time there must be a large number of orders on the exchange platform. This allows you to conclude a deal quickly, and not to lose profits due to low demand or price spikes. Liquidity is one of the first concepts new crypto investors should understand, it helps prevent the market from moving too much during trading.
4. Choice of assets.
   When choosing a cryptocurrency buying app, you should make sure that the program supports all the assets you need. This is important because no exchange can provide trading pairs for the thousands of crypto assets available in the market today.
5. Security
   Having protection against hacking and hacker attacks serves as one of the most important criteria for choosing a trading app. In today’s world, it is not uncommon for cryptocurrency assets to be lost in accounts or wallets due to hacking or malware. Most exchanges publish security practices on their official websites. While no single crypto application can provide 100% security, you can download the software of crypto exchanges with the most customers and high ratings.
6. Reputation
   When comparing different cryptocurrency buying apps, users pay attention to the reputation of crypto exchanges. At the stage of selection, be sure to study consumer reviews, compare functionality, watch reviews to make an informed decision.
7. Level of trading commission
   When buying any cryptocurrency asset, there are hidden costs added to it in the form of service fees. Collecting commissions is the main way exchanges make money. Although some exchanges, such as Binance, have their own “exchange tokens.” Owners of trading accounts are given discounts on exchanges created by their tokens. A Binance user will pay a lower fee if the Binance Coin (BNB) is stored in their Binance wallet. In this case, the commission for each transaction will be withdrawn in the form of BNB, not in the currency pair they are trading.
8. Customer Support
   Every new user of the cryptocurrency app often encounters difficulties in setting up and using the platform. Even experienced traders sometimes have questions that only tech support can solve. Sometimes the financial result of a transaction depends on the speed of the employee’s answer, because the situation on the market changes quickly. When assessing the level of service, consider the response time, the tech support working schedule, customer feedback and the opportunity to give feedback on the exchange’s work.
9. Insurance
   Most of the leading crypto exchanges provide clients with full or partial deposit insurance service. This increases confidence from new users – in case of hacking or account hacking, the exchange protects its users from losses by insuring deposits.
10. Technical infrastructure
    New users should definitely study the infrastructure of the cryptocurrency buying app before installing it on their smartphone. Exchanges with high traffic and high transaction volume allow customers to place orders quickly and buy assets without price slippage. Also pay attention to the number of available trading pairs and the speed of order execution. To fully appreciate the functionality of the application, watch a video tutorial or a review of the service in video format.
11. Leverage and Products
    There are two types of exchanges: spot exchanges and derivatives exchanges. While spot exchanges trade cryptocurrency in exchange for fiat currency or other cryptocurrency (bitcoins or Stablecoins in US dollars), derivatives exchanges trade cryptocurrency derivatives rather than real coins.

Today, the cryptocurrency industry includes many innovative developments and promising projects, as well as a huge progressive community. But everyone who enters this market should first think about how and where to store bitcoins. And only after studying this question in detail, it is possible to start using all the advantages of decentralized technologies.

The world’s first cryptocurrency, Bitcoin, appeared in 2009. It was created by an anonymous developer under the pseudonym of Satoshi Nakamoto. He also published the first prototype of a cryptocurrency wallet – Bitcoin-qt. A little later, this wallet was renamed Bitcoin Core, and to this day it remains one of the most popular ways to store bitcoin.

Bitcoin Core is specialized software that allows you to store, receive and send digital currency. To perform such actions, you need a bundle of two special codes:

A public (public) key (address);
A private (private) key.

The wallet itself was created specifically to work with bitcoin and to use it you need to download the entire blockchain.

Also in Bitcoin Core were initially integrated and the basic principles of working with the cryptocurrency:

• All transactions are done directly between two users.
• You can only receive cryptocurrency by transferring it to a public address.
• To send cryptocurrency, it is mandatory to sign the transaction with a private key.
• Anyone can download a wallet to their computer and use it at their discretion.
• Blockchain acts as a secure, decentralized space where bitcoins are stored. And they can be accessed from anywhere in the world. All you need to have is a private key.
• A successful transaction cannot be undone.
• If you want, you can see information about all accounts and transactions in a public registry.

These same features of working with cryptocurrency are preserved in modern wallets. At the same time, various developers have released many other wallets for bitcoin and other cryptocurrencies. Most have implemented new features and capabilities. Due to the characteristics of specific wallets, they have become more convenient to use for certain tasks.