Types of Cryptocurrency Wallets and Their Overall Security Aspect
You can store your digital currency in a variety of ways with different types of wallets. In this context, the question is: Are these wallets safe? It is important to be familiar with the different types and varieties of cryptocurrency wallets available today before we get into the security aspect. There are many types and varieties of cryptocurrency wallets The wallets can be broadly classified into 3 categories: Software wallets Hardware wallets Paper wallets You can now sub-divide cryptocurrency software wallets into desktop, mobile and online wallets. Desktop software walletsThese wallets can be downloaded and installed on both desktop and laptop computers. Although this particular version offers the best level of security, it is only accessible to the computer on which it was installed. There is also the possibility of losing all your money if your computer is hacked or infected with viruses. Software wallets online:These cryptocurrency wallets are cloud-based. They can be access