While some exchanges or online platforms offer a wallet service, if the cryptocurrency is stored through a centralised organisation, a user is never truly in control.
#ETHEREUM WALLET ONLINE UPGRADE#
Does it implement 2-factor authentication (2FA)? Does it allow backups to be created? Can you whitelist IP addresses? Additionally, what is the company's development record like? Are they constantly working and looking for new ways to upgrade the system? To stay ahead of those wishing to exploit consumers, development teams need to be continuously working.įor extra security, look for a cryptocurrency wallet that allows a user to remain in control of their private keys. If a wallet's security protocols are not up to scratch, move on to the next option.īecome familiar with how the wallet keeps your private keys safe. A wallet's sole purpose is to keep private keys secure.
Luckily there are some standout elements that every good cryptocurrency wallet should have.Īt the top of the list should be security. Even for experienced investors, there are hundreds of options available. When new to the cryptocurrency industry, searching for a wallet to store the private keys of your Ether, or ETH, can be a daunting task.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
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