Investing in crypto-assets carries risks of liquidity, volatility, and partial or total capital loss. Crypto-assets held are not covered by deposit and securities guarantee mechanisms.
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Coinhouse SAS with a capital of €210,000, RCS Paris 815 254 545, headquarters: 14 Avenue de l'Opéra 75001 Paris – support@coinhouse.com. Registered with the AMF for activities related to the purchase/sale of digital assets against legal tender, the exchange of digital assets for other digital assets, and the custody of digital assets for third parties under the registration number: E2020-001.
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Company registered with the Paris RCS under the number 914 384 557, registered with the Prudential Control and Resolution Authority as a payment service agent under the number 727503 of the electronic money institution Treezor, headquartered at 33 Avenue de Wagram, 75017 Paris.
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The first step before choosing the Bitcoin wallet best suited to your needs is to understand what a crypto wallet is, and in particular the data it contains and its functionalities.
A crypto wallet is an online solution for storing and exchanging different cryptocurrencies.
For example, a Bitcoin wallet is software that lets you send and receive Bitcoin (you can buy Bitcoin securely at Coinhouse).
The same type of wallet exists for other cryptocurrencies such as Ethereum.
How to secure and hold your cryptoassets is one of the questions most frequently asked by Coinhouse customers.
While the most paranoid members of the community may feel that the only secure option is to install Bitcoin Core, a wallet that contains a complete copy of the Blockchain, takes up a gigantic amount of space on your hard disk and requires a 24-hour connection to the Internet, fortunately there are lighter solutions available to everyone, which we detail below.
Here are our tips for finding the best crypto wallet for you. Open a crypto account now!
There are several criteria you need to pay attention to if you’re looking for the best cryptocurrency wallet.
The criterion often considered the most important by investors is security.
An unsecured wallet cannot be among the best wallets for cryptocurrencies.
There’s no way you can risk losing your assets by using insecure software.
So prefer a wallet that offers a multi-protected system (with several levels of authentication).
Ergonomics are also an important criterion.
The wallet must be easy to use and enable you to carry out your various transactions quickly.
In addition to a clear, intuitive interface, the solution must provide a customer service that is easily accessible and whose response time to your questions is immediate or almost.
Another point that is often at the heart of your concerns is fees (management fees, transaction fees, etc.).
However, you shouldn’t limit transaction fees at all costs, as they can sometimes guarantee faster validation of your exchange requests.
Buying and selling tokens as and when you want, without delay, is essential in virtual currency trading, given the hyper-volatility of the market, as it can enable you to make larger capital gains.
The wallet’s accessibility is another criterion to be taken into account.
Not every wallet is available on every mobile device, computer or operating system (iOS, Android, Windows, Mac…).
And this wallet availability has to suit you.
Some investors only want to manage their cryptos on mobile, others think the best crypto wallet is one that’s accessible from all devices.
For the latter, the Exodus solution has the advantage of being multi-support, available both on desktop (computer), mobile (smartphone, tablet), and in ahardware wallet version in partnership with Trezor.
The best crypto wallet will also be the one that best matches your investor profile.
In fact, some wallets are better suited to people just starting out in cryptocurrencies, and others to those with more experience, while a physical wallet(hardware wallet or crypto hardware wallet in English) is recommended for larger investors.
For beginners ready to buy their first Bitcoin, you can simply use the curation solution directly included in the Coinhouse platform.
It follows strict rules for optimum security.
You can resell your Bitcoins for euros or send them to your personal wallet at any time.
Of course, if you then wish to store your bitcoins on a personal wallet for access independently of any platform, you can opt for hot wallets, which are software programs that allow you to store your bitcoins on the Internet.
Then, with a simple Internet connection, you can access your cryptocurrencies from any device.
Here are a few hot wallets suitable for beginners and enjoying a good reputation in 2021: Coinomi is the perfect wallet for beginners: it’s a free mobile app, available on both Android and Iphone, offering an intuitive, uncomplicated user experience.
It is compatible with over a hundred blockchains and their corresponding assets.
If an asset is not present on this application, it should be taken as a warning about the quality of the project.
Finally, a computer version is also available, but less widely used. Electrum is another long-established wallet with a good reputation.
It is, however, a solution for purists, since it only supports Bitcoin.
Bear in mind that using a personal wallet involves risks.
If you’re not comfortable with technology, we don’t recommend their use.
If you make a mistake, you risk losing your funds permanently, as it will be impossible to reverse the transaction.
You could also lose your password or wallet recovery phrase.
If all these responsibilities frighten you, we advise you to opt for the first option and keep your cryptocurrencies on Coinhouse’s storage system.
Are you familiar with the notions of “seed”, “private key” or “gas”?
Then more sophisticated personal wallets are available: for Bitcoin, Blockstream Green (formerly known as GreenAddress), has forged a solid reputation with the community by combining security, rich functionality and an intuitive user interface in line with current ecosystem standards.
Free and open-source, Blockstream’s Green: Bitcoin Wallet application is the best choice for users who want greater control over their funds, and to further explore the possibilities offered by Bitcoin blockchain technology.
Are your cryptoasset holdings starting to add up?
Then it’s advisable to turn to more secure services than the hot wallets mentioned above.
For larger investments, you can always rely on Coinhouse’s safekeeping service.
For investments of €50,000 or more, you can take advantage of our Premium offer to receive support and find out which solutions and security requirements are best suited to your profile.
For customers requiring the highest level of security in terms of cryptoasset storage, it is also possible to use physical wallets, or hardware wallets.
In this field, the French company Ledger is recognized for offering the best solution to date with its products.
The Ledger Nano S or Nano X physical devices offer very high levels of protection, and come with an application called Ledger Live that meets the majority of users’ needs.
These products are compatible with any type of computer for the Nano S or smartphone for the Nano X. On the other hand, as with online personal wallets, these products are best suited to customers who are very familiar with the cryptoasset ecosystem.
A mishandling or error during a transfer operation could result in the loss of all your funds.
In conclusion, each of the custody solutions outlined in this article caters for different needs and levels of knowledge.
It is even possible for advanced users to combine the use of several types of wallet, and even to use decentralized wallets such as Metamask for cryptoactives like Ethereum.
However, the use of these products and services is reserved for those who are familiar with the ecosystem and very comfortable with new technologies.
It’s much simpler to use the custody services offered within the Coinhouse platform.
As previously mentioned, the Blockstream Green app (new name of GreenAddress since 2019) is an excellent solution when holding Bitcoin.
The fact that this app available on iOS and Android specializes in the market-leading crypto, with a very high level of security and ergonomics, logically makes it one of the best Bitcoin wallets.
An app like ZenGo has the same qualities, so it’s not surprising that it’s often considered the best Bitcoin wallet by investors and specialists alike, even though it also specializes in other cryptos.
If you’re new to virtual currencies, we strongly recommend that you stick to Coinhouse’s free storage solution.
You’ll be guided step by step through your first transactions, so you won’t risk making a mistake that will cost you money.
What’s more, Coinhouse has earned the reputation of being one of the most secure platforms on the market (1st platform to be accredited by the Autorité des marchés financiers).
Setting up a crypto wallet involves a few steps:
This setup procedure may vary depending on the wallet you have. The best crypto wallets are easier to set up and use than others.
If you’re worried that you don’t know how to set up your crypto wallet, head for the more affordable solutions we’ve outlined above.
If you opt for a hard wallet, you’ll need to purchase additional hardware.
A hardware wallet is a physical wallet.
Also known as a crypto hardware wallet or cold wallet, it is the opposite of hot wallets, which are 100% digital wallets that are totally dematerialized.
To use a hardware wallet, you need to purchase a small device in the form of a box or key resembling a USB stick.
This hardware wallet enables you to store your cryptocurrencies as digital data without being connected to the Internet, thus avoiding hacking and online theft.
On the other hand, you need to be careful to store your hardware wallet in a secure place (e.g. in a safe with your valuables).
Here again, opinions may differ from one user to another.
However, a few crypto hardware wallet models stand out from the crowd.
In addition to the Ledger Nano models presented above, Trezor hardware wallets are particularly noteworthy.
This brand sells two models: the Model T, which is one of the best crypto wallets in terms of security, and the Trezor One, which is sold at a lower price.
While it doesn’t have a touchscreen, the Trezor One can store over a thousand cryptoassets and networks, including of course the leaders Bitcoin and Ethereum.
Special mention goes to the KeepKey hardware wallet, which features a system for recovering your authentication keys should they be lost or broken.
What’s more, KeepKey’s large screen gives you greater control over your cryptos and makes it easy to use the wallet’s functionalities.
⇨ Coinhouse is a pioneer in France as the first AMF-registered platform, guaranteeing you optimum security.
⇨ An integrated and secure wallet solution is at your disposal after your crypto purchases.
⇨ After validation of your sell order you receive the funds within a few days from Coinhouse’s Société Générale account.
⇨ Efficient and responsive customer support available to advise you on your investment decisions.
⇨ 55 cryptos available including ₿Bitcoin. Open a crypto account now!
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