As the cryptocurrency world grows ever-larger, crypto users are wary about the safety of their investments. There are many types of crypto — Bitcoin to DOGEcoin and so much more — and you want to keep your digital currency safe no matter what kind of crypto you’re into.
Scams are rising. Everyone wants to keep their property safe. Here are four of the safest crypto software to use this year.
Coinbase Bitcoin was the first cryptocurrency ever created. Its founders got it off the ground in 2009.
It’s probably the most well-known crypto wallet. Coinbase allows users to buy, sell, store, and even transfer their coins. It even allows users to store their NFTs, which are often purchased with cryptocurrencies.
Coinbase is a secure crypto wallet choice for several reasons. Coinbase Wallet provides multiple safety measures, including two-step verification and special encryption. This software also supports many types of blockchain, including Optimism, Fantom Opera, Arbitrum, and more.
The platform also supports over 500 cryptocurrencies, including some of the most popular coins — DOGEcoin, Ethereum, Bitcoin Cash, etc.
The FDIC insures Coinbase accounts up to $250,000. Coinbase Wallet is available in 100+ countries on iOS and Android.
Binance launched in 2017 and has its own native coin, called Binance Coin or BNB.
Today, experts rank BNB among the top five crypto coins globally. Binance also uses a Blockchain of its own called Binance Chain.
Binance allows users to trade 1500 kinds of coins on the platform and has many features for crypto users including staking, peer-to-peer exchange (called P2P trading), decentralized finance, and more.
The platform also uses two-factor authentication verification, as well as cold storage, and addresses whitelisting. Two-factor authentication is an added safety measure that makes the user prove they are logging into their own account by making them log-in in two ways.
Binance is available in 100+ countries on iOS and Android.
Guarda was founded in 2017 and is considered one of the top cryptocurrency software packages available today.
Users consider this wallet highly secure. It allows users to buy, store, trade, and earn. Users have control of their own keys, no matter how they choose to access the platform.
Guarda Wallet allows users to manage over 400,000 currencies and tokens, including Bitcoin and Ethereum. The platform also provides support for various blockchain networks. Experts also rank Guarda as the best wallet for security.
Guarda requires facial ID authentication for users on mobile and is available in more than 100 countries on iOS and Android.
Crypto was founded in Hong Kong in 2016 and had more than ten million users in dozens of countries.
The platform lets users buy, sell, trade, and store more than 250 kinds of coins on the platform. This wallet also allows users to hold their coins and earn interest on their digital currencies.
In addition, the platform offers a crypto wallet, decentralized exchange, credit cards for cryptocurrency, and an NFT marketplace.
As for safety, Crypto.com used various source code analysis tools, two-step verification, and several other measures to ensure consumer safety.
Crypto insures balances up to $250,000 for U.S. residents. It has other safety measures in place for U.S. residents as well. Some of the additional security measures offered by Crypto include insurance against theft and cold storage.
This platform has an app that is available in 75+ countries on iOS and Android.
In short, there are a lot of Crypto softwares out there, but making sure you’re using the best and safest softwares will give you peace of mind and protect all of your cryptocurrencies.
There is a lot to learn about the new crypto world and how to protect yourself, but you can learn more about crypto before wading into this exciting new investment opportunity.