While it’s thrilling to be apart of a tremendously growing cryptocurrency community, you must remember that you need a place to store your millions of BTC! Hence, there exist wallets that act like any other wallet with a sole function to store cryptocurrency. There are many wallets to choose from but primarily there are only two types of wallets: soft or hard (also known as a “cold” wallet). A soft wallet is an electronic wallet that functions similar to an Apple Wallet, Android Pay, etc. It’s easy to use, portable, and liquid, but they also run the risk of getting hacked, especially wallets who own your personal information or “keys”.
Hard wallets, otherwise known as cold storage, is practically a tangible wallet built specifically for cryptocurrency. Cold storage can include modified USBs, specialized USBs like Ledger and Trezor, pieces of paper you can print, or something as simple as remembering as a string of 12 words. Hard wallets may give you far more security but may be more difficult to use or trade. The important thing to remember is that soft wallets are online, hard wallets are offline.
These are our personal favorite wallets you can use along with its pros and cons.