Hot Wallets and Exchanges!
New to cryptocurrencies? Need a safe place to store your crypto assets? These top hot wallets can help!
Coinbase Wallet
The Coinbase Wallet is widely regarded as one of the most secure mobile wallets available. It was created to support Ethereum and ERC20 tokens, but it has since extended to include several other cryptocurrencies, including Bitcoin. This software makes it simple to transfer, receive, and store money, even if you're new to cryptocurrency trading.
MetaMask
MetaMask is a digital wallet that allows you to manage, send, and receive Ethereum and Erc-20 tokens. You can also add the Binance Smart Chain network manually on Metamask to store and exchange Bep-20 tokens.
MetaMask has the advantage of allowing users to fully engage with Ethereum without having to download the complete blockchain.
Exodus
Exodus is a multi-cryptocurrency wallet with a user-friendly interface. It may be used to hold a variety of crypto assets as well as any presently unsupported and custom Erc-20 tokens.
Exodus is a free mobile and desktop wallet, and also fully compatible with hardware wallets like the Trezor One and Trezor Model T. It has been well-received by many in the crypto world due to its built-in exchange and the fact that it is one of the few software wallets that supports hardware wallets.
Robinhood
Robinhood began as a free stock trading website, but it has now grown to incorporate Bitcoin and other cryptocurrencies. Everything is in one place with Robinhood, which offers both a wallet-type service (so users can store cash) and exchange, like Coinbase (to buy/sell currency). You can't use another wallet to withdraw or transfer coins to and from Robinhood.
Binance Chain Wallet
With Binance wallet, you can send or receive funds on Binance Chain, Binance Smart Chain, and Ethereum, as well as cross-chain transfers across both of Binance's blockchains, using the Binance Chain browser plugin.
Using the Binance wallet app or the web browser version of the wallet, you'll have access to the whole platform's capabilities including 24/7 access to a crypto exchange.
By storing your coins in this wallet, you will be able to swap and trade them at any moment, in real-time. This is a great thing for both long-term investors and day traders.
Blockchain Wallet
Last, but not least, the Blockchain wallet is simple to use and understand. Your wallet is stored on the company's servers, which exposes you to third-party risk. The company has a strong reputation for security, and the product is both extensive in features and simple to use.
The major feature of Blockchain.com is its non-custodial main wallet. Nobody else can access the funds since the wallet is fully under the user's control and ownership.
This wallet is also open-source, which implies that anyone can inspect the code to ensure it is real and secure.
Crypto-Club Takeaway
There are many HOT wallets or Exchanges out there, you can do your own research and choose which one is best for you. The difference between each of them are the tokens that are llisted in each of them. Not all the tokens are listed in all exchanges. Some are and some are not.
The other criteria of choosing a HOT wallets is the country you live in. There are exchagnes that are restricted in different countires. Do the research which exchanges are allowed in the country you live in.
The last and most important thing you should never share your credantials with anyone. HOT wallets are very vulnerable. If the tokens are sent to a different wallets , you can never return that transactions back.
TRUST NO ONE!
