Top 5 Cardano Wallets: Get the Best Wallet to Hold LOAD Tokens
Security is super important for cryptocurrency users. We’ve all heard about the Mt. Gox hack in 2014 that saw thousands of Bitcoin disappear and the Bitfinex hack in 2016 that saw billions stolen. We’ve all probably seen a phishing attempt by a site trying to get your private keys.
At Checkpoint, we believe you should be in charge of your keys. After all, most hacks occur on centralised exchanges. So, remember: Not your keys, not your coins.
As we get ready for our IDO on KICK, and we’ve been getting a lot of questions about Cardano wallets, we thought it important to make an article about the best Cardano wallets. This way, our investors and community members can safely store their LOAD tokens.
On the Cardano blockchain, you have many different ways to store your crypto, ranging from physical wallets to digital ones. In this short post, we’re going to take a close look at the top five wallets you can use for Cardano.
Ledger Nano X: Best Hardware Wallet for Cardano
The Ledger Nano X is the best hardware wallet you can use to store Cardano because of its wide range of compatibility, working with Windows, Linux, Mac, Android, and iOS. It features Bluetooth so that it can easily be connected to mobile devices without the need for countless special cables.
The Nano X features a battery life of up to eight hours when in constant use, but the battery can last for weeks in its idle state. Staking and sending Cardano using this device will ensure that the processes are signed internally, and your private key will not be exposed during the process.
Daedalus Wallet: Best Desktop Wallet for Cardano
The Daedalus Wallet is an extremely secure Cardano wallet that’s designed for desktop use. It will work on Windows, Linux, and MacOS, and it is a full node wallet, which means that you’ll need a copy of the entire Cardano blockchain the first time that you sync the wallet.
While this slows down the process, it also ensures that this is one of the best wallets for Cardano, especially because it was built by a team of developers from IOHK itself. Daedalus features unlimited wallets that you can use to keep your Cardano, LOAD and ADA tokens organised, and it also allows you to backup and recover NFTs and native assets, as well as tokens.
Nami Wallet: Best Browser Extension Wallet for Cardano
Nami Wallet is one of the more user-friendly options available since it consists of a simple browser extension that can be added to Chrome, Brave, and Edge. Nami works with all native assets, NFTs, and tokens on the Cardano blockchain (including LOAD), and it supports the use of multiple accounts.
You can also connect your Trezor or Ledger hardware wallet to the Nami Wallet, though one thing to consider is that it’s not compatible with Yoroi or Daedalus. This is due to the fact that Nami only uses a single address for its wallet while the other two use multiple addresses.
Yoroi Wallet: Best Mobile Wallet for Cardano
Yoroi Wallet was created by Emurgo as one of the more lightweight Cardano wallets out there. It consists of a browser extension and a mobile app that can be installed to Chrome, Edge, and Firefox. On mobile, it can be used on both Android and iOS. Since it doesn’t require the whole blockchain, you can download the Yoroi Wallet relatively quickly.
Yoroi has been audited, tested, and its private keys are encrypted, making it an extremely secure choice. The Yoroi Wallet allows you to easily stake ADA, and it supports Trezor and Ledger hardware wallets, as well.
GeroWallet: Best New Wallet for Cardano
GeroWallet actually recently partnered up with KICK.IO, in which both parties agreed to lend each other mutual support. However, even if it weren’t for this agreement, GeroWallet is one of the top browser extension wallets that supports Cardano tokens.
The wallet allows you to manage all Cardano native assets, and it features a search box that allows you to find a stake pool directly by using either the pool name or the policy ID. GeroWallet also supports Cardano DApps, including NFT marketplaces and DEXs.
About Checkpoint
Checkpoint is a digitally-interactive media brand and Web 3.0 content pioneer that empowers us all to use video games for good.
Checkpoint achieves this mission by creating engaging content that explores how video games impact society. Using the cultural capital of video games, Checkpoint’s content calls everyone to analyse, understand and improve the world around us.
A member of the Blockchain Gaming Alliance, Checkpoint already has live content platforms, including Checkpoint Bedtime Stories, Checkpoint Magazine and Checkpoint Multiverse.
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