Getting started: Wallets
If you are a trader or you’d like to access your coins frequently, an online wallet would be a perfect choice. Most online wallets are very secure. Sadly, most coins need a dedicated wallet, so you’ll need a wallet for every coin you want to investing in.
Also some coins don’t have an online wallet yet, so you will most likely have to download a desktop wallet. You could just leave your coins in Poloniex or Bittrex, but this is risky if you’re investing large amounts.
If you want to invest your coins for years without having to worry, you should consider a hardware wallet like the Ledger Nano S. With these you are completely independent. Even the FBI can’t access your money without busting in, stealing your wallet, and torturing you for the password.
The Nano S currently supports Bitcoin, Ethereum, Stratis, Ripple, Dash, Litecoin and more. They also add a new coin from time to time.
When you own cryptocurrencies, you need to protect your confidential data and the access to your funds. With Ledger Nano S, secrets like private keys are never exposed: sensitive operations are isolated inside your hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. Transactions can’t get tampered with, they are physically verified on the embedded screen with a simple press on a button.