The Capital
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The Capital

Storing PAX: Best PAX Wallets

By SwapSpace on The Capital

Ledger Nano S

Pros:

  • Affordable, lightweight, and secure;
  • Ledger Nano S supports over 1184 other coins;
  • Users can install third-party applications to the device;
  • The recovery process can be run without connecting the device to a computer.

Cons:

  • The recovery sheet that contains all information required to restore data can be easily lost or stolen.

Ledger Nano X

Pros:

  • Bluetooth-enabled;
  • Supports all tokens on the ETC-20 chain;
  • Users can manage more coins at the same time (in comparison to Ledger Nano S).

Cons:

  • Twice as expensive as the Ledger Nano S;
  • Features open-source applications, but its code is not completely open-source.

Trezor

Pros:

  • Secure, light, and portable;
  • Inbuilt PIN system prevents brute-force break-ins;
  • Backed up with the 24 words generated during setup.

Cons:

  • Less inconspicuous-looking than Ledger devices;
  • Somewhat outdated OLED display.

MetaMask

Pros:

  • 12 unique “seed words” to protect access to users’ vaults
  • Easy-to-use intuitive interface;
  • No need to download a full node.

Cons:

  • Not as secure for long-term storage as hardware wallets;
  • Users report the app to be sluggish at times.

Exodus

Pros:

  • The “Exodus Dashboard” shows a digest of all transactions and balances;
  • Great design and an intuitive interface;
  • Automatic cost adjustment;
  • Built-in exchange.

Cons:

  • Requires an internet connection to operate;
  • Single-factor authentication only.

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SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows you to swap over 700 cryptocurrencies instantly with no limits, no extra fees and without sign-ups