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5 Best Crypto.com Wallets

5 Best Crypto.com Wallets  5 Best Crypto.com Wallets 5 Best Crypto
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Last Updated on May 27, 2022 by Shounak

Crypto.com provides a large number of services ranging from trading services to its payment and financial services. The CRO is a natively developed multi-network token by Crypto.com and supported by Ethereum.

The Crypto.com Chain develops the CRO as its token. The purpose of this chain is to facilitate the user to use CRO as a digital currency for transactions.

Crypto.com has created CRO to bring evolution in the blockchain technology as its sole purpose is to make this decentralised currency a secured payment method. You can use this crypto to buy and get paid anywhere without charging any fees.

How to buy crypto.com [CRO]?

To buy this decentralised currency using fiat currency (USD, GBP, CAD, AUD, ETC) or any other cryptocurrency such as Bitcoin or Ethereum, Cryptocurrency exchanges are used.

These exchanges facilitate the direct buying and selling of digital coins and tokens at the current market price of the currency. The buyer and seller deal directly with each other with no broker or intermediator.

The exchange only provides an online platform for these buyers and sellers to interact. For beginners in the world of Blockchain technology, trading directly through exchanges would be difficult.

Few exchanges are, crypto.com, Coinbase Pro, Kucoin, Huobi and many more. Out of these all, crypto.com gives the maximum options using which you can buy CRO.

When you buy any digital currency, coin or token, you get a private key. Your digital assets live on the blockchain. And these assets can be accessed by using the private key.

If you lose this private key, you’ll lose the asset secured by the key. Hence, it is crucial to have a safe and secure cryptocurrency wallet to store all your private keys in one place.

The Crypto.org Chain also provides a desktop Wallet which is a public and open-source wallet allowing you to collect, store, send and stake your tokens.

When you buy any digital currency, coin or token, you get a private key. Your digital assets live on the blockchain. And these assets can be accessed by using the private key.

If you lose this private key, you’ll lose the asset secured by the key. Hence, it is crucial to have a safe and secure cryptocurrency wallet to store all your private keys in one place.

The Crypto.org Chain also provides a desktop Wallet which is a public and open-source wallet allowing you to collect, store, send and stake your tokens.

Here, we have the list of wallets that are compatible with ETH and can store CRO.

Crypto.com Defi Wallet:

This is a non-custodial wallet by Crypto.com. A non-custodial wallet is decentralised and provides the user with complete ownership of the private key to your asset.

The user needs to remember a mnemonic phrase using which they can have access to the file storing all their private keys.

Defi Wallet is an online wallet, accessed through its app on Android or IOS devices. It stores all the keys to your assets and lets you enjoy full control over your funds.

You can transfer the private keys from your previous wallet using the recovery phrase. The app allows you to earn interest from storing cryptocurrencies like Crypto.org Chain with no lock-up term.

The private keys are encrypted and stored in your device. The private keys are also protected by biometrics and 2-factor authentication. You can decide the confirmation speed and network fees while transferring your crypto.

VISIT CRYPTO.COM

Ledger Nano X Hardware Wallet:

The hardware wallet by Ledger supports CRO and many other crypto assets. For added security, the sensitive information is redacted.

Ledger claims to provide state-of-art security to your crypto assets as it has CC EAL5+, a secured and certified element. The ST33J2M0 (secure) + STM32F042 chip is used to secure information in credit cards and passports.

The Ledger Nano X uses USB and Bluetooth technology to connect the wallet to any device. The Bluetooth facility enables the user to connect the wall with their smartphones via the Ledger Live app and carry out transactions in crypto safely.

During the installation of your wallet, you are required to set up a 24-word phrase. This phrase will help you to recover your wallet account on any Ledger device in case you lose this hardware wallet. This proves to be a safe backup option.

Even though this device has only 2 buttons and a screen, that’s all you’ll ever need to carry out transactions. This is because the device can be operated on your computer or smartphone through Ledger Live Apps for PC and Mobile.

VISIT THE LEDGER NANO WEBSITE

Trezor Model T Hardware Wallet:

This hardware wallet is brought to you by a reliable name in the crypto world; SatoshiLabs s.r.o. It is a safe vault to store all your cryptocurrencies and passwords to your digital assets.

This device comes with a 2-year warranty and data is redacted for added security.

The USB-C connector is used to connect Trezor Model T with your computer or smartphone. The device is completely isolated and Trezor claims to safely secure all your keys to digital assets.

This makes the device a safe vault to store and transact your digital currency and tokens.

On the bright coloured, 240×240 pixels LCD display of the device, you can authenticate and approve all the operations from the device screen itself.

The device facilitates easy and secure backup. You need not worry about losing all your investments and passwords in the unfortunate event of losing your device.

The Trezor Model T has implemented the Shamir Backup (SLIP39). You can use a 12-words recovery seed to recover your wallet.

VISIT THE TREZOR WEBSITE

Coinomi:

Unlike the previous two wallets, Coinomi is an online wallet accessed through its app The app is available for PC, Android and IOS. The multi-chain wallet is never hacked or security compromised.

The supported assets can be transacted by build-in exchanges on the app. The versatility of this is proven as it offers 168 fiat currency representations, 125 blockchain currencies and thousand of tokens.

You don’t need KYC to access your private keys. Coinomi does not track your transactions or link your identity and keeps your IP address secure. This helps you to remain anonymous.

Your wallet is encrypted to keep your assets safe and secure.

The wallet charges no fees for sending and receiving transactions. This is the best Crypto.com Wallet as the CRO facilitates staking. From this app, you can collect your reward points generated by this coin.

VISIT THE COINOMI WEBSITE

Trust Wallet:

The app is available for Android and IOS. A secure and trusted online wallet to store your digital assets. It supports around 45 blockchains and many NFTs.

The app facilitates buying, storing and selling cryptocurrencies on one platform. They don’t collect any personal data while keeping your coins safe.

VISIT TRUST WALLET WEBSITE

In conclusion:

We hope that this well-researched and informative article provides you with much-needed insights on the crypto.com wallets to securely store your private keys to Crypto.com Coins.

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I have been a crypto enthusiast from 2015 to date. I have written all articles published on this website. I hope you guys enjoy reading them.

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