What is the wallet of a digital currency? On what wallets can this digital currency be stored? Is there a mobile wallet for this digital currency? After reading this article, you can find the answers to these types of questions forever.
Wallet software is required to store digital currencies on mobile and personal computers. But with the advent of digital currencies, one of the challenges for novice users is finding a safe wallet. If you want to find a wallet for Bitcoin, Ethereum and other popular digital currencies, your job is very simple and you have many choices. But if the digital currency in question is not very well known, finding a valid wallet for it will be very challenging.
Coin or Token?
To find the wallet of any digital currency, you must first know if the digital currency you are looking for is a Coin or a Token.
All digital currencies are classified into two categories: coins and tokens. In general, any digital currency can be called a token or coin, but as a rule in the digital currency market, those who do not have their own blockchain and use another platform such as Ethereum are called tokens, and those who blockchain They have their own independence, Quinn says.
For example, BAT does not currently have its own blockchain and is moving on the Ethereum blockchain. So Idol is an Ethereum token and can be stored in reputable Ethereum wallets. On the other hand, for example, the digital currency Digibyte is a coin that has an independent Blockchain and should be stored in its own wallet, not an Ethereum wallet.
To find out if a digital currency is a coin or a token, just enter the name of the desired currency in the search section of the digital currency site and go to its dedicated page. For example, we want to know if the OmiseGo digital currency is a coin or a token. From the site search section, enter the name Omisego and enter its dedicated page.
As you can see in the image below, Omisego is a token.
Currently, about 80% of market tokens operate on the Ethereum. So you can use Myetherwallet wallet or other wallets like TrustWallet to store more market tokens.
If your token platform was Binance China, Theron, IAS, or another blockchain, you should use the official wallets of that blockchain. For example, if the token you want was active on Bainance China, you must save it to a valid Bainance Coin wallet. To be aware of each token host platform, Tokens page The Coin Market Cap website is one of the best references.
If the digital currency you are looking for is a coin, going to the official website of that digital currency is the best way to find its wallet. You can read more about this in the following article.
Walt Trust Wallet
Trust Walt, one of the most reputable digital currency wallets, supports thousands of coins and tokens, and there is less digital currency that this software does not cover. Of the flagship digital currencies, only Cardano is not currently supported by the Walt Trust at the time of this update. This wallet is available for Android and iOS operating systems and can be downloaded for free through Google Play or App Store.
After installing this wallet and making a backup (12-word backup), you can easily add your favorite coins and tokens to this wallet. for this job:
1. In the main menu of the wallet and at the top right, click “+”.
۲. Search for the name of your desired coin or token.
3. Once you find a coin or token, click on the key to the right of the name to add it. As an example, as shown in the image below, we are looking to add a BitTorrent token, which is a theron-based token.
If the token you are looking for is not found, you can add the token manually from the “Add Custom Token” section. To do this, you need the “Contract Address” of the token, and you need to know what the token is divisible by a few decimal places and what it symbolizes.
For Ethereum tokens, you can easily go to a token page and get the necessary information by going to etherscan.io and searching for the token name.
Suppose we want to add a TestTest Token, which is an Ethereum token. for this job:
1. First we go to etherscan.io and search for the token.
۲. Now enter the Contract address, Decimals and Token symbol (here TTT) in the Manually Add Token section and click “Done”.
3. Token added successfully.
If you could not or for whatever reason did not want to use the Walt Trust Wallet to store your digital currencies, you can find other wallets:
- Search in search engines like Google.
- Ask knowledgeable people.
- See the wallets section of the digital currency site.
- Visit the official website of your desired digital currency.
Google is here to help. If you are looking for Bitcoin, Ethereum, Litecoin, Tetra and other digital currencies wallets, you can probably refer to Persian sources. Therefore, all you have to do is search for the name of your desired digital currency along with the word “wallet” in Persian on Google or Bing.
But if your digital currency is not very well known, it may not be found in Persian language sources, so you should search in English. All you have to do is enter the English name of the digital currency along with the word “Wallets” in Google.
Don’t forget that having a wallet named high on Google does not necessarily mean that it is credible. To protect yourself from malware, use Google only to know the name of wallets, and to download wallets, be sure to refer to reputable sources (Google Play, App Store, official wallet website, etc.).
Inquiry is another method that can be used to find reputable wallets. You can ask people who have experience using wallets in forums and social networks to introduce you to the best wallet.
To ask the relevant questions, the question and answer section of the digital currency site (stack) or the price page of each currency on this site are good places to ask questions. Telegram or WhatsApp digital currency groups can also help you with this.
The wallet section of the digital currency site
Another way to find the wallets of a digital currency is to go to the wallets page on the digital currency site. On this page you can find the best digital wallets for your digital currency and operating system.
This page introduces the types of valid wallets for each digital currency. From the available menus, first select the digital currency and then the wallet type (desktop, mobile, hardware, paper, web, etc.). It is also possible to customize the list according to variables such as popularity, security or privacy. .
Visit the official website of each digital currency
The surest way to find a valid wallet for a digital currency is to visit its official digital currency website. To find the official website of any digital currency, all you have to do is visit the digital currency page you want on the digital currency site.
Take security seriously
Before installing a wallet, be sure to check user reviews and wallet ratings. Remember that a program with 1,000,000 installations and a score of 4 out of 5 is definitely more valid than a program with 1,000 installations and a score of 4.5.
Be extra careful with less expensive digital currencies when using new wallets, as there are not many wallets for these currencies and you may fall into the trap of malware.
Watch out for Google ads. Some scammers can increase their fake wallet on Google for a fee. Google ads are labeled “AD” and can be identified with a bit of precision.
In the case of desktop wallets, the risk of malware is high. So be sure to download these wallets from the official site.
In the case of lesser-known digital currencies, storing assets in an exchange is sometimes less risky than storing them in less accessible wallets.
To find a valid wallet for any digital currency, you must first know if the currency you are looking for is a coin or a token. If your digital currency is a token, you can save it in the official host wallets. Ethereum-based tokens, for example, are stored in Ethereum wallets. If the digital currency you are looking for is a coin, you can go to its official website or search Google to find its wallet.
Also, if you are looking for an easy option, we will introduce you to the Walt Trust Wallet. With this software that is installed on mobile phones, you can manage thousands of different coins and tokens at the same time.
Do not forget that your money and capital are involved. Be sure to choose a wallet that has high credibility, is used by many users, and has somehow already passed the exam.