Wallets and Storage

wallets and storage

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons. A hardware wallet is a must have if you have any substantial investment in Cryptocurrency.


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The Ledger Hardware Wallet’s Supported Cryptocurrencies



  1. Bitcoin (BTC): This should go without saying. The Ledger was first designed for holding Bitcoin.
  2. Bitcoin Cash (BCC): The Ledger was the first hardware wallet that made it easy for Bitcoin holders to get free Bitcoin Cash. Now, you can use their BCH wallet to store Bitcoin Cash.
  3. Ethereum (ETH): The Ledger supports Ethereum. Ethereum is a solid investment, and it should be a part of your cryptocurrency portfolio.
  4. Ethereum Classic (ETC): The Ledger also supports Ethereum Classic (ETC). This is a forked version of ETH and you can read more about it here.
  5. Litecoin (LTC): LTC is popularly known as the “silver of cryptocurrencies”. I’m not too bullish on LTC, but having 3-4% in your portfolio is not a bad move.
  6. Dash (DASH): I met the Dash team when I visited the Bitcoin Miami event. I feel Dash has a great future considering they have a really strong team, great marketing, and most importantly, a usable currency. I would suggest that 20-25% of your portfolio is reserved for Dash.
  7. Dogecoin (DOGE): On a Ledger wallet, you can store Dogecoin as well. I’m not certain about the future of Dogecoin, so my stance is not to buy. If something changes, I will write a post about it.
  8. Zcash (ZEC): Zcash is a privacy-based cryptocurrency and is loved by many. It’s a decent investment, but I wouldn’t put more than 4% in my portfolio.
  9. Ripple (XRP): For those who are looking to hold Ripple long term, the Ledger is an ideal choice. They added support in mid-2017, and now, I believe it’s one of the best wallets for holding Ripple.
  10. Stratis (STRAT): Stratis is a strong cryptocurrency with a great development team and a bright future.
  11. Komodo (KMD): Ledger added support for Komodo recently, and Komodo is doing some awesome work. A crypto you should hold for long term.
  12. PoSW
  13. ARK
  14. Ubiq
  15. Expanse (EXP)
  16. PIVX
  17. Vertcoin
  18. Viacoin
  19. Stealthcoin (XST)
  20. NEO (Works with NEON Wallet and supports GAS too)
  21. Bitcoin Gold

ledger nano s tokens



Trezor the bitcoin safe – the hardware bitcoin wallet – a step in the evolution of bitcoin towards a completely safe payment system. Trezor brings peace of mind. Ultimate security – no matter how unprotected your computer or internet connection might be, your coins always stay safe with Trezor as it never exposes your private keys. Trezor is an isolated environment for offline transaction signing and using a small display you can visually verify the transaction contents. That’s why all operations using Trezor are entirely safe. Easy to use – Trezor is windows, OS X and Linux friendly. All you need to do is to connect your Trezor to the computer and follow the instructions. There are only two buttons, to confirm or to deny the action, so using Trezor is as easy and as intuitive as it can be. Users can backup the whole Trezor contents on a small piece of paper and use this backup to regain access to all their coins in case of disaster, loss or theft. Modern cryptography – Trezor uses state of the art cryptographic algorithms and practices, but you don’t have to read long manuals or to be a crypto-expert in order to use them properly. Community driven open-source – Trezor code is open-source and technical decisions are discussed with the wider developer community. Everything can be audited by an independent third party. This ensures that Trezor is absolutely transparent and backdoor free.

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Cryptocurrencies That Trezor Supports

Here is the list of Trezor-supported cryptocurrencies along with my insights on these coins.

1. Bitcoin (BTC)- This is a must-have coin in your portfolio. I would say you should have BTC as 40-50 % of your portfolio because being the pioneer cryptocurrency, it is the most dominant one.

2. Bitcoin Cash (BCH)- A fork of Bitcoin as you know but for a different use case. I would advise you to just HODL of it if you got BCH at the time of fork because it is certainly going to survive and will have good value in future. But don’t fall prey to its PR games where it tries to claim that BCH is the actual BTC.

3. Litecoin (LTC)- This is a must-have coin in your portfolio for 5-10 % because being a copy of Bitcoin with improved block timing, different proof of work and different supply Litecoin has always served as a testbed for Bitcoin’s future implementations. So it is also here for the long term.

4. Ethereum (ETH)- You can have Ethereum in your portfolio up to 20% because it is aspiring to be the world’s only super giant computer. But keep in mind that it has an ever-increasing inflating supply, but still a good investment right now.

5. Ethereum Classic (ETC)-This is a forked version of ETH and you can read more about it here.

6. DASH (DASH)- DASH is definitely a good investment with improved governance mechanism and better proof of work backed by a dedicated team so it should be 10-15 % of your portfolio.

7. Zcash (ZEC)-Zcash is total anonymous coin which has implemented Zerocash protocol for the first time but I would not recommend this more than 5% for your portfolio and you can read more about it here.

8. Namecoin (NMC)- Not recommended for your portfolio but you can read more about it here.

9. Dogecoin (DOGE)-Not recommended for your portfolio you can read our detailed guide on it here.

10. ERC-20 Tokens- ERC tokens are slowly gaining momentum some of the ERC tokens that are worth looking are OmiseGo, Golem, and CIVIC.

There is also work in progress for implementing NEM cryptocurrency.

But not all of the coins have a natively supported app for them. Still, they can be used with other interfaces. Here is the list of Trezor supported coins as per their interfaces.

coins and tokens trezor

Understanding Storage

Once you have started your journey into Cryptocurrency and Bitcoin investing you will eventually realize the importance of safe keeping and storage of your digital assets. Storage and safety can be difficult to grasp especially since this technology is coming out of left field for most of us. Most tokens are created on the Bitcoin Blockchain or the Ethereum Platform or a technology that is very similar to one of these. Understand that your digital asset always stays on the Blockchain, or wherever it was created. When you purchase your digital currency you basically receive an address where that digital asset lives so you can access it, you can use this address to receive more of that particular currency and share the public address for payments or donations or any transactions. When storing your cryptocurrency you will create private keys to protect others from being able to steal your digital assets. The amount of your assets along with your long term and short term goals will determine what you will do with your cryptocurrency and how you can better protect them.

Apps, Platforms and Exchanges
If you have a short term goal of trading or sending and receiving your Cryptocurrency you want them to be easily accessible and your options would be to keep them in your Coinbase/Gdax Account, or store them on an exchange such as Bittrex, Kraken, Coinigy or Poloniex if you plan on making frequent trades. If you want to send your coins to the exchange first you must determine which coin or tokens does each exchange support. The major coins such as Bitcoin, Ethereum, or Litecoin are pretty much on every exchange in the world with the exception for example of Etherdelta.com which only supports Ethereum blockchain or ERC20 Tokens. When sending to an exchange always remember you can only send bitcoin from a Bitcoin address to a Bitcoin Wallet, your exchange will generate this address for you and remind you to be sure you are sending Bitcoin to a Bitcoin Wallet, Litecoin to a Litecoin Wallet, you get the picture. There are a couple ways to send your coins, you can copy and paste the address being very careful to check the first 5 digits and last digits so you know you have the correct address typed in the field.



Sending and Receiving Coins and Tokens

The other easy way to send tokens is to generate a QR Code that you can scan for example with your smartphone when you are sending from your Coinbase Ap to and exchange. This takes a lot of the error out of copy and pasting, the addresses are usually way to long to try and manually enter and I would not recommend it. When using your Coins and Tokens frequently, storing using them on a trading platform  is very convenient. The Flexibility of being able to react to price movements and setting limit orders are a few benefits. Leaving your coins on the exchange also saves you time, energy and gas because each time you send coins or tokens you pay a gas charge for the network to move the transaction thru. The fee for Bitcoin can be expensive and eat up your coin amount if you repeatedly move your Bitcoin around, Bitcoin is also very slow and takes numerous approvals from the network, Litecoin is much cheaper and quicker, and most exchanges allow you to set the Gas higher or lower depending on which speed you want it sent.

So we have the convenience of having our coins on an Ap or exchange but the downside is the security! most people who have been in the Crypto game for awhile agree that you really don’t want to trust any third party with your coins for very long, there have been hacks, although not frequent the Mt. Got hack is the most famous and was devastating to Bitcoin holders and also devastating to the short term price of Bitcoin. Remember that Aps, Trading Plaforms and Exchanges are short term storage solutions and in no way guarantee safe keeping of your coins so use your discretion and preferably only store coins that you will be actively trading and use Two-Factor Authentication to assure your approval when withdrawing coins from the exchange. So in recap, this is the easiest way to store your coins but probably the least safe, use a strong password, use 2-factor authentication and never login on a public computer, try and use one dedicated computer and keep all your passwords, private keys…etc on a removable hard drive and not on your desktop or in a folder on your computer.

Exodus Wallet

A nice way to manage and store your coins and gives you total control and easy to use.

CONTROL YOUR KEYS

Exodus encrypts private keys and transaction data locally for your eyes only. Your data remains private – no account setup required.

                                           BEAUTIFUL LIVE CHARTS  

Track the value of your blockchain asset portfolio, in real time, as market conditions change.

                                         PERSONALIZED FOR YOU

Personalize your wallet with color scheme and themes!


Jaxx Wallet 

You can go to the Jaxx website an download the Jaxx Wallet for free and you can use Jaxx with your smartphone and your computer. Below is a brief description. It handles many popular coins and tokens but not all as there are new ones popping up each day.

Jaxx Blockchain Interface

Jaxx is a cryptocurrency wallet available for download on 8 platforms. The Jaxx wallet is the top choice of Bitcoin users and cryptocurrency traders worldwide for its security, privacy, and simple yet powerful set of features.

Once you’ve bought Bitcoin, Ethereum or other digital assets on an exchange like Coinbase, Kraken or QuadrigaCX it’s time to take control of your coins from them. It’s time to get a Jaxx wallet to handle your cryptocurrencies.

Get control your Bitcoin, Ethereum and other cryptocurrencies by moving them off of exchanges and into Jaxx where you have true ownership of your private keys. We simplify owning Bitcoin, Ethereum, Litecoin, Dash, and dozens of other digital assets. Jaxx is beautiful, frictionless and intuitive. It also has free customer support if you encounter any issues while using it.

 Myetherwallet

Nice Tutorial

Paper Wallets

An inexpensive way to keep track of your coins or tokens is by creating a paper wallet. Many websites such as bitcoinpaperwallet.com or bit address.org can help you setup your online paper wallet fairly easily. Beware as with any website that you are sure you correctly type in the website name and bookmark it once you are sure it’s correct as Phishing scams involving fake sites that look identical to real sites are popping up all over and have cost beginners a lot of money from lost coins.

Paper wallets were the standard method of storage before hardware wallets became readily available. Paper wallets generate private keys that can be printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are a secure form of storage. This is a low cost way to store your Bitcoins and have access to them but you are putting your information at risk by depending on a third party.

The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to storage address. However, it’s possible to bulk print paper wallets to save time and eliminate address reuse. When gifting tokens you can generate an individual address and transfer the ownership to someone buy giving the paper address.

I’m not a big fan of paper wallets, I feel if you are serious about Cryptos you need to use a hardware wallet which puts added layers of security between the coins and makes it virtually impossible to get stolen or scammed. Security is very important and hard to understand at first but learning the best methods is so important.

Here are a few helpful tutorials for Paper Wallets
https://www.youtube.com/watch?v=P_J7d4AvqEI

Hardware Wallets

Trezor

Nano Ledger S

Keep Key