Which Cryptocurrency wallet to Choose: Klever Wallet?

Stepping into Cryptocurrency world may seem like "The world has changed". And may also feel like beginning of new era. But this will only happen if you realize, anticipate and understand the potential of Blockchain and Cryptocurrency.

You might have known about the cryptocurrency through a cryptocurrency exchange or you might have known due Bitcoin or you have told by a friend or anyone else. But if you want to build a cryptocurrency portfolio, you will need a cryptocurrency wallet.

There is many mistakes that beginner's do while choosing a cryptocurrency wallet. They sometime get confused with exchange wallets.

What is an exchange wallet and cryptocurrency wallet?

If you are starting your cryptocurrency journey with Brave Browser as I did then you should know that Brave Rewards that is paid in BAT crypto tokens is withdrawn to an Uphold wallet which is an exchange wallet provided Uphold exchange. Currently there is no other option provided by Brave browser to withdraw rewards into personal crypto wallet or something else.

This basically means there are exchange wallets and then, there are personal crypto wallets.

Exchange Wallets: Exchange wallets are basically custodial wallets offered by third party platforms to maintain your crypto or other assets. These wallets are offered by cryptocurrency exchanges that remain in full control of your wallet and may also offer facilities of crypto exchanges and trading. You will not be in possession of your wallets private keys of custodial wallets or exchange wallets. The keys will be maintained by these exchanges. Due to these facilities and maintaining your crypto wallet, they take charges from your portfolio on transactions from your wallet according to their policy. Some of the famous cryptocurrency exchanges are Coinbae, Binance, Crypto.com, Uphold etc.

Personal Wallets: Personal wallets are non-custodial wallets. You will bein full control of your personal wallet. While creating Personal wallets you will be given its private keys. You will be the only one to have this unless you disclose it to anyone else or you lose it. If you lose your private key, you will lose all your asset within the wallet. Anyone with the private key will have full access of your wallet.

Exchange wallets are not recommended if you only want to hold and make transactions with your crypto assets. These exchange platforms charges extra fees whenever the transactions are made outside these exchanges. If you want to trade or exchange your one asset into another one then and only then you should create an exchange wallets.

But if you only want to hold your asset or use is it as means of payment then personal wallet is best for you.

This being said every person should have a personal wallet unless if he/she wants to exchange the asset or trade it, then I would recommend both personal as well as exchange wallet.

Which personal wallet to choose?

Since, there are thousands of crypto assets and if you want to have some of them, you might end up creating crypto wallets for each asset. This may lead to headache in a sense that you have to keep private keys safe for each of wallet. And even then you will not have all your wallets at one place. Well, I faced these problems if not you.

To overcome these problems, I would recommend Klever Wallet.

The problems specified above are solved by Klever Wallet. It supports major crypto blockchains which basically mean you will have crypto wallets for most of the crypto currency and tokens and all at one place. Along with this, it offers wallets private keys to the users which means users have total and full control of each of their assets. Since, you will have own private key and full control of assets, you will not have to pay extra charges on payments and transactions.

Klever also offers crypto exchange, staking and buying of crypto using credit or debit card if you want to use these facilities.

Facilities offered by Klever Wallet

1. Klever wallet support major crypto blockchains including Bitcoin, Ethereum, TRON, Binance, Ripple, Litecoin, DigiByte, DogeCoin, Dash, Bitcoin Cash and ERC20, TRC10 and 20 and all BEP 20 tokens.

2. It serves over 2 million users from more than 200 countries worldwide.

3. It offers users to have total and full control of their private keys.

4. Users can have all their assets at one place through Klever wallet app.

5. Users can stake and earn hourly interest on their asset (Only some assets can be staked).

6. It also offers swapping of one crypto asset to another.

7. It also offers DApp browser within the app from which users can access many decentralized services.

8. Users can buy crypto using debit or credit card

9. It has launched its separate Klever exchange where users can trade their crypto assets.

10. Klever has also launched digital banking to simplify cryptocurrencies but it is only available to the residents of Brazil for now.

Where to download Klever wallet?

Klever wallet App is available on Google play store and App store. Note that Klever exchange is only available for Android and you can download it from Google Play store.

Conclusion

Cryptocurrencies are digital currencies that provide decentralization and control but they are also risky. As the technology is growing, so are the facilities and assets. If you are just stepping into cryptocurrency, if you are just a newbie then this much of facilities are not important and meaningless to you. You will just need a safer and self-custody wallet to start with. And this can fulfill by Klever.

But if you want to use other facilities involving cryptocurrencies which are offered by some third party platforms, you should thoroughly inquire about it before using the facility. Cryptocurrency transactions are irreversible and your asset might get lost in the process. So first inquire, understand and then use.