There 3 types of Crypto Currency wallets:
- Software wallets
A software wallet runs in your browser or as a program or app that you install on your computer or mobile device.
- Hardware wallets
A hardware wallet is a device that you connect to your computer, usually via USB, to store and access your funds.
- Paper wallets
A paper wallet is a piece of paper with your private key(s) to store in a safe place or bank deposit box.
Here’s a great overview of current Crypto Currency wallets.
Store your Crypto Currencies on a hardware wallet. Here’s why:
- A software wallet is located on the web or or your computer. But a computer can crash, get hacked or infected.
- A paper wallet is cumbersome, works only for certain currencies and needs to be stored in a safe place.
- A hardware wallet is independent of a specific computer, very safe and easy to use and store.
The Ledger Nano S is a hardware wallet that can store Bitcoin, Litecoin, Ethereum, and many other AltCoins. It looks like a thumb drive and connects via USB. It is safe, affordable and easy to use. And you can even recover your funds if the device itself gets lost, stolen or destroyed.
Important: ONLY buy the Ledger Nano S on the original Ledger Wallet website, do NOT buy it on eBay or from other resellers.