An item that should never be overlooked by cryptocurrency investors is the portfolio that they choose to conserve their digital assets. When it comes to storing cryptocurrencies, smart investors know that online cryptography exchanges do not replace an actual cryptographic portfolio. Many cryptocurrency exchanges have victim victim of hacking in the past, which means that your positions are not completely secure if you depend on a centralized third party for protection. With this in mind, let's take a look at some of the best portfolio choices that investors have for the new year to protect their investments.
eToro
Image source: eToro
eToro, the well-known online brokerage, has recently announced the release of a compatible cryptocurrency portfolio provided by eToroX. This cryptographic portfolio is available on mobile devices for both iOS and Android devices and works seamlessly with eToro's online exchange. In addition, the eToro portfolio includes 2-factor authentication (2FA) and is very intuitive with a simple and intuitive interface. Users can move cryptocurrencies to other portfolios, exchanges and even to a long-term cold storage hardware portfolio.
Cryptocurrencies supported: BTC, BCH, ETH and LTC: with others on the way
Coinbase wallet
Image source: Coinbase wallet
Not to be confused with online storage space via Exchange app and Coinbase website, Coinbase wallet (formerly "Toshi") is a separate portfolio of cryptocurrencies offered by the company. Like eToro, the wallet is available for both iOS and Android on mobile devices. Coinbase Wallet is present in the list for its simplicity and ease of use for the Ethereum network. You do not need to create an account, verify your identity, etc. As if there was an online exchange; just choose a username, enable your fingerprint or PIN access and get started. However, at present, the portfolio only supports resources based on Ethereum, which means it is a good choice for those holding ERC-20 tokens and interested in decentralized applications (dApps) or collectibles such as CryptoKitties .
Supported cryptocurrencies: Token ETH, ETC and ERC-20 (BAT, 0x, MKR, OMG, etc.) – with others coming
Jaxx
Image source: Jaxx Liberty Desktop Wallet
The next on the list is Jaxx. Unlike Coinbase and eToro, Jaxx offers a native desktop portfolio and slightly more advanced features while maintaining a user-friendly design. With the desktop wallet, users also have access to a mobile wallet for downloading on both iOS and Android. Using a Jaxx portfolio, users who generate a private key for their cryptocurrencies will not have that key stored on an online server. While this is good news for privacy and security, it means that users must take backup of their wallet seriously. In addition to simple storage, Jaxx also offers an encrypted news feed and has an integrated Shapeshift function that allows users to exchange cryptocurrencies with the service.
Cryptocurrencies supported: BTC, BCH, ETH, ETC, LTC, DASH, ZEC, DOGE, RBTC, JXX, GNT and REP
Ledger Nano S
Image source: Ledger Nano S
No cryptographic portfolio list would be complete without the inclusion of hardware portfolios. If long-term security and storage is a higher priority on your list than accessibility and ease of access, then the Ledger Nano S he is a top contender. With a lower price than many other hardware portfolios, Nano S is a competitive option for securely storing your cryptography offline. At this point, Nano S is one of the standards for hardware storage and eliminates the risk of private keys being exposed to the Internet and integrating with multiple software portfolios.
Cryptocurrencies supported: BTC, XRP, ETH, XLM, BCH, EOS, USDT, LTC, TRX, XMR, BNB, MIOTA, DASH, NEO, ETC, ZEC, MKR, BTG, DOGE, VET, ONT, OMG, TUSD, WAVES, 0X , BAT, USDC, and many others – check the complete list on Ledger website.
What is the best option for you?
At the end of the day, choosing a cryptocurrency portfolio is all about your goals. For those looking to securely store long-term cryptocurrencies without much movement or use, a hardware portfolio is the clearest choice. However, hardware portfolios are not cheap and sometimes users need to easily access their encryption on a daily basis. In this case, consider a mobile wallet for everyday use. No matter which wallet you choose, you're never wrong with any of the previous ones.