Decred is stored in a special wallet consisting of a private key and a public key (see above). There are hundreds of cryptographic wallets with various functions and it is difficult to recommend those that satisfy all your needs. Let’s see the main differences in various wallets.
Best 5 Wallet For Storing Decred
1. Hardware Wallets
They are so-called cold wallets, meaning they work offline – if payment is not required, the hardware wallet will store the personal key on the carrier and usually complete the payment transaction after entering the PIN code In order to connect to the computer via USB. High security and easy to use. The best Decred wallets is Trezor Model T.
2. Online Wallets
Online wallet runs on the server and can be accessed from any device. They are the easiest to use but keep in mind that your secret key is stored on the Internet or a third party. The possibility of hacker attacks and theft will be high. Decred’s most reliable online wallet is SatoWallet.
3. Mobile Wallets
They don’t function as desktop wallets, but you always have a wallet that you can use anywhere. Best mobile applique wallet – SatoWallet.
4. Desktop Wallets
You can download and install it on your computer. They can work and access only on this computer. As long as the computer is not attacked or attacked by the virus, they are one of the safest wallets. The best desktop decorop wallet is Exodus.
5. Paper Wallets
Banknotes related to digital currency are strange and interesting but exist in the form of printed private keys and public keys. Due to the physical (and offline) nature, it provides a very high level of online security.
Tips for securely storing your Decred
- Back up your data. Regardless of which wallet you choose, ensure you back it up as often as possible. This helps you to maintain security, privacy, and protection for your funds and gives you the ability to recover your holdings if anything goes wrong.
- Two-factor authentication. If two-factor authentication is available, make sure you enable it. It provides an added layer of protection to your wallet and gives you a second step to access your wallet in the event your password is compromised.
- Strong passwords. If you choose a wallet that allows you to add in a passphrase on top of a PIN code, don’t pick something obvious or frequently used. The best passphrases are long, randomly generated ones, and you should change them every few months for added security.
- Install reliable security software. Schedule routine scans and keep your antivirus software updated to better protect your devices from any sort of malware, spyware and viruses.