Hello once again my fellow tech fanatics! It’s Stevson, I am back to share with you about wallets! 

So what is a cryptocurrency wallet? It’s a software program that stores both private and public keys and interacts with various blockchain platforms to enable users to send and receive digital currency, as well as to monitor their balance amount. It is always recommended for cryptocurrency users to use a wallet for security reasons – such as its ability to store your sensitive data, while making it more accessible for you to decide how you wish to manage the security of your private key. Furthermore, the sensitive data inside this wallet is encrypted with a password that hopefully exists only in your head. 

I have selected three wallets that I think works the best in my humble opinion, and categorized them into “Mobile”, “Web”, and “Hardware”.

Comparison Table 

Type  Mobile Web Hardware
Logo
Wallet AirGap Galleon Wallet
Ledger Nano S 
Description AirGap uses a two-device (smartphone) approach to totally secure your coins and tokens.  Galleon Wallet is a wallet developed by Cryptonomic for Tezos, supporting both software and hardware wallets in 8 languages on Windows, Mac and Linux Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet. Ledger Nano S has an application called Ledger Live which allows you to download applications on the Ledger Nano, it provides an interface for the Ledger Nano.
Speciality 
  • Delegation and baking
  • Exchange which allows you to swap currencies seamlessly
  • One way communication with QR codes
  • Backup & Restoration
  • Backup & Restoration using a seed phrase
  • Users can choose to set up either a web wallet or ledger wallet on account creation
  • Multi-currency
  • Built-in Display
  • Back up & Restoration
  • Offline system
Cons 
  • Risk of mobile viruses and malware
  • Only supports Tezos
  • Vulnerable to online cyber attacks for those who chose the web wallet as the secret key is stored online, allowing hackers to steal the secret key.
  • Tedious process to restore your wallet due to the 24 long and hard-to-remember words
  • Lacks passphrase support
  • It is the most costly type of wallet
Link https://airgap.it/ https://galleon-wallet.tech/ https://shop.ledger.com/products/ledger-nano-s

Thank you all for taking the time to read through this table – hopefully it serves its purpose in helping you choose the wallet most suited to you. There are plenty of other wallets that supports Tez, you can check them out here: https://www.tezos.help/#wallets

Hold up! Before you leave, I, along with a new intern (also my apprentice) will be writing up separate guides on how to set up these three wallets to bake and delegate, as well as a bonus wallet that I personally use. So, you will hear from me again real soon. Maybe we could make this into a blog series – “Chronicles of The Interns” – what do you think? 

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