If you’re new to cryptocurrency, or are looking for a way to store your assets, you might be wondering how a crypto wallet can help you. From explaining what a crypto wallet is to exploring how easy they are to use, OWNR Wallet take a look at understanding crypto wallets so that you can make the right choice when it comes to managing your cryptocurrency assets.
What is a crypto wallet?
A crypto wallet is like a traditional cash wallet in the sense that it offers a place to store your assets. A crypto wallet app may not be essential if you’re handling currency, but it certainly makes managing and controlling your coins a lot easier. If you are collecting a range of coins, it may be that you think that you need a number of different wallets, but this is not the case. Multi-currency wallets such as OWNR Wallet enable you to efficiently manage a variety of coins and tokens in one place, meaning that you don’t have to spend time switching between multiple crypto wallets – saving time and preventing frustration. To download your OWNR Wallet, or to find out more about this user-friendly app, visit ownrwallet.com today.
What does a crypto wallet do?
A crypto wallet enables you to manage your cryptocurrency with options to send and receive coins as and when you want to. With OWNR Wallet, you can exchange and buy cryptocurrency, and tokens are added directly to your account as the wallet receives them thanks to its unique token autodiscovery feature. In your OWNR Wallet, you’ll be able to see a list of your currencies with their fiat exchange rate displayed beside them, in whichever currency you choose. These can be sorted by coins, tokens, or your favourites, so keeping an eye on your assets couldn’t be easier.
Are crypto wallets safe?
The idea of cryptocurrency is that it’s completely transparent and secure, which is one of its main appeals, and keeping your own assets safe is very important. Many crypto wallets require a confusing combination of private and public keys in order to send and receive coins in a secure way, but OWNR Wallet is perfectly protected through the use of a seed phrase. This seed phrase contains a combination of 12 to 24 random words which need to be entered in the correct sequence in order to access the wallet. You can also choose to protect this further through adding a password of your choice. Once in the app, you can add a pin code, face ID, or touch ID for an extra level of security, giving you complete peace of mind.
Unlike many crypto wallets, OWNR Wallet is non-custodial and they have no access to your wallet. Only people who know the seed phrase can view your assets, so as long as you keep this secret there will be no third party interference. It’s recommended that you write your seed phrase down and put it in a safe place, rather than store it in your device, for optimum security.
Are crypto wallets easy to use?
Some cryptocurrency wallets can be a little confusing in their design, especially if you’re dipping your toe into the world of crypto for the first time. However, OWNR Wallet has been designed with those new to this idea in mind, meaning that it’s perfectly suitable for beginners. Different currencies can be added to your wallet with a few simple taps, and each one will be listed with the options to send, receive, exchange, and buy. You can choose whichever language and fiat currency you like in line with your requirements, and there’s 24/7 customer service support on offer should you encounter any problems.
If you already have a crypto wallet and are looking for a non-custodial, multi-currency option, you can simply restore your current wallet into OWNR Wallet using its handy asset autodiscovery feature. All of your coins and tokens will appear in your new wallet without you having to upload them manually, saving lots of time and effort.
Who are OWNR Wallet?
Established in 2018 OWNR Wallet are an Estonia-based team made up of IT professionals. With backgrounds in everything from cryptocurrency and marketing to fintech and cyber security, this team have created a crypto wallet that is non-custodial, multi-currency, multi-platform and very easy to use. Created with beginners in mind, OWNR Wallet is also perfect for traders, developers, and businesses, thanks to its fantastic range of features.
