Cryptocurrency is the talk of the town and people are just investing in it with so much confidence. What is the reason?
The volatile and unstable nature of crypto-currency acts as both a pro and a con for crypto-currency because it has lead to people earning a huge profit on one hand, whereas people are also unsure about it due to its unstable nature and it also leads to insecurity in people about their money.
Another thing that is important when you crypto-trade is a wallet. You cannot just start crypto-trading without a wallet as the crypto-trading wallet not just stores your money but also enables you to receive and send cryptocurrencies. People visit online to Profit Revolution and to earn money with cryptocurrencies.
There are five types of crypto-trading wallets available: online wallet, a desktop wallet, a paper wallet, a hardware wallet, and an online wallet.
An online wallet as the name suggests is a cloud system wallet that can be accessed through the internet. A desktop wallet is offline software that you can install on your PC. It is much safer with high-end security as compared to an online wallet.
A hardware wallet is a USB device connected to your phone that consists of your account's private information and can store large varieties of cryptocurrencies. Paper wallet as the name already suggests is a physical copy that has both the public and private addresses. You can use the official public address to transfer the funds and private keys for withdrawing all the money.
Want to know about crypto-trading and mobile wallets?
Here, I am going to talk about the phone-based wallet and most importantly Android-based cryptocurrency wallet and it’s advantages.
So, let me tell you that if you are looking for android based mobile wallets, these are the best options:
So, let me list down some of the benefits of using android based mobile wallets.
- Rapid transactions
Many outlets and businessmen have started accepting bitcoins as a standard mode of payment. So, when you go with your family and friends you can pay for your coffee, movie tickets and even tips with bitcoins. When you have an android mobile-based wallet, then the transaction becomes much easier and swift. The advantages of having a mobile-based wallet are that you can use it anywhere you want, you just need to have a stable internet connection.
- Easily accessible
If you are a phone junkie and also keep checking the Bitcoin status on your phone, then the android based mobile wallet is made for you. With the help of the Bitcoin wallet app, you can keep an eye on your Bitcoin updates and easily do transactions. It also enables you to purchase the Bitcoins easily online.
- A great technology
It can be greater than boosting your new technology to your friends. Having a mobile-based android crypto-currency wallet is great indeed and it enables you to give tips to the waiters in Bitcoin and boost about your new tech-savvy technology, branding you as a tech-junkie.
- Funds your Bitcoin debit card
Ok, this may be news to many as not many people are aware of it, but you can use your Bitcoin mobile wallet to recharge your Bitcoin visa/debit card. Then you can easily use this card to swipe at visa/MasterCard Merchant.
Having said that in the end, I would like to say that android based mobile wallets are fun and if used wisely, it can be the most convenient and easy form of crypto-trading.