Important Types Of Cryptocurrency Wallet You Should Know #011

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Hello crypto friends,

With a humble heart, I happily come before you all today to discuss on another issue of great importance.

As a crypto lover, it is very important that we know where and how to secure our digital assets.

We need to learn how to secure our funds in a way most pleasing to us and today, we shall be discussing on different types of cryptocurrency wallet available.

Tag along and you won't regret it 😊

CROSS PLATFORM WALLET:

As the name implies, a cross platform wallet can be explained to be a digital wallet that allows users to manage, store and use their digital asset across different platforms or devices.

The digital wallet was traditionally designed to work on a specific type of system, and users then could only download the wallet that is compatible with their operating system.

Then this wallet were designed to operate on iOS, Android, Windows etc.

However, cryptocurrency developers saw the need to create wallet that is compatible with different devices and system and this was as a result of the wide and rapid adoption of cryptocurrency.

This wallet is what we know as cross platform wallet and it was designed to offer more convenience to users.

A cross platform wallet is designed using technologies such as CSS, JavaScript, HTML and they are designed to work simultaneously across different operating systems.

One beautiful thing about a cross platform wallet is that it allows users to access and manage their funds across different devices and operating system.

For example, an investor can manage his funds with his iOS device while at home, with his windows system while in the office and with his mobile device while traveling, provided he is making use of the wallet's application software.

With the use of a cross platform wallet, users have the ability to send, receive and perform many other wallet activities on a wallet across different devices.

DESKTOP ONLY WALLET:

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A desktop only wallet which is sometimes called the client wallet is explained to be the type of cryptocurrency wallet that is designed to function on a desktop computer.

It is known to be a software application that allows users to send, receive and transact with cryptocurrency only on a computer system.

Unlike some other forms of wallet which requires internet connection to be assessed and can easily be accessed through a web browser, a desktop wallet is directly installed to a user's computer system and only he has the access to his funds.

To make use of a desktop only wallet, a user must have a certain level of responsibility and technical proficiency, he must be able to update his system regularly, and also learn to backup wallet keys so as to prevent loss of funds.