In such as boom of cryptocurrencies we need to secure our precious coins. We will show you the best Bytecoin (BCN) Wallets to secure your cryptocurrencies very safely.
What is Bytecoin (BCN)
Bytecoin is a decentralized platform which is open-source so everyone can take part in this cryptocurrency. Bytecoin provides privacy and security to its users and it may be the best solution for financial privacy.
Transactions provided by Bytecoin are untraceable are provided instantly by the Bytecoin network and they don’t require any fees.
Bytecoin uses PoW consensus algorithm where you can take part by providing computing power and earning rewards. This process allows this decentralized platform to enable secure transactions. To earn BCN you can take part or can directly buy from exchanges such as Binance.
Transactions are secured by cryptographic functions and are carried out every 120 seconds. Bytecoin Miners provide cryptographic protection but they cannot access the identity of senders and receivers and conceal the sum transferred. Bytecoin Wallet provides security to store BCN.
What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a storage of any cryptocurrency which is in form of a software installed in a server, PC and mobile. Wallets are also used for sending and receiving cryptocurrencies. Cryptocurrencies are not stored in a wallet but they show ownership of a public key which is connected to the amount of particular cryptocurrency. For example, if you purchase some BCN from Binance then the exchange will show the amount of holding of your BCN in a BCN Wallet. Thus cryptocurrency wallets act as a storage of private and public allows for sending and receiving payments, and a ledger of transactions.
Types of cryptocurrency Wallets
- Hardware Wallets – Hardware wallets are specifically made to hold cryptocurrencies. Hardware wallets are in shape of a USB stick It is the safest way to hold coins. You can also make transactions with the help of this wallet.
- Desktop Wallets – A Desktop wallet uses in-app coins client. It is the most common way to store cryptocurrencies.
- Mobile Wallets – Mobile wallets are installed in a smartphone. It is the most feasible way to store coins and it makes easier to perform transactions.
- Paper Wallets – As the name suggests you have to note down your public and private keys. Paper wallet also allows you to send and receive coins.
Read Also – Best Bitcoin Wallet for Android Device
Best Bitcoin Wallets for iOS device
Best Bytecoin (BCN) Wallets
- Bytecoin Desktop
- Mobile Wallet
- Web Wallet
- Bytecoin Deamons
Download Wallets from here