In spite of the emergence of countless privacy-centric crypto coins, Monero remains one of the most popular for crypto users looking to operate anonymously. The coin makes use of a special type of cryptography to make all of its transactions untraceable and unlinkable.<\/p>\n Everyone who owns Monero uses a digital Monero wallet to keep track of it. Cryptocurrency wallets can be used to:<\/strong><\/p>\n Each Monero and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot:<\/strong><\/p>\n Monero forked from a cryptocurrency known as CryptoNote in 2014 and is based on a protocol known as CryptoNight Proof-of-Work hash algorithm. The protocol incorporates Ring Signatures, which mix every user\u2019s input with a group of other transactions making it hard to link them.<\/p>\n Furthermore, the network generates stealth addresses for every transaction making it hard to track the sender and recipient. And finally, it implements ring confidential transactions mechanism to conceal the transaction amount.<\/p>\n There are seven core developers leading the Monero team, five of whom remain anonymous, and the other two are Riccardo Spagni (\u201cFluffypony\u201d) and David Latapie. The project is crowdfunded and open source.<\/p>\n Its strong adherence to privacy features has kept Monero in the top 25 coins by market capitalization since its inception. At the time of this writing, it was in the 13th<\/sup> position on the charts.<\/p>\n Though initially there were few wallets supporting the coin, the number is gradually increasing with its rising popularity. Monero wallets are designed to allow users to send, receive and store Monero. Let us look at some of the top choices.<\/p>\n<\/div><\/div>\n Binance is one of the most popular crypto trading platforms globally. Though it had its origins in China, the exchange later moved to Malta, the renowned crypto island.<\/p>\n It has only been in existence since 2017 but in that time, has managed to gain massive popularity.<\/p>\n This has partly to do with the fact that it offers one of the most competitive trading fee systems. It also has a highly charismatic CEO, Chnagpeng Zhao, and an active online presence.<\/p>\n Binance offers basic and advanced trading options, though neither is suited for complete novices.<\/p>\n To create your own exchange wallet on Binance, follow these steps:<\/p>\n Step 1 – Create Your Binance Account<\/strong>.<\/p>\n To start with, enter your email address and create a new password so as to register an account on Binance.<\/p>\n Binance will send you an email, click on the link in the email to access your account.<\/p>\n Before you can unlock full functionality, you will need to supply a little more information about yourself.<\/p>\n Note: You can’t buy Monero with fiat money (like USD) on Binance.<\/strong><\/p>\n Step 2 – Go to “Funds” > “Balances”<\/strong><\/p>\n On this page, you will find all of your accounts wallets.<\/p>\n Anytime you buy a cryptocurrency on the site, your order will reflect in one of these wallets. The wallets are organized starting with those that have coins in them at the top of the pile.<\/p>\n To send Monero to the Monero wallet address, simply click \u201cDeposit\u201d. Once you deposit funds in the wallet, you can start trading Monero in the pairs listed on the exchange.<\/p>\n<\/div><\/div>\n Exodus has made a big name for itself as one of the most popular software wallets for desktop and mobile use.<\/p>\n Some of its top highlights include the fact that it supports a wide array of coins and has a user-friendly interface, particularly suitable for beginners.<\/p>\n Clean design and intuitive steps for performing most actions make it difficult to get lost when carrying out transactions in the wallet.<\/p>\n It has been in existence since 2016 and currently supports more than 100 cryptocurrencies and can display balances in over 30 fiat currencies.<\/p>\n To open your own Exodus wallet and store Monero, follow these easy steps:<\/p>\n Step 1: Download Exodus<\/strong>.<\/p>\n Download your desktop (Linux, Windows or Mac) or mobile wallet from Exodus.io and follow the on-screen prompts to install it.<\/p>\n Step 2: Open Your Exodus Monero Wallet<\/strong>.<\/span><\/p>\n Once you open your Exodus wallet, you will be able to view all of the currencies it supports. Open your Monero wallet by clicking \u201cWallet\u201d on the left and then selecting Monero.<\/p>\n Launch the wallet to view your wallet address, balance and any other relevant information.<\/p>\n<\/div><\/div>\n Guarda wallet is a multicurrency light wallet available for use on the web as well as on mobile platforms, Android and iOS. It supports a good number of coins and more are added all the time.<\/p>\n It facilitates cryptocurrency purchases using bank cards and offers a built-in crypto exchange. The user gets full custody of their wallets including the private keys.<\/p>\n The wallet is easy to use and features an intuitive user interface. To enhance its convenience, it has partnered with Changelly for fast and easy crypto conversions within the platform.<\/p>\n Open your own Guarda Monero wallet by following these steps:<\/p>\n Step 1: Create a Guarda Wallet<\/strong><\/p>\n Visit Guarda.co and click \u201cCreate Wallet.\u201d As already mentioned you can use it as a web wallet or download an app to use it on your Android or iOS mobile device.<\/p>\n Once you create your wallet, make sure to create a backup in case you lose access to the wallet. You can use the backup to recreate your wallet if you ever get locked out of your account.<\/p>\n Step 2: Access your Monero wallet<\/strong><\/p>\n Your Monero wallet will already be active within Guarda wallet the moment you launch it. As soon as you azccess the account, you can start sending XMR to the wallet, sending it to other users or storing the coin as an investment.<\/p>\n<\/div><\/div>\n Atomic wallet is a desktop wallet with a focus on security, decentralization and anonymity. Just like Guarda, it gives full custody of private keys to the users, placing account safety within their control.<\/p>\n As its name implies, the wallet was created to leverage the concept of atomic swaps for fast and efficient currency conversions. Though that makes it sound complicated, the wallet remains easy to use and friendly.<\/p>\n Users can buy crypto using credit cards on the platform though this comes at a hefty fee. It is integrated with Changelly and ShapeShift, further enhancing its convenience.<\/p>\n The wallet is available in different versions for Windows, Mac OS, Ubuntu, Fedora and Debian operating systems. To download and install the wallet, follow these steps:<\/p>\n Step 1: Download Atomic Wallet<\/strong><\/p>\n Go to atomicwallet.io and download the latest version available for your operating system.<\/p>\n Follow the on-screen instructions to install the wallet, create a password and write your backup phrase<\/p>\n Step 2: Access Your Monero Wallet<\/strong><\/p>\n To access your Monero wallet, log in to your wallet and on the list of supported coins, find Monero.<\/p>\n Next to it, click on \u201cYour Address\u201d to view the wallet\u2019s public address and use it to send XMR to your Atomic wallet.<\/p>\n<\/div><\/div>\n For residents of the UK, there are countless cryptocurrency wallets to choose from.<\/p>\n With the passing of time, more service and possibilities will emerge for buying\/trading Monero and other cryptocurrencies.<\/p>\n<\/div>\n For a long time, Binance was unavailable to crypto users in the US as it had yet to get licensing to operate in the region.<\/p>\n Fast forward to the present day and it has gained lots of popularity in this market.<\/p>\n In addition to providing support for web services, it is available for download as a mobile phone or desktop app.<\/p>\n Best of all, it has a wide array of features that allow both novices and experienced users to enjoy trading and access to other facilities on the site.<\/p>\n<\/div>\n In Australia and New Zealand Binance is one of the most popular wallets. However, due to the fact that it is an exchange wallet (hot wallet) it is not the most secure option for long-term storage.<\/p>\n Rather, one should only hold those digital coins that are in use at any given time. But users should store the majority of funds in a more secure wallet.<\/p>\n<\/div><\/div><\/div>\n We have mentioned a number of different types of Monero wallets. Let us go through the main types to further shed light on the best Monero wallet for you.<\/p>\n On cryptocurrency exchanges, users get access to Monero exchange wallets. These are specifically meant to store newly purchased coins before one transfers them to a more secure option.<\/span><\/p>\n Due to the convenience, it might be tempting to store coins in exchange wallets. But these are more prone to hacking and user loss of funds. Rely on more secure options such as Monero hardware wallets for long term storage.<\/span><\/p>\n Here are our favorite Monero exchange wallets:<\/strong><\/p>\n These are widely considered as some of the safest wallets as they are usually offline unless during funds transfer.<\/span><\/p>\n As such, Monero hardware wallets are almost completely hack-proof and a great choice for long-term storage of big amounts of crypto. <\/span><\/p>\n Though all hardware wallets are innately secure, only buy yours from an authentic source to avoid ending up with a counterfeit.<\/span><\/p>\n Here are some good examples of Monero hardware wallets:<\/strong><\/p>\n These include mobile and desktop wallets which store currencies on your phone or computer.<\/span><\/p>\n They are more secure than exchange wallets but due to their connection to the internet, Monero software wallets are not as safe as hardware.<\/span><\/p>\n What makes them ideal, however, is the fact that they allow for convenient access to funds for everyday transactions. A great rule to follow is to store small amounts of crypto on these software wallets for everyday use but to keep the bulk of funds in hardware wallets.<\/span><\/p>\n Here are some good examples of Monero software wallets:<\/strong><\/p>\n Infinito Wallet is one of the best wallets for Apple iOS users. It supports a good number of cryptocurrencies and offers lots of buying and trading options to suit users at different levels.<\/p>\n If however you are interested in getting a higher variety of currencies, Exodus is another choice.<\/p>\n<\/div>\n\n
What is a Monero Wallet?<\/h2>\n
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<\/p>\nBest Monero Wallet Providers<\/strong><\/h2>\n
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<\/a><\/p>\nBest Monero Wallets in Your Country<\/h2>\n
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<\/p>\nDifferences Between Exchange, Hardware and Software Crypto Wallets<\/h2>\n
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<\/p>\nExchange Wallets<\/strong><\/h3>\n
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<\/p>\nHardware Wallets<\/strong><\/h3>\n
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<\/p>\nSoftware Wallets<\/strong><\/h3>\n
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Best Monero Wallet on Mobile<\/h2>\n
Best Monero Wallet Apple<\/strong><\/h3>\n
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<\/p>\nBest Monero Wallet Android<\/strong><\/h3>\n