Best Wanchain (WAN) Wallets To Use In 2021
WAN token is the native token for Wanchain blockchain that aims to create a new financial market for digital assets through cross-chain transfers across blockchains.
In the past, the token has shown its potential by delivering value to its investors through handsome returns. And, still has a lot to offer.
So, if you are invested or planning to invest in this revolutionary token and looking for safe storage options, then here is the list of best Wanchain wallet.
Best Wanchain (WAN) Wallets
But, before starting, let me share with you the parameters on which I have selected the wallets.
- Company reputation
- Security system
- Recovery option
- Multiple cryptocurrencies support
Now, let’s check out the options without much adding up to the story.
#1. Ledger Nano X (Hardware Wallet)
When it comes to securing your digital assets, no one does the job entirely, like hardware wallets from Ledger.
Ledger’s new offering in the line, Ledger Nano X is a step ahead from other hardware wallets.
Apart from increased support for cryptocurrencies (up to 100), Nano X comes with Bluetooth connectivity feature that lets you control it via Ledger Live mobile app on your mobile. This allows you to send, receive, and check your balance of all your digital assets on the go, including WAN Tokens.
Further, it deploys state-of-the-art security feature that lets you leave the fear of any hack or loss of tokens due to a security breach.
The private keys are stored in a certified secure chip, the same chip that is used in credit cards and passport. And, it also supports the recovery of your account on any Ledger devices using the 24-word recovery phrase.
#2. Trezor Model T (Hardware Wallet)
Trezor is another name in the hardware wallet segment that you can bank upon for storing your WAN tokens.
The Trezor Model T is a next-generation hardware wallet that acts as a universal vault for all your digital assets. With the support of more than 1000 cryptocurrencies and other advanced safety features, the Model T has a clear edge over other wallet options.
Its on-device touchscreen display helps in confirming and verification of all operations without the need to connect it to a computer or mobile. Further, it enhances the security of the wallet through on-device PIN entry, passphrase entry, and device recovery.
And, through Model T, you can easily backup or recover your entire wallet using the 12-word recovery seed in case you ever lose your device.
#3. Trust Wallet (Mobile Wallet)
The official cryptocurrency wallet of Binance, Trust wallet, is one of the highly-rated and reliable wallet options for storing WAN tokens.
It’s an online multicurrency mobile wallet that helps you to send, receive, and store WAN tokens and other leading cryptocurrencies.
The wallet platform is open source and has an effortless design with easy setup and interface.
In terms of security, the private keys are stored locally, means on their device having multi-layer security, and also has a simple backup process for easy recovery.
Apart from offering secure storage, the Trust wallet also boasts a decentralized exchange that works seamlessly with Binance DEX and Kyber protocol and Web3 browser, which helps to interact with decentralized applications directly from the Trust wallet app.
The mobile app is compatible with Android 5 and above, iOS 10 and up.
#4. Wanchain Wallet (Desktop Wallet)
Wainchain wallet is the official wallet that allows users to store, send, and receive WAN tokens and other tokens built on the Wanchain blockchain. The wallet is compatible with devices running on Windows, Linux, and Mac OS on the desktop. And, it also supports both Android and iOS on mobile.
The newer version of the Wanchain wallet 2.0 allows cross-chain transfers between the Ethereum network and the Wanchain blockchain as well as POS staking. And, it also works with both network of WAN and the ETH.
Lastly, it is a full node client meaning when you run this wallet; you are, helping the WAN network get stronger.
All the wallet options discussed in this article are suitable, but if you are especially eyeing for security and HODL it for the long term, then hardware wallets like Ledger Nano X and Trezor Model T are what you should go for.
But, if you have a small number of WAN tokens and investing in the hardware wallet is not feasible, then the Trust wallet or Wanchain wallet is the best option for you to choose, as both are free and secure. Also, both options are easily accessible from your mobile, which lets you spend or buy on the go.
I hope this article has helped to clear your doubts regarding storing your WAN tokens safely.
If you have any questions, please feel free to shoot them below in the comments section 🙂