It’s very important that you know where to store Electroneum coin safely.
If you have just acquired an Electroneum cryptocurrency, just know that crypto world is an unforgiving one.
Whoever controls the private keys of a crypto wallet controls the funds in it. And when your private keys goes in the hands of wrong people, you stand a chance of loosing everything.
In other words, am going to discuss all the options of storing your Electroneum (ETN) coin securely and safely.
Let me dive right into it straight away.
Best wallet for Electroneum
These are the safest ways to store ETN crypto-coins, but you must understand that they all comes with both pros and cons, which will help you in deciding the one you should use.
1. Offline ETN paper wallet
Since all your coins will have a key in the blockchain, for using the coin, you need to remember the key. After all, storing the key is one of the reasons why you need the wallet in the first place.
So, for protecting your currency from the hackers, you can have all your keys written on a paper, or on a PDF document.
For this, you can download an offline wallet generator app on the computer, go through the steps it requires you to take, and download the PDF document it generates for you in a secure location.
Remember to disconnect from the internet once you have the app on your desktop and delete the PDF after taking the print to escape the hackers.
2. Official Electroneum mobile app
The official ETN app wallet is also a secure place to store all your crypto coins. It is an interactive app that anyone can use on their Android and iOS devices.
The security this app offers for your currency is pretty high too as all the information is secured into a centralized database and the user is only required to remember the PIN.
However, even though the app sounds fool-proof for securing your e-wallets, it is not.
Hackers can discover security breaches and attack all the 4 Billion coins stored in the Electroneum cryptocurrency wallet at once. So be careful with this option.
3. Electroneum desktop wallet
If you believe that it is the cellphones that are more vulnerable to hackers and you want to keep you ETN secure on your desktop, then ETN’s official app is available for both Windows, Linux, and Mac PCs.
If you must use the desktop wallet software, then make sure that you verify the cryptocurrency desktop wallet address before making any transfer.
4. Electroneum web wallet
Electroneum also has an official web wallet for its users who prefer keeping all their records online only, so that, even if their computer or phone is targeted, their fortune remains secure.
Like the mobile wallet, the web wallet also requires two-factor verification from all its users – PIN and Captcha – to make sure that no one else, but the owner is able to access it.
5. Electroneum CLI wallet
Electroneum CLI (Command Line Interface) wallet is a bit technical, but allows you to manage your currency, transfer and receive it, view your balance, mine new coins, etc.
You will have to run a fully synced node of blockchain, while installing the wallet, so that it can run securely on your Windows, Linux, or Mac PCs.
This type of ETN wallet can be secured, but it is obviously for the advanced users of this Electroneum cryptocurrency asset.
Thoughts on Electroneum wallet
I believe that with this guide, you have learned how to store Electroneum mobile-only cryptocurrency coin safely, without facing the risk of loosing it to hackers.
The ETN platform itself is what makes it different. It’s only with a smartphone that you can download the app quickly, create a secure wallet.
You must hold Electroneum in a wallet that helps keep your funds securely and away from threats, thefts or cyber hackers.
I would always recommend you make use of the offline paper wallet to store ETN for the long investment strategy, while you can also transfer it to a web wallet only when you wish to make use of it.
Electroneum is geared specifically towards simplicity, with the goal of driving quick user uptake. You can even think of it as a mobile game, which can be downloaded from the app store.
It is specially designed to get people hooked and it enables you to purchase in-game tokens which you can redeem for real money or spend on other mobile games.