A cryptocurrency wallet is a secure digital wallet used to store, send and receive coins. Cryptocurrency itself is not actually stored in a wallet. Instead, a private secure digital code known only to you and your wallet, is stored that shows ownership of a public digital code (public key) connected to a certain amount of currency.
Most coins have an official wallet which can be downloaded on their official website. The following wallets can be used:
Note: With most wallets, if you lose your private key you will lose your money. There is no way to recover your money. You are responsible for your own wallet, keys and money!!
For a good and reliable online wallet we refer to Litebit. Litebit offers also a 2 step verification which makes it more secure.
Litebit is a broker which also offers an online wallet. A great advantage of Litebit is that you can trade with Litebit credits. LiteBit credits is an internal payment method used to limit transaction costs and payment times. When using credits, no extra transaction costs are added to your order, and your payment is always instant. If you have multiple sell orders it is recommended to be paid out in credits.
The benefits of LiteBit credits
- Fast transaction times.
- No transaction costs and wait times when ordering.
- Received LiteBit credits from sell orders can be directly used for buy orders.
- For withdrawing LiteBit credits received from multiple sell orders you only pay a single bank fee.
Step 1: Create an account at Litebit (at the top right of the website: create new account)
Step 2: After you create an account, you must activate your account. Litebit will sent you an e-mail with instructions
Step 3: You can start buyin coins. You can buy more coins, when you verify your account in multiple steps