Difference between revisions of "Wallets"

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This page will have useful information and a list of Wallets (and platform info) where DigiByte is supported.
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This page will have useful information about wallet types and a list of wallets (and platform info) where DigiByte is supported.
 
 
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[https://digibyte.io/digibyte-wallet-downloads Official DigiByte Wallets] / [https://github.com/digibyte/digibyte/releases GitHub Downloads] / [https://digibytewallets.com DigiByteWallets.com]
 
[https://digibyte.io/digibyte-wallet-downloads Official DigiByte Wallets] / [https://github.com/digibyte/digibyte/releases GitHub Downloads] / [https://digibytewallets.com DigiByteWallets.com]

Revision as of 07:38, 23 August 2019

This page will have useful information about wallet types and a list of wallets (and platform info) where DigiByte is supported.

Official DigiByte Wallets / GitHub Downloads / DigiByteWallets.com


 

Stay safe

Things to know before you start.

If you are new to the crypto world, we recommend you to know a few things first. Crypto wallet is a technology used to send, receive and store digital assets like DigiByte. Some wallets are built for a single asset and some can be used for more than one. In addition, some wallets use a cold storage which means offline, while others have a hot storage which is online. There are a range of wallet types to choose like desktop, mobile, web, hardware and paper.

Blockchain transactions are peer to peer and irreversible so there is no authority to control your operations. This means if you send or receive assets using an incorrect address then no one can help you. Most of the wallets give you a recovery phrase which includes some words. If you lose access to your wallet, this phrase is the only way to recover it. Also anyone can reach your assets using this phrase, that's why you must keep it safe by storing on a paper.

Printable recovery sheets: Simple & Advanced

Wallet types

Understanding the differences between wallets.

You may have heard people around you referring to their wallet. To use digital assets, you will need a wallet of your own, but before finding one, it is important to determine which type of wallet will best fit your needs. Your wallet will have a unique address for each coin that is supported by it's provider. Each address is an alphanumeric string that is completely different from all others. This means that nobody else will receive assets that are meant for you.

Unlike a fiat wallet, crypto wallets are more than a simple preference of style. To properly assess the type of wallet that you need, you will need to understand the fundamental differences between all types of wallets.

Hot storage

Hot wallets are non-physical and always connected to the internet. Because of this, they are less secure, but they can be fairly convenient if you need to:

Send or receive assets several times a day. It may be difficult to hook up a USB, transcribe a key, or scan a QR code if you plan on making a number of transactions throughout the day. Digital assets that you plan on using can be stored on your hot wallet so you can use them at your convenience.

Utilize your assets on-the-go. In the modern era, everyone is on-the-go, and you may need to use your funds when you are away from your home. In cases such as this, a mobile wallet may be best for you. The three types of hot wallets are:

  • Desktop wallets are programs that live on your PC or laptop. Because a desktop wallet is only accessible from the device that the program was installed to, this wallet type is more secure than an web wallet. Your digital assets will only be put at risk if you fall victim to a virus or personal hack.
  • Mobile wallets are usable via a mobile applications. This type of wallet is safer than an web wallet because the data is not stored via the cloud. However, it is considered less safe than using a desktop wallet due to the commonality of losing or breaking a mobile phone.
  • Web wallets are cloud-based, meaning you can access them on any device that you can connect to the internet. While this makes them convenient, they are also less secure than other wallet options.

Cold storage

Cold wallets are the safest method of storage, as it is physical and it generally remains offline. Hardware wallets will use an online client so you can manage your digital assets with a user interface. Cold storage is best if you want to:

Keep your digital assets secure. If you are concerned about your digital assets' security, you can keep them in cold storage.

Separate your digital assets. If you would like to separate the assets you plan to use immediately and those you would like to store, you can choose to store some digital assets in a cold wallet and your ready-to-use assets in a hot wallet. The two types of cold storage are:

  • Hardware wallets are considerably more secure than desktop, mobile and web wallets. Private keys are stored on a special device that can be linked to a computer via a USB port or to a mobile phone via Bluetooth. While they are not free like most of the previously mentioned hot wallet options, hardware wallets are one of the safest options for anyone that wants to keep their digital assets both accessible and offline.
  • Paper wallets are the most secure method, though they may not be the most convenient. A paper wallet is a physical representation of ownership that is on an actual piece of paper. Your public and private key will be written on this paper. You can scan the QR code to use the wallet.

As you can see different wallet types have different pros and cons. Now that you understand the basics, you can pick out the wallet that works best for you.

DigiByte supported wallets

Wallet Win Mac Linux Chrome Web Android iOS Hardware Paper Digi-ID Bech32 SegWit MultiSig Exchange Card v7.17.2+? DigiAssets?
Core Wallet Yes Yes Yes - - - - - - - Yes Yes - - - Yes -
Mobile Android - - - - - Yes - - - Yes - - - - - SPV Yes
Mobile iOS - - - - - - Yes - - Yes - - - - - SPV Soon
Go Wallet - - - Yes - - - - - - - - Yes - - Yes Yes
Exodus Yes Yes Yes - - Yes Yes - - - - - - Yes - Yes -
AtomicWallet Yes Yes Yes - - Yes Soon - - - - - - Yes - SPV -
Coinomi Yes Yes Yes - - Yes Yes - - Yes Yes Yes - Yes - Yes -
Guarda Yes Yes Yes Yes Yes Yes Yes - - - - - - Yes - Yes -
Jaxx Liberty Yes Yes Yes Yes - Yes Yes - - - - - - Yes - Yes -
ZelCore Yes Yes Yes - - Yes Yes - - - - - - Yes - Yes -
PolisPay Yes Yes - - - Yes Yes - - - Yes Yes - Yes Soon Yes -
Hodler Wallet Yes Soon Yes - - Yes Soon Yes - - - - - - - - -
Ownbit - - - - - Yes Yes - - - - - Yes - - Yes -
Edge - - - - - Yes Yes - - - - Yes - Yes - Yes -
Spend - - - - - Yes Yes - - - - - - Yes Yes - -
Paycent - - - - - Yes Yes - - - - - - - Yes - -
Pungo - - - - Yes Yes Soon - - - - - - - Yes - -
Abra - - - - - Yes Yes - - - - - - Yes - - -
SatoWallet - - - - - Yes Yes - - - - - - Yes - - -
FreeWallet - - - - Yes Yes Yes - - - - - - Yes - Yes -
Magnum Wallet - - - - Yes Yes - - - - - - - Yes - SPV -
Bitfi - - - - - - - Yes - - Yes Yes - - - Yes -
Ledger - - - - - - - Yes - - - Yes - Yes - Yes -
Trezor - - - - - - - Yes - - - Yes - - - Yes -
KeepKey - - - - - - - Yes - - - - - Yes - Yes -
Ellipal - - - - - - - Yes - - - - - - - SPV -
WalletGenerator - - - - - - - - Yes - - - - - - N/A -
Pwall - - - - - - - - Yes - - - - - - N/A -
XBTS - - - - - - - - Yes - - - - - - N/A -
Xeeda - - - - - - - Soon - - - - - - - - -
SecuX - - - - - - - Soon - - - - - - - - -
Javvy - - - - - Soon Soon - - - - - - - - - -

Simplified Payment Verification (SPV)

"Paper wallets" (private key + public address combinations that can be stored offline via USB file or written/engraved physically) can also be created securely at WalletGenerator.net, allowing for cold storage of DGB at 0 cost.

For maximum security, it is recommended to scroll to the bottom of the page to "Download Github Repository" to run the wallet generator offline. At Github, click "Clone or download" (it'll be a green rectangular box to the far right above the list of recent commits), then choose to download it as a "Zip" file. Once saved, you can unzip the file. Contents will include the cosmetic files used to present the site (.png or .jpg files), as well as all of the Javascript (.js) files used to run the tasks of wallet generation. All you need to worry about is the "index.html" file which will allow you to run the generator offline (so that you know no one is peeking at your private keys).

Completely disconnect from the internet, disable Wi-Fi and run the "index.html" file. It'll open the website without needing an internet connection. To the right is a scroll bar that includes the list of supported cryptocurrencies. Choose DigiByte. Instructions are very simple. You'll receive a private key + public address. Never share your private key. Your public address is what you'll be sending your DigiByte to. You can check the balance of the wallet at a blockchain explorer such as DigiExplorer by searching the public address, and sweep funds off the wallet with an app such as Coinomi when ready to trade. Never send funds to a wallet you've already swept, for security reasons (as the private key will have to be exposed to the internet to sweep the funds from it).