The idea and first implementation of Bitcoin Core were born in 2008–2009 thanks to Satoshi Nakamoto, who published a whitepaper and source code, laying the foundations of a decentralized digital currency. In January 2009, the first client was launched and the genesis block was generated, which marked the start of the network and the opening of access to the source code for everyone 1 2 3 . Nakamoto personally supported and developed the project until 2010, after which he handed over the leadership to Gavin Andresen, and subsequently the baton was picked up by Wladimir van der Laan, who modernized the software and introduced a graphical interface, making Bitcoin Core available to a wider audience 4 5 6 .

Since then, Bitcoin Core has evolved through the collective work of a decentralized community of developers. Each version has brought improvements to security, functionality, and user experience, with key decisions made through community consensus, ensuring the sustainability and independence of the project’s development 5 7 8 .

A Bitcoin Core full node performs a number of critical functions that ensure the security and decentralization of the Bitcoin network:

• Transaction and block verification – the node independently checks each transaction for compliance with the consensus rules, including the correctness of signatures, the absence of double spending, and the correct data structure 1 2 .
• Storing the full history of the blockchain – the node downloads and stores a copy of the entire blockchain (over 200 GB), which ensures independence from third-party servers 3 4 .
• Transaction relaying – a node accepts new transactions and blocks from other nodes, verifies them, and passes them on further through the network 1 5 .
• Light client support – Full nodes help light wallets receive transaction information without downloading the entire blockchain 1 .
• Ensuring decentralization – each full node participates in maintaining the decentralized structure of the network, preventing the possibility of control over it by one entity or group 3 5 .

Running a full node requires a computer with at least 200 GB of free space, 2 GB of RAM, and a stable high-speed internet connection 4 6 . Despite the resource intensity, running a full node does not require any special technical skills – just download and install the latest version of Bitcoin Core 6 .

Bitcoin Core is considered one of the most secure cryptocurrency wallets due to several key factors. The wallet is open source, which can be verified by anyone, and is built through deterministic compilation, which ensures that the downloaded application matches the source code on GitHub 1 . Unlike many other solutions, Bitcoin Core gives the user full control over private keys, which eliminates the risk of funds being frozen or lost by third parties 2 .

To ensure maximum protection of your funds in Bitcoin Core, we recommend:

• Use complex passwords or passphrases to encrypt your wallet file 3
• Create regular backups of the wallet.dat file on different media 3 1
• Generate a new address for each transaction, which increases privacy 2 4
• Set up compatibility with the Tor network or use a VPN to mask your IP address 3 2
• Use multi-signature wallets for critical funds 3
• For maximum security, create a wallet on an offline computer and use cold storage 1

It is important to remember that Bitcoin Core may be vulnerable when used on a computer connected to the internet, especially if the operating system is infected with malware capable of intercepting the password to the key file 1 2 . Regularly updating the software is also critical to protect against known vulnerabilities, such as problems with the random number generator 5 .

Bitcoin Core Features That Promote Anonymity

Bitcoin Core did not initially provide built-in tools for complete anonymity, as Bitcoin’s architecture implies an open and transparent blockchain. However, in order to ensure basic user privacy, Bitcoin Core implements a number of features that help complicate transaction analysis and user tracking:

1. Generate a new address for each transaction

By default, Bitcoin Core creates a new address for each payment (change address), which makes it difficult to link transactions together and reduces the likelihood of identifying a user by address.

2. Tor and proxy support

Bitcoin Core can be configured to work through the Tor network or other proxy servers. This helps hide the user’s real IP address from other network participants, making network analysis and location tracking extremely difficult.

3. “Coin Control” – manual input control

With the Coin Control feature, the user can select specific “coins” (UTXO) that will be used to send a transaction. This allows inputs to be split and combined in a way that minimizes their relationship to each other, which helps obfuscate blockchain analysis.

4. Does not store user data

Bitcoin Core does not collect or store any personal information about its users. All settings and keys remain only on the wallet owner’s computer.

5. Full blockchain validation

Since the node itself validates the entire history of the blockchain, the user does not need to rely on other servers, which eliminates the risk of revealing their addresses or transactions to outsiders.

6. Support for watch-only mode

You can track receipts to addresses without having to reveal private keys or participate in sending funds.

Important: Despite these mechanisms, transactions on the Bitcoin network are still public, and if used carelessly, you can reveal your financial connections. To achieve a high degree of anonymity, it is recommended to use Tor, new addresses for each transaction, and thoughtful management of inputs, and consider additional third-party tools for mixing coins.

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Advantages of Bitcoin Core over other crypto wallets

Bitcoin Core is not just a cryptocurrency wallet, but a complete solution that combines the functions of a full node and secure storage for bitcoins. Unlike most alternative wallets, Bitcoin Core provides the highest level of independence, security, and compliance with the principles of decentralization inherent in the Bitcoin protocol. This article explores the key advantages of Bitcoin Core that make it a unique tool for experienced users and network participants.

1. Complete independence from third parties

Bitcoin Core allows users to interact with the Bitcoin network directly, without intermediaries. Unlike:

• Light wallets (Electrum, Trust Wallet) that rely on external servers to verify transactions;
• Centralized exchange wallets (Binance, Coinbase), where the keys are controlled by a third party;
• Hardware wallets (Ledger, Trezor) that require trust in the closed software of the device,

Bitcoin Core downloads and verifies the entire blockchain (over 200 GB of data) on its own, eliminating the risk of manipulation by external sources. The user becomes a full participant in the network, not a dependent observer.

2. Maximum security of funds

Control over private keys
Keys are stored exclusively on the user’s device in an encrypted file wallet.dat. No data is transferred to third-party servers, which reduces the risk of hacking or freezing of funds to zero.

Deterministic Compilation
Each version of Bitcoin Core is built from open source code available on GitHub. This ensures that the software does not contain hidden vulnerabilities or backdoors.

Cold Storage Support
Bitcoin Core is compatible with offline transaction signatures via Partially Signed Bitcoin Transactions (PSBT). This allows you to store keys on a device disconnected from the internet and sign transactions in an isolated environment.

3. Increased privacy

• Generate new addresses – Automatically generate a unique address for each transaction, preventing activity analysis through address reuse.
• Coin Control – Manual selection of UTXOs (unspent outputs) minimizes coupling between transactions.
• Integration with Tor – hiding the user’s IP address when transmitting data to the network.
• No KYC – Bitcoin Core does not require any personal information.

By comparison, light wallets often disclose balance and transaction information to their servers, while web wallets (such as Blockchain.com) may track activity via cookies.

4. Support network decentralization

When running a full node, the user:

• Participates in verifying transactions according to consensus rules;
• Helps new members sync with the network;
• Strengthens Bitcoin’s resistance to censorship and attacks.

Other types of wallets do not contribute to decentralization because they rely on infrastructure controlled by third parties.

5. Transparency and flexibility

• Open source – anyone can audit the code or suggest improvements via GitHub.
• Advanced settings – the ability to fine-tune RPC commands, limit bandwidth usage, select nodes to connect to.
• Scripting support – compatible with multi-signature wallets, atomic swaps and other complex operations.

Comparison Chart: Bitcoin Core vs. Other Wallets

Criterion	Bitcoin Core	Light wallets	Hardware wallets
Independence	Complete	Partial	Tall
Blockchain verification	Independent	Depends on servers	No
Privacy	Tall	Average	Depends on software
Contribution to the Bitcoin network	Active	No	No
Resource requirements	High (200+ GB)	Low	Low

Bitcoin Core remains the gold standard for users who value sovereignty over their assets and adherence to the principles of Bitcoin. Its main advantages — complete independence, increased security, and the ability to participate in maintaining the network — compensate for the increased resource requirements. It may seem complicated to newcomers, but for experienced Bitcoin holders, it is the only way to ensure that their transactions comply with the consensus rules without relying on intermediaries.

Recommendation: Bitcoin Core is optimal for long-term storage of large amounts and users willing to support the decentralization of the network. For everyday payments, it makes sense to combine it with hardware or mobile wallets.

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Installing and Configuring Bitcoin Core

Bitcoin Core is the official Bitcoin software client that combines the functions of a full node and a cryptocurrency wallet. Its installation and correct configuration provide maximum autonomy, security, and privacy when working with the Bitcoin network. This article covers the main stages of installing Bitcoin Core, basic and advanced settings, as well as recommendations for ensuring security and optimizing the client.

Since Bitcoin’s launch in 2009, Bitcoin Core has served as the reference implementation of the protocol, allowing each user to independently verify transactions and maintain the network’s decentralized infrastructure. Unlike mobile and web wallets, Bitcoin Core requires downloading the full blockchain history and has more complex settings, which provides a high level of control and security.

1. Hardware and software requirements

For stable operation of Bitcoin Core you need:

• Free disk space: at least 500 GB (2024 and beyond – the volume is growing);
• RAM: from 2 GB;
• Processor: modern x86/x64 with SSE2 support;
• Stable internet connection: unlimited tariff is recommended, download speed is not less than 10 Mbit/s;
• Operating system: Windows 7+, macOS 10.12+, modern Linux distributions.

2. Download and install

2.1. Downloading the distribution

• Go to the official website: https://bitcoincore.org/
• Download the latest version for your OS.
• Always verify SHA256 checksums and developer signatures to prevent software tampering.

2.2. Installation

• Run the installer and follow the on-screen instructions.
• At the first boot stage, specify the folder for storing data (Data Directory). It is recommended to use a separate physical disk or partition.

3. First client setup

3.1. Downloading the blockchain

• When you first launch Bitcoin Core, it will begin synchronizing the blockchain.
• The process can take from several hours to several days depending on the Internet speed and the power of the device.
• During the synchronization stage, it is advisable not to turn off the computer or interrupt the connection.

3.2. Wallet encryption

• From the menu, select File → Encrypt Wallet.
• Create a complex and unique password that you cannot forget – without it, access to your funds will be lost.

3.3. Backup

• Create a backup copy of the file wallet.dat(located in the data directory).
• Store a copy on an external, physically protected storage device (flash drive, encrypted disk).
• Whenever the wallet structure changes (creating new addresses, receiving funds), periodically update the backup copy.

4. Additional settings for advanced users

4.1. Setting up work via Tor or proxy

• To increase anonymity, open the file bitcoin.confin the data directory.
• Add lines: textproxy=127.0.0.1:9050 listen=1 bind=127.0.0.1 onlynet=onion
• Install and configure the Tor client.

4.2. Optimizing resource use

• You bitcoin.confcan limit the maximum number of connections and the bandwidth used: textmaxconnections=20 maxuploadtarget=5000 dbcache=1024

4.3. External graphical interface

• In addition to the standard GUI, it is possible to use the RPC/CLI interface for integration with other services, or more lightweight graphical shells.

5. Security and regular updates

• Always use only official releases and keep Bitcoin Core up to date to protect against vulnerabilities.
• Do not download the client from third-party sites and avoid using modified builds.
• Monitor the security of your operating system (no malware, use of a firewall and antivirus).
• For long-term storage of large amounts, it is recommended to consider using cold storage – moving private keys to a completely offline environment.

Installing and configuring Bitcoin Core takes time and resources, but in exchange, the user receives the maximum level of control, privacy, and security, and contributes to the decentralization of the entire Bitcoin network. Following security recommendations and regularly backing up data is the key to the safety of funds. Bitcoin Core remains the optimal choice for experienced users and those who seek maximum independence and sovereignty in managing their crypto assets.

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What cryptocurrencies does Bitcoin Core support?

Bitcoin Core is the official client for the Bitcoin network, designed with security, decentralization, and full blockchain validation in mind. With so many cryptocurrencies out there, the question often arises: which digital assets does this software support? This article discusses the functionality of Bitcoin Core and its support for various cryptocurrencies.

Bitcoin Core occupies a central place in the cryptocurrency ecosystem, being the reference implementation of the Bitcoin protocol. Many users, getting acquainted with the Bitcoin Core interface, assume the ability to manage other digital currencies, but the specifics of the work and philosophy of this software differ from multi-currency wallets and universal crypto clients.

1. Bitcoin Core and Bitcoin support

Bitcoin Core supports only one cryptocurrency — Bitcoin (BTC) .
This is due to a number of features:

• The protocol implemented in Bitcoin Core strictly follows the Bitcoin specification as described by Satoshi Nakamoto.
• Maintaining a full node requires downloading and validating the entire Bitcoin blockchain.
• All internal mechanisms, such as addresses, blocks, transactions, commissions and signals, are tailored only for working with BTC.
• The open source code allows independent developers to create forks, but the official client only supports the Bitcoin mainnet.

2. Bitcoin Core Forks: Alternative Networks

Many alternative cryptocurrencies (forks) have been created based on the Bitcoin Core source code, for example:

• Litecoin (LTC)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Dash
• Zcash
  and others.

However, to work in these networks, separate, modified clients are used (Litecoin Core, Bitcoin Cash Node, etc.), each of which is not compatible with the official Bitcoin Core. That is, Bitcoin Core cannot work in the networks of other forks, despite the similarity of the code .

3. Difference from multi-currency wallets

There are wallets that support tens and even hundreds of cryptocurrencies at once, for example:

• Exodus
• Atomic Wallet
• TrustWallet
• Coinomi

They do this by integrating with multiple blockchains and, in the case of Bitcoin, often using lightweight (SPV) validation methods rather than a full node. Bitcoin Core is fundamentally not multi-currency: its goal is maximum security and independence for BTC only.

4. Integration with third-party tokens and extensions

Bitcoin Core does not support tokens (such as ERC-20 or BRC-20 standards), altcoins, NFTs, or second-layer networks (Lightning, Liquid) out of the box.
Support for additional assets is only possible through:

• individual plugins and programs (for example, individual clients for the Lightning Network);
• custom patches not included in the official release.

Bitcoin Core is a single-currency client that supports only Bitcoin (BTC). Its unique role is to ensure maximum security, decentralization, and transparency of work with the first and largest cryptocurrency. To work with other digital assets, either Bitcoin Core forks adapted to specific networks or specialized multi-currency wallets with a different architecture and approach to security are used.

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Bitcoin Core Features for Managing Cryptocurrencies

Bitcoin Core is the official software for the Bitcoin network, combining the role of a full node and a cryptocurrency wallet. One of its key purposes is to provide users with all the tools for secure, independent, and flexible management of the Bitcoin (BTC) cryptocurrency. This article examines the main functions of Bitcoin Core that allow you to manage assets and analyzes their importance for users and the entire ecosystem.

Among the many Bitcoin wallets, Bitcoin Core occupies a unique position: it not only stores and sends coins, but also performs full verification of the blockchain, which guarantees independence and compliance with all the rules of the network consensus. The rich functionality of the client allows users to effectively manage their funds, ensure their security and participate in the development of decentralized infrastructure.

1. Generating and managing Bitcoin addresses

Bitcoin Core automatically creates new Bitcoin addresses for receiving funds, and also allows you to manually manage the list of recipients. Each address is associated with a unique private key, which is stored inside an encrypted wallet file ( wallet.dat). The creation of different types of addresses is supported (legacy, SegWit).

2. Sending and receiving funds

• Transaction Creation: The user can create payment transactions by specifying the amount, fee and payment purpose.
• Selecting the commission size: The commission is set manually or selected automatically based on the current network load.
• Coin Control : Allows you to select specific UTXOs (untenabled outputs) used for sending, increasing privacy and optimizing costs.

3. Encryption and backup

• Wallet encryption: Protect private keys with a user-defined password.
• Wallet file backup: Create and restore backups wallet.datto protect against loss of access (for example, if a disk fails or the device is changed).

4. Validation and synchronization of the blockchain

By running a full node, a user downloads and validates the entire history of the blockchain. This allows:

• Verify the legitimacy of each transaction and block yourself.
• Do not depend on third-party servers and receive information about the network status in real time.

5. Privacy Management

• Generate new addresses for each transaction
• Coin Control support for separate coin management
• Integration with Tor and proxy to anonymize network traffic

6. Working with multi-signature and third-party scripts

• Multisig: Creating addresses that require the consent of multiple parties to be managed.
• Partially Signed Bitcoin Transactions (PSBT): The ability to create, export, and import partially signed transactions for offline and online devices to work together.

7. Using the command line and RPC

Bitcoin Core supports work via a graphical interface, console, and remote procedures (RPC), which provides extensive opportunities for:

• Automation of funds management
• Integrations with services and external applications
• Creating custom scenarios for large users and developers

8. Track your balance and transaction history

The program provides convenient access to the history of transactions, transaction status (confirmed/not confirmed), details of inputs and outputs, as well as the general and separate balance by addresses.

Bitcoin Core’s functionality covers the entire spectrum of operations required for independent, secure, and flexible management of bitcoins. The software provides the highest level of control over assets, independence from third parties, support for advanced scenarios, and the ability to audit transactions in depth. For advanced users and supporters of the decentralization ideology, Bitcoin Core remains the benchmark tool for managing cryptocurrency.

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Trust Wallet

Trust Wallet was created in 2017 by Ukrainian developer Viktor Radchenko, who emigrated to the United States in 2011 1 2 . Inspired by the potential of Ethereum rather than Bitcoin, Radchenko decided to develop a user-friendly mobile wallet for storing ERC-20 tokens acquired during the ICO 3 2 . Before creating Trust Wallet, he successfully launched the Trucker Path app for truckers and worked in the field of banking security, which helped him in developing the crypto wallet 1 4 .

In 2018, the crypto exchange Binance acquired Trust Wallet along with its parent company Six Days LLC 2 5 . Despite the acquisition, the project retained independence in development 6 . In 2022, Viktor Radchenko stepped down as CEO, handing over management to Eowyn Chen, former VP of Marketing at Binance 7 8 . Over the years, Trust Wallet has significantly expanded its functionality: in 2020, it added support for cryptocurrency staking, in 2021 it integrated with NFT marketplaces, and in 2022 it launched a browser extension 9 10 .

Trust Wallet supports an impressive number of digital assets, with over 4.5 million tokens across 65 blockchains 1 2 . The major supported networks include Bitcoin, Ethereum, Binance Smart Chain (BEP20), Solana, Polygon, Avalanche, Tron (TRC20), Cosmos, Tezos, and many more 3 4 . By default, the wallet interface displays BNB Beacon Chain, BNB Smart Chain, BTC, and ETH, but users can easily add any other supported assets 2 .

Popular altcoins in Trust Wallet include:

• ADA (Cardano)
• XRP (Ripple)
• SOL (Solana)
• DOGE (Dogecoin)
• DOT (Polkadot)
• MATIC (Polygon)
• TRX (Tron)
• AVAX (Avalanche)
• LTC (Litecoin) 2

Additionally, Trust Wallet supports NFTs and provides integration with marketplaces such as OpenSea 2 5 . To make interaction with the Web3 ecosystem more convenient, a browser extension was launched in 2022 with support for Ethereum, Solana, and all EVM-compatible chains 5 .

Trust Wallet offers a convenient staking feature that allows users to earn passive income by simply storing certain cryptocurrencies in their wallet 1 . The staking process in Trust Wallet is extremely simplified and is available directly in the application, without the need for third-party services.

Key features of staking in Trust Wallet:

• Supports 20+ cryptocurrencies for staking, including Solana (SOL), Tron (TRX), Cosmos (ATOM), Terra Classic (LUNC), Kava (KAVA), Cardano (ADA), BNB and more 2 3
• Minimum amounts for staking depend on the selected cryptocurrency (for example, for BNB – 1 coin) 3 4
• Different periods of funds locking (for BNB – 7 days) 3
• Competitive rates of return (APY/APR) that can be checked via the built-in staking calculator 3
• ETH staking capability with a minimum threshold of only 0.025 ETH (instead of the standard 32 ETH) thanks to integration with Kiln 5
• Simple process of delegating funds to validators and the ability to change validators6

Staking on Trust Wallet not only provides passive income, but also helps maintain the security and health of the underlying blockchain networks 7 8 .

Trust Wallet supports staking for a number of popular cryptocurrencies. The list of supported coins and tokens may change depending on app updates and blockchain features. As of April 2024, the following major cryptocurrencies are available for staking via Trust Wallet:

Main cryptocurrencies for staking in Trust Wallet

1. BNB (Binance Coin)
   • Network: BNB Chain
   • Blocking period: from 7 days
   • Profitability: depends on the chosen validator
2. Ethereum (ETH)
   • Network: Ethereum
   • Staking is implemented through a third-party provider (Kiln)
   • Minimum threshold: 0.025 ETH
3. Solana (SOL)
   • Network: Solana
   • Profitability: floating, depends on the total stake
4. Cosmos (ATOM)
   • Network: Cosmos
   • Possibility to choose a validator
5. Tron (TRX)
   • Network: Tron
   • Staking is implemented through delegation
6. Tezos (XTZ)
   • Network: Tezos
   • Staking via Delegation (baking)
7. Kava (KAVA)
   • Network: Kava
   • Delegating tokens to validators
8. Terra Classic (LUNC)
   • Network: Terra Classic
   • Token Delegation
9. Cardano (ADA)
   • Network: Cardano
   • Delegation to a staking pool (may not be available in all versions)

Other coins are also possible

The list of cryptocurrencies for staking may differ in different countries and for different devices. Trust Wallet is constantly expanding support for new networks and tokens, so it is recommended to regularly check the “Staking” section in the application itself or on the official website .

How to check staking availability?

1. Open the Trust Wallet app.
2. Go to the “Staking” section or select the coin you are interested in.
3. If staking is supported, a “Stake” button (or similar) will be available.

Important:

• Staking profitability and conditions may change.
• Before staking, be sure to familiarize yourself with the blocking features and risks.

Information is current as of April 2024. For the latest information, please use the Trust Wallet app and the official website.

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What are the advantages of Trust Wallet over other crypto wallets?

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In recent years, the cryptocurrency market has been actively developing, which has led to an increase in the number of solutions for storing and managing digital assets. Among the many crypto wallets, Trust Wallet stands out – a mobile application with a multi-coin and multi-chain architecture that has gained popularity due to its simplicity, security and functionality. The article discusses the main advantages of Trust Wallet compared to other leading crypto wallets, such as MetaMask, Exodus, Atomic Wallet and MyEtherWallet.

1. Multi-chain and multi-currency

Trust Wallet supports over 4.5 million tokens and works with over 65 different blockchains (Bitcoin, Ethereum, BNB Smart Chain, Solana, Polygon, Tron, Avalanche, Cosmos, etc.), which significantly exceeds the capabilities of most mobile and desktop wallets, which are limited to one or several networks. This allows the user to store almost any digital asset in a single application, without switching between different wallets.

2. Decentralized storage and security

Trust Wallet is a non-custodial wallet. The keys and seed phrase are stored only by the user, and are not transferred to servers or third parties. This completely eliminates the risk of losing funds due to hacking of the centralized service, which distinguishes Trust Wallet from a number of exchange and custodial solutions.

• The application undergoes regular security audits (including from Certik).
• Integration with biometric authentication methods (Face ID/Touch ID) for additional levels of security.
• Open-source code for mobile versions, which increases transparency and trust from the crypto community.

3. Built-in Web3 browser and dApps support

One of the key advantages of Trust Wallet is the presence of a built-in Web3 browser. This allows users to directly interact with decentralized applications (DeFi, NFT marketplaces, GameFi, DAO, etc.) from the mobile wallet without the need to install extensions or go to third-party sites.

• Integration of the largest DeFi platforms (Uniswap, PancakeSwap, 1inch, etc.).
• Support for Ethereum and EVM-compatible networks, as well as Solana, which is not available in MetaMask, for example.
• NFT storage and viewer; ability to buy, store and send NFTs.

4. Simplicity and ease of use

Trust Wallet stands out for its intuitive interface and easy registration: to get started, you don’t need to go through KYC or provide personal data. Quick launch, clear design and support for Russian, English and other languages ​​make the application accessible to a wide audience, including beginners.

5. Staking function and income services

Trust Wallet users can earn passive income through built-in staking of more than 20 cryptocurrencies (BNB, ATOM, SOL, TRX, TEZOS, ETH, etc.) directly in the application, without additional services and complex delegation procedures.

• Minimum entry thresholds.
• Transparent calculation of remuneration.
• Various options for selecting validators.

6. Mobility and cross-platform

Trust Wallet is available for Android and iOS, and from 2022, also as a browser extension for Chrome, Brave, Opera, and Edge, maximizing its use cases.

7. Regular updates and community support

Trust Wallet is backed by a large team and the support of the Binance crypto exchange, which ensures a quick response to market trends, expansion of functionality, and prompt fixing of vulnerabilities. An active community and an extensive knowledge base make it easier to resolve issues that arise.

Trust Wallet combines the best features of modern cryptocurrency wallets: multi-protocol, simplicity, security, DeFi and NFT support, as well as transparency and a large community. Thanks to these advantages, Trust Wallet becomes the optimal choice for both beginners and experienced users who want to manage digital assets conveniently, safely and efficiently.

How to Install and Set Up Trust Wallet

Trust Wallet is one of the most popular mobile cryptocurrency wallets that allows you to securely store, send, receive, and exchange thousands of digital assets and tokens across multiple blockchains. Its simple user interface, wide functionality, and open source code make it a great choice for both beginners and experienced users. This article takes a detailed look at the installation and initial setup process of Trust Wallet on mobile devices.

1. Download and install Trust Wallet

1.1. Choosing a platform

Trust Wallet is officially available for the following mobile operating systems:

• Android (Google Play or official APK from the site)
• iOS (App Store)

Warning! Never download the application from unverified third-party resources. Official links are posted on the Trust Wallet website .

1.2. Installation process

1. Open the App Store or Google Play on your device.
2. In the search bar, enter “Trust Wallet”.
3. Find the app with the shield logo (blue background, white shield).
4. Click the Install button and wait for the download to complete.

2. Creating a new wallet

1. Open the installed Trust Wallet application.
2. On the welcome screen, select “Create a new wallet” .
3. Please accept the terms of use.
4. In the next step, the application will generate a secret seed phrase (usually 12 words).

Important: The seed phrase is the main key to your funds. Write it down on paper and keep it in a place inaccessible to strangers. Never store the seed phrase electronically or share it with anyone!

5. Confirm saving the seed phrase by entering the words correctly in the required order.
6. Done! Your wallet is created.

3. Import an existing wallet

If you already have a crypto wallet supported by Trust Wallet:

1. On the start screen, select “I already have a wallet” .
2. Enter your seed phrase (12, 18 or 24 words) or use your private key file/Keystore (depending on your wallet type).
3. After successful entry, the wallet will be restored.

4. Adding and managing cryptocurrencies

• By default, the most popular coins are displayed (BTC, ETH, BNB).
• To add other tokens or networks:
  1. Click on the “Two sliders” icon in the upper right corner of the screen.
  2. Enter the token name or contract.
  3. Activate the desired asset from the list.

5. Security and additional settings

• Biometric security: In Settings, turn on Face ID, Touch ID, or PIN.
• Backup: Check your seed phrase regularly to make sure it is safe.
• Notification Management: Set up push notifications to monitor transactions.
• Change language: In the settings, you can select one of more than 40 languages, including Russian.

6. Interacting with dApps and Staking

• To access decentralized applications, use the Browser tab.
• To stake or farm, select a supported coin and follow the instructions in the Earn section.

7. Precautions

• Never share your seed phrase and private keys with anyone.
• Check the authenticity of the application before installing (look at reviews and number of downloads).
• Do not click on suspicious links, especially via e-mail and instant messengers.

Installing and setting up Trust Wallet takes a few minutes and does not require any special knowledge. But the safety of your assets depends entirely on your care when storing your seed phrase and using the device. By following the instructions above, you will be able to securely store and manage your cryptocurrencies, as well as take advantage of decentralized financial services.

What cryptocurrencies does Trust Wallet support?

With the growing number of cryptocurrencies and blockchain platforms, users increasingly value universal solutions for storing digital assets. Trust Wallet is a popular mobile crypto wallet that allows you to safely manage thousands of tokens on dozens of different blockchains. This article discusses the supported cryptocurrencies, technological features of integrating new networks, and the benefits of Trust Wallet’s multicurrency.

1. Introduction

Trust Wallet is designed as a non-custodial multi-chain wallet that provides access to cryptocurrencies and tokens on a huge number of blockchains. Its goal is to provide the user with a universal tool for storing, transferring, exchanging and staking digital assets, as well as interacting with decentralized applications.

2. Supported blockchains and coins

2.1. Main Blockchains

As of April 2024, Trust Wallet supports over 65 different networks, including:

• Bitcoin (BTC)
  The largest and first cryptocurrency in the world.
• Ethereum (ETH, ERC-20, ERC-721, ERC-1155)
  Allows you to work with ETH and all ERC standard tokens, including NFT.
• BNB Smart Chain (BEP-20, BEP-2)
  Binance network with support for native BNB and BEP-20 tokens.
• Polygon (MATIC, ERC-20)
  A popular solution for Ethereum scalability.
• Solana (SOL, SPL)
  Next generation high throughput blockchain.
• Avalanche (AVAX)
  High-performance blockchain with smart contract support.
• Tron (TRX, TRC-10, TRC-20)
  One of the largest platforms for smart contracts and DApps.
• Cosmos (ATOM)
  Ecosystem of independent blockchains.
• Tezos (XTZ)
  Blockchain with self-updating mechanism and staking.
• Fantom (FTM)
  A network focused on DeFi applications.
• Arbitrum, Optimism, Base
  Popular second-layer solutions for Ethereum.
• Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH)
  Support for classic and fast payment cryptocurrencies.

2.2. Altcoins and tokens

Trust Wallet supports millions of tokens on popular standards:

• ERC-20, ERC-721, ERC-1155 (Ethereum)
• BEP-20, BEP-2 (BNB Chain)
• TRC-10, TRC-20 (Tron)
• SPL (Solana)
• CW20 (Cosmos, Terra Classic)

The user can easily add any token by smart contract address or from the list of popular assets.

2.3. NFT and Web3 assets

• NFT (Ethereum, BNB Chain, Polygon, Solana, Avalanche, etc.)
  • ERC-721, ERC-1155, SPL and other standards.
• Interaction with decentralized applications – support for DeFi, GameFi, DAO and NFT marketplaces.

3. How to add new cryptocurrencies

Trust Wallet has a convenient asset management system:

1. In the application, go to the list of coins.
2. Use the search/settings icon.
3. Enter the token name or address.
4. Enable support for the required asset.

If the token is not found, you can add it manually via a smart contract.

4. Benefits of multi-currency support

• Universality: All major and new blockchains in one application.
• Save time: No need to install separate wallets.
• DeFi and Web3 Friendly: Easily jump between chains and interact with thousands of dApps.
• Flexible integration of new tokens: Support for manual addition and customization.

5. Trust Wallet

Trust Wallet is one of the most functional and versatile mobile wallets on the market. Users can securely store, send, receive, and stake virtually any major cryptocurrency or token, and quickly integrate new digital assets as they hit the market. This makes Trust Wallet an optimal choice for long-term storage and active management of a modern crypto portfolio.

What features does Trust Wallet allow you to manage cryptocurrencies?

Trust Wallet is a non-custodial multi-chain crypto wallet designed to securely store, manage, and exchange digital assets on mobile devices and in the browser. Trust Wallet’s popularity is due to its functional diversity, ease of use, and support for a large number of networks and tokens. This article takes a closer look at the key features of Trust Wallet that allow users to effectively and securely manage their crypto assets.

1. Creating and restoring a wallet

One of the basic functions of Trust Wallet is the ability to create a new wallet with the generation of a unique seed phrase (mnemonic phrase), which serves as the only key to access funds. The function of importing an existing wallet by seed phrase or private key from other compatible applications is also implemented, which ensures flexibility and security of asset management.

2. Storage and management of multiple cryptocurrencies

Trust Wallet supports over 4.5 million tokens and over 65 blockchains, including Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Tron, Avalanche, Cosmos, and more. The app allows the user to:

• View balance for each asset
• Add and hide any supported coins and tokens
• Create multiple addresses/accounts for easy portfolio management

3. Sending and receiving cryptocurrencies

The key function of any wallet is sending and receiving cryptocurrencies . Trust Wallet provides:

• Generation of addresses for receiving funds (with the ability to copy and create a QR code)
• Possibility to choose the size of the commission when sending (depending on the network and workload)
• Tracking transaction history in the application interface
• Support for internal transfers between your wallets

4. Swap and purchase cryptocurrencies

Trust Wallet has built in a function of fast token exchange (Swap) via decentralized protocols (Uniswap, PancakeSwap, etc.) directly in the application. It is also possible to purchase cryptocurrency for fiat money using bank cards through partner services (MoonPay, Transak, etc.).

5. Integration with decentralized applications (dApps)

The built-in Web3 browser allows direct interaction with DeFi platforms, NFT marketplaces, games and other decentralized services. The user can:

• Use apps on Ethereum, BNB Chain, Polygon, Solana and other networks
• Get access to staking, farming, lending and exchange services
• Buy, send and store NFTs

6. Staking function

Trust Wallet users can delegate cryptocurrencies to staking and earn passive income. Supported assets include BNB, Cosmos, Solana, Tron, Tezos, Ethereum, and more. The app shows information about profitability (APY), block time, and allows you to manage delegation between validators.

7. View and manage NFTs

Trust Wallet supports ERC-721 and BEP-721 standards for NFTs, allowing users to view, add, send, and receive non-fungible tokens directly within the app.

8. Security and additional settings

To improve security, Trust Wallet has implemented:

• Local storage of private keys (not transmitted to servers)
• Ability to enable PIN code, Face ID/Touch ID
• Backing up your seed phrase
• Recovery and emergency access functions via seed phrase

9. Notifications and portfolio tracking

The application provides push notifications about the receipt of funds and successful transactions, and also allows you to track the dynamics of the portfolio, the cryptocurrency rate and the history of transactions.

Conclusion

Trust Wallet is a multifunctional and convenient solution for managing crypto assets. Its functions cover the entire spectrum of operations: from creating and restoring a wallet to staking, trading and interaction with Web3. With multi-currency support, a high degree of security and integration with dApps, Trust Wallet remains one of the leaders among mobile crypto wallets.

Literature:

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1. Trust Wallet Official Website
2. Cointelegraph, “Best multi-chain crypto wallets”, 2024
3. Binance Academy, “What is Trust Wallet?”, 2024
4. Messari Crypto Glossary, 2024

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Ledger Wallet

With the growing popularity of cryptocurrencies, the demand for reliable ways to store digital assets has increased. One of the safest solutions is the hardware wallet Ledger Wallet. The article discusses the history of creation, architecture, functional features, advantages and disadvantages of Ledger Wallet, as well as its role in the cryptocurrency wallet market.

1. Introduction

Cryptocurrencies provide users with a unique opportunity to make fast and anonymous transfers around the world, but the security of storing digital funds remains one of the main problems of the market. Unlike software wallets, which are subject to the risk of hacking and infection by malware, hardware wallets provide storage of private keys in an isolated environment. One of the most famous and popular hardware wallets is Ledger Wallet .

2. History and manufacturer

Ledger was founded in France in 2014 by a group of cryptography and security specialists. The company’s goal is to create an easy-to-use, but highly secure device for storing cryptocurrencies. Already in 2016, the first generation of the Ledger Nano device was released, making hardware wallets available to the masses.

3. Design and architecture

The Ledger Wallet is a compact, flash drive-sized device with its own security chip, display, and control buttons. The wallet connects to a computer or smartphone via USB, Bluetooth, or NFC (depending on the model).

Main models of Ledger Wallet:

• Ledger Nano S
  The first mass-market model, USB connection, support for dozens of cryptocurrencies.
• Ledger Nano X
  Extended version with Bluetooth support, increased memory and improved ergonomics.
• Ledger Stax
  The latest model with a touchscreen and an increased number of supported assets.

4. Operating principle and key features

• Isolated storage of private keys.
  Keys never leave the device and are not subject to network attacks.
• Support for over 5,500 coins and tokens
  (BTC, ETH, BNB, XRP, SOL, ADA, DOT, TRX, etc.)
• Working with multiple wallets and accounts
  The user can manage multiple cryptocurrencies at the same time.
• Integration with Ledger Live
  The Ledger Live application allows you to manage your assets, install new applications, update and monitor your balance.
• Supports DeFi, NFT, staking and exchanges
  via Ledger Live and partner services.
• Backup option
  Access is restored only by seed phrase (24 words).

5. Security

Ledger Wallet has a high level of security due to:

• Use of a specialized Secure Element (SE) chip, similar to that used in bank cards and passports.
• Verification of each operation via physical buttons and/or touch screen of the device.
• No transmission of private keys to the Internet, even when working with an infected computer.
• Regular audits and firmware updates.

6. Advantages and disadvantages

Advantages:

• Maximum protection against remote access, phishing and viruses.
• Support for a large number of cryptocurrencies and tokens.
• Compatible with most popular wallets and dApps.

Flaws:

• Requires physical access to the device to confirm transactions.
• Cost of the device (from $70 to $200 depending on the model).
• Risk of loss or physical damage to the device (however, you can always restore access via the seed phrase).

7. The Role of Ledger Wallet in the Market

Ledger Wallet is a leader in the hardware wallet niche, competing with brands like Trezor and SafePal. Ledger’s combination of security, functionality, and ease of use has made it the choice of millions of crypto enthusiasts around the world, including investors, traders, and institutional players.

Ledger Wallet is a benchmark example of a hardware wallet that provides maximum protection for crypto assets. Its use is recommended for long-term storage of significant amounts, as well as for those users for whom privacy and security are of paramount importance. In the era of digital assets, Ledger Wallet contributes to the spread and popularization of secure storage of cryptocurrencies.

What are the advantages of Ledger Wallet over other crypto wallets?

Annotation

Ledger Wallet is one of the most popular and reputable hardware cryptocurrency wallets in the world. With growing cybersecurity threats and software wallet hacks, hardware solutions are becoming increasingly popular. This article analyzes the key advantages of Ledger Wallet compared to software, mobile, and other hardware crypto wallets, and discusses its role in the digital asset storage ecosystem.

1. Absolute security of storing private keys

The main advantage of the Ledger Wallet is the isolated hardware storage of private keys , which do not leave the device under any circumstances. Even if the user’s computer or smartphone is compromised, Ledger’s private keys remain out of reach of malware, which dramatically reduces the risk of theft of funds.

• A specialized secure chip, Secure Element (SE) , is used , similar to bank cards and biometric passports.
• All transactions are confirmed physically, by pressing a button or on a touch screen, making it impossible to carry out unauthorized transactions.

2. Multi-level protection and independence from online threats

Ledger Wallet allows you to create, use and reserve a seed phrase (24 words) only in the algorithmically isolated environment of the device, completely eliminating data leakage via the Internet. Even if the device is stolen or lost, access to assets can only be restored by the owner using the seed phrase.

• Two-factor authentication is implemented at the hardware level.
• The device firmware is regularly updated and undergoes external security audits.

3. Support for a huge number of cryptocurrencies and tokens

Ledger is compatible with over 5,500 different coins and tokens, including Bitcoin, Ethereum (with support for all ERC token standards), BNB, Solana, Tron, XRP, Cardano, Polkadot, Avalanche, and more. The list of supported assets is constantly expanding thanks to the open SDK.

• Multi-currency without the need to install separate wallets for each coin.
• Ability to simultaneously store and manage multiple wallets within one device.

4. Convenience via Ledger Live and DeFi/NFT integration

Ledger Wallet is integrated with the proprietary Ledger Live app , which allows you to:

• Check balances and transaction history for all assets.
• Send and receive cryptocurrency in a couple of clicks.
• Participate in staking, exchanging, purchasing cryptocurrencies, and managing NFTs.
• Use third-party dApps and DeFi protocols (e.g. via MetaMask or WalletConnect).

All this without compromising on safety.

5. Compatibility and mobility

Ledger supports Windows, macOS, Linux computers, and mobile devices (via Bluetooth for Nano X and Ledger Stax), allowing you to securely manage your assets at home or on the go without sacrificing convenience for security.

6. Reputation and international support

Ledger is a brand with a worldwide reputation and history, regularly confirming its security through independent audits, bug bounty programs and numerous reviews. Millions of users around the world and the largest crypto funds trust Ledger to store their assets.

7. Restoring access and independence from third parties

Even if the device is lost, the user can restore access to the cryptocurrency using the seed phrase on another Ledger or compatible hardware wallet, completely without the involvement of the manufacturer, centralized servers or third-party services.

8. Advantages of hardware format over software solutions

• Independence from viruses, phishing and browser exploits.
• Impossibility of interception of data when entering a seed phrase and confirming payments.
• Compliance with the most stringent global standards for data storage and transmission.

Ledger Wallet is the gold standard of hardware crypto wallets, combining unrivaled security, convenience, multi-currency support, and broad compatibility across devices and crypto ecosystems. These advantages make Ledger Wallet the preferred choice for long-term storage and management of large cryptocurrency portfolios, as well as for professional digital asset market participants.

How to Install and Set Up Ledger Wallet

Ledger Wallet is a hardware cryptocurrency wallet that provides one of the highest levels of security for storing and managing digital assets. With isolated storage of private keys, Ledger hardware wallets (Nano S, Nano X, Ledger Stax) are widely used by investors and professionals around the world. This article covers the step-by-step process of installing and setting up Ledger Wallet, and provides recommendations for improving security.

1. Introduction

The Ledger hardware wallet is a physical device designed to work with cryptocurrency regardless of the state of the computer or smartphone. The proprietary Ledger Live application is used to manage the wallet . The initial setup process consists of a number of steps, each of which is important for reliable protection of digital assets.

2. Prerequisites for starting

• Ledger device (Nano S, Nano X or Stax) in original packaging
• Computer (Windows/macOS/Linux) or smartphone (iOS/Android)
• USB cable (or Bluetooth for Nano X/Stax)
• Stable internet connection
• Ability to write down the seed phrase on paper

3. Installing the Ledger Live app

1. Go to the official Ledger website .
2. Download Ledger Live for your operating system: Windows, Mac, Linux, iOS, Android.
3. Install the application by following the standard installation procedure for your chosen platform.

WARNING: Do not use third party sites or unofficial app stores.

4. Initial setup of Ledger Wallet

4.1. Connecting the device

• Connect your Ledger to your computer via USB cable (or enable Bluetooth for Nano X/Stax).
• Launch Ledger Live and select “Start device setup”.

4.2. Generating a new seed phrase

• A prompt to create a new wallet (“Set up as new device”) will appear on the device screen.
• The seed phrase (24 words) will be displayed on the device .
• Important: Write down your seed phrase carefully on paper and keep it in a safe place. Do not take photos or save it to the cloud!
• After recording, you will need to confirm the seed phrase on the device by selecting the words in the correct order.

4.3. Setting a PIN code

• Create and enter a PIN code (4-8 digits). This is the first level of protection against unauthorized access.
• Confirm your PIN code.

5. Linking Ledger to the Ledger Live app

1. Follow the instructions in Ledger Live to pair with your device.
2. If necessary, confirm the connection physically (by pressing buttons/touch screen).

6. Installing cryptocurrency applications

• In the Manager section of the Ledger Live app, select the blockchains you want to use (e.g. Bitcoin, Ethereum, Solana, Polygon, etc.).
• Click “Install” – the corresponding coin apps will be downloaded directly to your hardware wallet.
• Each wallet (Bitcoin, Ethereum, etc.) is installed as a separate application on the device.

7. Creating cryptocurrency accounts

• In Ledger Live, select Accounts > Add account.
• Select the desired cryptocurrency, follow the instructions.
• The app will generate a new address that can be used to receive funds.

8. Sending and receiving cryptocurrencies

• To receive a transfer: select the desired account, click “Receive”, confirm the address on the device and pass it on to the sender.
• To send: click “Send”, enter the recipient’s address and amount, confirm the transaction physically on the device (using buttons/screen).

9. Safety recommendations

• Never enter your seed phrase on your computer or on the Internet.
• Do not share your seed phrase and PIN code, do not store them digitally.
• Update your device firmware and Ledger Live app regularly.
• Please check the authenticity of the device and package when purchasing.

10. Restoring access to your wallet

• If the device is lost or damaged, access to funds can be restored on a new Ledger device using the saved seed phrase (24 words).
• Follow the “Restore device from recovery phrase” instructions when you turn on your new device for the first time.

Ledger Wallet is one of the most reliable ways to store cryptocurrencies long-term. Proper installation and configuration of the device ensures a high level of security for digital assets. By following simple recommendations for storing the seed phrase and using Ledger Live, the user minimizes the risk of losing funds even if the hardware wallet itself is lost or damaged.

What cryptocurrencies does Ledger Wallet support?

Ledger Wallet is one of the most popular and reliable hardware wallets for storing digital assets. It provides a high level of security and is compatible with thousands of cryptocurrencies and tokens, making it a convenient tool for both experienced investors and newcomers to the crypto industry. This article examines the range of cryptocurrencies supported by Ledger Wallet, provides an overview of the architecture of support for new assets, and discusses the benefits of this device’s multi-currency.

1. Introduction

As the cryptocurrency market develops, digital asset owners increasingly use hardware wallets for long-term storage of funds. Ledger Wallet (models Nano S, Nano X, Ledger Stax) allows you to keep private keys offline, supports multiple blockchains and tokens, and integrates with popular portfolio management services. One of the main reasons for Ledger’s popularity is its multicurrency support.

2. Main categories of supported cryptocurrencies

Ledger Wallet supports over 5500 coins and tokens from different categories:

2.1. Main (top) cryptocurrencies

• Bitcoin (BTC)
  The first and largest cryptocurrency by capitalization, supported on all Ledger models.
• Ethereum (ETH)
  Second by market capitalization, supports ETH and all ERC-20 and ERC-721 tokens (NFTs).
• BNB (Binance Coin)
  The main coin of Binance Chain and Binance Smart Chain.
• Ripple (XRP)
• Cardano (ADA)
• Solana (SOL)
• Tron (TRX)
• Polkadot (DOT)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Avalanche (AVAX)
• Polygon (MATIC)
• Stellar (XLM)
• Tezos (XTZ)
• Cosmos (ATOM)

2.2. Standards Tokens

• ERC-20, ERC-721, ERC-1155 — tokens based on Ethereum (stablecoins, DeFi tokens, NFT, etc.).
• BEP-20, BEP-2 — Binance Smart Chain and Binance Chain tokens.
• TRC-10, TRC-20 are Tron tokens.
• SPL — Solana tokens.
• CW20 — tokens of the Cosmos and Terra ecosystem.

2.3. Altcoins and new blockchains

Ledger actively supports new projects from the DeFi, GameFi, Web3 ecosystems, as well as individual second-tier chains:

• Optimism, Arbitrum, zkSync, Base and other second-layer solutions for Ethereum.
• Fantom, Near, Algorand, Elrond , and many others.

3. NFT and Web3 assets

Ledger Wallet, via the Ledger Live app and third-party services (e.g. MetaMask), allows you to securely store, send and receive NFTs (ERC-721, ERC-1155, SPL) and interact with decentralized applications on various blockchains.

4. Working with new tokens and updating support

The Ledger platform is built on a modular architecture:

• For each new cryptocurrency or token, a separate application is installed on the device (via Ledger Live).
• Many tokens (such as ERC-20) are automatically supported after installing the main application (Ethereum).
• Developers and third-party teams can create their own applications for Ledger using the open SDK.

5. Table – Examples of popular supported coins

Coin	Token type/blockchain	Ledger Live Support	Staking option
BTC	Bitcoin	Yes	No
ETH	Ethereum (ERC-20)	Yes	Yes
USDT/USDC/DAI	ERC-20/BEP-20/etc.	Yes	No
BNB	BEP-2/BEP-20	Yes	Yes
SOL	Solana/SPL	Yes	Yes
ADA	Cardano	Yes	Yes
DOT	Polkadot	Yes	Yes
XRP	Ripple	Yes	No
MATIC	Polygon	Yes	Yes
TRX	Tron	Yes	Yes
ATOM	Cosmos	Yes	Yes
AVAX	Avalanche	Yes	Yes

6. Benefits of Ledger Wallet Multicurrency

• Convenience: All assets in one device and application.
• Security: Private keys of all coins are hardware protected.
• Flexibility: Easy to add new tokens and applications.
• Integration: Ability to work with DeFi, NFT and Web3 directly through Ledger Live or third-party wallets (MetaMask, Rabby, others).

7. Safe storage of cryptocurrencies

Ledger Wallet is not only one of the safest ways to store cryptocurrencies, but also one of the most versatile platforms for supporting various digital assets. With wide support for coins, tokens, and NFTs, as well as the ability to work with new networks and Web3 applications, Ledger is the optimal choice for most modern crypto investors.

What features does Ledger Wallet allow you to manage cryptocurrencies?

Ledger Wallet is one of the most popular hardware cryptocurrency wallets, highly valued for its reliability and multi-currency support. Thanks to the combination of a secure hardware solution (Ledger Nano S, Nano X, Ledger Stax) and functional Ledger Live software, users can not only safely store their digital assets, but also manage them effectively. The article discusses the main functions of Ledger Wallet, providing a full cycle of work with cryptocurrency: from storage and transfer to staking, purchase and interaction with the Web3 ecosystem.

1. Secure creation and storage of private keys

Ledger Wallet isolates private keys inside the hardware device (Secure Element), preventing them from leaking to the Internet or to a computer. Keys are created directly on the device and never leave the secure environment, which provides the highest level of protection against hacking, phishing and viruses.

2. Manage multiple cryptocurrencies and tokens

Ledger supports over 5,500 coins and tokens, including Bitcoin, Ethereum, and all token standards (ERC-20, BEP-20, TRC-20, etc.). Features:

• Storage, sending and receiving of various cryptocurrencies and tokens.
• Create separate accounts for each coin.
• View your balance and transaction history in real time via Ledger Live.

3. Sending and receiving cryptocurrencies

With Ledger Live and a hardware wallet, users can:

• Receive unique addresses for receiving funds across different networks.
• Send cryptocurrencies, confirming each transaction physically on the wallet (using buttons or a sensor).
• Verify the correctness of each address directly on the device screen, which prevents address spoofing attacks.

4. Installing applications for different blockchains

Ledger Wallet has a modular architecture: a separate application is installed to work with each new cryptocurrency or network (for example, Bitcoin App, Ethereum App, etc.). This allows you to flexibly expand the functionality of the device as new assets appear on the market.

5. Exchange and purchase of cryptocurrencies

Ledger Live includes integration with purchasing (e.g. MoonPay, Wyre, Coinify) and exchange (Changelly, 1inch, Paraswap) services:

• Buy cryptocurrencies with fiat funds within the application.
• Exchange one cryptocurrency for another without withdrawing funds to exchanges.

6. Staking and passive income

Ledger Wallet allows you to delegate certain cryptocurrencies (ETH, DOT, ADA, XTZ, ATOM, SOL, etc.) to receive passive income:

• Selecting a validator and setting delegation parameters.
• Display your profitability (APY/ROI) and manage your rewards via Ledger Live.
• All transactions are confirmed only physically on the device.

7. NFT and Web3 functionality

With the help of Ledger Live and additional wallet plugins (MetaMask, Rabby, etc.), it is possible to work with NFT (ERC-721, BEP-721, SPL) and interact with decentralized applications:

• View, store, send and receive NFTs.
• Work with DeFi, DEX, GameFi via secure connection to dApps.
• Support for WalletConnect protocols for accessing Web3 services.

8. Portfolio management and analytics

• Track the total value of your portfolio in different currencies.
• Balance change dynamics, transaction history and operation statuses.
• Set up notifications about transactions and rate changes.

9. Access recovery and backup

• Generation and storage of a seed phrase (24 words) at the device initialization stage.
• The ability to fully restore access to assets on a new Ledger device if the wallet is lost/broken.

10. Regular security updates

• Through Ledger Live, users can update their wallet firmware and applications to maintain up-to-date security and compatibility with new assets.

Conclusion

Ledger Wallet is a comprehensive, secure and convenient solution for storing, managing and increasing crypto assets. The hardware storage principle, user-friendly Ledger Live software, support for tens of thousands of tokens, staking functions and integration with Web3 make Ledger a leader among modern crypto wallets for long-term and active use.

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Literature:

1. Ledger Official Website
2. Binance Academy. “What is a hardware wallet?”, 2023
3. Cointelegraph. Ledger Nano X Review, 2023
4. Cryptoglossary Messari, 2024

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Trezor Wallet

Trezor Wallet is a special device, similar to a small flash drive, which is used to securely store and manage cryptocurrency, such as Bitcoin, Ethereum, and many other digital assets. Such a wallet is called a hardware or “cold” wallet because it stores your private keys (secret codes for accessing cryptocurrency) not on the Internet, but inside the device itself, completely isolating them from online threats 2 3 7 .

Trezor is very easy to use: you connect it to your computer or smartphone via USB, confirm transactions on the device itself, and manage your assets through a special program. Even if your computer is infected with viruses, intruders will not be able to access your funds, because all important data remains inside the wallet and is not transmitted to the network 2 9 15 .

The main advantages of Trezor:

• Maximum security for storing cryptocurrency offline
• Support for many different coins and tokens
• Easy to use even for beginners
• Ability to quickly restore access to your funds using a backup phrase if your device is lost or broken

Simply put, Trezor Wallet is your personal cryptocurrency safe that protects your money from hackers and theft, but still remains easy to use 1 2 9 .

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Cold storage provides maximum protection for cryptocurrency assets by completely isolating private keys from the Internet 1 2 . Unlike hot wallets, cold devices cannot be hacked remotely through network attacks, making them an ideal solution for long-term storage of significant amounts 3 4 .

Basic principles of cold storage safety include:

• Offline generation and storage of private keys, eliminating their compromise 5 6
• Physical confirmation of transactions on the device based on the principle of “what you see is what you sign” 7
• Secure storage of the seed phrase in offline mode, preferably in several secure places 8 9
• Regular firmware updates to fix potential vulnerabilities 8 10
• Use only official software from the manufacturer 8

Current Trezor models, such as the Safe 3 and Safe 5, support over 7,000 different crypto assets, including not only leading coins like BTC, ETH, Cardano, Dogecoin, and Solana, but also thousands of ERC-20 tokens and other blockchain-specific assets 1 2 3 . This eliminates the need for users to create separate wallets for each cryptocurrency — all assets are conveniently managed through a single Trezor Suite interface, which allows you to track your portfolio and make transactions in a couple of clicks 1 3 .

Multicurrency support is implemented both through its own software and through integration with external services and third-party wallets, which expands the possibilities for managing rare tokens and new projects. This approach makes Trezor a universal tool for investors with a diverse portfolio and allows for flexible response to the emergence of new digital assets on the market 2 3 .

The new Trezor Safe 3 and Safe 5 models feature a Secure Element EAL6+ (OPTIGA™ Trust M V3) certified chip, significantly increasing their protection against physical attacks 1 2 . This chip provides an additional layer of security for the PIN code by not storing it directly, and verifies the authenticity of the device 1 3 . EAL6+ certification represents one of the highest levels of security assurance for consumer hardware wallets, confirming the device’s ability to withstand sophisticated attacks 1 4 .

It is important to note that Trezor uses a dual-chip architecture, where the Secure Element protects the PIN and cryptographic secrets, but does not have access to the wallet backup 1 3 . This approach remains true to the open source principles of Trezor, allowing the community to audit the security, while effectively blocking hardware attacks, including voltage glitch attacks that could previously be used to extract seeds from older models 5 3 .

How to Install and Set Up Trezor Wallet

How to Install and Set Up Trezor Wallet: Step-by-Step Instructions

1. Preparing the device

• Buy Trezor only from the official website or authorized sellers to avoid counterfeits 4 5.

2. Connection and initial setup

• Connect Trezor to your computer using the USB cable included 3 4 .
• Open your browser and go to the official website: [trezor.io/start] 3 2 .
• Select your device model (e.g. Trezor Model T or Safe 3) 2 3 .
• Download and install the Trezor Bridge program – it is necessary for the wallet to work with the computer 1 2 3 .

3. Installing and updating firmware

• Once connected, the device will prompt you to install or update the firmware. Follow the on-screen instructions – this is important for security and up-to-date features 2 3 5.

4. Creating a new wallet

• After updating the firmware, select the option “Create a new wallet” (or “Set up as new device”) 1 2 .
• Set a PIN code to protect your device. The PIN code is confirmed on the Trezor itself, so that no one can spy on the 1 2 3 combination .
• Give the device a name (optional) 2 .

5. Seed phrase

• The device will show you 12, 18 or 24 secret words – this is your backup phrase to restore access to your wallet 1 4 5.
• Write these words down on paper and keep them in a safe place, do not take photos or save them on your computer 1 4 5.
• Confirm your backup phrase by following the prompts on your device screen.

6. Completing the setup and using

• Once all steps are completed, your wallet is ready to work. Open Trezor Suite or web interface to manage cryptocurrency 4 5.
• To receive funds, select the desired coin, copy the address or use the QR code 2 4 .
• To send funds, select “Send”, enter the recipient’s address and confirm the transaction on your device 4 .

7. Important

• Update your device firmware regularly via official software for maximum security5.
• Don’t lose your backup phrase – without it, it will be impossible to restore access to your funds5.

Briefly:
Trezor Wallet is configured via the official website and application, requires the installation of a special program, creation of a PIN code and recording of a backup phrase. All transactions are confirmed on the device itself, which ensures a high level of security 1 2 3 4 5.

What cryptocurrencies does Trezor Wallet support?

Trezor Wallet supports one of the most extensive cryptocurrency ecosystems on the market. As of April 2025, Trezor devices (including Model T, Safe 3, and others) allow you to store, send, and receive over 8,000 crypto assets, including both major coins and thousands of tokens of various standards 2 4 .

Major cryptocurrencies with native support in Trezor Suite:

• Bitcoin (BTC)
• Ethereum (ETH) and all ERC-20 tokens (e.g. USDT, UNI, LINK, etc.)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Ethereum Classic (ETC)
• Dash (DASH)
• Zcash (ZEC)
• Dogecoin (DOGE)
• Ripple (XRP)
• Cardano (ADA)
• Solana (SOL) and all SPL tokens
• Binance Coin (BNB) and BNB Smart Chain Tokens (BEP-20)
• Polygon (MATIC) and Polygon Standard Tokens
• Tether (USDT) on different blockchains 2 4 7 8

Support for other coins and tokens:

• All ERC-20 (Ethereum-based) tokens are supported directly, without the need for third-party integrations 5 7 .
• SPL (Solana), BEP-20 (Binance Smart Chain) tokens, as well as assets on Polygon, Avalanche, Cronos and other EVM-compatible networks 2 7 .
• Some cryptocurrencies (e.g. Monero, Tezos, Stellar, NEM) require the use of third-party wallets that integrate with Trezor to confirm transactions, while private keys always remain on the device 7 8 .

Peculiarities:

• The list of supported assets is regularly updated and up-to-date information can always be found on the official Trezor 2 4 website .
• Trezor One supports fewer coins than Model T and Safe 3. For example, Trezor One does not support Cardano (ADA), Ripple (XRP), Monero (XMR) 5 7 .

Example of popular supported coins:

Cryptocurrency	Support in Trezor Suite	Through a third-party wallet
Bitcoin (BTC)	Yes	—
Ethereum (ETH)	Yes	—
ERC-20 tokens	Yes	—
Solana (SOL)	Yes	—
Cardano (ADA)	Yes	Adalite
Ripple (XRP)	Yes	—
Monero (XMR)	No	Through a third-party wallet
Tezos (XTZ)	No	Through a third-party wallet
Binance Coin (BNB)	Yes	—
Polygon (MATIC)	Yes	—

Conclusion:
Trezor Wallet supports thousands of cryptocurrencies and tokens, including all major coins and most popular token standards (ERC-20, SPL, BEP-20, etc.), and is regularly expanding this list. Some coins require third-party software, but security is always ensured by hardware 2 4 7 8 .

What features does Trezor Wallet allow you to manage cryptocurrencies?

Trezor Wallet Key Features for Managing Cryptocurrencies

1. Storage and protection of assets

• Private keys are stored only on the device and never leave it, which protects funds from online threats and hacks 1 5 6 .
• A PIN code and, if desired, an additional passphrase are used to access the wallet 4 6 .
• A backup seed phrase (12, 18 or 24 words) allows you to restore access to assets if your device is lost 4 6 .

2. Sending and receiving cryptocurrencies

• The ability to send and receive hundreds of cryptocurrencies including Bitcoin, Ethereum, Litecoin and many more 4 5 7 8 .
• For each transaction, the user manually confirms the operation on the device, which eliminates unauthorized transfers 1 7 .
• Generate new addresses to increase anonymity and security when receiving funds 2 8 .

3. Portfolio management

• View your balance, transaction history and manage multiple cryptocurrencies through a single interface Trezor Suite 4 6 .
• Ability to add tags and notes to transactions for easy payment tracking 1 .

4. Exchange and purchase of cryptocurrencies

• Built-in functions for exchanging and purchasing cryptocurrencies through partner services directly from the wallet interface 3 .
• Conversion of digital assets between different coins without withdrawing funds to the exchange 3 .

5. Additional security features

• Checking the integrity of the firmware and the ability to safely update software 1 .
• Open source software for transparency and trust 2 .
• Ultrasonic welding of the case to protect against physical opening of the device 1 .

6. Anonymity and privacy

• Automatic address change during transactions makes it difficult to track transactions and increases user anonymity 2 8 .
• Ability to create hidden wallets with a separate password phrase that are not visible during normal access 2 .

7. Recovery and reset

• Quickly restore access to assets using a seed phrase on a new device 4 6 .
• Ability to reset device to factory settings for transfer or sale 7 8 .

In summary:
Trezor Wallet allows you to securely store, send, receive, exchange cryptocurrencies, manage your portfolio, and restore access to your funds, combining a simple interface with multi-layered security and anonymity 1 2 4 5 6 7 8 .

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Exodus Wallet

Multi-currency and non-custodial nature are two key advantages of Exodus Wallet that make it popular among crypto enthusiasts. As a multi-currency wallet, Exodus allows you to store and manage over 260 different cryptocurrencies in a single app 1 2 , eliminating the need for users to create separate wallets for each coin 3 . The non-custodial nature means that only the user has access to private keys and full control over their assets without the involvement of third parties 4 5 .

This combination provides several significant advantages:

• Convenient management of a diverse crypto portfolio in one place 6
• Built-in conversion functions for fast exchange between currencies 7 8
• Complete autonomy and independence from centralized services 9
• Increased privacy due to no KYC requirements 10
• Possibility of integration with hardware wallets (e.g. Trezor) for additional security 1 2

Exodus offers a built-in cryptocurrency exchange feature that allows users to convert one digital asset to another directly within the wallet without the need for external exchanges. This feature is accessible via the “Exchange” or “SWAP” tab in the main menu of the app 1 2 . The exchange process is intuitive: the user selects the source currency and the currency to receive, specifies the amount, and confirms the transaction 3 4 .

Features of built-in exchange in Exodus:

• Integration with exchange services such as ShapeShift and Changelly 2 5
• Display current exchange rates in real time 4
• Possibility to specify the amount in both cryptocurrency and fiat money 4
• Automatic calculation of transaction fees, which are paid to the blockchain network, not to Exodus itself 6 3
• Three-second window to cancel the exchange after confirming the transaction 4
• Supports exchange even when used with hardware wallets such as Trezor 7

Exodus boasts impressive cryptocurrency support, offering users access to over 300 tokens across over 50 different blockchain networks 1 . Supported assets include all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), Solana, Polkadot (DOT), Avalanche (AVAX), Ripple (XRP), as well as many altcoins and ERC-20 tokens 2 1 .

The wallet is regularly updated, adding support for new tokens and networks approximately twice a month 1 . Users can easily customize the display of their desired cryptocurrencies on the main screen via the “Favorites” menu, as well as use the search function to quickly find specific tokens 1 . In addition to storing and sending cryptocurrencies, Exodus also supports NFTs on eight blockchain networks, including Ethereum, Solana, Polygon, and Binance Smart Chain 1 .

Advantages of Exodus Wallet over other crypto wallets

Exodus Wallet is a multi-currency, non-custodial crypto wallet that stands out from the competition due to its combination of convenience, functionality, and security. Below, we discuss the key advantages of Exodus Wallet compared to other popular crypto wallets.

**1. Intuitive and modern interface

Exodus is recognized as one of the most convenient wallets for beginners and experienced users. Its design is simple and aesthetically pleasing, making it easy to navigate, store, send and exchange cryptocurrencies even for those who are new to digital assets 1 3 5 . The interface is equally convenient on mobile devices, computers, and through a browser extension.

**2. Multicurrency and support for multiple blockchains

Exodus supports over 260 cryptocurrencies and thousands of tokens on over 50 blockchains, allowing users to manage a diverse portfolio in a single app 2 5 . This is far superior to many competitors that are limited to supporting only a few networks or tokens 3 .

**3. Built-in cryptocurrency exchange

Exodus has an instant cryptocurrency exchange function right in the wallet without the need to withdraw funds to third-party exchanges. The user can quickly convert assets between supported currencies at the current rate, which increases convenience and saves time 1 3 4 5 .

**4. Focus on privacy and non-custodiality

Exodus does not require KYC or personal data. Private keys and data are stored only on the user’s device, which ensures full control over assets and a high level of privacy 5 . This distinguishes Exodus from custodial and centralized solutions.

**5. Integration with hardware wallets

To enhance security, Exodus is integrated with Trezor hardware wallets. This allows private keys to be stored offline and transactions to be confirmed on a physical device, significantly reducing the risk of hacking and theft of funds 4 5 .

**6. NFT and Web3 functionality

Exodus supports NFTs: storing, viewing, and managing non-fungible tokens is available directly in the wallet. It also supports Web3 and interacts with decentralized applications via a browser extension 2 5 .

**7. Cross-platform and synchronization

Access to the wallet is possible from mobile devices (iOS, Android), desktop computers (Windows, Mac, Linux) and via a browser extension (Chrome, Brave). Synchronization between devices allows you to manage assets in any convenient format 2 5 .

**8. Additional features: staking and fiat on-ramp

Exodus offers built-in staking for a range of cryptocurrencies, allowing you to earn passive income directly in your wallet. It also allows you to purchase cryptocurrency for fiat money through third-party services integrated into the 2 4 5 app .

Comparison Table: Exodus Wallet vs Other Wallets

Criterion	Exodus Wallet	Trust Wallet / Plus Wallet
Interface	Modern, intuitive	Comfortable, but less aesthetically pleasing
Number of currencies	260+ cryptocurrencies, 50+ networks	Comparable or less
Built-in exchange	Yes (no KYC)	Yes, but with different restrictions
NFT	Yes, built-in gallery	Partially/limited
Hardware wallets	Integration with Trezor	No
Staking	Yes, for a number of coins	Yes/no (depends on wallet)
Confidentiality	No KYC, user holds keys	Likewise
Cross-platform	Desktop, mobile, browser	Mainly mobile

Exodus Wallet stands out from other crypto wallets due to its combination of ease of use, wide asset support, built-in exchange, hardware wallet integration, NFT and Web3 support, and additional features like staking and buying crypto with fiat. This makes Exodus the best choice for users who want convenience, security, and functionality in one app 1 2 3 4 5 .

How to Install and Set Up Exodus Wallet

Exodus Wallet is a popular multi-currency non-custodial crypto wallet available for mobile devices (iOS, Android), desktop computers (Windows, macOS, Linux) and as a browser extension (Web3 Wallet). Below is a step-by-step guide on installing and initially setting up the wallet on various platforms.

1. Installing Exodus Wallet

Mobile devices (iOS and Android)

• Open the App Store (for iOS) or Google Play Store (for Android).
• Search for “Exodus” and select the official app.
• Click Download (iOS) or Install (Android).
• After installation is complete, open the 1 7 application .

Desktop computers (Windows, macOS, Linux)

• Go to the official Exodus website and download the version for your operating system.
• For Windows: Run the downloaded installer, follow the installation instructions.
• For macOS: Open the downloaded file and move the application to the Applications folder.
• For Linux: For Debian-like systems use the .deb file, for others use the .zip archive. Follow the installation instructions depending on your distribution 1 7 .

Browser Extension (Web3 Wallet)

• Open the official Exodus website and select the installation for Chrome or Brave.
• Confirm adding the extension to your browser.
• Once installed, the Exodus icon will appear in your browser’s extensions bar 1 7 .

2. Creating and backing up your wallet

Creating a wallet

• After the first launch, select “Create a new wallet”.
• Exodus will automatically create a new wallet for you and generate a unique 12-word seed phrase4 5 .

Backup

• Go to the “Security” or “Backup” section in the application settings.
• Write the 12-word secret phrase on paper in the correct order and keep it in a safe place out of reach of third parties. Do not make digital copies or take photos of the phrase 2 3 4.
• For mobile devices, you can back up to iCloud or Google Drive, encrypted and protected via Face ID, Touch ID, PIN, or device password 2 .
• Confirm the correctness of the phrase by entering the requested words for verification.
• Set a strong password to access your wallet. This password will be used to encrypt data and confirm transactions 3 5 6 .

3. Setting up and using the wallet

• Once the backup is complete and the password is set, the wallet is ready for use.
• To add or activate the required cryptocurrencies, go to the “Assets” section and select the tokens you are interested in 6 .
• To receive cryptocurrency, select the desired asset, click “Receive” – the address and QR code for the deposit will appear.
• To send funds, select “Send”, enter the recipient’s address and the transfer amount 6 .
• To restore access to your wallet on a new device, use the “Restore wallet” option and enter the previously saved 12-word phrase 2 3 .

4. Additional safety recommendations

• Store your backup phrase in several safe places to avoid loss of access due to force majeure (fire, flood, etc.) 3 .
• Do not share your secret phrase and password with third parties.
• Update the app regularly to get the latest features and security fixes.

Conclusion:
Installing and setting up Exodus Wallet takes only a few minutes, but requires careful attention to security issues. Correct backup and storage of the secret phrase guarantee full control over your crypto assets and the ability to restore them at any time 1 2 3 4 5 6 7 .

What cryptocurrencies does Exodus Wallet support?

Exodus Wallet is a multi-currency, non-custodial crypto wallet that supports a wide range of digital assets and blockchain networks. With ongoing development and updates, Exodus gives users access to one of the largest collections of cryptocurrencies among popular wallets.

Total number of assets supported

As of April 2025, Exodus supports over 300 cryptocurrencies and tokens, covering over 50 different blockchain networks. The list of supported assets is regularly updated and expanded depending on market developments and user demand 1 2 4 .

Main categories of supported cryptocurrencies

• Bitcoin and derivatives:
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Lightning Network (LNBTC)
• Ethereum and ERC-20 tokens:
  • Ethereum (ETH)
  • Most popular ERC-20 tokens (USDT, USDC, UNI, LINK, DAI, BAT, etc.)
  • Ability to add custom ERC-20 tokens manually 1 3 4
• Binance Smart Chain and BEP-20 Tokens:
  • Binance Coin (BNB)
  • Support for major BEP-20 tokens
• Other major blockchains and coins:
  • Solana (SOL) and SPL Tokens
  • Cardano (ADA)
  • Polkadot (DOT)
  • Avalanche (AVAX)
  • Polygon (MATIC)
  • Tron (TRX)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Dash (DASH)
  • Dogecoin (DOGE)
  • Cosmos (ATOM)
  • Algorand (ALGO)
  • Stellar (XLM)
  • Monero (XMR)
  • EOS
  • Tezos (XTZ)
  • Hedera (HBAR)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
• Stablecoins:
  • Tether (USDT) on various networks (Ethereum, Tron, Solana, Polygon, etc.)
  • USD Coin (USDC)
  • Binance USD (BUSD)
  • Dai (DAI)
  • TrueUSD (TUSD) 2 4
• NFT and Web3 Tokens:
  • Exodus supports NFT storage and display on a number of networks, including Ethereum, Solana, Polygon, and BNB Chain 1 .

Possibilities of list expansion

If the desired token is not in the standard Exodus list, the user can add it manually as a custom token, as long as it runs on a supported network (e.g. ERC-20 or BEP-20) 1 3 4 .

Integration with hardware wallets

Exodus supports integration with Trezor and Ledger hardware wallets, allowing you to manage many assets directly through the Exodus 1 6 interface .

Examples of popular coins supported by Exodus

Cryptocurrency	Ticker	Net
Bitcoin	BTC	Bitcoin
Ethereum	ETH	Ethereum
Tether	USDT	ETH, TRX, SOL
Binance Coin	BNB	BNB, BSC
Cardano	ADA	Cardano
Solana	SOL	Solana
Ripple	XRP	XRP Ledger
Litecoin	LTC	Litecoin
Dogecoin	DOGE	Dogecoin
Polkadot	DOT	Polkadot
Polygon	MATIC	Polygon, ETH
Avalanche	AVAX	Avalanche
Cosmos	ATOM	Cosmos
Stellar	XLM	Stellar
Tron	TRX	Tron

Exodus Wallet is one of the leaders in the number of supported cryptocurrencies and networks. Users get access to storing, sending, receiving and exchanging hundreds of digital assets, including both major coins and many tokens of various standards. Such a wide coverage makes Exodus a universal tool for managing a crypto portfolio 1 2 4 .

What features does Exodus Wallet allow you to manage cryptocurrencies?

Exodus Wallet is a multi-currency non-custodial crypto wallet that provides users with a wide range of features for convenient and secure management of digital assets. Below we review the main features of Exodus that allow you to effectively store, exchange and use cryptocurrencies.

1. Storage and management of cryptocurrencies

Exodus supports over 300 cryptocurrencies and tokens on over 50 blockchains, allowing you to store a diverse portfolio in one app 1 4 . The user has full control over private keys, which are stored locally on the device, ensuring a high level of security and privacy 3 5 .

2. Sending and receiving cryptocurrencies

Users can easily send and receive cryptocurrencies through a user-friendly interface. To receive, a wallet address and a QR code are available, to send – enter the recipient’s address or scan the QR code, as well as the ability to specify the amount in cryptocurrency or fiat and add a message to the transaction 1 3 .

3. Built-in exchange (Swap) of cryptocurrencies

Exodus provides a built-in cryptocurrency exchange function without the need to go to third-party exchanges. The exchange occurs through integration with external non-custodial API providers (for example, ShapeShift), which allows for quick and convenient asset conversion without going through KYC 1 3 5 6 . The user selects the currencies to exchange, specifies the amount and confirms the transaction – the exchange is completed within a few minutes.

4. Cryptocurrency staking

Exodus has a staking feature — participation in supporting the work of blockchains with rewards. Users can activate staking for a number of cryptocurrencies (for example, Cosmos, Algorand, Cardano, Tezos, Solana, etc.) directly in the “Rewards” section. The wallet displays current rewards and allows you to select the parameters for receiving rewards (automatically or manually) 1 5 .

5. NFT Management and Web3 Functionality

Exodus supports NFT storage and browsing on multiple blockchain networks, including Ethereum, Solana, and Polygon. It also provides users with access to Web3 applications and decentralized services via a browser extension and mobile app, expanding their ability to interact with the crypto ecosystem2 4 .

6. Integration with hardware wallets

For increased security, Exodus integrates with hardware wallets such as Trezor. This allows you to store private keys offline and sign transactions using a physical device, reducing the risk of hacking and theft of funds2 3 5 .

7. Multi-portfolios and local currency

Exodus allows you to create multiple portfolios for different purposes – long-term storage, daily operations, or work with specific networks. In addition, the display of balances and asset values ​​is available in the user’s local currency, which makes it easier to track investment performance2.

8. Backup and Restore

When creating a wallet, Exodus generates a unique 12-word seed phrase, which is used to restore access to funds in case of loss of the device. The user is asked to save this phrase in a safe place. Wallet recovery is possible on any device by entering the seed phrase 1 6 .

9. Buying cryptocurrency with fiat

Exodus has implemented the ability to purchase cryptocurrency directly from the application using credit and debit cards, as well as bank transfers through partner services (Moonpay, Ramp, etc.). This simplifies entry into the crypto world without the need to use external exchangers 3 4 .

Exodus Wallet functionality covers the full range of cryptocurrency operations: storage, sending and receiving, instant exchange, staking, NFT management, integration with hardware wallets and convenient purchase of crypto assets for fiat. Such a range of features makes Exodus a convenient and safe tool for managing a cryptocurrency portfolio for both beginners and experienced users 1 2 3 4 5 6 .

How does the staking feature work in Exodus Wallet?

Staking in Exodus Wallet is a passive income tool that allows users to earn rewards for supporting the work of blockchains that operate on Proof-of-Stake (PoS) algorithms and its derivatives. Exodus integrates this feature directly into the wallet interface, making the process as simple and accessible as possible, even for beginners 4 6 8 .

How staking works

• The user selects a cryptocurrency supported for staking (e.g. Solana, Cardano, Algorand, Cosmos and others) 6 9 .
• The Rewards section displays a list of assets available for staking and the current annual yield (APY) 4 6 .
• To activate staking, simply select the desired asset and specify the amount to delegate. In most cases, you don’t need to run your own node or have a large deposit — Exodus delegates funds to professional validator partners (e.g. Everstake for Solana) 5 6 .
• After the transaction is confirmed, the coins are locked in the network and the user starts receiving rewards in the same cryptocurrency. Rewards are awarded automatically, their size depends on the selected coin, network conditions and the validator’s commission 5 6 7 .

Features and benefits of staking in Exodus

• Simplicity: The process is fully automated – just a few clicks are enough to start staking 4 8 .
• Minimum entry threshold: Even small amounts can be staked, making the function accessible to a wide range of users 1 6 .
• Flexibility: Some assets do not have strict lockup periods, funds can be withdrawn from staking at any time (e.g. Cardano, Tezos) 6 7 .
• Transparency: The Exodus interface allows you to track the amount of funds delegated, rewards accrued, and transaction history. For Solana and other networks, detailed data on each transaction is available 5 .
• Security: Private keys always remain with the user, and delegation occurs through trusted validators, which reduces technical and financial risks 6 7 .

Important nuances

• Lockup periods: Some cryptocurrencies have an unlock period when withdrawing funds from staking, during which the assets are temporarily unavailable (e.g. Cosmos) 6 7 .
• Validator fees: A portion of the reward is retained by validators for providing the delegation service (e.g. Everstake for Solana takes a 7% fee on rewards) 5 .
• Variable Yield: Annualized Staking Yield (APY) may vary depending on the network status and the amount of funds locked 5 6 .

Step-by-step process of staking in Exodus (using Solana as an example)

1. Top up your wallet with the desired cryptocurrency (for example, SOL).
2. In the main menu, select an asset and click “Earn staking rewards” or a similar button 5 .
3. Specify the amount for staking and confirm the transaction.
4. Coins will be delegated to the validator and rewards will start accruing after staking is activated.
5. To withdraw funds from staking, use the “Unstake” function – after the unlocking period, the coins will become available for regular transactions 5 .

Comparison of Exodus and Trust Wallet

Exodus and Trust Wallet are two popular non-custodial crypto wallets with different approaches to storing and managing digital assets.

• Exodus has a sleek interface and is primarily focused on desktop use. It supports over 250 cryptocurrencies on 7 blockchains, offers built-in currency exchange and portfolio visualization. 1 2 The main advantage is full control over assets and private keys, which are stored only by the user. 1 However, Exodus does not provide two-factor authentication, which is explained by its non-custodial nature. 2
• Trust Wallet is a mobile multi-currency wallet that supports over 65 blockchains and millions of tokens. 3 4 Key benefits include anonymous transactions, the ability to buy cryptocurrencies with fiat, and a built-in Web 3.0 browser for working with decentralized applications. 5 4 Trust Wallet does not require KYC verification and provides local storage of private keys, which increases security. 6 Interestingly, thanks to the open Web3 ecosystem, users can import their Exodus wallet to Trust Wallet while maintaining access to the same assets. 7

Crypto asset security requires a comprehensive approach that combines technical solutions and good user habits. To ensure maximum protection of your digital assets, we recommend:

• Use cold storage for long-term investments – hardware wallets (Ledger, Trezor) provide the highest level of security by storing private keys offline 1 2 .
• Enable two-factor authentication (2FA) on all platforms where possible, preferably through dedicated apps like Google Authenticator 3 4 5 .
• Diversify storage – don’t keep all your assets in one place; it’s best to have a hot wallet for everyday transactions and a cold wallet for your core assets 6 7 .
• Create strong passwords and update them regularly, using unique combinations for each service 3 4 .
• Regularly update wallet software and operating systems to eliminate vulnerabilities 4 5 .
• Beware of phishing attacks – check URLs, do not click on suspicious links and do not download files from unverified sources 8 5 .

Remember the main rule of the crypto community: “not your keys – not your coins”. Control over private keys should remain with you only 5 .

Cold and hot crypto wallets represent two fundamentally different approaches to storing digital assets, each with their own benefits and limitations.

• Cold wallets store private keys offline, completely isolated from the internet, providing maximum protection against online threats, hacking and phishing attacks. 1 2 They are ideal for long-term storage of significant amounts of cryptocurrency, but are less convenient for frequent transactions, requiring additional steps to access funds. 3
• Hot wallets are constantly connected to the internet, providing instant access to crypto assets and convenience for everyday transactions. 4 5 However, this accessibility compromises security, making them more vulnerable to cyberattacks. 1 The optimal strategy is considered to be a combined approach: using a hot wallet for active transactions and a cold wallet for safe storage of the bulk of assets. 4 6

Conclusion:

The staking function in Exodus Wallet allows you to receive passive income from storing cryptocurrency without requiring special technical knowledge. The user delegates their coins to the validator through a convenient wallet interface, and the reward is calculated automatically and transparently, taking into account the features of each specific network 4 5 6 7 .

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Citations:

1. https://bithide.io/blog/ru/hot-wallets-vs-cold-wallets-what-is-the-difference-and-which-is-safer/
2. https://www.rbc.ru/crypto/news/671394ea9a7947877f074148
3. https://ibmm.ru/news/kriptoindustriya/holodnyj-koshelek-dlya-kriptovalyuty/
4. https://vc.ru/crypto/1830958-goryachie-i-holodnye-kriptokoshelki-kakoi-luchshe-vybrat-i-kak-sozdat
5. https://vc.ru/money/1594894-goryachie-kriptokoshelki-polnoe-rukovodstvo-po-vyboru-i-ispolzovaniyu
6. https://ecos.am/ru/blog/hot-and-cold-wallets-for-crypto/

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1. https://emcd.io/ru/articles/finansovaya-gramotnost/gde-hranit-kriptovalyutu-rossiyanam/
2. https://habr.com/ru/articles/860696/
3. https://www.kaspersky.ru/resource-center/definitions/what-is-a-crypto-wallet
4. https://futureby.info/bezopasnost-v-mire-kriptovalyut-kak-zashhitit-svoi-aktivy/
5. https://www.binance.com/ru/square/post/22724670133073
6. https://vc.ru/crypto/1791721-kak-bezopasno-hranit-kriptovalyutu-zashita-kriptokoshelka-ot-vzlomov-i-poteri
7. https://cryptocloud.plus/blog/zashchita-kriptovalyutnogo-koshelka-ot-vzloma
8. https://www.eset.com/ua-ru/about/newsroom/blog/data-protection/bezopasnost-virtualnykh-deneg-populyarnyye-ugrozy-i-sposoby-zashchity-kriptokoshelkov-ru/

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1. https://vc.ru/crypto/1895114-nadezhnye-kryptokoshelki-dlya-rossii
2. https://scand.com/ru/company/blog/best-crypto-wallets/
3. https://www.binance.com/ru/square/post/18619794638178
4. https://www.binance.com/ru/blog/ecosystem/trust-wallet-%D0%BF%D1%80%D0%B5%D0%B8%D0%BC%D1%83%D1%89%D0 %B5%D1%81%D1%82%D0%B2%D0%B0-%D0%B8%D1%81%D0%BF%D0%BE%D0%BB%D1%8C%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0%B8 %D1%8F-%D0%B4%D0%B5%D1%86%D0%B5%D0%BD%D1%82%D1%80%D0%B0%D0%BB%D0%B8%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0 %BD%D0%BE%D0%B3%D0%BE-%D0%BA%D0%BE%D1%88%D0%B5%D0%BB%D1%8C%D0%BA%D0%B0-%D0%B2-2022-421499824684903913
5. https://cryptogeek.info/ru/compare-wallets/exodus-vs-trust-wallet
6. https://sibmain.ru/news/koshelek-trust-wallet/
7. https://trustwallet.com/ru/blog/how-to-import-your-exodus-wallet-to-trust-wallet

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