Bytecoin is a private decentralized cryptocurrency and a network. The project is believed to be the first one to implement CryptoNote hashing protocol. This hashing protocol provides absolute anonymity. So, Bytecoin is a good investment for those who are interested in the complete privacy of every transaction above all.
The network doesn't charge fees because no energy or human effort is involved in producing new coins.
Another benefit of Bytecoin is that its emission rate is dropping with time. The number of all the emitted coins is decreasing every 2 minutes. It means that every 2 minutes, the coin price’s potential is growing.
Where to Store Bytecoin (BCN)?
Some people believe that crypto coins are stored in a wallet. This is not completely correct though. The coins are stored in a blockchain. You store in a wallet your private keys that provide access to the coins stored in a blockchain. These private keys are the access to your coins.
What are the best wallets to store Bytecoins, or rather, as we have mentioned, the access to your Bytecoins? Let us check.
How to Choose BCN Wallet?
When selecting a wallet to store your Bytecoins or any other coins, pay attention to the following details:
- The wallet is developed either by the team that has developed or is working on the corresponding crypto-project (e.g., the official Bytecoin wallet is introduced by the Bytecoin team) or by a company specializing in creating wallets to store crypto.
- The security level of the wallet is high. You can check the information about it online. If you see negative feedback regarding the wallet security features, it is better to look for a different option.
- The convenience of use is another significant factor. If you don’t understand how you can use the wallet, it means that you shall check a different option.
Now, we can move to the list of the best Bytecoin wallets.
What Is Bytecoin Wallet?
The first and the most reliable option is the Bytecoin wallet. It is an official app to store Bytecoins. The app was developed by the Bytecoin team.
The Bytecoin wallet is known for being highly secure. It protects your funds with an extra password to avoid the possibility of hacking.
Along with a high security level, Bytecoin wallet offers other benefits such as:
- An integrated address book for repeated and performed transactions.
- The displaying of a total asset volume for easy tracking of income and expenditures and checking the wallet balance.
- The wallet can also be used for mining purposes, however, before using it, we recommend checking whether Bytecoin mining with a PC can bring any profit at all.
- The wallet works on devices running on Windows, Linux, Mac OS operating systems.
List of 5 Best Bytecoin Wallets in 2024
Considering that the Bytecoin team has developed their own wallet, it is not surprising that the top positions in the list will be taken by the official Bytecoin wallet. Of course, we will have a look at other options, too.
Bytecoin Wallet Android
The official Bytecoin wallet runs on all Android devices. It allows you to buy Bytecoin with Ethereum. The mobile wallet uses the same address as the web wallet does. It means that you can access your transaction history, check the balance and enjoy the entire functionality from both a desktop and a mobile device.
Bytecoin Desktop Wallet
The official Bytecoin desktop wallet is known for its superior security. It is equipped with an in-built address book that allows users to perform repeated transactions and check previous transactions. The wallet displays the balance directly on the desktop.
Bytecoin Web Wallet
The official Bytecoin web wallet is a light version of the desktop wallet. It works in the same way but it doesn`t provide users with installs of blockchain sync.
It is known that web wallets are not as secure as those for a desktop. Moreover, the Bytecoin web wallet stores all the private keys on a central server which makes it much more vulnerable to hacks.
Bytecoin Paper Wallet
A paper wallet is a cold wallet. It means that it stores your private keys offline - on a piece of paper. Setting up this wallet type is easy: you just have to reprint the private keys and keep the sheet of paper in a safe place.
Other Wallets
Along with the official wallets, you can use other wallets that support the coin. Among the most popular ones is the wallet offered by Freewallet, a known cryptocurrency wallet provider. There, you can keep around 30 most popular coins, including Bytecoin. Moreover, it provides its users with an opportunity to buy crypto with bank cards. You can also opt for any other reliable multi-currency wallet.
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