While Helium Network Tokens (HNT) can be stored on Helium’s own platform, the latest report explains why this may not be the ideal solution for coin miners and traders, and proposes several alternatives.
More information is available at https://heliumaxxent.com/best-helium-crypto-wallet
The new resource covers mobile, hardware, hot, and cold wallets, as well as the Helium app to provide a detailed overview of all the options available to HNT token holders.
The surge in popularity of cryptocurrencies has seen more and more people opening various crypto wallets to protect and store their assets. According to a recent study, as of August last year, nearly 80 million people have set up a Bitcoin wallet – that is 31% more users than the previous year.
Helium Axxent’s report is an in-depth analysis of the different wallets available to HNT miners and holders.
A blockchain-based network for the Internet of Things (IoT), the Helium Network is an innovative project that enables individuals to host radiofrequency hotspots. These nodes rely on a wireless gateway and mining to provide connectivity for the IoT, thus distributing HNT tokens to the miners. Those tokens can be safely kept on the Helium app, which is a good option for those who don’t require a lot of flexibility.
However, for those who want to diversify their portfolio and maximize the value of the HNT tokens, the primary Helium wallet might not be enough. As stated in the report, a second wallet – be it a hardware one like Ledger, or a software wallet such as Coinbase – can provide degrees of security, greater liquidity, and help hedge against volatility. The author covers some of the most well-known cold and hot options on the market including Robinhood, EToro, Binance, and Overbite.
HNT miners and token holders can compare the wallets to determine which combination best suits their needs. While the Helium app may be the easiest and safest choice for those who don’t wish to trade tokens, a combination of the app and a Bitcoin or Etherium-friendly wallet will meet the needs of most traders.
To read the full report, please visit https://heliumaxxent.com/best-helium-crypto-wallet
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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