A crypto wallet is a digital account that stores your crypto assets, such as Bitcoin and Ethereum. These digital accounts have a unique address that you share with others when sending or receiving cryptocurrency. Crypto Wallets Canada interfaces with the blockchains of various cryptocurrencies and provides you with access to decentralized applications (dApps). A good cryptocurrency wallet should offer a high level of security, user-friendliness, and accessibility.
Best Crypto Wallets in Canada to Safeguard Your Assets
There are several types of wallets for crypto assets, including hot and cold wallets. Hot wallets are connected to the internet and are more susceptible to hacks, while cold wallets are not. The best wallet for you depends on your needs and level of crypto investment.
For example, if you intend to trade regularly, you might prefer a wallet that offers a regulated exchange with low fees. Coinsquare is one of Canada’s most trusted exchanges and supports a number of cryptocurrencies. It also has a mobile app and offers a wide range of features for the average investor. However, it is not a custodial wallet and may not be covered by the federal and provincial/territorial deposit insurance plans.…