What is the best Cardano wallet?
On Anycoin Direct you can either use the Anycoin Vault or have the Cardano sent to an external wallet. The choice is yours!Throughout this article, we will tell you the purpose of a Cardano wallet, the different types of Cardano wallets, the Cardano wallets we recommend and how you can use your Cardano wallet to buy or sell Cardano on the Anycoin Direct platform.
What is a Cardano wallet?
A Cardano wallet can both be physical or digital, keeps your public and private keys and connects with the ledger. The public key that your wallet contains, which also gives you a wallet address, can be compared to your Cardano bank number. You can access the balance on your public key through your wallet's private key, which is used to approve transactions in the ledger.
What kind of Cardano wallets are there?
A diversity of Cardano wallets are available for you to choose from. These differ from digital wallets that you can access through the web to highly secured hardware wallets. On the image below you can find the most popular wallets and their characteristics.
Which Cardano wallets does Anycoin Direct recommend?
How can you use your Cardano wallet on the Anycoin Direct platform?
By having created a Cardano wallet, you can now begin buying, trading or selling Cardano on Anycoin Direct. By clicking the receive button in your wallet you are able to see your Cardano wallet address, which we will ask you to enter in the flow to buy Cardano. By clicking the 'send' button in your Cardano wallet you are able to enter the Anycoin Direct Cardano wallet address, which is a required for you to sell Cardano.