What are ALT Coins in Cryptocurrencies ?

ALT Coins (Alternative coins for Bitcoin)

After the establishment of Bitcoin, a new variety and numerous coins of Cryptocurrencies came into existence. These all have individual names but all of them are collectively called as Altcoins.

Alt coins are relatively much cheaper in value when compared to BTC. This provides good agility in trading markets so that investors can easily buy and sell coins in less amounts of value.

Altcoins - All coins other than Bitcoin

Each coin in altcoins will have its own Blockchain which acts as a ledger for storing all the transactions of that coin by all users.

There are currently more than 5000+ Cryptocurrencies / altcoins as of now !

Some popular and widely used Alt coins are:

(Click on the each Coin for detailed post on that coin...)

1) Ethereum

2) Tether

3) Ripple

4) Tron

5) Litecoin

6) Dash Coin

7) Bitcoin Cash

8) Atom

and many more... Detailed posts on each of the altcoins will be updated soon... bookmark this page or remember this site (jvermaDLL.blogspot.com) for insights on cryptocurrencies for beginners.

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List of Best Hardware Wallets for Storing Bitcoins / BTC / Cryptocurrency.

The following are some of the best Hardware wallets or Cold Wallets available for storing Bitcoins or any other Cryptocurrency (Also known as ALT Coins).

1) Ledger Nano X 

• Size - 72mm x 18.6mm x 11.75mm
• Weight - 34g
• Connector - USB Type-C
• Box Contents - 1 hardware wallet, 1 USB cable, 1 getting started leaflet, 3 recovery sheets, 1 keychain strap.

Visit Website : Ledger Nano X

2) Tezor

• Available in 2 models - Tezor One & Tezor Model T
• Good Customer Support. Simple and Intuitive GUI.
• Tezor model T comes with touch screen functionality.

Visit Website: Tezor

3) Cold Card

• Only for Bitcoins. Low Cost
• Bright, 128x64 pixel OLED screen.
• Full-sized numeric keypad makes entering PIN easy and quick.

Visit Website: Cold Card

4) BitBox

• Supports more than 1000+ Cryptocurrencies
• OLED Display, Invisible Touch Sensors.
• USB type - C, Micro SD Card Back up.

Visit Website: BitBox

5) OPOLO

• Supports 120+ Popular coins
• Easy recovery process

Visit Website: Opolo

6) Cobo Vault

• 4-inch Touchscreen, Detachable Battery
• Self-Destruct Mechanism, Fingerprint Authentication

Visit Website : Cobo Vault

You might be interested in - List of Best Software Wallets 

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What are Bitcoin Wallets ? How to Store Cryptocurrency in Digital Wallets ?

As you may have guessed already, Bitcoin wallets are storage locations for your Public and Private keys. These keys are the proof that you actually own the amount of Bitcoins that exist on the decentralised Blockchain of respective Cryptocurrency

Public Key is used if someone wants to send you BTC. You will provide your public address to the sender and then the sender sends the bitcoins to your address.

Private Key is used if you want to send your BTC to other person's address. NEVER REVEAL YOUR PRIVATE KEYS TO ANYONE !! As the name indicates, they are private and nobody should have access to your private keys except you.

If your private keys are compromised, then anyone can steal you bitcoins belonging to that address.

Bitcoin Wallets are specially designed to store your keys and only you can have access to them.

There are types of wallets for cryptocurrency :

Virtual Wallets / Software Wallets:

These type of crypto wallets are online. We can sign up for wallet providing services (websites or apps) and they will create a wallet for us. Although it is safe to use virtual crypto wallets, these are considered to be less secure when compared to Hardware wallets.

Check out the list of top Software Wallets available 

You will be given a sentence of 12 words which helps you to recover your access incase you forgot/lost your password or credentials.

Hardware Wallets:

These are dedicated physical devices which are designed to store Cryptographical Keys. Hardware Wallets have strong encryption mechanisms which ensure top level security for your keys.

Check out the list of best Hardware wallets available for purchasing

Hardware wallets typically come in the form of a pendrive shaped devices.

Hardware Wallets

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List of Best Software Wallets for Bitcoin - Store BTC in Virtual Wallets.

The following are the most popular Software Wallets or Hot Wallets for storing Bitcoins securely.

1) Exodus

Best hot wallet for storing Cryptocurrencies. Available in both mobile and desktop versions.

Website : Visit Exodus

2) Coinbase

Another most popular Wallet available is coinbase

Website : Visit Coin Base

3) Trust Wallet

Trust wallet is also widely popular

Website : Visit Trust Wallet

4) Nexo Wallet

In nexo, we can stake some cryptocurrencies and interest can be earned. 

Website : Visit Nexo

These are just few in list and will be updating with complete list soon...

You might be interested in - List of Best Hardware Wallets

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