The best Waves wallets put to the test | Review and guide

If you are looking for a wallet for the cryptocurrency Waves, then you have come to the right place. We introduce you to the safest and best Waves wallets in detail. Waves hardware wallets offer the strongest protection, but cost some money. That’s why we’re also introducing free Waves desktop wallets, which offer good protection and a simple user interface.

First, however, it is important that you have a basic understanding of cryptocurrencies and wallets. Therefore we would like to give you a short theoretical introduction to the different types of wallets. If you already know your way around, you can simply skip this part.

Wallet 101 - The basics

A crypto wallet is a virtual wallet which, in contrast to wallets for paper money, does not store the money itself, but the access keys for it. The access keys are the so-called “private keys”. Depending on whether they are stored online or offline, there are two different types of wallets:

  • Cold wallets and
  • hot wallets

These two types of wallets differ significantly in one characteristic: “connection to the World Wide Web”. Cold wallets keep the private keys offline so that they never get connected to the Internet. Therefore it is almost impossible for hackers to steal the private keys from a hardware wallet and get access to your waves.

In contrast, the Hot wallets store the private keys on a device that goes online. This means that the private keys are at least temporarily in contact with the Internet. So hackers can try to steal your private key at this point.

This clear difference is also the reason why large crypto investment companies keep their customers’ funds in cold wallets, as there is no possibility for hackers to steal the capital. In our opinion you should also consider to invest your money for a Waves hardware wallet, because only then your Waves are secured in the best possible way.You also have the possibility to create a free Waves paper wallet, where you print your private key, password and wallet address on a piece of paper. This is a good option if you don’t want to access your waves for a long time.

Hot wallets can also be divided into three additional subcategories. These differed in the medium on which the private keys are stored.

  • Waves desktop Wallets
  • Waves Mobile Wallets
  • Waves Online Wallets
What is the private and public key?
A cryptographic method, the asymmetric cryptography, is used to encrypt data in cryptocurrencies. This is characterized by the fact that a key pair consisting of a private key and a public key is used for encryption. Both keys have an important meaning.

While the private key is the access key representing the ownership of the cryptocurrency, the public key is used to generate the wallet address (is a hash version of the public key). In contrast to the public wallet address, the private key may never be passed on to third parties. If you have the private key, you can access the wallet address and send and manage the associated waves.

The best Waves hardware wallets

Hardware wallets are the best and safest way to store your Waves. Hardware wallets offer the highest security standard and the big advantage that several cryptocurrencies are supported in addition to Waves. Furthermore, the manufacturers of the hardware wallets issue regular updates so that you are always up to date with the latest security standards.

The private keys of hardware wallets are stored in a separate partition. Even when a transaction is released, the private key never leaves the wallet or is in contact with the Internet. By that, the architecture of the hardware wallet provides a powerful protection for your keys. Hackers have practically no point of attack to gain access to your private keys.

However, hardware wallets do not only provide online protection. Even if your Waves hardware wallet is stolen, you can set up a PIN and 2-factor authentication beforehand. The thieves have to overcome these two barriers in order to get access to your waves.

Overall, Waves hardware wallets offer the best possible protection currently available on the market. Therefore, in our opinion, every penny invested in a hardware wallet is worth it and protects your capital from robbers, malware and hackers.

We have listed all advantages and disadvantages of Waves hardware wallets for you:

The advantages of Waves hardware wallets:
✅ Highest security standard currently available on the market
✅ Your private keys will be stored offline
✅ More than 1,250 different cryptocurrencies are supported (Ledger)
✅ Each transaction must be confirmed manually at the touch of a button.
✅ You receive the latest security updates on a regular basis.
✅ If you have any questions, the very good customer support can be contacted

The disadvantages of Waves hardware wallets are:
❌ Hardware wallets are not free and cost money (in our opinion well invested!)
❌ No deposit insurance, as with eToro

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X hardware wallet

We have tested a total of 8 different hardware wallets and found a test winner: The Ledger Nano X. It is the successor of the Ledger Nano S and offers numerous new functions. The biggest innovation is the integrated Bluetooth function, whereby the Ledger Nano X can be used with your smartphone and functions as a mobile wallet, while offering the security of a hardware wallet.

Furthermore the security of the wallet was increased and a new security chip was installed. The internal memory has also been increased so that up to 100 apps can now be stored and used simultaneously. Also cool is that the display is larger and wallet addresses can be checked on the display without scrolling.

Bottom line: In our opinion, there is no better Waves hardware wallet at the moment that offers this level of security and functionality for the same price. We can therefore warmly recommend the Ledger Nano X to you.

Supported cryptocurrencies
The Ledger Nano X can store 1,250 cryptocurrencies in addition to Waves. Ledger regularly expands its portfolio so that new cryptocurrencies are added on an ongoing basis.
Both the setup and the operation of the Ledger Nano X is child’s play, so that the wallet is also ideally suited for beginners.
Transparency & fees
The Ledger Live software provided by Ledger is open source and can therefore be viewed by everyone. However, the code of the device is kept secret.

The fees per Waves transaction are displayed clearly and transparently. There are only the fees for the use of the Waves Blockchain, Ledger itself does not charge any fees.

Ledger’s technologies are considered high class and as a absolute benchmark. Accordingly, there are numerous companies that have entered into a cooperation with Ledger (Neufund, or Switcheo). Tech giant Samsung also announced a USD 2.6 million investment in the company in April 2019.

The Bluetooth function used is safe, even if there was a big outcry in the crypto community at the beginning. Ledger immediately clarified that only non-critical data is transferred and that the private key and the recovery seed are never compromised. In addition, every transaction must be confirmed at the push of a button, so that theft is virtually impossible.

2.Ledger Nano S

Ledger’s first hardware wallet, the Nano S, has sold more than 1.3 million copies worldwide. This clearly shows the strong security and quality of the Waves hardware wallet. We have been using the Ledger Nano S for several years now and are completely satisfied with it. To date, there are no documented attacks by hackers in which cryptocurrencies could be stolen.

Another advantage of the Nano S is the very low in price – currently 59€. If you don’t need the new features of the Nano X, then the Ledger Nano S is the perfect Waves hardware wallet for you.

Supported cryptocurrencies
The Ledger Nano S also uses the Ledger Live Software and supports more than 1,250 different cryptocurrencies. Unfortunately only 5 Apps can be installed at the same time and thus 5 cryptocurrencies can be administered at the same time. However, apps can be uninstalled and reinstalled without further problems. Your cryptocurrencies are not lost!
The setup and operation of the Nano S is very simple and intuitive. This makes the wallet ideal for beginners. A transaction is released using the two buttons on the device. The Ledger Live App also allows you to view the development of your portfolio in real time. 
Transparency & fees
The software Ledger uses is open source and therefore completely transparent and can be viewed and checked by anyone. Nevertheless, the hardware code is kept secret for security reasons.

No further fees shall be incurred for the use of the wallet. There are only the normal network fees of the blockchain, which are very low with Waves.

Ledger’s technology is considered to be the best and is also used by well-known companies for the safekeeping of customer funds. Samsung announced an investment of more than USD 2.6 million in the company in April 2019

3.Trezor Model T

Like Ledger, Trezor presented the new Model T in May 2019, which is the successor of the Trezor One. Compared to its predecessor, it offers significantly more functions and better security. In addition, the Trezor Model T supports many more cryptocurrencies via the Trezor Bridge software. The new functions and features include:

  • 4 inch touch screen: The Trezor Model T comes with a color touch screen where transactions must be confirmed and the PIN must be entered.
  • Firmware upgrade: The Trezor Core software has been completely renewed and made more secure.
  • Upgrade of the processor: A much faster processor was installed, so that the operation runs even smoother.
  • Micro SD card slot: Trezor has built in a micro SD card slot that can be used for data encryption, for example.
  • USB-C port: The old USB port has been replaced by the new USB-C industry standard.

Bottom line: The Trezor Model T is one of the best Waves hardware wallets on the market. It provides comprehensive protection so that your waves are stored offline and no one has access to your private keys. Only the price is slightly higher in a competitive comparison. However, the Trezor Model T offers excellent quality.

Supported cryptocurrencies
Trezor has revised its own software so that now more than 50 coins can be managed directly via Trezor Bridge. In total Trezor supports more than 1,100 different cryptocurrencies, but some require third-party software such as MyEtherWallet. A complete list of all supported cryptocurrencies can be found at this link.
The operation as well as the setup is very easy, so that the Trezor Model T is also suitable for beginners. 
Transparency & fees
The use of Trezor software is completely free of charge. There are only the normal network fees for the use of the Wave Blockchain.

All fees and costs incurred are transparent and clearly presented. The fees are displayed before a transaction is sent. Depending on the priority of the transaction, a higher fee may apply.

Trezor is one of the oldest manufacturers of hardware wallets worldwide. This is evident not only in the quality of the workmanship, but also in the safety. Trezor hardware wallets are among the best in the industry.

The best Waves desktop and mobile Wallets

Both desktop and mobile wallets belong to the hot wallet category, as your smartphone and PC are temporarily connected to the Internet. This brings the private keys into contact with the World Wide Web. However, both desktop and mobile wallets are more secure than web wallets. The private keys are not stored on a central server or in the browser, but on the device you are using.

The big advantage of mobile Waves wallets as well as desktop wallets is that they can be used free of charge. So there are no acquisition costs for the purchase, as e.g. with the hardware wallet. The following overview shows you the advantages and disadvantages of Waves desktop and mobile Wallets:

The advantages of Waves desktop and mobile Wallets:
✅ You have full control over your private keys
✅ You can access your Waves from anywhere with an Internet connection.
✅ Significantly better security than with a web wallet
✅ Securing the wallet with a password and a 2-factor authentication
✅ Multi-coin wallets support over 100 cryptocurrencies

The disadvantages of Waves Desktop- and mobile Wallets:
❌ The wallets are temporarily connected to the Internet (potential target)
❌ Good security, but worse than hardware wallets
❌ It is your own responsibility to install updates regularly.
❌ There is no deposit insurance as some brokers offer (e.g. eToro).

In the following we present you the best Waves wallet for a serious desktop as well as mobile Waves Wallet:

Best Waves desktop and Mobile Wallets
  1. Waves official desktop and Web Wallet
  2. trust wallet
  3. Atomic Wallet
  4. Exodus Wallet

1.Waves official desktop and web wallet

The Waves web wallet is also available as a desktop version and offers a direct connection to the decentralized exchange Waves DEX. This decentralized exchange offers trading for BTC, ETH, LTC, XRP, as well as several other crypto- and fiat currencies. The charts are provided via the Tradingview API.

The trading fees on the DEX are very low and, compared to centralized exchanges such as eToro or Binance, are particularly low. The wallet does not have to be set up, but a simple registration on the official website of the exchange is sufficient. Waves recommends using the desktop wallet as this version is more secure than the Web wallet.

The private keys are stored on your PC or computer when using the desktop wallet. That way nobody but you has access to the private keys. Both the desktop and the web version of the wallet are simple and clearly structured. However, the operation of the exchange can be somewhat complicated for beginners and requires some training. The wallet is also available in several languages (DE, EN, FR, ES).

We recommend that you use the Waves desktop wallet if you do not want to purchase a hardware wallet. This gives you the best possible protection with a free Waves wallet. You can register or download an account and the wallet on this page.

Supported cryptocurrencies
Both the web and the desktop wallet support Waves and other prominent cryptocurrencies like BTC, ETH, LTC, XMR, DASH, Ergo and many more.
Registering an account, as well as downloading and setting up the wallet is very easy and fast. Due to its intuitive operation and clear user interface, the wallet is also ideal for beginners. Only the operation of the exchange is a bit complicated at the beginning and requires training time.
Transparency & fees
The software is open source and available on GitHub. There are no fees whatsoever for the use of the exchange or the wallet. There are only trading fees and network fees for the use of the respective blockchain charged.
The security of the desktop wallet is very good because your private keys are stored locally on your PC/computer. When using the Web wallet, you transfer the management of your private keys to the exchange and thus also the responsibility. To date, there is no known hack to Waves DEX, but you should always remember that using a desktop wallet is much safer than using a Waves Web wallet. 

2.Trust Wallet (Waves mobile wallet)

Trust wallet Tron

The Waves Trust wallet is a mobile wallet that is available for both iOS and Android. The wallet is provided by Six Days LLC (US Office) and is available in 10 languages (Spanish, French, German, Italian, Arabic, Japanese, Russian, Traditional Chinese, Simplified Chinese and Vietnamese).

Besides Waves, the wallet supports more than 42 different cryptocurrencies and more than 2,000 ERC20 tokens. The name of the wallet “Trust” is intended to reflect the fact that great importance was attached to security and anonymity in the development of the wallet. The wallet has been tested by the security company Stateful. The complete documentation can be found on the company’s website.

The code of the wallet is open source and can be viewed and checked on GitHub. The private keys are stored locally on your phone, so only you have access to them. The wallet can be classified as secure and trustworthy overall. In addition, the wallet offers a whole range of other features:

  • Decentralized exchange: Trust wallet works together with the Kyber Network. Kyber’s decentralized exchange is integrated into the wallet, so you can trade cryptocurrencies from within the wallet.
  • TouchID and FaceID: The wallet can be protected with a simple password. It is also possible to activate TouchID and FaceID to additionally protect the wallet.
  • “Watch function”: The current account balance can be viewed without the private keys being connected to the Internet.
  • Real-time Portfolio Tracker: The entire portfolio can be viewed in real time.
  • Push notifications: You can set up a notification that informs you immediately when a transaction has been made.

You can download the wallet on this page for Android or for iOS.

Supported cryptocurrencies
In addition to waves, the wallet also supports well-known cryptocurrencies such as BTC, ETH, XRP (a total of 42 coins) and over 2,000 ERC20 tokens. 
The installation and setup of the wallet is very easy. In addition, the user interface is designed intuitively so that the wallet is also ideal for beginners.
Transparency & fees
There are no fees for using the wallet, even the download of the app is completely free of charge. There are only fees for trading and sending transactions. These differ depending on the cryptocurrency used. In the case of Waves, these are very cheap (not even a penny).
No personal data is requested or stored during registration. The private key is stored locally on your phone, so no one but you has access to it. The wallet has even successfully passed a security audit so that it can be classified as secure and trustworthy.

3.Atomic Wallet

Atomic Wallet

The Atomic wallet is a multi-coin-wallet that supports Waves and more than 300 different cryptocurrencies. One reason for the popularity of the wallet is the high security and that the wallet is published by the founder of Changelly. The programmers have attached great importance to three pillars of the crypto market:

  • Security,
  • Anonymity and
  • Decentralization.

Both the private key and the transaction data are stored encrypted on your computer or smartphone. No one, not even a third party, has access to your private keys. These are also not stored on a company server. In addition, the Atomic wallet supports, as the name suggests, Atomic Swaps. This allows cryptocurrencies to be exchanged peer-to-peer without third parties, such as an exchange, being involved. However, this service is not available for all cryptocurrencies. The Changelly or ShapeShift Exchanges are available for these cryptocurrencies. Otherwise there is a fee between 2 and 5% for use.

You can download the wallet from the official website. It is available for Windows, Mac, Ubuntu, Debian and Fedora. There is also a mobile version, both for iOS and Android.

Supported cryptocurrencies
Currently the wallet supports more than 300 different cryptocurrencies, including waves and all ERC20 tokens.
The setup and the installation are very simple and intuitive, so that the wallet is especially suitable for beginners. The wallet can be set up with just a few clicks.
Transparency & fees
The Atomic wallet is a project that has been strongly promoted by the community using open source libraries, block explorers and other components. In order to guarantee the security of the wallet, part of the software code is kept secret.

There are no fees for the use of the wallet. Only the fees for the use of the Waves Blockchain are incurred, which can be classified as very low.

No personal data is requested for the use of the wallet. All data is encrypted and transmitted anonymously. The private keys are stored on your PC or smartphone. You can also set up a recovery phrase to restore the wallet in an emergency (if your PC or mobile phone breaks down).

4.Exodus Wallet

Exodus Wallet

The Exodus Waves wallet is a very popular wallet that supports more than 100 different cryptocurrencies. Exodus is one of the oldest wave wallets on the market and was released in July 2016. Since then it has been continuously improved, further developed and new coins added to the portfolio. In addition to the normal wallet services, Exodus offers the following additional functions:

  • Portfolio tracker that supports over 30 different Fiat currencies.
  • Integrated exchange service from Shapeshift, which allows many cryptocurrencies to be exchanged directly.

The Exodus wallet offers good basic security. Your private keys are only stored locally on your PC. This means that only you have access to your private keys and no third party. The user interface is very simple and intuitive, so that the wallet is also suitable for beginners. Nevertheless, there are also two points of criticism which we do not want to withhold from you:

  • Backup function via e-mail: You have the possibility to create a backup of the wallet. All data will be sent to you by mail. This provides an attack point for hackers, as e-mails can be easily intercepted and the content misused.
  • No 2-factor authentication (2FA): Hackers “only” have to intercept your password with a keylogger or malware and then have immediate access to all your cryptocurrencies.

The Exodus Waves wallet offers a basic security with the described disadvantages. If this is not a problem for you, you can download the wallet from the official website (click here!). The wallet is available as desktop version for Windows, Mac and Linux. There is also an app for iOS and Android users for free download.

Supported cryptocurrencies
The Exodus wallet supports Waves and other prominent cryptocurrencies such as Bitcoin, ETH, LTC, XMR, BNB, XRP and a large number of different ERC20 tokens.
The wallet is very popular in the community because of its intuitive and clear interface. The wallet can also display your portfolio in over 30 different fiat currencies.
Transparency & fees
The wallet’s software is not open source, so users of the wallet must trust the developers that they have secured the exodus “rock solid”.

There are no additional fees for the use of the wallet. Only the fees for the use of the Waves Blockchain or with Bitcoin or other currencies also the network fee. If you want to use the services of Shapeshift, you have to pay between 2 and 5% depending on the currency.

When you start the Exodus wallet for the first time, you will be prompted to create a recovery phrase (consisting of 12 words). In case of a defect of your PC you can restore the wallet with it. The private keys, as well as the transaction history is encrypted, only stored on your PC.
Desktop and mobile wallets offer much better protection than web wallets because the private key is stored locally on your device. Only you have access to it. Nevertheless, hardware wallets offer the best possible protection for your waves.

Because your smartphone and PC are (probably) permanently connected to the Internet, you need to install an up-to-date anti-virus program and make sure that your device is free of viruses or malware. Hackers can try to steal your private keys via a Trojan or track your password via keyloggers. That’s why using security software on your smartphone or PC is necessary and very important.

If you are looking for a desktop wallet with an integrated exchange, we recommend using the official wallet of Waves. If you want to use a multi-join wallet to store multiple cryptocurrencies, take a closer look at the Atomic wallet or the Trust wallet.

Waves Online Wallets

Online wallets offer an easy and reliable way to store your Waves. The best known online wallets are exchange wallets. In doing so, you completely hand over the responsibility for managing your private keys to the exchange and have to trust it to take care of it as best it can.

Exchange wallets offer a good protection and often the possibility to set up an additional security level in the form of a 2-factor authentication. However, exchanges have often been the target of hacker attacks in the past. In the process, millions of cryptocurrencies were stolen and the victims were normally not compensated.

The advantage of exchange wallets, however, is clearly their ability to actively trade in cryptocurrencies, as well as a very simple setup and installation. Normally, registration of an account with the relevant exchange is sufficient for this. In some cases, however, personal information may need to be disclosed (under the KYC and World Anti-Money Laundering Directives).

In the next table we have compiled the advantages and disadvantages of Waves online wallet:

The advantages of Waves online wallets:
✅ You can access the wallet from anywhere where an Internet connection exists
✅ Exchange wallets offer the advantage that you can trade directly out of the wallet.
✅ No installation or cumbersome setup, simple registration on a website
✅ You can define upper payout limits.
✅ Good customer support and a simple and intuitive user interface
✅ Many different cryptocurrencies are supported, besides Waves

The disadvantages of Waves online wallets:
❌ Significantly lower security standard than hardware, desktop and smartphone wallets
❌ You do not have access to your private keys
❌ Greater likelihood of hacking or phishing attacks
❌ There are quite a few that turned out to be SCAM afterwards

The best Waves Online Wallets
  1. Waves online web wallet
  2. Binance
  3. Bitpanda
  4. Waves wallet light client

1.Waves Online Web Wallet

The already introduced Waves desktop wallet is also available as web wallet. The client is also connected to the decentralized exchange Waves DEX. Accordingly, you can also trade cryptocurrencies such as BTC, ETH, LTC, XRP, as well as some other crypto and fiat currencies.

The use of the exchange is free of charge. There are only trading fees if you trade cryptocurrencies on the Exchange. Registration is completely free and fast. No personal data will be requested or stored. The Web wallet can be used anonymously. Be aware that you have no access to your private keys and delegate the responsibility to the exchange. If the market gets hacked, you’re not entitled to any damages.

If you want to test yourself on the exchange, you can register an account on this page.

Supported cryptocurrencies
The Web wallet as well as the desktop wallet supports many well-known cryptocurrencies like BTC, ETH, LTC, XMR, DASH, Ergo and many more.
The registration or the setup of an account of the web wall is completely free of charge and fast done. The actual operation of the exchange is not quite easy for beginners. Training time is required to fully understand all functions of the exchange. 
Transparency & fees
The exchange does not charge extra for the storage of Waves. Only if you trade with cryptocurrencies or send transactions, you will have to pay small fees.
The security of the web wallet can be classified as good. Be aware, however, that you have no control over your private keys, but must trust the market. In the case of a hack, there is also no deposit protection, as is the case with eToro, for example.

2.Binance wallet

Binance Wallet

If you want to keep your Waves online, there are a number of exchanges to consider. Binance is one of the most popular and secure cryptocurrency exchanges worldwide, which also offers the safekeeping of Waves. Furthermore, you can trade and store over 150 additional cryptocurrencies on the exchange.

Be aware, however, that you have to give up control over your private keys to the exchange and trust the exchange as well as your employees. Exchanges are a popular target of hackers, so Binance was also targeted in May 2019 such an attack in which a total of 7,000 BTC were stolen. Binance is nevertheless considered safe. However, the example is intended to demonstrate the vulnerability of exchange wallets.

In this incident, Binance compensated the users of the platform completely out of their own financial reserves: however, in an emergency you cannot count on this. That’s why you should think twice before investing your money in a hardware wallet.

If you would like to create an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Binance offers a wallet for every cryptocurrency offered, including waves. The storage of Waves on the exchange is completely free of charge.
The operation of the exchange can be a small challenge especially for beginners. We explain in our detailed Binance review how the exchange works in detail.
Transparency & fees
The use of the wallet is completely free of charge. Only if you trade with cryptocurrencies or if you send transactions, there is a fee. Find out how you can effectively save trading fees in our Binance Review.
Binance is considered one of the safest wave exchanges in the world. Nevertheless, you should only store your waves on the exchange as long as you actively trade them. hardware wallets or desktop wallets offer a significantly higher level of security.

3.Bitpanda Wallet

Bitpanda is an exchange from Austria, which is subject to the regulation of the Austrian financial supervision. Bitpanda can thus be classified as particularly safe and reliable. Bitpanda offers trading in more than 20 different cryptocurrencies, including Waves.

In order to be able to use the exchange, however, the input of personal data is necessary. This is required under the KYC Directive within the EU. The use of the exchange as well as the registration is completely free of charge. Be aware, however, that you do not have access to your private keys, but delegate responsibility to the exchange.

The exchange is available in several languages (DE, FR, EN). We have had very good experience with the market. You can read our complete review here (click!).

You can create an account on the official site by clicking* (click!) on this link.

Supported cryptocurrencies
Bitpanda supports Waves and the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGo, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether, USD Coin, Cosmos, TRON and Basic Attention Token.
The registration is a bit more complex than at other exchanges, because personal data have to be collected. However, this process does not take longer than 10 minutes. The operation of the exchange is simple and understandable, so that even beginners will quickly find their way around the exchange.
Transparency & fees
The use of the exchange is completely free of charge. No fees are charged for storing Waves and cryptocurrencies. Fees are only charged for trading and sending transactions. The fees are listed transparently and can be viewed.
Your private keys are managed by the Bitpanda exchange, so you have to trust the exchange as well as the employees. To date, there is no documented case of a hack on the Waves exchange. Nevertheless, both desktop and hardware wallets offer much better protection.

4.Waves Lite App (Chrome browser extension)

The Waves Lite client connects to public wave nodes to retrieve current information from the blockchain. There are all the options that a classic wallet also offers. Addresses can be created, transactions managed and sent. Your private keys are stored in the Chrome Browser and never leave your PC or computer. However, hackers potentially have an “easier” way to intercept your private keys and steal your waves with a phishing program or malware.

You can download the extension here.

Supported cryptocurrencies
Only the cryptocurrency Waves is supported.
The setup and installation is not very difficult. Nevertheless, for security reasons we recommend beginners to use one of the wallets mentioned above.
Transparency & fees
The use and download of the wallet is completely free of charge. Only the normal network charges apply for sending transactions.
Your private keys are stored in your browser and thus online. Safety is correspondingly low. Waves hardware wallet as well as desktop wallets offer a much better protection.
Waves Exchange wallets as well as Online wallets offer the advantage that setup is quick and easy. In addition, you can trade cryptocurrencies directly via exchange wallets, without further detours. Be aware, however, that you do not have access to your private keys, but that they are managed by the exchange or by the web wallet provider. Exchanges are popular attacks for hackers, as explained earlier.

Important information about the Waves wallet test

We have compiled this information to the best of our knowledge, using our own tests and hours of research. However, you should get more information and try some wallets to find the wallet that suits you best.

If you have any questions, suggestions or criticism about our Waves wallet review, please feel free to write us a comment. We’ll be glad to help you. In addition, we would of course be very happy if you would rate our post. Just click on the stars at the end of the post.

Connect with Collin Brown on X (Twitter) for valuable market insights and frequent updates!
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About Author

Please follow me on Twitter for deep analysis. Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.

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