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What makes a multi-currency crypto wallet worthwhile?

Originally, cryptocurrencies were treated with skepticism. However, today they are incredibly popular. This is evidenced by the growth rate of the market capitalization of altcoins, which has long exceeded the similar indicator of Bitcoin. This is reflected in a steadily declining dominance index of the first cryptocurrency. There are a lot of cryptocurrencies, and the capitalization of some of them exceeds $1 billion. Many cryptos are interesting not only because of the technology and the idea behind it, but also because they are attractive assets for portfolio investment.

A natural question arises – where is the best place to store various digital assets? Cryptocurrencies are considered a good investment that can bring great dividends in the future, so safe storage is a priority for investors. There are several storage options, but it is easier to use a multi-currency crypto wallet. Learn about the strengths of a Stormgain’s multi-currency crypto wallet, and you will not have any doubts about the reliability of such a storage method.

Why is it inconvenient to have a separate wallet for each cryptocurrency?

Some users install a separate wallet for each cryptocurrency. This approach undoubtedly provides a secure way to store cryptocurrencies, as each of these wallets gives you control over your private key. If the private key is stored in a secure location (e.g., written on paper and/or stored on a flash device that is always offline), you can be 100% sure that your digital savings are safe. However, this method has some drawbacks. First of all, a lot of scattered wallets is inconvenient. Secondly, for each of them you need to save a unique key phrase (which will be a private key). As many cryptocurrencies as there are unique phrases. If you lose one of them, you will also lose all the cryptocurrency from the corresponding purse.

Anonymous Stormgain multi-currency crypto wallet

Multi-currency crypto wallet by Stormgain was created within the framework of the exchange of the same name, registered in the Virgin Islands in 2019. The development of a reliable crypto wallet became part of the project’s vast ecosystem. Stormgain’s multi-currency crypto wallet – one of the most beneficial methods of storing crypto. The most important advantage of Stormgain is the ability to work anonymously with cryptocurrencies. To start using a Stormgain multi-currency crypto wallet, it is enough for a user to register simply by entering an email address.

Stormgain

Crypto wallet functionality and commissions

Stormgain supports six cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether and XRP. The platform supports up to 11 languages. There is a mobile version of the wallet for Android and IOS. Stormgain has a service of buying cryptocurrencies for a fiat using a bank card. Moreover, the exchange offers a bonus for deposits with interest rates up to 12% on stored funds in a crypto wallet.

For a withdrawal cryptocurrency Stormgain charges 0.1% of the amount of the operation. There is no commission for adding funds to your wallet. In addition, you should take into account that each cryptocurrency has its own input and output limits. You can find more details on a fees and limits page, for your convenience check information below.

crypto wallet

Fees and limits for deposits/withdrawals.

Conclusion

Convenient and functional multi-currency crypto wallet Stormgain is available to everyone immediately after registration. It will help investors and traders to safely store their cryptocurrencies in an anonymous and reliable way.

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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