Because the security and ownership of your tokens and coins matters the most!
Thank you for your interest in this article, if you like the content feel free to Subscribe, clap and share it.These are the best Cardano wallets to manage your ADA, Cardano tokens, NFTs. Connect to use Cardano DApps like DEXs and more! They also enable you to stake your ADA (delegate to Cardano stake pools) and to *vote participating in the Cardano governance.
*In Cardano, every token holder holds a stake in the network, and is entitled and incentivized to vote on proposals to develop or upgrade the blockchain and ecosystem.
What is Cardano?
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
Cardano blockchain is home to ADA (₳) cryptocurrency, which apart from being its native currency, it’s also the gas that fuels the protocol.
What is a Cardano wallet?
A Cardano wallet is a cryptocurrency wallet that allows you to send, receive, store, and manage your Cardano (ADA) cryptocurrency.
Cardano wallets are available in software, hardware, online, and application platforms. It offers robust security for cryptocurrency transactions.
Cardano native wallets enables you to manage the Cardano tokens, native assets (fungible) and Cardano NFTs (non-fungible tokens). Some mostly multicurrency wallets have the built-in exchanges so you can also buy or exchange ADA.
With so many security threats in the cryptocurrency world it’s very important to use a safe Cardano wallet, meaning that leaving your ADA on exchanges may not be a good idea as it puts it in danger of being stolen through hacking (It doesn’t mean it will happen, but it is always a risk). Plus, you´ll be missing on the opportunity to get ADA rewards through staking it.
Beside, the exchanges are usually in custody or ownership of your wallets private keys.
