Pros and Cons of Crypto Wallets

[GloryAngel]

What are some of the Pros and Cons of Crypto Wallets? Are there security issues that users need to be aware of? Most importantly, is there a fee involved at all?

 

[Heatman]

There's no fee needed to own any cryptocurrency wallet. All that's required of you would be to complete your registration and do your KYC. The only con that's linked to crypto wallet is hack especially when you're using a wallet that's not trusted. I can remember when Crypto.com was hacked last year.

 

[Frost]

I have been using Binance cryptocurrency wallet for 6 years. I have never been disappointed with it. All my assets have always been protected with no breach at all. I trust Binance very well not to disappoint.

 

[Robertoo]

Apart from when there would be a system upgrade on Binance, I haven't had any issues or challenges using it. It's why I don't look for other wallets to make use of.

 

[Tonny]

What are some of the Pros and Cons of Crypto Wallets? Are there security issues that users need to be aware of? Most importantly, is there a fee involved at all?

Binance wallet is what I have been using for a very long time now and it's been very good. I have never had any security issues with the wallet.

 

[TeeGee]

An individual should always be careful and check for reviews on trust review sites before proceeding to trade with any exchange platform so you don't lose you Investment Capital or assets.

 

[Dori]

I know very well that there's always the most popularly used cryptocurrency wallet in every country. So, it's better to use what others and avoid getting into what you can't understand and suffer from it.

 

[Mimi]

If you make use of a cryptocurrency wallet that is not trustworthy, there is a high chance of the cryptocurrency wallet getting hacked and you losing your assets to hackers who want to steal from you.