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Best Cryptocurrency Wallet 2018 list.

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Here is a list of some of the most predominant and best cryptocurrency wallet that one can opt for, in order to secure their cryptocurrencies

Listing some of the Best cryptocurrency wallets of 2018.  

Opening thoughts

Cryptocurrency space is highly vulnerable to attacks by the hackers. Specifically, the centralized cryptocurrency exchanges where the users use that to trade their cryptocurrencies is the main point of interest for the hackers as the amount is readily made available for them. A number of incidents have been witnessed in the past, for instance, MtGox and Coincheck hack are two of the most prominent hacks of all time that the Crypto domain has experienced.  Let look at the best cryptocurrency wallet list of 2018.

 

Safeguard your investments by choosing the right and best cryptocurrency wallet

Therefore it is highly recommended that the user transfer their cryptocurrency funds through their exchange’s account to a safe wallet. Specifically, the hardware wallets are preferred over the web-based wallet as the user would gain total control of his or her funds. Below is a list of some of the most predominant and best cryptocurrency wallet that one can opt for, in order to secure their cryptocurrencies.

 

1. Atomic Swap Wallet

The multi cryptocurrency Wallet is highly secure in nature as it provides high levels of anonymity. The cryptocurrency wallet is completely decentralized in nature and available for the operating systems like Windows, Mac, and Linux OS. It is one of the best cryptocurrency wallets as it uses the world’s first distributed form of Technology, BitTorrent for its distributed order book services. In order to become the cross-chain custody free, the cryptocurrency wallet inherently adopts the atomic swap Technology as the name suggest.  

An instant exchange option is also made available to the customers of the best cryptocurrency wallet through Changelly and ShapeShift. It is one of the best custody free solutions as the users absolutely need not worry about the security and reliability of the cryptocurrency wallet. The multi cryptocurrency wallet supports more than 300 varieties of cryptocurrency and most importantly any form of ERC 20 tokens can also be stored effectively within the cryptocurrency wallet. The peer to peer order book based on the Bittorrent technology is executed by powering it with the Blockchain Technology.

2. Citowise

Citowise, The second best cryptocurrency wallet provides high levels of anonymity but the process of validation is centralized in nature unlike the first one, which was absolutely decentralized. The global access to the cryptocurrencies is made available through the multi cryptocurrency wallet for both the business as well as the private investors. The user interface provided by the second best cryptocurrency wallet is very simple and requires no technical knowledge and also the process of trading is made easier with the integration of the wallet with various Crypto exchanges.

 

3. Infinito Wallet

Infinito, The third one of the best cryptocurrency wallet provides medium levels of anonymity and interestingly is open source in nature. The multi cryptocurrency wallet supports a huge spectrum of Cryptocurrencies like Bitcoin, Bitcoin cash, Ethereum, Ripple, Dogecoin, etc and the list doesn’t end there, as it even supports various protocol based tokens like ETH ERC20 and NEO NEP-5 and further features are to be added very soon.

 

4. Qiao Network

The fourth best cryptocurrency wallet supports multiple forms of cryptocurrencies and provides high levels of anonymity to its users. It also provides a cross chain platform to its customers. The cryptocurrency wallet strives to open gateways for the usage of cryptocurrencies, in other words, it strives to democratize its usage among the public masses. The cryptocurrency wallet is one of the best one in the market, but it doesn’t seem to have options for two-factor authentication. The Crypto wallet is also not released as an open source. However using some of the best cryptocurrency Wallets, the users gain complete control of their funds.

 

5. Enjin Wallet

Enjin; one of the best cryptocurrency wallet uses a centralized methodology in order to validate the transactions and interestingly it provides high levels of anonymity to secure all its transactions from the illicit activities. Specifically, the cryptocurrency wallet is a mobile-based application which effectively converts your mobile phone into a hardware wallet. The cryptocurrency wallet is extremely simple to use and highly secure, as it incorporates a special keyboard in order to develop a sense of trust and reliability among its customers.  

 

Therefore, these are the some of the best cryptocurrency wallets that one can choose to rely upon in order to safeguard their interest from the outsiders.  

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#Bitcoin

Donald Trump policies push Mexico to Bitcoin

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Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.

 

Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.

 

98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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Bitcoin Crashes Downwards: Is BTC Going to Fall Back to $4000?

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Bitcoin fell down to test the $5000 support level. If the current support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels.

Bitcoin fell down to test the $5000 support level which is the most crucial level for BTC currently. The downward correction started after bitcoin tested the $5500 resistance level yesterday at around 18:00 UTC.

 

The resistance around $5500 proved very strong and pushed the price downwards sharply. The sharp declining pattern attracted a lot of sellers which even pushed the price below $5200 support level and BTC tested the $5000 support reaching up to $5018.

BTCUSD Price Chart- Coinbase

BTCUSD Price Chart- Coinbase

Bitcoin is currently trading around $5070 (at the time of publication) showcasing a bearish pattern.

 

Bitcoin Price Drop:

The sudden price drop has led to people speculating that BTC might soon crash back to the $4000 range. Earlier, analysts were also predicting the sudden rise of bitcoin to be a conspiracy. Also, Bloomberg had also called the sudden rise a Blip. If BTC had successfully crossed over the $5500 range, the next major resistance was around $5800, however, BTC fell sharply losing more than $400 in value over the last 24 hours.

 

The bearish move does not clearly indicate a crash towards $4500 and $4000 range, however, if the current major support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels. With the price of bitcoin falling, other major altcoins are also in the red zone today with Ethereum falling more than 8% in the last 24 hours, XRP falling more than 6% and Litecoin falling around 12% in the last 24 hours.

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China to completely ban crypto mining: Bitcoin about to Crash Hard?

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As reported by Bloomberg, China is moving towards putting a complete ban on mining bitcoin and other crypto as it causes serious wasatage of resources.

As reported by Bloomberg, China is moving towards putting a complete ban on mining cryptocurrencies such as bitcoin. In accordance to a document posted by the National Department and Reform Commission of China, the mining of cryptocurrencies should be completely banned as it causes serious wasatage of resources.

 

China is known to be the largest hub of cryptocurrency mining with huge mining rigs been set up in the country. Earlier, China has also banned small investors to invest in security token offerings or STOs and only large investors with more than $1 million funds are allowed to invest in such projects. Now, the country is planning to take strict action against cryptocurrency miners in the country.

 

Cryptocurrency miners were earlier attracted to China due to their cheap electricity rates and subsidies in the country, however, due to the strict actions being taken by the government with the guidelines of the NDRC which has disincentivized cryptocurrency mining, a lot of miners have shut down their operations or moved to other nations.

 

Largest Mining Pools in China:

China has been a hub for some of the largest cryptocurrency mining polls. Even though the mining pools have been shifting to other countries, there has been some effect of the ban on the market for bitcoin and other cryptocurrencies as the mining is a major part of the overall working of cryptocurrencies.

 

How do you think the complete ban on cryptocurrency mining in China will effect the bitcoin price? Tell us in the comments section below.

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