Created by one of Ethereum’s founders, Gavin Wood, the Polkadot network is a next-generation blockchain protocol. It aims to connect multiple chains in a single network. In 2020, the Polkadot project had a huge boom, so people started talking about it. Since the popularity of DOT has increased, there is a high demand for the Polkadot wallet.
This article will explain the basics of the Polkadot network and cryptocurrencies and show the best places to store your Polkadots and keep them safe and sound. also read our article about.
Also read: the best wallets for cryptocurrenciesAbout the Polkadot cryptocurrency
The Polkadot cryptocurrency was launched in 2016. Almost immediately in 2017, the developers conducted an ICO, and raised nearly 500,000 ETH by selling five million DOT coins.
Polkadot is an aggregate set of validators that leverage heterogeneous fragments. Its blockchain consists of three main parts:
- The main relay chain, or the Polkadot blockchain itself.
- Parallel chains that mint and transfer tokens and also connect to external chains through bridges.
Polkadot wallets to store your DOT coins
A wallet is a place to store, transfer, and receive your DOT coins. Some wallets offer you the platform to bet cryptocurrencies or even vote for governance. There are many wallets for DOT currency. Mobile, web, desktop, and hardware devices are available for various platforms. Parity Signer
Parity Signer is an open source mobile crypto wallet available for both Android and iOS. The wallet is designed to be used offline. Without the network, you can create and manage an account, scan transactions with QR codes, review and sign them. The wallet can generate and store multiple private keys.
Polkawallet is a multi-wallet for Polkadot, Acala, Kusama and many other digital assets. This wallet allows us to view blocked, reserved, linked assets and transfer any of them to any account with a QR code.
It is easy to bet the DOT cryptocurrency for validators and nominators because of the colorful graphs and history of each validator. Polkawallet also allows users to participate in the governance of the particular token. The app will send a notification for each referendum or proposal made. Mathwallet
Mathwallet is a cross-platform cryptocurrency wallet that allows users to store BTC, ETH, ERC-20 tokens, Cosmos, Polkadot, and more. The wallet is very accessible from any device you want because it is compatible with iOS and Android, and you can use it as a Chrome extension or a web wallet. There is a News tab where you can get all the news of the app. Lunie Wallet
The Lunie wallet is very similar to Polkawallet. This is an open-source wallet, the code of which is audited by world-class security firms (at least, that’s what the official website claims). The wallet is available for mobile devices (albeit in beta) and as a web wallet.
With the Lunie wallet, users can manage the betting portfolio, withdraw rewards and vote on governance. The development team plans to release notifications about reward changes or new proposals. The wallet has no custody, so only users can access the keys. Trust Wallet
The Trust wallet is a decentralized exchange and browser for DApps, all on one platform. The Trust crypto wallet is also officially backed by one of Binance’s largest trading platforms. The company acquired this app from the developers two years ago and since 2019 the wallet is compatible with Binance DEX and the Binance Chain system.
The wallet supports Bitcoin, Ethereum, Litecoin, Ripple, Stellar, Polkadot and works with the ERC20, BEP2 and ERC721 token types. Ownbit Wallet
The Ownbit wallet works as a hot wallet for Polkadot coins. This is an HD wallet that generates a 12-word mnemonic phrase, wallet seed and private keys. All personal information is stored on the customers’ side.
The Ownbit wallet is a good place to store all your digital assets because it allows you to hold BTC, ETH, ERC-20 and many other digital assets. Safepal Wallet
Safepal is a fully offline hardware wallet that supports DOT coins. The wallet has mechanisms of self-destruction and deletion of keys. It helps keep your assets 100% safe. The device itself has a 1.3-inch high-resolution display. It easily connects to your iPhone or Android phone to transact with a scan of your fingerprint.
Safepal is a multi-wallet that supports BTC, ERC-20, BEP2, Tron tokens, NEP5 and EOS. The wallet is very affordable; it’s only $40. Safepal has great reviews on Amazon, so maybe it’s the right place to store your DOT coins in this cold storage.
And in this article you can learn better apps for cryptocurrenciesPokadot wallets (DOT) summary
As you can see, there are quite a few Polkadot wallets to choose from. Decide your goals: If you want to have quick access to your assets, choose the hot wallet. If you’re the hodling type, get the hardware wallet so no one can disturb your peace.