Crypto Wallet: Recommendations
To store any number of coins, of course, it is safer and more optimal to download the official wallet.
for BTC — Bitcoin Core;
For Litecoin, this is Litecoin Core;
Ethereum — either the Ethereum wallet or MyEtherWallet will work.
Important to know: official wallets take up a lot of space. Therefore, if you are the owner of several cryptocurrencies, it is better to choose something more straightforward.
In addition to the above — for universal tasks — universal wallets. For example, software Coinomi, Exodus, Atomic Wallet, Ethos have versions for PCs, phones; hardware trezor, and Nano S.
There may also be wallets designed for certain networks, designed for their functions. For example, Coinbase Wallet (a product of Coinbase) and Trust, wallets based on the Ethereum blockchain, allow you to store many tokens based on it. They can also act as web browsers for a decentralized network (they will enable you to interact with dApps).
How the crypto wallet works on the exchange
Which wallet to start depends on the type of exchange on which the asset owner trades. As you know, exchanges are centralized and not. Centralized ones often provide custodial ones. That is, they store the key in their database since, as I said above, they act as a depository for their clients ‘ funds. This means that you need the maximum level of protection. Decentralized-just the same, they provide software that is constantly online.