Can digital currency wallets be universal? Can I store multiple currencies in the same wallet?

Digital currency wallet is a tool for storing, managing and conducting digital currency. It stores users’ digital currency assets and allows users to view and manage transaction history.

Can digital currency wallets be used universally now?

Digital currency wallets are usually specific to a certain blockchain or cryptocurrency and therefore are not universal. Different digital currencies require different wallets to store and manage, because each cryptocurrency has a unique encryption algorithm and blockchain technology that requires corresponding wallets to interact.

Some multi-currency wallets (also known as multi-asset wallets) have wider compatibility and support multiple different digital currencies. These wallets generally support mainstream cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as a number of other smaller market cap cryptocurrencies. Users can create multiple addresses in these wallets in order to store and manage different kinds of digital currencies.

Some well-known multi-currency wallets such as Exodus, Jaxx, Coinomi and Trust Wallet provide user-friendly interfaces to facilitate the management of multiple different digital currencies.

What are the safe digital currency wallets?

There are currently more than a dozen relatively safe digital currency wallets on the market to choose from. Three of them are imToken, Ledger and TokenPocket wallets that are fully functional and have good reputations. These three hardware wallets will be introduced in detail below.

1. imToken

imToken wallet is a professional digital asset wallet that provides safe, reliable, simple and easy-to-use services. It supports multi-chain and multi-currency management and exchange, making it easier for users to better integrate into blockchain technology. imToken's vision is to achieve consistency in economic incentives, protect user privacy, and allow value to flow freely.

imToken recently received a US$10 million Series A investment from IDG Capital. This financing will be used to support the development of imToken in overseas markets and will also be used to add more technical talents.

2. Ledger

Ledger is a smart card-based Bitcoin hardware wallet that provides the highest protection level with leading technology and is both usable and controllable. Based on its hardware equipment, you can use software wallets developed by Ledger or software wallets developed by other teams. That is, you can use Ledger with the Ethereum web wallet MyEtherWallet or Parity wallet.

The Ledger hardware wallet is a multi-functional wallet, a hardware device that securely stores private keys. When viewing the wallet and sending transactions, the hardware wallet needs to be used in conjunction with the software wallet. It also supports safe storage of Bitcoin, Ethereum and platform tokens, Zcash, etc. Its project has been open sourced on Github.

3. TokenPocket

TokenPocket is a multi-chain digital wallet. Set a login password with one click to protect your user privacy. It supports fingerprint and facial recognition, making the operation more convenient and the data more secure. The private key is stored locally, and important data is physically isolated. After three-layer algorithm processing, sensitive information will never be leaked.

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