CryptoCurrency Wallets can be used in Philippines.

Whether you opt for an online cryptocurrency wallet, or go hardcore with a hardware wallet, here are the some of the recommended digital wallets for Philippine users.

First, what is a CryptoCurrency Wallet or a Digital Wallet?

A cryptocurrency wallet is a piece of software or application where you *store your bitcoin, ether, or any other virtual currencies that you have.
Think of it like the wallet where you store your money. You put your paper bills in the wallet. Everyone knows you have a wallet (unless you don’t, which is very very alarming), but only you can take the money out of your wallet. 

Let me share to you some of the best and known wallets can be used here in the Philippines. I will categorize them into 2. 1) Online Wallet 2) Hardware Wallet

Online Wallets

Simply put, these are wallets you can access online, either on a web browser and/or a mobile app. These provide convenience although most of the time, they control your private keys. They are called “hot wallets” because of that.

1) Coins.Ph

CoinsPH is one of the regulated wallet here in the Philippines. Registered with the Bangko Sentral ng Pilipinas, this is one of the commonly known and used wallet in the Philippines. CoinsPH can store Bitcoin, Etherium, Ripple, BitcoinCash and of course the Philippine Peso fiat Currency. You can used this in web format and they already have their own apps which can be download thru google play or apps store.

To create one click the link.

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2. ABRA

Abra is a financial services and technology company that operates an all-in-one cryptocurrency wallet and exchange app. The Abra app is available on both iOS and Android platforms and allows users to buy, sell, and hold 25 cryptocurrencies and 50 fiat currencies in one place. It supports multiple cryptocurrency assets. Such as bitcoin, etherium, ripple, bitcoin cash and many more...

To create one click the link.

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3) BLOCKCHAIN

A blockchain wallet is a digital wallet that allows users to manage bitcoin and ether. Blockchain Wallet is provided by Blockchain, a software company founded by Peter Smith and Nicolas Cary. E-wallets allow individuals to store cryptocurrencies. In the case of Blockchain Wallet, users can manage their balances of  cryptocurrencies: bitcoin, bitcoincash, etherium, stellar and stable coin such as USD PAX.

To create one click the link.

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Hardware Wallet

Hardware wallets are the real deal. You can say it puts your bitcoin offline, but technically, you put your private keys offline, away from the Internet where everything can be hacked if you’re not careful. They are also generally expensive. However, many cryptocurrency websites agree on one thing – they are probably one of the most secure ways of keeping your coins safe.

1) Ledger Nano Wallet

The Ledger Nano S wallet is a USB storage wallet while the Ledger Blue is a handheld device with a touchscreen and USB and Bluetooth connectivity. ... Bothwallets also use a 20-word backup recovery phrase that can be used to access a user's cryptocurrencies if the device containing the private key is stolen.

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2. TREZOR

Trezor is a hardware wallet providing a high level of security without sacrificing convenience. Unlike cold storage, Trezor is able to sign transactions while connected to an online device. That means spending bitcoins is secure even when using a compromised computer.

Safety Tips for Cryptocurrency Wallets

Unlike keeping your wallets in an exchange, the crypto wallet represents your best bet in keeping your coins safer. Here are some tips:

1. If the wallet has a password, don’t give the password to someone else. Write it on a piece of paper and make sure it’s a complicated one.
2. Never ever tell your private keys to someone else. Never put your private keys in plain text format. A virus can corrupt it and you can bid your coins goodbye.
3. Create multiple backups of your files that are related to your coins. If you did not print your bitcoin paper wallet, create backups of it and secure it with passwords, zip file, whatever you can do to make sure no one can access it but you.
4. If you opt for a hardware wallet, like Trezor. Make sure it’s genuine! Also, if your hardware wallet contains an inordinate number of coins, you should keep it somewhere safe. Not on top of your refrigerator, but somewhere safe, like a vault. We’re serious.

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