What Online Ethereum Wallets are all About
Written by admin on October 20, 2016
Among all the forms of cryptocurrency, ethereum is the newest and most trending one. People are using Bitcoins to buy Ether and store it in an online ethereum wallet such as one service literally called Ethereum-Wallet and so aptly named. Several other wallets are online as well, naturally competing in the market to gain the most storage and thus hold the highest real value when Ethereum rises above its competitions. You can easily get started and find efficient and highly convenient Ethereum storage which will allow you to keep your Ether secure and ready for exchange and investment.
It is considered risky business to download an online ethereum wallet from one site and then another and so on. There are security risks with many of these sites and it might be advisable to use a free service like Web of Trust to rate the different sites for user safety as a security feature for your browser.
Since Ethereum in a non-centralized cryptocurrency, the potential for storage value is rather high since it was built on the blockchain. Should you desire to buy Ether, you can search the Internet for different exchanges such as Bitfinex. Or, if you are in Canada, QuadrigaCX is considered secure and excellent. Ethereum-Wallet and Jaxx offer reasonable and convenient services as well. The services vary and there are still other companies to consider who are also in the game.
The bottom line at this point is to store your Ether and that is what a wallet would do. It will not depreciate in value because the supply is limited and there will be a change in the algorithm and distribution system which is expected to reduce the focus on mining Ethereum. Using transfers rather than wallets is inadvisable because they are slow and insecure. When you use Ethereum Wallet, your Ether is safely secured and there can be no government action against your assets with this. When you use transfers, you run that risk.