Online or web wallets

Another type of hot wallet is known as online or web wallets, and for most people, these are the easiest type to use. You can create online wallets as easy as signing up for a new account on Cryptonator.com, BlockChain.info (Bitcoin), MyEtherWallet.com (ether), or any other cryptocurrency service. If you want to use a service that lets you have a multi-asset wallet, Cryptonator.com is worth the look. You can log in to these services and your wallet(s) from any device that is connected to the internet. This simplifies access to your assets, although, there are certain tradeoffs. The most important one is trust. Your private keys are stored on another server. If the server is compromised, there is a chance that the hacker ...

Get Blockchain across Oracle now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.