One Wallet for Multiple Cryptocurrencies

Posted On : 09 Jul 2020
Category : Blog
HotBTC wallet

HoTBTC is the only trade platform that offers one account, one trade, and one wallet facility for its traders to store cryptocurrencies on a single platform, only dedicated to the convenience of the traders. The crypto wallet that is provided by the exchange platform is very secure and allows instant transactions such as withdrawals, deposits, and you can even check your crypto balance, transactional history in real-time. To trade on the platform you only need to create and trade account on HotBTC and now you are geared up with all the facilities offered on the exchange platform.

Digital currency or cryptocurrency wallets work the same way as a bank account; it contains a pair of public and private cryptographic keys. Both keys have different functions, as a public key allows other wallets to make payment to your wallet and the private keys allow spending or payment using your wallet address. HotBTC is counted as the top cryptocurrency exchange for certain benefits that it offers its traders like it uses different social media platforms like Facebook, Twitter, Instagram, and Telegram to keep its traders well aware of the latest happenings on the platform. Regular posts from HotBTC are updated on social media platforms which further encourage the traders to join the platform from any corner of the globe.

Now, coming back to the wallet facility being provided on HotBTC, and it has become the best crypto trading platform for providing this facility wanted by many traders. The most interesting thing about using a crypto wallet on the platform is that it is very secure and allows instant transactions such as withdrawals, deposits, and furthermore you can even check your crypto balance with transparent transaction fees. You can also use your wallet to store the cryptocurrencies in order to buy or sell them at any point in time.

Here are some of the types of crypto wallets available to be used on the exchange platforms –

  • Mobile wallets

These are app-based wallets that can be installed on your mobile phones and are quite useful because they can be used from any remote location. The mobile application wallets are much smaller in size when compared to desktop wallets with a limited memory space available on the device.

  • Online wallets

The online crypto wallets are designed to run on the cloud-based
services and are accessible only by using a computing device from any location and they are more convenient to access as well.

  • Desktop wallets

These wallets can be downloaded and installed on your PC or laptop, and they are only accessible from computers in which they are downloaded and installed.

  • Hardware wallets

As compared to the above ones as they can store in a user’s private keys on a hardware device like a USB. The hardware wallets are designed to make transactions for both online and offline mode. Using wallets to make deposits or withdrawals.

Being the top cryptocurrency exchange, HotBTC allows you to make deposits and withdrawals using the digital wallets in order to transact Bitcoins, Ethereums, and Litecoins. All you need to do is choose the wallets of your choice and select the currency you want to store into it. Sending or receiving cryptocurrencies to and from another digital wallet has become easier now, and the crypto wallet lets you do so with fewer hassles. There is an auto-deposit feature is very secure, offering transparent transactions, and is incredibly fast as well. To make a deposit, all you need to do is open your crypto wallet, enter a crypto wallet address, and confirm your wallet password.

The crypto wallet offered by HotBTC allows for instant withdrawals with a two-factor authentication process. Being a multi-signature wallet, it uses two out of the three keys used in it. The third key remains stored on a remote server that tracks every transaction on your behalf. This is simply a two-step verification process with an added security layer in addition to your username and password.

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