DASH was initially created as an alternative to Bitcoin. It was a fork originally as Dash offers more anonymity and ease of transaction. It was introduced in 2014, but it has received a lot of love and support in the digital community. It is now a well-established coin being one of the top 10 cryptocurrencies in the market.
Compared to Bitcoin, DASH has better features like private transactions, instant payments, and a faster transaction process. It uses Darksend technology to protect the identity of its users. A valuable cryptocurrency likewise needs to be covered with the best DSH wallet. For starters, there are too many in the market, but a handful only does the needful. While buying or choosing one such wallet, you should be mindful whether the wallet supports DASH or not, since many may not. Keep reading to find out the best features and the key differences amongst the DASH wallets.
- Ledger Nano S: This is one of the most popular hardware wallets since it is the most inexpensive and secure. The wallets allow you to store not only DASH but also 12 other coins and 20 tokens. After purchasing, you need to connect with the online platform to create a 24-letter paraphrase that makes a private key.
- DASH Core Wallet: It is a local wallet that needs to be downloaded by the user on their system: Windows, Linux, or OSX. The DASH developers initially suggested this wallet, so it is a preferred mode and also very secure. But it has a feature that can be seen as an advantage or disadvantage to many. The wallet, before opening, downloads the entire blockchain of the crypto and then synchronizes with it to store the transactions that are made.
- Exodus: It is one of the best multicurrency crypto wallets developed in recent years. It has one of the best securities with the advantage of superfast payments. But the only downside of the wallet is a high commission level for any transaction made or exchanged. The commission is calculated according to the nearest block, which can be pretty high during busy periods. But this commission also makes sure that the transactions are instant.
- Coinomi: It is yet another multi-coin wallet that has been developed in recent years. It is highly secure as the private keys are made into seed keys that need to be stored by the users. It is a closed source wallet and allows storage of more than 70 cryptocurrencies and 200 tokens, the highest among all other wallets.
- Jaxx: A multicurrency crypto wallet that supports the storage of up to 14 cryptocurrencies while new ones are added regularly. It is a very easy-to-use interface and has been a user favourite. It is also highly secure since users can restore their coins with a 12-key backup seed key.
- Edge: It is probably one of the best wallets in the market today. With its recent rebranding, it can now store any cryptocurrency made according to the ETC 20 standards, even those not listed officially. It is also highly secure as users need to input long and complex passwords.
- Trezor: It is a hardware wallet and one of the first of its kind. It currently supports 8 cryptocurrencies but does not support DASH instant pay (sources reveal support is coming soon). It has a plastic and aluminium body which is very hard to destroy and is priced at a fair $99. It also has a small O-LED screen that showcases the pin and the paraphrase to be used safely in an offline mode.
- Dash Electrum was developed as one of the first storage systems for cryptocurrencies and available since 2011. The official version supports Bitcoin, Etheruem, and DASH. The rest are made by third parties using open-source code.
- DASH Core iOS: It is the only official DASH wallet for iPhone. It was launched on the Apple store after a rigid review process. The wallet connects with the DASH network remotely, so there is no chance of getting hacked. It also has a 12-word paraphrase option as it is an HD wallet.
- DASH Paper Wallet: It is a unique method to store DASH coins since all the seeds and keys are written on the paper wallet. So, if someone gets hold of the paper, they can get access to all the coins. But the chance of hacking is minimal since there is very little technology involved.
Conclusion
The list mentioned above is not exhaustive, but it includes some of the best wallets that can be used to store DASH and some of the best desktop bitcoin wallets. Be wary of which option you choose to store your coins since they are precious and cannot be restored once hacked.
