Against that backdrop, hardware wallets are the clear winners for storing crypto in the long haul. Many of them come with backup options. So, should you ever lose the USB-like device, you can retrieve your coins hassle-free.
Freedom and Convenience
A crypto wallet gives you a lot of freedom to spend your coins the way you want. See, you hold the secret keys required to sign transactions. And that means you’re in full charge of the coins. With this freedom, you could use your Bitcoins to buy stuff at shopping sites or send it to friends.
You could also use your crypto to fund online casino accounts – find more info here. Interestingly, you could qualify for up to five BTC in bonuses. All you need is to make a deposit and the operators will match your money 100%.
When you think about it, crypto wallets aren’t impacted by restrictions. You could conveniently access your wallet from any part of the world. We can’t say the same about wallets from exchanges, though. If Coinbase doesn’t operate in a country you plan to visit, accessing your coins could be difficult.
Reliability
A crypto wallet is the only bank you can depend on consistently. To be clear, we’re talking about trustworthy independent wallets. If it’s not genuine product, then you could lose your money through it. If it’s safe, though, you can trust a Bitcoin wallet to store your coins for years.
Storage aside, you can also rely on a crypto wallet to help you access your coins whenever you need them. No need to make appointments or drive somewhere like it’s the norm for banks. If you feel like spending your coins, all you need is to find your wallet and complete transactions.
Fund Your Crypto Debit Card
If you would like to use crypto for payments regularly, there’s an easy and practical way to do it: prepaid debit cards. You get a normal Visa or MasterCard. But instead of dollars, euros or yens, you use to store Bitcoin, Ethereum and more altcoins.
You can use your debit card to withdraw money at thousands Bitcoin ATMs around the world. Or you could use it to shop conveniently. The way it works is that there’s an automatic feature that converts your coins into fiat currency. If you want to pay $100 worth of Bitcoin at a grocery store, the ATM takes out $100 BTC from your debit account for and remits the money to the recipient in a quick, stress-free manner.
