Hold it for a while but don’t know where to start. If you need fiat funds, then you can sell your ETH and withdraw using one of the supported payment methods. After transaction confirmation, Ethereum will be credited to your balance and you can store it or transfer it to another address. Then just choose what payment method suits you most to buy Ethereum – a payment card or bank transfer.

So the crypto wallet should be a place for not only storing and transferring crypto but also should provide opportunities to buy and sell Bitcoin and other cryptocurrencies in one place. What is a cryptocurrency wallet. With our multi-cryptocurrency wallet, you can buy Bitcoin instantly as well as over 80 other virtual currencies, sell and exchange them for another crypto or fiat, and withdraw funds using several payment options. How do they differ? A cryptocurrency wallet functions as a traditional wallet but instead of paper money it holds proof of your digital cash.

After entering information about the destination address, double-check it and confirm sending.

Sometimes your funds may be lost because of that. You can just choose two coins or tokens to convert. We’ll swap them according to the current market rate. The transaction will be processed in a few minutes. For selling cryptocurrencies, the process is the same but instead of the Buy section, you need to choose the Sell one. After that, select in the dropdown menus the currencies you want to exchange and the ones you want to get. After entering information about the destination address, double-check it and confirm sending. The main advantage of the Exchange option is that you don’t need to figure out how to place trading orders and search for the necessary currency pair. So, be super attentive when transferring your crypto. Make sure that amount in both fields is above the minimums and within your account limits. How to exchange cryptocurrencies? Then confirm the transaction to proceed.

Hot wallets are connected to the internet and store public and private keys online. So if you’re looking for the best desktop cryptocurrency wallet, prefer those that don’t connect to the internet. What is cold storage? BTC wallet may be pretty useful if you want to make payments on the go but it is inherently riskier than offline wallets because need a constant internet connection. In most cases, cold storages are devices or software on PCs that don’t need an internet connection to operate. For instance, it can be a mobile application on iOS or Android.