All these options give control over the funds to their users.
Coinomi, with support for 507 cryptocurrencies, is the application that offers the most assets.
In terms of security, hardware wallets, known as cold purses, are the most recommended. In a step below them are wallet applications, which are programs that can be installed on computers or mobile devices and are easy to manage. Three applications for multiple cryptocurrencies are described below.
Among the advantages of these portfolio applications are the following: they allow to visualize the balance of their users, as well as the mobilization of funds. In them, the security of the funds depends on the user, who must keep virus free to the device in which the application has been installed.
EXODUS
The Exodus application was launched in 2015 by JP Richardson and Daniel Castagnoli (technical director and creative director, respectively). The platform has a very user-friendly interface and also includes subtle sounds. As they claim on their website, "using Exodus is a blockchain asset experience that" simply works for ordinary people. " In it you can choose different options of colors, textures and themes.
Basically, Exodus offers the purse, funds exchange and portfolio services. The Exodus cryptocurrencies portfolio shows the balance of each one of the cryptoactives that a user possesses, expressed both in the number of cryptocurrencies agents and in the local currency of preference.
In addition, the portfolio presents the proportion of each of the cryptocurrencies that a user handles with respect to the total of the funds that he owns; It also shows the price of the cryptocurrencies in the market, the movement of prices in the last 24 hours, as well as which of the cryptocurrencies that each user has had the best and the worst performance in the market during the last 24 hours. A graph of the trend of the last 30 days of each cryptocurrencies that supports Exodus is also presented.
One aspect of the Exodus interface. In this case, a graphic representation of the percentage of each asset in the portfolio is shown. For each cryptocurrency, a curve of its evolution is shown in the last month. Image: Exodus.io
Exodus is available for computers and is compatible with Windows 64-bit, Mac OS and Linux. The most recent version of Exodus, 1.64.0, includes support for 92 crypto-active, between cryptocurrencies and ERC-20 tokens. It can handle cryptocurrencies such as bitcoin, ether and litecoin, as well as tokens such as bats, lumens (even tokens anchored to the dollar as a tether). It should be noted that Exodus can only exchange cryptoactives through the ShapeShift service. However, the user does not need to exit Exodus to perform them.
Exodus users can associate an email and generate a username and password to access the application. In addition, they can generate the 12 seed words, as well as access the assets managed through Exodus in a different device, in case of any problem with the computer in which the application was initially installed. So users of the application have full control over their private keys, and consequently, over their funds, so they can also export them to another wallet.
The application is characterized because it is continuously improved by its developers, adding support to more assets and new technologies, correcting failures, among others. However, they have not yet updated SegWit, a technology that would lower commissions for bitcoin transactions.
JAXX LIBERTY
The Jaxx Liberty application is the improved version of Jaxx, which was initially launched in 2015. The application has been developed by the Canadian company Decentral Inc, whose founder and CEO is Anthony Di lorio, co-founder of the Ethereum project.
Jaxx Liberty is a cross-platform application that allows you to pair and use different devices. It is available for iOS and Android mobile devices, for Mac OS X, Windows and Linux desktops; and as an extension of the Google Chrome browser.
The latest version of the application allows the management of funds in more than 85 crypto-active, between cryptocurrencies and ERC-20 tokens, along with more than a dozen reference fiat coins. In addition, it has integrated in its mobile versions the option of QR code to facilitate transactions between users.
The application has a user interface that is simplified and easy to use. In addition to offering fund management, Jaxx Liberty offers a portfolio of cryptocurrencies with market data similar to that of Exodus, a news section about the ecosystem, as well as a block explorer to review information regarding transactions made. In addition, Jaxx Liberty also offers the cryptocurrency exchange service through the integration of ShapeShift to its platform.
According to its website, Jaxx Liberty does not store the private keys of its users' addresses, nor does it have access to them. In such a way that users are the ones who have control over their private keys. For this reason, it is possible to export the funds to other purses.
It should be noted that, once a user starts the application for the first time, the backup phrase is generated, formed by the 12 seed words, with which the private keys of the different cryptoactives managed by the user are generated and managed.
With regard to the synchronization of the devices, the requirement to handle the funds from any of the various options is the 12 word phrase, which is only stored on the user's devices. In addition, as a second security layer, in case of loss or theft of devices, Jaxx Liberty users can define an access password.
The application is also continuously improved by its developers. With respect to SegWit, in January they indicated through a tweet that from Jaxx Liberty bitcoins could be sent to SegWit addresses, but that the application did not generate such addresses yet. A couple of months later, they announced that the integration of SegWit into Jaxx Liberty would take place in the coming months.
COINOMI
The multi-currency application Coinomi was launched in 2014 by two experts in blockchain technology. The company is headquartered in London, United Kingdom. It should be noted that its main attraction is that it allows the handling of 507 crypto-active agents, specifically 125 cryptocurrencies and 382 tokens, with the possibility of adding ERC-20 tokens manually.
In the application it is possible to make exchanges between cryptocurrency through the integrated services of ShapeShift and Changelly. The application is available for mobile devices, being compatible with iOS and Android. Also, it is expected that by the end of 2018 its desktop version will be presented, for Windows, Mac OS and Linux, and that it will also include the option of synchronization with mobile devices, since the application aims to be multiplatform.
The application also offers 168 representations of fiat currency, and is available in 25 languages. Likewise, it allows to buy cryptocurrency with credit cards and make transactions with QR code.
Coinomi has support for SegWit, having interoperability between native and inherited accounts. It should be noted that in its roadmap the adoption of Lightning Network technologies and atomic exchanges is projected.
The application allows users to have control over their funds through the private key. In addition, it also uses the security option of the phrase 12 seed words. Therefore, Coinomi users can export the funds to another address.
Along with these three applications, there are many more options in the market, not only for desktop and mobile devices. There are the aforementioned physical purses that represent the safest option. However, to acquire them requires an initial investment, unlike these options presented, which are free.
It should be noted that there are also online portfolios and exchange houses that serve as an interface to manage cryptocurrencies. In the face of such diversity, it is necessary to take into account the security features provided by each of them, and above all, if they are the users who control their respective funds.
EDGE MULTICURRENCY WALLET
Generally, when we create a portfolio of cryptocurrencies, we must take a step of vital importance: generate a seed of recovery. This tool will allow us to access our funds from another device and, therefore, enjoy total control over them. But in Edge Wallet the seed generation process happens a bit differently than in most portfolios.
This portfolio seeks to simplify the way we use cryptocurrency purses. One of the properties that most attracts the attention of Edge Wallet is that we will use a username and password to create the portfolio. That is, this will be the only thing necessary to make a backup of the purse.
On the other hand, if you wonder if you will have access to the seeds of recovery and absolute control over your funds, the answer is yes. Each portfolio that we use within Edge Wallet, since we are talking about a multi-currency purse, will have an individual recovery seed (also called a master key) or a private key. This allows us to have total access and control over our cryptoactives. Later you will see the explanation on how to access them.
With respect to the username and password, these data are encrypted so that no one can access them, in addition to us. However, the responsibility to protect this data lies with us; since, as creators of the portfolio, we will be the only ones that we will know about them. The account in general can be recovered through a process of configuring security questions.
In short, we are facing a portfolio that offers a fresh, modern and above all minimalist design. Add to that the fact that creating a portfolio is much faster than in other applications. Although it should be noted that the process of creating a portfolio that forces us to copy our recovery seed has nothing wrong, because this is vital when using any purse.
On the other hand, it is important to keep in mind that we have an exclusive portfolio for Android and iOS. So, if we do not have a device that has one of these operating systems, we will not be able to use it.
COINPAYMENTS
CoinPayments is a virtual wallet or wallet all in one, very safe, that does not require linking credit card or bank account. It can be used from a PC, Smartphone, Android or IOS. Available in several languages.
Among its most attractive features is the fact that it is a multi-currency purse, where you can exchange or convert one currency for another and have all our cryptocurrencies on one platform, with the lowest commission rates in the market.
