Storing cryptocurrencies is a very tough task at times especially when you have altcoin like Zcash(ZEC).
Since Zec is still in its early days, there are not many wallets which support it.
Last week I published an article about How to Buy Zcash and a lot of people had questions about storing Zcash(Zec). So I thought to do some research and share the Best Zcash Wallets with you.
So without a further ado!
Let’s see some of the best ways to store your Zcash safely.
When I select a cryptocurrency wallet for myself, there are a few factors that I look at:
- Ease of Use
Ease of Use: It should be easy to send and receive Zcash to other Zcash address.
Security: The wallet should provide complete security and could not be easily hacked.
Compatibility: The wallet should be compatible across different devices like Mobile, Desktop etc. so it would be used anywhere anytime.
Best Zcash Wallet
Ledger Nano S
Ledger Nano S is a Hardware Wallet which is one of the most secure ways to store Zcash.
Once you have bought this tiny robust device, you need to connect it to the computer and configure it.
You will get a 4-Digit Pin which would be backed by a 24-word seed phrase. Make sure to store this seed key safely as this would be required if in case you forget the 4 digit pin.
Since, It is a Hardware wallet aka cold storage, your coins will be extremely safe from any hack. You can only lose your crypto only if you tell the seed phrase or pin to someone.
To get started with Ledger Nano S, you just need to connect it to your Computer for the first time and configure it. You need to keep the seed phrase in a secure place which you would need in case you forget your 4-Digit Pin.
You need to connect the device to your computer inorder to send funds to some other address. However, You can receive funds anytime, anywhere.
Ledger Nano S cost around $68 and is a good investment if you wish to store your cryptos for a long term.
Coinomi for Zcash
Coinomi is a Multi-cryptocurrency wallet which is very secure and allows instant exchange between different cryptocoins.
It allows you to store around 18 coins and 214 Tokens and new coins constantly being added to the list.
It is available in various languages like Spanish, Russian, French, German, Chinese etc.
Currently, Coinomi is available only for Android devices but soon it will be available for iOS aswell. Most importantly, the UI make it very easy to use which is great for any crypto enthusiast.
Jaxx is a Multi-Currency wallet which allows you to manage your crypto on Mobile and Desktop.
You get a 12-word seed key at the time of signing up with the wallet. As you own the private keys, this wallet is very safe to store Zcash. You can store many other cryptocurrencies along with Zcash.
Remember: Keep the seed key safely. In case you forget the private key and the lost the seed key, then all your cryptocurrencies will be gone forever.
It is available for download on iOS, Android, Mac, Windows, Linux, Chrome and Firefox extensions. It is one of the best Zcash Wallet for Windows and Mac devices.
You can read a complete review of Jaxx Wallet here.
If you Buy/sell or Send/Receive Zcash quite often, then I would recommend you to try Cryptonator.
Cryptonator is a multi-currency online wallet where you can store your cryptocurrencies safely.
It also allows you to convert one crypto to another by charging a small fee.
They also have Chrome Extension, Mobile Apps for both Android as well as iPhone. If you are a beginner then you would surely live there easy to navigate UI.
But everything has its pro and cons.
Being an Online wallet it is vulnerable to hacks, hence it is not recommended you to store large amount of funds for a longer period of time.
Don’t forget to Read the Best Android Wallet for Bitcoin.
Trezor for Zcash
Trezor is the first Hardware wallet and has a very high reputation among all the wallets.
It is a small looking device where you can securely store your Zcash. At the time of configuration, you will get a 24-word seed key which you need incase you forget your private key.
A 9-digit security code appears on its OLED screen whenever you wish to connect it to your PC.
Trezor cost $99 whereas Ledger Nano S costs $65, apart from price there is not much difference between the two.
Freewallet for Zcash
If you have been into the crypto world for a while now, then you must have surely heard about Freewallet.org wallets. They have a standalone mobile wallet for most of the cryptocurrencies.
Some of the features that Freewallet Zcash Wallet App have are:
- Real-Time ZEC prices
- Coins are stored in Cold Storage, hence safe
- Available in Multiple languages i.e. Chinese, German, French, Spanish and more
- Convert Zec to other cryptocurrencies instantly.
- The app is available for Android and iOS.
So, This is it for Today!
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