Are you looking for a wallet that will work perfectly well for Tezos (XTZ)? Then, you have come to the right place. We will be introducing you to one of the best Tezos wallet, Tezbox, that is a superb desktop, mobile, and online wallet in the market today.
But first, let’s have a short introduction to what really are crypto wallets for a better understanding of Tezbox eventually.
What is a crypto wallet?
A Crypto wallet is basically a virtual wallet that is used to store access or private keys, and not the money itself. The private keys get stored online or offline depending on the wallet characteristics, whether it is a hot wallet or a cold wallet.
What really are cold wallets, hot wallets, and paper wallets?
- Cold wallets are the safest way to store Tezos, especially all the non-liquid assets offline through a private key. This makes cold wallets hack-proof as the access keys become out of reach from internet hackers.
- Hot wallets store the access keys online. This means that the storage medium in which the private keys get stored runs the risk of coming in contact with potential online hackers.
- Paper wallets store the private keys on a sheet of paper. However, cold wallets are the safest.
- Wallets can further be distinguished based on storage medium. Such as Desktop Wallet, Mobile Wallet, and Online Wallet.
Note: Tezbox Wallet is one of the best Desktop and mobile wallets. Tezbox Web Wallet can also be used for dealing with Tezos online. Read more about this below.
What are private keys and public keys?
A pair of private keys and public keys are used to encrypt data in cryptocurrencies. The private key is like a gateway to access your cryptocurrency wallet. Public keys, on the other hand, are used to generate wallet addresses. However, one should avoid sharing private keys with third-parties at all costs.
Why you should choose Tezbox Wallet or Tezbox Web Wallet?
Both mobile and desktop wallets can be categorized more specifically as hot wallets. Why? Because your smartphone or computer is going to get connected to the internet as and when you require. So, they run the risk of getting hacked if proper security is not offered unlike in the case of hardware wallets.
Tezbox wallet is functionally designed to be fully compatible with the XTZ ecosystem. And makes one of the best free Wallets for Tezos in the market today.
The wallet comes packed with a graphical user interface (GUI). You can use the web version of this wallet on Google Chrome, and also download application versions for desktop and mobiles for Windows, macOS, Linux, iOS, and Android.
Tezbox is a highly secure wallet for Tezos. The private keys will get stored on the user’s device for offering the best security level. Additionally, you can integrate this wallet with Ledger Nano, Trezor, and many more.
The user interface of the Tezbox wallet is very user-friendly as well. Beginners dealing for the first time in a Tezos will be able to operate this free-of-cost wallet pretty smoothly.