Before we proceed to review the best BSC-supporting crypto wallets, there are a few things that you must consider. When you set out to explore crypto wallet app, there are a few points that you must first get clear. These key points are: Should I get a software or hardware wallet? How secure is the wallet? How the wallet stores my private keys? What are account recovery options in the wallet? Does the crypto wallet support other blockchains along with BSC? If you need assistance with the crypto wallet app connect with us. We offer to build crypto wallets integrated with high security protocols. Contact: Email: business@blocktechbrew.com Website: blocktechbrew.com Whatsapp: +971554738790

1. Which Crypto
Wallet App Type
Should I Choose?
B Y - B L O C K T E C H B R E W

2. About Crypto Wallet App
Before we proceed to review the best BSC-supporting crypto
wallets, there are a few things that you must consider.
When you set out to explore crypto wallet app, there are a few
points that you must first get clear. These key points are:
Also, there are different types of crypto wallets in the market
based on custodianship, usability, and security. It’s important
that you understand these wallet types before making your
choice.
Let us have a look at each one of them.
• Should I get a software or hardware wallet?
• How secure is the wallet?
• How the wallet stores my private keys?
• What are account recovery options in the wallet?
• Does the crypto wallet support other blockchains along with
BSC?

3. Custodial Vs Non-Custodial Crypto Wallets
One major factor that you must consider
while choosing a crypto wallet is the
custody of the private keys.
Why is the custody of private keys
essential?
Security of the private keys is crucial as
the one who is in control of your private
keys can access all your
cryptocurrencies.

4. Custodial wallets are the ones where the third party
has the authority over your private keys. In these
wallets, your private keys are stored online on third-
party servers which are prone to cyber-attacks. In a
way, you can say that you do not own the private keys
in the true sense.
People consider non-custodial crypto wallets safer
than custodial crypto wallets. It is because, in non-
custodial wallets, you have complete custody of your
private keys. The third party only provides software
assistance. The private keys are stored locally offline
on your device. It is your responsibility to ensure the
security of your private keys.
Custodial wallets

5. Non-custodial wallets seem safer as you have private keys,
but if you lose them you cannot recover your
cryptocurrencies. In these wallets, you get a 12-word seed
phrase that you must keep safe. It will help you recover your
account in case of an emergency.
If you lose the backup seed phrase, you cannot recover your
account. Not even their customer care can help you access
your account.
On the other hand, custodial wallets are more convenient to
use. In any case, if you get logged out of your account,
customer service can help you access it.
Most of the BSC compatible wallets are non-custodial wallets
where you own your private keys. It also allows you to
seamlessly interact with Dapps on BSC.
Non-custodial wallets

6. Hot crypto wallets are software wallets that are connected to
the internet. Software wallets can be custodial or non-
custodial crypto wallets. If you consider hosted crypto
exchange wallets, those are custodial.
Cold crypto wallets are hardware wallets. These wallets are
similar to hardware drives which you connect to your
computer, transfer your cryptocurrencies and store them
physically in the wallet.
Being connected to the internet hot wallets are prone to
cyber risks. Whereas the cold wallet stores the
cryptocurrencies offline.
People consider hardware crypto wallets as the safest option
to store cryptocurrencies. But these wallets are impractical
for crypto transactions. It will very inconvenient for you to
use hardware wallets to interact with dApps on BSC.
Hot Vs Cold Crypto Wallets

7. Thank You
B L O C K T E C H B R E W
C o n t a c t :
Email: business@blocktechbrew.com
Website: blocktechbrew.com
Whatsapp: +971554738790