Are you thinking of finding a wallet to store your Velas (VLX) coins?
Velas (VLX) is an open-sourced blockchain ecosystem of products and services that is an enabler for any tokenization project. In addition, the blockchain allows for cross-chain deposits and the withdrawal of funds from other blockchains.
Related Post: GUIDE: What is Velas (VLX) cryptocurrency coin
How to store Velas (VLX) coin in a crypto wallet
This article will list down all the top three (3) BEST places you can use to store your Velas (VLX) crypto coins.
Velas has built an official wallet for its users. The native wallet supports Windows, macOS, Linux, Android and iOS operating systems. It also has a web wallet for easy access.
To create a new Velas web wallet, simply;
- Go to the web wallet page and select <Create>
- Key in your PIN to protect your wallet from unauthorized access from the device you are using. The PIN has to be at least six (6) characters long.
- Write down your 24-word seed phrase on a piece of paper
- Verify your seed phrase as instructed
- Your new Velas web wallet is now ready to be used
You can also use this native wallet to stake your Velas (VLX) coin.
A hardware cryptocurrency wallet is the safest wallet you can get. Firstly, it is an offline “cold” storage wallet. This means that there is no chance of your wallet being hacked digitally. Secondly, it is in a physical wallet form, so it is not prone to being “software” corrupted or unable to be opened due to various incompatibility issues. Lastly, the design and build of a hardware crypto wallet are meant to be highly encrypted, secure and robust in physical form.
The Trezor device is a hardware crypto wallet that supports storing Velas (VLX) coins right out of the box. As you can see from the screenshot below, both the Trezor One and the newer Trezor Model T devices support VLX wallets.
Always check their official website for the most up-to-date complete list of Trezor’s supported coins.
3. Crypto Exchanges
The most convenient and easiest way to store Velas (VLX) is definitely using a cryptocurrency exchange.
A reliable cryptocurrency exchange allows you to purchase VLX and other coins easily using various payment methods. On top of it, they provide users with online wallets for every coin they offer on their platform. The exchanges maintain these wallets so that users can focus on other features such as spot trading (buying and selling) and staking of coins.
Some of the reliable cryptocurrency exchanges that can be used to buy and store Velas (VLX) are;