Decentraland Wallet Choosing Guide

Decentraland is revolutionizing the multiverse by giving power and ownership back to the creators and players via blockchain technology and decentralized networks. Speaking of putting the power in your hands, buying Decentraland’s native token MANA means you have the power to do whatever you want with that cryptocurrency. However, as Uncle Ben said in Spiderman “with great power, comes great responsibility.” Hence, you must choose your MANA wallet wisely to make sure it’s safe, efficient, and convenient. Thankfully, this decentraland wallet choosing guide is here to help you. 

Key talking points:

• Learn what a MANA wallet is and how they work
• Understand the main features of a MANA wallet
• Learn about MANA wallet security
• Compare different types of MANA wallets
• Discover what MANA wallets are best for you

What is a Decentraland wallet?

A Decentraland wallet is a device that is either physical or software-based and stores the private and public keys for all crypto transactions. Physical currency is not stored in a crypt wallet. Instead, the wallet stores the cryptographic information used to access blockchain addresses and send transactions all over the world. Decentraland wallets are not standalone wallets but are usually part of larger, multi-coin wallets like YouHodler, Kraken, or Binance. 

How does a Decentraland wallet work?

If you want to secure your MANA cryptocurrency with a Decentraland wallet, then you first need to create an account with a wallet provider of your choice. If you are looking for something independent, then there are plenty of non-custodial wallets to choose from. A non-custodial wallet is a wallet that you have complete custody over. While these are great, custodial wallets are good too as they could potentially offer unique features non-custodial wallets have like Yields accounts, staking, lending, and other financial services. A hardware wallet is another form to consider. A hardware wallet is a physical device that hooks up to your computer via Bluetooth or USB and is the most secure way to keep your private keys as only the person who has possession of said wallet can access them. 

Main features you need in a Decentraland Wallet

When researching your Decentraland wallet, make sure it comes with the following features:

• Security and privacy
• Low or custom MANA transaction fees
• Two-factor authentication (2FA)
• Fiat onramps and offramps
• Low minimum deposit amount
• The ability to lock and unlock withdrawals at will
• Complete crypto exchange capabilities
• Customer support
• Multi-chain support
• Multisig
• Bonus features like Yields accounts, trading tools, and loans. 

Do I need a Decentraland Wallet to Buy or Trade MANA?

Of course, you do! So what are you waiting for? Go out into the world and get a Decentraland wallet right now! But first, make sure your wallet is secure above all else. 

Are all Decentraland wallets secure?

Not all Decentraland wallets are secure. There is a mixture of poorly built wallets and wallets built by fraudulent providers that one must be careful of. So how do you spot a secure wallet? That’s when you need to put on your detective hat and do your best Sherlock Holmes impression. Yes, all good things in life take effort and that is no different. You must do your research to see if the team behind your wallet is legitimate. Thankfully, we live in a glorious time where the internet is full of free information so there is no excuse to pick a sub-standard wallet. 

Are all Decentraland Wallets Free? How Much Does It Cost to Use a Decentraland Wallet?

The vast majority of Decentraland wallets should be free to use. Some wallets may offer additional features for extra money but for the basic qualities of storing crypto, that should be free. At YouHodler, we’ll never charge you anything to sign up and use our wallet. Download for free at the Apple Store or Google Play store today. Alternatively, sign up for free at YouHodler.com.

How to deposit and withdraw from Decentraland Wallet

The MANA wallets on YouHodler are extremely easy to use. Whether you want to deposit MANA or withdraw MANA, we have the instructions laid out for you. So just follow them step by step and there should be no problems. If there are, however, please contact our support team and we’ll walk you through the process. 

Types and differences of Decentraland wallets - How to choose the right one for you?

Decentraland wallets come in all sorts of lovely shapes and sizes. So finding the best one for you should be a relatively easy task. Here are a few different types you can explore. 

Desktop MANA wallet

As its name suggests, a desktop MANA wallet is one that’s installed on a desktop computer or a laptop. Users get complete control over the wallet just as they would with a mobile wallet, just in a desktop environment. The main difference is that some desktop wallets have more advanced functionality like the ability to operate a complete node or full crypto exchange integration. 

Mobile MANA wallet

More or less, a mobile MANA wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile MANA wallets are often more convenient due to their portable nature and the ability to scan QR codes for quick crypto transactions in stores or between peers. There are MANA wallets for all types of operating systems like Android or iOS. 

Web MANA wallet

Web MANA wallets are wallets that exist on a website or online service that allow users to send and receive cryptocurrency in addition to storing it. These wallets can be accessed anytime, and anywhere as long as there is the internet. Some of the most popular crypto services in the world are web wallets such as Coinbase, Kraken, Binance, and YouHodler. Security is a concern for web wallets but that can be managed with due diligence to make sure the web wallet you choose has a good history of high-level security and insurance. It’s also wise to use web wallets in tandem with the more secure hardware wallets. 

The Best Decentraland Wallets

There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best Decentraland wallet.” To be honest, there is no “best MANA wallet” for us as a collective whole. However, there is a Decentraland wallet that is best for you and that depends on your wants and needs. At YouHodler, we tried our best to create a diverse, multi-faceted wallet that appeals to all sectors of the crypto industry. Is our wallet the best Decentraland wallet? Give it a try and find out!

Best Decentraland Wallet for Beginners

When asking what the best Decentraland wallet for beginners is, it’s important to first dissect what a beginner demands from a Decentraland wallet. Most importantly, is a user-friendly interface. Beginners who are new to crypto are taking in tons of information every day and they don’t need a complicated app on top of that to learn. Clean, simple interfaces are best for beginners with minimal navigation required. That’s why we designed YouHodler’s interface to appease beginner users with simple designs, clear buttons, and plenty of information databases to dig into. 

Best Decentraland Wallet For Advanced Decentraland Users & Investors

Advanced Decentraland users and investors also appreciate clean simple interfaces on their Decentraland wallet; however, they also want something flexible enough that meets their high demands. Advanced crypto traders want a wallet with low transaction fees, built-in crypto exchange capabilities, advanced security, staking features, and advanced financial services like loans and crypto trading. Advanced users are busy people and they can’t be bothered using multiple apps for different activities. That’s why we designed YouHodler to be the true one-stop-shop solution for advanced users with a wide array of FinTech services to fit their every need. 

Best Decentraland Wallet for Mobile Users

We live in a mobile world and that’s only going to increase. Hence, mobile Decentraland wallets are perhaps the most important wallets in development. There are thousands to choose from and the key is to find one with maximum efficiency and security. YouHodler’s mobile wallet has 2FA, 3FA, and the ability to lock your funds from withdrawal--requiring ID verification to unlock it. On top of that, the team runs regular security audits to ensure all wallets are secure from malicious actors.  People ``on the go” in a mobile economy, want to make sure their digital wallets are present, protected, and easy to use. Not all Decentraland wallets match this quality but YouHodler tries its best to. 

Best Decentraland Hardware Wallet

As mentioned earlier, it’s a smart idea to buy a Decentraland hardware wallet to use in cooperation with your mobile or web wallets. Decentraland hardware wallets are ideal for the long-term storage of crypto assets. Ideally, you want to keep some on a mobile or web wallet for payments, trading, and staking while keeping the rest safely in a secure hardware wallet. The Ledger series of hardware wallets are extremely popular and recommended by most advanced crypto users. Trezor is another brand worth mentioning. 

Best Decentraland Wallet for software storage

Once again, this comes down to the idea of “not your keys, not your crypto.” The best Decentraland wallet for long-term software storage are wallets where you fully own the private keys. It’s best to use this in combination with more diverse web wallets to enjoy the benefits of both worlds. 

Best Decentraland Wallet For Security

The best Decentraland wallets for security are the ones that prioritize security. Stay away from wallets that don’t have PIN options, 2FA, or basic security features. YouHodler has a PIN or thumbprint required to enter the app in addition to 2FA and 3FA upon request. We also run regular security audits to ensure our walls are strong and impenetrable. Lastly, we are backed by Ledger Vault and Fire Blocks for insurance and secure crypto transaction management solutions.

Best Decentraland Wallet for Android Users

While the battle between iPhones and Android phones wages on, it’s nice to know that crypto doesn’t pick sides. Most--if not all--of the most popular Decentraland wallets can be found on both Android and iOS operating systems. 

Click here to download YouHodler for Android. 

Best Decentraland Wallet for iOS Users

We’re also at the Apple store too! Click here to download YouHodler for iOS and ready all about our Decentraland wallet functionalities for your iPhone.