MultiHODL is structured as multiple collateralized loans and is provided by YouHodler SA.
The Sandbox is a blockchain-based, metaverse game. Because it used blockchain technology, that means players need a wallet to interact with said blockchain technology. A wallet might seem like an easy decision to make but it should be taken very seriously. Your wallet is what separates you and the outside world from your precious cryptocurrency. It proves that you have full ownership over whatever is stored in that wallet. So if you’re looking for a good place to store your SAND, then you’ve come to the right place. Hopefully, by the end of this guide, you’ll know exactly what wallet to choose.
Key talking points:
A Sandbox wallet is a cryptocurrency wallet that comes in both software and hardware varieties. A wallet manages and stores various cryptocurrencies and tokens such as SAND and many more. Simply put, a wallet lets you interact with the blockchain to make transactions. We could get into the dirty, technical details but let’s do that another time.
As long as you have full control over your wallet, then you have full control over whatever digital assets exist in a said wallet. Each wallet comes with a set of public and private keys. The private key is what’s used to access the wallet and verify ownership. The public key is what’s needed to send and receive cryptocurrency to other users. Aside from that, there are more complex features found in some crypto wallets like lending, saving, staking, trading, exchange, and more. It comes down to what you want out of your wallet. The choice is yours!
When researching your Sandbox wallet, make sure it comes with the following features:
Absolutely. SAND is a cryptocurrency. Cryptocurrencies use blockchain technology. One can’t use blockchain technology and cryptocurrency without having a wallet. Thus, you need a wallet to buy or trade SAND. The two are mutually exclusive. So go out there and get a SAND wallet now!
Not all Sandbox wallets are secure. This is very important information to know. Security is a major issue for cryptocurrency and will continue to be a major issue forever. People always want to steal your money and they will never stop trying to take it. That’s why it’s vital to choose a wallet with the very best security possible. Please make that a priority when doing your research.
YouHodler’s Sandbox wallet is 100% free -- which should be the same for all wallets. Crypto should be for everyone and those wallet providers that make you pay to download their wallet app are turning people away from the joys of crypto. At YouHodler, we’ll never charge you to download our app on iOS, Android, or the web version. However, just remember that SAND is an Ethereum-based cryptocurrency. Hence, the blockchain fees associated with transactions can fluctuate and are the responsibility of Ethereum, not YouHodler. Please be aware of Ethereum GAS fees before you make a transaction.
The SAND wallets on YouHodler are extremely easy to use. Whether you want to deposit SAND or withdraw SAND, 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.
Sandbox 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.
As its name suggests, a desktop SAND 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.
More or less, a mobile SAND wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile SAND 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 SAND wallets for all types of operating systems like Android or iOS.
Web SAND 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.
There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best Sandbox wallet.” To be honest, there is no “best SAND wallet” for us as a collective whole. However, there is a Sandbox 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 Sandbox wallet? Give it a try and find out!
When asking what the best Sandbox wallet for beginners is, it’s important to first dissect what a beginner demands from a Sandbox 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.
Advanced Sandbox users and investors also appreciate clean simple interfaces on their Sandbox 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.
We live in a mobile world and that’s only going to increase. Hence, mobile Sandbox 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 Sandbox wallets match this quality but YouHodler tries its best to.
As mentioned earlier, it’s a smart idea to buy a Sandbox hardware wallet to use in cooperation with your mobile or web wallets. Sandbox 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.
Once again, this comes down to the idea of “not your keys, not your crypto.” The best Sandbox 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.
The best Sandbox 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.
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 Sandbox wallets can be found on both Android and iOS operating systems.
Click here to download YouHodler for Android.
We’re also at the Apple store too! Click here to download YouHodler for iOS and ready all about our Sandbox wallet functionalities for your iPhone