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Zilliqa Wallet Choosing Guide

Zilliqa Wallet Choosing Guide

So you bought some Zilliqa (ZIL). Now, where will you store it? Well, Zilliqa has wallet software that anyone can download on its website. This allows you to store Zilliqa on your computer, but not much else. So why stop there? The universe is filled with hundreds of different Zilliqa wallets all with various features. Just find which one is best for you and you’re on your way.

Key talking points:

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

What is a Zilliqa wallet?

A Zilliqa wallet is a wallet that helps one store and manages Zilliqa. This includes, but is not limited to, buying, selling, exchange, earning interest, lending, and more. Zilliqa wallets can be web-based, built for mobile devices, or both. Some wallets come with advanced security features to add an extra layer of protection to your funds.

How does a Zilliqa wallet work?

The main purpose of a blockchain wallet is to allow one to access the blockchain. Your crypto is not stored physically on the blockchain or in the wallet. All a wallet does is give the user keys to interact with the blockchain so you can transact. Zilliqa wallets are the same way. 

Main features you need in a Zilliqa Wallet

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

  • Security and privacy
  • Low or custom ZIL 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 savings accounts, trading tools, and loans. 

Do I need a Zilliqa Wallet to Buy or Trade ZIL?

Yes! You need a Zilliqa wallet if you want to buy, sell, HODL, or do anything at all with ZIL. Thankfully for you, there are several great options to choose from. Just make sure you choose a secure Zilliqa wallet first before anything. 

Are all Zilliqa wallets secure?

Nothing in life is guaranteed. Not even your wallet security. So it’s essential to choose a Zilliqa wallet that is as secure as possible. Do your research, ask questions and dive deep into the various wallets to see which one you trust most with your ZIL. YouHodler puts security at the top of our list when it comes to crypto storage. Security features and tech security audits are the default practices for us. Our clients are family and we want to protect you as such. 

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

There may be some Zilliqa wallets out there that require a fee to use but not YouHodler. We don’t charge anything to sign up to our platform. Our full range of financial services are free to use or if you want to just store ZIL on YouHodler, that’s fine too. The point is, we never charge you to store your crypto. That being said, every blockchain has a transaction fee. So please be aware of those fees before making a transaction to avoid surprises.

How to deposit and withdraw from Zilliqa Wallet

The ZIL wallets on YouHodler are extremely easy to use. Whether you want to deposit ZIL or withdraw ZIL, 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 Zilliqa wallets - How to choose the right one for you?

Zilliqa 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 ZIL wallet

As its name suggests, a desktop ZIL 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 ZIL wallet

More or less, a mobile ZIL wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile ZIL 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 ZIL wallets for all types of operating systems like Android or iOS. 

Web ZIL wallet

Web ZIL 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 Zilliqa Wallets

There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best Zilliqa wallet.” To be honest, there is no “best ZIL wallet” for us as a collective whole. However, there is a Zilliqa 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 Zilliqa wallet? Give it a try and find out!

Best Zilliqa Wallet for Beginners

When asking what the best Zilliqa wallet for beginners is, it’s important to first dissect what a beginner demands from a Zilliqa 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 Zilliqa Wallet For Advanced Zilliqa Users & Investors

Advanced Zilliqa users and investors also appreciate clean simple interfaces on their Zilliqa 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 Zilliqa Wallet for Mobile Users

We live in a mobile world and that’s only going to increase. Hence, mobile Zilliqa 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 Zilliqa wallets match this quality but YouHodler tries its best to. 

Best Zilliqa Hardware Wallet

As mentioned earlier, it’s a smart idea to buy a Zilliqa hardware wallet to use in cooperation with your mobile or web wallets. Zilliqa 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 Zilliqa Wallet for software storage

Once again, this comes down to the idea of “not your keys, not your crypto.” The best Zilliqa 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 Zilliqa Wallet For Security

The best Zilliqa 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 Zilliqa 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 Zilliqa wallets can be found on both Android and iOS operating systems. 

Click here to download YouHodler for Android. 

Best Zilliqa Wallet for iOS Users

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

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