Waves is known as a multipurpose blockchain network that supports decentralized applications and smart contracts.
Like most proof of stake blockchains, its aim is to improve speed, efficiency, and cost of transactions as well as utility and user-friendliness. Its native token, WAVES has an unlimited supply which makes it an inflationary token.
The token is used for payments such as block rewards, and other costs incurred by users when carrying out transactions on the network. If you intend to participate in the Waves ecosystem, you need WAVES tokens.
In this guide, we’ll help you to pick a suitable wallet for your tokens as you’ll need a good wallet to hold them. These are the best wallets to choose from.
Trust Wallet
Trust wallet is a trusted web3 wallet that supports millions of crypto assets from across hundreds of blockchains. The wallet is also non-custodial meaning you’ll have full and exclusive control over your wallet.
You can hold WAVES securely on this wallet and use it whenever you want on the WAVES network. You can also use the wallet to stake crypto assets and hold non-fungible tokens. The wallet’s design makes it compatible with hardware wallets, so you can use it to access such wallets as well.
Trust wallet comes as a mobile app for Android and iOS devices. It is also available as a browser extension for those who prefer the use of desktops.
Exodus Wallet
Exodus is a household name in the crypto industry. It is a non-custodial web3 wallet like Trust wallet, and also supports staking and NFTs. it however supports much fewer crypto assets, with only 350 supported assets.
The wallet is compatible with hardware wallets as well, so you can use the two side by side. You can use it on your Android or iOS device seamlessly to stake and earn assets. It however does not have a web browser version.
In terms of security, this wallet is highly trusted. It updates its app regularly to ensure that it stays ahead of fraudsters.
Ledger Nano X
For those interested in buying WAVES as a low-cap asset to hold for the long term, a proper cold wallet is in order, and Ledger Nano X is a great option. You can use it to hold over 5,000 crypto assets as well as stake assets and hold NFTs.
One outstanding thing about this wallet is that it has Bluetooth connectivity that makes it possible to connect the wallet to mobile devices. This eliminates the need for a desktop device and makes it easier to access.
As a hardware wallet, it provides cold storage which is the safest way to hold crypto assets. These are just a few of the reasons why you should consider using it.
Waves FX
This is a desktop wallet designed specifically for Waves. It is compatible with major operating systems such as Windows, Mac, Linux, etc. This open-source wallet offers users a comprehensive platform to easily manage your assets.
It has a user-friendly dashboard that has features such as portfolio, transactions, leasing, and so on, so that you can seamlessly manage your wallet. Apart from WAVES, it also supports other assets including BTC, ETH, XMR, and many others.
It is a non-custodial wallet, so you will have full control over it to manage your assets easily and safely without external interference.
Waves.Exchange Mobile Wallet
This is another WAVES wallet that was designed specifically for Android and iOS devices. It gives users quick and safe access to WAVES and other assets on the go, as well as enables interaction with the Waves blockchain.
Through the wallet, you can lease your WAVES to full nodes and receive mining rewards, trade, or simply hold tokens in your wallet, interact with dApps, or issue and list your own token. You can use it with any level of crypto knowledge because of the user-friendly design.
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