Bitcoin dominates a lot of the popular conversation about cryptocurrency trading but it is far from the only option out on the market.
One of the rising stars of the crypto world is Monero. Now ranked among the top 10 cryptocurrencies worldwide, Monero is only growing in popularity due to its security and anonymity features.
Created in April 2014, Monero takes the vaunted privacy features found in most cryptocurrencies to the next level. Payments and account balances remain hidden to all but those involved which is different from any other cryptocurrency on the market.
Unlike other cryptocurrencies, Monero is also not based on Bitcoin but is, instead, based on the CryptoNight hash algorithm. Sending and receiving is fully encrypted and it is nearly impossible for anyone but the two involved to know what went down.
As you can imagine, this level of secrecy has made Monero a favorite of privacy experts – as well as thieves. A lot of the ransom paid during the Wanna Cry Ransomware Attack was done through Monero, for example.
Nonetheless the currency is a rising star and a lot of new traders are trying to get in on the action. Like many cryptocurrencies you will need to hold your Monero in a wallet. But which service offers the best option for this?
In this article, we’ll discuss the 7 Top Monero wallets currently available right now. From ease of use to convenience and security, we’ll try to give you a rundown of all the features we look for in a Monero wallet to help you make your decision.
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