It was 2015 when Nano was launched by Colin LeMahieu as RaiBLocks, it is a low-latency payment platform that involves minimal resources thus making it ideal for peer-to-peer transfer of value. The Nano community began to grow at a certain pace early of 2018 and has continually grown in an impressive trajectory since then.
Nano has three valuable features that users of digital currency really appreciate – (a) Instant transactions. Nano transactions happen immediately, so it’s a currency you can use for your day-to-day purchases, big or small; (b) Zero fees. All you have to do is pay for the purchases minus the fees. You are basically paying for the item or service and not the convenience; (c) Infinitely scalable. Nano can process over 1000x more per second than Bitcoin, so you’ll save time and be able to do more.
Distinction of The Nano Wallet Company and The Nano Foundation
Prior to discussing the Best Nano Wallets any further, let us begin with the facts. The Nano Wallet Company is a distinct and specific entity, unrelated to the Nano Foundation. While there is confusion in those working for the two companies, let it be known that the Nano Foundation has no control over the wallets and has no association with the Nano Wallet Company. The Nano Foundation, emulating other digital assets, limits itself to its principal functions related to the protocol, while upholding an arms-length line of attack to software built on top of Nano.
Nano Wallets are open-source and it is hoped that users will continue contributing to its improvement and development. Nano is a digital asset or cryptocurrency that shares the same vision that any other digital asset does – and that is to substitute fiat currency, however, pursues to revolutionize blockchain technology on the whole by providing zero-fee transactions in real time without the energy depletion and work-intensive overhead characteristic of Bitcoin, among other things.
Once you’ve bought XRB (Nano) on an exchange, you may choose that you want to keep those coins in your exchange wallet. If you want to use your XRB (Nano) to place a trade, this is one solution that is not only fast and easy but very much convenient – especially for people who are always on the go.
However, there are some key security risks associated with storing crypto on an exchange. Your private keys are usually controlled by the exchange rather than by you, which means you don’t have full control over your assets and exchanges are a popular target for hackers. But all this is addressed by the designers and producers of wallets; they continually improve on their security to safeguard all your digital assets.
To warrant the protection of your funds, the best option is to move them into a private, secure wallet. That is why there are a couple of wallets in the market today that is dedicated in just that – making sure that your digital assets are well-protected and secured from theft. Hopefully, this will be able to help you understand its potential and continually inspire you to interact with yourself – the future sure is bright!
Best Nano Wallets in 2019
More and more wallets are finally available for purchase and below is a list of the best wallets that can store your digital currency in the most secure and cost-effective way.
- Ledger Wallet
One of the most popular and secure hardware wallet that stores more than 1000 digital assets. It was just recently that it started supporting Nano as well. It has a 2-factor authentication process to make it secure and prevents you from hackers. Ledger Wallet is already available for iOS, Android, Linux, Microsoft OS, Firefox and Chrome. This is the best wallet when it comes to storing multiple cryptocurrencies securely in the same platform.
- NANO Wallet iOS
This is basically for iOS users, where they can store, send and receive Nano with Nano Wallet. This is safe and secure, and the perfect way to use Nano. It is a global currency with instantaneous transactions and zero fees over a secure, decentralized network. This has recently added a feature where it fixes a bug where the representative wasn’t being properly fetched from the socket on before sending.
- NANO Online Wallet | Nano Vault
You are in complete control of your funds without having to download the ledger with an online wallet. The NANO Online Wallet helps you manage your private key. The website only cuts the transaction fee when you transfer your digital currency from one place to another place through their wallet account. The best thing about the Nano Vault is that they are totally focused on high security as the private keys are never sent across the network, and the chance of theft is null. You can send and receive Nano from any device you want using this web wallet.
- Canoe Wallet
Canoe is a completely open source and cross-platform wallet to manage your Nano in a safe and secure way. Canoe is secured 100% cryptographically. The best part about Canoe is that the transactions are instant and feeless, which makes it one of the most favorable and best NANO wallets in 2019. You can download the app or you can run it on your desktop.
- NANO Wallet Android
As the name suggests, it is for the Android users who can themselves create an account free of cost. You can back up and store your Wallet Seed, share your address via QR code, etc. The best part is that you can send a Nano Share Card through Messages or a Share Action. Just be sure to save your Wallet Seed in a secure and safe place. It is the only way to control your funds and unlock your wallet.
- NANO Wallet Desktop
The biggest barriers to making use of a desktop wallet versus a web wallet, for new or freshly joined Nano users, is the initial sync of the blockchain required to receive, send and view balances. It is available for download for Mac, Windows and Linux operating systems, this wallet allows you to retain control of your private keys. It’s easy to use and has an easy set-up process, and sending and receive payments is similarly simple.
In the Nano community, they always try to provide users with the best experience possible and they believe that having a dedicated following makes the journey all worthwhile. As Nano evolves, so are the wallets that you can store them into.