Crypto Currency
Cryptocurrency has become a powerful tool for financial inclusion and security in the Philippines. As the world’s first decentralized digital currency, it offers unparalleled flexibility and control over funds, transactions, and asset management. But with this newfound power comes responsibility: you need to secure your crypto assets if you want to keep them safe. One of the most effective ways to do this is by using a non-custodial crypto wallet. In this blog post, we’ll be looking at the top 7 non-custodial crypto wallets available in the Philippines. We’ll discuss the features of each one, how they can protect your funds, and why you should consider them for storing your cryptocurrency assets.
KeepKey
As the cryptocurrency industry continues to grow, more people are looking for ways to store their digital assets. While there are many custodial wallets available, some users prefer to use non-custodial wallets. Non-custodial wallets offer more control over one’s private keys, which means that users are less likely to lose their funds in case they lose their wallets or forget their passwords.
One of the most popular non-custodial wallets in the Philippines is KeepKey. KeepKey is a hardware wallet that supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin. KeepKey is easy to use and comes with a number of security features, making it a great choice for those looking for a reliable way to store their digital assets.
Ledger Nano S
The Ledger Nano S is a non-custodial crypto wallet that allows you to store your cryptocurrencies offline. This makes it one of the most secure wallets available, as your private keys are never exposed on the internet. The Ledger Nano S also supports different cryptocurrencies, making it a versatile option for those looking to store multiple types of coins.
Trezor Model T
While the Ledger Nano S and KeepKey are both popular cold storage solutions for cryptocurrency, the Trezor Model T is our top pick. The Trezor Model T is a next-generation hardware wallet that offers a host of features that make it superior to other wallets on the market.
The Trezor Model T supports over 500 cryptocurrencies, including all of the major coins like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The Trezor Model T also has a color touchscreen display, making it easy to use and navigate. Additionally, the Trezor Model T comes with a built-in microSD card slot, so you can easily store your backup seed phrase offline.
One of the best features of the Trezor Model T is its support for multiple accounts and wallets. This means that you can have various accounts for different cryptocurrencies, which helps to keep your funds safe and secure. Additionally, the Trezor Model T allows you to set up password-protected accounts, so even if your device is lost or stolen, your funds will still be safe. Overall, the Trezor Model T is an excellent choice for those looking for a secure and user-friendly cold storage solution for their cryptocurrency holdings.
Electrum
There are many non-custodial cryptocurrency wallets available in the Philippines, but one of the most popular is Electrum. Electrum is a lightweight Bitcoin wallet that offers numerous features, including support for Segwit and hardware wallets like Trezor and Ledger. Electrum is also one of the few wallets that offer support for multi-signature transactions.
Another advantage of using Electrum is that it allows you to customize your fee settings to help ensure that your transactions are quickly confirmed. For example, you can choose to pay a higher fee during times of network congestion to help ensure that your transaction is included in the next block.
If you’re looking for a non-custodial wallet that offers a great combination of features and flexibility, then Electrum is worth considering.
CoolWallet App
This is one of the most popular non-custodial crypto wallets in the Philippines and it offers a great mobile experience. The CoolWallet App allows users to buy, sell, send, and receive cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. It also has a built-in exchange so you can easily convert your cryptocurrencies into Philippine Pesos (PHP). The CoolWallet App is available for both iOS and Android devices.
Atomic Wallet
Another popular non-custodial crypto wallet in the Philippines is Atomic Wallet. It supports over 300 different cryptocurrencies and provides users with a secure way to store their coins. Atomic Wallet also has a built-in exchange so you can easily convert your cryptocurrencies into Philippine Pesos. The Atomic Wallet is available for both iOS and Android devices.
Trust Wallet
Trust Wallet is another great option for those looking at a non-custodial crypto wallet in the Philippines. It supports over 40 different cryptocurrencies and offers a secure way to store your coins. Trust Wallet also has a built-in exchange so you can easily convert your cryptocurrencies into Philippine Pesos. The Trust Wallet is available for both iOS and Android devices.
How to choose the best crypto wallet for you
There are a few things to consider when choosing the best crypto wallet for you. Here are some of the most important factors:
Security
When it comes to security, you can never be too careful. Make sure to choose a wallet that has robust security features, such as two-factor authentication and multi-signature support.
Ease of use
You shouldn’t have to be a tech expert to use your crypto wallet. Choose a wallet with a simple and intuitive interface that makes sending, receiving, and storing cryptocurrencies easy.
Support for multiple cryptocurrencies
If you plan on investing in more than one cryptocurrency, make sure your wallet can support them all. This way, you won’t have to transfer your coins to another wallet every time you want to switch between them.
Fees
Some wallets charge higher fees than others. Compare the fees charged by different wallets before deciding which one to use.
Customer support
If you ever have any problems using your wallet, it’s helpful to have someone to turn to for assistance. Make sure the wallet you choose has good customer support in case you need help with anything related to the service.
Conclusion
Non-custodial crypto wallets offer a secure and convenient way for users to store and manage their cryptocurrencies. With growing options for digital assets available in the Philippines, traders and investors must choose the right wallet to ensure their funds are safe and accessible. The list provided here includes some of the best non-custodial crypto wallets currently available in the Philippines. We hope this article has been helpful as you decide on the wallet that will work best for you.
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