USD Coin represents an innovative stable coin, which has a total supply of 51.2B. The digital currency ranks as the fifth most valuable asset backed by the U.S dollar.
Stablecoins like USDC play a significant role in the global crypto market. Traders can use the asset as an exchange medium, store of value, or hedge against the volatile crypto market. Such applications make USDC valuable and convenient to generate a stable yield. In that case, the following piece hopes to highlight the best USDC wallet of 2022 that you can use to store your
USD Coin.
MetaMask functions as a decentralized digital wallet that allows users to buy, sell, and receive digital currencies.
Customers can secure their accounts with a user-generated password and biometric solutions. A 12-word seed phrase is also available to aid in the wallet recovery process.
The wallet allows users to customize their transaction fees. Transactions speeds are, therefore, determined by the set charges.
The wallet's browser is easy to understand.
MetaMask is widely accessible across various systems since it is open-source software.
Users can integrate their hardware wallets on MetaMask.
Investors use the app anonymously since the wallet doesn't require any personal data.
The support staff extends limited support to users.Ledger Nano S represents an advanced hardware wallet that offers security to digital assets and is one of the best crypto wallets to store USDC Wallet.
The wallet enables users to store their digital assets and private keys. Offline storages provide more security compared to hot wallets which mainly operate online. An automatic backup is available to restore lost wallets and the contents inside.
Ledger Nano S is affordable compared to other hardware wallet devices.
Users can select the transaction fee amount they would like to spend. The fees are divided into various levels which could be high, standard, or low.
Investors can easily set up and use the wallet.
Users have access to approximately 100 digital currencies.
Navigating the screen may be tiresome since the display is small.
Coinomi functions as a digital asset wallet established in 2014. The wallet supports over 1000 cryptocurrencies and 125 blockchain networks.
Performing transactions on the wallet is free. However, senders will pay minimal network fees for transferring coins. The network fees are then used to pay miners who verify and record transactions. Senders can also choose the fee amount they would like to apply.
Setting up the wallet is straightforward since investors only need a user-generated password and a seed phrase.
Users do not require any technical experience to navigate Coinomi. This feature is mainly attributed to the platform's user-friendly interface.
Users have different customer service alternatives which work round the clock.
The platform has an in-built exchange where users can trade their virtual currencies.Atomic Wallet runs as a software platform that supports diverse cryptocurrencies.
Users can change their interface designs through the wallet's settings. Moreover, the interface is easy for anyone to understand.
Atomic Wallet is open-source software. This aspect is advantageous because developers can monitor for any vulnerabilities.
The application is able to create a backup phrase on behalf of users. Having two seed phrases makes the wallet recovery procedure simple.
The users' private key is stored on their devices and encrypted to boost security.
Customer support is available 24/7 through the wallet's chatting function.
Credit purchases attract higher transaction fees.Zengo is another amazing wallet that stores USDC. It is a non-custodial wallet that comes with an intuitive user interface.
The wallet allows users to buy cryptocurrencies directly through the app. Every purchase can be done with credit/debit cards.
Customer support services are available 24/7.
Zengo employs biometric technology, which is heavily encrypted.
The wallet is easy to set up. Users can recover their seed phrases easily because Zengo's server saves this data. Hence, a user's wallet is retrievable when their devices break down or get stolen.
Transaction fees on Zengo are customizable. Here, users can set a certain trading limit which will oversee a transaction's speed.
The application is simple to use.
Investors can generate passive incomes through staking.
Zengo is only available as a mobile wallet.USDC is steadily establishing itself in the market four years after its launch. The coin mainly focuses on solving price volatility and acting as a medium of exchange. Acquiring and storing this asset requires a secure crypto wallet, which could be an online-based software or a hardware wallet.
Most hot wallets offer a user-friendly interface and the ability to customize transaction charges. What's more, users are solely responsible for maintaining their private key details. Cold/hardware wallets operate offline and provide adequate security to the trader's assets and private keys. Hardware wallets, therefore, create a bigger competitive advantage when compared to other internet-based wallets.
Hopefully, this article on the best USDC wallet of 2022 will come in handy the next time you want to store your USD coins.