4 Best Bytecoin Wallets For 2019

4 Best Bytecoin Wallets For 2019

Bytecoin (BCN) is a digital asset that offers untraceable transactions and relatively profitable mining rewards. After it was created in 2012, Bytecoin BCN weathered a number of controversies, but it has since largely improved its image. Although it is overshadowed by its more popular descendant, Monero XMR, Bytecoin has managed to maintain a fairly prominent position in the cryptocurrency market."4 Best Bytecoin Wallets For 2019"

Over the past few years, the Bytecoin project development team has rebranded the bytecoin, introducing several new BCN storing wallets that can be used to store Bytecoin BCN. A number of third-party wallets have added support for BCN as well. This guide will outline 4 best bytecoin wallets for 2019.

4 Best Bytecoin Wallets For 2019

Here are the primary factors to consider when choosing a Bytecoin BCN wallet:

Security: What security features does the Bytecoin wallet offer? Does the bytecoin wallet provide two-factor authentication (2FA), passphrase login, cold storage or recovery seeds?
Supported platforms: Which platforms are the BCN wallet available on?
Compatible Cryptocurrency: Does the wallet support altcoins other than Bytecoin?
Ease of use: How difficult is the crypto wallet to download, set up, and use? Is the user interface attractive and intuitive?
Development activity: When was the wallet created? Is the wallet still upgrade regularly? Outdated wallets may introduce security risks for hodl coins, or they may simply no longer work with the most recent version of an altcoin.

1.Best Desktop Bytecoin Wallet

Security: Strong | Platform: Desktop wallet | Compatible coins: Bytecoin
Ease of use: Simple with dev features

The Bytecoin development team provides an official desktop wallet that offers all of the standard cryptocurrency transaction tools that you will need. It has tabs for sending and receiving funds, as well as a built-in address book to assist repeat transactions and it displays your total funds and past transactions front and center.

The wallet also doubles as a mining app, meaning that you can start earning Bytecoin BCN tokens with the click of a button — although you should probably consider whether mining BCN coin is profitable before you begin.

plus users can also control the wallet daemon through a console window or a separate command-line daemon. This feature allows BCN transactions to be carried out via RPC commands, an option that is useful for developers who are programming e-commerce applications.

In terms of security, the BCN wallet provides many basic but important features. First of all, it stores private keys on your device - this detects remote attackers, who usually attack centralized wallet services. The app also gives security to your wallet with an extra password in case your wallet file falls into the wrong hands.

Lastly, the wallet implements a feature called soundproof, which is unique to Bytecoin BCN. This feature can be used to prove that transaction have been sent — in other words, it provides verifiable dispute resolution.

Something important to note is that when you create a new BCN wallet, the program will attempt to sync with and download the entire Bytecoin blockchain. Although this method makes transactions more secure, it is not necessary for basic transactions.

The desktop wallet is supported for all three major desktop operating systems: Windows, Mac OSX, and Linux. The RPC daemon also supports all three major operating system and can be downloaded separately.

2.Best Mobile Bytecoin Wallet

Security: Strong | Platform: Mobile and web
Compatible altcoins: Bytecoin +25 other altcoin
Ease of use | Active since 2016

Bytecoin provides an official mobile wallet app, but it is only compatible with Android devices. An alternative third-party wallet called FreeWallet has been endorsed by the official Bytecoin development team, and it offers plenty of features that make it a good choice for mobile users.

Most importantly, FreeWallet is supported by both iOS and Android platforms. Your FreeWallet account can also be accessed by web interface, meaning that you can access your funds even if you don’t have your mobile device on hand. Plus, FreeWallet supports many additional altcoins, so you can easily exchange BCN for whatever cryptocurrency you might need.

FreeWallet has several high-quality security features, including two-factor authentication (2FA), PIN code verification, and fingerprint-based login. It also offers transaction limits per day - a preventative measure that can stop attackers from transferring your money all at once. Finally, it provides multi-signature security so that you can require authorization from more than one person in order to withdraw money.

These features keep your personal wallet safe. Unfortunately, FreeWallet stores private keys and funds on a centrally hosted Free Wallet account, making the wallet a potential target for hackers or corrupt service providers. The cryptocurrency storing Freewallet suffered from a controversy in mid-2017 involving allegations of stolen Ethereum, but the wallet remains highly rated on most review sites.

Be aware that the wallet’s features do give third parties control over your funds, and retrieving your crypto coins can be very difficult if they become stop accesing during the trading, deposit, or withdrawal process. users prefer to maintain direct control over funds, a desktop Bytecoin wallet is best option.

3.Best Bytecoin Web Wallet

Security: Acceptable | Platform: Web wallet | Compatible altcoins: Bytecoin (BCN)
Ease of use: Simple | Active since: 2017

Bytecoin web wallet allows you to access your funds wherever you want. To create a Bytecoin BCN web wallet, you will first need to sign up with a username and email account. This user account can also be used to log in to the official Bytecoin Android wallet app.

The Bytecoin web wallet offers fewer features than the desktop wallet, but it does have basic send and receive functions. It also shows your recent transactions funds and address balances. Additionally, it is integrated with an exchange method, which allows you to instantly buy Bytecoin if you have Bitcoin or Ethereum on hand.

Unfortunately, website wallets are not that much secure as desktop wallets, and Bytecoin's web wallet is no exception. Although it offers two-factor authentication 2FA, which is a standard security practice program, it nevertheless is susceptible to hacking. The Bytecoin web wallet stores private keys and funds centrally, just like Bytecoin’s mobile wallets do.

That said, if you use many different PC and devices, you may value convenience and availability over security, a web wallet may be a good choice.

4.Bytecoin Ninja Best Cold Storage web Wallet

Security: Strong | Platform: Web | Compatible altcoins: Bytecoin (BCN)
Ease of use: Intermediate | Active since: Unknown

Offline wallets are a good way to securely store large amounts of cryptocurrency for an extended period of time. Cold storage wallet can also be used in tandem with less secure wallets simply move Bytecoin from cold storage wallet to your mobile or web wallet only when you need to spend it.

Hardware wallets are the best way to secure a cold storage cryptocurrency. However, none of the hardware wallets Trezor, Ledger, and Keepkey support Bytecoin. In the absence of a hardware wallet, paper wallets are the next best approach to cold storage your cryptocurrency.

Bytecoin Ninja is a community-created paper wallet generator for Bytecoin project. Although the original site has shut down, other sites provide a mirror, such as this one. Ideally, download the ZIP file, disconnect from the Internet, and open the web page offline to ensure that nobody is logging your keystrokes.

As you can see below, the paper wallet created by the generator is not as flashy or decorative as other paper wallets — but it certainly does what it needs to do. It gives the standard public and private keys, which you can use to send money to and from another wallet. 

The generator for paper wallet also provides high-resolution QR codes, which are easy to scan when you need to transfer money to or from a mobile wallet — no typing required. the red lettering serves as a color code that makes it confirm which keys are private and which are meant to be shared.

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