List of Best DASH Wallets | Where To store DASH Cryptocurrency
List of Best DASH Wallets
Just when crypto world was basking in the glory of Bitcoin and Ethereum, a new player entered the market as a dark horse of this race towards supremacy. DASH, which gained massive popularity off was once in the list of top 10 cryptocurrencies available in the marketplace. The best feature of this crypto is that it does not fluctuate much like its contemporaries and can cling to the price increase much better compared to cryptos which plunge down the price curve almost instantaneously. DASH also serves as a potent investment given its strong foundation, practical usage and stellar management team which has a significant role to play behind its remarkable performance off late.
Security becomes a burning area of concern whenever you are storing objects having a market value. While a private ledger is used by banks for storing its balances, cryptocurrencies make use of the unique addresses on distributed public ledger for storage of balances. A hardware wallet is considered the safest option if you are holding cryptos which are worth more than the device used for its storage. The following features need to be examined before proceeding with the purchase decision of a crypto wallet:
- It must have an elegant user interface.
- It must be compatible with various operating systems.
- It must have the backing of an active development community who can take care of routine maintenance.
- It must provide users with the option of controlling their private key.
- Stellar support of backup and security attributes must be existent to send pin codes whenever the requirement is felt for the same.
Top 10 DASH Wallets
DASH Core iOS
DASH Core iOS is a Mobile Wallet for Iphone which was launched after a rigorous review process on the Apple store, this mobile wallet earmarked for being used by iPhone users connects with the DASH network directly without the requirement of any external server. Thus, the probability of the same in getting hacked also gets diminished. You can also recover your funds if your wallet gets damaged or lost. Coupled with ShapeShift integration, users can convert their DASH holdings easily into Bitcoin. You can make use of the InstantSend feature of DASH with its Core iOS. However, the usage of PrivateSend feature is not allowed.
Dash wallet is an open source Mobile Wallet for Android mobiles which was developed by Hash Engineering Solutions for engaging in DASH transactions in a secured manner. Users can also engage in offline transactions using their Bluetooth and control DASH private keys. This BIP32 HD wallet helps in exercising control over the private keys although the same cannot be exported out of the DASH wallet. Available across Android devices, the DASH wallet allows the usage of InstantSend feature although the PrivateSend feature cannot be availed.
DASH Core is a Desktop Wallet which gives the access to all the features of DASH coupled with the official GUI desktop wallet which allows you to use premium features such as InstantSend, PrivateSend, masternode management, governance and much more. Coupled with the secured private keys which does not require any verification or ID, you can gain optimum access over your DASH funds. However, this wallet requires quite some time for being synced with the entire blockchain and might eat up a bulky memory space. Presently available over Windows (32/64), Mac, and Linux (32, 64, Raspberry Pi 2) platforms, the DASH Core wallet allows its users to perform both PrivateSend and InstantSend functions.
DASH Paper Wallet
You can store both the private and public key of your DASH tokens using this wallet. This cheapest form of cold storage does not rank high of safety as anyone who gains possession over your wallet can access all of your funds easily.
JAXX is a popular multi crypto mobile and desktop wallet having a blockchain interface which was created by Decentral, a Canadian-based company. Rendering support to 14 different cryptocurrencies, this HD wallet provides users with a 12-word backup key for fund restoration. You can even export and import the keys whenever felt necessary. An easy user interface has been imparted by the active development community. ShapeShift.io integration helps Jaxx in providing currency exchange functions making it a must-have for multi-currency aficionados. However, you cannot perform PrivateSend or InstantSend DASH transactions using the Jaxx wallet which is compatible with Mac OS, Windows and Linux. It is also available over iOS and Android in mobile or tablet versions and Chrome and Firefox browser extensions. The Jaxx manufacturers are in the process of coming up with hardware wallets in upcoming months.
Coinomi is a mobile only wallet that renders support to more than 200 tokens and 70 crypto-coins. Reproduction of a fraudulent copy of their wallet code caused the wallet to get converted from open-source to closed-source. You can control your private keys using the seed keys just like other secure wallets. The innovative development team has established perfect harmony between security and user interface. Available only on Android platform, the Coinomi wallet does not allow users to perform InstantSend or PrivateSend functionalities.
Exodus is a HD desktop wallet which was created in the middle of 2015 by Daniel Castagnoli and JP Richardson. Paired with an attractive user interface, this multi-cryptocurrency desktop wallet provides you with your entire coin portfolio through a pie chart whenever you open the Exodus wallet. However, the security does not get compromised with its easy usage as users restore their wallet using a 12-word recovery phrase. Users also do not require to undergo any identity verification or registration for using the wallet however it is necessary to obtain a backup of the seed key. Exodus provides support to 11 different cryptocurrencies and is compatible with Linux, Mac and Windows. However, it does not allow InstantSend or PrivateSend of DASH transactions.
Trezor Hardware Wallet
Born out of SatoshiLabs, a Czech Republic-based company, Trezor is the very first hardware wallet of the world which supports eight different cryptocurrencies such as Namecoin, Ethereum, Bitcoin, Ethereum Classic, Dash, Dogecoin, Litecoin and Zcash. You can see the 24-word recovery seed and randomly generated nine-digit pin code in its small OLED screen which can be of great help in maintaining the security of your fund especially when used offline. You can avail this portable and light weight device in the three different colours of grey, white and black by shelling out just 99$. Although users cannot perform PrivateSend and InstantSend of DASH transactions using this wallet, its manufactures are in the process of coming out with similar support pretty soon.
Ledger Nano S Hardware Wallet
Available only for 65$, the Ledger Nano S is one of the most inexpensive DASH hardware wallets plying the market where you can store your DASH tokens offline. The Ledger uses a private key stored in the device for signing transactions whenever you wish to spend DASH. The OLED screen of this wallet aids in exercising complete control over the transactions. Coming to security, this wallet does not win the top slot. Thus, if you have a hefty DASH kitty to store, then the Ledger Nano S is not the safest of all options. Although you cannot perform PrivateSend and InstantSend using this wallet, support towards the same is expected to be provided soon.
KeepKey Hardware Wallet
This hardware comes with a pretty bulky size and offers support to six different cryptocurrencies. It also offers the backup seed key feature like that of other wallets.
A hardware wallet like Trezor or Ledger can be the safest option for storing large quantum of DASH in the long run. On the other hand, you can opt for Coinomi or DASH iOS if your holding is significantly low.
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Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.