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How to Store ADA

Cardano Wallets

Exchange Wallets

We mentioned in our How To Buy article that online exchanges give you a wallet with them. Whilst these are protected by these huge companies, and they are essential for exchanging, we recommend you get an external wallet away from the Exchanges.
With your own wallet you control your ADA. If for example a government body was to restrict your chosen Online Exchange's business, you will remain in full control of your ADA if it is in your own external wallet.

Nami Wallet

Website Wallets

The main website wallets available are Nami, Eternl (ccvault) and Yoroi. Nami integrates nicely with various websites (and soon Uglies)

All these example have an extension for Chrome that you install. Once installed you can create a bunch of wallets ! (One is plenty for starters)

Ledger Wallet

Daedalus

Daedalus is the daddy of ADA wallets as it is a FULL-NODE wallet, meaning it downloads the entire history of the Cardano blockchain. Daedalus can be installed for Mac, Windows, Linux and it can take considerable time to synchronise.

The main (nerdy) benefit of Daedalus is that it's "trustless" , meaning it stores its own full copy of the blockchain for you and does not rely on 3rd parties hosting the full-node.

Cardano

Ledger

With all the wallets above you secure them with a passphrase (if you loose them) and a password for making transactions. Whilst this is pretty secure the next step up is buying a hardware wallet like a Ledger.

Ledger Nano S is a secure Bitcoin hardware wallet. It connects to any computer through USB and embeds a built-in OLED display to double-check and confirm each transaction with a single tap on its buttons. Payment validation features are provided by the software wallet you use with this device.

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