Is the Ronin purse safe?

Is the Ronin purse safe

For as long as cryptocurrencies have been with us, they have created multiple purses where cryptocurrencies have been stored. Each one has its advantages and disadvantages, but in this case we will talk in detail about Ronin and why it is a so secure.

In this article you will learn what is Roninwhich type of purse is, because it is so secure and we will know that it stands out from other non-Ronin wallets. If you are hesitating to store your cryptocurrencies in Roninor you think you are vulnerable, you can read more about it in this article.

What is a cryptocurrency wallet?

A cryptocurrency wallet is an application or type of software in which you can keep track of your finances like any other wallet. Within these wallets we can send, receive and save our money, they are very safe and better than those of a bank. It can be easily compared with your bank account, since they have practically the same functions.

As for the best types of wallets we can find cold purses and hot purses, which is the best option in this field. Each one has its advantages and disadvantages that make it one of the most used by common people.

The cryptocurrency wallets have quite complex addresses or can work from your email address. The best of these ways is through complex addresses, as they guarantee an encrypted and totally anonymous process. That is another feature of the cryptocurrency walletswhich are completely anonymous and do not ask for personal data at the time of the transaction.

Is Ronin a secure wallet?

 

Knowing better what is a cryptocurrency walletwe can get a better idea of what Ronin is. This wallet was created by the creators of Axie Infinity to hold our tokens and NFT within the game, here we can save AXS, SLP, WETH and other cryptocurrencies. The wallet is completely free and works as a browser extension.

The best part of the Ronin wallet is that it is stored in a browser and the transaction speed is quite high. To access the Ronin wallet you must have access to the browser that hosts it, so you can send and receive payments in your Ronin account. If you need to open the account in another browser or device, you must enter the seed words, this is a very effective security method.

Seed words are words that are established once the account is created to verify or access later when we log out of that device. The best way to store these words is on paper, in the cloud or a place where we can not lose it by any failure. We do not recommend storing it on your computer, because if it gets damaged from one day to the next, you will lose access to your Ronin account.

When performing any transaction with Ronin inside Axie Infinity we will need to have our MetaMask account logged in. This also ensures a high level of security, because if they get access to your Ronin account, they still need to log in to your MetaMask account. If we make a balance we can realize that the The wallet is quite safe and secure for all its security measures.

What types of coin purses are there?

 

As we have explained previously, there are several types of walletseach one more modern than the other and with its own characteristics that differentiate them. We are going to detail each one of them so that you can choose the best option for you when it comes to store your cryptocurrencies.

Hot Wallets

This type of purse is always found connected to the networkThis is a digital wallet that you can access from any cell phone or computer. This is a double-edged sword, while it is true that we can access from virtually anywhere to make our transactions at any time, we can also be vulnerable to always being on the web.

TrustWallet is the clearest example of this type of Wallets. Electrum, Mycelium and Coinomi also join the list.

Web wallets

This version of cryptocurrency wallet is present in most of the cryptocurrency market that can be found in the browser. The access data and the way to enter this account is by means of a browser with internet connection. You can synchronize your account to be able to open it from your mobile device without any problem.

MyCeliumGreenAddress, GreenAddress, Electrum, CoPay and Jaxx are good examples of this type of wallet.

Mobile wallets

One of the most recent additions to the company and the more practical to use by most people, these are applications that we must use from our device. This type of applications are to perform peer to peer transactions, send and receive normally. You can also cancel certain bills and pay online, it is a good option for people who want to join the world of cryptos and need the practicality of these applications. wallets.

The great advantage of these wallets is that the vast majority of them request a two-step authenticationby sending an SMS to your phone. In addition, it is much more difficult to be attacked, because these purses remain on the web as long as we are on them, unlike a Hot Wallet.

EDGE, BreadWallet, Coin.Space and Electrum are good examples for this type of applications. Recall that many wallets may be intended for a single type of currency.

Cold purses

This type of purse is simple to explain, you store your cryptocurrencies in a physical hardware where they are not accessed through the internet. This is in stark contrast to the hot purses.

Hardware wallets

These wallets are portable devices in which we can store our cryptocurrencies in physical devices, such as a USB memory stick or portable storage. The great advantage of these wallets is that we can access them without the need for internet access.

One of the disadvantages of this storage system is that it can be stolen by a person and lose all access to your cryptocurrencies. The best thing to do in these cases is to set up a password or pin that protect our hardware in case of theft, although it will be difficult to recover it.

Desktop purse

This version is a type of purse which is installed on our computer like any other program, it is similar to the mobile wallets we told you about previously. From the desktop of our computer we can access our wallet, send and receive payments without complication.

These are all the types of wallets Each one has its advantages and disadvantages, depending on your situation, evaluate whether one or the other is better. The Ronin purse is a web wallet.

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