In the next infographic, we’ll be explaining the different options to store your Pesetas. The first thing we have to explain is that wallets don’t store your funds, what they store is your private key (in some cases), that’s why as we’ll see later is that important to have your own private keys.
There are 3 types of wallets: The software wallets are the ones you have to install in your computer or phone like Core, Electrum-Peseta or phone app. The second type is webwallet. There are wallets you can access from your browser and it doesn’t require installation. The last type of wallets are the hardwallets like Trezor or Ledger. It’s an specialized USB to store your private keys.
Let’s get more into details.
Is the wallet with a very simple GUI and very easy to use. Advance users can the all functionalities from the console. As negative point, it has to be pointed out that it takes long time to start using it since it has to download the whole blockchain. From security point of view, is one of the safest ones. You can recover your wallet from your backup wallet (wallet.dat).
Is the lightweight and fast version of Pesetacoin Core. You don’t need to download the blockchain to start using it. Is very easy to use and it has a lot of features for users and merchants. From security point of view, is even more secure than the Core. You can recover your wallet from the seed (the 13 words you will have to note down when you start the wallet).
The online wallet that you don’t need to install, don’t need to download the blockchain and can be used from any computer in the world. Very easy to use. From the security point of view, you don’t have access to your private keys, therefore is not a good option to have large amounts of Pesetas or even small amounts for long term.
It’s a wallet printed in a paper. Not easy to use because you need to be very careful while printing it. From security point of view is very safe if made properly. Only for experts.
Is the site where you buy and sell coins. Very easy to use but you don’t control your private keys, therefore from security point of view is not advisable at all.
Hard Wallet (Ledger, Trezor, Keepkey)
They’re specialized USB’s focused on long term private keys storage. Very easy to use and very safe. Still not available for Pesetacoin.
Here you have an infographic to undestand better the pros and the cons of each of it.