Looking for best Tezos wallet to store XTZ , NFTs and Tokens powered by Tezos blockchain? Tezos is a smart contract platform, which was designed to reduce cost, save time, and make easy transactions. Tezos is the brainchild of Arthur and Kathleen Brietman, a young couple who raised a massive sum of $232 million just in its initial coin offering in 2017. The main idea behind Tezos was to develop a platform where all token holders will have the power to make decisions regarding up-gradation an improvement of cryptocurrency codebase.
A unique voting system is adopted where a general consensus is achieved through the votes of the token holders and the developers make the necessary changes and improvement in the protocol. There is also a reward system for the voters.
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Understanding Tezos Blockchain
Tezos is a decentralized blockchain platform that aims to provide a secure, scalable, and self-amending infrastructure for building decentralized applications (dApps) and smart contracts. It was proposed in a whitepaper released in 2014 by Arthur Breitman and Kathleen Breitman.
Some key features and concepts of Tezos include:
- Self-amendment: One of the distinguishing features of Tezos is its self-amendment capability. It has an on-chain governance mechanism that allows token holders to propose and vote on protocol upgrades and changes. This means that the Tezos blockchain can evolve over time without requiring hard forks, as the governance system allows for the decentralized decision-making and implementation of protocol updates.
- Proof-of-Stake (PoS) Consensus: Tezos uses a PoS consensus mechanism called “Liquid Proof of Stake” (LPoS). In this system, token holders can participate in the consensus process and help secure the network by staking their Tezos tokens. Stakers are randomly selected to create new blocks and validate transactions, and they earn rewards for their participation in proportion to their stake.
- Smart Contracts: Tezos supports the development and execution of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Smart contracts on Tezos are written in the Michelson programming language, which is a stack-based language designed for formal verification and security.
- Formal Verification: Tezos places a strong emphasis on security and formal verification. Formal verification is a process that uses mathematical methods to rigorously analyze and verify the correctness of smart contracts and protocols. By employing formal verification, Tezos aims to reduce the risk of vulnerabilities and enhance the security of its blockchain.
- Token (XTZ): The native cryptocurrency of the Tezos network is called Tez or XTZ. It is used for staking, participating in the governance process, and paying for transaction fees on the network.
Tezos gained attention for its unique governance model and the potential for decentralized, on-chain decision-making. It aims to provide a flexible and self-upgradable blockchain infrastructure that can adapt to changing needs and avoid contentious hard forks. Developers can build and deploy dApps on the Tezos platform, leveraging its features such as formal verification and self-amendment.
It’s important to note that the information provided here is based on the knowledge available up until September 2021, and there may have been updates or developments in the Tezos ecosystem since then.
How to Buy Tezos (XTZ)?
You can use exchange wallets to put your Tezos tokens as well. They are similar to online web-based wallets. You can also exchange your Tezos to other cryptos on the following exchanges:
Best Tezos Wallet To Store XTZ and NFTs
There is a list of tezos wallets supporting XTZ coins. Few wallets have undergone at least one independent external security audit and listed on Tezos official website. These wallets are Hardware Wallets, Galleon, Kukai, and CLI Wallet. Choosing the best Tezos wallet depends on your specific needs and preferences. Here are some popular Tezos wallets that are well-regarded within the Tezos community:
Ledger Nano S/X (Hardware Wallet)
Ledger is a reputable hardware wallet manufacturer, and their wallets support Tezos (XTZ). The Ledger Nano S and Ledger Nano X provide secure offline storage for your Tezos tokens, offering robust security features and a user-friendly interface. Here is the comprehensive list of hardware wallets supporting multiple chains include Tezos. Ledger Nano X hardware wallet supports Tezos (XTZ) coins as well as Tezos-based NFTs (Non-Fungible Tokens). The Ledger Nano X is a popular hardware wallet that provides secure offline storage for various cryptocurrencies. Buy Ledger Nano Wallet
Kukai Tezos Wallet (web)
Kukai Tezos Wallet is a web-based wallet designed for the Tezos blockchain. It offers a user-friendly interface and provides a convenient way to manage your Tezos (XTZ) tokens and interact with the Tezos ecosystem. Kukai Wallet is accessible through a web browser, eliminating the need to download or install any software. This allows for easy access from different devices without the hassle of software updates. Kukai Wallet is specifically designed for Tezos and supports XTZ tokens and NFTs. It enables you to send, receive, and store Tezos directly within the wallet.
Kukai Wallet offers a clean and intuitive interface, making it suitable for users of all experience levels. It simplifies the process of managing your Tezos tokens and executing transactions. Kukai Wallet allows you to participate in the Tezos proof-of-stake consensus mechanism by delegating your XTZ tokens to a baker. Delegating enables you to earn rewards on your staked Tezos without the need for running your own node. It supports the integration of Tezos-based decentralized applications (dApps). It enables you to interact with Tezos dApps directly from the wallet interface, providing a seamless experience for accessing and using decentralized applications.
Temple Wallet
Temple Wallet is a popular browser extension and a mobile wallet designed specifically for the Tezos blockchain. It provides a user-friendly interface and a range of features to interact with Tezos (XTZ) tokens and decentralized applications (dApps) built on the Tezos platform. Temple Wallet is available as a browser extension for popular web browsers making it convenient for interacting with Tezos dApps and managing your XTZ tokens and NFTs.
Temple Wallet is an open source, decentralized wallet dedicated to the Tezos ecosystem and supports XTZ tokens. It offers an intuitive and user-friendly interface, making it accessible to users of all experience levels. It simplifies the process of managing your Tezos tokens and executing transactions.
Temple Wallet provides seamless integration with Tezos-based decentralized applications (dApps). It also supports Tezos delegation, allowing you to stake your XTZ tokens and earn rewards without running your own node. You can easily delegate your XTZ to a baker of your choice directly within the wallet. This wallet allows you to manage multiple Tezos accounts within the same wallet interface.
Temple Wallet also offers advanced features such as importing and exporting wallets using mnemonic phrases, hardware wallet integration (e.g., Ledger Nano S/X), and the ability to manage and interact with Tezos-based tokens and NFTs.
Galleon Tezos Wallet (Desktop)
Galleon Wallet is a popular desktop wallet designed specifically for the Tezos blockchain. It provides a feature-rich environment for managing Tezos (XTZ) tokens and interacting with the Tezos network. Galleon Wallet is available for Windows, macOS, and Linux operating systems. Galleon wallet is a deployment of Tezori. It is an open-source wallet framework for Tezos tokens, which supports both hardware and software wallets in eight different languages. Galleon Wallet provides built-in support for Tezos delegation and baking. You can stake your XTZ tokens and earn rewards by delegating to a baker of your choice, all from within the wallet interface. It offers features for managing delegation and tracking rewards. It allows you to manage multiple Tezos accounts within the same wallet.
Atomic Wallet (Mobile/Desktop)
Atomic Wallet is a new multi-assets solution for the convenient storage of Tezos. For sure, Atomic can be used not only as XTZ wallet: it currently supports over 300 coins and tokens. Besides, every weekly update adds new crypto assets and features. The desktop app is available for Windows, macOS, Ubuntu, Debian, and Fedora. Alpha versions of Android and IOS mobile apps will be released in November 2018.
Coinbase (Web/Mobile)
Coinbase is one of the biggest cryptocurrency wallets and exchanges operating in 55+ countries worldwide. Customers can store, buy, and sell supported cryptocurrency through a connected bank account, card, SEPA transfer, and few other payment modes. Coinbase is an easy to use reputed and safe platform. It is a Francisco based company with FDIC insurance up to $250.000. Coinbase supports major cryptocurrencies such as Bitcoin, BCH, Litecoin Ethereum including Tezos (XTZ). Get Coinbase Wallet
Trust Wallet (Mobile)
Trust wallet is a popular wallet added support for Tezos. Trust wallet is one of the trusted and safest wallets to store tokens and coins. It is a multi-coin wallet that offers support for ERC20 tokens as well. Trust wallet works seamlessly with Binance dex. So for traders, it is a good option to put tokens in Trust wallet to trade on Binance Dex.
AirGap (Mobile)
AirGap Wallet is an open-source mobile wallet through which users can achieve security like a hardware wallet. It can also be considered as an alternative to hardware wallets. It is a combination of two wallets called AirGao Wallet and AirGap Vault where the AirGap wallet is used to store your funds while AirGap Vault is used to sign the transaction.
Users can install AirGap vault to the separate offline mobile device which is not connected to any network to ensure the highest level of security. AirGap Wallet equipped with a built-in exchange for an instant swap between tokens. Read more about AirGap Wallet
Exodus (Mobile/Desktop)
Exodus Wallet supports a wide range of cryptocurrencies, including Tezos, Bitcoin, Ethereum, and many others. This allows you to manage and store multiple digital assets within a single wallet. Exodus Wallet provides a visually appealing and easy-to-use interface. It offers features like portfolio tracking, transaction history, and a built-in exchange for swapping between supported cryptocurrencies. The Wallet incorporates various security measures to protect your funds. It uses a hierarchical deterministic (HD) wallet structure, meaning a new unique address is generated for each transaction. Additionally, it allows you to set up a password and offers optional two-factor authentication (2FA) for an extra layer of security.
Exodus Wallet includes a built-in exchange service that allows you to trade cryptocurrencies directly within the wallet. This feature provides convenience and eliminates the need to use external exchanges for basic trading. It offers a portfolio tracker that enables you to monitor the value and performance of your cryptocurrency holdings. It provides insights into your asset allocation and historical price charts for better portfolio management. Exodus Wallet is available as a desktop application for Windows, Mac, and Linux, as well as a mobile app for iOS and Android.
Guarda (Desktop/Mobile)
Guarda is a multicurrency wallet that is currently offering Web Wallet, Desktop Wallet, Mobile Wallet and Chrome Extension. With Guarda wallet, you remain in control of your private keys at all times. Like other web and mobile wallets, the keys to your crypto assets are encrypted and secured on your own device. For an extra level of security, you can apply a PIN to access the Guarda app. Guarda has a built-in exchange which is the feature I like the most. It allows you to trade coins within the wallet. It supports bitcoin, Monero, Litecoin, and Zcash and many other coins including XTZ. Visit Guarda Wallet
