Web Wallets

Web wallets allow you to create, access and transact from an ERC20 address with an associated private key / seed phrase. These web-based user interfaces do not actually store your information nor your ERC20 tokens. Instead, they allow you to create a new wallet or connect an existing wallet and, using the site’s user interface, transact with the blockchain using that wallet. The wallet is 100% in your control and web wallets created on one web wallet site can be accessed using a different web wallet site as long as you have the associated private key / seed phrase of the wallet you are attempting to access. All web-based ERC20 wallets allow for the deposit and withdraw of any ERC20 token. Some popular tokens are automatically recognized by the wallet user interface. Other, less-known ERC20 tokens may need to be “added” to the user interface so the coins will be visible. This is commonly referred to as “adding a custom token”. Popular Web Wallets Include:

• MyEtherWallet
• MetaMask
• Mist Wallet

Mobile App Wallets

Mobile app wallets are wallets that are created and managed with a downloaded app to your cell phone or tablet. They are typically more user-friendly as compared to web wallets, but slightly less secure in that your mobile device is likely always connected to the internet. Though rare, a breach in the app’s software or connection or even malware installed on your mobile device could compromise such app- based wallets. Most mobile app ERC20 wallets allow for the deposit and withdraw of any ERC20 token. Some popular tokens are automatically recognized by the wallet user interface. Other, less-known ERC20 tokens may need to be “added” to the user interface so the coins will be visible. This is commonly referred to as “adding a custom token”. Popular Mobile App Wallets Include:

• Atomic Wallet
• Trust Wallet
• Coinbase Wallet
• Klever Wallet

Hardware Wallets

Hardware wallets are the most secure wallets in that they require physical possession of the hardware device to transact from the wallet. Hardware wallets typically come with associated software you can install on your computer in order to access your ERC20 tokens. Most hardware wallets are also able to connect with web wallets. The key security feature of Hardware Wallets is that you must physically confirm transactions by clicking buttons on the hardware device. This adds an amazing level of security since your coins cannot be moved without also having the hardware device (assuming your private key is safe, secure and only known by you). All hardware-based ERC20 wallets allow for the deposit and withdraw of any ERC20 token. Some popular tokens are automatically recognized by the wallet user interface. Other, less-known ERC20 tokens may need to be “added” to the user interface so the coins will be visible. This is commonly referred to as “adding a custom token”. Popular Hardware Wallets Include:

• Ledger Nano S & Ledger Nano X
• Trezor
• SafePal S1

Exchanges

It is recommended to never use an exchange as a long-term wallet. There are many well-trusted exchanges. Such exchanges may or may not have insurance to help mitigate any losses you experience from a security breach on the exchange wallets. But exchange wallets are typically “hot wallets” which a means they are connected to the internet at all times making them less secure than a “cold wallet” – a wallet that is created offline and not connected to the internet such as a hardware wallet. An important note: Exchanges only allow for the withdraw of coins the exchange supports. Therefore, it is possible to send an ERC20 token to an exchange wallet that the exchange does not support. Therefore, while your ERC20 tokens would have been deposited to the exchange wallet, they will not be visible in your user interface and cannot be withdrawn. It is important to verify that the exchange you are sending your ERC20 tokens to supports the ERC20 token you are sending.