There are not many things in the world that cannot be improved. Especially when it comes to fundamentally new technologies. The Kick Ecosystem development team summarized the experience of earlier cryptocurrency exchanges and proposed their own solution. Kick Ecosystem created by traders and for traders
What is Kick Ecosystem
Kick Ecosystem is a decentralized fundraising platform like Kickstarted and other similar centralized models. The platform positions itself as a set of tools to cover all financial needs. The ecosystem includes the KickEX.com exchange, KickID single sign-on system, KickWallet multi-currency crypto wallet, crypto payment gateway, messenger, mobile app, token sale and exchange pricing solution.
The platform currently supports 12 popular cryptocurrencies. In addition, the team is working on creating a technical and legal framework to support fiat currencies.
The platform was created on the basis of the Ethereum blockchain and uses its own cryptocurrency KickToken (KICK) – a token of the ERC-20 standard. You can buy KICK on PancakeSwap, BitMart and KickEX.
The choice of wallets for storing Kick Token is quite rich and we will consider a few of the best.
Where to store KICK
First of all, we recall that a crypto wallet is nothing more than special software. Unlike physical wallets for storing fiat money, a crypto wallet does not store your coins, but access keys to your balance in the blockchain.
The software is delivered as applications for mobile and desktop devices, as a service on cryptocurrency exchanges, or on hardware.
Depending on the connection to the Internet, storages are classified as cold and hot. Cold vaults are self-contained and are optimally suited for accumulating funds for a long time. The hot wallet group includes all mobile applications and web clients. They are more convenient for everyday use of tools, including cryptocurrency exchange online at LetsExchange, but more vulnerable to cyber threats. It is not recommended to store large amounts in them.
Hardware wallets
Hardware wallets are considered to be one of the best options for storing cryptocurrencies. They use high-tech encryption algorithms to protect your funds from cyber threats. If the device is nevertheless somehow compromised, damaged or lost, its owner has the opportunity to restore access to their funds. For this, a mnemonic phrase is used.
A hardware wallet is a small portable device that looks like a flash drive, an electronic key or a key fob. As needed, it is connected to the Internet.
Among hardware devices, Ledger and Trezor devices traditionally lead the way. Both manufacturers have entry-level models that are easy to operate and affordable.
Trust Wallet mobile app
Trust Wallet is officially supported by Binance and is very popular among investors and traders. It is simple and easy to use and also quite safe. It is important that Trust Wallet provides the ability to backup. It supports ERC-20 tokens and the team regularly updates the list of supported coins.
Atomic Wallet
It is a multi-platform wallet that exists in multiple desktop and mobile versions. In addition to Kik Token, it supports more than 300 cryptocurrencies, including BEP2 and ERC-20 tokens. In addition, there is the possibility of swaps inside the wallet and a built-in exchange.
MyEtherWallet
Among web storages for ERC-20 tokens, MyEtherWallet is beyond competition. You can store all tokens of this standard directly on the blockchain without installing any software or client. Users should still remember that all web versions of wallets are more vulnerable to phishing threats compared to hardware ones.