8 Lisk Wallets to Safely Store Your Coins
Are you looking for reliable Lisk wallets to safely store your coins?
Well, you are in the right place!
Where are you currently storing your Lisk?
If the answer is on exchanges, such as Binance, then you should know that this is not the safest option. In fact, these services keep your private keys under their custody – in the same manner as when you deposit your funds in a bank.
Given the different needs of users, there is no one-fits-all wallet, but we can list the different features users are looking for when selecting a reliable wallet:
- SECURITY: where users control the private keys;
- BACKUP: backup keys and pin codes;
- COMMUNITY: active development community, frequent updates and bug fixes;
- USER FRIENDLY: intuitive UI, easy to use.
Let’s now look at the top 8 Lisk wallets to safely store your Lisk – for security reasons, all of them are desktop or mobile wallets, there is no available web wallet in the list.
Lisk Nano is Lisk’s oldest desktop wallet. It is very convenient for beginners, as it aims to be as simple to use as possible and does not have to synchronise with the Lisk blockchain. The wallet also allows its users to have full control over their private keys.
However, Lisk Nano does not have advanced security features such as 2-factor authentication or multisig functionalities.
Nano is the perfect wallet for beginner users that are just approaching the Lisk ecosystem and simply want to store their coins. We do not recommend this wallet for users wishing to capitalize on more advanced features or for developers.
The release of Lisk Mobile is seen as an important step towards greater adoption of Lisk.
In fact, the app is available both on the iTunes and the Google Play stores, allowing anyone having a smartphone to be able to store Lisk. At the moment, the wallet has only a limited set of features that will be complemented by future updates and new implementations.
As of now, users can create and sign into a Lisk account, transfer, receive and request LSK, get an overview of the account activity and explore individual transactions.
The Lisk Mobile wallet is set to become the most used wallet for Lisk, tailored to any individual that wishes to have its user-friendly Lisk wallet always with him.
To learn more about the features that will be introduced, check out our article about the release of Lisk Mobile!
Download Lisk mobile on the Apple Store and the Google Play Store.
We already dedicated an article to the recent release of Liskish Wallet for Ledger Nano. With the release of this wallet, users can now safely store their LSK on the Ledger Nano S.
The Liskish Wallet is a feature rich wallet that takes advantages of the functionalities of the Ledger Nano S, allowing users to receive Lisk and vote for delegates.
It is a very secure wallet, as it is hosted by an hardware wallet and focuses its value proposition on the added security provided.
We recommend this wallet for users that own a consistent quantity of LSK and wish to hold them with state-of-art security measures.
Lisk Paper Wallet
Creating a paper wallet is always a good option to cold store your LSK – that is, storing them offline. While there are many wallets that are more user-friendly, creating a paper wallet is also a good solution.
Make sure to safely store your paper wallet, as there are no backups! This solution does not have additional features, but it allows users to send and receive transactions.
The Lisk Commander Wallet is specifically designed to be a useful tool for developers that code with a Command Line Interface (CLI), allowing the possibility to interact with the Lisk Core client with the use of a command line. This functionality facilitates delegates and node operators, enabling them to communicate with nodes and carry out their tasks from the command line with ease.
Together with Lisk Core, Lisk Commander is considered one of the best wallets for advanced users.
Check out our article to know more about the features of this wallet.
Freewallet is one of the easiest wallets to use. It is an open source wallet that can be easily downloaded both on iOS and Android devices. It has a QR authentication feature, generating new addresses and keys when you log in. You can simply use your passphrase to log in from anywhere – on any device. Unfortunately, Freewallet is not as good on the security side, as it retains full control of the private keys of users and does not allow them to back up files, resulting in a more centralized solution!
So.. Which one is the best wallet?
It depends on your needs, whether you are a beginner or an advanced user and whether you are a developer (or a delegate) or just a simple user wishing to store his LSK.