Types of Wallets
There are different kinds of wallets such as full nodes, thin clients and then we’ve got the online exchange companies. With these wallets comes different securities. The safety depends on the kind of storage (cold/offline or hot/online).
Full Node Crypto Wallet
Thin Client Crypto Wallet
Cold, Safe storage
Comparison different types of Wallets
This is a basic comparison, to see the main differences between the possibilities.
|Thin Client||Full Node||Online Exchange companies|
|Trading||Only the currency in which it is made for||Only the currency in which it is made for||Yes|
|Tradingfee||Low||Low||A bit higher, also depends on the companie|
|Most popular examples||Electrum||Bitcoin-qt||BTC-e.com|
|Safety||Use back-ups, passwords, private keys ands seeds||Use back-ups, passwords for private keys||After MT-Gox, use it for trading not for stalling|
The difference between a thin client and a full node is the block depth. The full node is takes more space on your machine and is a slower because it follows the complete chain. The complete block depth.