What is a Trust Wallet and how to create an account

 How to Create and Setup an Ethereum Classic Wallet

Recently, the price of the digital currency Ethereum classic for 2021 increased by 500%, compared to the absolute minimum by 2773.3%. According to the most cautious forecast, the price of classic Ether should rise this year to $50, which means that this currency should be bought or earned in mining and held until better times. But, this will require a reliable and secure ETC wallet .

What is better to choose? Web service, local storage, or secure hardware? 

Let's deal with this issue and announce the list of ETC crypto wallets that you should pay attention to in the first place.

Best wallets for Ethereum Classic

At first glance, the ideal option for storing a cryptocurrency should be the official wallet of ETC developers . But, since several independent teams of blockchain engineers are working on promoting this altcoin simultaneously, the official Classic Ether Wallet came out rather late. In addition, a desktop wallet is not always convenient, and an Internet application cannot be compared to a physical device in terms of security.

Top 5 wallets

As an alternative to the MEV web wallet , you can use Squarelink or MyCrypto wallet. And if you need a full node, download the multi-platform Emerald Wallet.

Create an online wallet

If you want to get a new Ethereum Classic wallet to work in a browser, you have to select one of the web wallets on the official website. Recommended for use:

• myetherwallet
• MyCrypto
• Portic.io
• Square Link

The Guarda and Holy Translation multi-currency online wallets have proven themselves well. The most popular is MEW , which is suitable for almost any coin created on the Ethereum blockchain . And now we will tell you how to transfer it to an Ethereum Classic wallet .

myetherwallet

Algorithm for creating a new wallet.

• Go to the interface of the platform and click on the “ Create New Wallet ” button in the upper right corner.
• Then choose a wallet creation method. 

You will be asked:

• You install the mobile application using the QR code.
• Generate a phrase.
• Save the keystore file.

The developers advise choosing the first option, but you cannot switch to the Ethereum Classic network in the mobile MEW interface . And you will have to work only through the browser.

And when working with MEW , it is necessary, after saving the keystore or gateway, to enter the online wallet interface and switch the network to ETC currency . After that, the balance will be available to you and you will be able to perform outgoing transactions.

MyCrypto

The MyCrypto wallet can be used as a web interface or as a PC application. And MyCrypto Desktop is an open source client-side tool for creating ethereum wallets, processing tokens, and facilitating interaction with the blockchain . And for added security, you can also run MyCrypto locally. The MyCrypto app allows you to create new addresses and create transactions offline, after which you just need to copy the signed transaction to a computer connected to the internet in order to broadcast it to the Ethereum Classic network . And you will in fact have a completely isolated wallet from the network.

You can also create a new private key, keystore file, or recovery passphrase and access the wallet using the desktop application on an offline computer. Since there is no internet connection, you will have to fill in some fields manually like price and nonce. The wallet is connected to the blockchain through one of four nodes:

• MyCrypto
• Etherscan
• insomnia
• pocket mesh

MyCrypto will automatically use one of the four nodes mentioned above, and if one of them fails for some reason, use the other nodes by default. You can download the application from the official website . Versions have been made for Windows, Linux, and macOS.

Ledger Nano X

Let's move on to the actual wallet. It is a small computer made in the form of a flash drive with a screen and two buttons. The purpose of this device is to prevent hackers from accessing your assets when you are online. Let's talk about the most popular devices in this market segment.

The hardware vault stores the secret access keys to the blockchain in an authorized security chip. And if you lose your device, you can easily take back control of your assets from another Ledger wallet. And you just need to enter a 24-word recovery phrase. The Ledger Nano X digital wallet is simple and easy to use.

And to send money, you need to connect the device to a computer, and transactions can be made securely. Even if spyware is installed on your computer, the hacker will not be able to steal your coins. The wallet can be controlled via the mobile app by connecting to a smartphone via Bluetooth. The physical Ledger wallet works with the ETC cryptocurrency using its own Ledger Live app, MyCrypto or MyEtherWallet web services.

SafePal

SafePal S1 wallet was created with the support of Binance Labs, and is completely independent. And works via a USB cable only to recharge the battery. All transactions are made in the mobile application, and are signed in a contactless manner by scanning QR codes. To set up a new wallet and sign transactions, a small screen and control buttons are installed on the SafePal hardware safe .

The wallet can receive data while working offline in an isolated environment. And for the convenience of storing the memorial ferry, a metal SafePal Cypher plate is included with the device, which can protect your seeds from fire, water and corrosion. But, keep in mind that once an attacker takes possession of your Cypher , he will be able to have almost complete control over the assets on the wallet.

Keep your cipher and the remaining characters in a safe place. You can order a physical SafePal wallet at here .

Safe

This physical wallet is made in the Czech Republic. It was developed by the creator of the first mud mining pool, Marek Palatinos. Trezor's hardware safe has more screen space, but it also costs more. Otherwise, these devices

Mobile wallet for ETC

If you need to keep your Ethereum Classic wallet always on hand, use one of the multi-currency services. The official website also has a list of recommended apps, and we will only look at a few of them.

trustwallet

 It is the official crypto wallet of the Binance platform . The trust works seamlessly with the Binance DEX and Kyber Network protocols, making it possible to conduct instant transactions on a decentralized exchange. The Trust Wallet is easily integrated with the Web3 browser, allowing it to interact with any decentralized application (DApp). The official website for developers .

Jaxx

Jaxx wallet is well known to blockchain enthusiasts . The app is installed across platforms on a smartphone or PC, and can also be used as an extension for Chrome. Jaxx supports all top cryptocurrencies, including ETC , and is equipped with an exchange function. To open a Jaxx mobile wallet :

1. Download the app from Google Play or the App Store.
2. Accept the user agreement and select "Create a new wallet".
3. Select the installation option (for beginners it is better to choose express).
4. Select your ETC coin from the list and click "Open" to get the address of your ETC wallet.
5. Don't forget to make a backup so you can regain access to the funds in case you lose your smartphone. Open your backup wallet and write down the memorial phrase.

mask

The Metamask browser app is designed to store Ethereum and ERC-20 crypto tokens. But this wallet can work with other blockchains, including Etherum Classic . To do this, you need to add the network manually. And if you don't have this wallet yet, install the extension and create an account.

After creating a Metamask wallet , click on the "Networks" line in the upper right corner, select "Add a network", and then enter the following data:

• Network name: Ethereum Classic
• RPC's New URL
• ID 61
• Cryptocurrency index (optional): ETC
• Block explorer URL ( optional)

Save your settings and set Ethereum Classic as your main network. Done, you can now send your ETC to Metamask . Thus, you can store ETH , ETC and other cryptocurrencies using a reliable and built-in browser app.

conclusion

In conclusion, it must be said that no matter what classic wallet you use, the safety of your assets depends on you in the first place. And if you store your password and seed phrase online on the hard drive of your computer, sooner or later a hacker will access it and leave you without money. Do not neglect the security rules, and beware of scammers. And good luck to you!