As for me I don't like online wallet because I don't see it as safe as saving our cryptocurrency in offline wallet. But the reason why do sometimes save my cryptocurrency in an online wallet is because there is chance for me to exchange it to other currency with low fees like remitano.
Benefit of using an online wallet
- Thread starter Enxx
- Start date
It is not so hard to be not loser in term of security I suggest you either coinpayments or binance or coinbase as secure by 2 factors authentication or login by the qr code for storing earnings.
Basically Remitano is a P2P crypto exchange that allows its users to store crypto called wallets. In general, online wallets, both websites and applications, are very easy to use, especially for daily transactions, anytime and anywhere, but I recommend that the funds you store in the online wallet are no more than a thousand USD.
The advantage of using an online wallet is that it is more practical, you don't need to carry a lot of cash when traveling, you can pay directly using the application, it is safer from pickpocketing/theft, and so on.
Online wallets have advantage over offline wallets because they can be easily accessible. It's very easy connecting with dapps so one can interact with crypto platforms. Connecting hardware wallets to dapp is not fully supported.
