Simple Guide to the Best Ark Wallets in 2024
Stepping into the crypto world will surely lead you to the need for a suitable wallet to assist you in managing your digital assets. I intend to give you the information required to make that important decision and to share my personal opinion based on experience. This article will familiarize you with Ark wallets and everything you need to know about them, their features and specifications.
01.The Best Ark Wallets
The Ark coin wallets are limited to a small number of service providers, but each one has its own specification. Before we jump to the table below, I want to draw your attention to some delicate questions which will assist you in realizing what type of wallet will fit your needs. I am saying that because the pattern of usage will determinate the right one for you. Meaning that for example only 2 wallets support other coins than ARK and they are perfect in case you want to stash a wide range of digital currencies. Accessibility is also a privilege and its well maintained by all mobile wallets because they allow you to use your funds even for daily routines. But don’t forget that everything constantly connected to the internet brings security risks, so my recommendation is to store there only small amounts of funds. The best way to keep your fortune safe and secure is to bet-on a hardware wallet or the simplest paper one but don’t forget that if you lose the paper carrier, your funds will be forever lost in the network. The features are what make a wallet special but regarding that, a bit later. Just now, please have a look at the list and do not hesitate to click and explore the links presented.
| Type | Name | Compatibility | Supported Coins | Pros & Cons | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Ark Desktop Review |
ARK Only |
Official Ark Client Hierarchical Deterministic |
Download | |
| Hardware Wallets | Full Ledger Nano S Review |
47 Coins ERC20 Tokens |
Highest Security Costs Around 100$ |
See Pricing | |
| Mobile Wallets | Full Ark Mobile Review |
ARK Only |
Official Ark Mobile Client Hierarchical Deterministic |
Download | |
| Web Wallets | Full CoinSpot Review |
30 Coins 20 Tokens |
Multi-Coin No Control Over Private Keys |
Visit Website | |
| Full Ark Paper Wallet Review |
ARK Only |
Official Ark Web Wallet Less Secure Than Other Types of Wallets |
Visit Website | ||
| Paper Wallets | Full Ark Paper Wallet Review |
ARK Only |
Official Ark Paper Wallet Not Practical For Everyday Transactions |
Visit Website |
02. Common Features of Ark Wallets
In between all features, I can distinguish some as common ones, but they are all strongly connected to your privacy and security. I’ll explain them in detail in the upcoming section of the article.
Security and Privacy
As I mentioned the most widely available features are related to your security and privacy, one of which is the support for Hierarchical Deterministic functionalities. Another added benefit is the fact that most representatives are open source, apart from Coinspot. You can find detailed explanations below.
Hierarchical Deterministic (HD)
It is a function that uses a combination of words called “seed” for recovering lost or stolen access to your account.
Open Source
Every user has the opportunity to review or even alter the code and participate actively in the development process.
Secure Ark Wallets to Consider
Wallets for Ark Staking
There are 51 delegated block producers because the network supports DPoS consensus mechanism. In theory, yes you can become one and use your wallet for staking but for the common users, it is not an option of making a passive income.
Transaction Fee Management
The fees on the Ark network are quite well designed and beneficial for all participants in the transaction process. Ark was the initiator of the first dynamic fees, giving the freedom to all users to choose their fees and how much they are willing to spend to process their transaction quicker. The delegated block producers also can amend the fees, they can even set lower than the usual ones and cover the difference from their own profit in order to improve and enhance the trust of the users and ensure that they will vote for him to stay block producer. By this way both sides have mutual benefit, block producers get the block rewards and provide better fees for the users.
03.FAQ
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What is a second passphrase?
It is an additional password attached to each Ark address of yours and consists of 12 random words. In case you want to extend the length of words, each additional 12 words will cost you 5ARK.
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Why should I vote for block producers?
To increase their influence and ensure their re-election on the next block producer votes. To attract more users to get sympathy, potential candidates amend fees and offer lower than the usual ones, so it appears to be a perfect symbiosis with mutual benefit.
04.About Ark
Ark was launched in 2016 with the amazing number of 27 team members working on the project. The platform design promotes mutual relations and user cooperation in order to achieve more. Ark is not a typical virtual currency because it is a token which has a monetary value. The company strives to reach the public and offer one safe platform for easy mass adoption with unique features.
The main figure behind Ark is Francios Xavier currently standing as head of Ark development department and previously responsible for the infrastructure of Bitshares network. With his help and the huge development team behind the scene, Ark may acquire the needed attention and realistically meet public adoption quite soon, of course since we speak about crypto, nothing is 100% sure. The platform, in general, serves a great purpose and offers amazing synergy between all elements of the system. Taking everything above mentioned under consideration including the constant process of development and improvement of the network, we may expect quite bright future for Ark.