Decred is one of the top cryptocurrencies by market valuation is gaining popularity slowly but surely among the crypto enthusiasts. There are some really good Decred wallets that we will discuss with this article. Decred project itself was started by Bitcoin early enthusiasts who were not satisfied with the development of Bitcoin blockchain. Many of them believed Bitcoin was too centralized in the hands of very few mining pools. That’s why they came out with the idea of Decred that combines both PoW and PoS (Proof of Work and Proof of Stake).
The idea of Decred is to have a fully autonomous cryptocurrency that will have a hybrid voting system from both the miners and the verifiers who need to stake DCR (Decred) coins. With this article, we will explain which are the best Decred wallets in 2019 and hopefully one of them will be your best option to store your Decred (DCR) coins.
Ledger Nano Through Ledger Live
The best way to store your Decred coins is through a hardware wallet. Ledger Nano directly supports Decred through its Ledger Live application. With a ledger nano, you can easily store and send your Decred coins with maximum peace of mind. Why? Because with a ledger nano, you have to press a physical button on your device before you can send any Decred coin to another wallet address. In this case, any hacker who has remotely compromised your wallet address won’t be able to send your coins anywhere else (because obviously, he won’t be able to press the required physical button).
To use Decred with your ledger nano, you need to install a ledger live application. Make sure to update your firmware and find Decred in the app catalog. Install it. To be able to check your Decred wallet address, you only need to open the Decred app in your ledger live while your ledger nano is connected to your computer. For the full tutorial of Decred wallet through Ledger Nano, you can check the article here.
Atomic Wallet
Atomic wallet is one of the most popular multi-coin cryptocurrency wallets. It is available on different operating systems such as Windows, Mac Os X, Linux, Android, and iOS. Fortunately, Atomic Wallet also supports Decred (DCR) coins. You can easily type ‘DCR’ once you are logged into your atomic wallet account. To receive DCR coins to your Decred wallet, you only need to copy+paste the wallet address into the clipboard. To send your DCR coins to someone else’s Decred wallet, click the send button. Atomic wallet is very easy to use and very convenient to store different types of cryptocurrencies.
If you decide to use Atomic wallet, make sure to save your 12-word backup phrase, so you can always restore the same wallet addresses on another device. You can download Atomic wallet here
Exodus Wallet
Another popular Decred wallet is Exodus. Exodus is one of the most popular multi-coin cryptocurrency wallets on the desktop, but now the same application is also available on mobile operating systems like Android and iOS. Just like Atomic Wallet, you can easily send and receive Decred coins inside your Exodus wallet account. If you cannot find your Decred coins inside your cryptocurrency list in Exodus, you need to click the “+Add More” button under Wallet tab.
Type Decred and enable it so you will be able to see your Decred wallet address. Make sure to backup your 12-word recovery phrase so you can always access your Decred and other cryptocurrency wallet addresses through different devices. Try Exodus Wallet here
Coinomi
Coinomi is another multi-coin wallet for bitcoin and other cryptocurrencies. Just like exodus and atomic, Coinomi also supports Decred. While Coinomi is also available on Windows, Mac OS, and Linux, but it’s mostly known as a mobile application. Using Coinomi is quite easy. First, you will be asked to save your recovery phrase, and then you will need to “Add Coins” and find Decred if you want to send or receive Decred cryptocurrency to your Coinomi wallet.
The User Interface is quite straightforward. You will see 3 different tabs. Balance, Send, and Receive. Coinomi is a good alternative if you do not want to use Exodus, Atomic, or Ledger Nano. Download Coinomi Wallet here.
Decred Official Mobile Wallet
Decred core developers developed their own version of a mobile wallet. It’s called “Decred Wallet” and it’s available on both Android and iOS. The developer name is ‘Raedah Group’. We don’t really recommend this unless if you want a completely separate application to store and send your Decred coins. It’s much more convenient to use Decred along with other cryptocurrencies in multi-coin crypto wallets. However, using an official wallet application is never a bad choice. Decred wallet uses very simple UI to use for everybody. You will have a 33-word seed to backup your wallet. Download Decred Mobile Wallet here
Conclusion
As mentioned earlier, ledger nano is the best choice for Decred wallet. The reason is quite simple. You will have a physical button to press so a hacker cannot remotely compromise your account. Atomic, Exodus, Coinomi, and Decred mobile wallet are good alternatives if you don’t want to spend money to buy a ledger nano. There are also other types of wallet such as AnyBit, Guarda, or Cobo. You can find the full list of wallet applications that support Decred here.
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