Sia is an exciting project, and it’s understandable why so many crypto enthusiasts want to know which are the best Siacoin wallets in 2019. Siacoin is the native cryptocurrency in the Sia ecosystem. It is basically a platform of storage, but the network is decentralized due to its utilization of the blockchain technology. Sia uses computing power from the community all around the world to form a data storage that’s considerably more ‘efficient’ and theoretically more ‘secure’ than the centralized cloud platforms.
The idea of Sia is that a decentralized platform like itself will be 90% more cost-effective. And of course, Sia redistributes all of the files to nodes all over the world to remove a single point of failure and to make sure the ecosystem will always be online. Without further ado, let’s review the best wallet applications to store your Siacoin safely.
1. Ledger Nano S
The best option to store cryptocurrencies is with a hardware wallet. In the Siacoin wallet case, Ledger Nano S is your best bet. Available for just $60, you need to connect your Ledger Nano S into your computer device. It works exactly as it’s intended for, which is to have maximum peace of mind. Cryptocurrencies always ‘attract’ hackers. It might not be safe for you to store your cryptocurrencies in a software application, especially if you like to access less-popular websites for some reason (such as for your work).
With a ledger nano, a hacker won’t be able to control your cryptocurrencies remotely. For someone to be able to send cryptocurrencies inside a ledger nano device, he or she needs to press the physical hardware button. This is why a ledger nano is considered much safer than any software or web-based wallet application.
To use ledger nano S with your Siacoin, you can follow this tutorial. Basically, you need to install ‘Siacoin’ inside your ledger live application, after you connect your ledger nano to your computer. Then, you need to install both Sia Daemon and Sia Client. This is required because a Sia app in the ledger nano requires the ‘full blockchain’ synchronization.
To visit ledger nano website, click here
Sia-UI is the official wallet application of the Sia ecosystem, made directly by Nebulous itself (the creator of Sia). It is not a light wallet application. Sia-UI is a full blockchain wallet application, which means you need a lot of storage space in your computer to be able to use it. According to the official page, you must have at least 15GB of storage in your computer to be able to use Sia-UI. Keep in mind that the blockchain size will only get larger in the future due to the nature of blockchain being immutable, so you need to have even more space.
The wallet interface itself looks modern and nice. It’s very easy to use Sia-UI, and you don’t have to worry about future updates as this application will always be supported by the core developers. Sia-UI is available for three computer operating systems, Windows, Mac, and Linux.
To visit SIA-UI website, click here
3. Sia Wallet For Android
If you do not want to spend your money on a ledger nano or spend your time to download Sia-UI application, this is the perfect solution for you. Sia wallet for Android is an Android client to access your Sia account and of course, to receive and send Siacoin as well. While the application is often criticized for its long sync time, to be fair, it is not the fault of the wallet itself. Sia blockchain takes a lot of time to ‘fully’ sync.
This wallet has a very simple user interface. It is fairly easy to use, and it is also very straightforward. You can easily store and send your cryptocurrencies and also use the same application to store your files in the Sia network.
To download Sia Wallet For Android, click here
Unfortunately, there aren’t many wallet applications that support Siacoin. More popular multi-crypto apps typically don’t support Sia. Three options above are the best Siacoin wallet options you can use in 2019. Once again, if you don’t mind to spend $60 to buy a hardware crypto wallet, it is advisable get a ledger nano. Otherwise, you can try Sia Wallet for Android for your phone or Sia-UI for your computer.
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