Decred Wallet

Anisa Batabyal
| 07 September, 2020 | 2 min

What is Decred Wallet?

Decred is known as an improved version of Bitcoin, which was created in February 2016, that combines both, the Proof of Stake (PoS) and Proof of Work (PoW). 60% of the Decred mining rewards are paid to the PoW miners and 30% to the PoS stakeholders and the remaining 10% is put aside for future development. This means that the holders will be able to earn an ongoing return for staking their DCR apart from the long term price potential of Decred. For storing Decred, you need to have a secure wallet, which adheres to all your needs, yet provides optimum security. Decred Paper wallet is also a means of storing Decred tokens, but not recommended for the beginners.


Click here to buy Decred at best rate in no time


List of top 8 Decred wallets in 2020

The top 8 Decred Wallets in 2020 are:

  • Decredition Wallet
  • Decred Wallet Ledger
  • Decred Command Line Wallet
  • Exodus Wallet
  • Atomic Wallet
  • Coinomi
  • Cobo
  • Guarda Wallet

#1 Decredition Wallet

Decredition is a desktop wallet that supports Decred specifically and is the official Decred Graphical User Interface (GUI) wallet, which has been around since Decred’s inception. It is an open-source wallet, that has slowly and gradually improved over the years and now it offers a great for sending, storing and receiving Decred. This desktop wallet is available for Windows, Linux and Mac operating system. It provides outstanding security and provides an easy place to store Decred.

Click here to download Decredition wallet

#2 Decred Wallet Ledger

As we all know, Ledger Nano S is one of the most popular hardware wallets, you can safely store Decred tokens in Ledger Nano S, without having to worry about the safety. It requires both your physical and digital inputs to complete any transactions which make it next to impossible to steal funds from Ledger. All data is PIN protected and encrypted, so you can even backup and recover. The ledger wallet supports more than 1000 cryptocurrencies and has proved its credibilities in the crypto space.

Click here to download Ledger Nano S

#3 Decred Command Line Wallet

This is another open source Decred wallet which might not be as friendly as Decredition wallet, but you can set up the wallet based on some helpful guides on installation. The advantage of this Decred Comand Line wallet (CLI) is that you can solo stake your DCR, and yet forego the fees that are charged on staking pools. But one small drawback is that you might have to have your wallet unlocked and PC connected to the network 24/7.

Click here to install Decred CLI

#4 Exodus Wallet

Exodus has been a very popular user’s choice since its inception because of its fantastic user experience and ease of use. The team is very active and they keep on adding new coins. Exodus provides encryption for both private keys and transaction data and so the data never leaves your device. Exodus even provides for recovery of your assets in one click. Exodus is available for Mac, Windows, and Linux operating system.

Click here to access Exodus

#5 Atomic Wallet

Atomic Wallet is known as a universal wallet which supports over 300 coins, of which Decred is an eminent part. Atomic is integrated with some of the crypto exchanges like Changelly which enables you to buy and sell cryptocurrency directly from your wallet using the exchanges. Atomic wallet is available for all kind of operating system- windows, Linux, Fedora, Debian, and Mac. It is available for both Android and iOS, is considered as one of the best Decred wallets iOS.

Click here to download Atomic wallet

#6 Coinomi

Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.

Click here to access Coinomi Wallet

#7 Cobo

Cobo is comparatively recent to the market and acts like staking wallet. Apart from Decred, Cobo has extended its support for over 20 other Proof of Stake coins, and you can stake any of them from Cobo wallet. Even you can access the private keys from the hierarchical deterministic wallets along with PIN codes for enhanced security. The user interface is quite intuitive and clear and even has location-specific features. Cobo is considered as one of the best Decred wallets Android.

Click here to download Cobo wallet

#8 Guarda Wallet

Guarda Wallet is a top multi-currency wallet that allows users to send, receive, exchange, manage and store coins from over 45 blockchains and thousands of tokens. It also supports human-readable addresses and delegation.

 

The wallet provides complete privacy and safety to the users, especially with its multi-signature feature, enabling users to validate transactions with two or more signatures. Being a non-custodial wallet, it does not store any personal data of the users instead encrypts the backup and keeps it onto the user's device.

 

The wallet is very user friendly with its interfaces compatible with Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. Guarda has a built-in exchange and staking option as well.

 

Click here to access Guarda Wallet.

CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to partnership@coinswitch.co or refer our API documentation.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!

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