Reddcoin Wallet

Anisa Batabyal
| 08 May, 2020 | 2 min

What is ReddCoin Wallet?

ReddCoin is a peer to peer digital currency like most others, but more unique than most of the cryptocurrencies. ReddCoin was created to improve the lives of social media users and was created to be a means of funds and payment transfer via social media. RDD was developed to work on all social media platforms. With ReddCoin, people who run a business on their social media accounts can now transfer and receive funds using whichever social media they so desire. ReddCoin is known as a social coin, specifically designed to tie into existing social media platforms. There it could be used as a tipping system, gifts and a monetary way of showing appreciation for high-quality content.

As the currency is gaining more and more popularity, we must know about the best wallets where we can store ReddCoin securely.

List of 5 best ReddCoin wallets in 2020 

The top 5 ReddCoin wallets in 2020 are:

  • ReddCoin Core Wallet
  • ReddCoin Social Wallet
  • Guarda Wallet
  • Coinomi
  • ReddCoin Paper Wallet

#1 ReddCoin Core Wallet

ReddCoin Core Wallet(also known as Reddcoin-Qt-reference implementation of the Reddcoin protocol) is considered a "full wallet", which means that it downloads and stores the entire Reddcoin blockchain. Reddcoin-Qt is built on the Reddcoin wallet daemon and provides a nice GUI for easy use by the average Reddheads. In the wallet, you could find all your addresses to receive coins under the receive tab. You can also send coins from the sent tab and see every transaction in and out under the transactions tabs. You can even save addresses you commonly send to under the Addresses tab.

Link: Reddcoin core wallet

#2 ReddCoin Social Wallet

It is a ReddCoin online wallet that integrates new and innovative social features into the reference Reddcoin-Qt wallet, including Reddit and Twitter feeds and IRC chat. On the lefthand side of the social wallet, you can see many tabs with information and tools. The dashboard tells you your confirmed balance, the price of BTC/USD, RDD/BTC, RDD/LTC, and the approximate value of your Reddcoin in USD. The best part is that you also have the option to import/export a private key.

Link: ReddCoin Social Wallet 

#3 Guarda Wallet

Guarda is a non-custodial software wallet, which can be used for both web and mobile devices. It is one of the best RDD wallet Android as it's rated high on security and user experience. Guarda wallets gare light wallets that give the users 100% control over their wallets by providing them with the private keys. Guarda is one of the most secure software for Reddcoin wallets as there is no near possibility of it getting hacked as the private key is deleted once you log out of any device. Hence it is regarded as one of the top Reddcoin wallets.

Link: Guarda Wallet

#4 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.

Link:here

#5 ReddCoin Paper Wallet

An RDD paper wallet is considered an extremely secure way to keep ReddCoins safe from cyber-attacks, malware, etc. A paper wallet involves "printing" and storing RDD in an offline mode. The data appearing on the wallet includes things like the public key (wallet address), that allows people to transfer money into the wallet, and the private key, which gives access to the fund expenditure. Hence, it is important for the users to know how to use ReddCoin wallet in this medium. 

Link: Reddcoin Paper 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 the global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!

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