Bitcoin & Crypto Wallet Online For Free — CEX.IO Wallet (2024)

Security shouldn’t be overlooked when selecting a wallet for your crypto holdings. Ifit’s a web wallet, then you need to make sure that it has a secure protocol HTTPS. Also,the site should offer multiple security layers like multiple-factor authentication (forinstance, 2FA).

Security of users’ funds is paramount for CEX.IO. Our Wallet maintains custody ofclients’ funds both digital assets and fiat funds by using numerous systems andprocesses to protect funds. CEX.IO Wallet provides multiple confirmations for login orsending funds, increasing the security of your account. It is recommended to use 2FA,email confirmation, and other measures to make sure that your funds are safe. Moreinformation about the security of users’ funds you can read in ourarticle .

The simplicity of the user interface is the determining factor for many customers. Ifthe wallet features are confusing and not easy to use, it can take extra time for you touse it and this can be a repulsive factor.

CEX.IO Wallet has both web and mobile app versions, allowing users to take advantage ofboth options. You get quick access to your crypto funds anywhere anytime and can managethem in a few clicks or taps.

The crypto market is not only about Bitcoin and there are tons of altcoins, includingnumerous DeFi tokens with rising popularity among crypto enthusiasts. Having a widerange of crypto assets to choose from for your portfolio, you’ll naturally want tooperate with different crypto-related services. So the crypto wallet should be a placefor not only storing and transferring crypto but also should provide opportunities tobuy andsell Bitcoin and othercryptocurrencies in one place.

CEX.IO Wallet is a part of the CEX.IO ecosystem and gives you access to a wide range ofcryptocurrencies and services. With our multi-cryptocurrency wallet, you canbuy Bitcoin instantly aswell as over 80 other virtual currencies, sell and exchange them for another crypto orfiat, and withdraw funds using several payment options.

A cryptocurrency wallet functions as a traditional wallet but instead of paper money itholds proof of your digital cash. Crypto wallet stores public and private keys, andprovides digital signatures authorizing your transactions. When you want to confirm atransaction, you need to sign it with private keys. That is why users need to storeprivate keys in a safe place.

These digital wallets can be a device, a website, a mobile application offered by acryptocurrency exchange, software on your computer,and even a piece of paper. But, in general, crypto wallets come in two categories — hotand cold storage.

In most cases, cold storages are devices or software on PCs that don’t need an internetconnection to operate. So if you’re looking for the best desktop cryptocurrency wallet,prefer those that don’t connect to the internet. Still, cold wallets are not asconvenient for your everyday transactions as quickly-accessible online wallets. That’swhy cold wallets better suit long-term holdings than everyday trading.

CEX.IO Wallet uses a combination of cold and hot storages and we strive to get the bestof both worlds. Hot wallets store a small fraction of total crypto funds, making dailytransactions easy and fast. On the other hand, most of the funds remain in cold wallets,allowing users to have a safe place for storing cryptocurrencies.

The process of creating and setting up the wallet depends on its type. If you use ahosted or custodian wallet, then a third party cares about the security measures foryour funds. As a rule, to create an account with a hosted wallet, you need to provide anemail address and create a complicated password. As an extra security layer, you canenable the 2FA method.

One of the main reasons for keeping crypto in a hosted wallet is that you won’t loseaccess to your funds if you forget or lose your password. You can simply ask a walletprovider to help you restore access to the wallet. Just like you contact the supportcenter on a crypto exchange.

A non-custodial wallet gives you complete control of your public and private keys. Thiskind of wallet doesn’t rely on a third party to keep your crypto safe, so theresponsibility and safeguarding of passwords and private keys fall on your shoulders. Itmeans if you forget or lose your password or seed phrase, there will be no way to accessyour funds.

When creating an account for a non-custodial wallet, use all possible security layersoffered by the wallet provider, store your private keys in a safe place, and do notshare them with anyone. Keep in mind that not all non-custodial wallets provide optionsfor buying crypto with fiat currencies. So in order to put some funds on this wallet,you can only use the deposit options.

The way you can use a crypto wallet depends on available features. Some wallets supportonly storing and sending cryptocurrencies, while others allow you to buy, sell, andexchange crypto with an integrated platform.

With CEX.IO Wallet, you get access to multiple cryptocurrencies that you can receive,hold, or send to external addresses. Also, CEX.IO Wallet is your gateway to the cryptoworld since it allows you to buy and sell virtual currencies for fiat money via CEX.IOWallet. Here is an example of how you can use it.

Let's say you want to buy Ethereum and hold it for a while but don’t know where tostart. If you use an iPhone, you can download the iOS crypto wallet like CEX.IO Walletand create an account. Then just choose what payment method suits you most to buyEthereum — a payment card or bank transfer. After transaction confirmation, Ethereumwill be credited to your balance and you can store it or transfer it to another address.If you need fiat funds, then you can sell your ETH and withdraw using one of thesupported payment methods.

CEX.IO Wallet can also be useful for users with a decent portfolio of cryptocurrencies.It provides detailed information about your balance, making it easy to evaluate andmanage your portfolio. If you need to exchange BTC to USD or re-balance your portfolio,you can do that just in a few taps.

If you try to find a wallet that supports dozens of cryptocurrencies and has aneasy-to-use interface, then CEX.IO Wallet can be a great option for you. Store cryptoand fiat in a secure place, buy and exchange cryptocurrencies for affordable prices, andmake transactions in a split second — that’s all you can get with CEX.IO Wallet.

The CEX.IO ecosystem is constantly expanding and evolving, trying to give our customersthe best crypto experience with multiple services and features. And we are constantlyupgrading the CEX.IO Wallet, making existing services better, and adding new features.

If you want to withdraw crypto, then you need to choose the Send option. Then, add a newdestination address or select a saved one to make a transaction.

When sending some cryptocurrencies, you can also see a Memo/Tag field where you can addadditional information to process the transaction. It’s important to check all theelements your destination wallet has. Eleven a small mistake in the wallet address,destination tag or memo ID, type of currency can lead to an unsuccessful transaction.Sometimes your funds may be lost because of that. So, be super attentive whentransferring your crypto.

After entering information about the destination address, double-check it and confirmsending.

The transaction will be processed in a few minutes.

For selling cryptocurrencies, the process is the same but instead of the Buy section,you need to choose the Sell one. CEX.IO Wallet offers affordable commissions for eitherbuying or selling cryptocurrencies.

If you want to convert crypto into fiat or other crypto in the CEX.IO Wallet, then youneed to choose the Exchange section. After that, select in the dropdown menus thecurrencies you want to exchange and the ones you want to get. Make sure that amount inboth fields is above the minimums and within your account limits. Then confirm thetransaction to proceed.

The main advantage of the Exchange option is that you don’t need to figure out how toplace trading orders and search for the necessary currency pair. You can just choose twocoins or tokens to convert and we’ll swap them according to the current market rate.