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Tuesday, April 16, 2024

Magnum Wallet Review – Its Very Simple To Use

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About Magnum Wallet

Magnum Wallet may be a multicurrency non-custodial wallet service. Designed for those that wish to manage their crypto portfolio during a secure and convenient interface, it also lets the user earn rewards through staking or by claiming forks and bounty airdrops. As a part of their “Multiply Your Funds” paradigm, the team is usually on the lookout for brand spanking new ways to profit the users. Combined with the multitude of supported coins & tokens, exchange capabilities, and support of hardware wallets, this makes Magnum the all-in-one cryptocurrency wallet.

Magnum Wallet Key Details

Vendor Name Magnum Wallet
Supported Currency + 691 other coins
Wallet Features Open Source
Platforms (Android ) (WEB) (Windows)
Validation Type SPV
Ease of UseEasy
Anonymity High
Wallet HQ LocationN/A
Listed At Altwow 17/07/2020
Official Wallet Website Click Here To Visit Wallet Website

How To Install Magnum Wallet?

Magnum Wallet Step 1

First Download Magnum Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Magnum Wallet Website.

Magnum Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

Magnum Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

Magnum Step 4

Many Wallet Offer Private Key Features. If Kriptomat Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

Magnum Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

Magnum Wallet 

Magnum Wallet is the all-in-one tool for buying and managing Bitcoin, Ethereum, Ripple, Litecoin, Stellar, Dash, Tezos, Tron, Monero, Zcash, Komodo, Dogecoin, NEM, Cosmos, ERC20 tokens, and hundreds of other cryptos. Features include a built-in crypto exchange (e.g. Changelly, Binance DEX), support of Ledger & Trezor hardware wallets, watch-only mode, staking and many other ways to earn passive income.

Download Magnum Wallet

Features Of Magnum Wallet

Simple & Secure Interface

Stay on top of your portfolio with intuitive navigation anytime, anywhere. With security & anonymity as our top priorities, we provide a fully non-custodial service, meaning that users have full control of their private keys and other personal information.

Multi-Currency Support

Magnum Wallet  over 50 coins from BTC to NEM as well as more than 700 tokens, including those on Ethereum, Tron Network, and Binance Chain. Magnum arguably supports more cryptocurrencies that you may know of, and you can trade them here, too. If you don’t believe us – check it out for yourself!

In-App Exchange Tools

Buy & sell cryptocurrency instantly and at low fees. We have integrated a number of non-custodial crypto exchanges and trading platforms such as Binance DEX, Changelly, and CoinSwitch. Due to their cooperation with HitBTC, Shiftex, Changer, IDEX, Livecoin, and other providers, the number of trading pairs in Magnum is now over 60,000.

Multiply Your Funds

Receive extra coins and get passive income with Magnum Wallet  . Claiming one of over 20 available forks of Bitcoin and Ethereum takes just a few seconds, and we regularly give out coins in bounty airdrops. Earn interest by staking or through delegation in projects such as Tezos, Callisto, and Navcoin, as well as by claiming rewards in Komodo.

Ledger & Trezor Support

Store your private keys in a protected chip to ensure the security of your crypto assets. Our partners Ledger and Trezor produce some of the best hardware wallets on the market. Link your device to this app and enjoy the combined capabilities of both. (This feature will be released in Q4 2019)

Manage Tokens in One Place

Buy, manage, and exchange your Ethereum (ERC-20), TRON (TRC-10, TRC-20) and Binance Chain (BEP2) tokens, and then swap them for the native token if and when it is released. Token swaps in Magnum are completely automated so that you can invest in and use these assets on-the-go.

How To Secure Your Magnum Wallet ?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Magnum Wallet . And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your Token Pocket Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The Magnum Wallet  Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Magnum Wallet 

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like Support@xy-z.com Instead Of The Present Support@xyz.com. These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A Magnum Wallet Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

We Hope You Like Our Magnum Wallet  Review . If You Like Than Please Comment Your Thought Below . Also Subscribe Our Newsletter For More Interesting Wallet Reviews . Thanks For Visit At Altwow .

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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