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Toast Wallet

8

Secure Wallet

7.5/10

Easy To Use

8.0/10

Support

8.5/10

Pros

  • Hierarchical Deterministic

Cons

  • Open Source
  • 2 Factor Authentication
  • Multi-Signature

The Toast Wallet is specifically designed for the use of XRP tokens (also known as Ripple). It is an open-source FREE wallet compatible with Windows, Mac, Linux, Android, and iOS. StarStone Limited, a start-up company, based in Dunedin, New Zealand, owns it.Toast wallet is free, as the company aims to earn money by offering undisclosed XRP-related services; they simply want to develop their brand with the wallet, and then branch out to other XRP-related items.

About Toast Wallet

Toast Wallet is a free to use digital currency wallet for the Ripple (XRP) cryptocurrency. It’s an open source secure wallet that’s compatible with Android and iOS devices and supports Linux, Windows, Mac OS and the Chrome Browser.The Toast wallet is a cross-platform Ripple wallet that is simple and safe to use. It has been developed for most platforms and works with a PIN and a Hierarchical Deterministic passphrase.The wallet will then ask you to enter a passphrase after entering your Card. This passphrase will be used to encrypt your wallet, check to send XRP from the wallet, and recover your Toast Wallet accounts if, for different reasons, you can no longer access it.

Toast Key Datils

KeyDetails
Vendor Name Toast Wallet
Supported Currency XRP
Wallet Features Hierarchical Deterministic
Platforms (Web), (Window), (Android), (ios), (Lunix), (Mac oS)
Validation Type SPV
Ease of UseEasy
Anonymity Low
Email Support24*7
Listed At Altwow 13/08/2020
Official Wallet Website Click Here To Visit Wallet Website

How To Install Toast?

Toast Step 1

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

Toast Step 2

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

Toast 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 .

Toast 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.

Toast Step 5

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

How To Safe Toast Wallet

Toast wallet is considered safe, as reports of community users generally seem positive. Some more tech-capable members also looked into the code and found there was nothing to report about. Additionally, the company does not store user data behind the wallet, so there is no danger that they will be compromised and revealed to you.

If anyone had access to this code, they would also need a passphrase and your recovery phrase and your PIN to move your wallet to another computer and steal your funds. Nevertheless, bear in mind that Toast Wallet qualifies under “soft” wallets and is less secure than a cold wallet such as Ledger Nano or Trezor.

Toast Wallet Fees And Speed

Toast wallet is open, and fees do not apply. However, as already noted, there is a minimum allowance of 20 XRP that cannot be removed. This is a Ripple network feature designed to restrict spam transactions.Toast wallet transactions are usually swift in terms of size. Nonetheless, as in most applications, congestion can occur when multiple users simultaneously attempt to process transactions.The Toast Wallet is considered one of the best Ripple wallets and is a safe way to store your XRP tokens safely.

How To Toast Wallet Backup

The Toast wallet then produces a phrase of 6 words recovery that can be used to unlock your wallet if you lose your passphrase, too. Both the passphrase and the phrase for recovery allow that the user creates a backup of his / her account.

Making the backup should be done after accessing all the accounts that the user holds, to ensure that the backup can be used to regain potentially missing access to them all. Accounts can be either created from inside the wallet interface (clicking on the”+ Add Account” button) or imported if they existed outside of the wallet already.

Toast Wallet Security Features

Toast wallet’s code is open-sourced, meaning that the software is accessible to the public, so that any developer can check the code and report any bugs that might exist.Their software facilitates interaction between the user and the Ripple network, without storing any of your data or sending any information to its servers. The user and only the user has complete control of his private keys.

The stored XRP in Toast wallet is protected by strong encryption. The wallet is protected by a PIN, and it also generates a 24-word recovery phrase. The PIN and seed phrase data are kept in a securely encrypted JavaScript open-source database called PouchDB, which runs within your browser plugin and allows you to store data locally when in offline mode.The wallet also features the option to export the backup into a different wallet by importing the Ripple passphrase.

Toast Wallet Customer Support

Toast Wallet support can be reached through Discord, email, phone, online ticket, text chat app, or social media channels (Facebook, Twitter) if a user have any problems with his wallet or funds. The support team has been praised for their responsiveness, and the variety of contact methods indicates that they are very dedicated to serving their customers.

How To Secure Your Toast Wallet ?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Toast 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 ToastOr Make Transfers.

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

Step 3 : Create A Strong Password For Your Toast Wallet

If You Decide To Use A Web Toast, Which Is Recommended Only For Small Transactions, Alway 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 [email protected] Instead Of The Present [email protected] 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 Eidoo 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

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