Best Matic Network Wallets
Where To Store Matic Network (MATIC) Safely and Securely
Getting Started -
What Is Matic Network?
Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. MATIC is the native token to the platform. Matic Network is an ERC20 token operating on the Ethereum blockchain which allows it to be stored on a wide range of wallets of both the hardware and software variety. We’ll be going over a few MATIC wallets that are highly recommended by Traders and Investors.
Matic Network (MATIC) is available for purchase on the following exchanges
If you’re unfamiliar with how to buy Matic Network (MATIC), follow the link below.
Hardware Wallets -
Ledger or Trezor
One of the best places to store Matic Network (MATIC) is in an encrypted hardware wallet like those made by Ledger or Trezor. Hardware wallets use extremely high end encryption techniques to keep your funds safe and secure from sophisticated network attacks or even simple phishing scams that users keeping their funds in a software or website wallet may encounter. Hardware wallets even allow users to recover funds via a mnemonic seed phrase just in case the wallet is stolen, damaged or otherwise compromised.
Both Ledger and Trezor have entry level models available for around $50-$60 USD with the Ledger Nano S and Trezor One being the best all-round performers in terms of features for the price. Both hardware wallets are capable of storing Matic Network (MATIC), keeping it offline and secure.
Hardware Wallets -
Ledger or Trezor
One of the best places to store Matic Network (MATIC) is in an encrypted hardware wallet like those made by Ledger or Trezor. Hardware wallets use extremely high end encryption techniques to keep your funds safe and secure from sophisticated network attacks or even simple phishing scams that users keeping their funds in a software or website wallet may encounter. Hardware wallets even allow users to recover funds via a mnemonic seed phrase just in case the wallet is stolen, damaged or otherwise compromised.
Both Ledger and Trezor have entry level models available for around $50-$60 USD with the Ledger Nano S and Trezor One being the best all-round performers in terms of features for the price. Both hardware wallets are capable of storing Matic Network (MATIC), keeping it offline and secure.
A Trusted Wallet -
Trust Wallet
Trust Wallet, a wallet officially supported by Binance is one of the most popular wallets among Traders and Investors and is a great place to store Matic Network (MATIC). If you’re just getting started with cryptocurrencies or simply looking for a place to store your MATIC on a secure device, a mobile wallet may be suitable due to the convenience, security and backup options they provide.
Get started by downloading Trust Wallet on Android or iOS and follow the simple tutorial to setup a new Wallet. Matic Network (MATIC) can be sent directly to your Trust Wallet along with any other ERC20 coins you wish to keep safe and the Team are constantly adding support for new coins. Visit the official Trust Wallet Help Page in case of any issues.
A Multi-Platform Wallet -
Atomic Wallet
Matic Network (MATIC) can be stored in Atomic Wallet, a wallet with Android, iOS and several desktop versions available. Atomic Wallet supports over 300+ cryptocurrencies including MATIC and all other ERC20 and BEP2 tokens. Atomic Wallet also offers Atomic Swaps and a built-in Exchange which Users can utilize to swap back and forth between all of the assets supported, including Matic Network.
Wallets that offer both mobile and desktop versions are extremely convenient but can also be less secure simply due to the Team having to ensure no exploits are present on all versions. In our opinion it is essential that you only install a desktop wallet on a clean, secure machine that has little to no access to the Internet. Mobile wallets are often regarded by some as safer due to malware not being as prevalent on mobile operating systems.
Matic Network (MATIC) can be sent directly to your Atomic Wallet along with any other ERC20 coins you with to keep safe and the Team are constantly adding support for new coins. Visit the official Atomic Wallet Knowledge Base in case of any issues.
A Multi-Platform Wallet -
Atomic Wallet
Matic Network (MATIC) can be stored in Atomic Wallet, a wallet with Android, iOS and several desktop versions available. Atomic Wallet supports over 300+ cryptocurrencies including MATIC and all other ERC20 and BEP2 tokens. Atomic Wallet also offers Atomic Swaps and a built-in Exchange which Users can utilize to swap back and forth between all of the assets supported, including Matic Network.
Wallets that offer both mobile and desktop versions are extremely convenient but can also be less secure simply due to the Team having to ensure no exploits are present on all versions. In our opinion it is essential that you only install a desktop wallet on a clean, secure machine that has little to no access to the Internet. Mobile wallets are often regarded by some as safer due to malware not being as prevalent on mobile operating systems.
Matic Network (MATIC) can be sent directly to your Atomic Wallet along with any other ERC20 coins you with to keep safe and the Team are constantly adding support for new coins. Visit the official Atomic Wallet Knowledge Base in case of any issues.
A Web-Based Wallet -
MyEtherWallet
You can also store Matic Network (MATIC) on one of the most trusted, tried and tested wallets; MyEtherWallet. All ERC20 tokens including Matic Network (MATIC) can be stored on the Ethereum blockchain using MyEtherWallet, without the need to download any clients or software.
MyEtherWallet offers Traders and Investors a web-based solution that allows them to login from anywhere. While Users need to remain cautious about phishing attempts by fake copies of the website, with both a secure device and internet connection you can use your Ledger or Trezor hardware wallets, your mnemonic key phrase or a wide range of other sign-in methods to access your funds.
Matic Network (MATIC) can be sent directly to your MyEtherWallet address along with any other ERC20 coins you wish to keep safe. MyEtherWallet will always support new ERC20 tokens as they come online. Visit the official MyEtherWallet Help Page in case of any issues.
A Supported Exchange -
Online (Not Recommended)
If you’re an active Trader who requires quick access to funds, you can also store Matic Network (MATIC) on an Exchange that supports it. While we cannot recommend leaving any funds on Exchanges at any time, Exchanges such as Binance, Kucoin and Huobi have a long history of security and have been reliable to their Customers even after an attack.
Exchanges such as Binance and Kucoin do offer staking services to Customers who rely on them to keep their funds safe which has made this a more attractive option for those who wish to run less wallets or cannot meet the full requirements to stake.
While we’ve seen funds returned to Customers after hacks in the past, keeping any amount of Matic Network (MATIC) in the care of a third-party will always inherit a certain amount of risk, which can be avoided with some of the previously listed solutions.
A Supported Exchange -
Online (Not Recommended)
If you’re an active Trader who requires quick access to funds, you can also store Matic Network (MATIC) on an Exchange that supports it. While we cannot recommend leaving any funds on Exchanges at any time, Exchanges such as Binance, Kucoin and Huobi have a long history of security and have been reliable to their Customers even after an attack.
Exchanges such as Binance and Kucoin do offer staking services to Customers who rely on them to keep their funds safe which has made this a more attractive option for those who wish to run less wallets or cannot meet the full requirements to stake.
While we’ve seen funds returned to Customers after hacks in the past, keeping any amount of Matic Network (MATIC) in the care of a third-party will always inherit a certain amount of risk, which can be avoided with some of the previously listed solutions.
