Komodo (KMD) is a blockchain that’s been round for a while, having been launched again in 2016 with the aim of changing into an autonomous, unbiased and free community.
It was created not solely to serve the pursuits of crypto traders and entrepreneurs, but additionally the common individual seeking to get away from the centralized options. The Komodo ecosystem is scalable, inter-operable, adaptive, and safe, offering end-to-end options for builders and customers alike.
In fact having a spot to retailer the Komodo Coin, which makes use of the ticker KMD, is important. It’s additionally essential for these fascinated by amassing Komodo’s Energetic Person Reward, which is like staking for KMD tokens, and pays an equal of 5.1% yearly when the reward is claimed at the very least as soon as a month.
On this article we’ll talk about a few of the greatest Komodo wallets for securely storing KMD tokens.
High eight KMD Wallets
Earlier than we are able to dive into the wallets we first have to qualify what precisely we search for when sourcing wallets.
Maybe an important standards is safety of the pockets. However we additionally look into person expertise, developer assist assist and group suggestions. As a way to current an affordable choice, we now have included a variety of desktop, cell and wallets.
With out additional ado then, let’s bounce proper in with the perfect wallets (order of desire).
Ledger Nano S (Hardware)
The Ledger Nano S is the preferred harward pockets, meant for storage of cryptocurrencies within the most secure setting potential. Along with assist for KND tokens the pockets has assist for lots of of different digital belongings, and customers are in a position to create wallets for a lot of belongings all in the identical pockets.
The Ledger Nano S is utilized by plugging into the USB port on a PC, and has assist for Home windows, Mac OS, Linux, and the Chrome working system. It’s additionally potential to attach the Ledger to an Android machine by utilizing an OTG cable.
One of many prime options of the Ledger Nano S is its safety. The pockets contains a number of security measures meant to take away the opportunity of hackers having access to any cryptocurrency saved within the Ledger.
There’s a separate part of the pockets for storage of encrypted personal keys, and the pockets stays offline always, solely connecting to ship transaction data.
Warning ⚠️: If you will be shopping for a pockets, remember to purchase it from the official producer. There’s a danger of tampering with third social gathering sellers.
Even when a hacker might connect with the machine, any transaction must be confirmed by way of using bodily buttons on the Ledger, making it not possible for a distant person to finish a transaction and ship funds off the Ledger.
One draw back to utilizing the Ledger to retailer KMD tokens is its lack of direct assist for the Energetic Person Reward. There are a couple of third-party options that can be utilized since December 2019 nevertheless, assuming you aren’t anxious about them compromising the safety of your Ledger machine.
There are two Ledger gadgets which are at the moment in the marketplace. These are the entry degree Ledger Nano S ($41) in addition to the Ledger Nano X ($119). Whereas the Nano S might just do advantageous, the “X” mannequin has some spectacular options that could be price contemplating.
For instance, the Ledger Nano X has assist for a lot of extra purposes than the “S” mannequin. Because of this you don’t all the time need to uninstall apps so as to add extra cash. It additionally has assist for extra cryptocurrencies and is bluetooth enabled.
Komodo OceanQT (Desktop)
That is the native pockets for Komodo, which not solely helps in storing, sending and receiving KMD tokens, but additionally supplies the right car for staking KMD tokens to earn the 5% Energetic Person Reward.
Komodo QT was created with the well-known QT interface and it has assist for Home windows, Mac OS, and Linux working programs. As well as, this pockets has improved block loading, and is thought for its quicker speeds. It was the primary QT pockets for Zcash fork as per the Komodo pockets replace.
Person Interface of the Komodo OceanQT Pockets. Picture Source
You may get the OceanQT pockets of their GitHub repositories which has the latest release. The pockets was developed by ip-gpu and a Komodo group member (Decker). It is usually constructed on a reasonably strong code base and has an identical person interface to Bitcoin’s core consumer.
Open Supply 👨🏼💻: The Komodo OceanQT pockets is open supply. This implies you could confirm all of the code of their GitHub. This additionally has the profit because it signifies that exterior builders had the time to vet the code.
Furthermore, the Komodo QT Pockets helps all sidechains of Komodo. It additionally has assist for sapling and “Z transactions”. So, with regard to performance it’s fairly a helpful pockets. Having stated that, as a desktop pockets it’s nonetheless not as safe as a machine.
Verus Enhanced Agama (Desktop)
The Komodo Agama pockets had some points previously when it was hacked, however these issues have long-since been addressed and the Komodo Agama pockets is completely safe. This pockets was initially developed by the SuperNet mission, however was later acquired by Komodo.
The pockets is accessible for Home windows, Mac OS, and Linux and moreover supporting the KMD token it will also be used to retailer any of the cash from the side-chains within the Komodo ecosystem. Customers also can use this pockets to say the Energetic Person Reward.
The pockets is effectively regarded, and has assist from each the Komodo and Verus builders. It was rebuilt after the safety breach in 2019, and I not solely fully safe, however is the pockets advisable by the Komodo growth group. Along with storing KMD the pockets will also be used to retailer VRSC and ARRR, in addition to BTC, ETH and different digital belongings.
Versus Agama Desktop UI & System Assist. Picture through Komodo
Customers of the Verus Agama pockets are additionally in a position to choose between native, full, and basilisk modes utilizing a number of digital currencies like KMD, ZEC, and BTC in addition to many others. Customers can retailer and use all of those a number of cryptocurrencies in the identical pockets, and select safety settings for every as effectively.
- Full Mode: regular T-transactions, blockchain is downloaded. That is principally a full node for the coin you select.
- Basilisk mode: regular T-transactions, no blockchain obtain. That is principally an Electrum like pockets that as an alternative of counting on servers, depends on decentralized nodes to fetch blockchain data and to broadcast the transactions.
- Native mode: personal Z-transactions, blockchain is downloaded (not out there but)
As you’ll see on the Github page for this pockets it’s nonetheless in growth and the builders advocate utilizing it at your personal danger. For all that it is vitally safe, and is the advisable pockets for the Komodo ecosystem.
Future variations of the pockets may even embody a decentralized alternate (DEX), in addition to a pegged asset alternate (PAX) for fiat foreign money tokens. These exchanges will use the atomic swap feature of Komodo, permitting cash to be exchanged in a peer-to-peer vogue.
Agama Cellular (Cellular Pockets)
The Komodo Agama Cellular pockets was launched in November 2018, and is accessible for each iOS and Android gadgets. The iOS model is claimed to be on TestFlight, nevertheless it isn’t at the moment accepting new beta testers. Customers can stake their KMD within the pockets to earn the 5% Energetic Person Reward.
The pockets is in beta, and it’s a bit regarding to see that there haven’t been any updates since Might 2019, which makes us surprise if the pockets stays in energetic growth.
That stated, there haven’t been any damaging experiences relating to the cell pockets, and it stays one of many higher decisions for many who want to retailer their KMD in a cell machine, relatively than on a desktop laptop.
ZelCore (Desktop & Cellular)
ZelCore payments itself as a one-stop platform for all of your crypto custody wants. “ZelCore is a multi asset platform and pockets, free-to-use by all, with prime quick-swap exchanges. ZelCore+ unlocks superior buying and selling performance with API integrations to the highest exchanges.” + TradingView.
The pockets has assist for KMD and over 200 different belongings, making it a sensible choice for many who know they’ll want storage for extra than simply KMD tokens. The pockets additionally has assist for a number of accounts and encrypted wallets all on the identical machine.
This permits customers to take care of their privateness whereas storing all their belongings on the identical machine, and in the identical pockets. ZelCore doesn’t retailer or transmit person information remotely. All personal keys stay in your gadgets. Your keys = Your belongings. 🔑
The Zelcore Platform Person Interface. Picture through ZelCore
One other useful function of the ZelCore pockets is the mixing of swap exchanges proper throughout the desktop and cell variations of the pockets. This permits customers to shortly and simply swap between cryptocurrencies.
These with extra superior buying and selling wants can try ZelCore+, which permits integration of main exchanges like Binance, Kraken, and Bittrex. The draw back of the ZelCore+ pockets is that it isn’t free.
Subscriptions start at $9.99 a month in equal cryptocurrency, with a 10% low cost for paying in ZelCash, and extra reductions for three, 6 and 12 month subscriptions. Those that get a 12 month subscription and pay with ZelCash would pay the equal of $7.65/mo.
Atomic Pockets (Desktop & Cellular)
And extra belongings are added on a regular basis because the builders proceed to enhance on the Atomic pockets, including each new belongings and new options. In fact safety is on the coronary heart of the pockets, with all personal keys held and encrypted by yourself machine.
Essential advantages of the Atomic Pockets
The desktop model of Atomic is accessible for Home windows and Mac OS, in addition to having variations for Ubuntu, Debian, and Fedora. Cellular variations can be found for each Android and iOS gadgets. Atomic pockets has grown to be one of the safe non-custodial pockets resolution out there.
Observe ✍️: The Atomic Pockets will not be totally open supply. Because of this the code behind the pockets has not been vetted by the developer group. There are, nevertheless, sure open supply repositories.
The title of the pockets comes from the truth that it helps atomic swaps, which was included as a technique to permit customers to simply swap between cryptocurrencies with out incurring extreme charges. The pockets may even permit you to buy cryptocurrencies proper from throughout the pockets with EUR, USD and some other native currencies by way of ShapeShift, Changelly, or ChangeNOW.
KMD holders may even be glad to know that the pockets can be utilized for staking to obtain the Energetic Person Reward.
Coinomi (Desktop & Cellular)
One other third social gathering multicurrency pockets that you could be wish to think about is Coinomi. This helps over 1,170 different crpyptocurrencies together with Komodo. They’ve additionally developed a desktop and cell model of the machine which is accessible on Home windows, MacOS, Linux, iOS and Android.
Coinomi was based again in 2014 and has had a comparatively clear safety file since then. It is usually Segwit enabled and has over 168 fiat foreign money representations of the cryptocurrency that you’ve in your pockets.
Though Coinomi helps chilly staking for numerous belongings, it doesn’t seem as if you are able to do that with KMD for the time being. So, in case you are seeking to earn returns on the KMD that you just maintain then you must think about one in all beforehand talked about wallets.
Coinomi Pockets Person Interface on Desktop & Cellular
Having stated that, one thing else that Coinomi supplies is an in-built alternate function. This can permit you to swap your different Komodo in alternate for any of the opposite supported cryptocurencies. Furthermore, by way of fiat alternate integration, you should buy crypto proper on the pockets with a bank card.
Observe 💳: If you will be utilizing your card you could wish to pay attention to the charges. These are actually fairly excessive because of the fees that exterior cost suppliers cost.
One thing else that you just additionally get at Coinomi that you could be not get with a few of the open supply wallets is buyer assist. They declare that they’ve 24/7/365 assist which you’ll attain out to by way of their dedicated portal.
Komodo Paper Pockets
One other safe methodology for storing KMD tokens in a paper wallet. An encrypted paper pockets is probably the most safe methodology for storing any cryptocurrency. Paper wallets aren’t for everybody nevertheless. Should you don’t save your personal keys correctly within the paper pockets you could possibly find yourself dropping them, and your KMD tokens.
The paper pockets should even be saved bodily safe. Anybody who is aware of what it’s might take your tokens for themselves. Or a catastrophe resembling a hearth or flood might destroy the paper pockets if it isn’t saved secure. Lastly, it isn’t potential to gather the Energetic Person Reward for KMD tokens saved in a paper pockets.
We now have lined lots on this piece however one actually essential query stays: Which Komodo Pockets is greatest to Use? That’s not a query that has a single reply. Every person is totally different, has totally different necessities and desires.
Those that wish to use Komodo as a transactional foreign money shall be greatest served utilizing a cell pockets, or a web based pockets. If you wish to maintain and acquire the Energetic Person Reward a desktop pockets is likely to be greatest. And should you’re storing a small fortune in KMD you’d be greatest served by getting a pockets.
Regardless of what pockets you do get, remember to apply pockets safety 101. At all times take backups of your seeds retailer these seed phrases (or paper wallets) in a secure location. Additionally, in case you are utilizing a desktop pockets then don’t obtain any suspicious recordsdata and remember to set up anti-virus software program.
Final however not least, the dangers that come from bodily theft are actual when you’re holding numerous KMD. Nobody must understand how a lot cryptocurrency you may have so HODL that in secret. 😉
Finest Locations to purchase KMD
Featured Picture through Fotolia