Cryptocurrencies have made their mark on investors. Ever since Bitcoin reached its all-time high of $20,000 back in 2017, mainstream media has been covering the digital asset marketplace relatively regularly.
Naturally, this attracts interest, and people have already started investing. The continually increasing trading volumes on cryptocurrency exchanges is definitive proof.
Bitcoin and other altcoins, however, are no regular investment. They are entirely digital and, as such, are stored differently. Cryptocurrency storage is, perhaps, one of the first things that any new investor needs to consider before putting his hard-earned cash into these assets.
There are two types of wallets out there: hot and cold. Hot wallets represent a specific software that the user either signs up for or installs on his device. Cold wallets, on the other hand, are hardware devices that are not connected to the internet.
OWNR Wallet is a hot wallet which claims to be a part of an entire ecosystem, a one-stop-shop solution for traders, businesses, investors, developers, and so forth.
The OWNR Wallet: What Is It?
OWNR is a multifunctional wallet that allows users to store ERC20-based tokens. It can be installed on a variety of operating systems, including macOS, Windows, and Linux. It also comes with a mobile app that runs on both iOS and Android.
The wallet is developed by a private limited company based in Estonia. According to the official website, the team was assembled back in 2018.
The wallet also holds two licenses which allow it to exchange virtual currencies against fiat, while also providing a virtual currency wallet service. Users are allowed to buy cryptocurrencies with fiat while also send money with SEPA transfers.
Main Takeaways Of The OWNR Wallet
First things first, the OWNR wallet doesn’t store your private information. This means that your seed phrase will only be stored on your device, reducing the possibilities of someone being able to access it. It’s a non-custodial wallet, which also allows the user to add more layers of security such as a passphrase, PIN, touch ID, or face ID.
OWNR Wallet also allows users to import any HD-wallet, regardless of the length of the seed phrase. Then, asset discovery happens automatically. All the assets which are restored from the wallet are available instantly.
The wallet also supports SegWit transactions so users can enjoy lower fees and quicker confirmation times.
In December 2019, OWNR partnered up with one of the most popular cryptocurrency exchanges – Bitfinex. As such, the exchange’s customers are also able to buy USDT through OWNR reasonably quickly using a credit or a debit card.
The exciting thing is that it allows users to buy cryptocurrencies with as little as $25. This allows more people to get into the market. Furthermore, those who purchase between $25 and $50 worth of cryptocurrency won’t have to go through any KYC verifications.
What Cryptocurrency Can You Buy On OWNR?
OWNR enables the users to buy cryptocurrency using EUR or USD as fiat currency. At the time of this writing, the supported coins include:
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
All in all, OWNR seems like a convenient way of buying cryptocurrencies. It has a relatively simple user interface which is friendly and allows for easy navigation.
In any case, it’s important to note that when it comes to storing large amounts of cryptocurrency, it’s always more appropriate and secure to use a cold wallet that’s not connected to the internet.