One of the most widely used cryptocurrencies due to its reliability and stability is USDC, a stablecoin launched in 2018 that has a 1:1 ratio, equaling the value of the US dollar. However, with so many alternatives on the market, it can be difficult to choose the right wallet. Below, we’ll share some things to keep in mind when choosing a USDC wallet.
Reliability
When choosing a USDC wallet, it’s important to verify how trustworthy the digital wallet is for users. This can be verified by reviewing user ratings and reviews on various social media, communities, or official app platforms (Google Play or the App Store). However, it’s important to focus on mid-range ratings or reviews, as these tend to be less emotional and more objective.
User interface
When choosing a USDC wallet, it is important to check its user interface, as this allows you to know if the platform is intuitive and easy to use, which directly influences the efficient administration and management of our USDC assets. For example, if the wallet is difficult to use, we won’t be able to take full advantage of all its features and tools, and the user experience will be negative and unsatisfactory.
Security level
It’s important to evaluate the level of security offered by the ecosystem where the wallet operates. However, at this point, we must understand that there are two types of wallets: custodial wallets and non-custodial wallets.
In the case of choosing a non-custodial wallet, we must take into account that it may be a software wallet (App or program) or a hardware wallet (physical devices such as USB devices), in which the user has full control of the access keys and USDC assets, therefore, the level of security will depend only on the user and will be exposed to any vulnerability that your computer or device may present when creating what is known as a “seed phrase”, since, if a third party has access to this information, all the USDC contained in the wallet will be exposed.
On the other hand, if we choose a custodial wallet (recommended option for businesses and companies), we must take into account that it is a financial services platform, in which control of the USDC assets and access keys is shared between the user and the wallet provider. In this case, it is important to verify the level of security offered by the ecosystem or platform of the provider providing the service.
To assess this point, we can look at whether the provider complies with financial industry standards and has security protocols and measures in place on its platform, such as data encryption, two-factor authentication, identity verification, transaction approval, integration of security controls, and multi-asset custody, among others.
Additional services
It is important to check what additional services the wallet provider can provide, especially through the same application or platform, such as IBAN accounts, Exchange service, payment processors, private transactions, batch payments, etc., because these additional services will offer greater convenience and versatility when managing our USDC assets.
Level of integration
When choosing a USDC wallet, it is important to check the level of integration the platform has with the company’s pre-existing systems or operating systems of commonly used devices (Windows, iOS, Android, among others), since not all wallet providers are compatible with pre-existing systems or offer support for all operating systems.
Quality of customer support
It is advisable to evaluate the level of quality of the service and customer support of the provider, as this will help us know if we will have good customer service and will be able to access professional support. It will also give us an idea of the level of experience and capacity of the provider to resolve any problems that may arise in the future.
To assess this point, we can look at the app’s customer service reviews. We can also ask questions on the provider’s various official channels and evaluate their response time and quality.
What do you think about this topic? Would you like to learn more about Pilsenga’s Wallet service?
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