Swap Tracker
June Katz 4 min read

Storing RVN: Best Ravencoin Wallets

Storing RVN: Best Ravencoin Wallets

Ravencoin — or RVN — is an experimental coin that premiered in early 2018 with an agenda to make the transfer of assets from one party to another more efficient than any of the existing cryptocurrencies allow. The end goal of the new project is to create a blockchain that's focused on transferring assets from one holder to another in the form of tokens. Despite the interest in RVN, there aren't that many third-party wallets willing to work with Ravencoin. With the project lacking an ICO (Initial Coin Offering), integrating the coin into a wallet's code is not that easy. Nevertheless, as the project continues to prove itself, there are several secure storage options available for users looking to store their RVN, so let’s look at some of the best crypto wallets for Ravencoin holders.


Top 5 Ravencoin wallets 

  1. Official RVN wallet for desktop
  2. Official RVN wallet for mobile 
  3. Trust Wallet
  4. Trezor
  5. Pocket Raven


1. Official Ravencoin Wallet for Desktop

The best choice for storing RVN is the official desktop application released by the project's developers. It has been ranked as the top RVN wallet as of 2020 with new features introduced monthly and round-the-clock customer support from the developers. Desktop cryptocurrency wallets are usually considered quite secure and the official app seems like the best choice for the coin it was made for.


Pros:

  • Available for Windows, Mac OS, and Linux;
  • A backup seed allows to reinstall the wallet on different devices;
  • Broad support from the community;
  • Constantly updated by the developers.


Cons:

  • Downloads the whole blockchain and takes a while to synchronize;
  • Might be prone to malware and viruses;
  • Some additional actions are required to secure the wallet and protect it with the password;
  • Only one way to recover the wallet if it's compromised.


2. Official Ravencoin Wallet for Mobile

The team has also launched an official mobile wallet: a great choice for users who need their RVN available at the drop of a hat. The app was produced by Medici Ventures — a branch of Overstock.com, a long-time investor in blockchain and cryptocurrency startups.


Pros:

  • Available for iOS and Android devices;
  • Modern design and round-the-clock support;
  • PIN-protected from theft;
  • Fully encrypted and as secure as a mobile wallet can be.


Cons:

  • Mobile crypto wallets are notoriously easier to hack. Given other choices, users should consider only keeping a small number of tokens in a mobile wallet.


3. Trust Wallet

This wallet is one of the most secure mobile wallets for cryptocurrency available to date. It provides end-to-end encryption with users having full control over their private data and keys.


Pros:

  • A credible app backed by Binance;
  • High-security transactions;
  • Complete control over your keys and private data.


Cons:

  • Mobile-only (available for Android and iOS phones).


4. Trezor Hardware Wallet

Physical wallets are a tried and true way to store crypto, considered one of the most secure kinds of cryptocurrency wallets out there. The company’s latest firmware update introduced Ravencoin support, albeit only on the more expensive Trezor Model T.


Pros:

  • Advanced security features help protect assets from theft and malware;
  • Tamper-proof USB connection;
  • User-friendly RGB LCD screen;
  • Firmware's inbuilt adaptability to future growth.


Cons:

  • The current price may be considered disproportionate to the actual value of the product;
  • Selective support for coins across different models (pay special attention to this if you decide to invest in a crypto wallet by Trezor!).


5. Pocket Raven Web Wallet

Pocket Raven Web Wallet is an online service made specifically for storing Ravencoin. Being made with RVN in mind, it is synchronized to the blockchain and can also be used as a multi-signature solution. The wallet is coded in javascript and is fully open to all users.


Pros:

  • Quick and easy worldwide access;
  • Minimal effort required to create and verify transactions;
  • Excellent for beginners.


Cons:

  • The least secure option for storing large amounts of RVN.


Ravencoin was created with a single goal to allow users to tokenize assets. A singular focus is not a bad thing: many startups that attempted to multi-task from day one often ended up with a sub-par product. Once it gains traction, Ravencoin has all the potential to become a key player in the market, especially with its fully decentralized model and unique agenda. We at SwapSpace are glad to help this happen, providing Ravencoin exchange options from our numerous partners, so that our customers can easily get into RVN.

Related Posts

Cryptocurrency Wallet Types: Pros And Cons

Cryptocurrency Wallet Types: Pros And Cons

June Katz 7 min read
In order to store crypto and increase the security level of your funds, you can use a cryptocurrency wallet. They have a higher level of protection in comparison with the crypto exchanges. In this article, you will get to know about the advantages and disadvantages of crypto wallets and get acquainted with their varieties and the most popular ex
Read more ❯
The Biggest Cryptocurrency Thefts in the Last 10 Years

The Biggest Cryptocurrency Thefts in the Last 10 Years

June Katz 11 min read
In this article, we will try to remember all the major cryptocurrency thefts over the past 10 years. 1. Bitstamp hack , $5.3 mln ( BTC ), January 4th, 2015 On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost. The initiatio
Read more ❯
Public And Private Keys

Public And Private Keys

June Katz 2 min read
As well as fiat, cryptocurrencies need to be stored securely. That’s what we need these keys for. In this article, we will tell you what private and public keys are and how they are used. What are private keys? A private key is a number that is encoded in different formats depending on which wallet you are using. In each format, the private
Read more ❯
Blockchain Consensus Algorithms and Their Varieties

Blockchain Consensus Algorithms and Their Varieties

June Katz 5 min read
This article is written for beginners who are just starting to learn the crypto world. We want to help you a little. As you might have guessed, this article will be about blockchain consensus algorithms . On the blockchain market, there are a lot of consensus algorithms allowing us to choose what is the most relevant node for signing
Read more ❯

Where all instant exchangers met for your smoothest experience

Maximize profits, minimize search

Tags

wallets

Recent Posts

What's Up with Multichain?
What's Up with Multichain?

What's Up with Multichain?

John Martin 5 min read
Users of the Multichain ( MULTI ) cross-chain protocol have been reporting issues with transactions getting stuck in the blockchain as a result of an error that occurred during a recent network update. Several Multichain users have complained that their funds have been stuck in the protocol for 72 hours. Part of the problem appears to be rela
Read more ❯
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

John Martin 8 min read
2022 has become a difficult year for the cryptocurrency market and will be remembered by negative events and trends. These include the onset of "crypto," the collapse of FTX , and the "stifling embrace" of regulators. We gathered experts' opinions on how to assess the results of the year and the prospects for the next - should we expect a market
Read more ❯
Exploring Bitcoin Ordinals and the BRC-20 Token Standard
Exploring Bitcoin Ordinals and the BRC-20 Token Standard

Exploring Bitcoin Ordinals and the BRC-20 Token Standard

June Katz 5 min read
Bitcoin Ordinals: An Introduction So far the majority in the crypto world has been talking about Bitcoin as a store of value. This idea initiated a heated debate, which has not eased off until this day. Nonetheless, what can be seen in practice is that Bitcoin is rarely used actively as a means of payment. Even though there are interesting cases,
Read more ❯
In Search of The Best Stablecoin
In Search of The Best Stablecoin

In Search of The Best Stablecoin

June Katz 6 min read
Stablecoins are cryptocurrencies that are designed to have a stable value, unlike other coins whose values can fluctuate wildly. They are pegged to fiat currencies such as USD. This means that the price of a stablecoin will not change significantly in response to market movements. Stablecoins can be used as a store of value, a medium of exchang
Read more ❯

BTC  to ETH : Best Rates

btc-icon
btc
0.1