Looking for the best KASPA wallet to store, send and receive KAS? This guide lists the six best options on the market today. We consider each wallet in-depth, looking at usability, security, built-in features, and more. Here’s where to store your KAS crypto in May 2024.
Need to buy KAS before you choose a wallet? Try these exchanges
Best for altcoins
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Methodology
BeInCrypto selected OKX, KuCoin, Kaspa Web. Bitget Wallet, Uphold Wallet, Kaspium, OneKey wallet, MEXC, and Chainge Wallet for storing, receiving, and sending KAS.
The testing spanned eight months, focusing exclusively on platforms with robust security measures. Each was selected for its superior security infrastructure, ensuring users’ highest level of protection. Here are the reasons behind their inclusion.
OKX is a wallet that supports multiple platforms, such as web, app, and browser extension. This support also extends to cryptocurrency coins and tokens, offering support for more than 80 blockchains. This is on top of its buying, selling, and trading features.
MEXC enforces a stringent security policy for token withdrawal through its payment channels. Users can withdraw tokens only 72 hours post-purchase transaction success, enhancing security measures. This policy applies to several jurisdictions, including Russia, Belarus, Ukraine, Kazakhstan, Uzbekistan, Japan, South Korea, Switzerland, Turkey, Germany, Poland, Spain, and others.
KuCoin secures user accounts and personal data with advanced 256-bit encryption technology. This ensures unparalleled security for users’ information, whether stored, in transit, or in use, through cutting-edge encryption algorithms.
Bitget ensures secure communication by embedding a unique anti-phishing code in all emails. This move lets users easily identify authentic Bitget messages, safeguarding them against phishing scams.
To enhance security, Uphold prioritizes safeguarding assets, opting for cold storage for most funds. Transparency is key, with reserves visibly documented for publicly verifying cryptocurrency support. Uphold strengthens withdrawal processes through mandatory two-factor authentication and upholds legal compliance by being a registered Money Services Business with FinCEN.
The Kaspa Web Wallet provides essential functionalities for KAS holders, including the option to save frequently used addresses and a 12-word seed phrase for enhanced security. It also supports backup and recovery, all within a non-custodial framework.
Kaspium prioritizes security by employing a 24-word Kaspad security phrase for enhanced protection. This non-custodial wallet also enables fund recovery through secret phrase backup.
OneKey safeguards your crypto assets using the ATECC608A Secure Element from Microchip. Its sophisticated SHA-256 response control mechanism efficiently blocks replay and eavesdropping attacks, ensuring robust security.
Additionally, Tangem Wallet’s EAL6+ Certification is a game changer for wallet security concerns. Other traits include NFC support, direct buy-sell integration using cards, Google Pay, and other avenues, and connecting three cards to ensure a physical backup of funds. Finally, Chainge provides the security of KAS tokens by enabling users to encrypt their seed phrase into a QR code with a personal password. This QR code can only be decrypted with the user’s password when scanned by Chainge’s magic button, guaranteeing exclusive access.
Protecting users’ funds and personal data is a top priority in the cryptocurrency sector. Thus, BeInCrypto actively selects platforms that excel in security and usability and offer a broad array of services, effectively meeting the diverse needs of KAS holders through a well-rounded approach.
To learn more about BeInCrypto’s verification methodology, follow this link.
What is KAS?
Kaspa is an open-source, decentralized, and scalable layer-1 solution. Founded by Yonatan Somplinsky, KAS is the project’s native currency used for all on-chain transactions and distributing mining rewards. The blockDAG network stands out for its rapid block generation — facilitating quick transaction posting to the ledger. With transactions being fully confirmed within just ten seconds, Kaspa offers an optimal solution for day-to-day transaction needs.
The community-based project operates on the GHOSTDAG protocol. With no central governance or business model, the project is firmly decentralized. The scaling solution aims to securely provide a rapid proof-of-work mechanism without sacrificing speed or security. By purging data that is more than three days old, Kaspa protects itself from 51% attacks. This way, a malicious actor is unable to take over the network, as they will only be able to access three days’ worth of data.
Kaspa is an innovative, secure, and efficient layer-1 blockchain solution that solves the scalability problem with no trade-off to security and decentralization.
ScopeDefi: Twitter
You can trade Kaspa (KAS) on Margex
What are the top Kaspa wallets in May 2024?
Finding the best crypto wallet to send and receive, storing, and managing your KAS coins needs careful consideration. Here’s a look at the most popular Kaspa wallet options for users:
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Uphold Wallet
Uphold is a global digital asset trading platform that is popular for allowing you to take advantage of a diverse set of asset classes. Some of these include more than 250 cryptocurrencies, 4 precious metals, 27 fiat currencies, and a select offering of stocks depending on your location.
The platform sources liquidity from 26 different exchanges to help you find the best prices. Uphold also prides itself on its assets being 100% backed. A common saying that you will hear associated with the trading platform is that they never loan out your money.
Lastly, Uphold also has a flagship wallet. It offers multi-chain support and allows you to hold some of your favorite currencies like KAS. It is available on Android and iOS.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
OKX Wallet
OKX Wallet offers support for over 80 blockchains, including popular networks like Ethereum, OKC, Solana, BSC, Polygon, Avalanche, Tron, and Arbitrum, among others.
OKX Wallet provides users with a seamless way to store, manage, and trade their digital assets across various platforms. Whether you’re accessing the wallet through the web, a mobile app, or an extension, OKX ensures fast and secure transactions.
Take the reins of your digital wealth with full control over your funds, keys, and personal details. OKX Wallet’s sleek integration brings the vast web3 world to your fingertips. Dive into a seamless blend of DeFi activities, from trading on multi-chain DEXs to exploring NFT markets and many DApps, all without the hassle of switching wallets.
For the crypto enthusiast aiming to grow their portfolio, OKX has an advanced trading platform rich with staking and yielding options.
Kaspa Web Wallet
Kaspa Web Wallet is a secure online security storage for your KAS coins. The wallet enables users to start a new account or import an existing one. By featuring a simple and intuitive interface, the web wallet ensures seamless sending and receiving of payments.
The web wallet comes with a user-friendly contact list. This allows users to store the addresses of anyone they interact with frequently on the wallet. This lightning-fast transaction speed ensures users save time and makes the processing of sending and receiving KAS straightforward.
Moreover, the web wallet is highly customizable to meet the demands of its users. Hence, users can adjust and set up their work however they want it. Also, users can tailor-make the wallet to meet their specific preferences and needs.
Kaspium Wallet
Kaspium is an intuitive KAS wallet compatible with Android and IOS devices. It is a non-custodial mobile wallet for the Kaspa network — which means users gain full control of their KAS coins and private keys.
Moreover, the Kaspium wallet features a mobile and desktop-friendly user interface that supports multiple wallets. Moreover, users can track their transaction history with added security features such as address management and easy authentication with device biometrics.
The Kaspium wallet is also compatible with 24-word Kaspad CLI wallet secret phases — this means that users are ensured with a layer of added security. Users can also take advantage of the touchscreen functionality.
Kaspium users can also experience quick transaction speeds for sending and receiving KAS coins with the wallet running on the Kaspa network. Moreover, the wallet supports QR codes, making its transactions quicker and more accessible. The mobile interface also supports multiple wallets, authentication of biometric devices, and address management.
Unfortunately, Kaspium is still in its test phase and might fall for certain bugs and glitches. As a non-custodial wallet, it gives users full control of their assets and sole responsibility for backing up the wallet’s secret phase. The secret phase is stored securely on the user’s device. Even though third parties can’t access the device through hacks or breaches, losing the device might result in losing funds.
OneKey Wallet
The OneKey wallet is a product of a wallet development company based out of Asia. It has a lineup of products ranging from hardware wallets and cold storage wallets to a browser extension, mobile app, desktop app, and web app.
The company behind the OneKey wallet places a strong emphasis on open-source software, much of their software code being accessible on GitHub. Similarly, OneKey hardware wallets are compatible with various third-party software, including:
– MetaMask
– Bitcoin Core
– Electrum
– Trezor web wallet
As a Kaspa wallet, you can rest assured that your KAS is secure, as OneKey takes a unique approach to wallet security for its hardware wallets. Instead of storing private keys on the microprocessor (MCU), OneKey stores them in a microchip separate from the MCU.
Lastly, to reduce the potential attack surface, communication mechanisms such as WiFi, Bluetooth, NFC, and even fingerprint scanners have been purposely removed — making the hardware wallets air-gapped.
Tangem Wallet
Incorporated in 2017, Tangem is a Swiss-based company with offices in North America, Eastern Europe, and Asia-Pacific. The business currently owns and promotes hardware cold-wallet technology with an emphasis on a safe and user-friendly UX (user experience).
Tangem wallets are physical hardware wallets about the size of a bank card. You can use them in tandem with the open-source mobile app. Tangem builds its’ wallets with a resistance to the elements in mind, especially dust, water, and extreme temperatures.
As a Kaspa wallet, it is unique because it does not support seed phrases. As a result, the wallets are sold in groups of two or three, with the additional card(s) meant as a backup. The wallet’s chips are built to the highest standards of industry security — EAL6+. To manage your assets, all you need is an NFC-enabled phone.
Chainge Wallet
Chainge Finance is a non-custodial wallet and DeFi app that offers Kaspa users various benefits for sending, receiving, storing, and managing KAS coins.
It hosts a variety of features and functionality that benefit users using it as both a native wallet and a DeFi app. Some benefits that Kaspa users can get from the wallet include scalability, security, and a decentralized platform.
A common challenge for most centralized exchanges is not necessarily handing users full control of their wallets, even when holding their private keys. However, the Chainge wallet gives users their wallet addresses while remaining in custody.
In terms of security, Chainge offers an interactive app that offers a secure and convenient way of managing key phrases. Additionally, users can encrypt their token’s seed phrase with their password through a QR code. Users can import the QR code into the wallet using the app’s magic button for scanning and decrypting the code using the password. Other users can’t decrypt your code; hence, it increases the crypto wallet’s security. Alternatively, users can store their QR codes on mobile devices or public cloud services.
The platform also offers a metal card that connects with the wallet through the tap-to-transact and encrypted NFC connection. This removes the need for Bluetooth, cords, and other USB devices.
Does KAS have a future?
While it’s difficult to be absolute in crypto, the future looks bright for the Kaspa network as well as the native KAS coin. With a fixed supply of 28.7 billion coins, Kaspa’s tokenomics are strong, with all mineable tokens set to be in circulation in the next few years.
BeInCrypto’s Kaspa price prediction evaluated the coin’s fundamental potential, on-chain performances, and technical analysis patterns, putting a possible future 2024 high at $0.36, a 2025 high at $0.79, and even a 2030 high at $5.17. However, do note that Kaspa’s future price path will be contingent on the use cases associated with Kaspa platforms, the amount of KAS coins held in Kaspa wallets, and the level and growth of network activity moving forward.
Many KAS investors are bullish about a possible 2024 listing of KAS on a tier-1 exchange, an event that some envisage will follow the Bitcoin halving and the completion of Kaspa’s transition to the Rust programming language.
Rewriting the Kaspa programming language from Go to Rust is an essential development to enhance performance and manage the complexities of the BlockDAG. This transition enables the groundbreaking achievement of 10 BPS, which allows for greater scalability and throughput
Kaspa.org
What to look for when selecting Kaspa wallets
Which Kaspa wallet suits you?
The Kaspa wallet you decide to use will ultimately depend on your personal needs and preferences and your level of proficiency with blockchain technology. If you are a beginner and require an easy-to-use Kaspa wallet to get you started, try out the Kaspa Web Wallet. The wallet allows for easy sending, receiving, and storage of KAS. Hot wallets tend to be a favorite for beginners because they are easy to use.
On the contrary, if you are a power user, you probably prefer security over features. Therefore, any one of the OneKey hardware wallets may be a better option for you. Nevertheless, remember always to do your research and observe best practices for crypto security.
Frequently asked questions
Regardless of your choice, many wallet offers you cutting-edge technology where Kaspa can be stored securely on various platforms such as desktop, web, Android, and iOS. So, the decision isn’t about dodging a poor option but optimizing a beneficial decision.
Kaspa is an open-source, community-based project and layer-1 solution. It has its native coin, KAS, that is used for all on-chain transactions while distributing mining rewards.
No. Kaspa is not listed on the Binance for trade and service. Nevertheless, you can buy Kaspa on cryptocurrency exchanges like Tapbit, Bitget, CoinEx, Digifinex and Exmo. Kaspa is traded on 16 exchanges. Currently, the most popular exchange for KAS is Tapbit.
Yes. Users can easily store their KAS coins on Trust Wallet. Also, users can store on other wallets, including hardware wallets, web3 wallets, or paper wallets. If you wish to store them for the long term — you can store them in a cold wallet instead of a hot wallet.
BeInCrypto’s Kaspa price prediction considered the coin’s fundamental potential, on-chain performances, and technical analysis patterns. Using this information, we project a possible future 2030 high to reach as much as $5.17. The minimum price of KAS in 2030 could go as low as $1.88.
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