Why is it important to choose a safe crypto wallet?

As a cryptocurrency investor, one of your key priorities is to keep your investment safe. By choosing the right kind of crypto wallet, you safeguard your money and make sure you have full personal control over what you do with it.

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The non-custodial crypto wallet

Why use a crypto wallet to store your money in the first place? One of the important things to understand about crypto is the importance of your private key. Your private key is the unique cryptographically generated key that controls access to your funds. Simply put, whoever has your private key has your money.

That leaves you with two choices. Either you trust someone to take care of your private key for you. This is what happens when you buy and keep cryptocurrency on the big crypto exchanges, for example. Or you take responsibility for it yourself – what is known as a non-custodial solution.

The advantage of this is security and control. A non-custodial crypto wallet allows you to take personal custody of your private key (and therefore your money), providing a more secure way to look after your funds and meaning that you and only you decide how you handle your money.

Different types of non-custodial crypto wallets

There are plenty of different options when it comes to choosing a non-custodial crypto wallet, each with their own advantages and disadvantages. These include:

Hardware wallets: A physical device that allows you to store your keys offline, connecting to a computer only to make transactions.

Desktop wallets: Wallets that rely on software installed locally on your PC.

Mobile wallets: A wallet that allows you to store assets digitally through an app on your phone or tablet.

Paper wallets: A piece of printed paper detailing your private and public keys.

Whichever option you choose, it’s critical to examine the security of the provider you are considering. Not all wallet providers will have the same level of security measures in place, and poor security practices could leave you exposed.

Zumo Money: What is it, and how does it work?

If you’re interested to find out more about holding your crypto in a non-custodial crypto wallet, you might well be interested in the Zumo Money mobile app.

Zumo Money is a secure yet easy-to-use crypto wallet smartphone app that stores Bitcoin, Ether, and more. Engineered to get you comfortable with crypto, it allows you to make easy transactions on the go with a flat fee of 0.5% for buying, selling and exchanges. Transactions are also subject to blockchain fees (the fee charged to process and verify transactions on the blockchain, see the full Zumo guide here). These are transparently displayed to the user before they make a transaction.

A key benefit of Zumo Money is the convertible Visa card, which allows Zumo app usersto convert their crypto into British pounds and spend anywhere that accepts Visa. Hold your British pounds and your crypto in one convenient app, and manage all your money in one place. Currently, the card is virtual, with a physical card coming soon. If you’d like to find out more, or sign up for the convertible card, you can visit Zumo’s page here.

All in all, Zumo Money combines all the best benefits of security, usability and flexibility. All you have to do is download the app, choose an ID, and you’re good to go. It’s a non-custodial crypto wallet, meaning that you have full control of your funds and private keys. That’s what makes it a leading crypto wallet in the UK.

What is BSV?

Bitcoin Satoshi Vision (BSV) is a derivative of Bitcoin Cash, which is itself a derivative of Bitcoin. It uses essentially the same blockchain, with some amendments that have targeted the dual benefits of cheaper transaction fees and increased transaction capacity.

The name comes from its supporters’ belief that BSV aligns with the original vision of Satoshi Nakamoto, who first published the white paper explaining Bitcoin.

It is the third cryptocurrency supported by Zumo, with Zumo users able to hold and receive BSV. To find out more about BSV and its benefits, read the latest Zumo BSV guide.

Created in 2018, BSV aims to scale transaction capacity and thereby provide a scalable Bitcoin solution while allowing users to benefit from reduced fees.

Is Zumo compatible with BSV?

Zumo will shortly be supporting BSV as well as Bitcoin and Ether. As a UK crypto wallet, it also supports GBP transactions and has a virtual Visa debit card. This means Zumo users get exposure to a variety of cryptocurrencies, as well as traditional money. For more information about Zumo’s virtual debit card, please read the section below.

Best cryptocurrency investment opportunity with the Zumo Money app

Zumo Money’s unique features help it stand out from other crypto apps. Zumo is one of the best crypto wallets with some of the most sophisticated security and most user-friendly interface. Its wallet stores both Bitcoin and Ether as well as the upcoming introduction of Bitcoin Satoshi Vision (BSV). Currently, only a few wallets support BSV in the UK, making it a good choice for those interested in holding the cryptocurrency. Zumo also offers the ability to shop online using the virtual Visa debit card. It even includes price alerts so you can react to market volatility in seconds. If you ever need pounds fast, you can convert your crypto assets to GBP in minutes.

To celebrate the introduction of BSV to the Zumo app, you can enter a giveaway to win £10,000 of BSV by simply downloading and activating the Zumo app. You must have your profile approved and deposit at least £1 to qualify. Participants must live in the United Kingdom in order to qualify for the giveaway.

Zumo also ensures privacy and security for customers. Once you have installed the app, you will need to pass KYC (Know your customer) checks to activate it. Many countries have started imposing regulations on crypto exchanges to protect investors. Data leaks, fraud and scammers are just some of the threats prevented by proper KYC. KYC is used to verify customers to ensure that the transactions made on the platform are genuine and not made by scammers. In addition, it keeps a record of each user’s past transactions. Zumo goes to extra lengths to safeguard the privacy of its users. You can read about Zumo’s due diligence with sensitive data in its privacy policy.

Zumo’s VISA debit card – a quick overview

Virtual debit cards are similar to their physical counterparts. You can use them to make an online purchase as you would with a regular debit card. The key difference is that a virtual debit card isn’t a physical card.

There’s no card to lose, or even a PIN for that matter. For these reasons, virtual debit cards are more secure than physical ones. Virtual payment cards aren’t just useful when travelling; they’re also handy for everyday purchases. You can use them for online shopping or booking hotels and flights online.

Virtual debit cards linked to a UK crypto wallet in the UK are even better. They allow holders to exchange their crypto into British pounds and virtually spend all their assets, however they are stored. These cards can be used anywhere online that accepts major credit cards, and cannot be easily cloned and stolen.

If you want to learn more about how to use the Zumo virtual debit card, you may wish to consult the FAQs. This has many troubleshooting tips like how to freeze or unfreeze your card or report it stolen. It also details Zumo’s anti-fraud measures to protect your assets. With all these security measures in place, you can be confident and assured with the Zumo Money crypto wallet.

Conclusion

In conclusion, Zumo Money is a fantastic solution for anyone who needs a non-custodial crypto wallet in the UK. It’s the easiest to use, fastest and most convenient wallet in the UK market. The best part of this app is that it’s entirely free to get started. If you want the best crypto wallet for your crypto assets, then Zumo Money is a perfect choice. With its beautiful interface, it will make holding cryptocurrencies as easy as ordering an Uber.

Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor. 

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Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.