Part 10/13:
When selecting a wallet, coin support is the most critical factor. Many wallets, like Ledger and Treasure, support hundreds of cryptocurrencies, while others still focus on Bitcoin or Ethereum. Users are advised to confirm coin support via official websites prior to purchase.
Adding Custom Tokens: Supported only if the network is compatible. For example, Ethereum-based tokens can often be added via contract address, but support for non-standard or unsupported networks is limited.
Passphrases and Seed Phrase Management
Adding a passphrase (also known as a hidden wallet) enhances security by creating multiple layers of protection:
- Even if someone acquires your seed phrase, they cannot access the passphrase-protected wallet.