Samsung Electronics announced that users of cryptocurrencies on the blockchain can now manage virtual assetsand trade them from third party crypto wallets on Samsung Galaxy smartphones.
The update makes it easier for users to accessblockchain and transaction processing by importing virtual assets stored in separate cold hardware wallets into the Samsung Blockchain Wallet available on most Galaxy smartphones1.
Hardware wallet support makes blockchainGalaxy with a single user interface for managing cryptoassets from one convenient location. In addition to the Samsung Blockchain Keystore, Galaxy smartphones can connect to hardware wallets including the Ledger Nano S and Ledger Nano X. 2.
Samsung Blockchain Wallet users alsowill be able to follow the latest cryptocurrency trends with a dedicated in-app news feed from CoinDesk, one of the leading blockchain news agencies.
After launching on the Galaxy S10 in 2019, Samsung Blockchain Wallet is ready to support the most popular cryptocurrencies, includingBitcoin, Ethereum, ERC tokens, Tron (TRX) and TRC tokens... In addition, Galaxy users will discover decentralized applications (DApps) that use blockchain technology to authenticate digital asset exchanges.
Samsung provides access to the latest DApps - from gaming to social media, finance, security, and more - and offers recommendations for users across a variety of categories.
For storing and managing virtual assetsdevices must be protected. Samsung's mobile blockchain solutions are made possible by the Samsung Knox security platform. The private keys used for cryptocurrencies and DApps are encrypted and stored in an area isolated from the main operating system called the Samsung Blockchain key store.
This information is additionally protected by a secure processor and can only be accessed by providing the PIN or fingerprint of the asset owner.
Samsung believes innovation canonly happen with an open and collaborative approach, which is why access to their blockchain ecosystem was opened using the Samsung Blockchain SDK. This allows developers to create DApps that easily generate, store and manage blockchain accounts, and process transactions using APIs dedicated to each ledger.
The Samsung Blockchain Developer Kit also provides APIs to enable DApps to securely sign virtual asset transfers using third-party hardware wallets.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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