- VeChain holds 25th position by market capitalization
- VeChain launched its own MainNet last year and stopped being an ERC20 token
- Always set a strong password and secure your private keys to secure your tokens
The VeChain Token (VET) is the VeChain blockchain’s native token that is used to carry the value transfer function of the blockchain and all its attendant activities. VeChain’s side-chain capability and high scalability have made one of the leading cryptocurrencies that holds the 25th position by market capitalization.
Since VeChain launched its own MainNet on June 30, 2018, it stopped being an ERC20 token and you can’t store it in an ERC20 compatible wallet. This guide curates the list of top 10 VET wallets that support the coins:
VeChain Thor Wallet (Mobile Wallet)
The VeChain Thor mobile wallet was unveiled alongside the VET token and the VeChain MainNet as the dedicated mobile wallet for VET. The wallet is compatible with both Android and iOS and gives users a streamlined, lightweight and secure mobile cryptocurrency wallet that easily connects to the VeChain Thor blockchain. The leading features include send and receive, token swap, observe an address and bind your X node providing a useful and convenient way to secure, send and receive VET tokens.
Ledger Nano S
This USB-sized cryptocurrency hardware wallet is well suited for transactions. It’s a multi-asset hardware wallet that resembles a folding drive which can also be used to store Bitcoin, Ethereum and over 30 other cryptocurrencies.
Ledger Nano announced the inclusion of VeChain (VET) which was previously an ERC 20 token symbolized by VEN. The wallet is secure, un-hackable and malware-proof so there’s no risk of exposing your private keys on the internet.
VeChain Thor Sync (Desktop Wallet)
The VeChain Thor Sync wallet is the only desktop wallet available for storing VET tokens. The wallet was created soon after the MainNet launch and is therefore available for OSX and Windows. While it may not be too polished, it gives access to the VeChain blockchain and enables you to send and receive VET coins.
Atomic Wallet (Desktop Wallet)
This desktop Atomic wallet is compatible with MacOS, Windows, Fedora, Debian and Ubuntu. The wallet was designed to leverage the potential of atomic swaps and integrate the decentralization of the crypto ecosystem but it doesn’t fully support atomic swaps for all the 200 coins it supports. The wallet however offers Changelly and ShapeShift for many coins.
TREZOR (hardware wallet)
The TREZOR wallet offers real competition to the Nano S and is a popular choice. The wallet connects to computers and Android devices via a micro USB. The wallet includes a built-in screens and buttons to enable manual verification for transactions. TREZOR is a PIN protected wallet and every time someone enters the incorrect PIN in succession, it automatically increases the wait time until you can try again by the power of two.
Trust Wallet (mobile)
The Trust wallet is iOS and Android compatible you can access via an online browser. The wallet allows users to send, receive and store different cryptocurrencies all ERC20, ERC223 and ERC721 tokens, Ethereum Classic (ETC), and VeChain (VET). The wallet’s key security feature is being able to store your private keys locally on the device. The wallet’s other key feature is a built-in Web3 browser that enables direct interaction with decentralized applications.
Cobo Wallet (hardware/mobile)
The Cobo wallet offers a simple but secure storage for the VeChain cryptocurrency. The hardware/mobile wallet comes with impressive features that include secure data transfer as it is “air-gapped” to protect transactions from hackers, multi-currency support, military grade durability and next-generation security. This hardware wallet features a self-destruct mechanism to prevent channel attacks and web authentication for preventing supply chain attacks.