The easiest way to create a wallet and start using cryptocurrencies is to use a custodial wallet. But it's not always the safest way. If you decide to create a custodial cryptocurrency wallet you will have to trust a third party with your crypto funds by giving them your private keys. The main benefit of a custodial cryptocurrency wallet is simplicity. All you need to do is find a platform that will host your wallet and create an account on their website. After that, you will receive a public key that you can use to receive funds.
If you tend to lose your passwords from websites custodial wallets might become a solution for you too. Since it's the third party that holds your funds you will always be able to reset your password without losing any of your money.
CoinsPaid wallet has all functions that you need and will allow you to manage your funds from any device that has access to the internet. To get a safe custodial crypto wallet you will need to:
- Create your account
- Write down your private key
- Use the public address that you will receive to accept crypto