Filecoin is a decentralized blockchain network aimed at providing a decentralized file storage system for the global population.
It is an open protocol backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL.
The governance of the project is done by the community since it is an open-source, decentralized protocol. Anyone can join the network and pay in FIL to start storing data, or provide space for others to use and get paid.
The native token, FIL is used to pay for transaction fees, and miners use it as collateral which guarantees their services will not fail. Apparently, members of the community can also use their FIL to participate in voting over governance decisions for the project.
If you wish to participate in this ecosystem, you need some FIL, and here are the best wallets you can use to hold the FIL.
Trust Wallet
You can use Trust wallet to store FIL and over a million other crypto assets. This makes it an excellent choice for investors looking for a wallet they can use to hold the large portfolios of altcoins.
The wallet enables users to not just hold, but also swap their assets. In addition, you can also buy and hold non-fungible tokens (NFTs). There is also the staking aspect which you can use to stake your assets to earn passive rewards.
You can use the wallet on Android and iOS mobile devices and also as a browser extension on Chrome and other top web browsers. And yes, it is a user-friendly wallet for everyone regardless of experience with crypto.
Ledger Nano X
Ledger Nano X is a hardware cold wallet that supports over 5,000 crypto assets including FIL. You can use it to hold and swap these assets as well as take some selected ones. The wallet also allows users to buy and hold NFTs.
If you’re looking for a wallet that provides high security and that you can use to hold crypto assets offline for long, this is the wallet that is for you. The wallet is very versatile because it allows users to connect to mobile devices through Bluetooth as well.
Using a hardware wallet may be a bit technical and challenging for new crypto users, but with little practice, they can use it to protect their portfolios.
Atomic Wallet
Atomic wallet is a web3 wallet that you can use to hold your FIL and over 1,000 other crypto assets. It has web3 features such as staking of assets, support for NFTs, among many others that you can explore.
The wallet is a multi platform one also, available on desktop for top operating systems such as Windows, Linux, and Mac. It is also available for Android and iOS mobile devices as a mobile app.
More recently, the wallet also rolled out a web browser version. This comes as a browser extension for Chrome and other web browsers. It is a wallet that is suitable for both beginners and experienced crypto users.
Exodus
Exodus wallet is a wallet that many crypto users are familiar with. It is another web3 wallet with all the features a web3 enthusiast would look for. You can use the mobile apps to stake assets and to hold NFTs as well.
You can use the wallet as a mobile app for Android and iOS, or as a desktop wallet with hardware wallets like Ledger, Trezor and others. Yet, it is a simple wallet with a simple user interface that anyone can use. There are more than 300 supported assets on the wallet, including FIL.
Metamask
Metamask is a browser extension wallet that was created initially for the Ethereum blockchain. However over the years, it has supported other blockchains like Binance Smart Chain.
Though FIL doesn’t belong to any of the supported blockchains, there is now a way you can add the token to the wallet. This is also a web3 wallet with staking, NFT, and other web3 features as well.
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