Launched in 2016, Komodo is a new blockchain in the market with the goal to create an autonomous, free, and independent blockchain network. The Komodo blockchain platform was designed to bring in new innovative ideas and to serve the interests of both blockchain developers and entrepreneurs as well as the ordinary crypto investors. Komodo aims to provide a more secure, scalable, interoperable, and adaptive blockchain ecosystem. In this article, we will discuss best Komodo wallets to store KMD tokens.
Komodo’s open-source platform provides end-to-end business solutions to developers and users.
The decentralized platform provides atomic swaps through which developers can crowdfund, create their own blocks, and integrate with other blockchain networks.
Decentralized Initial Coin Offering or DICO
Komodo’s ICO launch was completely decentralized. Through DICO, the coins are distributed among many nodes in the blockchain thus preventing the concentration of too many coins in the hands of a few.
Decentralized Exchange of Komodo-BarterDEX
BarterDEX is Komodo’s decentralized exchange platform that allows all trading of cryptocurrencies and atomic swaps. Through atomic swaps, the exchange holds the counterparty trading risks completely relieving the investors from the liability burden.
Delayed Proof-of-Work Consensus Mechanism (dPOW)
The dPOW consensus mechanism of Komodo is based on Bitcoin’s proof-of-work protocol. All network transactions of Komodo platform are ‘backed up’ on the Bitcoin POW.
Atomic Komodo Wallet (Mobile, Desktop)
Atomic Wallet is a multi-currency custody-free app for secure storage and management of Komodo, Bitcoin, ETH, XLM, XRP, LTC, and more than 500 other coins and tokens. All the crypto assets and features are getting regularly updated. Your private keys are securely encrypted into your device, so only you have full control over your funds.
The wallet supports Atomic Swaps, a regular feature that helps users significantly save on fees. Atomic wallet enables you to buy crypto with USD, EUR or any other local currency and exchange assets at the best rates via well-trusted partners: Changelly, Shapeshift and ChangeNOW.
Features: Staking, Handy interface, Optimum privacy & security, Decentralized, Multi-currency, Custody-free, Built-in Exchange, Membership program, Buy crypto with Bankcard, 24/7 instant support.
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AtomicDEX is a crypto wallet that supports over 30 different coins and tokens, including KMD. What makes AtomicDEX unique is the built-in decentralized exchange features. With atomic swap technology, AtomicDEX lets you swap coins and tokens directly with other users, from within your wallet. You always hold the private keys to your assets. All swaps are made peer-to-peer so there’s no need to make deposits or withdrawals on centralized exchanges. This makes trading far more secure.
In addition, the Komodo team— the team behind the AtomicDEX product— has been leading the industry in atomic swap technology for years. The atomic swap technology that powers AtomicDEX is a cross-protocol bridge. You can swap BTC and other BTC-protocol assets, such as Litecoin or Dash, directly for Ethereum and ERC20 tokens. For example, if you wanted to swap Bitcoin Cash directly for Basic Attention Token (BAT), you can make that trade directly on AtomicDEX.
Guarda- Komodo (Web, Desktop, Android) Wallet
Guarda Wallet is a highly secure, user-friendly multi-asset crypto storage offering support for a wide range of coins and tokens (including, obviously, Komodo KMD, BTC, BCH, BSV, ETH, ETC, XMR, ZEC, XRP, EOS, LTC, XLM, DASH and more).
Since it is a non-custodial Komodo wallet, users fully control their private keys and do not share access to them with any third-parties. Guarda also has a built-in exchange and purchase service, so KMD management with this wallet is seamless and easy. Besides that, here are some more remarkable features of Guarda KMD wallet:
Secure backup encryption and custody-free storage policy
Built-in purchase and exchange services
Wide range of supported cryptocurrencies with new coins and tokens added constantly
24/7 customer support line with the fastest response time on the wallet market
Cross-platform operations – all the wallets are easily synced across available versions
Currency-specific features of supported coins
Additional services such as ERC20 Token Generator
Ledger Nano S integration
The Komodo Agama desktop wallet is available for Mac, Linux, and Windows operating systems. It is developed by SuperNet, one of the companies owned by Komodo. The wallet supports multiple currencies like Komodo, Bitcoin, and Zcash. The users can choose between Basilisk, Full and Native nodes. Furthermore, Agama consists of DEX which is a decentralized liquid exchange platform and PAX, a pegged asset exchange platform for fiat coins.
This desktop wallet is a native wallet of Komodo. The wallet’s QT interface runs well both in Windows and Linux operating systems. The wallet is fast and is the world’s first QT wallet for Zcash forking.
Agama is a mobile wallet and can be downloaded into your Android and iOS phones. It uses the TestFlight application. Wallet users can earn 5% rewards for holding more than 10 KMD coins. Users must have a backup of their seed phrase and private keys in case of loss of their mobile devices. Agama mobile wallet is by far the best Android wallet for Komodo users. The iOS app is yet to be developed.
Ledger Nano S is a hardware wallet and supports multiple currencies like Komodo, Bitcoin, and Ethereum. The wallet appears asa USB port that can be carried anywhere and connected to your laptop device for easy accessibility. The wallet is easy to use and is recommended both for experts and amateurs.
Trezor is a hardware wallet. The interface is quite easy and is a good option both for beginners and pro. The wallet is protected by private keys and seed code that is protected by a passphrase and can be used to recover if it is lost. Trezor is a well-known hardware wallet in the Komodo platform.
Komodo Paper wallet is one of the safest wallet options for users. Users need to be quite diligent and alert while saving their private keys, so it is often not recommended for beginners. It is advised that only one person should have access to this wallet or otherwise you may have no clue about your assets. If a paper wallet is lost, it cannot be retrieved. So, users especially those who have experience handling it has to be well-versed and careful about the whole process.
Magnum is also a multi-currency decentralized wallet with the integration of Changelly exchange. It supports Bitcoin, Tezos, Ethereum and few other crypto assets including KMD tokens. Magnum wallet. It supports the Ledger device and offers multiple Airdrops to the users.
I hope you enjoyed this article on the best KMD wallets. We handpicked available wallets for KMD coins to make this list of best wallets for Komodo coins. Which KMD wallet you are using? Share with us in the comment section below.