NFC wallet cards are a relatively new invention created for crypto enthusiasts and investors. But what is it, and what are its benefits compared to digital wallets that came before it?
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What is an NFC Wallet Card for Cryptocurrency?
Cryptocurrencies are digital assets, and people often put them in specially made ‘wallets’ designed to hold them for safekeeping and safety purposes.
A wallet card with NFC offers convenience to investors and cryptocurrency holders since it can store Bitcoin, and allow for quick transfer and shares. The NFC technology, or near field communication takes care of the authentication process and is usually paired with a smartphone.
Crypto wallets are either hardware, mobile or desktop wallets. Hardware wallets are devices that can store ‘keys’, or a set of numerical identifiers that point to a person’s cryptocurrency stash. Think of it as a bank account number in a traditional financial sense.
Why Use NFC-Enabled Wallet Cards?
They’re Relatively Lightweight
A wallet card is exactly what it says- a form of cryptocurrency storage that has the size and weight of a credit card.
These cryptocurrency wallet cards are portable, and users can just slip them in their physical wallets or even their iPhone case when they want to bring them.
They Offer Greater Level of Protection
Bitcoin investors who have used bitcoin code may be wondering how they could safely store the Bitcoin they earned trading, and one of the best answers is an NFC-enabled wallet card.
It serves as a wallet that can store keys and your digital wealth while providing security such as passwords, text codes and others. They’re unlike paper wallets that only store the keys but don’t have any sort of encryption.
No Charging or Relying on Other Devices
Wallet cards for cryptocurrency are standalone devices, which means you don’t need to connect them to a computer to gain access to the data inside. Furthermore, these cards with NFC do not require charging as there’s no battery in it.
The primary method of ‘communication’ or transfer is via NFC. A contactless process eliminates the need for cables and wires and can be used anytime.
No Need to Sign Up
Crypto wallet cards are considered products that do not require any signups or registration. Investors can just buy one and store their digital coins inside it either through NFC or via app. There’s no lengthy procedure or agreeing to terms, like a regular bank account.
What NFC Wallet Card Should You Get?
NFC-enabled digital wallet cards are a dime a dozen, and every day there’s someone who plans to invest in Bitcoins and emerging cryptocurrencies.
Not all NFC cards are alike, and some are better than the others. It’s recommended that you check the NFC technology behind the wallet card and ensure that it’s fully compliant with Forum Type 4 Tag specifications before buying.
Any additional features, especially in the security department is welcome. Whether it be end-to-end encryption, AES or passwords, the more of these things the better it will be in protecting your digital assets.