There are two types of wallet in Signum:
- Local wallet (or software/app)
- Online wallet
You can choose either one of these options to access your funds.
Local Wallet
A local wallet is a software or app that you install on your device. This is the most recommended and simplest way to access your Signa.
There are two options for local wallets:
- Phoenix
- BTDEX
Phoenix can be downloaded to any device you are already using: iPhone, Android, PC, Mac, and Linux.
For BTDEX, however, you’d need a computer that can run java. It works with MacOS, Windows, and Linux.
Online Wallet
Online wallets are webpages that allow you to access the Signum blockchain. You can usually find these on pool pages.
From a security standpoint, it is not recommended to “login” to your account using online wallets unless you are using your own node.
Why?
Because you have to enter your 12-word passphrase in order to do so and that can be intercepted (see man-in-the-middle attack) or it can be stored by the pool operator.
While there are no evidence this is the case, it can happen.
That is why using local wallets are the best option for accessing your Signa and the Signum Network.