If you are reading this, it is most likely that you are searching for a trustworthy wallet for your Horizen tokens. Well, you are lucky because, in this article, we are planning to go through 4 easy stages of setting up a new wallet for Horizen. This step-by-step guide is provided by the professional team of Guarda – a leading provider of non-custodial cryptocurrency wallets.
What is Horizen Coin?
Horizen cryptocurrency was originally founded as ZenCash, an end-to-end-encrypted system with zero-knowledge technology allowing to transmit communications and store data or value with a high level of security. Horizen is an integration of revolutionary technologies that create a system over which innovation can accelerate by combining three functions that are traditionally done separately: transactions, communication, competitive governance. As a blockchain platform, Horizen implements a leading-edge privacy technology that ensures anonymity and complete control of the digital footprint.
Horizen allows for easy transfer of value by using regular (T) and private (Z) addresses:
- T addresses are regular addresses with the transactions similar to those on the Bitcoin blockchain;
- Z addresses are called “shielded addresses” and leverage the latest privacy technology to obscure the sender’s and recipient’s addresses, as well as the amount sent.
ZEN is compatible with Bitcoin- and Z-derived applications, exchanges, and wallets.
Horizen (ZEN) price on CoinMarketCap.
How to store ZEN?
In the fast-growing world we live in, it seems like there are so many ways of storing your cryptocurrencies. It is even possible to store it directly on the exchange but a proper reliable wallet will definitely enhance the level of security. It is easy to get lost and confused among all of the wallets existing on the market. Fortunately, the Guarda team is here to give you a hand! We put together some aspects you should take into consideration while choosing the right wallet for your ZEN funds.
Pick a secure wallet
When dealing with money, the first thing that should come to your mind is security. Multiple useful features of the wallet will not do if the capital is not stored safe enough. Basically, we recommend sticking to non-custodial wallets. In comparison to custodial ones, they appear to be more reliable since they never keep or share user’s personal data or private keys. This makes you the only person in charge of your money eliminating the risk of information being leaked or hacker attacks leading to the fund loss.
Check the update frequency
The major principle of the digital world: continuous development equals security. In order to preserve your crypto assets, try to find a constantly upgrading wallet. All the new features, updates, bug fixes and other improvements are always announced by the team on a regular basis. Scroll through the wallet’s official website, social media pages and community chats for this type of news. In case you observe a long silence in the sources mentioned above, you’d better find a more active development team.
Read through the wallet reviews
Sometimes developers will try their best to disguise all the drawbacks of their wallets. Thus, along with official website information you may need to read through reviews from unbiased users. To do so, you need to go to the dedicated pages of App Store and Google Play if you’re looking for a mobile application or visit specialized review platforms like Trustpilot and CryptoCompare. Moreover, pay attention to the way developers interact with the feedback they get. Are their replies polite, fast and frequent? Do they answer at all? If not, maybe you should find another place to store your Horizen crypto.
Join the wallet community
Dear friend, you will be quite surprised to see how many useful tips you can find in the crypto communities! If you are new to the cryptocurrency market, professionals and experienced users will help you learn how to navigate through the obstacles of the digital world. They usually have answers to most of your questions and can give you valuable advice on how to manage your crypto assets thoughtfully. Check Twitter, Facebook, Telegram, Reddit, Discord, Steemit and GitHub in order to find like-minded people in the blockchain space.
How to create a Horizen wallet?
In the following section, we are explaining how to create a new wallet for Horizen on Guarda. Guarda Wallet is extremely useful for each and every cryptocurrency world citizen: both new and experienced. Our web, desktop, mobile and Chrome extension versions of the wallet allow storing, sending, receiving, exchanging and purchasing ZEN for fiat money along with 40 more major coins and their tokens. Here, we’re going to show you how to set up Guarda Web Wallet since this version is a basic one.
Create a Horizen wallet by following these 4 steps
- Open the Guarda Wallet https://guarda.co/ website main page and click “Create Wallet” button;
- Come up with a strong password for your Horizen wallet;
- Download your backup and store it in a secure place;
- Your non-custodial Horizen wallet is fully set up!
Step 1. After you open the Guarda Wallet website, at first you need to click the button in the upper right corner of the main page. This is going to redirect you to the welcome screen. Here you should choose to create a new wallet. If you require more information on the Horizen wallet you are about to create, you can check the Web Wallet page.
Step 2. It is of great necessity to create a good password for your Horizen cryptocurrency wallet. Having a strong password means that you are not going to have troubles with your wallet security in the future. Our top recommendation is to use a combination of upper/lowercase letters, numbers and symbols. You may need to check the guide for creating a safe password if you are unaware of all the requirements.
Step 3. Remember that you should download your backup and store it in a safe place. As we have already mentioned, all Guarda wallets are non-custodial which means that we are unable to restore your backup and password since we have no access to them. Thus, please, save your backup file and never share it with anyone.
Step 4. Congrats! You’ve just finished creating a new wallet for Horizen. That allows you to manage your ZEN coins easily and securely in non-custodial security. Enjoy all the features the Guarda Wallet team has prepared for you and feel free to leave a review!