Tezos, also known as Tezzie and Tez is a complex blockchain network. It acts as an open-source platform for digital assets and is supported by the international community of builders, validators, and researchers. Moreover, it implements one of the best technologies Michelson which is generally used in nuclear, aerospace, and semiconductor industries.
The question of investing in Tezos is ambiguous as it can be beneficial for some investors and destructible for others. But, considering its increasing popularity and demand in the crypto market, it is quite evident that more inventors are inclining towards it.
However, when you invest in any cryptocurrency, you also need a safe and reliable method of storing them without hampering the security. In other words, you need Tezbox wallets that are designed and produced with the sole purpose of storing your Tezos tokens.
Types of crypto wallets
Generally, there are three types of cryptocurrency wallets:
- Hardware wallets- This type of crypto wallets look like a standard USB and store the user’s private keys, data, and digital assets on a hardware device. Many people prefer them over other types of wallets since they are immune to computer viruses.
- Software wallets- Unlike hardware wallets, software wallets store your private keys and cryptocurrencies using the internet connection. They are further classified into mobile wallets, web wallets, and desktop wallets.
- Paper wallets- The last type of crypto wallets is paper wallets in which crypto addresses and private keys are printed on a piece of paper. They are commonly used in form of QR codes and users can scan them anywhere to continue transactions. However, people no longer use paper crypto wallets as they are highly dangerous and prone to harmful flaws.
Choosing the right wallet
Even if you prefer Tezos over other cryptocurrencies, you might have to face a few challenges. Starting with the most important one- the lack of crypto wallets. It is known to very little that there are not enough wallets for cryptocurrencies like Tezos (XTZ) except Bitcoins.
Luckily, there are Tezbox wallets that were introduced as a safer alternative to store, manage, access, and conduct other such processes smoothly. It was introduced by Stephan Andrews who is also a member of the board and a community developer. The primary aim behind launching it was to make it easier for crypto lovers to transfer, buy, or store their Tezos without stressing themselves.
By visiting the official website, TezBox.com, users can also:
- Create a new account
- Restore an existing one
- Link their hardware wallets to import Tezos from other existing accounts.
Next, users need to create a strong 15-word seed phrase and an unpredictable password to encrypt their wallets or do the Tezbox login.
What are Tezbox wallets?
In simple words, Tezbox is a multi-system wallet that aids the user in storing, managing, sending, or receiving tokens. It lowers the risk of malware and data hackers associated with the use of internet connection by implementing a robust security system.
In addition to this, it is a decentralized crypto wallet that allows the crypto holder to have full authority over their assets. Moreover, it also prevents the intervention of third parties like regulators or the government itself.
The multi-account feature
Fortunately, Tezbox wallets can support multiple Tezos addresses using a single Tezbox wallet session. In other words, users can create numerous accounts of the same Tz1 address, connect hardware wallet devices within a single Tezbox session.
To do this, you have to follow the below-mentioned steps:
- Tap on the QR image available at the top right-hand corner of the Tezbox interface screen.
- Next, a drop-down menu consisting of multiple functional options will appear on your screen.
- From there, you can create, restore, or connect your Ledger or Trezor device to access multiple Tz1 addresses using the same Tezbox wallet process.
- The next step is to think of an inviolable seed paraphrase for each Tezbox account. However, later you will only need a single password to access all of your accounts.
As a result, Tezbox users no longer have to invest their time and energy into having separate sessions to access multiple accounts.
Download your Tezbox wallets
Currently, Tezbox wallets are only available for Android smartphones, macOS, and Windows. Recently this wallet company also released its web and desktop versions that share the same coding language. Moreover, the only advantage of choosing the desktop wallet over the web wallet is that it is immune from DNS hacks and hackers on the internet.
In addition to this, although the code of this crypto wallet went and passed through several security inspections, this desktop wallet is as safe as your device.
How to recover a Tezbox wallet?
If you are also among those crypto wallet users who are unable to access their accounts or execute Tezbox login, then do not worry because there is a simple solution for this. Users can effortlessly get back everything by following these simple steps:
- Go to TezBox.org on your device and ensure that HTTPS is present just before the URL link of the website.
- Next, you will find three options on your screen- Private key, ICO/Fundraiser wallet, and Seed Phrase.
- Tap on the ICO/Fundraiser wallet and fill in all the details such as the email address, password, paraphrase seed, public key hash, and the activation code.
- Users must always cross-check all the details before clicking on the restore account option.
In addition to this, it is also important to remember that KYC is crucial for creating the account and recovering tokens.
The Tezbox crypto wallet is user-friendly as it comes along with a graphical user interface. It not only safeguards your crypto, private keys, and data but also adds several layers of high-end security systems. Moreover, processes like the Tezbox login, restoring accounts, and transferring funds are also easy to understand.
Thus, users do not have to acquire a separate set of skills to use the Tezbox wallet. Now, they can finally relax, sit back, and manage everything efficiently.