Wallets
Explore different wallets to store your PIVX.
When it comes to wallets, you have options! For some, it may even make sense to have multiple wallets. Your task is to find out which one works best for you.
PIVX Core Wallet
The PIVX Core wallet is the standard PIVX wallet. While it is the most feature rich wallet available, it runs on a PC or VPS (Virtual Private Server) running Windows, Linux, or macOS which makes mobile transactions very cumbersome.
Pros:
- Decentralized and does not require a third party to facilitate transactions
- Can operate as a Masternode server or controller
- Can operate as a Cold Staking Node
- Can Perform Both Shield and Transparent Transactions
- Supports Sheilded Memo features
- Non-Custodial
Cons:
- Not mobile friendly
MyPIVXWallet
MyPIVXWallet, also known as MPW, is a non-custodial light wallet which works completely from within a standard web browser. It is not necessary to download the entire blockchain. MPW is under heavy development - features and improvements are constantly being added or improved.
Pros:
- Very fast and lightweight
- Works on most desktop and mobile browsers
- Very low data consumption
- Can Perform Both Shield and Transparent Transactions
- Can Cold Stake
- Can be used as a Masternode controller
- Non-Custodial
Cons:
- Can not operate as a Masternode server
Hardware Wallets
The Ledger hardware wallet is currently the only known hardware wallet device that supports PIVX.
A Ledger device keeps your private keys in a completely offline environment isolated from your internet connection which can protect your private keys from hackers and malware.
Pros:
- Can hold PIVX in addition to other cryptocurrencies
- Works on desktop and mobile devices
- Non-Custodial
Cons:
- Shielded transactions currently not available
Third Party Wallets
A third-party wallet is just a wallet that was not created by PIVX developers. These wallets can come in many different forms such as a desktop app or an Android or iOS mobile app.
The PIVX downloads page provides a list of third-party wallets that are known to support PIVX. Note that most third-party wallets do not support the full functionality of the PIVX Core wallet or MyPIVXWallet. Third party wallets may also be Custodial (see FAQ below).
The Arctic wallet is a multi asset wallet that works on desktop or mobile hardware.
Pros:
- Can hold PIVX in addition to other cryptocurrencies
- Works on desktop and mobile devices
- Non-Custodial
- In-app exchange
Cons:
- Staking not available
- Masternodes not available
- Shielded transactions not available
Komodo wallet is a secure wallet and non-custodial decentralized exchange rolled into one application. Komodo is a multi asset wallet that works on desktop or mobile hardware.
Pros:
- Can hold PIVX in addition to other cryptocurrencies
- Works on desktop and mobile devices
- Non-Custodial
- In-app exchange
Cons:
- Staking not available
- Masternodes not available
- Shielded transactions not available
With NOW Wallet you can store, buy, exchange and stake in a secured mobile and desktop app. 40+ blockchains and thousands of tokens available. Apps are available for desktop and mobile hardware.
Pros:
- Can hold PIVX in addition to other cryptocurrencies
- Works on desktop and mobile devices
- Non-Custodial
- In-app exchange
Cons:
- Staking not available
- Masternodes not available
- Shielded transactions not available
CoinSpot is a custodial multicoin web wallet (see FAQ below). You can buy, sell and swap into any other coin or token available on the platform.
Pros:
- Can hold PIVX in addition to other cryptocurrencies
- Works on desktop and mobile devices
Cons:
- Requires a single third party to complete transactions
- Staking not available
- Masternodes not available
- Shielded transactions not available
- Lacks coin control
- Custodial
WARNING - Please make sure to do your own research and due diligence prior to trusting a third-party service with your keys to limit the risk of losing your coins!
Wallet FAQs
PIVX wallets can be broken out into two different types:
- Non-Custodial Wallet (preferred)
- Custodial Wallet
With a Non-Custodial wallet, like the PIVX Core wallet or MPW, you are the only one with access to your private keys, therefore, you also have complete control over your PIVX.
In contrast, a custodial wallet is a wallet where the third-party (someone else) has complete control over your private keys and therefore, your PIVX. Centralized Exchanges are custodial. It is best practice to withdraw your PIVs from the exchange once your trades are completed and that you NEVER use an exchange as a long term wallet.