Understanding Crypto Asset ManagementHere is where Crypto Asset Management platforms comes in. Crypto asset management platforms such as Binary Stock allow users to consolidate diverse holdings in one platform. This means no more managing of multiple wallets and accounts, now you got it all in one place while you can also take advantage of improved portfolio management tools.A crypto asset management platform not only makes life easier for newcomers to the crypto asset universe, but also for experienced traders. The rise of these platforms may contribute to open the cryptocurrency market to a broader participation also from less knowledgeable investors.What is a cryptocurrency wallet?Just like you store your USD, Euro or GBP in a wallet there are also wallets for cryptocurrencies. Keep in mind, not every wallet accepts every cryptocurrency, but there are wallets that allow multiple cryptocurrencies.The wallet stores the private and/or public keys and not the coins. The info stored in your wallet points to the location of your cryptocurrency on the blockchain and public and private keys either allow others to make payments to you or allow you to spend your cryptocurrency from the address derived from your key.As you can imagine with a growing portfolio of cryptocurrencies, maintaining many separate wallets can easily become a nightmare. This is one reason why crypto asset management platforms become more and more popular as they allow to manage all your wallets on one platform.But there are also great wallets that support a wide range of cryptocurrencies. One example is Trust Wallet. It supports many cryptocurrencies including most of the popular ones and allows you to create multiple wallet portfolios.
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