The decentralized Sia platform is designed for cloud storage. Thanks to the use of special blockchain technology, it was created as a secure and affordable place to store data.
Such a system is capable of encrypting all necessary user files. Also, it can be used to distribute them over the network. But in this case, the only one who can save the encryption keys is the owner of files. He can also control all the necessary data.
Therefore, all the files are well protected individually. This is the main advantage over other platforms, which are stored in common storage.
In addition to the high level of security, it is possible to note the accessibility. You need to pay a small fee of no more than $2 for the storage of files. And it is possible to pay with Siacoin cryptocurrency. You can buy the coins in almost any exchanger, for example in LetsExchange. Also, such cryptocurrency can be mined.
Siacoin storage locations
Since Siacoin cryptocurrency is not a standard ERC-20 token, you can’t store it in all places. There are a limited number of wallets, and you can consider the best options among them. Let’s take a closer look at them.
The official Sia.UI wallet
This is the best option for storage, as it is developed by the Nebulous team. You can download such a wallet on any device that supports Windows, MacOS and Linux, from the resource GitLab or the official site.
This storage space opens up opportunities for users to:
- store coins;
- rent space;
- sell space.
Users can easily exchange coins with others connected to the same wallet.
Since it has a full node, the entire blockchain must be loaded for it to work.
Ledger Nano S Wallet
It is considered the leader of hardware wallets on the market. Among its main advantages we can mention:
- Works with a variety of cryptocurrencies.
- Does not require an Internet connection.
- All keys are hidden from hackers.
Swap will require authorization of the wallet on the computer.
It should be noted that such a wallet may seem complicated for novice users. But with the right approach, everything can work out with time, and a person will appreciate all the advantages of this storage.
Android Wallet Sia
Regardless of its name, this wallet was developed by a company that is not affiliated with Siacoin in any way.
This wallet is a mobile application. That’s why it is so popular, because there is no other wallet like it.
In order for the wallet to work, the user will need to download the full blockchain, as it is a full-featured application. It should be noted that this wallet has a very low capacity and there is no opportunity to rent storage space.
Users of this mobile app can be assured that all personal data and keys will be protected, due to the fact that the wallet is decentralized.
Sia Cold Storage Generator
This kind of storage system will not require you to download a blockchain, as it is not exactly a traditional wallet. Such a generator looks for addresses for a Sia wallet.
The autonomous Sia Cold Storage app can be downloaded from GitHub, and works on an “air gap” principle. This ensures that all users’ data is well protected.
But it is recommended to download such a generator on a clean computer, which does not contain any malware or viruses. This way you can ensure maximum security of all data.
Sia Central Lite Wallet
This resource can be synchronized with full-fledged coin storage wallets. You can use it to create wallets:
- initial with 29 words;
- watch only;
- Ledger Nano S.
Questions – Answers
Is it possible to get Siacoin on Trust?
When you purchase coins on LetsExchange.io, you will need to provide the details in the recipient’s address. After that, the coins will be successfully credited to the Trust wallet.
Is Siacoin available in Ledger?
Ledger Nano S allows you to store this cryptocurrency without difficulty.
Is it profitable to invest in Siacoin?
Such cryptocurrency is widely in demand among users because it is stable and promising. So, yes, such investments are quite profitable.
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