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Hop Protocol wallet

The most secure hardware wallet for your Hop Protocol

Join the ranks of satisfied users securing their Hop Protocol with Tangem's top-notch cold storage solution.

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How to secure your Hop Protocol with Tangem?

When you buy or hold Hop Protocol in Tangem, it secures your private keys in many ways:

How to get a Hop Protocol Crypto Wallet?

Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.

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Firstly

Get the Tangem Wallet.

Take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.

Then

Sync Tangem Wallet with our App.

During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose Hop Protocol wallet with Tangem.

Privacy

No registration and KYC required to use the app. We don't track your data.

Security

Your private keys are encrypted and never leave your device. Only you have control over your funds.

Convenient designs

Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.

24/7 Customer care

Fast support for your needs. Live chat and email support for customers from all over the globe.

What is Hop Protocol (HOP)?

Hop Protocol serves as a trustless bridge aiming to interconnect the Ethereum ecosystem with other networks, focusing on enhancing both scalability and accessibility. Made its debut during the DeFi summer as a response to the surge in Ethereum gas prices, which nudged users towards more centralized solutions.

What is a Hop Protocol wallet?

A Hop Protocol wallet is responsible for keeping secure private keys that manage your Hop Protocol address. While the wallet doesn't store the actual Hop tokens, it plays a crucial role in generating and safeguarding private keys, thereby managing your interactions with Hop Protocol accounts. Essentially, the wallet is a tool to store, send, receive, and oversee Hop Protocol assets.

How does a Hop Protocol wallet work?

Hop Protocol wallets harness the power of public and private key pairs to facilitate blockchain account management. The private key, a gateway to accessing a specific Hop Protocol account, should be kept secure, whereas the public key is shareable to receive Hop tokens. Access to private keys is imperative for fund withdrawals. Tangem Wallet, for instance, expertly generates and houses private keys within its chip.

What are the types of Hop Protocol wallets?

  • Exchange Hop Protocol Wallets:
    Platforms like Coinbase, Binance, and Kraken allow users to purchase Hop tokens with traditional currency using custodial wallets, though they carry risks such as restricted access if services are disrupted.

  • Software Hop Protocol Wallets:
    These are wallets you install on your devices which manage private keys and Hop tokens. They offer convenience yet can be targets for malware or cyberattacks. This category includes mobile, desktop, and browser types.

  • Mobile Hop Protocol Wallets:
    Apps specifically crafted for handling Hop tokens on the go, right from smartphones.

  • Desktop Hop Protocol Wallets:
    Installed on computers, these wallets store private keys securely on hard drives or SSDs.

  • Hardware Hop Protocol Wallets:
    Offline storage options, such as Tangem, keep private keys safe from online vulnerabilities.

How to Choose the Best Hop Protocol Wallet

Selecting the ideal wallet hinges on individual preferences, with importance placed on ease of use, dependability, durability, and security. When safeguarding large assets and fending off online threats, opting for a hardware wallet like Tangem is highly recommended.

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Hop Protocol FAQ

  • You can buy Hop Protocol on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
  • For long-term storage of Hop Protocol, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
  • Transfer fees for Hop Protocol depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
  • To create a wallet for Hop Protocol, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
  • Hop has been built with maximal security in mind. There are no single point of failures or trusted off-chain actors. Instead the security is 100% rooted on-chain. Hop compresses origin messages (i.e transfers) into Bundles and uses the native message bridges to transfer these Bundles between chains.
  • Moving funds from one wallet to anotherare called hops. So, the transaction monitoring system follows these funds and tries to identify some things, including funds hopping from one wallet to another, being split into numerous other funds, the processes being stretched throughout a couple of days, and many others.
  • HOPR isan Ethereum token that powers the HOPR protocol, a multifaceted project developing technology for digital privacy, layer-zero data transfer, and decentralized governance. The HOPR token has three main functions: pay, stake, and vote.

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