SORA Synthetic USD wallet
The most secure hardware wallet for your SORA Synthetic USD
Keep your SORA Synthetic USD secure with Tangem, trusted by thousands of satisfied users around the globe.
How to secure your SORA Synthetic USD with Tangem?
When you buy or hold SORA Synthetic USD in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a SORA Synthetic USD 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.
Get TangemWhy choose SORA Synthetic USD 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 SORA Synthetic USD (XSTUSD)?
SORA Synthetic USD, abbreviated as XSTUSD, is an algorithmic stablecoin developed within the SORA network. Designed as a synthetic asset, it maintains its stability by being collateralized with a variable amount of XOR, SORA's native currency. The key goal of XSTUSD is to uphold a stable value by keeping its price aligned with a specific index, such as a fiat currency.
What is a SORA Synthetic USD wallet?
A SORA Synthetic USD wallet stores the private keys necessary for managing your XSTUSD address. The coin itself remains on the blockchain, but the wallet's role is to generate and safeguard these private keys, enabling you to manage and access your XSTUSD. Essentially, a SORA Synthetic USD wallet is a tool for storing, sending, receiving, and administering your XSTUSD holdings.
How does a SORA Synthetic USD wallet work?
The functionality of SORA Synthetic USD wallets revolves around the use of public and private key pairs to administer blockchain accounts. The critical private key, which must be kept secure, grants access to a particular XSTUSD account, while the public key can be openly shared to receive funds. To spend your XSTUSD, the private key is essential. Tangem Wallet, for instance, is capable of generating and securely storing these private keys within its integrated chip.
What are the types of SORA Synthetic USD wallets?
Exchange SORA Synthetic USD Wallets:
Platforms like Coinbase, Binance, and Kraken offer the option to trade XSTUSD using custodial wallets, facilitating purchases with traditional currency. However, this method poses risks, such as potential revocation of access to your account.Software SORA Synthetic USD Wallets:
These are applications installed on personal devices to manage private keys and XSTUSD. While they offer user-friendly access, they remain vulnerable to malware and cyber threats and can come in mobile, desktop, or browser versions.Mobile SORA Synthetic USD Wallets:
These smartphone apps allow users to monitor and manage their XSTUSD conveniently.Desktop SORA Synthetic USD Wallets:
By installing software on a computer, the wallet holds private keys on your hard drive or SSD, providing a secure method of access.Hardware SORA Synthetic USD Wallets:
Offline storage solutions, like Tangem Wallets, assist in safeguarding your XSTUSD against online risks.
How to Choose the Best SORA Synthetic USD Wallet
Selecting the optimal wallet is contingent on personal preferences, emphasizing factors like usability, trustworthiness, robustness, and security. Especially for secure long-term storage of substantial amounts, a hardware wallet like Tangem proves advantageous to guard against online vulnerabilities.
SORA Synthetic USD XSTUSD
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See all supported cryptosSORA Synthetic USD FAQ
- You can buy SORA Synthetic USD 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 SORA Synthetic USD, 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 SORA Synthetic USD 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 SORA Synthetic USD, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
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