The emergence of digital wallet services has offered a sense of relief to crypto investors. They are secure & fast and can make your trading experience smooth. One such safe wallet service is Golem Wallet. While many crypto investors are well aware of it, others may have never heard of the term. For them, we have come up with a detailed Golem Wallet guide.
Through this guide, we will discuss and deliver the best possible information on the Golem network, wallet, and what you can do on the platform.
In addition to these, we will also explore the best Golem wallets in which you can safely store your GLM tokens. So, let’s start with a quick introduction to the network.
What Is Golem?
Golem (GNT) is an innovative project which lets you lend your computing resources to others. In return, you’ll be compensated with ERC-20-compliant GLM (formerly known as GNT), the native token of the Golem network.
Conversely, you can purchase computing powers from the network for GLM tokens. The services of the Golem network include buying and rendering computing powers, business, computer graphics, cryptography, learning machine, science and microservices.
GNT, the native token of the network, is considered among the first blockchain projects to raise money from crowdfunding.
What Is Golem Wallet And How Does It Work?
Golem wallet is a digital crypto wallet that can be used to store, transfer or receive GNT tokens. As GNT is the only utility token of the network, the coin has grown in popularity in no time.
Additionally, as an ERC-20 token, there are many wallets available you can use to store the token. Before participating in this exciting computational marketplace, you’ll first need a Golem wallet.
There is no specific wallet on the network, meaning you can use any available digital wallet to store your tokens. But bear in mind the wallet should have rich features that appeal to both professional and beginner investors.
A reliable and safe Golem wallet will enhance your experience of crypto investing like never before. You can view your portfolio, buy or sell coins instantly, or send and receive GLM and other currencies on your network.
Is Golem Wallet Safe Or Scam?
Golem Wallet is a safe and trusted wallet service, not having even a single complaint regarding it being a scam. As a decentralized platform, the network is exempted from abiding the regulatory compliance, so there is no point in finding whether it’s regulated or not.
However, before deciding on a particular Golem wallet, conduct deep research about its safety and security and don’t forget to consider its existing customers’ reviews.
Why Do You Need A Golem Wallet?
You’ll need a Golem wallet in order to receive, purchase and store GNT coins. So, choosing a feature-rich, easy-to-use, and highly secure cryptocurrency wallet is important. You can use your Golem wallet on a mobile device while traveling to buy, trade, view, send, or receive GNT anytime.
With Golem wallet, you can browse historical data on the cryptocurrency you might be interested in, trade, send, or receive GNT with your network.
Here’s why you need a Golem wallet:
Track Your Crypto Portfolio
Using an advanced and secured Golem wallet, you can track your GLM portfolio directly on your desktop or smartphone. With that, you can buy, sell or trade your crypto coins easily.
Transfer and Receive Golem (GNT) Tokens
With th help of the Golem wallet, you can easily transfer or receive the GNT tokens with just a few clicks. After installing the wallet app, you will get an automated wallet address using which you can make transactions.
Purchase Golem Cryptocurrency
Having a digital wallet will simplify your Golem Crypto purchases. Wherever you buy your cryptos from, you must have a crypto wallet to store them safely. Some wallets may offer options like paying in Fiat currency or trading one token for another.
Seamless Purchases
Most online Crypto wallet providers offer several convenient and safe payment methods to purchase Golem tokens. Popular payment methods include mobile payment apps, SEPA, major credit cards, and even bank transfers.
Holding Golem (GNT) Crypto Assets
A safe and advanced Golem wallet will hold or HODL your GLM coins until you use them for trading. You can keep your crypto assets safe with the help of a crypto wallet.
Work As A Fiat To GNT Gateway
A Golem Wallet will work as a trusted and easy-to-use Fiat to GNT gateway. With the help of a wallet, you can buy GNT tokens with fiat currencies like US dollars, pounds, or Euros.
What Are The Best Golem Wallets Available?
As an ERC-20 token, Golem Crypto is supported by several ethereum-backed crypto wallets. However, we have curated a list of the best 5 Golem wallets based on their security, usability, community backing and cost. Our list includes both Hot and Cold wallet options.
Ledger Nano S (Cold Wallet)
Hardware wallets like Ledger Nano S are the safest option to store your Crypto tokens like GLM. It’s a USB-connected hardware wallet that starts up only when it is plugged into a computer.
Coinomi (Hot Wallet For Web & Mobile Devices)
Coinomi is a leading and popular crypto storage system for people who want to store their crypto investments in a hot wallet. The wallet supports more than 500+ crypto assets, including Golem, Bitcoin and Ethereum.
Trust Wallet (Hot Wallet)
Trust Wallet is a web and mobile-based software wallet allowing you to safely store, receive, and send cryptocurrencies on the Ethereum blockchain. The application is free to download and available on the Google Play Store and Apple’s App Store.
Trust Wallet stores all major coins and almost all ERC-20, such as Golem (GLM), Ethereum Classic and Ether (ETH).
Atomic Wallet (For Mobile and Desktop)
Atomic Wallet works as a two-in-one services provider, offering both wallet and transparent cryptocurrency trading. Users can use the wallet services without any need to sign up or complete KYC/AML processes.
Jaxx Wallet (For Mobile and Desktop)
Jaxx wallet is a multi-platform, multi-currency wallet founded by Ethereum’s co-founder Anthony Di Iorio. The wallet is secure and free to download for Android, iOS, Mac OS X, Windows, Linux, and Google Chrome (browser extension) users. It currently supports 85 cryptocurrencies.
How To Get A Golem Wallet?
As mentioned above, there are plenty of Golem wallets available. Just choose any from the list mentioned above and follow these general steps to get a safe and reliable Golem Wallet (Hot Wallet).
- Download your preferred wallet from the App Store or Play Store.
- Now, open your Golem wallet app and tap on the ‘Allow’ icons.
- After that, tap on ‘CREATE NEW WALLET’ and click CONTINUE.
- Now, add your preferred fiat currency and set up a strong security pin.
- Wait for a few seconds to complete the wallet creation process and start receiving and sending Golem cryptocurrency.
How Do I Get a Golem (GNT) Wallet Address?
To get your unique Golem (GNT) wallet address, follow the steps below. These general steps are the same for most hot/software wallets.
- Sign in to your wallet account using the Golem wallet login credentials.
- Now, tap on your profile available on the dashboard.
- You will see a QR code and wallet address written below it. Copy the address to send or receive GNT tokens.
About Golem Network
Golem network is an ethereum-based decentralized ecosystem for buying, selling and lending computing resources.
In simple words, it is an open-source network that works as a global network of computing resources for users looking to buy or sell computing powers.
As a decentralized supercomputing station, the network rewards its users for lending their computing powers with its native GNT token or GLM token.
What Is GNT Token?
Golem Network Token, popular as GNT, is an ERC-20 token based on the Ethereum blockchain. It is a utility token used within the Golem network and is widely used in P2P transactions.
However, in the end of 2020, the network replaced its former GNT token with a GLM token. The migration of old tokens to new ones is currently underway. The platform allows users to migrate their GNT to GLM at a 1:1 ratio.
Golem Coin Price Prediction 2022-2030
Looking at the current market conditions, the GLM token seems to have a good and profitable future ahead. Let’s have a look at the Golem Coin price prediction for the coming years.
GLM Price Prediction 2022
The end of the year 2022 will see GLM prices increase by 16.40 % to reach $0.3066.
GLM Price Prediction 2023
The bullish trend of the year indicated the prices of GLM tokens achieved an All-time High of $0.338272.
GLM Price Prediction 2024
The GLM token price for the year 2024 will increase by 28% to reach $0.436710.
GLM Price Prediction 2025
The GLM token price in 2025 will reach near $1. The experts believe it to reach $ 0.996281 or above.
GLM Price Prediction 2030
According to experts’ predictions, the GLM token price will reach $1.55670 by the end of 2030.
Conclusion
After going through this detailed Golem wallet guide, we hope you gained a good understanding of the topic. The Golem network and its wallet services seem to be worth considering.
However, it may not be meant for investors looking for quick and good profits. The rewards are pretty low and are in GNT tokens only.
So, for people looking for good returns in a short time, forex trading always has their back. It is less volatile and is available 24*7. And the best part is you can have access to a free demo account. Open your free trading account with InvestFW today and start getting better returns than cryptocurrencies.
FAQs
Is Golem (cryptocurrency) a worthwhile investment?
Yes, considering the Golem’s current price and experts’ Golem price prediction, the token is expected to reach $1 by the end of 2030, making it a worthwhile investment.
How can I buy Golem cryptocurrency?
You can buy the Golem crypto in many ways, with the first one remain buying it from its network. Additionally, crypto exchanges like Binance and Pancakeswap also offer to buy Golem crypto.
Where do you store Golems?
Golems can be stored securely with a crypto exchange, hot or cold wallets like Ledger nano and atomic wallet.
Is Golem A Good Investment?
Yes, Golem is a good investment token as long-term predictions show the token to be increased by three times its current price in the next 5 years.
What Blockchain is Golem?
As an ERC-20 token, Golem is based on the Ethereum blockchain. The token is available for purchase on all major decentralized crypto exchanges.
Does Ledger Support Golem?
Yes, the Ledger Nano wallet supports Golem crypto. It’s a USB-connected hardware wallet that starts up only when it is plugged into a computer.
Is Golem An ERC20 Token?
Yes, Golem is an ERC-20 token based on the Ethereum blockchain. It is a utility token used within the Golem network and is widely used in P2P transactions.
Can You Buy Golem On Binance?
Yes, Golem is available on Binance. Alternatively, it can be purchased through decentralized crypto exchanges like Pancakeswap and Uniswap.
Why Golem Is Increasing?
The popularity and the ease of buying, selling and lending computing resources are some of the factors behind the ever-increasing prices of the Golem Cryptocurrency.
What Is Golem Cryptocurrency?
Golem Crypto is an ERC-20 token based on the Ethereum blockchain. It is a utility token used within the Golem network and is widely used in P2P transactions.
Can You Send GNT To GLM Wallet?
Yes, you can migrate your GNT tokens to the GLM wallet. The migration is underway on the network.
How Can I Buy GNT?
You can purchase GNT tokens through decentralized crypto exchanges like Pancakeswap and Uniswap.
How Do I Buy GLM?
As with GNT, you can purchase GNT tokens through decentralized crypto exchanges like Pancakeswap and Uniswap.
Where Can I Trade GLM?
You can trade GLM crypto on a number of crypto exchanges, including Coinbase, Binance, or InvestFW.
What Is Moonbeam Crypto?
Moonbeam is a Polkadot-based Crypto token offering features like on-chain governance, staking, and cross-chain integrations. The current moonbeam crypto price is $0.473854.
Is Golem On Coinbase?
Yes, Golem can be purchased on Coinbase. Alternatively, it can be purchased through decentralized crypto exchanges like Pancakeswap and Uniswap.
How Do I Claim GLM?
You can get GLM tokens for lending or selling computer resources on the Golem network.
What Is The Best Golem Wallet?
Trust Wallet is the best Golem wallet, allowing you to safely store, receive, and send cryptocurrencies on the Ethereum blockchain. The application is free to download and is available on the Google Play Store as well as Apple’s App Store.
Which Is The Safest Golem Crypto Wallet?
Hardware Golem Coin Wallet, like Ledger Nano S, is the safest option to store your Crypto tokens like GLM. It’s a USB-connected hardware wallet that starts up only when it is plugged into a computer.
What Kind Of Wallet Is Trust Wallet?
Trust Wallet is a software or hot wallet that can be accessed through private keys. It is termed the safest hot wallet option available right now.
What Are The Types Of Wallets In Blockchain?
There are basically two types of blockchain wallets: software wallets and hardware wallets. Software wallets include online wallet services that can be accessed through the internet, while hardware wallets refer to physical devices such as pen drives.
Which Wallet Is Best For Staking?
According to the users’ reviews and ratings, ZenGo is the Most Secure Web3 Wallet for Crypto Staking.
Is Trust Wallet A Good Crypto Wallet?
Yes, Trustwallet is a good crypto wallet and its popularity can be gauged by the fact that it is currently being used by millions of crypto investors.
What Are The Best Crypto Wallets For Staking?
Some of the best Crypto wallets for staking include ZenGo, Midas, Kraken, and Crypto.com.
Is Atomic Wallet A Good Wallet?
Yes, Atomic Wallet is a good wallet as it works as a two-in-one services provider, offering both wallet and transparent cryptocurrency trading. Users can use the wallet services without any need to sign up or complete KYC/AML processes.
Is There A Paper Wallet Generator That Supports Multiple Cryptocurrencies? (E.G., Ripple, Dash, Monero, Siacoin, Golem, Factom, Maidsafe)
Yes, Wallet Generator can help you generate a paper wallet that will support all major cryptocurrencies.
What Is The Best Online Wallet For Golem (GNT)?
Coinomi is a leading and popular crypto storage system for people who want to store their crypto investments in a hot wallet. The wallet supports more than 500+ crypto assets, including Golem, Bitcoin and Ethereum.
What Is The Best Online Hardware Wallet To Store Golem?
Hardware wallets like Ledger Nano S are the best option to store your Crypto tokens like GLM. It’s a USB-connected hardware wallet that starts up only when it is plugged into a computer.
I Have An Account In Koinex.In. How Can I Buy Golem (GNT) Using Ether Or Bitcoin Wallet?
The first step is to connect your Bitcoin or Ether wallet to the Koinex. Now search for the GLM ticker, enter the quantity, and make a purchase from your Bitcoin wallet.
I Want To Store Eth, Btc, Neo, Monero And Golem. Is There Any Way To Store Them All Securely Together? Are Software Wallets Safe For The Long Term?
Yes, software wallets are safe for long-term use. However, you should choose wisely. Ask fellow investors about the reliability of the wallet services you are choosing.
How Do I Store Cryptocurrency For Siacoins And Golem?
You can store your Siacoins and Golem tokens either in a hot wallet or a cold wallet.
What Do You Think Of Golem, Stratis, Iota, Ripple, Nem And Bitshares?
These above-mentioned crypto tokens have a profitable future based on their current market performance. These altcoins will appreciate in value in the coming years. So, they are good investment options right now.
Will Trezor, Keep Key, Or Ledger Nano S Store These Altcoins, Siacoin, Maidsafe, Golem, Ardor, Etc?
Yes, Trezor and Ledger nano can store any type of altcoins, including Siacoin, Maidsafe, Golem, Ardor, and Golem.
Is It Safe To Buy From Coindelta, Or Koinex, For A Long-Term Investment (Indian)?
Currently, there is no such safe platform available for long-term crypto exchange as both Koinex and Coindelta have shut down their services.
Are There Any Multi-Cryptocurrency Wallets Available In India?
WazirX, Zebpay, and Unocoin are some of the best and most popular multi-cryptocurrency wallets available in India right now.
Where Can I Purchase Altcoins Such As Golem, Ripple, And Monero In Singapore?
You can buy Golem, Ripple and Monero through decentralized crypto exchanges like Uniswap, Pancakeswap, Coinbase and Binance.
How Can I Buy Golem Coins?
You can purchase GNT tokens through decentralized crypto exchanges like Pancakeswap and Uniswap.
How Do I Buy Golem, Ripple, And Smaller Crypto Currencies In Australia?
You can buy Golem ad other cryptocurrencies through decentralized crypto exchanges serving in Australia. These include Uniswap, Pancakeswap, Coinbase and Binance.
What Is The Best Strategy To Invest In Blockchain Technology?
There are various ways to invest in blockchain technology; you can buy the stocks of companies that offer cryptocurrency-related services, or you can opt for Crypto ETFs, which is regarded as the safest way to invest in Blockchain.
