Tag: Best bitcoin wallets

Bitcoin Gold Core Wallet Review: What Sets This Wallet Apart?

Post author By Edith M.
Post date 23 October, 2020
No Comments on Bitcoin Gold Core Wallet Review: What Sets This Wallet Apart?

The Bitcoin Gold Core Wallet is a wallet that stores Bitcoin Gold coins. Bitcoin Gold –like Bitcoin Cash- is a fork of the original Bitcoin currency. It aims to fix one of Bitcoin’s flaws; the increasing centralization of Bitcoin’s mining industry. The original creators of Bitcoin wanted anyone to be able to mine with their personal computer and earn some extra cash from their spare computing cycles.

As Bitcoin’s value grew, however, miners adopted extremely efficient (and expensive) custom-built application-specific integrated circuit (ASCI) mining rigs. This made Bitcoin mining a highly specialized industry since consumer PCs could not (and still can’t) compete with these custom rigs. Bitcoin Gold solves this while, at the same time, builds on Bitcoin’s tried and tested systems.

Bitcoin Gold Core Wallet Key Features

Bitcoin Gold adopts most of Bitcoins’ underlying infrastructure. However, it utilizes the Equihash proof of work algorithm, which cannot be sped up by custom hardware. This eliminates the disproportionate advantage that such rigs confer to their owners. It also utilizes a per-block difficulty adjustment algorithm, replay protection, and the Bitcoin Gold core wallet, which is built on the Bitcoin core.

ASCI Resistant

On average, every ten minutes, a computer on the Bitcoin blockchain network adds a block to the end of the blockchain and gets a crypto reward for that. Miners compete for the privilege of getting to add a block, primarily because of that reward. They do this by racing to solve a mathematical problem. Because Bitcoin uses an SHA-256 hash-based algorithm, the most computing power entity stands the highest chance of adding a block to the chain.

Bitcoin Gold, however, uses the Equihash memory intensive algorithm. For this reason, it is much harder – if not impossible – to game the system by having powerful rigs at your disposal. This bodes well for Bitcoin Gold Core wallet users since to use the wallet, you need to download the whole Bitcoin ledger onto your computer, which allows you to mine with your spare cycles if you want to.

Full Bitcoin Node

As mentioned above, you cannot use the Bitcoin Gold core wallet as a standalone wallet. You need to download the full node during the initial setup process. Despite weighing in at hundreds of gigabytes, having the full node on your computer offers a number of advantages.

Firstly, you do not require having your transactions validated by a third party; you can verify them yourself.

Additionally, since the node relays and validates your transactions on the Bitcoin network, you can choose the priority you want your transactions to be given, and by extension, the fees charged for each transaction. Further, you can validate and verify other people’s transactions, earning some extra coin.

Hot Wallet

The Bitcoin Gold Core Wallet requires an internet connection. This means your funds are easily transferrable. The name ‘wallet’ is, to some degree, misleading since the Gold Core wallet doesn’t store funds in the same way a physical wallet does. In contrast, it allows you to change the records stored on the blockchain ledger- a copy of which you’ll need to have on your computer, as explained above.

Security and Privacy Features

Purely by being based on blockchain technology, the Gold Core wallet is a very secure crypto storage option for Bitcoin Gold currency holders. Its creators didn’t stop there, however. They’ve built upon the Bitcoin network, leveraging its strengths and security features. Additionally, the Bitcoin Gold Core wallet is based on the Bitcoin Core wallet, making it one of the safest wallets available.

Compatible with Tor

As you well know, the Bitcoin blockchain is a publicly available ledger. Anyone can keep a copy of it if they wish and analyze it for their various ends. This makes it very difficult to introduce falsified transactions since all the other computers in the network will cross-check and reject it. The disadvantage of this, however, is that anyone can trace your identity if they are determined.

The Tor network is an encrypted web communication protocol that ensures the privacy and anonymity of its users. It does this by leveraging a series of nodes (read servers) that mask your IP address and any inadvertently revealed personal data. The Bitcoin Gold core wallet leverages the Tor network, routing all your transactions and traffic through its transport layer, effectively hiding your original IP address.

Hierarchically Deterministic

Since Bitcoin Gold is derived from Bitcoin, it inherits the Hierarchical deterministic nature of the Bitcoin core wallet. This means that after you use your receiving address, a new one is generated for you. These addresses are your public keys, as you share them publicly with anyone who you’d like to send you money. As all these keys are governed by a single key pair, called the extended public key (xpub), previous addresses remain completely usable.

To access the funds from each of your public addresses, you need to use its corresponding private key. These private keys are also governed by a single key pair, called the extended private key (xpriv). The xpriv is effectively the one key that rules all the others, while the xpub is the one key that brings together your addresses and binds them to your wallet.

Open Source

Much like the Bitcoin core wallet, the Bitcoin Gold core wallet is open source. Anyone can audit, make suggestions, and contribute to its codebase. This means that security loopholes are caught and fixed faster than on proprietary software since more people are on the lookout for bugs. Additionally, all processes are transparent since changes have to be publicly declared and vetted before they are committed to the wallet’s main branch.

How to Set Up and Activate the Bitcoin Gold Core Wallet

Before setting up and opening a Bitcoin Gold core wallet account, you should consider a few things.

Available Disk Space

As has already been established, you cannot run the Gold core wallet as a standalone wallet application. You need to download the full Bitcoin node, which at the time of this writing, is around 200GB. However, you cannot only have 200 gigabytes of storage available since this node grows in size as the number of transactions increases.

The application files will also occupy some space, so it’s probably best to have a few terabytes of spare storage. Additionally, you should set aside a few USB sticks or hard drives to backup your wallet. It is recommended that you regularly back up your wallet on at least two external drives. Do this before upgrading your wallet and after a series of transactions.

Device Security

Due to the sensitive nature of the data this software will store on your computer, you need to ensure that your computer is completely free from malware. Install anti-virus/ anti-malware software and run a full scan. Fix any problems the software identifies before installing the Gold core wallet.

Additionally, make sure you scan all the USB sticks you use to back up the wallet and take care not to install software from shady sites, as some of this software may have masked its malware well enough to escape the anti-virus radar.

Regularly (and promptly) install software and operating system updates, as they usually include security patches.

Internet Connection

During the initial set-up, you will need to download the full bitcoin node. This will require you to have a very reliable internet connection, one that’s fairly fast and that doesn’t impose strict limits. After the initial download, you will then need to maintain a good internet connection since your node needs to communicate with other nodes on the network as transactions happen.

After appropriately set up your device, you can then follow the steps outlined below to open and activate a Bitcoin Gold core wallet account.

Download the Bitcoin Gold Core Wallet

You can get the Gold core wallet from the official Bitcoin Gold website. The software is available for Windows (64 and 32 bit, Vista and later), Mac OS (v10.1 or higher), Linux (64 and 32 bit), and ARM Linux (64 and 32 bit). Installation instructions might vary depending on your platform, but the process should be fairly straightforward.

Start the Software

Launch the wallet. This will begin the node download. Your internet and PC speed will influence the amount of time this process takes, but you’ll likely need to be a little patient as this huge-volume data transfer takes time. You won’t have to repeat this, however, as it’s a one-time download.

Set Your Password

Once the node has been fully downloaded, go to the wallet settings, hit ‘encrypt wallet,’ and set your password.

Backup Your Wallet and Private key(s)

After logging in to your account, go to the file section and hit ‘backup wallet.’ Select the destination (this could be a USB drive, external hard drive, a mobile phone, or a CD) where you want the backup to be saved. It is recommended that you backup your wallet on more than one drive. To back up your private keys, go to the help section, hit ‘debug window’ then ‘console.’ Copy the key and store it well.

Congratulations, your wallet is now ready to use.

Bitcoin Gold Core Wallet Customer Support

This wallet is open-source, so you can raise issues and even fix them yourself if you’re skilled enough. However, for non-techies, the customer service can be contacted through the Bitcoin Gold website or via their various social media channels.

Verdict

The Bitcoin Gold core wallet is a secure solution for Bitcoin Gold holders. It is especially suited for those who’d like to mine and earn some extra crypto, and for those who have enough space and bandwidth to run a full bitcoin node.

Tags Best bitcoin wallets, Best cryptocurrency wallets, Best full-stack crypto wallets, Bitcoin Gold, Bitcoin Gold wallet, Bitcoin wallet, Crypto, cryptocurrencies, Education, Wallet

Cryptocurrencies

GreenAddress Wallet Review: Is This The Safest Bitcoin wallet app?

Post author By Edith M.
Post date 6 October, 2020
No Comments on GreenAddress Wallet Review: Is This The Safest Bitcoin wallet app?

GreenAddress wallet is a bitcoin-only wallet created in 2013 by Lawrence Nahun and Jerzy Kozera. It is run by GreenWallet – a technology company registered in Malta – but was in 2016 acquired by Blockstream. On the GreenAddress website, the company is described as a safe wallet that gives you control of your wallet. It also adds that GreenAddress adopts a multi-faceted approach to keeping crypto coins safe and ease of use doesn’t let you “choose between security and convenience” or “compromise your privacy.”

It has integrated numerous security and operational features, geared towards making GreenAddress the safest and most intuitive bitcoin wallet. But what are these features, and how have they impacted the wallet’s safety and convenience?

We detail the GreenAddress key features here, vet its ease of use, list its pros and cons, and compare it with other Bitcoin-only wallets before telling you if it really is the safest Bitcoin wallet.

GreenAddress key features:

Cross-platform: Though it started with Android and iOS mobile apps, the GreenAddress wallet recently launched a Google Web extension for the wallet.

Address book: The GreenAddress wallet also features an address book for saving wallet addresses for individual and exchange wallets you interact with regularly. It goes a long way in helping you avoid the often-costly errors of getting the wrong wallet address.

Instant confirmation: When sending or even receiving cryptos in and out of your GreenAdress wallet, you will have the option to turn on the Instant Confirmation feature that notifies you immediately a transaction is confirmed, effectively eliminating the possibility of double payment.

Hardware wallet support: You also have the option of integrating the GreenAddress hot wallet with a hardware wallet. This not only boosts the wallet’s security but also increases the number of coins you can interact with.

GreenAddress security features

Password + PIN: When setting up the wallet and creating a user account, you will be required to set a passphrase and a PIN code. The passphrase gives you access to the private access and doubles up as the encryption tool while the PIN code opens the wallet’s watch-only mode.

Two-factor authentication: There are three verification methods supported by the GreenAddress wallet’s two-factor-authentication functionality. You can choose to authorize transactions via an SMS alert, email notification, or a robocall.

Hierarchically deterministic: The process of generating wallet addresses for new transactions is hierarchically deterministic. And this comes in handy when you want to throw off trackers and ensure that the parties you interact with don’t get to view your past and future crypto transactions.

Open source: The wallet address is also open-sourced and open to vetting and auditing by both wallet users and the rest of the crypto community. This privacy guarantee ensures that the wallet is free of bugs, security loopholes, and malicious codes.

Non-custodial: The GreenAddress website claims that the wallet will “Never store your private keys, not even (when they are) encrypted.” They are encrypted and stored within your mobile or computer device, giving you total control.

Watch-only mode: When using public wi-fi or suspicious internet connection, you can access the wallet in a watch-only mode that allows you to view balances and accept transfers in. When using the watch-only mode, you don’t have access to the private keys and any sensitive wallet information, you cannot send coins, and you cannot alter the app settings.

How to set and activate the GreenAddress wallet (web wallet)

Step 1: Open the official GreenAddress wallet website (https://greenaddress.it/en/) and click on the ‘Create Your Wallet’ icon on the upper right corner of the homepage

Step 2: A warning will pop up asking if you want to continue with the registration via the web site or you wish to download the GreenAddress wallet app

Step 3: If you chose ‘Continue Using Webpage’ you will receive the mnemonic backup phrase that forms the recovery seed

Step 4: Write them down on a piece of paper and save them offline. Acknowledge that you have noted them down and press continue

Step 5: Verify that you have accurately written them down and in the right order by filling in the missing words.

Step 6: Activate the two-factor authentication and verify your identity by linking the web wallet with your Google authenticator, adding your email address, or phone number.

Step 7: Enter the verification code you receive on your chosen 2FA method

Step 8: Set the wallet PIN (between 5 and 15) numbers

Step 9: Tap on the “PIN set, ready for step 3” to complete the process

Step 10: The wallet is now active and ready for use

How to add/receive Crypto into your GreenAddress wallet

Step 1: Log in to your GreenAddress wallet and click the “Receive” tab on the user dashboard.

Step 2: If you have multiple wallet addresses, chose the one you want to use

Step 3: Copy the wallet address and forward it to the person sending you Bitcoins.

Step 4: Wait for the coins to reflect.

How to send Crypto from your GreenAddress wallet

Step 1: Log in to your wallet and click “Send” on the user dashboard

Step 2: If you have multiple wallet addresses, choose the one you would like to use

Step 3: Enter the recipient’s address and the number of Bitcoins you wish to send on the transfer window.

Step 4: Review the transaction details and hit send.

GreenAddress wallet ease of use

GreenAddress is a highly intuitive and customizable Wallet. You can easily customize most aspects of the wallet, including themes, set your preferred exchange rate, and change the privacy and notification settings. It also allows you to change the denomination of your wallet’s base currency from Bitcoin to mBTC, uBTC, or Bits. You can also choose between the 12 language settings, determine the daily/weekly/monthly transaction limits, add more user accounts or wallet addresses, and even incorporate advanced wallet security settings.

GreenAddress wallet supported currencies and countries.

GreenAddress will only support Bitcoin cryptocurrency.

GreenAddress wallet cost and fees

GreenAddress is a free wallet. It is free to create a user account and store coins here. You will only have to pay the Bitcoin network fee charged when you send coins to another wallet or exchange.

What are the pros and cons of using the GreenAddress wallet?

Pros:

There is no limit to the number of wallet addresses or Bitcoins you can hold in your GreenAddress
Allows you to incorporate advanced security settings
The wallet is relatively easy to use
It can be easily integrated with hardware wallets
It gives you absolute control over your private keys

Cons:

GreenAddress is a Bitcoin-only Crypto wallet
GreenAddress does not give wallet users a choice in choosing the multi-signature partner
One may consider the signup process to be laborious and the wallet not beginner-friendly

Comparing GreenAddress wallet with other Bitcoin-only wallets

GreenAddress wallet vs. Blockchain Core

GreenAddress and Bitcoin Core are both Bitcoin-only wallets. But while GreenAddress is a mobile/web crypto vault, the Bitcoin Core is a full-stack desktop client wallet. Additionally, while both wallets are hierarchically deterministic, the GreenAddress wallet generates a new address for new transactions automatically while address-generation for Bitcoin Core is manual.

Although Bitcoin Core may be considered safer as it integrates more effective security measures, GreenAddress carries the day for convenience. It only takes up limited storage space and even more intuitive.

Verdict: Is the GreenAddress Wallet safe?

Well, we consider the security measures GreenAdress wallet has put in place adequate for individuals looking for short-term storage for their coins or active traders. However, we find fault with their multi-signature functionality that does not present users with any other choice of a signee other than GreenAddress itself. Further, GreenAddress is a hot wallet and thus susceptible to the inherent threats associated with online wallets.

Tags Best bitcoin wallets, Best mobile crypto app, Best mobile wallets, Crypto, Education, GreenAddress, GreenAddress crypto wallet

Cryptocurrencies

DropBit wallet Review: Is Dropbit A Legit Bitcoin Wallet Or A Crypto Scam?

Post author By Edith M.
Post date 4 October, 2020
No Comments on DropBit wallet Review: Is Dropbit A Legit Bitcoin Wallet Or A Crypto Scam?

DropBit wallet is a highly innovative Bitcoin wallet app developed by Coinninja Technology Company and introduced to the crypto community in 2018. According to its developers, the mobile wallet is specially designed to make it as user-friendly as possible without alienating experienced crypto traders/investors. But even more importantly, it was designed with convenience in mind. It is the first crypto wallet app to make it possible for you to send crypto to mobile phone numbers and twitter handles.

This convenience extends to the speed with which Bitcoin transactions are confirmed and the security measures around the wallet and your private keys.

But how effective are all the operational and security measures put in place by the Bitcoin app? Is the DropBit app as legit and functional as it claims, or is it just another crypto scam?

We answer these questions by detailing its features and everything else you need to know before creating a user account with the wallet in this review.

DropBit Wallet key features

Mobile-only wallet: DropBit is a mobile-only wallet. It is only accessible via mobile phones. You can download this crypto vault app on the official Coinninja website, Google Play Store, or Apple app store.

Integrates Lightning network: Though the wallet was initially designed to facilitate Bitcoin blockchain transactions, it recently integrated the Lighting network that champions ultra-fast crypto transfers. However, note that you will have to create an account on the lighting network and fund it if you wish to enjoy instantaneous bitcoin transfers. Plus, the account for the Lightning network, unlike the Dropbit user account, is custodial.

Integrates the phone’s address book: Dropbit doesn’t just make sending cryptocurrencies as easy as sending an SMS or posting on twitter. It also makes it possible to send cryptos to mobile numbers and twitter handles. The recipient doesn’t even need to have a crypto wallet. Since the wallet can be integrated with your phone contacts and twitter portfolio, you only have to select their phone number or twitter handle. Dropbit will send them a message asking them to download the app to receive the coins. If they download and install the wallet within 24 hours, you will get a notification asking you to complete the transfer.

Fee-free transactions: You only have to pay transaction fees for the outbound crypto transfers that were verified and confirmed on the Bitcoin blockchain. The transactions conducted on the ultra-fast lightning network are free.

Tracks your crypto portfolio: The Dropbit wallet dashboard features the balance and history tabs. The balance tab lets you monitor your crypto balances for all the wallet addresses hosted on Dropbit in real-time while the history tab outlines your crypto inflows and outflows for a given period. Both play a key role in helping you make sound financial decisions.

Dropbit Wallet security features

Password + encryption: The DropBit wallet app is secured by a multi-character password that not only helps you secure the app but also helps serve as an encryption tool.

Recovery seed: Dropbit will also provide you with a wallet backup and recovery option. When creating a user account, the wallet provides you with 12 random phrases (the recovery seed) that you can use to restore the wallet and private keys on another mobile device.

Hierarchically deterministic: Dropbit is privacy-conscious. For every new transaction initiated on the platform, Dropbit auto-generates a hierarchically deterministic wallet address, making it impossible for other individuals to track your wallet address and view your past crypto transactions.

Open source: DropBit wallet is also built on an open-sourced technology. Anyone, including its users and blockchain experts, can view and scan the wallet for malicious codes or security loopholes.

Non-custodial: Ideally, DropBit doesn’t store any of your personal information – private keys included – in its servers.

User anonymity: Even though DropBit wallet makes it possible for you to integrate your phone contacts and twitter profile, it doesn’t record or store any of the information contained here on its servers. It also allows for anonymous user registration and anonymous trading.

How to set and activate the DropBit wallet

Step 1: Start by downloading the Dropbit wallet app on the Coinninja website or your phone’s play/app store.

Step 2: Install and launch the app.

Step 3: Since you are using Dropbit for the first time, click on the “Create New Wallet” tab

Step 4: Create a password for the wallet

Step 5: Dropbit Wallet will then provide you with the mnemonic phrase, write it down on a piece of paper and save it offline

Step 6: The wallet is now active and ready to use

How to add/receive crypto into your DropBit wallet

Step 1: Log in to the Dropbit wallet and click on the “receive” icon.

Step 2: On the deposit window displaying your public address and QR code, copy either, and send it to the individual sending you coins.

Step 3: Wait for the Bitcoins to reflect on your Dropbit wallet.

How to send crypto from your DropBit wallet

Step 1: Log in to the Dropbit wallet and tap on the “send” icon

Step 2: On the transfer window, choose to either send to a contact address, a twitter handle or simply key in the recipient’s wallet address

Step 3: Enter the number of coins you wish to send

Step 4: Check the accuracy of these transaction details and hit send

DropBit wallet ease of use

Dropbit is an easy-to-use bitcoin-only wallet. It has eliminated all the complexities surrounding the process of installing a crypto wallet. It has also made sending cryptos to your phone contacts and social media acquaintances quite easy.

It also features a clean and easily navigable user interface that appeals to the newbie crypto traders and experienced investors.

DropBit wallet supported currencies.

Dropbit is a Bitcoin-only crypto wallet that will only host Bitcoins on the wallet.

DropBit wallet cost and fees

DropBit is a free wallet to the extent that downloading the crypto vault, creating a user account, and storing coins therein is fee-free. Network fees that are collected by the Bitcoin blockchain miners, however, apply when you send Bitcoins to another wallet or exchange.

What are the pros and cons of using the DropBit wallet?

Pros:

Dropbit wallet maintains an easy to use and beginner-friendly interface
It integrates the lightening network that provides ultra-fast crypto transfers
Dropbit promotes user privacy as it is non-custodial and its servers don’t access your private information
It introduces a unique method of sending and receiving crypto via SMS and Twitter

Cons:

Its anonymous trading feature is limited as you will need to verify your phone number if you want to send crypto via SMS and twitter
Dropbit is dogged by numerous unsolved customer complaints on their Google Play Store page
It has a sluggish and unresponsive customer support team

Comparing DropBit wallet with other Bitcoin-only wallets

DropBit wallet vs. Bitcoin Core

Dropbit and Bitcoin Core are similar in that they are both Bitcoin-only crypto wallets. They also share a common commitment to privacy and transparency. That is, they both are non-custodial wallets. They are also open-sourced, allowing for regular vetting and auditing by both the wallet users and blockchain experts.

But while Dropbit is a mobile-only wallet app, Bitcoin Core is a full-stack desktop client that synchronizes the wallet activities with the blockchain network in real-time. One may also consider Bitcoin Core safer and less controversial. Dropbit wallet app nevertheless carries the day when it comes to the ease of use and user-friendliness.

Verdict: Is DropBit wallet safe?

Dropbit wallet app has placed several premium safety and privacy measures, including hierarchically deterministic wallets, anonymous registration and trading, non-custodial wallets, password encryption, and recovery seed. The effectiveness of these security and privacy measures has, however, been dwarfed by the constant controversies surrounding the wallet.

First is the mountain of unanswered user complaints about the app’s ineffectiveness, missing cryptocurrencies, and a non-existent customer support team. Just recently, Dropbit founder and CEO – Larry Harmon – was arrested and charged with using the Bitcoin wallet for money laundering. These incidences have significantly injured Dropbit’s reputation and put a dent on its reliability. On Google Play Store, for instance, the app has a 2.6-star rating.

Tags Best bitcoin wallets, Coinninja wallet, Crypto, DropBit, DropBit crypto wallet, Education

Cryptocurrencies

BitPie Wallet Review: How Safe Is This Multi-Blockchain Wallet?

Post author By Edith M.
Post date 7 September, 2020
No Comments on BitPie Wallet Review: How Safe Is This Multi-Blockchain Wallet?

On the official Bitpie website, the crypto wallet app is described as an “industry-leading multi-blockchain wallet” devoted to client funds’ safety. Launched in 2015 by Bither – a blockchain technology company – Bitpie markets itself as an easy to use, highly secure, and inclusive crypto platform.

And in an attempt to live up to these claims, BitPie has embraced a host of security and operational features in the past few years. These include open-sourcing the wallet technology, supporting the widest range of blockchains, integrating a hardware wallet, and establishing a highly intuitive interface.

But have these measures been effective in guaranteeing the crypto wallet’s safety and ease of use? We answer this question and tell you everything you need to know about the BitPie crypto wallet app in this review.

BitPie key features:

Mobile wallet: BitPie is a mobile-only crypto wallet app available for Android and iOS smartphones.

Multi blockchain wallet: BitPie wallet describes itself as the most inclusive crypto vault, adding that it supports the most diverse types of blockchain mainnets in the world. It supports the Ethereum blockchain, Bitcoin blockchain, and its folks, EOS blockchain, and EOS based tokens, as well as all stable currencies.

Built-in exchange: You don’t have to leave the mobile crypto app to buy or exchange cryptocurrencies and tokens. BitPie wallet features an in-built exchange where you can buy and exchange cryptos at highly competitive rates.

Dapp Browser integrated: BitPie wallet app also features a DAPP page that hosts a DAPPs browser and crypto market news section. Here, you have access to real-time market news and all the popular DAPPs in virtually any niche. More importantly, the DAPP page provides you with tools necessary for creating your custom DAPP or crypto token.

Integrates hardware wallets: BitPie developers have also come up with the world’s first wearable hardware wallet referred to as BitHD. It is a wristwatch-like hardware wallet that stores your private keys offline, and you can easily pair to your BitPie mobile wallet app via Bluetooth.

Security and privacy features:

Password: BitPie, like most other app-based crypto wallets, has a multi-character password as its primary defense against unauthorized access.

Military-grade encryption: In addition to limiting the amount of personal data that BitPie can collect about its clients, the wallet is also highly encrypted. The encryption covers all the personal data held in a BitPie wallet, passwords, and private keys.

Non-custodial: BitPie crypto wallet app doesn’t store your cryptocoins on the company servers. Rather, these are highly encrypted and saved on your mobile phone – giving you absolute control over their use. And you can boost this privacy further by linking the BitPie crypto app with the BitPie hardware wallet.

Anti-fraud system: To curb crypto-related frauds and safeguard your private keys, BitPie subjects all its members to such anti-fraud procedures as KYC and AML in line with the set governmental regulations.

Recovery seed: When creating a user account on your BitPie mobile wallet app, you will be presented with a recovery seed. These random phrases come in handy when recovering lost private keys or restoring your wallet on a new smartphone.

How to set up and activate the BitPie Wallet

Step 1: Download the BitPie crypto mobile app from Google Play Store, Apple App Store, or the official BitPie website

Step 2: Install the wallet, and upon launch, click on ‘Create new wallet.’

Step 3: Complete the registration process by entering your email and creating a password

Step 4: Follow the prompts to complete the verification process

Step 5: The wallet will provide you with a set of words that form the recovery seed. Write it down and keep it safe offline.

Step 6: Your account is now active and ready to use

How to add/receive coins to BitPie Wallet

Step 1: Log in to your BitPie crypto wallet account app, and on the user dashboard, select ‘Receive.’

Step 2: This reveals your wallet’s public address and QR code

Step 3: Copy either of these and forward it to the party sending you cash

Step 4: Wait for the cryptos to reflect on your account

How to send crypto from BitPie Wallet

Step 1: Log in to your BitPie crypto wallet app, and on your user dashboard, select ‘Send.’

Step 2: If you are holding multiple cryptocurrencies, click on the cryptocoin you wish to send

Step 3: On the popup tab, enter the recipient’s wallet address and the number of coins you wish to send

Step 3: Confirm the accuracy of these transaction details and hit send

BitPie Wallet ease of use

BitPie crypto wallet has a straightforward onboarding process. The app is highly intuitive with easy and straightforward processes for sending and receiving cryptocurrencies. All these play a crucial role in making BitPie one of the most beginner-friendly crypto wallet apps. However, keep in mind that BitPie subjects all its platform users to AML and KYC verification procedures.

BitPie Wallet supported currencies and countries

BitPie mobile app is a multicurrency wallet implying that it supports a wide range of cryptocurrencies, including bitcoin and its folk currencies like Litecoin and Bitcoin Cash, Ethereum and its Ethereum Classic fork as well as all the ERC20 tokens. It also supports EOS altcoin, all the EOS-blockchain-based tokens, and all popular stable coins.

The wallet is also available in 100+ countries across the globe.

BitPie Wallet cost and fees

Downloading and installing the BitPie crypto wallet app is free. Similarly, you won’t be charged for storing your coins here.

However, you will be charged a network fee every time you initiate an outbound transaction to other crypto wallets or exchanges. The fees are nevertheless highly dynamic and let you decide how much you wish to pay for every transaction. Ideally, high transaction fees will always translate to faster transaction processing, while low fees lead to sluggish transaction processing speeds.

BitPie Wallet Customer support

BitPie crypto wallet also has a highly responsive customer support team. Most of the wallet information, including the setup process and common challenges facing BitPie users, is addressed on the website’s announcement section.

Both the BitPie website and crypto wallet app are multi-lingual and available in Mandarin, Japanese, and English.

You can also contact the team directly via email or direct message them via their official social media pages on Facebook, Telegram, Twitter, Reddit, and Weibo.

What are the pros and cons of using BitPie Wallet

Pros:

BitPie crypto wallet app is highly intuitive and beginner-friendly
The wallet is feature-rich supports a host of premium service, including an inbuilt exchange
Through the integrated DAPP browser, you have access to the most popular DAPPs and tools to create your own crypto tokens
BitPie has also embraced highly effective security measures that include military-grade encryption and an anti-fraud system
The reduce-by-fee transaction pricing model lets you determine the fee and processing speeds for each transaction

Cons:

The wallet uses a lot of phone storage and consumes a lot of internet data
It is a hot wallet and, therefore, exposed to inherent threats affecting hot wallets
Experienced crypto traders may consider BitPie wallet features too basic

Comparing BitPie Wallet to other multicurrency crypto wallets

BitPie Wallet vs. eToro

BitPie and eToro are both multi-blockchain wallets and support different types of blockchain networks. They are also highly intuitive, beginner-friendly, relatively secure, maintain highly responsive customer support, and host inbuilt crypto exchanges.

However, unlike eToro that will only support less than 20 cryptocurrencies, BitPie supports hundreds of cryptocurrencies, tokens, and stable coins. Additionally, while eToro stores private keys in their servers on behalf of clients, BitPie gives you absolute control over your digital assets.

Verdict: Is BitPie Wallet safe?

Well, BitPie has put in place several effective security measures aimed at safeguarding the integrity of your private keys. These include securing your account with a password, encrypting data stored therein, storing your passwords within the mobile device, and providing you with a recovery seed. We must, however, observe that the wallet ignores critical security features like the 2FA. These, plus its relatively low fees and annexed features like an inbuilt exchange, make it suitable for active traders and smallholder crypto investors.

Tags Best bitcoin wallets, Best crypto wallet app, BitPie mobile wallet app, BitPie wallet app, Crypto, Crypto wallet, Education, Wallet

Cryptocurrencies

Bread Wallet Review: How Safe Is This Crypto Wallet App?

Post author By Edith M.
Post date 31 August, 2020
No Comments on Bread Wallet Review: How Safe Is This Crypto Wallet App?

Bread Wallet started as a Bitcoin-only crypto wallet built on the iOS platform. Also known as BRD, Bread wallet was established and launched to the market by BREAD, a Switzerland-based technology company, in 2015. According to their website, the app is focused on privacy, the security of the private keys, and simplicity. In the past few years, the Bread wallet has been subjected to several upgrades that, among other things, ensured it increased the number of supported currencies and introduced the BRD android app.

This review will determine if the Bread wallet app is indeed the safest or the most intuitive crypto wallet app. And we hope to achieve this by highlighting its critical operational and security features, ease of use, and customer support level before comparing it with equally popular crypto wallets.

Key features:

Light mobile wallet: BRD is a lightweight mobile wallet that does not require you to download a full node blockchain into your phone.

SPV functionality: Bread Wallet also leverages the Simplified Payment Verification (SPV) technology to guarantee your Bitcoin transactions’ speedy yet safe execution. And it achieves this by establishing direct communication channels with the Blockchain.

Supports credit card purchases: While Bread Wallet doesn’t have an inbuilt exchange, it has made it possible for you to purchase the supported cryptocurrencies using a credit card. Recent updates to the wallet have also introduced several ways that you can use to buy crypto. These include purchases via bank transfers, in-person purchases at a Bitcoin ATM, and even crypto-dispensing convenience stores.

Multi-blockchain platform: At the time of launching the Bread wallet, it could only support the Bitcoin blockchain. However, several upgrades to the wallet have seen the wallet integrate more cryptocurrencies and their respective blockchain networks.

Security and privacy features:

Password and biometric support: Bread Wallet app embraces a multi-layered security structure. When installing the app, you are requested to set a 6-digit passcode to secure your wallet. You can also add such biometric security features as the Touch and Face ID that you can use to further secure your wallet.

Open source: The bread crypto wallet app is built on an open-sourced technology. This implies that anyone can view and audit its source code for the presence of malicious codes or security loopholes – making BRD one of the most transparent wallet apps available today.

Hierarchical deterministic: The wallet is also hierarchically deterministic, which goes a long way in guaranteeing the privacy of your transactions. For every transaction you initiate, the wallet will automatically generate a new public address, effectively masking your real wallet address and making it hard to track your crypto spending.

Non-custodial: BRD wallet app stores your private keys within your mobile device and not on the company servers – giving you absolute control over your digital assets.

Supports anonymous trading: One of the BRD Wallet’s key features is its commitment to privacy and support for anonymous trading. When installing the wallet and creating a user account, BRD does not ask for any name, email address, phone number, or personal information. It also doesn’t keep logs of your crypto transactions on their company servers.

Highly encrypted: The data stored within the BRD wallet, especially your passwords, private keys, and transaction history, is also highly encrypted.

How to set up and activate the Bread Wallet

Step 1: On your phone’s Google play store or Apple AppStore, search for and download Bread Wallet

Step 2: Install the app, and upon launching, click on ‘Create New Wallet.’

Step 3: Create a unique 6-digit passcode for the wallet

Step 4: The app will now provide you with 12 random words that form your recovery seed. Write them down and store them safely offline.

Step 5: Your wallet is active and ready to use

How to add/receive coins to Bread Wallet

Step 1: Log in to your wallet and on the user dashboard, click on the ‘Buy’ tab

Step 2: Choose the coin you wish to buy and your preferred payment method

Step 3: Fund your account, and the app will automatically convert the Fiat deposit into a digital asset.

Alternatively:

Step 1: Log in to your wallet and click the ‘Receive’ tab on the wallet dashboard

Step 2: The wallet will present you with a wallet address and QR Code. Copy either and forward it to the party sending you cryptos

Step 3: Wait for the funds to reflect on your wallet.

Note: In some countries, the Wallet app integrates a map that highlights the different Bitcoin ATMs available

How to send crypto from Bread Wallet

Step 1: Log in to your BRD wallet app and on the user dashboard, click on the ‘Send’ tab

Step 2: If you have multiple cryptos stored here, select the crypto you would like to send

Step 3: Enter the recipient’s wallet address or scan their QR code and then enter the number of coins you would like to send

Step 4: Confirm the accuracy of these transaction details, hit send, and enter your wallet password to authorize the transfer.

Bread Wallet ease of use

Bread Wallet has one of the easiest and straightforward onboarding processes. You only need to download the wallet and create a passcode to activate it. Unlike most other crypto wallet apps, BRD does not request for your personal information.

The processes of adding and sending cryptos in/out of the wallet are also easy. For instance, you have the option of funding your wallet app by depositing coins from other wallets/exchanges or making a purchase via your credit card.

These, plus the wallet’s highly intuitive user interface, make BRD a beginner-friendly crypto wallet app.

Bread Wallet supported currencies and countries

Bread started as a Bitcoin-only crypto wallet. However, in the past few years, it has expanded its range of supported cryptos to include Bitcoin Cash, Ethereum, Bread Coin, Stable coins like USDT and DAI, and all ERC-20 tokens.

Accepted Fiat currencies that you can use to but crypto in the app are USD, EUR, GBP, GBO, DKK, and CAD.

Bread Wallet cost and fees

You won’t be charged for downloading and installing or storing your digital assets in the BRD wallet app. You will, however, be charged a small blockchain network fee every time you wish to send cryptos to another wallet or exchange.

Bread Wallet Customer support

Bread Wallet has a readily available and one of the most responsive customer support teams. It starts with an elaborate FAQ section that addresses all the challenges faced by most BRD Wallet users.

Within the app is the live chat features that you can use to engage the BRD support and development team. You can also engage this team on the BRD social media channels on Telegram, Twitter, Reddit, and even Facebook.

Note that BRD Wallet’s rewards scheme also works closely with the support team where you get to unlock support perks depending on the number of BRD Tokens you hold. For instance, you can contact the support team via email or phone if you hold more than 2500 BRD tokens.

What are the pros and cons of using Bread Wallet

Pros:

The wallet supports anonymous crypto trading
It has embraced several security features aimed at limiting unauthorized access to your wallet
It is highly intuitive and beginner-friendly
Speeds up transaction processing by connecting directly to the respective blockchains

Cons:

It is an online wallet and, therefore, exposed to the inherent risks associated with hot wallets
One may consider the mobile crypto app to be too basic
It is an unregulated wallet

Comparing Bread Wallet to other multicurrency crypto wallets

Bread Wallet vs. eToro

Bread Wallet and eToro are both multicurrency crypto wallets. They also feature on the list of few wallets that support the purchase of cryptocurrencies using credit cards and bank transfers. More importantly, they have both embraced a multi-layered security approach towards securing the wallets.

But while eToro supports 10+ cryptocurrencies, BRD will only support Bitcoin and Ethereum blockchain-based cryptos. And while BRD may be considered more intuitive and easier to use, eToro carries the day when it comes to the number of integrated operational features – such as the eToro crypto exchange.

Verdict: Is Bread Wallet safe?

Well, the crypto wallet app has put in place several security measures that are aimed at keeping your private keys safe and your crypto transactions anonymous. Key among these is the inclusion of Biometric security features like Fingerprint and Face ID, user data encryption, and the wallet’s open-sourced nature. More importantly, the wallet does not, at any point, ask for information personally identifiable to you or keep logs of your crypto transactions.

Tags Best bitcoin wallets, Best crypto mobile apps, Best crypto wallet app, BRD crypto wallet, Bread wallet app, Crypto, cryptocurrencies, cryptocurrency wallets, Education, wallets

Cryptocurrencies

Opendime Hardware Wallet Review 2020: Is This The Safest Bitcoin Hardware Wallet Yet?

Post author By Edith M.
Post date 25 August, 2020
No Comments on Opendime Hardware Wallet Review 2020: Is This The Safest Bitcoin Hardware Wallet Yet?

On their website, Opendime is referred to as the “World’s First Bitcoin Credit stick wallet.” The highly innovative and minimalistic USB stick allows users to load Bitcoins onto the wallet and physically pass them to other users multiple times. It deviates from the traditional security protocols used by both software and hardware wallets.

For instance, it does not need to be secured with a PIN, and neither does its contents need to be encrypted. And unlike most other crypto hardware wallets, Opendime doesn’t have a screen or transaction confirmation buttons. Rather, you have to connect it to your computer to check crypto balances.

In this review, we want to determine if the Opendime hardware wallet is indeed the most secure Bitcoin vault yet. And to answer this, we explore different aspects of the wallet, including its ease of use, set up process, pros, and cons, and also compare it with other hardware wallets.

But first, we look at how Opndime works.

How Opendime hardware wallet works

Like most other hardware wallets, Opendime is a USB-like device that’s specially designed to store Bitcoins. Every time you order Opendime, you will receive a set of three single-use wallets. Single-use here implies that you can only draw coins from the wallet once. After receiving the wallet, you can add as many bitcoins for as long as possible. But to access these coins, you need to break the special seal on the device.

Opendime key features:

Highly versatile wallet: Opendime is a highly versatile and easy to use hardware wallet. It is compatible with a computer, laptop, or even a phone. Simply plug it into either of these devices to initiate the setup process, check balances, or withdraw the bitcoins stored therein.

Free to use: When using the standard hardware or software wallet, you are often required to send bitcoins over the blockchain network. The process isn’t just time-consuming, but you also have to pay network fees for the online transaction. When using Opendime, you can copy coins from one wallet and transfer them to another, physically, without incurring the Bitcoin network fees. You also don’t have to wait for hours on end to have your transactions processed.

Bitcoin-specific: This implies that unlike most other hardware wallets like Trezor or Ledger Nano S that host thousands of cryptocurrencies and tokens, Opendime can only support Bitcoins.

Opendime security features:

Keys are generated by the device: Your Opendime wallet will automatically generate the private and public wallet keys as well as your address QR code. These unique wallet identifiers are created as soon as you plug your device into a computer and are highly randomized to eliminate duplicity.

No access to private keys: After the private wallet address is generated, it is stored within the device. Not even the wallet owner can view the private address without having to break the wallet’s seal.

Tamper proof: According to Opendime creators, Coinkike.inc, it is impossible to tamper or duplicate these hardware wallets. They argue that the wallet is designed using proprietary technology, where each chip contains a unique factory key that is impossible to peel or replace.

How to set up the Opendime bitcoin wallet

Step 1: After receiving the three Opendime wallets, connect the one you wish to use immediately to a computer. Red and green lights will flash on the device.

Step 2: On your preferred browser search for Index.htm. You will receive a notification stating that the ‘wallet has never been used.’

Step 3: Agree to the Opendime wallet manufacturer’s terms and conditions to start the wallet activation process.

Step 4: On your computer, open the index file associated with the hardware wallet (found under /Volumes/OPENDIME) and upload a photo or any file of at least 256kb.

Step 5: Once the wallet detects the file, the flashing light will turn green

Step 6: Now reload the Index.htm page on your browser to generate and reveal your wallet’s public address

Step 7: The new Opendime wallet page will reveal the ‘Check Balance,’ ‘Verify,’ and ‘Your Bitcoin Receiving Address’ tabs.

How to add/receive Bitcoins to the Opendime hardware wallet

Step 1: Plug in the Opendime wallet into a computer and open the index.htm page on a browser.

Step 2: Click on the ‘Your Bitcoin Receiving Address’ tab to reveal your wallet addresses.

Step 3: Copy the address and send it to the individual sending you Bitcoins.

Step 4: Wait for the coins to reflect on your Opendime wallet.

How to send funds from Opendime wallet

Step 1: Plugin Opendime wallet into your computer and open Index.htm page.

Step 2: Break the wallets seal after which the private wallet address will display on the browser page

Step 3: Click on the ‘Send to any Address’ icon to initiate the transfer.

Step 4: Key in the recipient’s wallet address and hit send

Opendime wallet ease of use

Opendime has a straightforward setup process. Plugin the wallet device into a computer/laptop/phone and initiate the wallet activation process by opening the Index.htm URL page on your browser. This gives you access to the device’s public wallet address.

Both the wallet and its website are also multi-lingual, supporting over seven international languages.

Opendime cost and fees

Opendime wallets are available in a pack of three and are currently sold for $49.94 (approximately $17 per wallet).

Given that Opendime is not a transactional wallet, you will not have to worry about the transaction fees. The wallet’s portability also means that you can bypass the bitcoin blockchain fees altogether by moving the physical keys on the wallet as opposed to sending them over the network.

What are the pros and cons of using Opendime bitcoin hardware wallet?

Pros:

It may be considered tamper-proof as you have to break the seal to access the private keys.
The hardware wallet gives you absolute control over your Bitcoins as they are stored in the physical device.
There is no limit to the number of Bitcoins you can hold on the Opendime wallet.
It is cheaper than all other hardware wallets available today.
It allows for wholly anonymous Bitcoin transactions where you can move a huge number of Bitcoins without leaving a digital footprint.
You can move an unlimited number of Bitcoins from one wallet to another for free.
Opendime has a straightforward onboarding process.

Cons:

One may consider it expensive, especially since it is not reusable.
It is not foolproof as it can be stolen or lost.
Unlike more sturdy hardware wallets like Cobo Vault that are indestructible, Opendime is highly fragile.
It only supports one digital currency – Bitcoin.
One may consider it expensive, especially when you consider that the wallet isn’t reusable.
There are no PIN or passwords to protect your funds and no recovery seed.

Comparing Opendime to other hardware wallets

Opendime vs. Ledger Nano S

The only similarity between Opendime and Ledger Nano S is the fact that they are both crypto hardware wallets that support Bitcoin. Other than that, they adopt highly diverse security approaches to keeping your private keys they hold safe.

While Opendime only has one layer of protection over a client’s private keys, Ledger Nano S embraces a multi-layered security approach. Opendime keeps the coins safe by hiding the private keys from everyone, including the owner, while Ledger Nano S encrypts these keys before burying them under a password and recovery seed.

Verdict: Is it the safest hardware wallet yet?

Opendime hardware wallet is tamper-proof, it stores your private keys offline, and doesn’t reveal your private wallet address. These make it one of the most secure physical bitcoin vaults. There nonetheless, are several drawbacks to using the crypto wallet. For instance, it is not password-protected, and it does not have a backup or recovery option. Therefore, should the wallet be lost, misplaced, or destroyed, you have no way of recovering your digital assets.

Tags Best bitcoin wallets, Best hardware crypto wallet, Bitcoin vault, Crypto, cryptocurrencies, Education, Opendime bitcoin wallet, Opendime hardware wallet

Crypto Exchanges

Samourai Wallet Review 2020: Is This The Safest Bitcoin Software Wallet?

Post author By Edith M.
Post date 19 August, 2020
No Comments on Samourai Wallet Review 2020: Is This The Safest Bitcoin Software Wallet?

Samourai is a bitcoin-only crypto wallet app for android smartphones. It takes pride in incorporating the broadest range of security and privacy features on its mobile app. On their website, Samourai is described as a “modern wallet hand forged to keep your transactions private and identity masked.” It was created by privacy activists who describe it as the “Bitcoin wallet for the streets.” They also hail it as the wallet that “Bitcoin deserves.”

The wallet integrates more security and privacy features than the average Bitcoin storage app. But have these translated to making Samourai the safest Bitcoin wallet? Importantly, how have they impacted its effectiveness? In this Samourai review, we highlight and detail the wallet’s key operational, security, and privacy features before telling you if it really is the safest bitcoin wallet out there.

Samourai wallet key features:

Segwit support: Samourai was one of the earliest Bitcoin wallet apps to embrace the SegWit Bitcoin blockchain upgrade. The protocol upgrade has played a key role in pushing down the blockchain network transaction fees and speeding up transaction speeds.
SMS commands: You can also control the app remotely with SMS commands. Send SMS codes to the wallet to retrieve either the public address or wipe the data therein.
Android-based: Samourai wallet app is only available for smartphones that use the Android operating system. The app developers claim that Apple iOS doesn’t welcome most of the customizable privacy and anonymity features of the Samourai wallet.
Multi-account support: Samourai wallet will only host Bitcoins. Though it is not multi-sig, there is no limit to the number of user accounts you can create.
Bitcoin health monitoring: The Samourai wallet is regularly monitoring the blockchain network. It will alert you when transaction processing speeds are relatively low and inform you of the current miner fees.
Batch processing: You can aggregate multiple crypto transactions and send them out as one. This, plus the reduce-by-fee feature, play a key role in pushing down the bitcoin transaction fees.

Samourai wallet security features:

Passcode: A 5 to 8 digit passcode secures the mobile wallet app. To evade keyloggers and screen recording spy apps, its PIN screen is randomized during every login.
Open source: The Samourai wallet app technology is also open-sourced. Anyone can view and audit its transparency.
AES-256 encryption: Samourai wallet app uses the AES 256 encryption tool to encrypt all its data. This military-grade encryption applies to all data held within the app, especially your private keys and password. Interestingly, you can also encrypt your email communications with the Samourai customer support to avoid possible man-in-the-middle attacks.
Recovery seed: You will also be furnished with 12 random phrases when installing the wallet app. These form your wallet’s recovery seed and are needed to recover your private keys.
Tor and VPN support: You can also access your wallet app using an anonymous IP not tied to your location or phone. Similarly, you can also open the app while masking your IP Address with a VPN or Tor.
No address reuse: The Samourai bitcoin wallet app is hierarchically deterministic and will not use the same address twice. It auto-generates a new wallet address for each transaction. It also randomizes change outputs, making it impossible for crypto transaction trackers to link a crypto activity to your wallet.

How to set up a Samourai software wallet

Step 1: Search for the Samourai bitcoin wallet on your Google Play Store. Download and install the app. Alternatively, use the F-Droid repository to download the Samourai wallet APK if you don’t want Google to keep a record of the download.

Step 2: On launching the app, click on ‘Create Account,’

Step 3: You will be required to set up a 5 to 8 digit to secure the wallet.

Step 4: The app will provide you with the recovery seed. Write it down and keep it safe.

Step 5: The app installation process is now complete and you can now start using the Samourai wallet

How to add/receive bitcoins to your Samourai wallet

Step 1: Launch the wallet app and click on the ‘Receive’ tab

Step 2: Copy the wallet address and send it to the party sending you Bitcoins

Step 3: Wait for the Bitcoins to reflect on your app

How to send Bitcoin from your Samourai wallet

Step 1: Launch the wallet and click on the ‘Send’ tab

Step 2: Enter the recipient’s wallet address as well as the number of Bitcoins you want to send

Step 3: Chose the transaction fee level you would like to use in funding the transaction

Step 4: Confirm that the transaction details are correct and hit send

Samourai wallet ease of use

Setting up the Samourai Bitcoin wallet app is quick and straightforward. The wallet can also be considered simplistic and features a highly intuitive user interface. These make it easy to use for both expert and beginner bitcoin traders.

Supported cryptocurrencies

Samourai crypto wallet app is Bitcoin-specific and will only support the legacy cryptocurrency.

Samourai wallet cost and fees

Samourai Bitcoin wallet app is free to download. Further, you wouldn’t be charged to receive or store your bitcoins in the wallet.

Transfers out will, however, be subjected to both the bitcoin blockchain network fee that goes to miners and an additional transaction fee charged by Samourai. It, however, employs the reduce-by-fee protocol to help you customize the wallet transaction fees. This supports three fee levels: AUTO uses the smart fee detection algorithm to determine the best transaction charge. PRIORITY translates to higher fees for faster transaction processing while CUSTOM lets you set your own fee.

Some premium security and privacy features available on the platform are only available on a subscription basis. If you, for instance, wish to use the app’s Ricochet service, you will have to pay an additional $2.50. Similar privacy features like staggered delivery or opening a private payment channel will also attract additional charges.

Samourai wallet customer support

Samourai has an elaborate FAQ page that addresses all the most common challenges faced by the app users. It also features guides on how to use and interact with the Bitcoin-first wallet app.

More personalized support can, however, be sought via live chat on the Samourai website. You can also contact the Samourai wallet customer support team by messaging them on their different social media platforms, including Twitter, Reddit, and Telegram.

What are the pros and cons of the Samourai Wallet?

Pros:

The Bitcoin wallet app integrates a wide range of both standard and premium security and privacy features
Samourai supports anonymous user registration and can also be accessed via VPN or TOR
The app is free and supports a dynamic transaction fee processing that allows for the customization of the blockchain network fees
Setting up the wallet app is easy and it also features a friendly interface
It is now possible to initiate private or offline bitcoin transaction when using Samourai wallet
Samourai has a highly responsive customer support team

Cons:

The wallet app will only support the blockchain cryptocurrency
Samourai is a hot wallet app and therefore exposed to inherent risks associated with a mobile app
The app charges extra fees every time you use premium security and privacy features
The app doesn’t have an inbuilt exchange and neither does it integrate third-party exchanges

Verdict: Is Samourai the safest Bitcoin wallet app?

Well, the Samourai bitcoin wallet app has embraced more security and privacy features than most other crypto wallet apps. It, for instance, is one of the few crypto wallet apps that support offline transactions. The app will also help you establish private channels that you can use to send Bitcoins outside the trackable blockchain network.

It also lives true to bitcoins primary goal of anonymity by supporting anonymous wallet use and access via VPN and TOR. These make it one of the most secure and most private bitcoin wallet app. The only downside to using the Samourai wallet app is that it is a hot wallet.

Tags Best bitcoin wallets, Best crypto wallet app, Best cryptocurrency wallet, bitcoin, Crypto, Education, Samourai bitcoin wallet, Samourai Bitcoin wallet app

Cryptocurrencies

CoinPayments Crypto Wallet Review: Features, Safety, Pros and Cons?

Post author By Edith M.
Post date 11 August, 2020
No Comments on CoinPayments Crypto Wallet Review: Features, Safety, Pros and Cons?

CoinPayments claims to be the best wallet cum payment gateway for cryptocurrencies and has integrated a wide range of both operational and security features that back up this claim. Whether you are looking to pay for goods and services using crypto, want to invest in digital assets, or simply exchange one crypto for another, CoinPayments is designed to meet these needs. It supports numerous cryptocurrencies, including all the ERC20 tokens.

As a fully-fledged cryptocurrency payment platform, CoinPayments is more than a wallet. It provides POS features, crypto conversions, mobile applications, and other functionalities that support the efficient use of cryptocurrencies. Plus, the site offers secure payment processing and swift confirmations.

CoinPayments was launched back in 2013, becoming one of the earliest cryptoprocessors to support altcoins. It is also one of the largest altcoin platforms and supports over 1925 coins and tokens, including Bitcoin, Ethereum, and Litecoin. Note that, at the time of launch, all platforms only supported bitcoin. CoinPayments seized the opportunity to provide a secure processing platform that supports a broader collection of cryptocurrencies. It is one of the most reputable multi-currency wallets available for both PC and mobile users.

Key Features:

Multiplatform:

CoinPayments is available in the form of a desktop app and compatible with all popular operating systems like Linux, macOS, and Windows. The crypto wallet is also available as a mobile app for both Android and iOS devices. You can access your wallet any time, provided you have an internet connection.

Auto coin conversion:

CoinPayments offers auto conversions for some of their altcoins, where you can exchange one coin for another inexpensively and without leaving the site. This feature covers popular coins, including Bitcoin, Ethereum, and Litecoin.

Impressive POS:

CoinPayments wallet app has a feature-rich and highly intuitive design. All the crucial features are within reach and require little to no help to use. The platform is beginner-friendly, and so are mobile apps. There’s also an option to store your coins in CoinPayments secure online wallets.

GAP600 integrated for Swift conversions:

Most wallets rely on third-party software for swift crypto payment processing and swaps. These service providers aren’t always safe or reliable and come at a steep cost. CoinPayments, on the other hand, integrates GAP600 technology that provides for instant Bitcoin payments and deposits as well as real-time crypto transfer to exchanges or other wallets.

Inbuilt exchange:

Coinpayments wallet app inbuilt exchange makes it possible for you to purchase various cryptocurrencies without leaving the wallet. Users can also accept payments in cryptocurrency, making the platform a complete payment processor for both personal and business use.

PayByName:

You can also give the Coinpayments wallet app access to your phone book and activate the PayByName feature. This allows you to send crypto to your phonebook contacts without necessarily copying or importing their wallet address. The feature further boosts the efficiency of the Coinpayments app by eliminating the need to memorize the wallet address.

Security features:

i) Password: Like most crypto wallets and processors, CoinPayments requires users to create a unique password for their accounts during registration. The password has to be at least ten characters and distributed between numbers, letters, and special characters. You can copy and use the recommended password, which is usually very strong and secure, or create one you can easily remember.

ii) Crypto vaults: CoinPayments cryptocurrency vaults are the highlight of the platform’s security. Users can lock cryptos in these vaults for a specified period within which no withdrawals will be permitted. If someone tries to access the vaults before the due date, the system will flag and review the activity, but all your crypto will remain safely locked.

iii) Data encryption: CoinPayments is protected by SSL certificates, regular scanning, and advanced security algorithms that ensure all the information stored within the crypto app – including your personal details and private keys are highly encrypted.

iv) Instant transaction notifications: Users will receive notifications for all activity in their wallet, including deposits, withdrawals, exchanges, and other transactions via email. If the action is suspicious, you can reach the customer support team directly to investigate or cancel.

CoinPayments ease of use:

Coinpayments wallet isn’t just one of the oldest crypto wallets in the market but also has one of the most user-friendly user interfaces. Their web wallet has a simple, yet charming blue and white theme with all the important features neatly arranged within the wallet’s dashboard. It employs a classic menu bar with all the essential tools you will use regularly.

You can also scroll down to find resourceful information about the platform and its features. Both the desktop app and mobile apps are user-friendly and suitable for everyone, including newbies. They load fast and are light, effectively providing you with a swift payment processing experience.

Supported currencies and countries

CoinPayments is one of the most inclusive cryptocurrency wallets in the market, with support for 1925 altcoins, including Bitcoin and Bitcoin Cash, Ethereum Classic, Ether, Litecoin, POA Network Coins, Litecoin, and Ripple.

All the ERC20 token coins are also supported, and you can purchase different types of cryptos on this platform. CoinPayments currently has over 2.2 million users across 182 countries, making it one of the largest crypto wallets you will ever encounter.

CoinPayments cost and fees

If you plan to use CoinPayments for non-commercial applications, the platform is free. Simply sign up and proceed to swap cryptos for free. CoinPayments will prompt new users to create either a personal or business account.

If you create a business wallet, you will be subject to an incoming transaction fee of 0.5%, imposed on merchants using APIs and checkout systems. Users will also pay added fees imposed by network miners that offer transaction verification and confirmation when transferring cryptocurrencies out to exchanges and other wallets.

Customer support

CoinPayments customer support team can be accessed via several channels where you can seek solutions to common and technical issues regarding your account or transactions. If you are experiencing problems with your account, you can reach the support desk by training a support ticket on the company website.

Simply go to the Contact Us page and click on the support wizard link to create a unique code which you will then open in Fresh Desk. An online form is also available if you want to reach support via email. Alternatively, contact them via their different social media pages.

Setting up the CoinPayments crypto wallet

How to set the CoinPayments crypto wallet:

Step 1: Sign up or download the CoinPayments app

To use CoinPayments, you must create a user account. Simply click on the Sign-Up button on the top right of the site’s homepage to begin the registration process.

For mobile users, scroll to the bottom of the site and find respective links to the app in Google Play Store (Android) and App Store (iOS). Once downloaded, install the app and launch it. You can then access the Sign Up section for registration.

Step 2: Complete registration

On the registration window, you will be required to pick a personal or business account, input a username, first and second name, email address, password, country, and time zone. Make sure you provide accurate information and agree to the terms and conditions.

You will also be required to input a capture image text. Upon registration, a confirmation email will be sent, and you must verify ownership by clicking on the link in the email to start using the wallet.

Step 3: Process payments using CoinPayments

CoinPayments allows you to accept payments in cryptocurrency, purchase crypto, and process all kinds of crypto transactions once your account is verified. You can access your wallet using the PC website or mobile app as information is synced between the two. You can also purchase gift cards or integrate shopping cart plugins from popular vendors.

How to receive currencies with CoinPayments

Step 1: Log into your CoinPayments account. Navigate to Your Wallet on the dashboard and click on the respective cryptocurrency options in the command section. The process to this point is similar to sending payments.

Step 2: Click on Deposit/Receive to open a new window. You will be required to fill in your wallet address. Simply copy the address and paste it on the space provided. You can also accept cryptocurrency payments using the PayByName.

Step 3: Click on Deposit to add the crypto to your wallet. Deposits are processed within 1 to 2 hours. When other people send money to your wallet address, the amount is automatically added to your account.

How to send currencies with CoinPayments

Step 1: Log into your CoinPayments account. If you are a newly registered user, the dashboard will open to an account setup wizard. You can click on the wallet to send and receive payments or Merchant to receive payments for goods and services. However, it is important to finish configuring the merchant account if you plan to use CoinPayments as a payment method for your site.

Step 2: To send cryptocurrency, click on Your Wallet on the dashboard to open a window containing all your balances. Each currency is in a row, including the balance and command you wish to apply. Click on the respective crypto options button (like BTC Options for bitcoin) and select Send/Withdraw from the drop-down list.

Step 3: In the new window, input the amount you want to send and the recipient’s address. You can enter the amount in your preferred (supported) FIAT currency, and the system will automatically convert it to the crypto.

Step 4: Click on Request Withdrawal to send the crypto. CoinPayments will send you a confirmation email you must click on to confirm the withdrawal, so head to your email and finish the process.

CoinPayments supported currencies

CoinPayments has the largest support for altcoins and currently accepts Bitcoin, Ethereum, Litecoin, Velas, Apollo, and Badcoin. The platform supports up to 1925+ altcoins, and the number continues to grow as merchants are allowed to add new coins.

You will also find support for several FIAT currencies, including the Dollar, Euro, Pound, Franc, and Yuan. Currently, the wallet supports 60+ FIAT currencies, which is above any other wallet.

Pros and Cons of CoinPayments crypto wallet

Pros

Safe and secure cryptocurrency transactions
Supports all popular coins and FIAT currencies
Buy, Send, receive, sell, convert cryptocurrency
Provides swift confirmations and instant withdrawals
Simple beginner-friendly navigation

Cons

Charges fee of 0.5% on incoming merchant transactions
Long registration process
Support tickets are time-consuming to generate

How does CoinPayments compare with other wallets?

CoinPayments vs. Citowise

CoinPayments is in a league of its own when it comes to cryptocurrency processing. The site supports numerous coins and offers on-site conversions and POS features you can integrate into your eCommerce. Unlike Citowise, which is fundamentally a crypto wallet for mobile users, CoinPayments is a crypto payment solution that includes a wallet for both desktop and mobile users. It has a lot more features for merchants and sits among the top crypto processing systems available online.

CoinPayments vs eToro

eToro is more like Citowise and supports a few cryptos for users seeking to transact popular coins. However, it is nothing compared to CoinPayments, which provides a comprehensive payment processing solution and wallet. The only downside is merchants are charged a 0.5% fee on incoming transactions. eToro is free for both personal and business applications, although the app is only available for mobile users.

Final words

CoinPayments is one of the best cryptocurrency processing platforms you will encounter. The payment processor was the first to support coins other than Bitcoin and currently has the largest coin support online. You can transact with all the popular options or even add a new currency. Concerning platform features, CoinPayments allows you to own a personal or business wallet with various functionalities.

You can send crypto, deposit funds to your account, receive crypto payments, and use the auto conversion feature to convert currencies in the middle of a transaction instantly. CoinPayments is available for both PC and mobile users, distinguishing itself from other app wallets. It is also very secure, boasting a growing reputation among users.

Tags Best bitcoin wallets, best crypto wallets, Bitcoin wallet, Coinpayments crypto wallet, Crypto, Crypto vaults, cryptocurrencies, Education, ERC20 Tokens, wallets

Cryptocurrencies

BC Vault Hardware Wallet In-Depth Review: Is It The Most Secure Hardware Wallet Yet?

Post author By Edith M.
Post date 5 August, 2020
No Comments on BC Vault Hardware Wallet In-Depth Review: Is It The Most Secure Hardware Wallet Yet?

Designed by Real Security, a Slovenia-based firm, BC Vault (short for Bitcoin Vault) is a relatively new hardware wallet that provides you with a safe way to store your cryptocurrencies. It is one of the most unique and most innovative hardware wallets we have come across. It seeks to replace some of the most common aspects of a hardware wallet with more secure and highly innovative features.

For instance, instead of recovery seeds, the wallet presents its users with 4-layer security passwords. Similarly, instead of relying on the hierarchical deterministic protocol used in generating new secure wallet addresses, BC Vault adopts the non-deterministic security protocol.

In this BC Vault review, we will be exploring the different operational and security features that help BC Vault stand out of the crowd. We will look at its key features, security features, ease of use, customer support, compare it to other hardware/software wallets and everything else you need to know about the Bitcoin wallet.

We start with key operational features:

BC Vault key features

Large D-pad and display:

The hardware is specially designed with a 2.42-inch OLED that features a 128×64-pixel white-on-black display. The screen is large enough to fit all details of a crypto transaction, including the recipient’s addresses, fees, crypto amount, and the wallet name.

Supports 2000+ wallets:

BC Vault is the truest form of a multi-signature hardware wallet as it allows you to create 2000+ individual wallets. Additionally, the wallet makes it possible for you to create highly unique multi-character passwords for each of these wallets, making it possible to share the device between two or more persons.

Compatible with multiple operating systems:

Like most other hardware wallets, BC Vault has to be paired with a desktop app or browser extension. But unlike most other wallets that will only support a limited number of browsers or operating systems. BC Vault is highly versatile.

Multi-currency support:

According to the BC Vault website, the company currently supports up to 30 cryptocurrencies and tokens. These include all the popular cryptos like Bitcoin, Ethreum, Litecoin, Dogecoin, Ripple, Bitcoin Cash, Litecoin, Bitcoin Gold, Ethreum Classic, all ERC-20 tokens. And with every successive upgrade, the wallet developers promise to add even more coins and tokens.

Native ERC20 token and multi-crypto support

The hardware wallet enables the use of cryptocurrencies in multiple wallets all in a single app. It supports native storage of ERC-20 tokens and does not rely on websites or third-party applications. Users can comfortably manage BCH, LTC, BNB, DASH, and many more supported currencies.

BC Vault security features

Multiple passwords:

Unlike most other crypto hardware wallets that only have one password unlocking the application, device, and individual wallets, BC Vault is fortified with four passwords for both the wallet device and application. The Global Password is used to unlock the BC Vault application and is entered on the application. The Global PIN is, on the other hand, used to unlock the wallet device. The two give you access to both the app and the wallet device.

There’s also the Wallet password that’s used to unlock the wallet on the application. The wallet PIN, on the other hand, is used to unlock a wallet and initiate a transaction and is entered on the wallet device.

Note that the wallet password and pin can be different for each wallet, especially if it is a shared wallet. Plus, it isn’t mandatory that you set the wallet password and PIN if it isn’t shared (not recommended).

Two-factor authentication:

The BC Vault user has the option of activating the two-factor authentication that comes in handy when unlocking the wallet and accessing the wallet content. You can use any of the common two-factor authentication apps /tools like Google Authenticator.

Independently generated keys:

BC Vault uses a Random Number Generator (RNG) to create more than 2000 independent and non-deterministic crypto wallets. What’s more, each key is generated independently, which also means that keys are not mathematically linked.

Secure storage:

All its private keys are stored in specialized storage known as FRAM. They are 1000x faster and consume 250x less power. Apart from that, the hardware is designed with a security chip to prevent the exposure of users’ wallets to hackers or malicious malware.

High anonymity:

The fact that wallets on the hardware device are generated independently enhances its anonymity. Additionally, BC Vault does not have a serial number to ensure complete anonymity of its users’ wallets.

Secure encryption:

Also known as the bounty wallet, this hardware integrates quite a strong encryption. Private keys correspond to a specific public address in each BC Vault.

Industry-standard encryption:

In addition to the passwords, every aspect of the BC Vault hardware wallet is highly encrypted, especially the private keys, your personal data, and the wallet addresses.

SD Card and paper QR backup:

While most crypto hardware wallets available today have recovery seed that one can use to recover private keys if their device is compromised, BC Vault presents you with a 1GB SD Card. It is highly encrypted and provides you with more than enough room for backing up your private keys.

Guaranteed security:

BC Vault touts its wallet as being the most secure cryptocurrency hardware wallet. As a guarantee, the wallet developers have placed a 1BTC price for anyone who will be able to crack the wallet’s encryption.

Tamper proof:

The compact design of the wallet’s hardware ensures that the user will always know when their device has been opened up. Additionally, the software/firmware technology applied in proprietary and not open-sourced, which means a hacker would have to undertake the painstakingly long and tedious process of reverse-engineering the system if they were to carry out a successful hack.

How to set up and activate the BC Vault wallet

Step 1: Plug in the device to your laptop or desktop

For the device to be operational, you have to plug it to a desktop or computer. It has a long connectional cable, which means that you can use it while still connected to the laptop.

Step 2: Shake the device to generate a random number

To generate a wallet address, you are required to shake the device for about two minutes. This is a security safeguard and the non-deterministic form of generating wallet addresses.

Step 3: Download and install the app

After generating the wallet, open the BC Vault official website and download the BC Vault app and link it to your device and the newly-created address. The app is compatible with Windows, macOS, and Linux Operating systems.

Step 4: Set a Global password or PIN

After going through all the above steps, you will be required to set a unique 8-character global password or PIN before you can be allowed to use your BC Vault. It is a fundamental security feature that will be used every time you need to access your BC Vault or application.

Step 5: Create a wallet and transfer funds

Now that you have set your PIN, you need to create a wallet and transfer some crypto funds. You can deposit into your new wallet from another wallet, from an exchange, or by converting your fiat currency via such third party fiat-to-crypto conversion sites like Simplex or Changelly.

Step 6: Use your BC Vault

Now your BC Vault crypto hardware wallet is all set and ready for use.

How to add/receive into your BC vault hardware wallet

Step 1: Start by logging into your wallet device and application, and clicking on the ‘Add New Currency’ tab.

Step 2: Click on the wallet address for the crypto you wish to receive. If it is a new wallet, you will first need to create a new wallet address for the cryptos by simply clicking on ‘New Wallet’ and selecting the crypto you wish to add from the drop-down menu.

Step 3: Copy the wallet address and send it to the party from whom you wish to receive the cryptos or have them scan your address QR Code.

Step 4: Wait for the coins/tokens to reflect in your wallet.

Step 5: Back up your wallet using the SD Card as soon as you add these cryptos into the wallet. Keep in mind that the wallet does not have a cloud backup, and you, therefore, need to backup your wallet on to the SD card every time you load new crypto.

How to Send Funds with Your BC Hardware Wallet

Step 1: Start by launching the BC Vault app and connecting the hardware device

Step 2: Tap on the ‘Send’ icon and click on the cryptocurrency you wish to send.

Step 3: In the pop-up window that appears, key in the recipient’s wallet address and the amount of crypto you wish to send

Step 4: Confirm that the crypto amounts and the wallet address are safe and hit send.

BC Vault wallet costs and fees:

There are currently three models of the BC Vault hardware wallet. The Legendary BC Vault One costs $155, the limited edition of both BC Vault Quicksilver, and BC Vault Gunmetal vaults cost $260. They all have similar specifications safe for Quicksilver and Gunmetal wallets whose casings are made from brushed aluminum and aircraft-grade aluminum, respectively.

Storing your digital assets in the sturdy hardware wallet is free. But you will have to part with variable transaction fees every time you send cryptocurrencies to another wallet or exchange. The amounts charged will depend on the transaction volume and the type of crypto and will go to blockchain miners.

BC Vault wallet customer support:

BC Vault has one of the most elaborate FAQ pages. This section of their website addresses all of the most common challenges by the hardware wallet users. It features both quick-start guides and video tutorials on how to interact with the hardware device. For more personalized queries, however, you may contact the BC Vault hardware wallet developers via email: [email protected] or on their different social media pages.

What are the Pros and Cons of BC Vault Hardware Wallet

Pros:

It’s a true multi-signature wallet that supports 2000+ individual wallets with unique passwords.
The wallet integrates some of the most innovative security features that include four sets of passwords and an SD card backup.
BC Vault wallet has a straightforward activation process and elaborate FAQ Section that make it beginner-friendly
All aspects of the wallet are highly encrypted to guarantee maximum security.

Cons:

One may consider BC Vault’s acquisition cost of $155-$260 exorbitant.
One may question the transparency and security of the wallet, given that their technology isn’t open sourced.
Doesn’t have a mobile app and doesn’t support Bluetooth/wifi connectivity

How Does Bitcoin Hardware Wallet Compare with Other Wallets?

Unlike Ledger Nano S or Trezor, BC Vault utilizes an encrypted backup and a global password or PIN instead of an unencrypted BIP39/44 seed phrase in its security. Users can also back up their funds externally on a wallet data on an SD.

Further, they can also use an encrypted wallet data to print out a series of QR codes. The majority of their competitors use hierarchical deterministic wallets, which also means that addresses used can be traced back to the seed.

Verdict: Is Bitcoin Vault Worth Your Money?

Based on the security incorporated in these devices, there is no doubt Bitcoin Vault is worth every penny. The device is specially designed to provide users with a sophisticated method to store funds and other digital assets over a long period. Some of the factors that make BC Vault stand out are its adoption of highly unconventional operational and security features.

It, for instance, is the first hardware wallet to forego the recovery seed in favor of an SD card backup. There also aren’t many hardware or software wallets that have as much as four passwords. And while most multisig wallets support multiple wallets, only a few support individualized passwords for each wallet.

Tags BC Vault hardware wallet, Best bitcoin wallets, Best crypto hardware wallet, Best hardware wallet, Crypto, cryptocurrencies, Education

Cryptocurrencies

D’CENT Wallet In-Depth Review: Is It a Safe Wallet or a Scam?

Post author By Edith M.
Post date 10 July, 2020
No Comments on D’CENT Wallet In-Depth Review: Is It a Safe Wallet or a Scam?

D’CENT is perhaps the only crypto wallet hardware with biometric security. Since its invention six years ago, the hardware wallet has managed to gain recognition as one of the safest and simplest ways to store cryptocurrencies. Although the industry is dominated by some of the earliest crypto technology companies like Trezor and Ledger, D’CENT integrates quite a good number of unique features.

In addition to being one of the best cryptocurrency wallets in the market, what are some of the top features that make it stand out from the crowd? Read on as this review seeks to provide you with detailed insight into some of the key features, pros and cons, security features, and how it compares to other popular wallets in the market. However, before we go into detail, let’s first find out some of the top key features.

Key Features

Built-in fingerprint reader: The hardware is designed with a fingerprint scanner to provide full security for your wallet as well as make your transactions easier and faster.

OLED display: D’CENT features a 128 x 128 pixels display screen, which is large enough to provide users with a comfortable view of their transactions.

Four scroll buttons: For easy navigation, the device comes with four scroll-wheel buttons to allow users to scroll up, down, and sideways.

PIN code and biometric authentication: The wallet can be accessed via biometric authentication or PIN.

Bank-grade EAL5: D’CENT is designed with multi-IC architecture and a bank-grade EAL5 for optimum security.

Security chips: It comes with secure wallet chips that will not expose your private keys to external applications.

Bluetooth connectivity: The device supports Bluetooth connectivity for a secure connection and low energy consumption to your mobile device. Users can connect their wallets to other personal computers through the USB connection.

Hardware Wallet Security

D’CENT hardware wallet is perhaps one of the best hardware wallets that offer top-notch security. It comes with multiple levels of security, which makes it almost impossible to infiltrate. Despite being one of the latest in the market, it is also one of the first to offer biometric authentication. What’s more, it can also be accessed via PIN code and integrates such features as two-factor verification.

D’CENT hardware wallet is also certified as EAL5+, which means that it offers the highest level of security against any online penetration. Notably, this is also the same kind of security integrated into such hardware wallets as Ledger Nano X, which is used in securing credit and debit cards. It also uses a state-of-the-art multi-IC architecture that combines a custom-designed operating system to protect against conceivable attacks like keyloggers, backdoors, and spyware.

Design and Build

D’CENT is specially designed in a unique way than the majority of popular hardware wallets. One of the unique features that make it stand out from the crowd is its fingerprint reader. It is among the best biometric wallets that integrate a form factor that is reminiscent of a portable media player.

Besides, it features a 1.1 inch OLED display (128×128 pixel resolutions) and a micro USB port. It is also quite easy to interact with the device. Besides the power button and the central fingerprint, you only need to utilize the circular control bar with four control buttons to operate the gadget. Weighing 36 kg and measuring 43.2mm x 10.8mm, D’CENT is perhaps one of the largest wallets in the market.

D’CENT is robust and supports a wide range of services, including insurance, government, financial services, and also facilitates a myriad of P2P transactions. The wallet has also received positive feedback from its customers. Its impressive QR code, Bluetooth connectivity, and biometric verification are among the key things that have significantly contributed to its success.

D’CENT Unboxing

D’CENT is specially designed with a shrink-wrapped box, a short micro USB cable, a D’CENT hardware wallet device, a user guide, a recovery metal plate, and a getting started card. The recovery card is used to store your 24-word recovery seed.

D’CENT: Getting Started

Setting up the device is quite easy and will probably take a few minutes. What’s more, it doesn’t require the use of a mobile phone. You are only required to press the power button down to power on the device for one or two seconds and select your desired language – either Chinese, Japanese, Korean, or English. After confirming with the OK button, you can go ahead and select the “create wallet” option to set up a new digit pin.

You will be asked to scan your finger several times to confirm the biometric security feature. Next, you will be provided with the 24-word recovery phrase that you’ll need to record and keep safe. This will be important in case you need to recover your wallet in case you lose or break your D’CENT wallet device.

The last option will require you to back up the recovery seed. Confirm that you have entered the right details before going to the next step. After doing so, your device will be ready for use. In order to start managing your cryptocurrencies or performing any transactions, you will need to download their official mobile app from iOS or Google Play Store.

Note that you should ensure to write down the recovery seeds or the mnemonic codes to avoid losing funds from your wallet in case the device is damaged or lost. The best way to preserve it is to write it down and keep it in a safe place.

Synchronizing biometric wallet with your mobile app

The best thing about D’CENT is that once the device is connected to your mobile app, synchronization starts almost immediately. To set up your Android device to function with your hardware wallet, you are required to connect with USB or Bluetooth. To pair the two devices with Bluetooth, ensure you turn on the Android device’s Bluetooth and scan for the device.

You should find the device’s name on your mobile phone. Once they have been successfully paired, you will be good to go. To connect the device with OTG, you will need to enable the OTG function on your device and use USB storage to connect. You will receive a notification on your device that it has successfully connected.

Note that when the synchronization is complete, you should notice the Bluetooth icon on the upper right corner of the screen on the mobile app. What’s more, ensure the Bluetooth LED stays on to avoid interrupting the connection. In case the synchronization process does not begin automatically, try turning on and off your device and start over the synchronization process all over again.

D’CENT Hardware Wallet Pros and Cons

Pros

It is easy to use
Supports multiple cryptocurrencies
Huge display
Fast recovery of lost or stolen data
It is easy to generate private keys
Its Bluetooth connectivity enables the device to consume less energy
Comes with a 585 Ma durable battery
Offers secure and secure firmware updates
Supports multiple wallets
The wallet is secured by biometric authentications and a PIN

Cons

Supports fewer cryptocurrencies compared to other wallets

How Does D’CENT Compare to Other Hardware Wallets?

Compared to the majority of hardware wallets in the market, its biometric features ensure it stands out as one of the best cryptocurrency wallets in the market. However, its Bluetooth and OTG support function makes it vulnerable to hacking and online attacks from other networks.

Some of the hardware wallets such as Cobo Vault offer more reliable security due to their ability to restrict external connections. The only downside of D’CENT is that there are other devices that offer better features such as NFC and touchscreen functions.

Final Verdict: Is D’CENT Wallet Worth Your Money?

D’CENT is considered one of the best options for anyone looking for a safe and straightforward way to conduct crypto transactions. It integrates an amazing design, top-notch security features, and quite a variety of cryptocurrencies. Additionally, one of the best things about D’CENT is that it uses state-of-the-art Multi-IC architecture that combines a custom-designed operating system with a Secure Element (SE).

Tags Best bitcoin wallets, Best crypto hardware wallet, Crypto, cryptocurrencies, D'cent crypto walet, D'cent hardware wallet, Education