Review on Lisk Freewallet by Praise Olagbadun
The Lisk Freewallet Seems To Be A Good One
TThe Lisk Freewallet is yet another Freewallet on the blockchain network. It is a crypto wallet that isn't limited to just the Lisk token as one might think but accepts a wide range of over a hundred cryptocurrencies. This alone seems to be the highest crypto accepting Freewallets I've ever come across.
This Freewallet happens to focus on security and this is proven by the numerous security features they've been able to put in place. Some of which are: The use of cold storage. The Lisk Freewallet stores their users funds on a cold storage. This happens to help sway scammers away and protect their users funds. Another feature is the use of 2 Factor Authentication. This happens to help protect traders from other people trying to access their funds illegally. The wallet is also known to have a multi signature feature and to be a Hierarchical Deterministic one. Although I am yet to see all these features, I guess this is because I created a personal account and as for the HD feature, I don't really know how to detect it.
The wallet is also available in mobile applications, although their services can be accessed via the web. These mobile applications are available for Android and iPhone users. As for their interface, it is more of user friendly than beautiful. Although they have an easily understandable user interface, I don't really find it attractive and hope they work on that.
Among all these, the one and only problem I have with the features of this wallet is the fact that users private keys are stored or handed over to a third party. I don't really like this feature personally basically for security reasons, adjustments should be possible, I guess.
Pros
- The wallet has multiple security features
- Their interface is completely user friendly
- They accept a wide range of cryptocurrencies
Cons
- I really have a problem with the fact that the users private keys are left in the possession of a third party
