Review on Satowallet Exchange by Stephen Toluwani
Sato Wallet has received so many bad reviews, I don't think it's good for use
The Sato Wallet application has been a victim of many criticism from it's user base. The wallet which is a Centralised one, taking hold of users funds in their custody has received a lot of backlash lately on reports of funds missing. Despite the security feature that the wallet falsely displays, they seem to still have a loophole or they are not straightforward in their business.
We all agree that every centralised wallet depicts one major role in cryptocurrencies, Not your Keys, Not your Crypto. With this in mind, plus the negative feedbacks received from many users,I don't recommend the wallet. I personally was eve scared of using it due to their personal details requirements and if I were to send my funds, I wouldn't like to get it lost. This wallet is not good for use. Check for other better options, especially decentralised wallets, but if you are a fan of the centralised ones, there is a lot for you to choose from, Sato Wallet isn't just the choice
Pros
- I have nothing positive to say about a thieving wallet provider
Cons
- The wallet is centralised, so users are not placed in sole custody of their funds
- There has been so many negative reviews by the wallet users as pertaining loss of funds and no recovery
- The security system of the wallet are presumably false. They don't keep to standard
