Review on Green Address by Alex Martakov
It is quite suitable for users of cranes, miners and for storing small amounts…
It is quite suitable for users of cranes, miners and for storing small amounts of cryptocurrency. But for more global purposes it is better to use other methods. Among the simple services GreenAddress has quite a good level of protection and provides optimal anonymity of application.
Pros
- 1. Anonymity. This is the most important aspect for many Bitcoin owners, as anonymous payments were the first prerequisite for the creation of the tool. 2. Security. The developers themselves claim that the level of security is much higher than on the Blockchain, for example, and also better than its competitors. 3. No restrictions. You do not need to go through complex verification to start receiving bitcoins, there is no need to send photos and scans of your passport for registration. Simplicity. Any user can understand the interface, even if you do not know anything about cryptocurrencies. But it is worth reading the manual. 4. Changing addresses. To improve security, the developers have created unique addresses for each operation, this clearly increases the interest in the tool. 5. Verification by various methods. You can confirm payments and log in by SMS-verification, as well as through a special application for your smartphone or by a control call. Commission, as in other bitcoin wallets, you appoint yourself. The speed of the operation depends on the assigned transfer fee. But GreenAddress has another important advantage. The system immediately confirms the payment, you do not need to constantly monitor its status after sending. Therefore, for users of cranes, for small mining farms, this solution will be quite relevant.
Cons
- Many people do not like the constantly changing address of incoming and outgoing operations. Indeed, this closes the door to serious Commerce. But this service is unlikely to be interesting for large companies and businessmen, so this disadvantage can also be missed. One of the big drawbacks is the extremely complex information on the official website. It is easy to use all the features, but it is not so easy to study the technical documentation and descriptions if you do not know anything about cryptocurrencies. However, this will not prevent you from using such a tool conveniently.
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Comments (1)
September 25, 2019
Totally agree, it is one of the best wallets to store Bitcoin when it is not possible to obtain other types of storage. Fast, safe and beautiful user interface.
