Review on Bitpie by Inioluwa Okedeji
Bitpie: A Cryptocurrency Wallet Based On The Technology Of HD Wallet.
The usage cryptocurrency wallets is getting more rampart everyday, from people who do know and understand its usage such as cryptocurrency merchants,traders to the general public, people who have little or no idea how cryptocurrency works in general, it's also being used.
Among the varieties of cryptocurrency wallets available globally is the Bitpie wallet. Bitpie wallet was developed in 2015 by a blockchain company known as Bither. Apart from the major function of storing and keeping user assets safe, Bitpie is based on HD wallet technology and also allows users to send and receive digital currencies, perform transactions more conveniently. The wallet supports digital currencies ranging from popular coins like BTC, ETH, LTC to ERC-20 tokens.
The wallet is available on both iOS devices and android devices. Users can download it easily on play store and apple store.
In other to ensure the security of the wallet and user assets, the need for kYC verification is compulsory. The wallet is also secured by a multi-character password chosen by the users themselves.
One thing I love about the existence of wallets is that it allow users to personally safe guard their assets. Users get to be in charge and take responsibility for the safety of their assets without the involvement of any external institution. And it means that your assets can be safely secured so close to you. Although the one grand disadvantage is that if one happens to lose the passcode or security details, assets are almost difficult to recover unlike on external institutions such as exchanges where the customer support can help retrieve lost details.
Pros
- Bitpie wallets has a multifunctional system that allows both storing of digital currencies and exchanging them, among other things.
- The wallet's user interface is a good one.
- The wallet supports a good number of digital currencies available in the global market.
- Bitpie wallet is accessible on play store and apple store for both iOS devices and android devices.
Cons
- Bitpie wallet is classified among hot wallets and these type of wallet are known for being hacked.
