Review on Bitpie by Mathias David
My Review On The Bitpie Wallet
The crypto wallet industry happens to be one of the most important industry in the blockchain network. This is mainly because they happened to be the place where the cryptocurrencies earned, traded or purchased can be stored. They come in their diversities mobile wallets mainly because I used a mobile device better than I use a desktop. The cryptocurrency wallet industry has experienced massive development with the rates at which new companies are added to the blockchain network, this has left traders with more than enough choices to make leaving the industry as a really competitive one.
Amongst the hundreds of crypto wallets out there, I will be reviewing the Bitpie wallet today. I started using this wallet mainly because it's a mobile wallet, making it a wallet that can be accessed only through the mobile devices. Their services are available in applications on both the Android and iPhone mobile devices but as for me, I made use of my Android mobile device to download their Android supporting application. The Bitpie wallet happens to be amongst the early rising crypto wallets that got many traders interested. Their services alone is worth a traders attention. It is a HD wallet that accepts a really wide variety of coins and tokens which includes coins like Bitcoin, Ethereum and EOS and tokens like the ERC-20 tokens. The wallet has a very intuitive user interface which makes it very easy to use or operate.
Security is a very vital factor in the determination of which wallet to use. Most times, traders are more comfortable with well secured wallets as these type of wallets has the least probability of a hack. The Bitpie wallet has been able to put up some security features which would keep funds completely safe from hackers. Some of which are: Their password. Making a password strict is the best to me and I guess that's why the Bitpie wallet make use of the multi-character password which traders set up to protect their funds and in case one loses his or her password, a recovery seed is available to the traders. They also make use of the military grade encryption by encrypting users private keys and they don't have these private keys in their possession but have it stored in the users device.
As for me, I'm quite okay with their security services and their fees are moderately charged. The Bitpie wallet is a nice one and I guess you should try it out.
Pros
- The crypto wallet has been in existence for more than 5 years now which has made it gained lots of experience in how things are done
- They have been able to combine multiple security features to protect users from hacks
- It is a mobile supporting platform that has its applications provided on both Android and iPhone operating systems
- They don't have possession of their users private keys but have it in the users possession
- They make KYC procedures available for improved security
- Coins can be exchanged on the platform as they have an exchange platform in their application
Cons
- The crypto wallet is yet to have desktop applications available
