Review on Blockchain Wallet by Umut ERDOGAN
Blocked Wallet
The blockchain wallet is a digital storage device used to exchange or hold cryptocurrencies. These wallets have two unique codes called the wallet ID and private key. Technically, the wallet ID can be compared to an e-mail address and the private key to the password of this e-mail address. Transactions made in these wallets are recorded in the block chain. Blockchain allows you to make deposits extremely quickly and securely. In addition to your investments, Blockchain provides the necessary security in the withdrawal process.
In order to transfer to another cryptocurrency wallet, it is sufficient to know the identity code of that wallet. The private key should never be shared with anyone because access to the wallet is provided by this signature code. You do not need to store this code to access your wallets on a cryptocurrency exchange.
Blockchain wallet creation is an extremely easy one-click operation. There are some open source websites serving in this field. Likewise, you can create a wallet for all cryptocurrencies open to transaction by registering at one of the reliable crypto currency exchanges, including BtcTurk. After creating a wallet, you can transfer from another wallet to your new wallet or withdraw to your other wallet.
Pros
- Reliable wallet
- Mobile app
Cons
- Little variety of coins
- Sometimes there are problems in application
