Review on Blockchain Wallet by Amos joseph
Blockchain wallet
Ever been to a bank where you have to undergo rigorous process just to open a bank account? How stressing some financial institution can be. Signing up with a blockchain wallet takes few minutes once you're connected to the internet and you have a valid email address you are good to go.
Security is of importance in any financial sector blockchain wallet is very safe, even a novice can generate his personal passcode which only him can have access to. A wallet ID is generated once you have successfully sign up, which will be sent to your email. with your generated ID you can use the combination passcode to login into your wallet account. This process requires some few minutes to complete, for a user to login after some few hours into his wallet account a link will be sent to his email for approval access to login into his account, isn't it awesome security in blockchain is very secure and free. Blockchain wallet is provided by blockchain.
Blockchain wallet is basically used to store crypto currency like Bitcoin, ether, bitcoin cash, stellar and USD Digital.
The wallet can be use to show the specific amount of Bitcoin and ether you have depending on the amount of local currency you use the purchase either of the crypto currency. Master card or debit card can also be used to purchase any of the currency.
The wallet can be use for exchange once you link your address to the exchange company you can trade using the balance you have on your wallet.
Some important information are also announced on the wallet which are called Airdrop token, where when an organization want to lunch a project on crypto, the process can be used to attracte new users to a particular crypto currency that will be launched.
You can swap your Bitcoin to ether or any crypto of your choice in the wallet, vice Vasa.
Another interesting feature on the wallet interface is that the wallet allow it users to borrow digital currency. The balance on your wallet will determine the amount of currency you can be borrowed.
The wallet address can be generated when ever a user needs to send or receive either bitcoin or ether, interestingly the address can be generated any time a user want to make a transaction. A QR scan code can also be use to make transaction.
Pros
- Signing up to blockchain wallet requires simple process a valid email and internet connection.
- Wallet security is very secure.
- Wallet address for transaction can be generated unlimitedly.
- Friendly user interface.
Cons
- Users of blockchain wallet in some region are restricted from buying crypto directly from the wallet.
