Review on Carbon Wallet by Temitope Babatunde
Carbon Wallet Has Some Great Features Though Not Regulated
Carbon wallet was launched in 2013 by the developper of Neo as a hierarchical deterministic wallet and has various great features for security. It is a web wallet that also has support for mobile apps.
Though look like a great wallet but it only has support for few cryptocurrencies meaning that users may have to keep other wallet for the coins that are not available in it. This wallet has no fees when making transaction except for the one charged by the network of the coin. But when using its debit card one has to pay some fees for maintainance and usage of the card.
It has support for English and Chinese language and it is very simple to use.The only major disadvantage that I discovered that it has is that it is not regulated and as such has to be use with caution.
Pros
- Has two private keys, one encrypted and save in the server the other is not encrypted and is with the user, this feature makes it secure.
- It is multisignature wallet.
- In addition to English it has support for Chinese language as well.
- It has debit card that makes it easier for the holders to spend their bitcoin.
- Before one can withdraw from it, there is double verification to prevent unauthorized person from accessing users fund.
- Hierarchical deterministic wallet.
- Has 2 factors authentication feature.
Cons
- It has limited support service for it's users.
- Not regulated.
