Review on Lisk Freewallet by LUIS RIVERO R
Freewallet version for lisk.
Freewallet version for Lisk, a popular centralized wallet, its assets are in the custody of this project according to official information, all data and keys are stored in an encrypted and secure way, it also requires multi-signature to carry out transactions.
Easy to use is one of the main characteristics of this wallet, since it should not protect private keys or complicated data, your account is linked to your email.
The security is standard similar to those used in exchanges, it is necessary to configure each of the processes to avoid possible hacks related to the user, taking into account their password and other aspects.
Like any other centralized wallet, there are mistrust related to available assets and the possibility of loss. However, losses mostly occur when
Pros
- Possibility to buy Lisk using fiat and other cryptocurrencies.
- Low fees compared to other centralized wallets.
- Compatible with most devices.
Cons
- Notably centralized.
