Review on Atomic Swap Wallet by Amit Singh
A decentralized wallet with a built-in cryptocurrency exchange.
It gives users complete control over their private keys because it does not store them on its server. Rather, the keys are stored on the user's PC. In addition, each user gets a unique monochrome seed phrase that controls access to the account. This is the second level of security that allows users to have full control over the wallet.
This combination of features protects funds in the wallet of users. However, since the platform is not controlled, it cannot be called fully secure.
Pros
- HD algorithms and individual storage for pvt keys give solid security.
- Supporting a broad range of assets, a list that is always growing.
- It offers a stable alternative to crypto exchange.
- The seed phrase allows users to recreate the wallet.
Cons
- Wallet code is not open source.
- Multi-signature or 2FA does not have security features.
