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Kentucky
1 Level
3 Review
106 Karma

Review on Bitgo Wallet by Fiati Amber

Revainrating 4 out of 5

Bitgo Wallet has very high security

Bitgo Wallet was founded in 2013 by Mike Belshe and Ben Davenport, both of whom are highly experienced in online security, digital currency, and financial technology, with the experience of its founders certainly having quite good security.

Bitgo is one of the heavy hitters in the industry. Not only does Bitgo guarantee our accounts, but Bitgo has taken security to a higher level. The Bitgo platform far exceeds the average, Bitgo also has a number of Business services related to our wallet.

Through integration with multiple exchanges, Bitgo enables broad functionality while maintaining the security of our funds on their platforms. This platform is very sophisticated, maybe too much for our average and more suitable for business. Bitgo provides a number of B2B applications and services that are not needed for individual users.

Bitgo is a pioneer in security. How it works spread control over the wallet between 3 different parties, Bitgo, users, and selected 3rd parties. The only vulnerability is in the moment the keys are generated which is done on the network which openly point out to us. But, This vulnerability is present in almost all wallet services with the exception of a few hardware wallets.



Pros
  • High Security
  • Fast Transaction
  • Have an Exchange
Cons
  • The only vulnerability is in the moment the keys are generated which is done on the network which openly point out to us.