Review on Bitgo Wallet by Temitope Babatunde
A Completely Secured Wallet.
Produced by California based company lead by Mike Belshe who is the current CEO and Ben Davenport. Bitgo was originally launched in 2013 and since then it has taking online security for cryptocurrency as a serious business.
Though the wallet is a hot wallet which means it can be accessed online anytime, but Bitgo has had the reputation for having unhackable wallet that even some exchanges are using its services. It is even said that over 25 percent of cryptocurrencies are in custody of Bitgo.
To use the wallet is free, just download the wallet from their website and set it up. During set up you will be asked to choose between individual accounts or enterprise account. Individual accounts pay fees per transaction. The wallet is multisignature, hierachical deterministic wallet, has 2Factors authentication, key encrypted, and some other latest technology to secure the wallet online. It use to charge 0.25 percent for withdrawal, but for BSV and BTG it is 1 percent.
The customer service is really providing an update services and ready 24/7 to render any kind of assistance to the user of their services. So when thinking of reputable and up to task security wise wallet Bitgo is unbeatable.
Pros
- It has support for over 100 coins.
- Useful for both individuals and enterprise
- It has complete insurance policy for the users fund.
- Very strong security measures.
- No KYC
- Has support for other languages apart from English.
Cons
- When withdrawing coins, the fee charged is somehow higher.
- Access via a web browser interface.
