Review on Bitgo Wallet by José A Rodríguez
Bitgo: Short Web Design. High Custody for Crypto-Assets
Users are convinced that Bitgo is a great shield for storing and protecting big assets in cryptocurrency, but I think it is, in general, an excellent platform because it provides a kind of professional support that might be compared to a one given by powerful financial institutions. This company also has the initiative to change the way of protecting money and having it to circulate in the world. The fact is that it provides high-quality security because they think before storing high amounts of utility tokens, users need to trust in a safe ecosystem. New users can know by first-hand the benefits of multi-signature sections.
If this is not enough, then Bitgo is allied with an excellent dominium of companies that bet to increase even more the current partnership. Some of them are companies that I follow and trust in. Together, they boost support for +250 cryptocurrencies to choose from. The tokens accepted are divided into three sections according to what I consider the appropriate way to understand their standard categorization.
- 14 general cryptocurrencies that are in the first top of the most trade coins.
- 4 tokens coming from the Stellar blockchain. This brings excellent attention to this token, and even opportunities to raise a better value.
- 254 cryptocurrencies belonging to the ERC-20 type.
Bitgo, moreover, offers other benefits for the whole system administration and the user's privacy. For me, this wallet is already completed. There is no way of accessing the web wallet without setting first a two-factor authentication device. Although it is a strong command, it is necessary because in this case, the wallet operates online on the web. The general resources are available for the custody the system offers and other options for trading online with prime trading and lending. Besides, it offers support for managing strong APIs. Customers will understand the first steps of why it is so important to connect them to the Bitgo network.
In conclusion, although the service has certain zones where it is not available like some Latin American countries, and it is not designed for desktop but the web and mobiles. It is a useful and powerful device. Perhaps the simplicity it offers defines it as a potent service. I hope the company will still offer excellent support to store even more tokens. It is a company that permits to acquire institutional learning and become expert not only when choosing the correct system to store assets, but also for digital security overall.
Pros
- Multi-currency and Multi-service wallet with wide coverage and options to trade, stake, list, and invest in. The company is committed to the growth of crypto-trading and global digital security.
- Open and great liquidity that avoid common risk when storing in cold wallets. This hot wallet has excellent support for those parameters framed in security.
- Leading companies joined the service and bring even more opportunities to unlock success in the crypto-trading. This is a cooperative company when everyone can grow with institutional value.
- The service has touched new local zones in Europe where the product is highly active.
- Excellent support for API management. It offers a short guide to define a correct network and link cryptocurrencies without failures.
Cons
- The product is not available in certain Latin American countries where the crypto-trading and storing is necessary. Besides, it does not offer a desktop version for safer management.
