Review on Bitgo Wallet by Fanuel PORPORTY
BitGo - what is this?
BitGo operates a Bitcoin security-as-a-service platform based on its innovative multi-signature technology. The Bitgo wallet uses multisignature technology to underpin its product offering by sharing keys between themselves and the user.
The company currently offers BitGo Enterprise, the first multi-sig, multi-user solution for corporations and financial institutions to manage their Bitcoin holdings with enterprise-grade security.
The BitGo platform also enables exchanges, marketplaces, and e-commerce players to facilitate secure, multi-party transactions that are secured with BitGo. Essentially commercial grade software for the individual.
Pros
- Strong emphasis on security
- Supports a wide variety of cryptocurrencies
- Supported on web browsers, Android, and iOS
- Easy to use
Cons
- No support for fiat
- Does not facilitate the exchange of cryptocurrencies
- Users need to give up some level of control of their private keys
