Review on BTC Wallet by Danh Huỳnh Ngọc Công
BTC Wallet - A connection in Bitmain's ecosystem
BTC is a very safe wallet to use as it is created by Bitmain, one of the giants in blockchain community. The wallet provides a simply nice interface, easy usage, internal buying service, good options for transactions fees and useful settings. Sometimes, I experience a lag with it but not all the times. However, the biggest problems does not come from the wallet itself but from the excellent competitors out there in the market.
Pros
- - BTC Wallet is a trusted wallet which is founded by Bitmain - one of the leader in blockchain industry, who do researches on artificial intelligence (AI), cryptocurrency, and blockchain. The company offers many products and services such as ASIC or block explorer and BTC wallet is one of them
- - The wallet is available on both PC, Android, and iOS; therefore, a lot people can access to it easily. It is not a heavyweight app so downloading and setting it up is in a blink
- - Registration process does not take long because users just need to write in the emails and PIN. They can provide more if they want to use more features. The seed phrases of the wallet will be stored on the devices and given to you (and only you)
- - The wallet is optimized to store, send, and receiving Bitcoin and Bitcoin Cash. They can easily be found by pressing the burger icon on the top left
- - Sending the two cryptocurrencies is simple and can be processed within a few taps. Funds can be sent via Contacts on the phone (needs verification), QR codes, or Addresses. It is possible to adjust the fee for cost efficient transactions. There are two available options: Optimal fee (maybe high but transactions will be fast) and Low priority (maybe low but transaction will not arrive early)
- - Receiving is also convenient as the app provides QR codes and addresses, both can be shared on the communication channels
- - BTC protects the identities of users on Bitcoin networks by letting them create and use unlimited different addresses (thanks to Hierarchical Deterministic technologies). However, all the transactions will be tracked easily without any worries because it is well-arranged
- - The interface is simple and quite nice to give an enough good feeling for anyone using it.
- - There are very useful sections in Settings. They provide a FAQ section, the options for fiat currencies on balance display, languages for display, wallet backup, settings for PIN, settings for contacts, and decimal display
- - Users can buy cryptocurrencies with fiat straightly on the wallet thanks to the partnership between BTC and Simplex. This means there is no need to turn on another application
Cons
- - It will ask for some sensitive and private information such as your picture, phone numbers and contacts. You don't need to do that if carrying out only basic tasks
- - The wallet is a little bit not stable as sometimes it self turned off on my devices which is somehow painful
- - Although it is quite good, there are a lot of other wallets that really give me a completely good experience when using them. I would refer the similar but more fun wallets
