Review on Kcash Wallet by Danh Huỳnh Ngọc Công
Kcash - Good but not so good
Kcash is a trusted cryptocurrency wallet that can help to manage, send and receive very easily without any stresses. The wallet have a good design and good layout so it gives an excellent feelings using it. Cloud mining is an uniquely interesting service. Although they have an internal exchange and a DApp browser but it seems that they are not taken care much. I hope they will improve the wallet in the future.
Pros
- - Kcash wallet does not require a lot of storage from the device as it is a lightweight wallet SPV client standard; therefore, there is no need to download all the blockchains. Setting up process also happened very fast
- - Users may not need to submit their private or sensitive information to use the basic functions of the wallet. The wallet will ask them to create a username and note down the seed phrases to recover their wallets
- - At the time of writing, the wallet support the famous blockchains including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, AChain, Ethereum Classic, GXChain, and some ERC20 tokens. The list will be longer as they have planned for much integration in the future
- - The user interface is well-crafted and very user friendly. It actually looks very nice and beautiful which features can be found without many efforts as they are well arranged
- - The security of the wallet is ensured 7 security strategies and 6 technical innovation bringing the complete safety to any vulnerable aspects of the wallet. Furthermore, when a wallet is generated on this app, its private key and seed phrases are hold offline on the devices of users so there is no fear that the company will runaway with them
- - Sending and receiving assets on the app will be as easy as pie. Just by a few taps, your coins and tokens will be sent or received in the desired addresses. Transaction fees with Bitcoin can be adjusted in three modes: Priority, Normal, or Custom. Transactions of other cryptocurrencies will be charged a fixed but small amount of fees.
- - The wallet has received sound investments from the grand ventures in the industries such as Huobi Eco, Achain, Banyan Capital, and Jlab. They have many angel investors who are the leaders of many big corporation around China. Kcash was also features on many medias. These are listed to show that the wallet is trusted and many more improvements will be given in the future
- - They are also active on the social media networks and communication channels such as Telegram, Weibo, or Wechat
- - They are trying to integrate a DApp Store on the wallet so it will become more than a normal cryptocurrencies wallet
- - KEX is a exclusive exchange on their wallet. The interface looks alike Huobi exchange, which also an investors of the wallet, so it is very easy to use. They will airdrop a random amount of tokens to users balances on this exchange
- - They offer cloud mining service that helps to generate passive income and that's very unique. I have not seen any wallet offer the same service
Cons
- - The wallet will not auto log out when you turn it off. This is not good for a wallet and it is even more irritating when they talked about their "all-aspect-covered" security
- - To use all the features on the wallet, it does require users to verify phone numbers and identities. This is just not so decentralized in the blockchain world
- - The exchange on this wallet has no liquidity as there is no volume on it. It seems that the developers did not do much marketing for it and the result is that it is unknown by the major
- - The DApp browser introduce only two DApp and this is weird because there should be more of them
- - Kcash issues an inner token but it has not been proven to be a token that can give incentives to its holders
