Centralized storage service, more than a wallet is an asset protection service with multiple options for its use, it allows new users to buy their first BTC, etherium using fiat money with their bank card or transfer.
You can add funds in cryptocurrencies and exchange it for fiat or vice versa to make withdrawals in their respective accounts.
In general this wallet is an additional storage service at your exchange, the funds as in any exchange are stored safely in the cold this according to official information. Registration process is quick and easy just by using the email and verify the cell number you will start using their services.
One of the most interesting aspects is that you can use this wallet to import others using your private key, these will remain private although with the restriction that will be used to send or receive crypto without the possibility of exchanging on the Lykke exchange platform.