Review on Magnum Wallet by Stephen Toluwani
Offering the best services in the crypto wallet niche keeps me endeared to Magnum. Try it
Magnum wallet ranks among my first crypto wallets from which I lost my private keys and my funds in it. The wallet comes with exclusive features one might never see on any other crypto wallet such as an inbuilt exchange service for some cryptocurrencies and Airdrop possibilities for Bitcoin forks without requiring users to do anything. Just like i said, the users private keys are kept in the custody of the users and security are placed in their care, just like I lost access to my funds, I will advice strongly that users take good care of their private keys while making use of Magnum wallet.
The accessibility features of Magnum wallet is another good point of note as it can be accessed on its mobile app and virtually anywhere by using its web supported wallet. It even integrates an inbuilt exchange that allows easy crypto to crypto swaps. There is surprisingly, support for interest earnings on cryptocurrencies with staking capabilities and makes it nicer by supporting other coins that allows marginal staking too
According to its website which I accessed today, it's services are temporarily suspended for unknown reasons and would have made me doubt it's services maybe they have been hacked but after exporting my private keys to another wallet and seeing my complete funds, I can definitely say that Magnum is reliable. With support for over 700 cryptocurrencies and many more underway, it's a great choice for any crypto user
Pros
- Supports a huge number of crypocurrencies for holding
- Magnum wallet can be accessed both as a web based wallet or as an Android mobile application
- Magnum gives users the access to their private keys
- Support an in-built exchange platform
- Supports interest earning for coins with staking capabilities
Cons
- It's services at the time of my review, is temporarily suspended for unknown reasons
