Open source: This means that all the code that the wallet is written in is online and freely available. You can create your own version at home! I'm kidding, don't do this. I mean, you can potentially do this. The open source software can be viewed and updated by the community, which means it can be continually improved. Settings help users create backups of their accounts. This is possible by generating a specific sequence of words called recovery phrases. Recovery phrases can be used to reset lost account information. the wallet communicates directly with two exchanges where users can buy cryptocurrency.