Review on Monero Freewallet by José A Rodríguez
Monero Free Wallet: Updated, Innovative, and with Great Availability
Monero is a Blockchain with a clear future due to its open quality to offer customers different products where they can store their assets. In the case of this free wallet, it permits to store XMR tokens and was updated to accept other tokens of great value in the market. Commonly, Monero's providers offer this kind of service, so overall, the wallet is good and the transactions are so easy to follow. This wallet has changed a lot since it was released. Although in the beginning, it was a simple wallet, now, the company updated the interface and it looks more reliable.
The wallet offers options to convert the token to any other cryptocurrency through the exchange market, the listing process is added to it.
Monero Free wallet available for Mobiles and the Internet
Both the mobile app and the web version show a daily volume of the Monero currency which is assessed against probable volatility. The good of it is that it is adaptable for experts in the field as well as new crypto-holders. Personally, the app version is captivating because of the simplicity it shows and the good design it has. However, I do not like the wallet at all because the value for other tokens may vary according to the general market, it would be better if the company organizes their current availability and deals with other smart contracts among blockchains.
Despite all that, the exchange system is amazing. Monero is present as an open-source and it has proof of work that it functions as an anonymous service. Without doubts, the security of this wallet has changed almost completely. Just a year ago the product was accused even of a scam on the web, but those facts were never confirmed. I think the company is doing a great effort to give more attention to its product considering that the XMR token has a good value in the market, which is probably a good mark at the top of most profitable tokens.
In conclusion, Monero freewallet is an innovative product that I recommend just for those who like the Monero initiative and trade with their token because other cryptocurrencies are better to store in other types of wallets. In general, the company provides better products with major benefits and fewer limitations, however, this wallet does not stop being a good option.
Pros
- It was updated and simplified. Now the product permits to store multiple tokens. The quantity is +100 cryptocurrencies. Moreover, the exchange service it offers is good for trading and easy to understand.
- It presents multiple wallets with different benefits. The user can even operate with other users who also have the product easier than trading with another wallet.
- The market volume of the XMR token keeps updated and offers a good value for buying. If users need to buy other types of tokens they can do it by using credit cards.
- It offers multiple availabilities for languages and translation. Currently, it is available in 13 languages.
Cons
- The wallet registrations are not as safe as they offer. The process can occur through the social media account Facebook, but applying this kind of service is not reliable. They are at risk of being hacked. The same occurs with the web version of the wallet.
- Trading with the wallet is good for the XMR token but for other currencies, the value is less compared to other services.
