Review on MyMonero Wallet by Fanuel PORPORTY
MyMonero is not a full node wallet
MyMonero is one of the best Monero online wallets for Monero (XMR), which is easy and convenient to use. Managed by Riccardo “fluffy pony” Spagni, a member of the Monero Core Team, MyMonero provides secure, hosted Monero accounts.
It is a hassle-free web-based Monero wallet, which has a straightforward and intuitive interface, where you must know how to create Monero wallet, which is predominantly easy. You have to log in with your 13-word long private log-in key, which you must keep in a safe place.
Pros
- There’s no need to download the whole blockchain, because as a light node, MyMonero request data from full nodes in order to stay tuned with the lasted updates of the network
- There isn’t a third-party involved in storing your private key, but it’s the MyMonero server, which keep them encrypted with your own password. Keep your credentials safe, as to ensure only you can access your funds
- When speaking of user-friendliness, the MyMonero GUI interface is more than attractive. Its simplicity and clearness are the main characteristics of the wallet’s vision
Cons
- No Multi-Signature feature to request more than one person to approve a transaction before it gets broadcasted. This means you’re the only one responsible to keep your coins safe
