Review on SelfKey Wallet by José A Rodríguez
SelfKey: A Professional Way for Storing ERC-20 Tokens
SelfKey is a wallet created with an organizational value that is particularly impressive because the social implementation it has had through the integration of a necessary feature, it means the KYC. Although it seems to be a simple one, I consider it is of greatest importance because when storing cryptos we must not forget that they come from different addresses, although users commonly trade online without knowing really about other sellers, they require to have access to this without affecting any type of privacy. For this reason, this wallet beyond storing a great limit of tokens supporting the ERC-20 feature is also a brilliant option for the security and autonomy it offers.
It is easy to download through the internet, and after setting up the first stage for having access, the wallet will offer a complete view, which I must say is great because of its design. It is already updated to the current offers in the digital world. This wallet works in many ways, but the principal is directly linked to the way users store their tokens. There is an option to organize all tokens belonging that the user manages. It flows rapidly because it is part of the Ethereum blockchain although these days it has been less operative due to the high volume on fees it has been registered. This is something that cannot be controlled, so users prefer to stop storing and sending their ERC-20 tokens to an Ethereum wallet.
An impressive section of this wallet is the security, which is the first one the user knows when opening it because as its name says, SelfKey provides a key that is managed by the customer himself and that is encrypted to avoid lack of privacy or safety. Through this users can manage not only their tokens but also national bank accounts that serve as a way of withdrawal for countries where cryptos are highly permitted. To explain it more detail, beyond the simple fact of storing tokens safely this wallet works as a financial instrument where users go hand-by-hand with safety to create, operate and manage all their actions for the KYC control, that bank accounts, and so on.
This wallet is not totally available for mobile devices, it works just for Android operative systems, and it is something bad because it has a great version and design. However, in the desktop type, it works rapidly and without bugs. It is operative 24/7. I think I like the fact that there are not hidden representations behind the product, the users are the only owner of the wallet and decide when to use it. I consider that having access to where a product was created to permit us to manage our identity is a stunning fact that other products should follow.
In conclusion, a SelfKey wallet is an ideal option where to store tokens safely and send them later. As part of its functioning can do lots of financial actions to keep closer of the real functioning of the crypto-world. However, in regard to those features, I just recommend the wallet to those users who have been advanced in the field of trading because some of the sections are complex to manage. It depends on the customer himself, but there are similar releases down there.
Pros
- Unique features that guarantee rapid access and provide efficient ways of storing, trading, and creating financial processes that can be linked to bank accounts management.
- It is a product from the Ethereum network, so the platform receives excellent attention and availability for all ERC-20 tokens where they can be stored safely.
- The security system although is not explained in detail counts with an amazing design and it is certified to protect securely the users's actions and their data, and privacy.
- Partnered with leading companies that are directly mixed with businesses and global trading through crypto.
Cons
- It is a product designed for advanced users who really know what they want to do after storing tokens. Although new ones can use, they require to follow guide that is not approved bed in the wallet.
- It does not provide high attention to other tokens coming from someone different networks. They are not admitted to it.
- The mobile version is just available for devices with Android operative system.
- It is not a product that can be used totally in some countries. At least options to get access to the bank accounts are not permitted.
