All tagged security

Is A Hot Wallet Unsafe?

Security aspects of cryptocurrency is a debate that can be heard every day, and we believe that even for hot storage, users must be comfortable with and trust the wallet they are using. The cold storage solution is indeed what foremost makes us different from many other mobile wallets. However, if you want to spend and receive coins, then you deserve a hot wallet done right as well. Easy, secure and fun! That is what we believe that cryptocurrency should be all about, and that is what we try to reflect in our wallet. Hot or cold.

How to get Cold Storage without Spending Extra Money.

Welcome to our COINiD article series! In this first piece, we will discuss our most prominent feature; our cold storage solution. When developing our COINiD Wallet, we knew that we wanted one of our outstanding features to be that of cold storage. A mobile hot wallet is very convenient since you always  have access to your funds, but with a lot of coins and with no third party as security, you might not want large amounts of funds exposed to an online environment. That all we knew, so what were the existing opportunities for cold storage in mobile wallets?