What is Max Wallet?
Max Wallet is an e-wallet for mobile use which enables users to send, store and receive Bitcoin, as well as a number of other cryptocurrencies like Bitcoin Cash, Ethereum, Ethereum Classic, and many others. The wallet was designed to allow traders and investors to conveniently manage their crypto assets by using their smartphone.
The Kiev/Ukraine- based company was established in 2016 by a team of dedicated Bitcoin and cryptocurrency enthusiasts. The Max Wallet application has a simple and user-friendly interface that allows users of all levels of tech savviness to store and make crypto transfers.
The Max Wallet team has announced that they plan on extending their list of features by adding an exchange function. The exchange function will be introduced after the app will reach 100 000 users on both iOS and Android platforms.
Max Wallet Security
Security is the most essential aspect of a crypto wallet. When you consider the number of hacks and thefts in the crypto world, you want to be sure that your digital funds have the best protection.
This is why Max Wallet has implemented several security features to ensure that your crypto stays safe. The wallet provides a cold storage function, which keeps funds locked offline, away from any online threats. It is also secured by a 4-digit pin, as well as fingerprint recognition protection or Face ID. This ensures that you and only you can access your wallet, even in the case that you have lost your phone.
All the files and wallet data on your phone are encrypted with advanced cryptography. In the eventuality that you have lost your device, Max Wallet offers a simple backup process through which you can recover your crypto funds. For this, a 12-word backup phrase will be generated when you first create your wallet. The backup phrase is the only way you can recover your funds, so keep it somewhere safe.
If you already have cryptocurrency on a Paper Wallet and you wish to transfer them to your Max Wallet account, you can use the Paper Wallet import function.
Max Wallet Features
The wallet’s code is completely open source, meaning that anything is accessible to everyone, making it more secure. Developers are able to find and fix bugs, meaning you do not have to wait for the next update to be released. A code that is continuously scrutinized by a large community results in a code more stable and secure.
A dynamic fee system is implemented, meaning that the fees are adapted according to the changes in network volume.
QR code scanning is also supported, and users can access their full transaction history without any problems. This service allows users to store a wide variety of cryptocurrencies, supporting a total of 150 coins and tokens. To cater to an international audience, the wallet is not only available in English, the app being translated in a total of 14 languages.
Moreover, no signup is required in order to use it, which means that you do not have to provide any personal information about yourself. With Max Wallet, you can anonymously make online crypto transactions from your phone, without having to worry that a company has all your personal data.
As an entire Bitcoin is quite a hefty sum [ ~$8000], you might own just a fraction of the crypto. To make things easier for you, Max Wallet displays your Bitcoin amount in BTC, mBTC, and µBTC.
Max Wallet is a mobile app that enables the storage of a wide variety of cryptocurrencies in a wallet that is secure and has a multitude of features.
- Source: First Appeared Here
- Published Time: 2019-05-28 14:40:34
The views and opinions expressed in the article Max Wallet Will Be Adding Exchange Functionality After 100,000 Users do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.
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