WavesWallet wallet review
Afghanistan
- Overview
- Security
- User Experience
WavesWallet is a decentralised exchange platform where users can issue their own tokens and instantly trade multiple currencies without any limits. On their website the user can access his online wallet or he can enter https://wavesplatform.com/ to download a desktop client. A Google Chrome extension and an IOS app are also available.
Waves is primarily designed to build customer loyalty tokens but they have built a wallet and exchange platform to allow users to exchange the tokens they create. You can fill your account with BTC, ETH, USD, or EUR and then buy and trade tokens. It is available online at waveswallet.io, through a chrome extension or as a mobile app.
Company / organization behind the wallets
The Waves Platform was founded in 2016 by the physicist Sasha Ivanov. His purpose was to "reinvent the DNA of entrepreneurship around the world". The team consists of 34 people working in the Moscow headquarters.
Waves wallet lacks a considerable amount of security features. Your seed is kept and encrypted on your phone and temporarily 'unlocked when you sign a transaction' They also use pin protection instead of a password for easy access but it also means that it is easier to break in. They say they have plans to improve security but time will tell.
Waveswallet has an easy-to-use interface and can be accessed from different clients or devices. It's designed for all consumers and offers multiple functions. Assets and tokens can be easily traded with low transaction fees and several national currencies are supported. They offer a fast and active customer service.
Summary:
Overall, Wavewallet is a multi-currency trade platform where anyone can instantly trade their assets. They have a low security level and encounter some issues regarding fake coins transactions. They recommend their users to buy only the green ticked currencies as those are verified by their team. The platform is primarily to trade small tokens created through their platform.