Bitinka wallet review
Peru
- Overview
- Security
- User Experience
Bitinka is one of the biggest wallet and exchange sites in Latin America. It's focus is integration with fiat currencies, so it allows deposits and withdrawals to a traditional bank account and is convenient for the average user. It allows the average user to take advantage of some of the benefits and flexibility of Bitcoin without getting trapped in the world of altcoins. Great for new users.
Functionality wise, the wallet is pretty solid, they have an internal exchange system which will help you get a decent conversion rate from USD to BTC. It's simple to use and set up, you will need an additional mobile app to make merchant payments, but the wallet can transfer crypto and fiat between your accounts.
Company / organization behind the wallets
Bitinka is a Peru based startup that launched in 2013, since then they have revolutionized the way people use crypto there, as they offer a payment application linked to the main wallet. They are often featured in the news and there are few complaints.
The Bitinka platform is focused on making a quick and easy platform for the laymen user to quickly exchange between alt-coins and fiat currencies. It is not security driven and it shows. This is not a long term storage wallet but it can be useful for quick exchanges and buying alt coins.
This wallet allows new users to quickly buy, sell and trade a variety of Cryptocurrencies. The interface is reasonably easy to navigate the the design is simple and to the point. It is most popular in Latin America where it originated.
Summary:
BitInka offers a great deal of functionality and makes it very easy to buy and trade altcoins. It is not security focused and requires that the user depend blindly on the wallet platform to secure their funds. It's easy to use once your account has been verified. Because it is integrated with fiat currencies it is not anonymous.