EtherLi wallet review

EtherLi
EtherLi
Intuitive Ease of use,  High Privacy,  User Private Keys Stored

EtherLi is a web wallet platform for Ethereum. They claim to be the world's first multi-signature web wallet. It was developed by engineers from BitGo, a Bitcoin wallet platform that has a very good reputation. The founders are working on new features such as support for other cryptocurrencies and better services, without compromising security or usability.

EtherLi is still in the development phase. It supports only Ethereum at this time and has next to no features or functionality. They have good backing and have promised more features in the future so this is a wallet to watch

Company / organization behind the wallets

EtherLi was developed by the software engineers behind BitGo, a wallet platform for Bitcoin. Ben Chan, Mason Borda and Barath Chandrashekar are the people named as founders of this wallet platform. EtherLi is not officially connected to BitGo, they are separate projects.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Online Only

Partners and integrated software

  • None

Some users are suspicious about web-based wallets, but EtherLi's multi-signature and two-factor authentication system makes it stronger in terms of security than other web wallets. The user is responsible for keeping his or her two keys safe. It's not yet fully developed, instead it's a proof of concept and the team recommends storing relatively small amounts of Ether for now.

Summary:

Security
Average
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
User
Storage Type
The user may choose hot or cold storage and is responsible for the set up
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

multi-signature functionality.

EtherLi seems easy to use and it only takes a few minutes to create a wallet. Some users have had problems with transactions or withdrawals but received some help through Mason Borda's blog. The developers have provided Twitter handles for users to get support, but there seem to be a lot of unanswered questions.

Summary:

EtherLi is a wallet platform with a very good reputation. It is suited to all types of consumers. For now it supports only the Ether currency. It is still in the development phase and has not yet passed security audits. For now it should be used only for small amounts.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Simple
Transaction fees
Set transaction fees
Setup fee
$0.00

EtherLi is still in the development phase. It supports only Ethereum at this time and has next to no features or functionality. They have good backing and have promised more features in the future so this is a wallet to watch

There are none

Help and
support:

  • FAQ section
  • Contact form
  • Email
  • Twitter @bencxr and @masonic_tweets

Personal information for activation account:

  • Phone Number

Most common
customer complaint:

errors with withdrawing or transferring funds