Lisk wallet review

Lisk
Lisk
Intuitive Ease of use,  High Privacy,  Wallet platform Private Keys Stored

The Lisk wallet is developed and maintained by the Lisk foundation, the same core that created the Lisk blockchain. It has the same basic features as any core wallet. Security is features are pretty good for a desktop wallet and unlike many core wallets it is not bogged down by the entire node.

The software is easy to install in its Nano form, being minimalist is makes transactions a breeze. No more than 3 steps are needed for anything when using this wallet. If you want something more advanced then there is a Core version which it helps developers to create on top of the platform.

Company / organization behind the wallets

The LISK Foundation is based in Zurich, Switzerland and run by 2 guys, Max Kordek & Oliver Beddows. The ICO was very successful, and received over $80 million investment. Both founders have been involved in Blockchain technology for a while. No major news sites wrote about the wallet technology.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Windows
  • OSX
  • Linux

LSK uses a brain wallet which means you have a passphrase to access the network if you loose your passphrase you will loose access to your account. It is also important that your passphrase be entirely unique because if someone uses the same passphrase as you they can access your account.

Summary:

Security
Average
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
Centralized validation
Hierarchical Deterministic
Yes

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

All funds in the wallet are lost.

Simple and easy to use by anybody

Summary:

The wallet platform is a sound choice for storing LSK. It is really easy to use and transfer funds. The design is clean and very intuitive. Security is average and relies 2 passphrases, the second one being optional. It is the core wallet for this coin.

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

The software is easy to install in its Nano form, being minimalist is makes transactions a breeze. No more than 3 steps are needed for anything when using this wallet. If you want something more advanced then there is a Core version which it helps developers to create on top of the platform.

There are none

Help and
support:

  • FAQ section
  • Contact form
  • Email
  • Live chat

Personal information for activation account:

  • Name
  • Email Address

Most common
customer complaint:

Random transfer errors and failures