NXT Platform wallet review

NXT Platform
Developed Ease of use,  High Privacy,  User Private Keys Stored

The NXT Core wallet was launched in 2013 by an anonymous software developer. In 2017 the online version will be shut down, but the desktop one will get upgraded to faster and easier to use version. This currency is aimed at external development so it is decentralized, written in Java, and allows for the creation of other sub currencies.

Nxt core wallet is the basic wallet that was created with the coin. It has limited features and directs users to various exchanges for more functionality. What is exceptional is the multi language support. It also supports Android devices.

Company / organization behind the wallets

The wallet is managed, maintained, and developed by the same core team as the currency itself. You also have the option to store NXT sub coins like IGNIS and ANG, these will be used for smart contracts. The online version of the wallet will shut down at the end of 2017.

Crypto Currencies Support

Language Support

  • Catalan
  • Chinese
  • Czech
  • Danish
  • Dutch
  • English
  • Finnish
  • French
  • German
  • Greek
  • Hungarian
  • Italian
  • Japanese
  • Korean
  • Malay
  • Polish
  • Portuguese
  • Romanian
  • Russian
  • Spanish
  • Swedish
  • Turkish
  • Ukrainian

Supported Systems

  • Windows
  • OSX
  • Linux
  • Android

NXT client is not focussed on security features and has not been fully developed. The value of the NXT currency has not been fully realized so security is less of an issue at this point. This wallet does give the user control over their private keys which is always a plus.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
Full Node
Hierarchical Deterministic
No

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

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

The design of the wallet is pretty basic but intuitive, it will be fairly easy to use. The main difference is the wallet id, which is displayed on all pages.

Summary:

This Wallet was by and together with the original launch of the NXT coin. It is designed to store only NXT coin. Like the coin it is still in the early stage of development so compared to some other coin core clients there are few functionality and security features. This will change as the coin develops.

Ease of use
Developed
Suitable For
Techy’s
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Nxt core wallet is the basic wallet that was created with the coin. It has limited features and directs users to various exchanges for more functionality. What is exceptional is the multi language support. It also supports Android devices.

There are none

Help and support:

  • FAQ section
  • Contact form
  • Email
  • Forum

Personal information for activation account:

  • Name
  • Email Address

Most common customer complaint:

Java based, loads slow on desktop