Digital Credential Blockchain Protocol. These are all important safety questions that need to be answered for any wallet, mobile or. The project differs from others with its innovative browser-first approach, this means that users can connect directly to the blockchain with nothing more than a web browser and is intermediary-free. In addition to Bitcoin, it supports over other cryptocurrencies. Security is helped by keeping the private keys right on your device. This is a relatively new wallet although they have managed to create ethereum mining pool crown mining pool over 50, downloads and an app rating of 4. We have previously covered buying Bitcoin anonymously for those users who are based in other jurisdictions. In case a hacker was trying to conduct any form equihash windows eth 1070 hashrate a phishing attack, this would alert you to a malicious website. By offering browser based access, the Nimiq team are providing a truly unique payment solution. Posting the latest news, reviews and analysis to hit the blockchain. There are quite a few exchanges which are opening similar services. When buying from the post office, you will be given a code that you can use to redeem on the Bitpanda platform. NIM is also not accepted by many merchants right now. They were previously called Coinimal before rebranding to Bitpanda in BitPanda Review: Bitcoin per giga hash bitcoin clashi, after hearing about poor experiences on all the exchanges listed above, we cannot endorse any of. There was some backlash from the user community when MyCelium made the decision not to support SegWitbut they have since added support for SegWit, so this is no longer an issue. This is perhaps down to the ease with which a relatively smaller exchange is able to list newer assets. It is an open source and decentralised payment protocol that was developed with adoption in mind. The team has already stated that they are open to supporting other cryptocurrencies, exchanges and merchant solutions in the future. This means that if Nimiq OASIS succeeds, it can be viewed as a wider contribution to the overall cryptocurrency community and infrastructure. ETH Domain: It has support for nearly all altcoins and over ERC tokens. Unfortunately though, even though they claim that it is built on open source libraries, the code itself is not open source. Additional security comes from a PIN you set when creating the wallet.
In this Bitpanda review, we will take a look at a relatively established European cryptocurrency crypto currency asset management where to buy cryptocurrency in las vegas. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. However, for storing large holdings of coins I would recommend a hardware wallet or a paper wallet in a safe. In terms of usability, I found this wallet to be one of the most simple to use. In essence, they have created products for the masses which can be used by tech-savvy people and regular users alike. You can also use your credit card if you find this to be the easiest option. All Posts. Digital Credential Blockchain Protocol. Next Nimiq Coin Review: We estimate that it will take around 30 seconds to setup your new NIM wallet. You can also sweep private keys from other wallets, making this a good wallet to use together with paper wallet storage.
The Browser Based CryptoCurrency. If you are a trader that would like more functionality from an advanced exchange, then you can always make use of an exchange such as Kraken. Xapo Bitcoin Android Wallet. Bitpanda Ratings 7. Posted by Editorial Team Editors at large. Previous PR: It seems as if everything is relatively well laid out and you can easily manage your entire account from here. The wallet does have a clear and easy to use interface, and you can send and receive with a quick tap. It has support for nearly all altcoins and over ERC tokens. Android Bitcoin Wallets: Given the unique approach that is being taken by Nimiq, there are a number of ways in which it can help ease the use and adoption of cryptocurrency. Although they are about in line with Coinbase, they are still much higher than exchanges such as Bitstamp and Kraken. They are also considering more assets at a later stage. The Blockchain wallet is one of the few wallets on the list that supports more than just Bitcoin. Once you follow the verification link in the email, your account will be active and you can login. The majority of the risk in using cryptocurrency comes from the user side with poor security practices. This could reduce any downtime that could by external actors.
Right now, it appears that Nimiq is stepping up and going after merchant adoption. The MyCelium interface is very clean, and deposit money on coinbase can i mine bitcoin on my main computer wallet is laid out so that even beginning Bitcoin users will clearly understand each function and how to find. This means that Xapo holds your private keys. Hence, the Bitpanda platform is most likely suited for a new cryptocurency trader or someone who would just like to buy for HODLing purposes. Currently, Bitpanda only has one option when it comes to reaching their support staff and that is through an online ticket system and telegram. Play Store. While Bitpanda seems like a relatively secure, easy to use exchange with good coin coverage, there are a few things that we thought warranted improvement. The Blockchain wallet is one of the few wallets on the list that supports more than just Bitcoin. Although many things could go wrong and stop Nimiq achieving its lofty goals, the approach taken is certainly best bitcoin desktop client bitcoin pro miner from other cryptocurrency payment systems out. When it comes to digital payments systems, projects need to be aware of changing consumer trends. Analysis Review. Electrum is also one of the most well known open source wallets. Given the unique approach that is being taken by Nimiq, there are a number of ways in which it can help ease the use and adoption of cryptocurrency. As mentioned, there is room for improvement and hopefully they are likely to address these points in due course. Finally, the Bitcoin Android Wallet has support for SegWit and it also supports the sweeping of paper wallets, allowing you to store most of your Bitcoin in cold storage and move only what you need to the hot wallet.
Basically, any supporter of the GreenBits wallet service can send payments that are received immediately without having to wait for blockchain confirmations. Moreover, they are probably one of the only Fiat exchanges that offers such an extensive list of cryptocurrency assets to purchase. This is developed by the same company that is behind the famous Blockchain. This is similar to the security practices of Coinbase if you have used it before. This means that the code base has not been verified by the broader crypto community. Once we completed this, the agency used their internal algorithms and were able to verify us remotely. Like many other mobile wallets, the Coinomi wallet generates a word seed phrase during the initial setup. This will be for all of the cryptocurrencies on their platform. We wanted to find out about the Fiat withdrawal fees and options at Bitpanda so we sent a support ticket. We also thought that the fees at Bitpanda were on the higher end of things. However, there may be fees that your credit card provider will charge if you do choose to use this. While the app developers can help you with certain queries, they are not able to recover lost wallets for you or retrieve hacked funds! We have previously covered buying Bitcoin anonymously for those users who are based in other jurisdictions. The user interface is clean and easy to understand, and it allows you to buy Bitcoin right from within the app. In essence, the Nimiq payment system is all about making things as easy, accessible and simple for the user as possible. Choose an Identicon that Suits. Whatever the case, it is one of the easiest to use Bitcoin wallets for Android out there. This means that external developers cannot verify the code behind the wallet. User experience is essential if you want to be able to send Bitcoin as easily as you swipe with your credit card.
When buying from the post office, you will be given a code that you can use to redeem on the Bitpanda platform. The strength of the Nimiq payment system can be seen as embodied by all these genesis vs hashflare gpu mining profitability calculator, plus it is focused on ease of use and browser-based approach. The important thing to know is that the project takes an ad hoc approach to research and that research itself does not guarantee results or groundbreaking technological breakthroughs. Xapo is unique among wallets because it stored just Bitcoin, but can also store over different fiat currencies. These will take you off of the site and to the verification provider. Bitpanda is based in Vienna, Austria. Which service you should use really comes down to your own preferences. That said, it also has a fairly low 3. This was due to the transparency of the business as well as their stable track record. The Nimiq Safe is a wallet app that requires no installation whatsoever and has no annoying wait times to download an entire copy of the blockchain. In this Bitpanda review, we will take a look at a relatively established European cryptocurrency exchange. Next Android Bitcoin Wallets: One of the advantages of Bitpanda is their relatively comprehensive list of coins that you can buy with Fiat currency. Bitpanda claims that they have protection in place to prevent the threat of DDoS attacks. We estimate that it bitcoin usa atm how is bitcoin used take around 30 seconds to setup your new NIM wallet. These are also handled on-chain which means that there is less chance of any type of fraud. Bitpanda does not operate an order book based exchange like Bitstamp or Kraken. This could reduce any downtime that could by external actors. If we were to compare this to some of their competitors, Bitstamp only has coverage for 5 cryptocurrency assets for example.
We chose identityTM and they required us to start a video session. However, perhaps the biggest drawback to it is that it is a custodial wallet. This proof-of-stake consensus method has been reported to be able to perform close to the theoretical maximum for a single chain and could be the basis of Nimiq 2. You will need to use an active email address in order to confirm the account. One of those exchanges that is actively increasing their market share for Euro crypto pairs is Coinbase. Gox Saga. This wallet is also pretty secure and has an HD address structure, two factor authentication and biometric identification through your phone. Nimiq is a decentralized and censorship-resistant payment system in which the NIM token is transacted as a transfer and store of value. Electrum is also one of the most well known open source wallets. Basically, any supporter of the GreenBits wallet service can send payments that are received immediately without having to wait for blockchain confirmations. Bitpanda has a range of different Fiat funding and withdrawal options. You are also not allowed to make any purchases with credit cards, SoFort or online web wallets unless you are verified. Blockchain Wallet advertising airdrops in Google Play Store.
One thing to note though, is that this is not an exchange for the advanced trader or technical analyst. In order to buy crypto with the To Go option you have to buy a code from a post office. Unfortunately, the Blockchain wallet is not open source. They are also considering more assets at a later stage. Although they claim to store these in secure locations and vaults, these cannot really be compared to the piece of mind in holding your own keys. In terms of usability, I found this wallet to be one of the most simple to use. This is not enabled by default so you should probably do this the moment that you log in. Given how cost conscious cryptocurrency traders have become, this could be a deciding factor. By offering browser based access, the Nimiq team are providing a truly unique payment solution. These are particularly necessary if Bitpanda is to compete with some of the larger and more established exchanges. Android Bitcoin Wallets: They claim to be cryptocurrency enthusiasts who got the idea to start Coinimal in The author holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. Overview of BitPanda Trading Platform. They were previously called Coinimal before rebranding to Bitpanda in Bitpanda has a pretty standard and flat fee structure. This is something that many exchanges have learned in the past when they stored their coins on hot wallets that have been hacked. Trade to create a potentially disruptive crypto-to-fiat bridge.
It is worth noting that with all of these withdrawal options, you can only withdraw to an account in your name no third party accounts. Verification of Account at Bitpanda. Main User interface of updated Mycelium Wallet. The good news is that you can try it out and some NIM for free. They are also one of the most user friendly exchanges that we have covered recently and they ripple coin reddit litecoin forecast now to be relatively well regarded in the community. All Posts Website. These are also handled on-chain which means that there is less chance of any type of fraud. It seems as if everything is relatively well laid out and you can easily manage your entire account from. Image via Nimiq. For example, everyone will agree that security is paramount. You also have server side entropy with the wallet to ensure maximum randomness. For European traders, there are now lost btc from coinbase to electrum what is paper wallet a few options for a cryptocurrency exchange. What this entails is the exchange taking most of their coins offline and storing them in an environment that cannot be accessed electronically. It also has support in over 21 languages. Nimiq is a decentralized and censorship-resistant payment system in which the NIM token is transacted as a transfer and store of value. This will open up a new screen that will allow you redeem the voucher for a coin in question. In this Bitpanda review, bitcoin two pizzas how to configure cuda miner in windows will take a look at a relatively established European cryptocurrency exchange. Bitpay updated the wallet code and removed that particular vulnerability.
The Blockchain wallet is one of the few wallets on the list that supports more than just Bitcoin. It certainly is popular too, with overdownloads from the Play store. BitPanda Review: MyCelium also works with hardware wallets like the Ledger and Trezor, educating about cryptocurrency ethereum decentralized application design & development download an additional security layer that makes it more difficult for bad actors to get your Bitcoin. Below, you can see two tables pitting Nimiq head to head with both Ethereum and Bitcoin. You do not need to give over anything except for an email. Analysis Review. Bitpanda was founded by three individuals. Electrum is also one of the most well known open source wallets. Anyone adding Nimiq to their watchlist must understand that adafruit bitcoin miner can you buy a house with bitcoin is a long road ahead for Nimiq to live up to their potential and that involves trusting Team Nimiq and their community to execute and scale the payment system successfully. Once we completed this, the agency used their internal algorithms and were able to verify us remotely. In order to make sure that they address your request effectively, make sure you select the appropriate topic area. This trend towards mobile payments has been recognized by Nimiq and is one of the reasons why their browser-based approach could hold significant value and has the potential to encourage wider crypto adoption. Using a mobile wallet for day-to-day transactions is perfectly fin. This will be for all of the cryptocurrencies on their platform. Security is helped by keeping the private keys right on your device. However, such research efforts can be viewed as key to driving the Nimiq ecosystem forward and contributing to the wider cryptocurrency space. They claim to currently have overregistered. Xapo is unique among wallets because it stored just Bitcoin, but can also store over different fiat currencies.
They are also probably one of the most comparable competitors with their standard Coinbase platform. Given how cost conscious cryptocurrency traders have become, this could be a deciding factor. This is similar to the security practices of Coinbase if you have used it before. This wallet is also pretty secure and has an HD address structure, two factor authentication and biometric identification through your phone. You should always make sure that when you are about to log into Bitpanda that you see this green padlock. Here they have a list of frequently asked questions that other users have had. Is the wallet still supported? Next PR: Bitpanda has full SSL encryption on their website.
In terms of technology, the Xapo Android Wallet is lacking in a few key areas. This can be seen with their green browser padlock. Below, you can see two tables pitting Nimiq head to head with both Ethereum and Bitcoin. You can click on a chart that you would like to explore more in depth and it will give you a standard overview. The strength of the Nimiq payment system can be seen as embodied by all these things, plus it is focused on ease of use and browser-based approach. In this Bitpanda review, we will take a look at a relatively established European cryptocurrency exchange. Given how cost conscious cryptocurrency traders have become, this could be a deciding factor. The first is Nimiq with its current proof of work consensus method and Nimiq 2. This provides a potentially revolutionary new way of connecting the crypto exchanges to the traditional banking network. Nimiq was the first browser-based blockchain. Trade exchange to the traditional banking network via WEG Bank. However, the project is still home to a rapidly growing and highly engaged community. This wallet is also pretty secure and has an HD address structure, two factor authentication and biometric identification through your phone. In bitcoin current block number litecoin shape to make sure that they address your request effectively, make sure bitcoin wallet linked prepaid card bitcoin block hex interpreted select the appropriate topic area. Next Getting Your. They then asked us to hold our ID document next to our faces while they recorded the video. The driving force behind this ethos is that Nimiq believes that cryptocurrencies need to coinbase id verification impossible coinbase buy and hold calculator simple enough to use by a typical internet user to encourage wider adoption. While Bitpanda seems like a relatively secure, easy to use exchange with good coin coverage, there are a few things that we thought warranted improvement. In the relatively new world of cryptocurrrency exchanges, this makes it one of the older exchanges in Europe. Nimiq seems to be flying under the radar of many cryptocurrency enthusiasts.
Creating a Nimiq Wallet. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. This is another really important criteria for us. He believes in long-term projects rather than any short term gains, and is a strong believer in the future of blockchain technology and the great social benefit potential of cryptocurrency. The Electrum team understands the extra security needed for mobile wallets, and your seed and private keys never leave your own device. Users can borrow up to their limit and loans must be paid back within 30 days. There are over , installs for the wallet and they have 4. Our Bitpanda review was relatively easy to conduct. If it is entered incorrectly three times the decryption key of the wallet is destroyed and the only way to recover the wallet is by using the word seed phrase. They accept clients from Europe and have a recently revamped trading engine and platform. This is in order to stop the threat from any man in the middle type attacks where someone can get your information. Pro Tip: Traditional payments have seen a meteoric rise in mobile payments. GreenBits uses a word seed phrase when creating the wallet to keep things especially secure, while still giving you the ability to restore your wallet when necessary. Here they have a list of frequently asked questions that other users have had. We are waiting to see how the mobile application turns out so that we can also review it watch this space. Play Store. It also helps if the wallet that you want to use does not require a Phd to use it. They then asked us to hold our ID document next to our faces while they recorded the video. Bitpanda will require you to complete their verification and KYC procedures.
These will depend on what currency you plan on funding your account. Of course, this option is only really for those users who are in Austria. Like many other mobile wallets, the Coinomi wallet generates a word seed phrase during the initial setup. AnalysisReview Tagged in: This took only a few minutes and once we were verified, our funding option became fully enabled on the platform. OTC traders are made because most order books on public exchanges are not liquid enough to fully execute large block trades without an impact on the price. While Coinbase has a much more advanced trading platform in Coinbase Pro, they have less coin coverage than Bitpanda. They were previously called Coinimal before rebranding to Bitpanda in When using a cryptocurrency exchange, one of the most important requirements is the safety of funds. Posted by Editorial Team Editors at large. When it comes to digital payments systems, cant upload id coinbase coinbase to buy steemit need to be aware of best usa crypto currency exchanges ethereum smart contract explained consumer trends. They do not go into too much detail about their security procedures online so we had to reach out to their support. Security is helped by keeping the private keys right on your device. The wallet also supports Ethereum and there are plans to add additional token support.
Xapo Bitcoin Android Wallet. In case a hacker was trying to conduct any form of a phishing attack, this would alert you to a malicious website. Charting overview at BitPanda. This means that the code base has not been verified by the broader crypto community. This could reduce any downtime that could by external actors. This option is also available for withdrawals. While Bitpanda seems like a relatively secure, easy to use exchange with good coin coverage, there are a few things that we thought warranted improvement. Nimiq With Trinkler Software. Bitpanda makes use of zendesk as they outsource their customer support. Whether you want to verify your account will really depend on how much you want to withdraw vs. They claim to store all of their coins in an offline environment in secure cold storage. In this Bitpanda review, we will take a look at a relatively established European cryptocurrency exchange. Once you follow the verification link in the email, your account will be active and you can login. Based on this criteria, below is my list of the top 10 Bitcoin wallets. If you wanted to find out more about Bitpanda plus then you can reach out to them here.
If you wanted to find out more about Bitpanda plus then you can reach out to them here. Given that Bitpanda is a registered Austrian company, we can assume that this information is indeed valid. This is something that many exchanges have learned in the past when they stored their coins on hot wallets that have been hacked. There is little doubt that Nimiq is one of those promising cryptocurrency projects currently going under the radar. If you have the card it means that you can easily load, manage and spend your crypto just as easily as you will swipe a card. Blockchain Wallet advertising airdrops in Google Play Store. Play Store. User Interface of Nimiq Browser Wallet. Blockstream is comprised of a number of the Bitcoin core developers. The driving force behind this ethos is that Nimiq believes that cryptocurrencies need to be simple enough to use by a typical internet user to encourage wider adoption. It certainly is popular too, with over , downloads from the Play store. It is, however, important to note that Nimiq has two different entries. These are Skrill and Neteller. There are a number of barriers that make it hard for mass adoption of cryptocurrency. However, there may be fees that your credit card provider will charge if you do choose to use this. The latest version of the wallet has increased security further by adding two-factor authentication. BitPanda Review: Bitpanda will send a verification email to the email that you have provided. Google Play.
You will need to use an active email address in order to confirm the account. This means that if Nimiq OASIS succeeds, it can be viewed as a wider contribution to the overall cryptocurrency community and infrastructure. If this is in relation to a deposit that you send, there is an option to insert your transaction ID. This was due to the transparency of the business as well as their stable track record. If you are a cryptocurrency platform accepting fiat deposits or a merchant accepting crypto as a payment option, then chances are that you are using a cryptocurrency payment processor to act as a middleman between you and the traditional banking network. Initially released as BitPagos, the Ripio Bitcoin wallet is a fairly new addition to the world of Android Bitcoin wallets. Unfortunately, after hearing about poor experiences on all the exchanges listed above, we cannot endorse any of. This trend towards mobile payments has been recognized by Nimiq and is one of the reasons why their browser-based approach could hold significant value and has the potential coinbase chase sapphire reserve cvn issue ardour cryptocurrency encourage wider crypto adoption. It also has a high 4. If you wanted to find out more about Bitpanda plus then you can reach out to them. Hence, this is unlikely to be a solution for most traders but it is great to know that they offer this currently. Nimiq is serious about pushing the boundaries of blockchain technology, which involves permanent hashing rate sites like hashflare mining pivx gpu mining new and revolutionary ideas. BitPanda Review: Irrespective of the security on an exchange, you as a user, should always make sure that you do not keep a large amount of coins on claymore mining configure just one gpu clock speed on gpu impact hashrate exchange.
Here they have a list of frequently asked questions that other users have. Whatever the case, it is one of the easiest to use Bitcoin wallets for Android out. Always do your own research. When buying from the post office, you will be given a code that you can use to redeem on the Bitpanda platform. Depositing fiat currency on an exchange can be time-consuming, confusing and incur large fees. It is worth noting that with all of these withdrawal options, you can only withdraw to an account in your name no third party accounts. They will charge 1. If you do decide on the ideal wallet for your Android, cryptocurrency golem price altcoin neo to usd make sure that you follow our top dogecoin to us how much is a it to buy a bitcoin for securing your coins. This means that if Nimiq OASIS succeeds, it can be viewed as a wider contribution to the overall cryptocurrency community and infrastructure. When you go to the registration screen you will be asked for details such as your name, email address and country of residence. It is an open source and decentralised payment protocol that was developed with adoption in mind.
You cannot place limit orders or stop losses. In case a hacker was trying to conduct any form of a phishing attack, this would alert you to a malicious website. Firstly, they need to offer users slightly more advanced functionality when it comes to their trading charts and software. There was some backlash from the user community when MyCelium made the decision not to support SegWit , but they have since added support for SegWit, so this is no longer an issue. This is similar to the security practices of Coinbase if you have used it before. Posted by Editorial Team Editors at large. Bitpanda has a range of different Fiat funding and withdrawal options. Coinomi Android Wallet with exchange function. You do not need to give over anything except for an email. GreenBits uses a word seed phrase when creating the wallet to keep things especially secure, while still giving you the ability to restore your wallet when necessary. OTC traders are made because most order books on public exchanges are not liquid enough to fully execute large block trades without an impact on the price. This can be seen with their green browser padlock. Around merchant targets have already been listed publicly in the Nimiq forum. The majority of the risk in using cryptocurrency comes from the user side with poor security practices. Bitpay updated the wallet code and removed that particular vulnerability. Features of the Bitpay Android app. Since then, Bitpanda has grown its team to over 60 members from 21 different countries. The Electrum team understands the extra security needed for mobile wallets, and your seed and private keys never leave your own device. They are usually quite effective at bringing websites down and impacting the business in question. Stage 1:
It is open source, and is also cross-platform, with a Chrome extension that allows you to access the wallet through that browser on any device. In order to buy crypto with the To Go option you have to buy a code from a post office. Once complete, Bitpanda will send the funds directly to your cryptocurrency wallet. Bitpanda has a range of different Fiat funding and withdrawal options. NIM is also not accepted by many merchants right now either. These are also handled on-chain which means that there is less chance of any type of fraud. Additional security comes from a PIN you set when creating the wallet. This is free and will take only a few hours. For example, everyone will agree that security is paramount. MyCelium also works with hardware wallets like the Ledger and Trezor, adding an additional security layer that makes it more difficult for bad actors to get your Bitcoin. In terms of security, this is a non-custodial wallet and you have full control of your private keys. Dedicated Denial of Service DDoS attacks are one of the most common forms of cyber-attacks known today. Choose an Identicon that Suits. They have also been used with great effect on exchanges before such as Bitfinex. That means that value exchange is not seamless and is the key reason why depositing Euros and USD on certain crypto exchanges can come with hefty fees. Bitpanda has a pretty standard and flat fee structure. It is, however, important to note that Nimiq has two different entries. Navigating through the apps numerous features is pretty straightforward and you can view the total wallet portfolio balance on a singular screen.
Nimiq was the first browser-based blockchain. How could this drive forward wider adoption of Nimiq? Although they how much does the price of bitcoins fluctuate can government track bitcoin about in line with Coinbase, they purchase with bitcoin ebay coinbase secure wallet still much higher than exchanges such as Bitstamp and Kraken. This article must not be construed as investment advice. Nimiq OASIS could provide a cheaper alternative and even help expand the range of merchants willing to accept crypto as a payment method. If this is in relation to a deposit that you send, there is an option to insert your transaction ID. Analysis Review. Anyone adding Nimiq to their watchlist must understand that there is a long road ahead for Nimiq to live up to their potential and that involves trusting Team Nimiq and their community to execute and scale the payment system successfully. The Electrum team understands the extra security needed for mobile wallets, and your seed and private keys never leave your own device. They take both Visa and mastercard.
This trend has been enabled by reliable and safe mobile payment infrastructure and has empowered users to enjoy a signficantly more convenient method of payment. There is little doubt that Nimiq is one of those promising cryptocurrency projects currently going under the radar. Nimiq OASIS could provide a cheaper alternative and even help expand the range of merchants willing to accept crypto as a payment method. When it comes to digital payments systems, projects need to be aware of changing consumer trends. Xapo is unique among wallets because it stored just Bitcoin, but can also store over different fiat currencies. This means that the community can appropriately vet the code. There are quite a few exchanges which are opening similar services. It also helps if the wallet that you want to use does not require a Phd to use it. Gox Saga. Is the wallet still supported?