Search Inside Bitcoins Wallet Review – Fees, Pros, Cons and Features, which currently goes by the name, is an online wallet with ShapeShift integration. It lets users buy, sell and store digital assets.
We do not suggest using It is a good wallet but not the best one. There is another wallet that we recommend more.

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. wallet is among the oldest and most popular crypto wallets of all time. Over the years, it has built a solid reputation and offered a seamless service to users all over the globe. But is it the ideal solution for your crypto needs?

After taking an in-depth look of the wallet, we have figure out if it is not the most secure option out there. Thus, we would not recommend it. 

To help you get a safe crypto wallet, we have mentioned below a safe crypto wallet you can try.

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    eToro - Top Exchange Wallet

    Our Rating

    eToro exchange
    • Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
    • Automatic Staking of ETH, ADA or TRX in your Wallet
    • Regulated by FCA, ASIC and CySEC - Millions of Users
    • Unlosable Private Key - Secure eToro Recovery Service
    eToro exchange
    Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

    Is the Wallet Recommended?

    As one of the most popular wallets, has some good features to its name. However, we would not recommend it as the safest option for you. Like most other wallets in the cryptocurrency sphere, it is not regulated. The eToro wallet is, in fact, one of the few exceptions in this regard as it is fully regulated in all the jurisdictions where it operates. As such, it is among the few wallets we would confidently recommend as a safe crypto wallet solution (check out our eToro review).

    If you still have doubts as to what the best service for storing your cryptos is, you can compare the best Bitcoin wallets here.

    What is Wallet?

    Let us get started by finding out, what is wallet?, which currently goes by the name, is one of the oldest and most popular crypto wallets. It is an online wallet with ShapeShift integration, which lets users buy, sell and store digital assets.

    The wallet came into existence in August 2011 and currently has more than 38 million wallets on its platform and operates in over 140 countries. Its founders are Peter Smith and Nicolas Cary and it is incorporated in Luxembourg.

    Unlike other wallets, is a resource base where users can get information about Bitcoin and its blockchain network performance. Over the past decade, the platform has had two rounds of funding from key players in Silicon Valley and beyond, extending its international capabilities. Wallet Compatibility wallet is compatible with the following platforms:

    • Web browsers
    • Android
    • iOS

    What wallet type is

    • Hot wallet
    • Web-based
    • Mobile app wallet
    • Multi-currency

    What cryptocurrencies does the wallet support?

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Bitcoin Cash (BCH)
    • Stellar (XLM)
    • USD PAX (PAX)

    What fees does wallet have?

    There are no wallet fees for using the service. However, users have to pay the relevant network fees that go to miners for transaction confirmation.

    How to open your Wallet account

    Let us now learn how to open wallet:

    • Step 1: Users can access the wallet on web or mobile platforms. To create a web wallet, go to and click “Create Your Wallet.”

    If you prefer the mobile option, download the software from Google Play or Apple Playstore.

    • Step 2: Fill in the required details on the form that appears. These include an email address and a password for your wallet. Click “Continue” after you accept the Terms of Service.
    • Step 3: Verify your email and write down your wallet ID. You will need it to log in to your wallet

    That’s how to create a wallet on! Your wallet is now ready to use.

    How do I add cryptocurrencies to Wallet?

    Next, let’s take a look at how to add currency to Did you know you can buy Bitcoin with Paypal directly on your wallet? Here’s how to do that:

    • Step 1: Launch your wallet and click “Buy Bitcoin”
    • Step 2: Link your bank account, complete identity verification and buy the amount you want to add to your wallet

    That is how to transfer from your Bitcoin Account to wallet. We will learn how to transfer Ethereum to your wallet in the “receiving currency” section. But since it does not support Ripple, we will not look at how to transfer Ripple to wallet.

    How to send payments on wallet?

    Now that we have funded the wallet, let us learn how to send payments on

    • Step 1: On your wallet dashboard, click “Send”
    • Step 2: Select the currency you want to send and enter your recipient’s wallet address

    Enter the amount you want to pay in local currency or cryptocurrency. The wallet’s automatic converter will display the total in both currencies.

    You can also enter an optional description and customize the fee according to the time you want the transaction to take

    • Step 3: Click “Continue” and to finish the transaction

    How do I receive payments on wallet?

    To receive funds on, here is what you need to do:

    • Step 1: Launch your wallet and on the dashboard, click “Request”
    • Step 2: Select the currency you want to receive

    At this point you will see your wallet address and its QR code equivalent. Copy and send it to your counterparty

    Afterwards, enter the amount you want to receive and a description for the transaction then press “Next”

    • Step 5: On the transaction confirmation screen click “Copy Link” and send it to your counterparty

    How safe is Wallet?

    Related image

    Here are some of the top safety features:

    Email Notifications

    Verified email addresses on the wallet are used to verify logins and send payment notifications. And if you ever login to your account using a different device or IP address, you will need to verify the login via email. These features make it easy to take not of suspicious activity on your wallet.

    Two-Factor Authentication (2FA)

    During login, you will need the wallet password and a One-Time Password (OTP) which is generated through Google Authenticator or another chosen method.

    Hierarchical Deterministic Algorithm

    In 2016, updated its wallet to make it hierarchical deterministic, meaning that it generates a new key for every transaction. By virtue of this feature, malicious entities cannot track transactions down to an individual user’s wallet.

    Open Source

    The code for wallet is open source, making it possible for anyone to audit the code and discover bugs.

    Double Password

    Wallet users can set a primary password for accessing the account and a second one that you will be asked before spending funds.

    IP Restriction

    You can restrict the IP addresses allowed to access your account, only allowing logins from the addresses on your whitelist.

    Private Key Storage

    The user has full control of their private key wallet. It is not stored on the operator’s servers and cannot therefore be compromised in case of a server attack. has gone the extra mile in ensuring the safety of its users’ funds. It has implemented noteworthy security measures to prevent potential losses. However, it is not a regulated platform. As such, it cannot be said to be completely secure. Wallet Pros and Cons


    • Simple, user-friendly design
    • Displays balances in cryptocurrency and local fiat currency
    • Users can buy and sell currencies directly on the platform
    • Accessible on the go via the mobile app


    • As a hot (online) wallet, it is vulnerable to attacks
    • Not regulated
    • Requires identity verification for certain processes, which is cumbersome to some users
    • Supports few cryptocurrencies
    • Widespread reports of poor customer service Wallet vs. other wallets – how does it compare?

    eToro Commits To Better Future Growth with Delta wallet vs. eToro

    • Regulation is an unregulated wallet whereas eToro is regulated by more than one trusted agency. That makes eToro much more reliable than any other unregulated wallet because it has to abide by strict rules imposed by these agencies, that have to do with transparency, security, costs and much more.

    • Security

    In general, we consider eToro to be a much safer wallet than Part of the reason why eToro is so well-reputed is that it has never been involved in hacking scandals and has always made clear efforts to keep the software up-to-date in terms of security measures adopted. We consider it the best choice if safety is what you are looking for in a wallet. wallet vs. Electrum

    • Versatility is accessible on both web and mobile platforms and supports a number of currencies. Though Electrum only supports Bitcoin, it is accessible on desktop and mobile platforms. It also offers cold storage facilities.

    • Ease of Use

    In spite of having advanced features, is one of the easiest wallets to use. The interface is intuitive and the FAQ section of the site, comprehensive. Electrum has a rather long setup procedure and is not the easiest to use for beginners. wallet vs. Omni

    • Features is more feature-rich than Omni wallet. While the latter only supports Bitcoin, the former supports a number of additional coins.

    • Safety is much safer than Omni wallet. Omni stores its users’ private keys while does not. also has a lot more security features than Omni which is lacking in HD algorithms and other crucial features.


    A comparative look at the above wallets reveals that eToro is one of the best wallets out there. In addition to supporting a wide array of features, it is also one of the safest wallets because it is regulated. This means that users can trade with peace of mind knowing that the platform adheres to strict security measures as required by regulators.

    eToro - Top Exchange Wallet

    Our Rating

    eToro exchange
    • Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
    • Automatic Staking of ETH, ADA or TRX in your Wallet
    • Regulated by FCA, ASIC and CySEC - Millions of Users
    • Unlosable Private Key - Secure eToro Recovery Service
    eToro exchange
    Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.


    Where can I download Wallet?

    You can download the mobile versions of the wallet from Google Playstore or Apple AppStore.

    My wallet froze; what should I do?

    One solution is to delete the app and recreate your wallet afresh using the recovery phrase. Before you start, make sure you have your recovery phrase.

    How do I reset my password?

    At present, you cannot change your password.

    Is it necessary to verify email on wallet?

    Yes. Email verification enhances your wallet’s security. Once you have verified your email, it will be used for authorizing logins, notifying you of wallet updates and sending payment notifications. And anytime you use a different IP to login to your account, you will need to verify the login using a verification email sent to your address.

    How do I enable 2FA on

    To set up 2FA, launch your wallet and click Security Center>Two-Step Verification>Enable, then select the preferred method.

    How do I make a wallet backup?

    Having a backup of your wallet will allow you to recover funds if you ever lose access to the wallet. To create a backup, click “Print Recovery Sheet” and then select “Backup Funds.” When your recovery phrase appears, write it down and then click “Finish and Verify.” Confirm the phrase and store it securely.

    How often should I back up my wallet?

    You should only back up your wallet once when you first create it. With the recovery phrase, you can restore funds anytime you lose access to the wallet.

    What is my wallet identifier?

    It is comparable to a user name in that you need it to log in to your account. You will get it when you verify your email address during the initial setup.

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