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Tuesday, March 19, 2024

Bluewallet Wallet Review: Is It Is Safe Wallet Or Not?

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About Bluewallet

BlueWallet, founded in 2017, is a free opensource Bitcoin wallet exclusively for iOS. It has a flexible fee system where the user can choose which amount to pay (starting from 1 Satoshi) and it will affect the transaction speed, the more the fee value, the fastest the transaction.

The Blue Wallet is one of the best mobile wallets for users who want to store their bitcoin while having quick access to their funds. Learn about all of Blue Wallet features and how to store Bitcoin. This review also touches on BlueWallet’s Lightning Network integration.

BlueWallet is a free opensource Bitcoin wallet exclusively for iOS. It has a flexible fee system where the user can choose which amount to pay (starting from 1 Satoshi) and it will affect the transaction speed, the more the fee value, the fastest the transaction.

BlueWallet Key Details

KeyDetails
Vendor Name BlueWallet
Platforms (Android ) (iOS) (Web)
Validation Type Centralized
Ease of UseEasy
Anonymity High
Email SupportN/A
Listed At Altwow 08/08/2022
Official Wallet Website Click Here To Visit Wallet Website

How To Install Blue Wallet Wallet ?

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Step 1

First Download Keystone Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Keystone Website.

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Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

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Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

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Step 4

Many Wallet Offer Private Key Features. If Keystone Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

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Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

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Bluewallet Country support

Like most non-custodial wallets, BlueWallet is available in almost every country (as long as the app stores permit it). BlueWallet caters to a global audience. In addition to English, it supports more than 20 languages, including Chinese, Japanese, Portuguese, Spanish, Indonesian, Russian, Ukranian, Italian, German, Swedish, Norwegian, French, Danish and Turkish. Moreover, it allows users to display the value of their bitcoin holdings in over 20 currencies, including USD, AUD, BRL, CAD, CHF, CZK, CNY, EUR, GDP, HRK, INR, JPY, MXN, MYR, or RUB.

Bitcoin Wallet

BlueWallet supports various Bitcoin wallet implementations, BIPs and different integrations with external services. You can easily import any wallet with our wallet recovery and import feature.

Native Segwit

Native Segwit addresses wallet are the latest in terms of technology that allow you to save up to 40% in fees.

BRD/Bread

Bread wallet has a custom wallet format, usually not supported by other wallets. They made sure we have that available in case you want to import your bread wallet.

Watch-only

The Watch-only wallet, as the name suggests is a wallet that allows you to keep an eye on your balance and receive transactions without touching your private key.

Native Segwit

Native Segwit addresses wallet are the latest in terms of technology that allow you to save up to 40% in fees.

Create wallets

The create wallet options allows you to add wallet by simply choosing the type you want. The Bitcoin wallet (a multi address HD and segwit) is the default recommended one.

Import wallets

Bluewallet provides a “magic form” where you can try to import and recover whatever you got. It will do its best to understand the format and import your wallet into your BlueWallet app.

BlueWallet Security

Secure private key / recover with seed

They mentioned the recovery seed in the on-boarding section. The wallet uses the popular 24-words mnemonic recovery seed. You never have to worry about saving the private key of each individual public address your wallet generates. In fact, you don’t even see them, the private keys are encrypted on your device and are only accessed when signing a transaction. The mnemonic recovery seed is all you need to recover your funds in case you lose your phone or forget your wallet PIN.

Biometrics and Encryption

The wallet lets users activate biometrics to unlock, delete and export a wallet or to sign a transaction. In addition, BlueWallet also has a feature to encrypt your wallets with an additional password. Note that in case you encrypt the wallet with a password, the biometrics will not be enough to unencrypt it as it is believed to be less secure than the password. You will notice BlueWallet does not support 2FA and we hope they do in the future.

Technical Support

Although not directly tied to the wallet functionalities, support is an important part of the user experience. A reactive and helpful support might be the difference between a good and a great wallet.

During this review, Cryptotesters got in touch with the BlueWallet support team to enquire some additional information on features of the wallets. They don’t offer real-time chat , but the team always responded within a day and provided all the information in a clear way.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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