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ImToken Wallet Review

7.3

Secure Wallet

7.5/10

Easy To USe

7.0/10

Support

7.5/10

Pros

  • 24/7 Support
  • Hierarchical Deterministic

Cons

  • Open Source
  • 2 Factor Authentication
  • Multi-Signature

About The Imtoken Wallet

ImToken is the world’s largest Ethereum digital asset wallet. 10% of the entire Ethereum transactions in the world, are carried out by users of ImToken Wallet. ImToken is one of the world’s most popular cryptocurrency wallets. Why? A whole lot of people choose this wallet because it has one of the most easiest and simplest user interface and it ensures total security of your digital assets.

Since its inception, there has been no incidence of cyber hack or stolen wallets and that has been a major factor why They and so many others chose this wallet. ImToken Wallet is a mobile application built by ConsenLabs to store and manage crypto tokens/coins. It has one of the simplest user interface among all crypto wallets. It is highly recommended for newbies in the Cryptocurrency world

Imtoken wallet Key Details

KeyDetails
Vendor Name Imtoken
Supported Currency ETH, ERC 20,BTC, EOS
Wallet Features Hierarchical Deterministic
Platforms (Android ) (iOS)
Validation Type Centralized
Ease of UseAverage
Anonymity Medium
Email Support[email protected]
Listed At Altwow 07/08/2020
Official Wallet Website https://token.im/#

Features of Token.im

  • Digital asset management: Local secure storage for private key is available with all digital assets clear at a glance. Even though they support multiple types of digital wallets, they have made the creation, import and export process easy and fast.
  • One Click adding: One click addition of digital assets is given at the user’s fingertips. They even have the liberty of real-time tracking of transaction progress. A user can watch changes in account balance too in real time.
  • Watch Markets: A user can view various exchanges on the screen effortlessly. Price notification feature is available which enables the users to never miss out on any investment opportunity. They even have a built in exchange service.
  • Embed DApps: 3rd Party DApps can be embedded onto the platform for interaction. Push notification for market news and technology progress is given to keep in touch with the latest happenings of the market. It provides you with multidimensional data to discover investment opportunity.
  • Enhanced security: Due to the decreased confidence in asset security and affected perception on cryptocurrency because of reports of hacks and security reports, they took actions to improve its trustworthiness by hiring Blue, a world renowned internet security expert as their lead expert in product security team.

Security and Safety

Biometrics support is excellent. imToken allows securing both the app as a whole with a fingerprint and face ID, and also lets users replace individual wallet passwords with biometrics.

The app is closed source, so the safety of your keys is based on the imToken team’s word – there is no way to tell if your phrase or private key really only stay on the device without a thorough security audit.

Multi-account support

imToken lets users import via phrase, key, and keystore as well as offering a watch-only mode. That last one needs work as it’s confusing and buggy. During import via phrase, imToken will ask the user for the derivation path, allowing for two default presets and a custom one which is fully editable by the user. In order to add wallets on different derivation paths, the user must repeat the import process and supply a different path – the app will not auto-scan paths to any depth.

Switching identities is quick and easy – all it takes is a tap in the left sidebar when summoned. There is no way to log out of the application and clear your accounts to start over. What ever you’ve imported is there and the only way to get a completely new account going with nothing added is to fully clear the app’s data.

imToken Features & Fees

Speaking of coin support, a best-seller point of the imToken wallet are the ERC-20 and ERC-721 collectible tokens. The last-mentioned are considered rarely supported by a mobile app. There are multiple security enhancements to read on and also some anonymity extras. What’s interesting here is the Token Swap option and built-in exchange inside the wallet’s interface.

Updated ImToken Wallet 2.0

ImToken Wallet was strictly an Ethereum wallet. With the adoption and usage of the mobile application by millions of users worldwide, there was the need for the Wallet to support not only Ethereum tokens/coins but also BTC, COSMOS and EOS tokens/coins. But that was not the only reason for the upgrade. Let me give you guys three of the most important features added to the updated version of ImToken Wallet.

imToken – Bitcoin & Ethereum Wallet

imToken is a feature-rich digital wallet to securely manage BTC, ETH, ATOM, EOS, TRX, CKB, BCH, LTC, and other digital assets. It enables decentralized value exchange and DApp browsing in one place.

Download imToken Wallet

How To Secure Your Imtoken Wallet?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Imtoken Wallet. And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your CoinPayments Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The Kriptomat Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Imtoken Wallet

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like [email protected] Instead Of The Present [email protected] These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A Imtoken Wallet Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

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