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Paytomat Wallet Review

7.3

Secure Wallet

8.0/10

Easy To Setup

6.5/10

Support

7.5/10

Pros

  • Hierarchical Deterministic
  • Multi-Signature

Cons

  • Open Source
  • 2 Factor Authentication

Paytomat Wallet integrates with a number of established PoS systems, enabling merchants to add cryptocurrency support using their existing hardware. Upon upgrading their software to incorporate digital currency, the only visual difference the merchant will see is the addition of a button marked “Crypto” that appears on the payment terminal, alongside the “Card” and “Cash” buttons. When a customer pays for goods using cryptocurrency, a QR code is added to the check, which the customer scans before transferring the amount to the merchant’s wallet.

What Is Paytomat Wallet

Paytomat Wallet is an infrastructure platform enabling the utilization of cryptocurrencies in lifestyle. a group of Paytomat solutions opens the chances of the decentralized world to the wide masses, increasing speed and enabling instant payments in multiple cryptocurrencies. Paytomat partnered with one of the most important POS provider NCR Colibri and is integrated with R-Keeper. it means quite 400.000 merchants in 33 countries can accept crypto.

Paytomat Wallet while Customers can use any app to pay the Merchants, there is a wallet app specifically designed to make crypto payments via the Paytomat system quicker and easier. Paytomat Wallet is non-custodian with the highest levels of security for iOs and Android. It’s the only wallet that supports ERC-20, EOS, NEM, and BEP2 tokens.

Paytomat Wallet Key Details

KeyDetails
Vendor Name Paytomat Wallet
Supported Currency 3
Wallet Features Open Source,2 Factor Authentication
Platforms (WEB)
Validation Type Centralized
Ease of UseEasy
Anonymity Medium
Wallet HQ LocationKemp House, 160 City Road, London, United Kingdom, EC1V 2NX
Listed At Altwow 28/07/2020
Official Wallet Website Click Here To Visit Wallet Website

How To Install Paytomat Wallet ?

Paytomat Wallet Step 1

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

Paytomat Step 2

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

Paytomat 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 .

Paytomat Step 4

Many Wallet Offer Private Key Features. If Kriptomat 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.

Paytomat Step 5

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

Paytomat Wallet: Bitcoin, Ethereum, EOS, tokens

Paytomat Wallet brings financial services that modern customers eager. From exchanging your assets, to trading BEP-2 tokens or accessing dApps and games, we cover all of your wants and needs in one single app

Safe and secure

The wallet is non-custodial, meaning the private keys never leave the secure storage of your phone. Remember it’s crucial to have a backup of your seed (the 24 words you are given at install) somewhere safe. Until you have them you can restore your funds on any blockchain and using any wallet. Access DApps and games catalogue directly within the wallet – use your EOS account to open the world of decentralized apps.

Transfer crypto to fiat

In supported countries, you can access third-party services that will let you sell crypto for fiat instantly and transfer directly to your card.

ERC20 tokens

You can easily add to your wallet and use any of the ERC20 tokens including the most popular like OMG, MKR, ZRX, BAT, REP, GNT, ICX.

EOS account management and EOS tokens

Using just Paytomat wallet, you can easily open an EOS account paying in any main currency supported by Paytomat wallet, and manage its resources: RAM, CPU, NET. Same goes for EOS tokens – add them and manage as another currency in the list – projects like CET, DICE, Karma, EOSDAC, Everipedia, Horus etc.

Transparency

Paytomat Core smart contract code will be open for review by third parRes. Also all data stored by the smart contract can be accessed and reviewed.

Pseudonymity:

All participants in the transaction are operating under aliases, so no personal information will be revealed to the public. Of course, we are required to do some degree of KYC (depending on
Merchant jurisdiction), however, this information will stay off the Core.

Security:

Security is supported by the blockchain itself – all acRons are signed, confirmed transactions are almost impossible to alter, etc. This is further supported by the fact that Paytomat Core will run on the main EOS chain, so the security will be guaranteed by the whole EOS ecosystem.

How To Secure Your Paytomat Wallet?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Paytomat 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 Token Pocket 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 Paytomat Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Paytomat 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 Paytomat 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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