Qbao Network Wallet Review – The Entrance to The Blockchain World

QbaoNetwork is a smart multi-cryptocurrency wallet available on Android and iOs. It aims to build the blockchain ecologic platform and to create the entrance to the blockchain world. Qbao will support mobile, PC, browser plug-ins, and other platforms in the future. Here we first provide the mobile version for downloading.

Qbao Network is a new generation of a cryptocurrency service networks with wallets as the core. The vision of Qbao Network is to become a service platform for encrypted currency, provide technical and service support for the encrypted currency field, promote and apply blockchain technology to a wider range of traditional fields, and empower the real economy.

What Is Qbao Network Wallet

Qbao Network Wallet aims to create an ecological platform based on blockchain technology to provide global users with an entrance to the world of blockchain, and to meet people’s needs for all aspects of digital currency life in a one-stop shop. Qbao Network currently supports 7 languages ​​and has more than 5 million registered users worldwide.

Qbao Network Supports multiple public chains of Bitcoin, Ethereum, Quantum, EOS and Cosmos, and Polkadot’s test network Kusama. Qbao Network has developed a series of financial attribute functions based on the wallet, including digital asset management, digital asset trading, digital currency payment, etc., to facilitate users to better maintain and increase the value of digital assets. In the future, Qbao Network will support more public chains including the Polkadot mainnet, and continue to improve more functions.

CoQbao Network Wallet Key Details

How To Install Qbao Network Wallet?

Six core functions of Qbao Network

Safe storage

As a digital currency wallet, Qbao Network puts the security of users’ digital assets as the first priority. Adopt a variety of encryption algorithms to provide the strongest protection for customers’ digital assets. Qbao Network’s encryption methods include symmetric encryption, asymmetric encryption, irreversible encryption, triple data encryption and white box encryption, which provide better protection for user asset security.

Cross-chain multi-currency

Qbao Network supports multiple public chains of Bitcoin, Ethereum, Quantum, EOS and Cosmos, as well as Polkadot’s test network Kusama, and is committed to the research on the cutting-edge technology of blockchain. In the future, it will support more public chains such as Polkadot and Grin. The digital ecology of Qbao Network.

Digital currency transaction

Qbao Network Wallet integrates two exchange modes: decentralized and centralized. On the one hand, Qbao Network cooperates with Loopring, Kyber Network and other projects that study the underlying protocol of decentralized transactions to establish a decentralized exchange; on the other hand, Qbao Network has created its own exclusive exchange and launched a number of mainstream tokens Trading pair. Provide users with a convenient trading experience.

How To Secure Your Qbao Network Wallet?

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

Step 3 : Create A Strong Password For Your Qbao Network 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 Support@xy-z.com Instead Of The Present Support@xyz.com. 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 Qbao Network 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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