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Friday, September 30, 2022

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

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About Simplehold Wallet

SimpleHold Wallet is a light wallet that was created by the team with a main focus on safety and usability. It supports Bitcoin, Ethereum, and many other cryptocurrencies. The wallet is free from sign-up and there is no need to provide with private data, customers have full control over their savings. Furthermore, you can always move to They from any other wallet by importing private keys.

Launched in February 2021, SimpleHold operates under the legal name of ‘SimpleSwap Ltd, Trust Company Complex’. It is a decentralized wallet and does not have a physical office as such. However, the Terms of Service on their website states that the user agreement will be governed as per the laws of England and Wales.

The wallet has partnered with the crypto exchange platform SimpleSwap.io. Through this portal, SimpleHold users can gain access to more than 300 crypto and fiat currencies. The company has also partnered with Nuls and Digibyte. Nuls is an open-source blockchain project driven by microservices. And Digibyte is a decentralized internet blockchain service that allows users to design decentralized apps or dApps.

Lunie Key Details

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

How To Install SimpleHold Wallet ?

Step 1

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

Step 2

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

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 .

Step 4

Many Wallet Offer Private Key Features. If Blue 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.

Step 5

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

How it works

SimpleHold Wallet is a non-custodial (light) wallet for crypto. Let’s see how easy it is to use the wallet!

Create a new wallet

Or you can restore your wallet with a backup file. Choose the necessary option on the SimpleHold welcome screen.

Encrypt your private keys

They use AES to keep your private keys safe. You still have access to your keys without extension, just use backup tool for decryption.

And save it on your computer

Private data isn’t sent to servers or anywhere. It never leaves your device and is stored in browser Local Storage encrypted only.

Keep it safe

Both a password and a backup file should be stored safely. Don’t share them with anyone and make sure you have access once you need.

What Coins Does SimpleHold Wallet Support?

SimpleHold Wallet supports many of the frequently traded coins on Binance or Ethereum blockchains. Cryptos like Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, DASH, Ethereum, Ethereum Classic, Binance Coin, Cardano, Polygon (MATIC), Solana, Toncoin, Ripple etc are available here. On the date of writing this review (3 February 2022), it supported 29 cryptocurrencies and 76 tokens.

Is SimpleHold Wallet Easy to Use?

Yes. They believe that SimpleHold is easy to use for individuals, businesses, professionals like crypto project managers, veteran crypto traders, HODLers as well as newbie crypto enthusiasts.

Secure Crypto Wallet & your pass to Crypto Universe

Store, Send, Receive and Swap over 50+ cryptocurrencies. Collect & Store NFTs. Crypto Universe in crossplatform multi-currency wallet!

Secure

AES-encrypted backups guarantee safety of your private keys

Transparent

Check open source code at GitHub

Private

They don’t have access to your keys, addresses or transactions.

Light

Only you can manage your crypto, no third-parties

Simple to send

SimpleHold Wallet You don’t need to open different apps and copy the address from there. Now you can send crypto just with one click!

Simple to receive

Easily share your public address using built-in address substitution.

Store your NFTs

Safely store and easily view all of your NFTs right in your Wallet

Supports hardware wallets

They offer support for hardware wallets including any Ledger or Trezor models!

Is SimpleHold Wallet Safe?

Safety is another key point at the core of SimpleHold’s application design. It is a non-custodial wallet and the user has complete control over their secret keys. A backup of these secret keys is encrypted and stored on your browser. No private or personal data is sent to SimpleHold servers.

It also uses a passcode to lock your screen and protect users against unauthorized access. Even though this passcode does not decrypt a user’s private keys, it can be instrumental in safeguarding your account balance and public addresses.

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