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RE: Content Removed

in Project HOPE4 years ago

As mentioned previously one of the key benefits of using the WAX platform is that the WAX cloud wallet (WCW) has one of the easiest onboarding mechanisms around for a crypto wallet. You can simply sign up with either an email address or you can log in via another account (google for example) and in just a couple of clicks you're into the platform and ready to go. This however, can be a bit of a double edged sword so it is important to understand the risks with this type of wallet.

Undoubtedly, I find this to be a very serious problem, because since one does not have the keys, he does not own the coins, and I particularly have many concerns regarding security, in addition to Other things like these platforms do not allow me to create an account because the Android application does not come out yet. I have had to opt for other wallets that I don't trust very much.

For now I think the solution to this problem is to create fairly strong keys and maybe use a key manager that provides a lot of security and is recognized.

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Yes I agree, for now if you use WCW enable 2FA and add a very strong password that isn't used for anything else. Alternatively just use the desktop version with a hardware wallet like ledger to save the keys more securely.