HitBTC is Launching Its Brand-New Wallet App for Easy Cryptocurrency Management

One of the most established cryptocurrency trading platforms, HitBTC, debuted a wallet software earlier this month that was designed specifically for consumers who had little or no prior expertise with digital assets. HitBTC wallet provides for the storing, purchasing, trading, sending, and receiving of over 500 different coins, and it meets all of the fundamental requirements of new investors as well.

Creating an account on the official app, which can be found in the App Store and Google Play, will only take a few minutes.

HitBTC hopes that by offering its user-friendly wallet software, it would make it easier for people who aren’t comfortable using a full-featured trading platform to get started with cryptocurrency. The app’s streamlined feature, on the other hand, allows more experienced users to take advantage of it by integrating their wallet app with their HitBTC trading account.

The Functions of the HitBTC Wallet

On-ramp technology is included within the app, allowing those who use prominent payment methods like Visa, Mastercard, Apple Pay, and Samsung Pay to purchase a variety of coins right from their mobile device. Users must first pass through an automated identification verification procedure and enter their payment information before they may purchase digital assets. Providers of attractive exchange rates, according to the wallet’s founders, are one of their key goals.

Additionally, users can rapidly swap a variety of tokens and coins straight within their wallet application.

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), Binance (BNB), Bitcoin SV (BSV), Stellar (XLM), Dash (DASH), Zcash (ZEC), Ethereum Classic (ETC), Tron (TRX), and over 500 other assets are among the cryptocurrencies supported.

When it comes to transmitting crypto to external addresses, QR-codes and ordinary email addresses are both acceptable options. The wallet will soon be enhanced with the option to create friends lists and select the recipient without having to enter the complete address every time you make a financial transaction.

Another feature that will be available shortly is a universal QR code, which can be used to receive any coin; the exchange from one coin to another will be handled automatically by the system.

Current market trends and important news are displayed in each wallet’s area, allowing users to stay on top of the current situation and potential price changes while diversifying their portfolio in accordance with the information provided.

An Approach Focused on Security First

It is important to note that HitBTC is a custodial wallet, which means that it has complete custody of the assets and is responsible for their safekeeping, including regaining access to the account in the event of the mobile device’s loss or damage. Customers who use the wallet may keep track of their account balance and view the specifics of each transaction in the transaction history area.

User accounts are safeguarded by a PIN code, two-factor authentication, biometry, and facial ID. Additionally, users can govern access from other devices, providing them with a higher level of control.

Peter Swen, the HitBTC wallet’s chief marketing officer, is confident that the new software will meet the demands of a huge number of consumers who have been hesitant to enter the cryptocurrency area owing to the perceived complexity of the space. “Although there is no shortage of cryptocurrency wallets on the market, only a handful of them provide an easy method of purchasing digital assets. ” Peter Swen explains that “we’ve developed our wallet mainly for newbies, in an attempt to demonstrate that anyone can have a nice experience purchasing their first coin, and that they can do it with the least amount of fees.”

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Evangeline Christina is a Cyber Security Enthusiast, Security Blogger, Technical Editor, Certified Ethical Hacker, Author at Cyberspecial.net. Previously, he worked as a security news reporter in a reputed news agency.