Financial privacy is a priority at the moment. Given how the central banks keep track of each and every transaction at the moment, more and more people are considering decentralized currency at the moment. However, if you are using cryptocurrencies like Bitcoin, Ethereum and others, you also need to have the correct medium to store it. Enter Bitamp.
Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin instantly on the blockchain and all this while remaining in complete control of your seed and private keys.
When the user logs in, sends, or receives Bitcoins using Bitamp, everything happens locally in your browser. The users’ seed and private keys are never transmitted, received, or stored. No personal information is required to use their service.
Here are some of the features that stand out in Bitamp
Anonymity/privacy is Bitamp’s top priority as mentioned earlier. The private key, IP address, browser details, literally nothing is secretly stored, unlike many other platforms. Neither does Bitmap ask for users’ email addresses or personal information while letting them use the service. Additionally, a user can access his/her account from home, VPN or TOR.
- Instant transaction
With Bitamp, you can directly connect to the Bitcoin blockchain in your browser. Transactions are sent instantly at one command. Transactions might typically take up to 10 minutes.
- Worldwide transactions
Unlike fiat currency, Bitcoin doesn’t have borders. You can send and receive BTC from anywhere on the planet without any restrictions. Furthermore, they cost you less, and it is still a wonder why not many are not taking to Bitcoin transactions.
- Everything’s under your control
Although there are so many advantages, there’s one glitch here. If you lose your private keys, you might not get it back as it is not stored anywhere. In fact, a recent survey in Sweden had revealed that many Bitcoiners store their coins in cold storage and write down their private keys on a piece of paper. So, a piece of advice while using wallets would be to remember the pin and keep it out of reach to everyone but you.
Bitamp also takes care of its customers really well. This customer service protocol might give rise to a few concerns as many consumer-facing apps collect user information. However, you do not have to worry about that with Bitamp. Although the company is open source, the team seeks to provide basic support to users who may face challenges in accessing the product, there is no user-information collected or stored. Given how many centralized exchanges are vulnerable to hacks, if you are a beginner and are looking to start with wallets, Bitamp is the place to be.
Unlike some wallets, Bitamp can be accessed on any device. Bitamp wallet makes sure that its users are in complete control of their funds, private keys, and even privacy.
Thus, transparency, security, and privacy can be considered as the three pillars of Bitamp….