Storing and trading cryptocurrencies in a secure way is without a doubt the top priority for cryptocurrency users worldwide. Everyone wants to make sure that their coins are safe. But safety alone is not enough anymore. More and more users want their wallets to be as comfortably accessible and as flexible as possible. Thus various kinds of wallets have been created, culminating in SkyWallet, the most user-friendly wallet on the market. Storing and sending X12 coins for example has never been easier than it is now.
How do cloud wallets work?
Cloud wallets are wallets that are stored in the cloud and can be accessed from any technical device, thus being the most carefree wallet to store your cryptocurrencies.SkyWallet is a cloud wallet that is very simple and easy to use, even easier than online banking, which, for example, needs much longer for your transactions on average. With SkyWallet you are always able to keep track of your coins since it is constantly synchronized with the network and gives you access to your transactions immediately.
Additionally, it enables you to send coins in an instant (if you are using the “hot” wallet). Say, you want to send some money to a friend or family member or you want to buy something online, just use your SkyWallet and the money will be transferred immediately. One truly unique feature of SkyWallet is the fact that you only need an email address to send and receive coins from one SkyWallet to another. No complicated numbers, public addresses, or other information is necessary to carry out this transaction.
Is SkyWallet secure?
Some people might worry because they inherently distrust the cloud, especially when it comes to their hard-earned money. But SkyWallet manages to provide an extremely high level of security to its users by scrambling private keys and passwords in a way that nobody, except for the users themselves, can access their coins. Not even the SkyWallet developers themselves know your private keys. They are not stored. Only a so-called “hash” (a combination) of the password and the private keys are stored. Even if this gets stolen by a hacker, he or she cannot access your coins.
It is safe to say that SkyWallet gives you a highly anticipated freedom in dealing with cryptocurrencies like X12 without having to worry about the safety of your investment. This level of security makes SkyWallet as secure as having a wallet software installed on your computer and more secure than online banking, because we cannot access your coins, your bank can always freeze your account.
SkyWallet is developed by a part of the core X12 developer team. The engineers saw that many people had issues with the existing downloadable wallets because they are not synchronized with the network while the computer is turned off. This makes it impossible to “just log in and send coins”. Users were forced to wait for a long time until the blockchain synchronized again.
The solution was to develop a truly secure and user friendly web wallet. Since the wallet “lives” in the cloud, they called it SkyWallet. Users love it and the team keeps increasing the number of features, recently adding a mobile wallet and supporting also Bitcoin hot wallets.
Check out skywallet.com and create a free account for yourself if you have not already done so.