Mars Wallet: A Wallet That Is Out of the World!
Once one is over the hurdle of finding a great cryptocurrency to invest in, there comes the issue of securing the asset acquired and a trustable platform to trade on. Currently, the market offers two options: a cryptocurrency exchange or a cryptocurrency wallet.
Exchange Versus Wallet: Which Is Better?
A fundamental difference between owning a crypto wallet and having an account on a cryptocurrency exchange is the degree of control one has over his or her digital assets. When using a cryptocurrency wallet, any transactions involving the digital assets owned by users require their consent before transactions can proceed. However, with a cryptocurrency exchange, control is shared between the users and the exchange.
Using a simpler analogy, a crypto wallet resembles a physical wallet while a crypto exchange resembles a bank account. Just like how it is in real life, financial guarantee is determined by the bank’s policies, its stability and stature in the wider economy. Moreover, banks are given access to the funds deposited in accounts, and can use it to issue loans or investments. A crypto wallet, on the other hand, is the user’s possession and cannot be controlled by external organisations, not even the developer of the e-wallet itself.
The Wallet Wins!
Cryptocurrency wallets are the obvious winning contenders and that has led many to saturate the market with e-wallet products. Of all those options out there, only a handful deserves our full-fledged attention with one of them being the Mars Wallet released by Mars Blockchain in December last year.
Mars Wallet is a professional digital asset wallet and an important node in Mars blockchain group’s ecosystem. Available on Google Play store and Apple, the e-wallet is compatible with Android and IoS operating systems and is constantly upgrading itself to deliver the best cryptocurrency trade services.
With multi-currency management and exchanges available on multi-chains, Mars Wallet provides a vast repertoire of resources at the users’ disposal. These include relevant news updates that may be crucial to investment choices, as well as links to top cryptocurrency exchanges such as OEX and Kryptono Exchange.
To tighten security measures, Mars Wallet uses the Google 2FA — a 2-Factor verification process that allows the recovery of a user’s account in the occasion of a hacking attack or fraud. To further ensure its platform is not ensnared in money laundering or any other illicit operations, Mars Wallet require users to upload a profile picture prior to account registration that has their face, their ID Card/Passport and a note in their writing of the current date and the word “MARS” on it.
Once registered, Mars Wallet will step in to ensure the protection and safety of the users’ assets through its 4 levels of security (illustrated in the image below).
Security Levels Present in Mars Wallet
Users will be prompted to set up a valid payment password unique to each user. Withdrawals will also be limited to once every 24 hours between transactions to prevent large losses in cases of hacking attacks.
With such tight security measures and user-friendly interfaces, Mars Wallet is definitely the best choice for exchanges of custodian and digital assets, especially their own cryptocurrency, 1SG. Although Mars Wallet is still in its initial stages of release, its potential is definite, and it is well on its way to becoming a leading digital asset wallet in the future.
About Mars Wallet
Mars Wallet is a professional digital asset wallet and an important node in Mars blockchain group’s ecosystem. We strive to create high-security and easy-to-use wallet. Our wallet supports custodian and exchanges of digital assets.
For more information, please visit http://marsblockchain.com/en/
1SG is a stable coin, issued by the Mars Blockchain Group which overcomes the problems of today’s cryptocurrencies, while providing open, transparent, efficient KYC/AML process. With the key features of stable value and high liquidity, Mars Blockchain is a start-up committed to becoming a leading stable coin in global cryptocurrency market. 1SG circumvents the volatility of other major cryptocurrencies by maintaining a fixed peg to $1 SGD through financial markets.
For more details, check out www.1.sg
To trade 1SG now, head over to these exchange platforms:
For more information on 1SG, keep up with its following social media: