One of the most intriguing cryptocurrencies available is Monero (XMR), without a doubt. Finding a trustworthy wallet for this coin can be difficult because of the unique anonymity position it promotes. We’ll examine one of the most well-liked alternatives in this XMR Wallet review and attempt to determine whether or not it’s a good place to store your Monero.
I can tell you right now that Nathalie Roy is the person who developed the online XMR Wallet. The wallet was introduced back in 2018. In terms of XMR, this does really make it one of the more established wallet projects that is still active.
Being around for a while, it’s only natural to find a wide range of XMR Wallet user reviews, both favourable and unfavourable. Let’s examine the information and decide if this wallet service is appropriate for you.
XMR Wallet Review: PROS
We’ll start, as is custom, with the advantages of the wallet. The fact that it is open-source is unquestionably one of its best aspects.
An Open-Source Monero Wallet
One of the most crucial aspects to consider when looking for cryptocurrency wallets is whether or not the wallet is open-source. Even while it’s not a deal-breaker, this aspect by itself can tell you a lot about the product.
When a cryptocurrency wallet is open-source, the underlying code can be checked out and examined by anybody. This further increases the product’s transparency.
User XMR Wallet reviews will inform you that this specific wallet is open-source, as you may have previously figured.
Anyone interested in looking at the code can visit the XMR Wallet’s GitHub source. As a result, it would be nearly hard for the wallet’s inventor to incorporate any harmful code because it would be quickly discovered.
However, the advantages of an open-source platform don’t stop there. You may actually contribute to the development of the wallet in addition to checking out the code!
If you are a developer yourself and are proficient in coding, you will be able to offer suggestions for the wallet’s development. The code might be incorporated into the project if the community determines that your recommended updates are important and free of any shady behaviour.
Being an open-source platform should give you considerably more confidence in the project, whether you’re seeking for the XMR Wallet download or just want to instal it on your computer.
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A Veteran in the Industry
Even though this isn’t necessarily a clear-cut advantage of the wallet, it should be taken into account when reading through user XMR Wallet evaluations.
The XMR Wallet has existed since 2018, as I stated in the article’s introduction. In terms of crypto, this is actually a fairly lengthy period of time; many of the most trustworthy projects active now are only half as old!
The age of a project is quite important given how new the bitcoin sector is overall. Particularly true of wallets! People are more likely to trust a cryptocurrency wallet the older it is.
It also makes perfect sense! If the XMR Wallet were a hoax, the project would have collapsed a very long time ago, according to user reviews posted online. Since the wallet has been around for almost 4 years, this is likely the case. The facts speak for themselves when you consider this and the fact that it’s an open-source wallet.
Works on Tor (The Onion Browser)
Admittedly, you won’t find many reviews of cryptocurrency wallets mentioning this perk. It’s actually a feature of the mysterious Monero cryptocurrency, when used with the aforementioned XMR Wallet.
Tor is a well-known web browser. Most often, it is utilised to reach the Deep Web, a single, focused objective.
A unique area of the internet called the Deep Web isn’t indexed by popular search engines like Google or Yahoo. Although the Deep Web is frequently cloaked in mystery and different urban tales, in truth, it is primarily used by those who just want to maintain their online privacy.
The online XMR Wallet does support Tor functionality, which is why I’m telling you this. An “onion link”—a unique Tor browser URL that will take you to a specific location on the Deep Web—will be given to you when you register for an account on the wallet’s website.
User XMR Wallet reviews will advise you that using the wallet in question is absolutely possible if you value privacy and are adamant about protecting your personal information at all costs.
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No Registration, No Data Logging
This is without a doubt one of the most crucial aspects of the XMR Wallet. Additionally, it’s the main component that initially piques users’ interest in using this wallet service.
It’s no secret that most people who use Monero (XMR) are either extremely concerned with the privacy of their cryptocurrency transactions or are extremely interested in this area of the crypto world. If you belong to the first group, it stands to reason that your need for anonymity will also apply to any wallets you may utilise.
The wallet in question does not require you to register in order to use it, and it also has a strict “no-logs” policy, according to numerous user reviews of the XMR Wallet. Since each of these items are extremely important, let’s examine them independently.
The absence of registration comes first. It’s true, there is no registration required. If you’re seeking for instructions on how to set up the XMR Wallet, you should be aware that there will only be two or three steps. The setup procedure will be covered in detail later on in the XMR Wallet review, but for now, let’s concentrate on the significance of this lack of registration.
You won’t have to register or give the aforementioned wallet service any personal information. No matter which cryptocurrency you could be interested in storing, this is, admittedly, frequently the case with many other wallets as well. However, this “no registration” concept is extended even further with the XMR Wallet.
The wallet in question won’t ask for your email address or any other kind of personally identifiable information. Theoretically, complete anonymity might be achieved by creating the wallet while using a VPN of some kind or the Tor browser.
The term “data logging” typically refers to the VPN (Virtual Private Network) services discussed above. When a service provider logs data, they are keeping track of everything you do online, including your clicks, your activities, the websites you visit, the services you use, and so on.
Data logging in the context of this XMR Wallet review would mean keeping track of your personal information, the wallets you send your XMR to, general transaction data, etc. The in question wallet doesn’t do any of that.
This is all done to highlight the privacy and data security aspects that the XMR Wallet offers to its customers. Once more, this makes the XMR Wallet appear to be a very high-end project when coupled with the fact that it is an open-source project and that anyone can verify and audit the code.
Your Private Keys Belong to You
The specific code for your cryptocurrency wallet is referred to as “private keys.” If you lost access to your previous wallet and had to make a new one, this is the key you would need to get your money back. Instead, you would only need this one unique code to get back your old wallet.
There are several custodial bitcoin wallets available since they store your private keys. Clearly, this is not at all ideal. Then there are wallets that, although they claim to have no access to your keys, don’t actually hold them and also prevent you from seeing them.
Here, having sole possession of your wallet’s private keys is the ideal situation. This is entirely doable with the XMR Wallet online.
Your private keys will be accessible once you create a wallet with the disputed service in the “Account” part of your profile. These keys will only be accessible to you; as a result, only you will have access to your wallet and all of your Monero coins.
Evidently, this shouldn’t come as a huge surprise following all of the many features that we’ve discussed in our XMR Wallet review. However, it just serves to highlight the wallet service’s privacy-consciousness and legitimate it even more.
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Supports Multiple Languages
Although this is unrelated to the specific online service in question, XMR Wallet, it is nonetheless a significant point to note.
The XMR Wallet can only be accessible by default in English. The platform does, however, also support other languages.
- Chinese Simplified
There are ten distinct languages available to you—a that’s lot! The languages also span a significant portion of the globe, so even if English isn’t your first language or you’re just more at ease speaking another language, the XMR Wallet may still be of use to you.