The quest to find an easy to use, private, and yet secure wallet led me to try many different wallet types. As it turned out there is a wide selection of cryptocurrency wallets out there, ranging from hardware gadgets to mobile apps.
While for absolute security a lot of people seem to prefer hardware wallets (aka known as cold wallets) I did find them somewhat complex and not very convenient for someone planning to transact on a regular basis. Unless you have a really large amount of funds that you need to store in cryptocurrency then likely you don’t need it.
My quest eventually led me to an Unstoppable wallet, available both on iOS and Android platforms. That wallet emerged as the one with a good balance of best practices, security, privacy, and ease of use.
If you’re new to cryptocurrency and looking for a wallet where you will feel comfortable without being exposed to a lot of tech jargon then Unstoppable is for you.
Even if you know little about crypto you should be able to navigate through the wallet and available features without issues. Moreover, there is a whole section inside the wallet dedicated to teaching the fundamentals in simple terms for those just starting out.
Secure, Independent, and Unstoppable
Unstoppable is a non-custodial multi-currency wallet that gives its user full control over the funds. The private keys which provide means to own and manage cryptocurrency never leave your device. These keys are stored in secure storage mechanisms available in iOS and Android operating systems.
Unstoppable supports all major blockchains and cryptocurrency tokens offered on those blockchains. You don’t need to keep a different wallet for various cryptocurrencies that you want to hold, there is a good chance the wallet already supports the currency you need.
Being an open-source with a publicly visible source code anyone can verify that the wallet app works as it claims to and there are no hidden elements that can sabotage your security or leak your private key. There are websites i.e. www.walletscrutiny.com which can tell whether the app listed on Google Play Market and the one marketed by developers are indeed exactly the same code.
The wallets created in the Unstoppable wallet app can be easily migrated to wallet apps created by other parties and vice versa. In other words, if for some reason the wallet app malfunctions the user can always grab his/her private key and restore it on some other wallet app without being forced to get the wallet working again. Migration between wallets is a simple process and can be done at any time.
The Unstoppable claims to be censorship-resistant and never stops working as the wallet app doesn’t depend on any centrally managed servers to function. As a result, the wallet always remains operational for as long as there is an internet connection. For instance, communication with the Bitcoin blockchain is decentralized and implemented in a way where the app remains functional for as long as there is at least one node in the Bitcoin network.
Note that, there are more than 100,000 Bitcoin nodes spread all over the world. Anyone can start a Bitcoin node on their standard PCs.
Dealing with crypto also poses some risks ranging from using unreliable software to a lack of understanding of cryptocurrency fundamentals. When it comes to wallet apps it’s absolutely critical to use a wallet that sticks to common security best practices i.e. being a non-custodial wallet.
To minimize risks associated with handling cryptocurrency it’s important to get educated on various aspects of cryptocurrency ownership and management. Providing security for your crypto assets also means understanding the risks and knowing ways to mitigate them.
- Keep your assets in a non-custodial wallet, which means no-one except you have access to your funds. You don’t need to trust others.
- Keep your private key in a secure place. Losing it means losing access to your funds as there is no way to recover your funds without knowing the private key.
- Never give your private key to anyone, even to technical support people. Anyone who knows your keys can steal your funds.
- Use open-source verified wallets. If it is not open-source and verified, then you can not be sure your private key will not be leaked from your wallet.
So, my quest to find a wallet brought me to Unstoppable. As mentioned earlier, perhaps the key selling point for it is a good balance of security, privacy, and ease of use. If you’re new to cryptocurrency and looking for an easy-to-use wallet then give it a try.
This was by no means a thorough review of the Unstoppable wallet app. There are many other features available in the wallet app that we haven’t touched i.e. DeFi capabilities or decentralized token trading. Overall, it’s a good wallet that we recommend for someone looking for a secure wallet and at the same time not familiar with technicalities around cryptocurrency.
Disclaimer: This is a paid post and should not be considered as news/advice.