Pandora’s Wallet: Safe & Secure Cryptocurrency Storage Service?
What Is Pandora's Wallet?
Discover Pandora’s Wallet—a new way to control your crypto trading portfolio. Everyone understands that cybersecurity is still a major threat in the crypto space. Leaving your assets vulnerable on the exchanges expose them to cyber attacks, theft, or loss. You can avoid all this by taking full control of your assets using the Pandora’s wallet.
To make work easier for the user, the team behind Pandora maintains the coin servers so users don’t have to worry about problems such as downloading blockchains, network issues, or dealing with compiling errors.
Pandora’s open source software connects to their coin servers where they maintain the nodes while users keep their private keys on their personal computers. This means they don’t have any access to the user’s private keys. The software only signs the transactions with the user’s key and then sends the signed transaction to their servers for broadcasting. Therefore, it’s easy for users to make their own backups of their wallets or to store their private keys in cold storage.
Pandora's Wallet Advantages
Imagine a crypto trader who uses several different exchanges to make his trades and trades coins that don’t appear in the top 20 at CoinMarketCap. A trader in this situation may worry that one of the exchanges he uses may develop issues in the future and so would like to protect his assets just in case of a failure at the exchange. The trader has the option to move his coins to a wallet that he keeps in his personal computer to avoid any possible loss.
However, this also comes with a requirement to install several wallets according to the coins available, testing all the wallets to confirm their functionality, and making backups of each wallet. Here is where Pandora’s wallet comes into play.
Easy, Simple, Cryptocurrency Storage Service
With Pandora’s wallet, a trader only downloads one piece of secure, open-source software to manage the entire process. There is no need to download any blockchain, install any wallet, or deal with any troubleshooting. Besides, you can still make backups of your private keys and be sure that you are the only person with access to your private keys. You can also move them to cold storage if you want extra security. Importantly, the backups of all your wallets are just from one source.
Pandora's Wallet Free Version
Interested users can test Pandora’s software at no cost to see whether it works. From January 15, 2019, users can test the software free for 60 days. The Pandora’s Wallet costs 0.02000000 BTC. As a user, you can take the advantage of this grace period to check whether the wallet can work for you. Once installed, you will also have the access to a complete list of the connected coins. They plan to support 50 different coins for the first version, which corresponds to the dream of any serious crypto trader.
Pandora’s Wallet one year access will cost 0.02 BTC in the first 15 days after launch from January 15 to January 31, 2019. From February 1 to February 28, the price will be 0.04 BTC. Between March 1 and March 31, the price will be 0.05 BTC. The normal price after the promotional period will be 0.06 BTC.