Sentences with phrase «less secure wallet»

Coincheck's president, Koichiro Wada, has said that the company used the less secure wallet «due to technical reasons and understaffing.»

Not exact matches

Increased levels of anonymity, faster and less expensive transactions, integrations with secure hardware wallets, and less accessible attack vectors for black - hat hackers are all part of the advantages that can come from decentralized exchanges.

Similar to a mobile wallet, though, they can be less secure and it's best to use these in conjunction with a more secure wallet where you store the majority of your funds.

Conversely with the software wallet, web wallets permit you to get to your bitcoins through web with the way that there will be less effort for you to secure your wallet.

Of those considering a trip to Europe, 36 percent say they protect their money by wearing a fanny pack or neck wallet at all times; eight percent say they have taped cash to their body, and three percent bring their own safety deposit box — all methods that are far less seamless and secure than digital payments.

Just to repeat what was said before — any of online wallets is less secure compared to local wallets, but there are pros and cons.

Software wallets are always online and are less secure than hardware wallets.

Software wallets, by contrast, are usually free and easily accessed though, ultimately, less secure.

Businesses less reliant than exchanges on fiat - crypto gateways, such as merchant services and secure wallets, and the ASIC hardware manufacturers keeping China's booming mining operations equipped, are reportedly shrugging at the bank bans and pushing on with their growth plans.

Currently, it is more inconvenient and less secure than copy - pasting a QR code from Mycelium or another mobile wallet into telegram — if the bot goes down, if their accounting server gets hacked, or an exploit is found in Telegram's API, Their system fails, whereas the QR code method's only disadvantage is that the person you want to transact with knows one of your Bitcoin wallet addresses.

A hot wallet may be considered less secure, due to its online connection.

Although paper wallets are just as secure if created correctly, TREZOR may be better than a paper wallet for less technical users.

In general, online wallets are considered to be less secure than offline wallets.

Online wallets are, in general, considered to be less secure than offline wallets, such as hardware wallets.

Open source wallets allow third parties to review their code in its entirety, meaning that if there's anything amiss, it will be widely reported; traditionally cryptocurrency users feel less secure when they use wallets with proprietary code and they can't see what's under the hood.

Coins.ph is a mobile wallet and online wallet hybrid — as in, no passphrase, less secure.

Online, or «hot», wallets are less secure due to the threat of hacking.

MEW offers the ability to create wallets and initiate transactions completely offline, which is more secure but less convenient than going through a web browser.