The Infinito wallet bills itself as the first multi-asset universal wallet, supporting popular cryptocurrencies as well as ERC-20, NEP-5, NEO, and EOS tokens. In order to determine if Infinito is the safest wallet for storing digital assets, we will examine it in detail and analyze its features.
Table of Contents
What Is The Infinito Wallet?
The developer of the Infinito wallet is Infinity Blockchain Labs, a well-known blockchain R&D company. A small selection of digital currencies, including Bitcoin, Ethereum, Bitcoin Cash, and ERC20 tokens, were supported when the wallet was first introduced in 2017. It currently supports the vast majority of digital currencies available on the market.
Despite being based in Ho Chi Minh City, Vietnam, it is registered in the Isle of Man. Its development team consists of over 300 in-house programmers as well as marketers, strategists, and researchers. However, it hasn’t been registered.
English, Chinese, Japanese, Vietnamese, and Korean were the first five languages that Infinito supported. The group later revealed that they would also support Hindi, Portuguese, Thai, Italian, French, and Russian.
Pros & Cons Of Infinito Wallet
Pros:
- Available in 8 languages and over 190 countries
- Supports over 2000 coins and tokens
- Ability to buy, store, transfer, and trade crypto inside a universal wallet
- Earn interest on your stored coins via staking, lending, and Defi services
Cons:
- Mobile wallet, so less secure than hardware wallets
- Not regulated
- Slow loading times for wallet balance and price charts
What Features Does Infinito Wallet Offer?
The ability to store all cryptocurrency data universally is Infinito Wallet’s main selling point, of course. To give you an idea of the breadth of this incredible wallet, we’ll just list a few of the most significant coins since listing all of them would take up too much space.
- Leading cryptocurrencies Bitcoin (BTC), Ethereum (ETH), NEO, Bitcoin Cash (BCH), Gas (GAS), Litecoin (LTC), DASH (DASH), Ethereum Classic (ETC), Dogecoin (DOGE), and EOS (EOS).
- Tronix (TRX), VeChain (VEN), BNB (BNB), OmiseGo (OMG), ICON (ICX), Golem (GNT), Walton (WTC), and Loopring (LRC) are some examples of ERC20 tokens.
- NEP-5 TOKENS: Ontology (ONT), Red Pulse (RPX), Deep Brain Chain (DBC), TheKEY (TKY), and Trinity (TNC).
Infinito’s storage capacity is constantly growing as new coins are added to the ERC20 and NEP-5 families every week. You can see the company’s ongoing roadmap at Infinito.com. The company frequently adds significant coins that are not a part of Ethereum or NEO.
Infinito Wallet is very user-friendly and secure in addition to supporting all of the aforementioned coins. Although usability is a personal preference, we’ve tried a LOT of cryptocurrency wallets and Infinito Wallet comes out on top. One of those programs you can open and “just know” how to use. Even the newest users can’t mess up the 12-word passphrase phase because they literally hold your hand during it.
What Can Infinito Wallet Be Used For?
Users of all experience levels can buy, sell, trade, and even earn interest on cryptocurrency coins and tokens using Infinito Wallet. Infinito offers a lot more than just the standard buying, selling, and trading functions, including rewards for staking (keeping) coins in your wallet, market trend analysis for trade setups, and live chat support for immediate assistance.
On the platform, users can also participate in a weekly investment competition. Participants place trades using demo accounts while assuming no risk, and the top 5 performers receive prizes. in addition to this, Almost any blockchain application can send or receive payments using the wallet connect feature that Infinito offers by simply scanning a QR code.
How To Download Infinito Wallet
It is extremely simple to download Infinito Wallet. Simply search for “Infinito Wallet” in the app store on your iPhone or Android smartphone. In addition to the Infinito you’ve already seen in this review, the wallet will be the top result. It only takes a few seconds to download because it is only a few megabytes large (20 megabytes on Android).
How Much A Fee Does The Infinito Wallet Have?
For storing or transacting in cryptocurrency, there are no fees on Infinito wallet. Charges, which vary from network to network, are incurred when conducting cryptographic transactions. The network miners who are in charge of confirming and validating transactions receive these fees.
Price optimization is one of the most intriguing aspects of Infinito wallet fees in relation to transaction processing. You can set practical fees based on how quickly you want a transaction confirmed. The confirmation comes through more quickly the more you pay in fees.
How Safe Is Infinito Wallet?
Security in the cryptocurrency world is a relative concept. A crypto user must give up all convenience in order to be completely secure. However, the user must choose a slightly less secure option if they want to use their coins immediately. It would be impossible to provide the security of a paper wallet because well-designed wallets are intended to be used every day. Digital wallets do not have a flaw in this; it is by design.
One of those wallets that strikes the ideal balance between security and practicality is Infinito Wallet. This mobile wallet is the most secure one we’ve seen thanks to their combination of password, passphrase, and even touch ID. There’s a slim chance that someone else could use your Infinito Wallet if you take sufficient precautions to secure access to your phone itself. They do not have centralized servers that store their user and coin data (public and private keys). One decentralized wallet option is Infinito Wallet.
No one could be upset if that was the only security Infinito Wallet offered. However, Infinito’s roadmap demonstrates that they are working on creating even more secure ways to guarantee the security of its users. Users will be able to connect their cold storage (offline) coins with their Infinito Wallet mobile wallet by the end of 2018. Although we are unsure of how this will actually work, if it holds up to the rest of the Infinito Wallet platform, we won’t likely have any complaints.
Conclusion
With Infinito Wallet, we’re as happy as we possibly can be and already have plans to use it for our own needs. More cryptocurrencies are supported by Infinito Wallet than any other wallet that we are aware of. From trading and compliance to usability and support for multiple currencies, among other features, it has an amazing combination of features. One of the few wallets on the market that gives users a complete experience is this one. And given the degree of uncertainty surrounding the cryptocurrency industry, the fact that it is regulated is a major plus.