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The number of crypto wallet users grows as the crypto market grows

By on July 21, 2021 0

The constant expansion of the crypto market has resulted in an increase in the number of users of crypto wallets. On top of that, the use of Bitcoin continues to skyrocket to new highs, reaching a market cap of $ 928.5 billion in 2021, leading the rest of the crypto market.

Interest in cryptocurrencies is further boosted by companies like Tesla, who have started to accept them as payment methods.

Additionally, financial services companies such as Mastercard, PayPal, Square, and Venmo have announced plans to incorporate crypto wallets into their payment options.

Risk of crypto wallets

Due to the low-key nature of crypto wallets, a door has been left open for cybercriminals. Recently, the cyber networks of large US companies were held for ransom and the criminals demanded payment in cryptocurrency.

Criminals are constantly finding innovative ways to bypass the latest security features. Another form of user wallet infiltration recently used by crooks is malware that overwrites the contents of the clipboard every time you copy your crypto wallet address. The malware replaces your wallet address with the attacker’s address, and this type of crime has become all too common lately.

However, previously hacked crypto exchanges like Binance have introduced a secure asset fund for users, through which 10% of all trading fees are collected to reimburse affected users.

Source: https://unsplash.com/photos/OG3A-ilG8AY

Benefits of trading through crypto wallets

Crypto wallets are easy to use for transfers, which makes them convenient. You don’t have the hassle of converting and can quickly transfer a specific coin from one wallet to another.

Crypto trading brokers allow you to fund or withdraw using your crypto wallet, a convenient service that has become the preferred method of many crypto traders.

Maxwise, a cryptocurrency broker, offers such services to its clients, through which you can fund or withdraw from your account using a crypto wallet.

They offer to trade various crypto coins, including major Bitcoin, Ethereum, and Tether coins. Trading is possible through a web platform compatible with any device and gives traders 24/7 access to the markets.

Maxwise pays attention to its clients by providing a variety of markets, account security, dedicated support and an easy to use trading interface.

They have engineered bespoke security and performance technology to protect user information and funds.

Maxwise’s dedicated customer support is available for 24/7 inquiries and can be reached by email or through the live chat service on the website. Although trading is open seven days a week, Maxwise customer support does not operate on weekends.

In addition to crypto financing, Maxwise also allows payment by credit card and wire transfer.

Final result

Notwithstanding the risks involved, trading through crypto wallets has many advantages; In addition, crypto exchanges and brokers are constantly improving their security measures.

Maxwise offers flexible payment options. They guarantee the highest level of security technology to protect their clients from malicious activity, making them a solid consideration for crypto trading.


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