Out of all the different types available out there (in the crypto space) WEB WALLETS are currently the least secure type of wallet on one hand, but convenient, easy to navigate and beginner friendly on the other. They can expose users to possible theft of private keys and funds through hacking so only storage of small currency amounts is recommended.
Blockchain is a cryptocurrency exchange that also features one of the most popular digital wallets today. The platform was launched in August 2011 and is based in Luxembourg. With good security, easy interface and minimal exchange fees its a good choice for the newcomers. Blockchain wallet is available in 25 languages and 22 currencies.
Here is a short summary of its features :
Wallet type :
Web, Online, Hot Wallet
Compatible with :
IOS, Android, Web
Mobile app :
Yes, for Android and IOS
Free to use, however, small exchange fees apply.
Security and privacy:
Blockchain features built-in security centre to help keep your wallet secure e.g. 2-step verification, however like all other hot wallets blockchain is vulnerable to hacking and theft.