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WALLET REVIEW

Mobi

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June 21, 2020 | 

JOHN K MWANIKI |  0 Comments | 

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WALLET REVIEW - Mobi

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Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and use both Bitcoin and fiat currency while at it? You must have probably had the struggle of exchanging your cash and crypto to no avail.

No more worries, Mobi wallet is the platform to look for. With a clean and easy to use interface, the platform allows you to receive, send, and spend Bitcoin at will. 

Here is a detailed review of the Mobi Wallet.  

Functionality

Mobi performs its function of managing Bitcoin pretty well. It allows for the ease of exchange of Bitcoin into over 100 fiat currencies. 

It also comes with a Mobi VISA that allows for comfortable spending of money. The only downside to the VISA functionality is that it is only available for EU users. 

The Mobi can conveniently monitor the operations without hitches by building and managing the platform on its own. The wallet is also high performance due to its easy to use interface. 

The interface comes with easy fonts and a reliable scrolling. It is also excellent in both mobile devices and desktop. 

Market and Products 

As one of the oldest wallets, Mobi has grown to support a wide range of products over the years. The platform offers digital currency exchange services. It also acts as a mining pool, payment process, and as a consumer wallet.

The platform supports some of the major cryptos like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It also provides for all the traditional currency, making it a convenient trading platform.

Ultimately, the platform supports multiple languages for users from different European countries.

Supported Systems 

Mobi is a highly accessible wallet that supports both android and iOS systems. It also has a browser version for users who already have the Mobi app. 

The widespread access makes the wallet convenient for use at any time. 

How Mobi Works 

Using Mobi is quite straightforward. The platform is available free for downloading. After which the user links it to the mobile number of the device. The user then selects the currency they want to work with. 

The user can then exchange the currency into the over 100 currencies. The account supports several assets, including silver and gold. It also allows an account holder to send funds to any smartphone holder and Twitter users. 

The platform is all about convenience and allows users to connect the account with a Visa debit card. They can then use the card to transact in all outlets and ATMs accepting the card. 

Customer Service

Mobi wallet takes pride in offering some of the most reliable customer services. It provides a well-documented FAQ page for the common issues. Otherwise, in case of advanced problems, the user can easily reach customer support through Email.

The wallet also provides for active social media interactions through Facebook, Twitter, and LinkedIn.

Security 

Even though Mobi excels in service provision, it is not the best when it comes to security. Unlike the other popular brokers, Mobi does not provide for multi-signature and 2-factor authentication when accessing the account. To meet the regulatory needs, the platform holds assets in cold storage and performs regular auditing. It also provides a centralized validation system.

Besides, the account does not provide for any security against loss of funds due to disaster, theft, or liquidity. The limited protection means the platform is best for low volume transactions or short term use. 

Disadvantages

Even though the Mobi wallet is such a functional platform, it comes with a few challenges like high transaction costs. It also provides lower security that makes it less lucrative. 

The other concern that comes with the wallet is that it is only available for EU users. 

Bottom Line

Mobi wallet has so far excelled in its leading role as a crypto wallet. It facilities fast conversions of Bitcoin into over 100 fiat currencies. It also comes with the needed fast transaction.

Even though it costs a little higher to operate the wallet, it is justified due to exceptional services. It also provides outstanding customer service in case of any concern. Otherwise, the users have to be a little wary due to the limited security measures. 
 

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