The CryptoSecure mobile wallet is not only accessible and practical, it also incorporates other layers of security to ensure users’ currencies are not compromised.
Hierarchical deterministic walletThe CryptoSecure hierarchical deterministic (HD) wallet provides a more simplified back up and better privacy than non-HD wallets, by generating new addresses whenever a user sends and receives funds and making transaction activity and total balances very hard to track.
With privacy and security being the utmost of importance to CryptoSecure, the wallet also offers several key features:
CryptoSecure utilizes the highest standard for encrypting private keys with a passphrase and encoding them with Base58Check so that they can be stored securely on backup media, transported securely between wallets, or kept in any other conditions where the key might be exposed. The standard for encryption uses the Advanced Encryption Standard (AES), a standard established by the National Institute of Standards and Technology (NIST) and used broadly in data encryption implementations for commercial and military applications.
A watch-only address is a public bitcoin address you’ve imported into your wallet. This is a useful feature if you want to monitor activity at a particular bitcoin address. You can import any existing bitcoin address into your wallet as a watch-only address, which will incorporate all of its incoming and outgoing transactions into your live transaction feed. You can tell which transactions are for watch-only addresses, because they’ll be labeled as such.
Most online services require users to authenticate with just a username and password, which is not exactly the most secure way of protecting your credentials, personal information, and data. One of the more popular solutions to tackle this problem is called two-factor authentication (2FA) is a process to verify your identity when trying to access a service on the web, using two forms of authentication. On CryptoSecure, our 2FA uses your regular password in combination with one of the following methods: SMS message (text message), Yubikey, Google Authenticator, or email. For best security practices, we’d recommend the first three options as being superior to Email.
All chat conversations are end-to-end encrypted using your keys, and their context is only accessible to the people involved in the chat. The only information CryptoSecure servers receive is encrypted text with time stamps.