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What is Magnum Wallet?

Grasping the workings of our wallet is essential, and in this context, we will provide important insights regarding Magnum. As a lightweight wallet, Magnum guarantees that we do not store or collect users' private keys, backup files, or any personal information. This form of wallet is recognized as one of the most secure and trustworthy options for cryptocurrency management. During your usage, you retain full control over your private keys, which are safely kept on your device. These keys are encrypted and saved in your browser's local storage, adding an extra layer of protection. All communications with the blockchain are conducted over an encrypted SSL connection, safeguarding the confidentiality of your transactions. In addition to this, Magnum offers a backup file containing your encrypted private keys, which you should download and securely store. This backup enables you to access your wallets on various devices or browsers. However, to decrypt this file, you will need to input the passphrase you established. It is critical to understand that if you happen to lose or forget this passphrase, recovering your backup file or private key will be impossible. Consequently, ensuring the security of your passphrase is paramount. Remember that taking these precautions not only protects your assets but also gives you peace of mind when managing your cryptocurrencies.

What is Lumi Wallet?

Lumi Wallet provides a dependable and secure environment for handling various cryptocurrencies. It is equipped with advanced security features that protect users' assets through strong encryption and intricate cryptographic methods. The wallet guarantees that private keys are stored solely on the user's device, thus removing the danger of sensitive information being sent to outside servers. Supporting a vast range of cryptocurrencies such as Bitcoin, Ethereum, EOS, BCH, and more than 1200 ERC20 tokens, Lumi Wallet consistently refreshes its offerings to align with market trends, the reliability of assets, and their overall worth. Embracing the foundational tenets of blockchain technology—transparency and decentralization—Lumi Wallet actively participates in the open source movement by making its code available to the cryptocurrency community for review. This commitment to transparency allows users to delve into the wallet's code and see firsthand its dedication to these principles. Furthermore, Lumi Wallet streamlines transactions, enabling users to effortlessly send and receive cryptocurrencies. Users can expect transaction fees to be automatically adjusted according to network conditions and the size of the transaction, while also having the option to set their fees as they see fit. This blend of security, flexibility, and user empowerment positions Lumi Wallet as an exceptional option for cryptocurrency advocates, ensuring they have everything they need at their fingertips for efficient asset management.

Media

Media

Integrations Supported

Divly
Cointelli
Koinly

Integrations Supported

Divly
Cointelli
Koinly

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Magnum Wallet

Company Website

magnumwallet.link/

Company Facts

Organization Name

Lumi Wallet

Date Founded

2017

Company Location

Cyprus

Company Website

lumiwallet.com

Categories and Features

Categories and Features

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