Bitwala is one of the most respected companies in the world of cryptocurrency. Last year, the company introduced their multisignature wallet solution. Giving owners control over their funds at all times is always the best course of action. The company is now rolling out a major update, known as Multi Wallets. It is a big step to give users even more customization options related to their Bitcoin funds.
It is good to see companies such as Bitwala make some major strides as far as their wallet service is concerned. Having more options at one’s disposal is never a bad development. Customers now have the option to create multiple Bitcoin wallets in one sitting. This allows users to set up labeled-wallet solutions for different purposes. One can serve for investments, whereas another can be used for payroll services, for example.
Bitwala Introduces More Customization Options
Having all of this functionality at one’s disposal from the dashboard is a welcome change. Most cryptocurrency users have a need for multiple wallet solutions in one way or another. It only makes sense in a way as well. After all, there is plenty of reason to use more than one wallet at any given time. Most products allow for multiple of these addresses by default. Bitwala is a bit late to the party, but the development is still pretty significant.
Moreover, it is a completely secure solution as well. users will fully control their multiple addresses like they have done in the past with just one. All wallets are protected by 2FA security and a specific password. There is also mutisignature support for all addresses in this regard. Having more options and increase security at one’s disposal is never a bad thing, that much is certain. There is also the option to backup keys and keep them safe for future purposes.
Last but not least, the user is able to control their own fees. Adjusting network fees is an integral part of using Bitcoin these days. After all, there is no reason to overpay on transactions whatsoever. It will be interesting to see if people will appreciate these new features in the coming weeks and months. The company plans to introduce more changes in the coming months. It is unclear what is next on the horizon, but it will certainly a be a great addition in the end.
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