Counterwallet Reviews

Hierarchical Deterministic Wallet

Web based

Open Source

Built in Exchange

Support for Counterparty Token

No 2 Factor Authentication

No Multi-signature

No support for ERC20 or Either

Easy to use Counterparty Wallet

Easy to use Counter Party Wallet

Counterwallet makes it easy to create new tokens, and manage different coins - whether it be Bitcoin or Ripple, it is all done without a central server. Having said that, Counterwallet allows for easy, quick and secure payments to other users and overall provides a user-friendly experience.

I dislike that signing into Counterwallet requires a (rather) long "secure passphrase." What this means is that you either have to remember a random sentence or have it ready nearby should you want to sign into your wallet. Recovering the secure passphrase is not possible either, so if lost, you will lose access to all of your stored currencies.

Keep in mind that Counterwallet is NOT centralized. You will need to keep a secret passphrase without losing it. Also, support is (very) limited as it is community-supported. You will not have someone to call if you lose access, nor will you have instant responses from the community. That said, it is community supported because there is no charge to use the wallet.

Counterwallet allows me to hire temporary employees and distribute payments rapidly with their "Group Send" feature. Counterwallet even provides a way to create your own token, should you wish if you want to implement some sort of currency into your application that is decentralized. Finally, along with custom tokens, there is no need to have any custom wallets developed to send Bitcoin, or other currencies around.

My wallet was made simple and easy with the "12 word passphrase" and I could quickly enter my wallet with this phrase.

As soon as I get into this wallet, I have to choose a server and because I did not know the servers, I just selected one randomly.

We can use this platform to store XCP tokens.

This wallet allows you to use Armory. The advantage of using this method is that I can easily transfer my bitcoins from Armory to this wallet.