Portis Wallet Review 2023: Is Portis Wallet Safe?
What is Portis Wallet?
You would have a familiar experience with websites or companies that offer wallet services. Or you might wonder what is the necessity to buy cryptocurrency wallets? You will need a wallet to store currencies, even if it is bitcoin or altcoins. They support many kinds of altcoins to be stored. Securing your asset is as much as important as buying it. So, a safe and secure wallet is necessary for it.
Portis Wallet Summary
|Wallet name||Portis Wallet|
|Type of Wallet||Non-custodial Blockchain Wallet|
|Coins Accepted||BTC, ETH, EOS, DAI, Matic|
|Supported Hardware Wallet||No|
|Supported Countries||Most of All|
|Charges||1.49% or $1.49|
|Customer Support||Yes, via Live Chat and FAQ Support|
This article will give you an in-depth review of the Portis wallet. Getting the wallet set up is essential to store your crypto for future usage and trading securely. If you are interested in buying cryptocurrency or need to know more about crypto wallets, this article is for you. If you want a complete Portis wallet review and resources, keep reading.
Portis is owned by ShapeShift, which is an Israeli firm that created the Web 3.0 wallet with SDK tools for crypto app developers. It can be integrated into dApp, and with the help of these tools, the developers can add security to it.
ShapeShift platform acquired Portis, merging these companies. The companies have a shared vision of creating a new financial system. The founders of Portis are Itay Radotzki and Tom Teman. Portis is a non-custodial blockchain wallet that helps you in storing your cryptocurrency assets.
Although the hardware wallets have the advantage of more security through the usage of private keys or seed phrases, they also help you to log in from any machine. But make sure you remember the email and password. Do not forget to set a difficult and strong password so that it is difficult for hackers to crack. Signing transactions by the dApps users can be done using their credit cards even if they don’t have any ETH.
Portis wallets have been designed in such a way that they can be easily connected to dApps. Wallets like Metamask need a browser extension and/or a specific web browser. Rather than downloading any extra browser extensions or apps, you can set them up within a few taps.
The good news is that they support many types of cryptos, including bitcoin, Ethereum, and many more. We will have a detailed look at the supported currencies later. The cryptocurrency wallet also sponsors gas fees for your users and approves transactions in your app automatically.
How Does Portis Wallet Work?
The Portis is flexible to use in many browsers making it more comfortable for the users. You can now exchange or trade your cryptos using this blockchain wallet. With the help of developers, it is dedicated to creating a decentralized community.
A recent wallet update allows users to access and purchase cryptocurrency with the usual email id and password set up. So, it is considered one of the simplest sites to start your transactions.
Below are the instructions on how does it work:-
- Creation of Account: No need to work on a tiring method of the log-in process, rather the users can now simply create an account simply by entering the email and password. In this way, the first step will be completed.
- Encryption Key: You can easily encrypt the login data using the usual end-to-end encryption method that the client generates. Using robust and secured algorithms, they assure an additional layer of security.
- Password: As a pseudorandom function, they utilize the SHA-256 method with a KDF. The hash password is then used as the authentication key for them.
- Encrypts Asymmetric Key Pairs: The asymmetric key pair links to the encrypted data and allows the client and user to communicate in a most secure way.
- Save the Encrypted Data: All encrypted data, keys, and functions are safely stored on the Portis server for later use.
Key Features of Portis Wallet
- Portis supports direct purchase too, where the users can pay just the actual amount that is needed for particular trading, instead of keeping a larger amount in their wallet.
- The Private key is encrypted client-side as well as self-custodial, but it may be accessed from any device.
- As mentioned earlier, a secure login is possible by simply entering the provided email and password, and no browser extensions are needed.
- Portis platform supports Ethereum, Bitcoin, EOS, SKALE, Matic, Ubiq, and much more with minimal KYC. It is not necessary to upload any government ids. You can choose your preferred currencies.
- Portis fees are negligible, but a little deduction will be carried when you make a purchase with credit and debit cards.
- Accepting credit cards and debit cards worldwide provides customers with a familiar checkout experience while signing for the transactions. No crypto? No problem! You can develop your app and boost conversions.
- In addition to the storage of cryptos, the services SDK tools are provided for developers. Developers may simply increase the security by further enhancing keys and encryptions using these tools and kits.
Is Portis Wallet Trustworthy?
Some would offer a Portis wallet review and claim that it isn’t trustworthy because it’s a hot wallet rather than a hard wallet. To some extent, this is correct since a hard wallet gives you a greater sense of security, but this does not imply that it is risky.
Portis uses a sandbox storage system so the users can be assured of the safety of the device. Other websites can read and interpret the data from it making it safe and secure.
Is Portis Wallet Free to Use?
While discussing the Portis, you may think about whether or not it is free to use? With just a few lines of code, users can now change the application from staging to production. They obsessively seek elegant abstractions enabling a user-friendly way.
Surprisingly, Portis is free for the majority of it. It does not charge fees to open an account, nor does it require any fees to use it. Not just that, but the connectivity with Gas Station System has eliminated the need for its users to pay for gas. In a nutshell, it provides its users with comfort and ease without having caused them to lose money.
The low cost and ease of usage of the Portis are frequently mentioned in user reviews. Surprisingly, for the most part, Portis is unrestricted. It doesn’t demand a cost to sign in, and it doesn’t require any commissions or spreads to use it.
Portis Wallet Review: Pros and Cons
|Portis wallet review regarding customer guide support are comprehended.||Portis guide may not be easy at first to understand.|
|Portis uses advanced technology.||Anonymous payment methods could be a disadvantage.|
|You can deposit your crypto using their official website, making it a safer option.||Portis received many negative reviews that could be a serious drawback from the customer side.|
|Portis supports popular blockchain networks such as Ethereum, etc. On all blockchain systems, it enables quick access and end-to-end encrypted transactions.||Few custom tokens are not possible to add.|
|It enables you to simply integrate your codes without the need for any software to be installed.||Users have had problems connecting their cards to the Portis.|
Getting Started with Portis Wallet
The main process to get your cryptos to be stored is to create an account. After completing it, you can even exchange your fiat currencies to buy some cryptocurrencies. Let us have a quick glance at how to send and receive your cryptocurrencies.
How to Receive Cryptocurrencies?
- Step 1: Select the receive option, as it will be the usual step in many platforms.
- Step 2: Receive the address, and a QR code will be displayed.
- Step 3: To verify the address as your Portis address, click the eye symbol.
- Step 4: After that, just confirm the address, and you’re done. As you can understand, the steps are very few and simple to follow.
How to Buy Cryptocurrencies?
In order to send cryptos, you need to own some. That could be the first step to sending your funds.
- You can see all kinds of cryptos that you own by clicking the asset tab.
- Step 1: You can now select the required currencies and the value along with the recipient’s address.
- Step 2: You need to sign a transaction to confirm it.
- Step 3: A pop-up will appear to get a confirmation to transfer your funds.
Pricing and Fees of Portis Wallet
Regarding the fees, a small amount will be deducted if you make any purchase using debit/credit cards. But there are no fees associated with the installation process of the wallet. But, it is not necessary to pay any amount other than the above-mentioned reason. It just deducts an amount from each transaction you make as a gas charge of 1.49%.
It doesn’t demand a cost to open an account, and it doesn’t require any commissions or spreads to use it.
Portis Wallet Supported Coins
Using a debit and credit card, US citizens may purchase BTC, DAI, and ETH (non-US residents can also purchase XDAI) straight through Portis. They also support over a thousand kinds of tokens. Surprisingly, no ID checks are required; KYC level 1 will suffice (email address). Portis offers multi-blockchain cryptocurrencies, such as Bitcoin, Ethereum, SKALE, EOS, xDai, Ubiq, Matic, Thundercore, and many more.
Comparison of Portis Wallet with Other Wallets
|Safe & Secure||Portis is reliable and safer to use.||No major scams or reviews about hacks have been reported till now.|
|How to Use It?||Portis is very easy to use and does not require any browser extension.||Although MetaMask wallet is easy to use, it requires a little knowledge on the technical and software side.|
|Blockchain||Supports multiple blockchains such as Bitcoin, Ethereum, etc.||Supports only the Ethereum blockchain.|
|Browsers||Compatible with all safe and secure browsers making them convenient for the users.||Works only with limited browsers, which could be considered a major drawback.|
Has Portis Wallet Got Hacked Before?
The usage of a sandbox helps to prevent hacking and phishing attacks. This could be one of the biggest issues for people as the act of hackers leads to the loss of all crypto from their accounts. There is no such information of Portis getting hacked before.
You should keep in mind that when you get to use a new wallet, make a thorough study of the company. Make sure whether they use completely safer software as it is necessary to safeguard your crypto. Since cryptocurrencies have been secured with the usage of blockchain, it prevents major hackers and maligning attacks.
Portis Wallet Security
When we force the users to get to know about the private keys, not all can learn about it. You can simply log in by providing your email address and password. It provides easy access, strong security, and end-to-end encrypted transactions on all blockchain platforms.
Also, the platform is secured with google 2FA (2 Factor Authentication) by Google Authenticator, which requires you to verify each time you log in.
Portis Wallet Customer Support
The customer support section plays a major role as the instructions and answers provided by them are very important as it enables users to clear all doubts. Some other websites or companies may offer mail options or other social media ways to clear the users’ queries.
You can simply log in by providing your email address and password. However, there is also a faq section for users, so they can solve their small queries by themselves.
Portis Wallet Review: Final Thoughts
If you decide to enter into the decentralized ecosystem, Portis could be one of the choices for storing your cryptocurrencies. With just using your email id and password, you can log in to their site. But the ultimate decision regarding the selection of wallets should be made by you. I hope the content regarding the Portis wallet review could be useful for you all.
Is Portis.io Legit?
Wallet.Portis.io is the only official safe Portis app accessible. All of the others are scams designed to take your cryptocurrency. Recently, plenty of fake Portis apps has appeared in the Google Play market. Portis is a non-custodial blockchain wallet accessible via browsers.
Can I Use the Portis Wallet for Bulk Payments?
You can now make payments and receive cryptocurrencies of various blockchains through this Portis application. Users’ gas fees can be used to be sponsored, and that helps to automatically confirm transactions. From staging to production, you can use your application with just a few lines of code.
What Type of Wallet is the Portis Wallet?
To describe the Portis, it is a non-custodial wallet with blockchain-based that helps you to connect with dApps super easily. Rather than having to learn about ideas like private keys or seed phrases, just an email address and password are needed to get started. Portis security has not been compromised. With nothing overcomplicated, Portis offers a user-friendly experience for beginners with elegant abstractions. Wallets like Portis are completely anonymous and offer an additional layer of security to the users.
Is Portis Wallet a Good Crypto Wallet?
Well, the answer could be yes! Since there are a lot of advantages in using Portis, one could give it a try to use the software. There is no need to use any browser extension, and the users can log in simply by providing an email address and password. Set a strong password to make your funds even safer.
Is Portis Wallet Anonymous?
What makes the Defi wallets to be more attractive and appealing is that they make completely anonymous transactions. No need to provide your identity and help you in maintaining privacy. The concept of having absolute control over your money enables users to switch over to this blockchain-based Portis wallet.
Now, the users can buy cryptocurrency with complete anonymity that encrypts their login data using Portis. With just a few steps like providing an email and password, you can open your account for a non-custodial anonymous transaction.
Is Portis Wallet Easy to Use?
With no extra apps or browser extensions, they enable user-friendly, interoperable, and flexible experiences for crypto beginners. In this crypto world, all the transactions and security are up to the mark. But, you must also be aware of a few fraudulent sites, which are also common nowadays. You can buy a cryptocurrency and store them in Portis easily. Then you can sign transactions and allow people to interact through smart contracts.
Does Portis Wallet Have an App?
Unfortunately, there is no availability of the google play app. The only safer option for you is to choose the installation through the official website without adding any extra apps. Portis supports many types of cryptocurrency for your convenience.