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HolyTransaction Wallet Reviews

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Country: Luxembourg
Launched: 2014

Expert Review

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Written by Moriah

Blockchain specialist and crypto advisor

Sep 06, 2019

HolyTransaction is a cryptocurrency wallet that is often found in the ratings of the best wallets in Europe and in the news feeds of Western European cryptocurrency media. HolyTransaction multi-currency wallet is convenient and easy to use. These are the characteristics that provided it with wide popularity among traders and investors, as well as enthusiasts working with digital assets. 

HolyTransaction was founded in 2014 with the goal of developing products that would support not only top coins but the entire list of potentially popular cryptocurrencies. It focused primarily on the Western European market, was registered in Luxembourg, under the jurisdiction of which it still exists.

HolyTransaction wallet entered the cryptocurrency market at the end of 2014 and gained a foothold there in 2015 thanks to the support of several “hype” cryptocurrencies that were in no hurry to add other multicurrency wallets.

  1. HolyTransaction Features
  2. Is HolyTransaction Safe?
  3. Conclusion

HolyTransaction Features

Holy Transaction belongs to the hot crypto-wallets segment. It is focused on a crypto user without specific requests and has functionality designed to fully satisfy ordinary needs.

In addition to standard transfer and storage, HolyTransaction offers to buy and exchange cryptocurrencies inside an account using the Cryptocurrency Exchange platform. It compares favorably with other wallets with such services in that third-party exchangers and exchanges are not integrated in the Cryptocurrency Exchange: it is a service directly from the wallet developer.

HolytTansaction Wallet

Holy Transaction is presented as a multi-currency wallet. There are currently 42 supported cryptocurrencies. Among them are the top ones - Bitcoin, Litecoin, Ethereum, Monero, ZCash, as well as coins that at the time went to the top, but are not very popular now - Decred, Syscoin, Peercoin, and others.

The service offers an API - a software user interface that can be integrated into your platform as a payment widget. Using this widget, visitors can pay for the services offered by the business owner or donate to the blogger. The money will be credited to the user’s account in the HolyTransaction.

HplyTransaction Advantages

Is HolyTransaction Safe?

One of the most controversial issues is the safety and reliability of HolyTransaction.
Account information, private keys, and other data are located on separate servers in secure repositories. The system of "cold" storage is combined with an encryption system for data transfer, which ensures the security of the wallet, which meets the standards of large European banks. Also, according to the developers, security system checks and tests are regularly conducted, which allows us to identify and eliminate vulnerabilities on time.

HolyTransaction Dashboard

Users can supplement wallet protection in two ways:
- Set up two-factor authentication. When registering, this is a required item, but then you can turn it off. When disconnected, the limit for withdrawing funds is automatically set at 1000 EUR.
- Set the maximum idle time in an open account. The range is from 5 minutes to an hour. If the user does not perform any actions within the set time, the customer automatically logs out. The function can be disabled.
But this does not cancel the vulnerabilities associated with the HolyTransaction format as an online platform.

Conclusion

Despite the controversial issues, it should be noted that the online format is one of the most user-friendly. The client does not depend on the computer on which the wallet is installed, should not additionally ensure its security and can transfer, receive or exchange cryptocurrency at any time anywhere in the world where there is Internet access.

For users with tablets and smartphones, there are mobile applications. But even putting them is optional: the developers claim that the HolyTransaction website and wallet, in particular, are adapted for mobile devices and work through any popular browser on Android and iOS.

The wallet works quickly, the fees are quite low, and technical support responds promptly to messages about minor problems.

In general, HolyTransaction will be convenient for those users who need to transfer, store, exchange and withdraw not very large amounts of cryptocurrency to both online platforms and offline.

Our score

Security 4/5
Support 4/5
Ease of use 5/5
Reputation 5/5
Fees 4/5
Our score
4.4/5

pros

- User-friendly interface
- Storage a number of types of currencies simultaneously in a wallet
- Fast registration process without verification
- Exchange the currencies within the platform

cons

- No option to top up the account with fiat money

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Kindish 14 February, 9:13 AM
5.0

It has quick access to the crypto assets, 24h support. I don't feel the lack of support like many mentioned in reviews. Good service with the good working features.

qwerty 13 September, 12:48 PM
3.0

Wallet of the lower segment. There are no pros here, but you can use it, I used it several times without any problems