HolyTransaction is an online wallet service which supports multiple cryptocurrencies and also facilitates exchange between the cryptocurrencies it supports. It was established in 2014 giving it many years of operation in the cryptocurrency industry. Users give up control of their private keys to HolyTransaction when they use the wallet. The wallet supports over ten cryptocurrencies. Transactions and exchanges in the wallet are made instantly by HolyTransaction and confirmed at a later stage. The technology of how they do this is unclear from their website.
The wallet is not hierarchical deterministic and does not have multi-signature functionality. Users can enable two-factor authentication for an extra layer of security. HolyTransaction uses both hot and cold storage for users funds. There are no specifics noted about how much of the funds are held in cold storage and how much in hot storage. HolyTransaction also notes that they complete regular security audits. There are no additional fees associated with using HolyTransaction. The regular network fees are charged for completing transactions.
HolyTransaction is supported on web browsers, Android, and iOS. HolyTransaction has been noted to be easy and straightforward to use. In terms of wallets, there are other options with better security features. The security features that HolyTransaction claims are not verified. One key benefit is that HolyTransaction has no fees.
- Operating since 2014
- A wide variety of cryptocurrencies supported
- Exchanges between cryptocurrencies and instant payments
- Easy to user
- Supported on web browsers, Android, and iOS
- No additional fees
- Users can enable two-factor authentication
- Users give up control of their private keys
- Questionable security
- No fiat currency supported
- Other wallets have better security measures and are more transparent