BitGo Cryptocurrency Wallet Pros and Cons

Primarily, it stands out due to the insurance offered to the customers for the assets that are held through custodial services amounting to a maximum of $100 million, as stated by the BitGo.

Also, it provides customers with the added layer of protection of their wallets from loss, theft and other physical damage. Adding to this, BitGo supports many ERC-20 tokens as well as bitcoin (BTC) and ether (ETH) crypto.

Due to this, it becomes a convenient mechanism for covering a wide range of digital assets. For organizations involved with large amounts of digital assets in their case, one of the best alternatives of bank also combines custody services, regulatory compliance, insurance coverage and its multi-signature technology. Review collected by and hosted on G2.com.

Costly premium features like insurance and custody services are included. In contrast to more straightforward wallets that provide free or inexpensive services, the costs may be exorbitant for smaller enterprises or individual users. Review collected by and hosted on G2.com.

There are multiple best aspects of the Bitgo Wallet. Here are the some which i think would be the best to describe as a versatile platform as it support multiple cryptocurrency such as bitcoin, etherium etc. As it is dealing with wide range of digital assest security becomes the major aspect for such platform which is again another best feature of this wallet as providing top notch security. Also they doesn't just offer secure storage also integrate with liquidty provider. These are not only best feature they are much more to go. Review collected by and hosted on G2.com.

As every wallet comes with pros and cons, there are some cons such as limitation of availability in some countries. Another one is related to ocst and complexicity i.e for small scale user they are charging premium fees and for user who don't have much knowledge face little difficulty while navigating as this is multi-signature wallet. Review collected by and hosted on G2.com.

1 > Security : This reduces the risk of unauthorized access and ensures that transactions are secure.

2 > Institutional Focus: The wallet is designed with institutional clients in mind, offering features like compliance tools, insurance, and custodial services. Review collected by and hosted on G2.com.

I Liked Everything About Bitgo but I think For me Cost matter some time. Review collected by and hosted on G2.com.

Intuitive and a Solid new project for crypto investments Review collected by and hosted on G2.com.

Needs more attention in CS but overrall is fine for a new CEX Review collected by and hosted on G2.com.

I love using Bitgo, I can easily manage my cryptocurrencies on the platform, besides, the multi-signature system provides additional security for us Review collected by and hosted on G2.com.

I don't see any downside except BitGo uses a single server to process transactions, which can become a vulnerability in case of failures or attacks. Review collected by and hosted on G2.com.

The UI interface is elegant and quite fast. It has 2FA and IP checks built in that it's a must in the crypto business, and a good workflow to authorize different users within an organization to access to different features. Review collected by and hosted on G2.com.

Bad customer services. We had a claim that took days to be resolved. The sync between some blockchains and the API / UI doesn't work and they don't do anything about it, we reported many times that the Avalanche integration was not working, funds poured into a wallet in an Avalenche testnet were never reflected, how you can develop products around the BitGo API if you cannot test the features in a testnet first?

Finally, documentation is also a problem, took me hours to realize how to map some test coins into real testnets, like GTETH which means ETH on the Goerli testnet, at first glance you don't know whether those names correspond to a blockchain (that is not ETH), a token.. or whatever. Review collected by and hosted on G2.com.

We can be slightly more peaceful considering the fact that Bitgo is our partner and they are doing everything to keep the Assets safe. So if we perform our duty and ensure secure systems at our end, we can be sure that all our assets are protected twice. Setting velocity limits, ensure our losses are limited. Review collected by and hosted on G2.com.

Very Expensive. Especially in the bear market where exchanges are finding it difficult to survive and many popular exchanges closing, bitgo fees is a big burden for a growing exchange. Instead of charging a a % fee which increases linearly, it would be great if there are fee tiers. It is in Bitgo's advantage to ensure profitability of their clients.

We appreciate that Bitgo has worked hard to launch multiple coins in the last one year and we also understand the technical limitations, but till more coins need to be supported.

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I can transfer money internationally without having any TAX, Secure payment with wallet ID, Purchase things apart from base Country, Deals.. etc, everything will be done privately. Review collected by and hosted on G2.com.

Honestly nothing with this bitGo currency. Because i use this to deal and buy Playstation 4 digital games, from iron countries. The point is, i dont know why people is not updating. Why they are not following the modern international bitgo currency. instead they are going with the taxful transactions only... I hope their mindset should change and hoping to move with current generation Review collected by and hosted on G2.com.

What I like the most of Bitgo crypto wallet is the format of this app. I can easily type in the address in which I want the money to go to and its there. Unlike the other wallets in the market's this doesn't ask for the amount in which you chose to send, unless needed to. And it converts it all by itself. Review collected by and hosted on G2.com.

There really isn't that much complaints you're going to get from me. Other then I wish I had known about this program when I started dealing with cryptno currency. Review collected by and hosted on G2.com.

What is great with bitgo is the ease of use of the back office for dailly business and its reliability

The control systems flexibility especially for multisignature accounts is great and last the support team is responsive and helpful.

Great job Review collected by and hosted on G2.com.

The validation process if short is nevertheless a bit cumbersome/overshooting as you need to get onto a validation video with the staff for very small things sometimes.

Pricing is still a bit too high on the withdraw side as well to foresee a very very long term relationship. Meaning that once and if a company can develop its own secure wallet capabilities.... it will be happy to get out to save on the transaction cost. Review collected by and hosted on G2.com.