NEM Nano Wallet wallet review

NEM Nano Wallet wallet review

NEM Nano Wallet
Intuitive Ease of use,  High Privacy,  User Private Keys Stored

NEM Nano Wallet is a desktop wallet for the XEM cryptocurrency and it is the official light client endorsed by NEM. It has a great interface and is in continuous development, and includes extra features like an exchange, mosaics (smart assets with special properties), name spaces and a notarization service called Apostille.

NEM Nano Wallet has a wealth of functions, from basic storage, buying and selling of XEM cryptocurrency using 3 types of wallets (simple, brain, private key) to exchange, smart assets (mosaics), notarization (Apostille), namespaces and aliases, delegated harvesting or voting on issues. The wallet is installed on the desktop and it uses a web interface through Google Chrome.

Company / organization behind the wallets

The NEM Nano Wallet is an official release by the NEM foundation which is incorporated in Singapore and has the purpose of introducing and promoting the NEM Blockchain platform to as many people and organizations as possible. They want to apply the technology to every industry, government, and academia. The president of the foundation is Lon Wong, and there is a large team that works for the foundation all over the world.

Crypto Currencies Support

Language Support

  • Bulgarian
  • Chinese
  • Croatian
  • Czech
  • Dutch
  • English
  • Finnish
  • German
  • Hindi
  • Italian
  • Japanese
  • Lithuanian
  • Polish
  • Portuguese
  • Romanian
  • Russian
  • Slovak
  • Spanish
  • Ukrainian
  • Vietnamese

Supported Systems

  • Windows
  • OSX
  • Linux
  • Android
  • iOS

Partners and integrated software

  • Changelly

The NEM Nano Wallet allows the user to control private keys, so as long as the computer they first use to install the wallet is malware-free users can take their private keys and store them either on an offline device or on paper. The wallet offers multi-signature functions and there have not been any security issues in the past.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
Yes
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

a .wlt backup file is created.

The user-friendliness and ease of use of NEM Nano Wallet is one of its most appreciated characteristics. Despite a large number of features, users seem very pleased with the way it looks and works, and the discussions online rarely involve issues with functionality, design or user experience. The platform is maintained and explained very well and it would be a good solution for long-term savings.

Summary:

NEM Nano Wallet is a great tool for users who want to invest in NEM cryptocurrency, create smart assets and more. Users seem to really enjoy using the platform and there haven't been any security issues. There are detailed instructions on the NEM website and forums about how to use all of the platform's functions.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using credit card
  • Exchange coins crypto to crypto

NEM Nano Wallet has a wealth of functions, from basic storage, buying and selling of XEM cryptocurrency using 3 types of wallets (simple, brain, private key) to exchange, smart assets (mosaics), notarization (Apostille), namespaces and aliases, delegated harvesting or voting on issues. The wallet is installed on the desktop and it uses a web interface through Google Chrome.

The wallet platform has developed a partnership with a 3rd party and integrated the 3rd party services into their software

Help and
support:

  • FAQ section
  • Email
  • Peer to Peer assistance
  • Forum

Most common
customer complaint:

No 2-factor authentication