Below are some of the best features provided by PlusBit Wallet.
Shared wallets (multi-signature wallets) for group spending and security.
Using a paper wallet sweep you can securely transfer your funds easily to PlusBit Wallet.
PlusBit Wallet is cross-platform app working. Avaialble on iOS and Android. Soon on web.
Your keys are stored on your device, not on a server, signing and then broadcasting the transaction from your device.
Easily Trace and maintain your transaction records for your wallet.
The wallet is highly configurable and customizable.
Below is a list of commonly asked questions and answers.
PlusBit uses your username & password to generate your addresses and access funds. Your username + password is your backup phrase. Don't share it with anyone! A single different character in username or password will create a different set of addresses (e.g. a capitalization, space, order of numbers, etc.). Ensure you secure your EXACT username + password to access your account. Store in a secure location. This is your only backup option to restore PlusBit.
There are individual private keys in WIF (wallet import format) for each asset. Back up each WIF private key that holds assets to maximum protection. Go to Settings tab, click the Private Keys, print your backup document and store securely.
As a results, it is the responsibility of the user to properly manage their credentials. If they are lost, it is not possible to access your account. Again, this is why it is a good idea to back up this data in a safe place. If you don’t own your private keys, you don’t own your bitcoins or any other altcoin. So even if you lose your password and username, you can recover your money with your private key.
If you are recovering a wallet that already exists/existed in ILCoin Wallet, then use the Import Wallet option. Select the appropriate coin, then type in your recovery words. This works with whatever number of recovery words your wallet has.