Is virtual currency wallet app legal

1.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

2.

although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

3. In China, of course, it is illegal, so many people have opened a VPN and bought it using foreign trading software

4. I don't know if it's very easy to use. I've only used domain kingdom for the time being. I feel it's OK. At least the transaction security is guaranteed.

5. 1. Ledger wallet
ledger wallet is a hardware wallet with general ease of use and high security
ledger, a manufacturer of bitcoin hardware wallet, is one of the leading companies in the field of digital currency security, which can provide reliable hardware for consumers and enterprises. Ledger is a bitcoin hardware wallet based on smart card, which provides the highest level of protection with advanced technology, as well as usability and controllability. Ledger hardware wallet is a multi-functional wallet. It is a hardware device that can store private key safely. When viewing wallet and sending transaction, hardware wallet needs to cooperate with software wallet to use. At the same time, it supports secure storage of bitcoin, Ethereum and platform token, zcash, etc. Its project is already open source on GitHub. Based on its hardware devices, you can use either the software wallet developed by ledger or the software wallet developed by other teams, that is, you can use ledger with Ethereum web wallet myetherwallet or parity wallet
2. Trezor
trezor is easy to use and safe, so it belongs to hardware wallet
trezor is a high-tech data encryption memory. The proct is proced in Czech Republic. This brand is recognized in the instry as the earliest, most cautious and most secure encrypted memory, and has been verified by global digital currency players as a reliable brand with excellent company record and rich software support. Trezor's security model is based on the principle of zero trust. The principle of zero trust is a security system that assumes that any part of it may be attacked successfully
3. Opendime
opendime is a hardware wallet with general usability and high security
opendime, a manufacturer of bitcoin hardware wallets, is one of the "leading technology" companies in the field of digital currency security. It is affiliated to coinkite, a bitcoin enterprise in Canada, which provides services for bitcoin and lightcoin wallets, as well as payment terminals. Legal currencies supported include US dollar, RMB, euro, Canadian dollar, British pound, Polish zloty, Russian ruble, Australian dollar, Japanese yen, Brazilian currency, Swedish krona, etc. Opendime is a hardware wallet, its private key is generated inside the device, and will not be known by anyone, not even you! Opendime multilingual user interface: Chinese, Japanese, English, Portuguese, French, German, French bring convenience to you
4. Kushen wallet
Kushen wallet is easy to use and safe, and belongs to mobile phone and hardware wallet
the English name of Kushen wallet is coldlar. Kushen wallet belongs to Beijing Kushen Information Technology Co., Ltd. It is a technology company focusing on providing secure storage solutions for encrypted assets. Kushen company is deeply engaged in blockchain security technology, providing various forms of personal wallet procts such as hardware wallet, mobile app wallet, cloud wallet and multi signature wallet, as well as professional enterprise wallet procts. The hardware wallet adopts the "hot and cold separation" architecture, and uses various data encryption transmission methods such as QR code, Bluetooth, NFC, etc. to make the private key never touch the network, completely eliminate the risk of private key being stolen by network hackers, and realize the safe storage of a variety of encrypted assets
5. Bitgo
bitgo is a computer wallet with average ease of use and medium security
bitgo is a high security multi signature wallet, which protects your bitcoin from being stolen and lost. You keep your wallet on your own; Bitgo cannot spend or freeze money. Multiple bitgo wallets are also easy to use and provide advanced security features such as consumption restrictions and multi-user access
6. Keepkey
keepkey is a hardware wallet with high ease of use and medium security
keepkey is a hardware wallet to protect your digital assets such as bitcoin and Ethereum from hackers and thieves. Keepkey wallet supports multi currency hardware wallet, which is currently acquired by shapeshift. Keepkey adopts a unique recovery mechanism, which makes it more secure to use. This mechanism allows users to recover in 12 words. Additional security means that users do not need to store private keys on the device. They can recover their private keys and transactions and then erase the records on the device. This is currently the safest way to store bitcoin
7. Wookong
wookong is a hardware wallet with high ease of use and high security
wookong is a professional encryption digital asset escrow solution (Patent No.: zl201710884108.5) which combines high-strength cryptography algorithm and high-level financial security hardware solution. It has higher security than multi signature wallet and cold wallet. Main customers: financial institutions, exchanges and teams with higher security requirements than ordinary hardware cold wallets and multi signature wallets
8. Coinbase
coinbase is easy to use, medium security, and belongs to mobile phone and computer wallet
coinbase wallets, coinbase wallets come from Toshi wallets, and coinbase wallets are redefining the encrypted wallets that users expect. It's not just a tool for accessing cryptocurrency, you can see it as a foothold for exploring distributed networks. With coinbase wallet, you can: manage Eth and all your ecr-20 currencies (BTC, BCH and LTC will soon be supported); Receive airdrop and ICO currency; Purchase and store cryptocurrency (non replaceable currency, but can be used in the game or traded in the market); Can carry on the currency transaction without the service charge with any person in any place; Buying and selling currency through mass exchange or agent; It can access any third-party dapps to realize the functions of borrowing or lending to earn cryptocurrency by others in the blockchain through verification, service execution or task completion
9. Imtoken
imtoken is easy to use, medium security and belongs to mobile wallet
as a professional digital asset wallet, imtoken wallet is safe and easy to use; Support multi chain and multi currency management and exchange, so that blockchain technology can be better integrated into your life. Imtoken's vision is to make economic incentives consistent, privacy inviolable and value flow freely
imtoken has recently obtained a round a investment of IDG capital of US $10 million. He bin, founder and CEO of imtoken, said that this round of financing will support the development of imtoken's overseas market and the reserve of more technical talents
10. Atoken
atoken is easy to use, medium security and belongs to mobile wallet
atoken mobile digital currency wallet is light and safe, and supports 19 Currencies & Cross Chain swap. It aims to provide more convenient, more secure and more currency multi-dimensional services for the majority of digital currency users, and to build a leader in digital asset storage app.

6.

There are two reasons for the prohibition of virtual currency trading by the state:

1. The price fluctuates violently and the consumer protection is lacking:

virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses

2. Evade supervision and become the "accomplice" of criminal activities:

bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"

the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

extended information

virtual currency transactions are not protected by law:

according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion

in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law

7. Fire Money Wallet is the most reliable

8. Just go to the website or mobile app and click Register to fill in the information. The wallet can't be used as a trading platform. It only has the function of wallet.

9. Bitcoin's wallet platform has never been used or heard of. It is estimated that it is a mobile phone investment app. There are many such investment apps now, and the quality of each platform is different. Many platforms, in order to attract investors, often use a lot of advertising, improve the yield, give gifts and other means to expand the popularity and increase the attention of investors, but their own strength is unknown to outsiders, If you want to know whether a platform is reliable or not, first of all, it depends on whether the investment target is standardized, whether the investment interest rate is too much higher than other platforms, whether the certificates of financing enterprises are complete, and whether other investors prefer not to invest when their evaluation of this platform is unclear. If you want to invest, you can't just look at the interest rate, and you need to be cautious when there are risks