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Summary
Bitamp Wallet is an easy-to-use, open-source web Bitcoin wallet. It enables Bitcoin investors to manage their assets from web browsers without needing to install a native application or browser extension. Bitamp is lightweight and offers high-level privacy by not storing users’ wallet keys and IP addresses.
Your first step towards investing in Bitcoin is finding a wallet that serves your needs. While many wallet providers support the Bitcoin network, many of them fail to satisfy users’ needs, especially for users who prioritize privacy. Also, for investors who want to sift through the noise and focus on P2P Bitcoin transactions.
We came across Bitamp Wallet and found it interesting. For several reasons, but mainly because it significantly simplifies the process of owning a Bitcoin wallet and spending Bitcoin. In this article, we will review Bitamp Wallet and what it offers to the everyday Bitcoin enthusiast.
What is a Bitamp Wallet?
Put simply, Bitamp is a simple, open-source Bitcoin wallet purpose-built for Bitcoin management and spending. It is designed to enable anyone to own and operate a Bitcoin wallet from anywhere in the world. Bitamp is a web wallet that can be accessed from web browsers on mobile and desktop devices. It features an intuitive interface that allows easy P2P Bitcoin transactions while maintaining user privacy.
With the Bitamp wallet, you can start spending your Bitcoin with only a few clicks. No downloads needed, no long setups or synchronizations, the core advantages of Bitamp Wallet are simplicity, availability, and privacy. Bitamp Wallet was launched in 2020 and maintained publicly through open-source development.
Key Features of Bitamp Wallet
Here are the main features of Bitamp Wallet
Web Wallet for Bitcoin transactions
Bitamp wallet lives on the web. Provided you have access to the internet and an internet browser, you will be able to access the Bitamp wallet and set up a Bitcoin account. Bitamp doesn’t require you to download a wallet application to your device. The wallet creation process is similar to creating an account on any other internet platform, or easier. There are no geographic restrictions for the Bitamp wallet.
Secure Bitcoin transactions
Bitamp Wallet is a non-custodial web wallet with blockchain-level security. While you perform your transactions on the Web, Bitamp ensures that your transaction data and wallet information are not accessible to eaves droppers. Bitcoin held and transacted via the Bitamp wallet is secured with blockchain encryption, while user data are concealed. According to Bitamp, it also doesn’t store users’ IP addresses.
While using Bitamp, ensure that your browser’s connection is secured. Check for the padlock icon in the left corner of the search area and ensure that the website has an https prefix.
Wallet Key and User Privacy
Bitamp wallet does not store users’ private keys. Users are also not required to provide any personal information before using the wallet. Non-storage of users’ wallet keys ensures that hackers cannot access them through phishing links.
Easy accessibility and borderless Bitcoin Transactions
Bitamp wallet can be used by anyone, anywhere. It scales Bitcoin adoption by providing a simple means of spending Bitcoin. Anyone from any region in the world can access the Bitamp platform, create an account, and start trading with Bitcoin. Using the Bitamp wallet, you can also send bitcoin to anyone.
Open-source Development
Being an open-source application, anyone can contribute to the Bitamp wallet’s development. On the other hand, anyone can also audit the source code to validate security and privacy claims. With a globally maintained codebase, Bitamp Wallet is closely monitored for security vulnerabilities. Constant audits also ensure that foul players do not target users with malicious deployments.
Secondary features of Bitamp Wallet
Other significant features of Bitamp Wallet include;
Bitcoin and Blockchain Education
Bitamp offers resources that educate users about Bitcoin, blockchain technology, and wallet operations. On the learn section of the Bitamp Wallet platform, users can access tutorials and explanatory content with information on wallet security, P2P transactions, and blockchain technology.
Multi-language support
Bitamp Wallet supports over 10 languages, including English, French, Chinese Mandarin, and Portuguese. You can easily select a language you understand to simplify your usage process. Multiple language support expands the wallet’s reach and improves user experience.
- Complete key privacy: Bitamp wallet ensures user privacy by not storing wallet private keys or passphrases.
- Intuitiveness: The Usage process for Bitamp is straightforward
- Easy Accessibility: Bitamp Web wallet can be accessed on any device through the Bitamp website.
- Cypherpunk Culture: Bitamp Wallet mirrors the native cypherpunk culture of Bitcoin. It is simple, private, and focused on P2P transactions.
- Hardware wallet account support: While Bitamp doesn’t directly support hardware wallets, users can import their hardware Bitcoin wallet accounts to the web wallet.
- Supports only Bitcoin: The Bitamp wallet currently supports only Bitcoin. No EVM or Bitcoin ecosystem assets can be transacted on the wallet.
- Web-only application: Currently, there are no native mobile or desktop applications; users can only manage their accounts through the web wallet.
- No Advanced features: Bitamp wallet can only be used for P2P Bitcoin transactions; it doesn’t support Ordinals, BTCFI, or Bitcoin L2s.
How to Use Bitamp Wallet
Here’s a guide on how to use the Bitamp Wallet. To start using the Bitamp Bitcoin wallet, visit the official Bitamp wallet platform.
Creating a new wallet
- To create a new wallet, click Create Account from the homepage
- A new private key and passphrase will be generated for you.
- Confirm your wallet by entering your passphrase or private key in the provided text box.
- Click I’VE WRITTEN DOWN MY SEE/PRIVATE KEY, LOG ME IN to continue
How to import an existing wallet
- To use your existing Bitcoin wallet account or log in to your Bitamp wallet
- Click Log In on the homepage.
- Select a preferred login method.
- Enter your correct details and click the Log In button to continue
Transacting with Bitamp Wallet
To receive Bitcoin on your Bitamp wallet
- Navigate to the Receive section and copy your wallet address.
- You can also generate an automated payment by entering the amount you intend to receive. The sender can scan the barcode to send the requested amount.
To send Bitcoin
- Navigate to the Send section
- Enter the recipient’s address and the amount you intend to send.
- Click SEND BTC to complete.
Ensure that you are interacting with the correct website. Verify links before clicking.Here is the Onion address: “bitampgt5htkfk5ek6bnzzwgr2iuvoeqgy2fofqib2yx7yegnqzgmsid.onion”
Final Review Verdict
If you are a crypto investor whose primary interest is Bitcoin and Bitcoin transactions, then Bitamp could be a great utility. You can easily access your wallet on the web via any device. Bitamp removes the need to install applications or sync the Bitcoin network history before making a transaction. In a nutshell, it simplifies account management for Bitcoiners. As an open source application, users can easily audit the application, which ensures transparency. According to Bitamp, it does not store users’ keys anywhere. Offline key storage makes for better privacy and security.
From a user standpoint, Bitamp is a ‘good have’; however, in its current stage, it lacks a lot of features that improve user experience. The crypto space and Bitcoin ecosystem are expanding. Wallets that support new Bitcoin features like Ordinals and BTCFi are becoming the go-to applications. Bitamp only supports P2P Bitcoin transactions. This use case is very limited. While a web browser is important, native mobile applications are generally more user-friendly. Also, the Bitcoin-only support further limits its scope.
Considering the obvious plans to add more services and features in the future, the Bitamp wallet could get better in these areas. Adding support for Bitcoin Lightning transactions and in-wallet exchange will significantly boost the wallet’s appeal. That being said, the Bitamp wallet generally adds a layer of simplicity to spending and managing your Bitcoin. Ensure to securely store your wallet keys.
