BlockTrail launches its Bitcoin wallet

     The Bitcoin wallet industry has just welcomed another heavyweight competitor - BlockTrail. While BlockTrail intends to compete with Blockchain and Coinbase , it is also keeping a close eye on Xapo and Circle, which are slightly lighter than these two .

     BlockTrail, headquartered in Amsterdam, recently launched its new multi-platform Bitcoin wallet - a multi-signature digital wallet. BlockTrail Bitcoin wallet is currently available for Android, iOS and computers. According to the company, BlockTrail's Bitcoin wallet is more secure than other Bitcoin wallets that have been launched because it uses multi-signature and HD wallet functions by default.

     Since last year, BlockTrail has been providing Bitcoin API and blockchain technical analysis tools to customers. The company is funded by its co-founder Lev Leviev, who is also the founder of VKontakte. Lev invested $500,000 in BlockTrail as startup capital.

     Unlike other online wallets, BlockTrail's wallet gives its users absolute control over their wallets and money.

     BlockTrail users can create and store their own private keys. In addition, the BlockTrail wallet will never have a situation where the wallet service provider freezes the user's account.

     According to Boaz Bechar on TechCrunch, BlockTrail wallet users have absolute control over the Bitcoin in their accounts, and the company will never block, freeze or hack a customer's account. Ruben De Vries, BlockTrail's CTO, added that it is important to be clear that there are many actions that cannot be performed immediately on BlockTrail wallet accounts because it is a decentralized wallet and Bitcoin does not exist in the wallet.

     Some Bitcoin wallet users may feel that BlockTrail's wallet is a bit slow or unresponsive, and switch to other Bitcoin wallets. However, the core users within the Bitcoin community have a different view on it. BlockTrail plans to provide wallet services to the core users of the Bitcoin community first, and then open its Bitcoin wallet to ordinary users.