Recently, a lot of virtual wallets have appeared on the Web, designed to store several types of cryptocurrencies. One of them is HolyTransaction. User reviews on this site are reminiscent of a rebus: evidence of unstable project operation alternates with satisfactory ratings.
HolyTransaction "died", but his business lives on?
Not so long ago (in 2017), a rumor flashed across the Web, backed up by critical comments from former account owners regarding the closure of a universal wallet.
From this moment, users related to the project under discussion were conditionally divided into two groups. The former were former wallet owners who lost control of their accounts registered at https://holytransaction.com. The testimonials of the victims look quite natural: entrepreneurs who are confident that the site has been closed for a long time are puzzled by the correspondence of the current owners of virtual crypto-storages.
The second conditional group got people who did not know anything about the closure of the project. To this day, they continue to use the services of the site.
What is it? Another example, when a stable working project was subjected to the machinations of competitors or is it scam?
HolyTransaction wallets experts. Reviews 2017
Information released on the World Wide Web last year brought to naught all talk about payment account protection tools, such as multi-signature and an electronic key.
Advanced users once again started talking about the fact that the reason for the theft of funds was precisely in the “leaky” security system. Well, of course, in the rash actions of the wallet owners themselves ... Experts advise everyone who is engaged in trading bitcoins or earning a living remotely not to store earned funds on one financial platform.
The ideal option is to focus the bulk of earnings on a “cold” carrier.
Cold and hot wallets
“Cold” refers to virtual wallets that are not connected to the Web.
If we talk about the so-called hot wallets (browser or electronic wallets, which are characterized by a constant connection to the Internet), the find for those hackers are those whose “smart” contracts provide for the exchange of funds without involving commission agents.
An equally popular method of fraud, according to experts, is phishing - fishing for information in order to enrich or gain access to the user's personal data.
But back to the HolyTransaction reviews. In 2017, the site under discussion was named one of the most popular cash vaults in RuNet.
As for the rumors about the scam, they are not officially confirmed. Information about the closure of the platform unobtrusively penetrates the thematic pages, which, however, does not prevent advanced miners from teaching their less knowledgeable business colleagues to the mind.
The main problem faced by newly-minted HolyTransaction users (feedback from newcomers is evidence of this) is not related to the site. The thing, rather, is the ignorance of inexperienced miners.
What are site users dissatisfied with
Approximately half of the online entrepreneurs who registered accounts on holytransaction.com (reviews were found on the affiliate program members' web pages) report inconveniences they experienced while interacting with the site:
- Transferring funds to a crypto wallet from third-party financial sites (in particular, from a QIWI wallet) is possible only through virtual exchangers. This means that when transferring funds from users, a fee is charged. In fairness, it should be noted that the online exchanger is a very useful invention, in some cases being the only available way to cash electronic money. It would be strange if the owners of the exchanger site did their work for free.
- There have been cases when the owners of the HolyTransaction wallet (reviews confirm this) lost control of the account.
This information can neither be confirmed nor disproved - it comes from unknown people who did not want to disclose their real names.
According to RankW, negative reviews about HolyTransaction (the country of registration of the server is America) did not prevent the project owners from earning more than ten thousand dollars daily.
What does the HolyTransaction project offer to its users
The site, as can be seen from the advertising texts, provides the ability to store more than twenty types of cryptocurrencies. It is not known for what reasons, but one of the owners of affiliate content, mentioning the presence of wallets, clearly lost count. On the Internet you can find advertising web pages whose owners report that HolyTransaction supports thirteen, nine and seven crypto-wallets.
It is well known that site users have the ability to store Bitcoin, Dogecoin, Litecoin and Dashcoin. Cryptocurrency mining freelancers are given the opportunity to accept micropayments.
Thanks to the built-in virtual exchanger, crypto-wallet users can convert available funds without leaving the site.
Pros and cons of holytransaction.com
Positive feedback on HolyTransaction, published at the time on the thematic sites, characterizes this project as easy to use (even beginners can figure it out), safe (two-phase authorization system) and low-cost (funds are transferred instantly, the commission fee is low).
The disadvantages of the crypto storage were the lack of the ability to protect payments with an electronic signature (multi-signature) and the lack of an application for smartphones. By the way, the information released by the project partners is full of inconsistencies. For example, according to another version, a mobile application is still available.
A minor miscalculation on the part of the administration, according to the minority, was territorial limitation. For example, on this site (oddly enough) citizens of America could not get crypto wallets. Some wallet holders do not like the fact that only one address is created for each type of currency.
A serious limitation for many was the fact that only people who have downloaded the Chrome browser on their electronic devices can use the wallet. In addition, advanced users complain, the site was not created in open source, and the key to the wallets is controlled by a third party.
The pros and cons of open source
Using open source code, software developers provide each Web user with the opportunity to freely distribute any version of the package, and colleagues in the workshop can modify, fix and upgrade software utilities.
Open source software, according to advanced Web users, has many shortcomings. Firstly, the “many faces”: everyone who wants to improve or modify the program has every chance to create the latest version and force the owners of now obsolete software packages to update system files.
Secondly, far from all users who are owners of earlier versions follow updates. This deprives them of the opportunity to use files of modern formats, and, most unpleasantly, these people have to work with utilities that may contain system errors.
Even if an open source software package is part of a business project, anyone can edit its source data.
Persons whose professional responsibilities include maintaining financial statements consider this type of software unsuitable for work, as open source software does not have special business packages.