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FLX Partnership Limited, a company launched by eSmart, has produced a new cryptocurrency hardware portfolio that has recently hit the market. In case it was not enough news, the product is currently at its biggest sale ever at almost half of its normal price.
Before getting too excited about FLX One, let's look at the cryptocurrency portfolios and let's have a look at FLX.
Wait, what's a Cryptocurrency wallet?
If you're new to Bitcoin and other cryptocurrencies, you're wondering what a wallet is. A portfolio of cryptocurrency is how they organize and use their participations in cryptocurrency.
There are three main types of cryptocurrency portfolios. The first two are mobile and desktop wallets. The third is a physical hardware portfolio of cryptocurrency, also known as cold storage. They are in the form of a small object that you can carry with you. The hardware wallets usually look like old model MP3 players. They have a small display, a couple of buttons and some cable ports. You can connect them to any Windows, Linux or Mac machine as an external device.
Mobile and desktop cryptocurrency portfolios have a number of advantages. They are convenient, easy to set up, usually free and easily accessible, as they are on the phone or on the computer. The use of a mobile or desktop portfolio also means that you do not have a thing to carry around yet. However, they are not as secure as the hardware wallets.
Apart from the advantages, the cryptocurrency hardware portfolios have some disadvantages. Using them means that you still have something to carry around, and they are not free. However, considering the level of security they provide, they are a necessary expense if you hold large amounts of cryptography.
A look at FLX One
FLX One looks pretty typical for a cryptocurrency hardware portfolio. This is the size and shape of some old MP3 players, with a small digital display and a directional pad for easy navigation.
The hardware portfolio works with a & r; mobile app, available for Apple and Android devices. FLX One connects to the FLX app wallet and to the phone via Bluetooth or a wired connection. The app is free, but you need to buy the wallet itself. The cost is US $ 230, which goes far beyond the price of most of the hardware portfolios out there. However, the company is currently managing a holiday sale, so you can buy it for $ 130. FLX One is available on their website or Amazon.
FLX boasts that their hardware portfolio is "innovative" and while most of its features are pretty simple, it has a couple of unique skills. Most of these concern security. For example, FLX One closes phone communications while accessing the app. Even the hardware portfolio is set to go off if it detects that it has been tampered with. Security features like these could help justify the price of $ 230.
FLX One comes with the unit, a key to back up your account in case your FLX One is lost or damaged, an instruction manual and cables for uploading and transferring data. The portfolio currently has two languages, English and Chinese, although the company plans to add French and Spanish in future updates.
A look at FLX
So, what do we know about FLX Partnership Limited? Not so much.
The first sign of the company's existence dates back to early October when they began to launch social media pages, in particular Facebook and chirping. Another advance notice of the site was a post on NewsWire. We do not know when that post was originally created, how it was later modified (is it paranoid to point out that the NewsWire post was modified on the same day that the first, on two currently existing, Amazon's review of the product was posted?) .
FLX may not have been around for a long time, but they claim a previous source, as they are owned by eSmart. The Internet of Things company, based in San Diego, has been active for at least 2016. FLX is also a partner of Crypto Beast, a UK cryptocurrency monitoring site that appears to have appeared at the start of this year. # 39; year.
Should you buy FLX One?
So far, we have seen (almost) nothing, but the positive things have said on FLX One. Perhaps all these things, however, have been said by FLX and related companies – none of which has been in the game for too long.
The only drawbacks that Amazon users mention are the fact that the wallet does not support Ripple (now it seems that it does) and that the combination of bluetooth is "a bit funky" with older Android phones.
FLX One promises a lot of great features, and now it would be a great time to try it considering the sale of the holidays on their site. However, there are many other large hardware portfolios that are cheaper and come from older, more reliable companies. We are eager to see what happens with FLX, but the cautious investor may want to look at it from a distance.
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