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Maiar Wallet Review 2021

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Maiar is a leading crypto wallet and global payments app that allows you to relish the digital side of the trading world with a guarantee of security. The Maiar app is available on every software, be it Android or iOS. Besides offering unlimited security features, what makes Maiar global? To make things transparent for you, we are reviewing the wallet inside-out. 

About Maiar global payments app

Maiar is a digital non-custodial wallet that runs on every mobile phone unless it has a verified phone number and stable internet connection. The interface of the app is user-friendly, with classic features which make it rule globally. The great app is free to download and effortless to set up. The app wallet is supported in every country except those that are restricted to cryptocurrencies

Elrond network extension

Talking more about the Maiar DeFi wallet, it is an extension of the Elrond network, designed with advanced security to secure keys and tokens. The Elrond Network, an Internet-scale blockchain, is designed to improve significantly by being scalable, efficient, and secure while maintaining a sufficiently decentralized setting.

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The team introduces a novel Adaptive State Sharding mechanism to achieve this, enabling scalability as more nodes join the network by parallelizing transaction processing. Another innovation is a Secure Proof of Stake (sPoS) algorithm which allows the processing of upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost.

Supported coins

The digital assets Maiar supports include EthereumBinance, Elrond gold (ERD BEP2, EGLD, and ERD ERC20). Well, that is not the end. Sooner or later, Maiar will include BitcoinLitecoin, and Bitcoin Cash on the list. 

Trading fees

Maiar exchange’s great app is free to download. But to secure your keys, and alter the transaction speed, a small amount of fees applies to every transaction you make. You pay a minimum of $0.001 for every transaction. Not forget to mention, Maiar lets you know about the fee it will deduct on transactions. Nothing is hidden or surprising. 

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Maiar Wallet’s features

Progressive security

The modern verification techniques and edge-cutting data encryption are what make Maiar everyone’s favorite.

You can securely store crypto on your mobile from the seed phase stage if you lose your phone or it gets stolen.

User experience

Maiar believes that the sky’s the limit. Following this motto, the team is expanding the business and improving the user experience.

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Intuitive internet-scale blockchain technology offers a gamified approach to traders.

The team introduces a novel Adaptive State Sharding mechanism to achieve this, enabling scalability as more nodes join the network by parallelizing transaction processing. Another innovation is a Secure Proof of Stake (sPoS) algorithm which allows the processing of upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost.

Supported coins

The digital assets Maiar supports include Ethereum, Binance, Elrond gold (ERD BEP2, EGLD, and ERD ERC20). Well, that is not the end. Sooner or later, Maiar will include Bitcoin, Litecoin, and Bitcoin Cash on the list. 

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Trading fees

Maiar exchange’s great app is free to download. But to secure your keys, and alter the transaction speed, a small amount of fees applies to every transaction you make. You pay a minimum of $0.001 for every transaction. Not forget to mention, Maiar lets you know about the fee it will deduct on transactions. Nothing is hidden or surprising. 

Maiar Wallet’s features

Progressive security

The modern verification techniques and edge-cutting data encryption are what make Maiar everyone’s favorite.

You can securely store crypto on your mobile from the seed phase stage if you lose your phone or it gets stolen.

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User experience

Maiar believes that the sky’s the limit. Following this motto, the team is expanding the business and improving the user experience.

Intuitive internet-scale blockchain technology offers a gamified approach to traders.

Maiar DeFi wallet

Rewards

How can we forget to mention the eGold rewards you earn on the Maiar DeFi digital wallet? Share the referral links in your circle. Whenever someone trades crypto coins, you get a 100% commission on crypto money. 

Maiar DeFi wallet

Tips to securely store crypto on Maiar wallet

Here are some tips that will make your trading experience on Maiar wallet even better:

Read the terms and conditions

No doubts things seem clear so far. Still, there can be some hidden stories. Do your research before providing your information to the wallet.

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Set back up

Mishaps can happen at any time, but for that, you should be well-prepared. Set the built-in backup plan to secure your keys and tokens.

Set a strong password

Don’t be lazy while setting up your account’s password as an ordinary one. Add upper-lower characters, symbols, and numeric to make the password stand out.

Maiar DeFi wallet

Use all features available

Whether the multi-signature transaction feature or the 2FA, ensure you are using it all to secure your crypto project.

Exchange and securely store your coins

Never even in your drunken condition share the private keys to anyone. We repeat, NEVER! Secure the keys somewhere safe where no one can reach. 

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Maiar DeFi wallet

Keep updating the antivirus

Don’t be a careless person. The private keys are the only proof that shows you the legal owner of the coins. Keep updating the antivirus software on your phone to avoid hacking and tracking. 

Advantages of the Maiar Wallet

  1. Seamless onboarding
  2. News & daily digest
  3. Multiple coins
  4. Non-custodial
  5.  Earn & staking
  6. Progressive security

How to create a Maiar wallet

Enter the phone number to create an account and click Continue. That’s safe. The wallet does not store any user data: all private keys and personal information, including a phone number, are stored on a local device. You need a phone number so that you can send tokens to contacts on your smartphone.

Enter the 6-digit code to verify your phone number.

The wallet has been successfully created. The next step is to fund it with EGLD tokens. But before that, we recommend making a backup. To do this, first, go to the Profile section. And then open the wallet settings.

Now select Secret Phrase. After you save a backup of your wallet, you will have a checkmark labeled Backed Up, as in the picture below:

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Maiar Wallet Review 2021 1
Source: Medium.com

For security reasons, the seed is not displayed by default. To show the mnemonic password, click on the icon marked in the screenshot below.

Maiar Wallet Review 2021 2

The Maiar wallet warns that you must not share your seed phrase with anyone. Otherwise, your wallet will be compromised. The recovery phrase must be stored in a protected place inaccessible to unauthorized persons. Read the wallet recommendations carefully and click Ok.

Wrapping Up!

With Maiar DeFi, a digital crypto wallet meets the innovative style of trading.

  • The non-custodial feature of the wallet makes the registration process more straightforward and effortless, even for beginners. 
  • The eGold referral reward system is the cherry on the top feature. How amazing it is to make extra coins by doing nothing.
  • Lastly, make sure to read the terms and conditions in detail before registering your account. 

One word of caution, though, hero tags can be “stolen.” As always, when trading, ensure the wallet id is correct. Usually good to check the last 5 digits and possibly the first 5 to confirm. Things like hero tags are cute but just window dressing. Maybe Elrond can look into this severe complaint by users.

FAQs

What’s Progressive Security?

When having nothing to lose, you start light and gradually receive security suggestions proportional to your store assets.

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What more can I do with a Maiar wallet?

You can use a Maiar wallet for staking EGLD: Click on the button located in the middle of the Maiar wallet navigation panel. In a drop-down menu with options, select Earn. The section that opens will display active delegations and accrued awards. To delegate tokens, click Stake.

How can I stake using a Maiar wallet?

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The Maiar developers have created a convenient mobile wallet for storing and transferring EGLD tokens.

Is there more about Maiar that I should know?

 The wallet has other notable features, such as herotags. They use DNS and replace complex, illegible addresses with simple names that the user can choose. 

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Peter Schiff Names Real Reason Behind Bitcoin Drop

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Popular digital assets critic believes that measures against inflation are the real reason behind the most recent market correction

The famous Bitcoin and crypto critic, Peter Schiff, provided his Twitter subscribers with a potential reason behind one of the largest corrections on the cryptocurrency market this year.

According to Schiff, Bitcoin’s correction was tied directly to the Fed’s action toward risk assets like cryptocurrencies and some stocks. Previously, Jerome Powell hinted that tapering might happen sooner than the market expects.

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In addition to the end of the quantitative easing monetary policy, Powell has stated that the point rate may be increased sooner than was expected due to the inflation’s change of nature, which has become a real threat to the country’s economic safety and stability.

All of the actions that the Fed is currently taking are designed to control inflation, which is currently hitting highs previously observed back in the Depression era.

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High-risk assets like Bitcoin and other digital assets were allegedly considered a store of value for those who wished to protect their funds from increased inflation. Schiff is a widely known critic of cryptocurrencies, and he believes they should not be considered an inflation hedge.

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Whales Suddenly Move $320,000,000 in Bitcoin to a Single Destination – Here’s Where the Crypto Is Headed

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Crypto whales just moved over 5,800 Bitcoin (BTC) worth more than $327 million into a single destination, according to a whale-surveilling platform.

Whale Alert tells its 1.8 million followers in a series of tweets that in the last 24 hours crypto whales are relocating thousands of BTC amid a correction that saw Bitcoin tumble to a new 30-day low of $52,416.

Five of the transactions involved shifted BTC from wallets of unknown origins to popular US-based crypto exchange Coinbase. Meanwhile, one transaction moved a large sum of Bitcoin from global crypto exchange Binance to Coinbase.

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Here’s a summary of the BTC transactions:

While crypto investors tend to be concerned that a massive influx of Bitcoin into the crypto exchanges might indicate downward selling pressure, insights firm Into the Block reports that centralized exchanges recorded more outflows than inflows during the past week.

The crypto intelligence platform says,

“Bitcoin recorded nearly $2 billion in net outflows from centralized exchanges, the highest level in five weeks.”

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At time of writing, BTC is down nearly 7.14% on the day to $52,557.

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Ethereum Price Analysis: ETH drops 25 percent from previous swing high, ready to recover?

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  • Ethereum price analysis is bullish today.
  • ETH/USD rejected further downside at $3,600.
  • Previous support at $3,950 is currently tested as resistance.

Ethereum price analysis is bullish today as we expect further recovery to follow after a strong reaction higher from the $3,600 was seen this morning. Likely ETH/USD is set to break above the current resistance, moving to regain even more over the weekend.

Ethereum Price Analysis: ETH drops 25 percent from previous swing high, ready to recover? 1
Cryptocurrency heat map. Source: Coin360

The market has seen strong bearish momentum over the last 24 hours. The market leader, Bitcoin, has lost 17.23 percent, while Ethereum 14.83 percent. Meanwhile, the rest of the market has seen even more substantial losses.

Ethereum price movement in the last 24 hours: Ethereum breaks below $3,950 previous support, rejects more downside at $3,600

ETH/USD traded in a range of $3,739.39 – $4,647.29, indicating extreme volatility in the market. Trading volume has spiked by 113 percent, totaling $41.2 billion, while the total market cap trades around $465 billion, resulting in the market dominance of 21.16 percent.

ETH/USD 4-hour chart: ETH reacts back to previous lows

On the 4-hour chart, we can see the Ethereum price swiftly rejecting further downside after touching the $3,600 mark this morning.

Ethereum Price Analysis: ETH drops 25 percent from previous swing high, ready to recover?
ETH/USD 4-hour chart. Source: TradingView

Ethereum price action saw strong bullish momentum during the first half of the week. After establishing and retesting the new low at $3,950 last weekend, ETH/USD started to move higher on Monday quickly.

Ethereum reached $4,750 resistance by Wednesday, as bulls were eager to move towards the previous all-time high. However, more upside did not follow, leading to a reversal over the next days.

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Another attempt to test upside was seen Yesterday, with the following rejection leading to a strong spike lower. Overnight, the Ethereum price broke past the previous swing low at $3,950, leading to more downside this morning. Strong reaction, preventing further downside, was seen at $3,600, with ETH/USD since moving back towards the previous low.

Ethereum Price Analysis: Conclusion 

Ethereum price analysis is bullish today as we saw a swift drop to $3,600 met with a strong reaction higher this morning. Therefore, we assume ETH/USD has set a new swing low, and further recovery should follow over the weekend.

While waiting for Ethereum to move further, see our articles on the Best Crypto Wallet 2021, Decred Wallet, and Ripple vs SEC.

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