About Fortmatic Wallet
Fortmatic Wallet (Magic) is a hot wallet, which enables users to use decentralized apps and access tokens from their address on Ethereum. Rather than Extensions or seed phrases, it uses either a phone number or email address for authentication. It was founded in 2018 by Sean Li. However, in 2020, they announced that they would be changing its name to Magic. Moreover, it is a platform for developers to integrate blockchain technology into their applications.
Fortmatic Pricing
Fortmatic pricing is generally divided into four parts:
Free:
The free users can enjoy the following features, including:
- Unlimited sign ups and 250 Active users.
- Around 10,000 requests per day.
- Multi-Factor support and community support channel.
- Ethereum Virtual Machine compatibility.
- Working with web3.js & ethers.js.
Don’t settle for less
Expand user funnel.
65% of users interact with apps on mobile web – not just desktop.
Integration in minutes.
Nothing to change if your app already works with web3 and MetaMask. Fortmatic is a better alternative to MetaMask.
Security compliant.
Fortmatic Wallet is SOC 2 Type 1 compliant with a non-custodial HSM architecture.
Increase user conversion.
Slash user onboarding steps by 70% with a familiar Web 2.0 experience.
Full control over UX.
Is customizeable, embedded, and doesn’t take users away from your app.
Multi-factor authentication.
User have access to: OTP code, device 2FA, recovery email, and more.
Fortmatic Wallet Features
- Accessibility- Compared to other tools like metamask, for interacting with dApps, Fortmatic can be run on any mobile device or browser. Therefore, users can quickly sign in and use the dApps irrespective of their location.
- Compatibility- Not only can users access Fortmatic wallet from any device, but it’s also easy for developers to integrate its blockchain. Moreover, it is compatible with a wide range of blockchain platforms and just a few lines of code away from implementing it.
- Customization- Fortmatic gives complete control of the UX to the developers. As a result, they can easily customize and embed the UX according to their requirements.
Developer-Friendly
Fortmatic Wallet a developer perspective, Fortmatic is extremely simple to integrate. For any existing web 3 application, Fortmatic can be integrated by pasting a few lines of code.
Security
Fortmatic uses hardware security module (HSM) cryptographic anchors, a security mechanism which is used by many of the industries top custodial solutions. With this, hackers must attempt to crack encrypted keys within the organisation’s infrastructure; meaning their progress can be detected and obstructed, significantly reducing the potential for losses.
In other systems, hackers can simply download private keys and attempt to crack them freely on their own hardware – free of any monitoring.
Fortmatic Support
Fortmatic Wallet has a separate section for customer support where you can enquire about your doubts. The Fortmatic support also contains an FAQ section organized into individual units, including transactions, fees, etc. The developer “FAQ” section is also there for developers to get their queries solved. Additionally, there is a “submit a request” column to submit your query along with your mail-id. Usually, it takes around 24 hours to receive any response.
Is Fortmatic safe to use?
When it comes to safety, Fortmatic is one of the most secure platforms due to its non-custodial (admin can never see user’s private keys) Delegated Key Management architecture.
It delegates encryption and decryption operations to Amazon Web Services (AWS), Key Management Service (KMS), and Cognito. Another advantage to the users is they can directly interact with AWS’ KMS on the client-side.
At Fortmatic, all service communication only supports TLS (Transport Layer Security). As a result, user data transported between Fortmatic servers and the user browser is end-to-end encrypted. It will help to prevent man-in-the-middle attacks.
Tips for securely storing your Fortmatic Wallet
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Maiar.com use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Maiar.com care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
