The quest to find the ultimate mobile Bitcoin wallet is far from over, as there are still plenty of options left to explore. In fact, this series will continue for a few more weeks by the looks of it. Regardless of all that, we will be taking a look at Ninki: The Bitcoin Wallet today. And this mobile Bitcoin wallet packs a ton of security features.
Ninki: The Bitcoin Wallet
Right off the bat, there is a small issue with installing Ninki on your mobile device. Not every device is supported, and my mobile phone – Xiaomi Note 4G LTE – is not officially supported. But there is a positive side, as Ninki is also available as a Google Chrome browser plugin. Not exactly portable unfortunately, but it’s better than nothing for this review.
One of the things I have to clear up before going further is that Ninki – the company – is not just a Bitcoin wallet provider. In fact, they want to create the world’s first Bitcoin Wallet Network. This goal is to be achieved by putting a strong emphasis on security and offering their users total peace of mind.
In order to make Ninki: the Bitcoin Wallet more accessible to everyday users, the company has taken a slightly different approach to sending money between users. Instead of scanning a QR code or remembering a Bitcoin wallet address, Ninki lets you send Bitcoin to other people in the “wallet network” by selecting the name and clicking a button.
Note from the Author: While I am personally not a fan of creating mini-ecosystems within the Bitcoin ecosystem, this approach is taken by Ninki: The Bitcoin Wallet seems to be on the right track. Maybe we will see such a “point, click and pay” feature in Bitcoin Core in the future as well.
Combining top-notch security features while not compromising on user-friendliness is not easy to achieve, yet this company seems to be doing a relatively good job so far. Their Bitcoin wallet looks crisp and clean, with bright colors where needed and no clutter on any of the app screens.
Speaking of focusing on security, Ninki: The Bitcoin Wallet packs a ton of features under the hood. 2-of-3 Multisignature accounts are one of those features, giving the user total control over his/her funds at all times. Plus, you can rest assured that Ninki will not run off with your money, as they only hold one of the three multisignature keys. And two keys are required to create a dependable transaction.
Furthermore, there are some more “standard” security features in place, such as two-factor authentication, deterministic wallet addresses and backup codes for 2FA. But there is more, such as the countersigning service, and the option of setting up transactions and velocity limits to keep the majority of your funds locked down should your device be stolen.
Security is not the only important aspect of Ninki: The Bitcoin Wallet, however, as the developers have put in a few interesting “everyday usage” options too. One of those features is the option of creating Bitcoin invoices for your clients, which can be done directly from inside the wallet application. Especially useful if you are traveling abroad and striking a new business deal.
These invoices are encrypted and signed using PGP, one of the most commonly encryption methods on the Internet. Last but not least, any customer can pay his/her invoice with a single click. This makes paying Bitcoin invoices a breeze, instead of having to log into your online wallet service or loading up the regular Bitcoin Core client on your desktop PC.
Images courtesy of Ninki: The Bitcoin Wallet