Obvious Wallet Review – Can Clients Rely On This Wallet?

This multi-chain wallet solution provides a secure platform for storing, swapping, and tracking hundreds of cryptocurrencies across various blockchain networks. Yet, is it the best option for you? 

Many wallets in the market have valuable features that are not quite suitable for everyone, so keep reading our detailed Obvious Wallet review to find out for yourself.

User Feedback

Looking into the Obvious Wallet reviews, the platform has garnered positive feedback on Product Hunt, with users praising its ease of use and robust feature set. One user highlighted the impressive crypto recovery services. At the same time, another review applauded the app for its great functionality, while other users emphasized its simple interface. 

Despite the overall satisfaction, the platform could benefit from attracting more user reviews to provide a comprehensive outlook on its capabilities. With only 22 reviews, the current user base is pleased. However, broader user feedback is needed to give a wider outlook of the full client experience.

Security – Related Entity

The wallet is incorporated in Delaware, USA, with additional presence in Bangalore and Dubai. Additionally, we found an entity HashHalli Inc., which shares co-founders and owners with Obvious Wallet. 

Despite the extensive experience of all co-founders, with over 25 years in the field, both firms lack proof of regulatory adherence. While crypto wallets are not required to be regulated, transparency regarding the legal framework they operate within is essential for building trust with users. 

Regulation for a company like HashHalli Ltd. would depend on the nature of its operations and the jurisdictions it is active in. However, it’s different for Obvious Wallet since it operates in the USA. This could include regulations related to financial services as well as general business regulations applicable to companies operating in the USA.

As such, a clearer statement or information regarding the laws and regulations Obvious Wallet and HashHalli adhere to would provide users with a better understanding of their operations. For individuals looking for another US-established firm, check out Arkham Intelligence, a blockchain analysis company.

Fee Structure

When executing transactions on the Obvious Wallet app, members have two main cost options: gas fees and transaction fees. Gas fees are necessary for completing activity on the Obvious Wallet blockchain. They are entirely dictated by the network and are usually paid in the network’s native token. Obvious Wallet allows users to select which token to use for these payments. 

Transaction fees, on the other hand, include Obvious fees and DEX/Bridge fees. Overall, the platform does not specify the exact fee amount it charges for transactions, which can be a problem for some clients wanting to try out the wallet.

Accessibility – Obvious Smart Wallet App

The app offers a range of appealing features, including Google sign-in options, an on-ramp to buy crypto, tokens, and NFT portfolio management, in-app bridge and swap functionalities, easy installation, custom themes, and both light and dark modes. These features suggest a well-rounded application designed to enhance the user experience; however, the negative feedback and unresolved issues we found prevent a clear verdict. 

While the app boasts a 4.5 out of 5-star rating on the App Store and has over 10,000 downloads on Google Play, user feedback presents a confusing picture. Some users report issues, such as being unable to withdraw funds and encountering unresponsive support links, while others accuse the app of being a scam. Potential users should weigh these mixed reviews carefully when considering the Obvious Wallet app.

To download the Obvious Wallet, there are a few simple steps:

• Search for “Obvious Wallet” and select the app
• Click on the “Install” button and wait for the app to download and install on your device
• Once installed, open the app and click on “Get Started.”
• Choose to create a new wallet and follow the prompts to set up your wallet

Once the wallet is set up, the Obvious Wallet login is available, and members can familiarize themselves with the platform and start managing their assets. Compare it with other crypto wallets in the market, like Bither Review, a wallet that supports Bitcoin. 

Pros & Cons

Features & Pricing

Built on blockchain technology, the platform provides easy access to money, allowing users to store, save, and spend. One of the standout features of the Obvious Wallet platform is its support for a wide range of cryptocurrencies. Users can store, swap, and track hundreds of cryptocurrencies, including:

Additionally, the Obvious Wallet platform offers an easy integration solution for developers. The Obvious Embed feature allows developers to integrate the Obvious Smart Wallet into their apps in just 5 minutes with a few lines of code. 

In terms of the Obvious Wallet pricing, the app is free of charge, as well as the Basic account. While the Premium account is USD 15 per month, however, there is a promotional period currently. Therefore, we advise clients who are interested to visit the official website for up-to-date pricing information.

Accounts Compared

Both Obvious Wallet accounts have the same features. However, the Premium account offers better rates and benefits compared to the Basic account:

• The Premium account has a lower transaction processing fee of 0.25% compared to the Basic account’s fee of 0.5%
• ACH transfers are free for Premium account holders, while they cost USD 1 for Basic account holders
• Fedwire In transactions and SEPA transfers cost USD 5 for Premium account holders, while they cost USD 10 for Basic account holders

Overall, the Premium account offers lower fees and costs, making it a more cost-effective option for users with regular needs compared to the Basic account. Even though the free version is always the less preferable option, the Premium version has a free trial for the first three months of opening an account.

FAQ