Eternad Mixin Safe ReviewPreparationI go to the mixin safe website to start my journey on using the mixin safe. I click sign in and the image below prompt on my screen. There's a clear instruction on how to move forward in terms of account registration.
I click the download link(Google Playstore) and immediately download the Mixin messenger so that I can already create an account for my Mixin safe.
Mixin MessengerI downloaded the Mixin messenger on the playstore using the download to make sure I'm using the correct application. I registered using a temporary mobile number and immediately received the verification code to create my account using my temporary mobile number.
After a successful account creation, I was surprised on the messenger ecosystem because it's combination of wallet and messenger at the same time since you can use it as telegram/messenger function to chat and send file while store your crypto currency at the same time since it supports multiple crypto currencies.
What makes this better compared to competitor messenger app is it has a scanner feature for an easy login or access to the safe which is very crucial to protect assets on potential malwares installed on a device. The emergency contact feature is really awesome as safety measure in case the mobile number is loss for assets to recover.
I made a deposit on the messenger and my balance was quickly sync even if the transaction on unconfirmed status on blockchain. I think the only downside here is the flat rate fee which you can't customize based on your preferred speed like Electrum but the rest of the feature is nice for a messenger and crypto wallet at the same time.
Suggestion: Introduce biometric option when accessing the crypto wallets and introduce a feature to automatically lock the wallet for a certain period of time so that no one can hack the wallet in case the app is open the background when the phone got lost.
Mornin KeyI download this wallet same process on Mixin Messenger using the instruction provided when creating a safe. At this part, I'm already login on the Mixin safe website and started the procedure on creating safe. I paid 1$ before I can install the app since it's a paid app on playstore. I think the paid part of this app might make the user turn off since it's still on the early process which user usually lazy when they encounter some payment requirement already without seeing the actual product feature.
Mornin Key app use the same process of account registration to the typical non-custodial crypto wallet which user need to write seed phrase for back up purposes. The app is a literal key storage.
I only use it on scanning the code for the safe as owner wallet and signing withdrawal transaction. It's response to scan for approval is quick and smooth. I have no problem encountered when approving all my request using my keys.
Mixin SafeThe UI/UX of mixin safe is very simple yet everything that you need to learn and see is already available just like an open book. I really like the design of being less complicated so that user can easily navigate the website function without many questions because everything is self-explanatory.
(Image taken after my withdrawal) I head over the safe and start to create my very first mixin safe. I really like procedure guide on left side the whole process because it's easier to complete all the requirements when the guide is always readable while I'm currently setting up the requirements.
I setup my network name and choose Bitcoin currency for my safe and use my Mornin key app to scan the code for authorizing a transaction as owner of the safe. This whole process just takes less than a minute until I'm on the part which I need to subscribe the premium plan in order to create a safe.
I pay using Electrum and choose the 2$ premium plan for 1 safe per year since that's all I needed. I encounter some problem on this part because my checkout page become blank white the whole time while my Bitcoin payment is pending. The checkout page finishes the loading process after my bitcoin transaction received 1 confirmation. I just hope that the checkout page will just remain the same and show the status of the incoming transaction including the TXID.
The safe takes a bit time to become active(above 1 minute than the suggested waiting time). I click the received button on the safe and sent my Bitcoin using my Electrum wallet. This time, the transaction is very quick to reflect on my safe balance.
I clicked the send button to test the withdrawal, At this point my deposit have 1 confirmation. I input my wallet address and the amount, I approved the transaction using my mornin key as owner by scanning the qr code and same with mixin messenger for member approval to complete the transaction. Everything went well and the transaction got confirmed instantly after all the authorization is finish.
The mixin safe feature works perfectly as safe since it needs all the party involved to approve transaction from the safe.
Suggestion: Adding hiding safe that already useless (in an event that all party involved withdraw the balance and doesn't need it anymore) so that we can still use 1 free safe included for the basic plan or atleast make the basic plan available to purchased additional safe.
Summary:Mixin safe is very simple and easy to use. It's safe because it requires multiple approval and you can approve all transaction using scan method. Payment method option is convenient since it has multiple option. The transaction speed and website responsiveness in every task is very quick which makes my overall experience smooth on all the process.