E-wallets – Are they safe?

Rupesh Kumar

3 years ago

Life is convenient with technology by your side. Keen gamblers can now play darmowe gry hazardowe automaty hot spot, and fashion/food/technology enthusiasts can create content and generate money out of it. Now, this reminds us of an important topic – money!

There was a time when pickpocketing increased in various cities. People lost their wallets in unfamiliar destinations. Even though men and women still carry wallets, but you have a choice. You can either carry a fancy wallet with lots of cash and cards, or you can choose to keep an e-wallet. The question is – Are they safe? Let’s find out through this information (and short) post.

What’s an e-Wallet?

An e-wallet is also known as a digital wallet. It is an online prepaid account wherein you can store money or transact money offline/online. You can either use your smartphone or your computer to gain access to the e-wallet.

The transaction is immediate, and it serves the same purpose (storing money). Many people choose to pay via e-wallet because it is much more convenient. Instead of going to the bank or the ATM, an e-wallet allows you to transact money in an easy-breezy way!

Is it safe to use e-wallets?

Let’s cut to the chase and answer your questions as clearly as we can!

E-wallets are safer as compared to a regular wallet. Theft snatches are still common in many cities. A needy person or a criminal may snatch your purse/wallet and keep the money, cards, and everything that you have in it. When you have an e-wallet, your money is secure in the digital wallet. Even if your phone gets stolen, the thief cannot gain access to your e-wallet.
Physical cash is good to use – you can make payments quickly. However, there are instances when the shop owner does not change. It can be annoying for those who wait for a long time to get some loose change. Thus, consider getting an e-wallet and make payments quickly with just one touch. You don’t require the exact amount here – you can enter the amount and pay.
Most of the transactions that happen online require a password. If the thief or any other criminal/hacker is trying to gain access to your money, e-Wallets will be safer to store your hard-earned money.
It is easy to use. Physical wallets need to be placed in a secure space. Digital wallets do not require space – they are present in your phones. Moreover, you don’t need to be a tech geek to handle your digital wallet.

Skip taking your wallet along as there is always a risk of it getting stolen. When you have a digital wallet, the money in it does not go anywhere. You can go to the wallet, change the password, and other settings to ensure that the phone thief does not access your e-wallet.

Summing up

Reap multiple benefits with an e-wallet – store, save, pay, and send money. It is about time we should embrace a cashless society. This way, you will also get to save the environment! Why cut billions of trees to make paper? Use an e-wallet and be safe from theft snatchers. In a nutshell, e-wallets are much safer. You must use it and stay miles away from theft snatchers and cyberbullies.