Decentralised cryptocurrency wallets are applications and devices that allow you to store the private and public key of digital coins yourself, without trusting a third party to do so. Also popular at the moment are so-called web3 wallets, which are services that allow you to connect to decentralised blockchain-based applications and exchange transactions directly with them without intermediaries. The editors of Profinvestment.com bring to your attention a list of the most popular decentralized wallets with which you can safely and conveniently manage your digital assets.
Key features of DeFi wallets
For decentralised finance (DeFi) to develop successfully and gain global acceptance, its platforms must be secure, easy to use and easily accessible. Wallets play an important role in this.
Decentralised wallets are non-custodial. This means that users can store their keys personally without depending on anyone else. The first DeFi wallets were launched on Ethereum, and their user experience and interface left a lot to be desired. However, the development has gone very quickly, and today we have excellent user-friendly and easy-to-use services at our disposal.
Many wallets have additionally integrated dApps, making it easy to connect to decentralised finance applications. And almost all of them are completely anonymous, meaning they don’t require KYC.
This is the best DeFi Wallet. It is a cryptocurrency wallet that serves as a link to access the decentralised applications of Etherium. In addition to ETH (Ethereum’s own currency), this wallet supports transactions with ERC-20 and ERC-721 tokens. Most users connect to MetaMask via browser extensions (Brave, Chrome, Microsoft Edge and Firefox), but it also has a very handy mobile app.
When creating an analogue of MetaMask, special attention should be paid to security, as this service mainly uses a web interface, which increases the risk of a security breach. It also has new asset management tools and will need to implement integration with Instadapp and Compound Finance, as well as compatibility with the ENS service (which allows binding a readable domain name to a cryptoadress) and ERC-721 tokens.
Atomic Wallet is designed to be simple enough for anyone to use, even if you don’t have any technical experience.
Atomic Wallet was founded in 2017 by Konstantin Gladic, its current CEO and co-founder. The wallet is available for different platforms: Windows, Linux, Mac. You can also use a convenient and secure mobile app, under: Android, iOS.
Atomic Wallet allows you to securely store and manage coins like: BTC, ETH, XLM, XRP, LTC and more than 300 other coins and tokens. The wallet’s crypto-assets and features are regularly updated. Atomic Wallet also allows users to buy cryptocurrency directly from their wallet, for Dollars, Euros (and other currencies).
The wallet also supports stacking. That means you can transfer coins, to your wallet and earn interest for having your coins in stacking! With all list of steaking coins you can familiarize on an official website of a purse!
Trust Wallet aims to handle both popular assets and collectible NFT tokens. In addition, it allows you to stack Binance Coin, Tezos, Bitcoin (via the Venus app), Ethereum (via the Venus app), Cosmos, Tron and Cake at a profit of up to 130% per annum.
Trust Wallet is available for iOS and Android mobile devices. Cryptocurrency purchases from the card are possible, but not for all assets. The built-in exchanger is linked to the Binance DEX cryptocurrency exchange – you can exchange the assets it supports directly in the wallet’s user-friendly interface.
Ledger Nano Wallet
Ledger Nano is available in two versions: Ledger Nano S and Ledger Nano X. It is a hardware wallet that is considered the best way to protect your assets. Ledger wallets can be used as a DeFi-Wallet via DeFisaver. The Ledger wallet can be purchased online from the official website (shipping is free), and delivery usually only takes 7 days! What many of you may not know is that Ledger wallet supports an entire ecosystem of cryptocurrencies, and has a high standard of wallet security.
Speaking of well-known DeFi wallets, Trezor is worth mentioning. Trezor is considered the safest and most secure way to store bitcoins. It is a cold wallet. It has two usage models. Trezor One is a cost-effective way to transfer funds, while Trezor Model T has higher rates.
The Model T is designed for secure cryptocurrency transactions. The advanced cryptography and private transactions that take place within the wallet’s architecture make it more flexible and secure. To confirm a transaction, you need to enter a pin code on the touchpad. If you lose your Trezor Model T, you can always recover your funds via private keys.
Its main features are its low cost and the fact that the keypad layout changes every time you enter the pin code. It will be difficult for fraudsters to gain access to your wallet and decentralised web application.
These decentralised cryptocurrency wallets are more than just a place to store digital assets, they are also full-fledged tools for interacting with the DeFi sphere. You can connect to protocols that allow you to earn money, exchange assets, borrow cryptocurrency credits and more in seconds. With a wide range of wallets to choose from, you can find the most convenient option for any occasion, and WalletConnect makes the process even easier and more flexible. It is worth noting that it is also very important for the development of DeFi itself that the best possible management tools are made available – this ensures fast adoption.