The term web3 has been tagged as the future version of the internet, poised to disrupt several industries the same way web2 disrupted web1 or the same way Netflix impeded Blockbuster movies. This new wave of technology has been firmly rooted in decentralized applications making extensive use of blockchain technology, as well as machine learning and artificial intelligence (AI), to help improve smart and adaptive applications.
Hence, with the massive adoption, many DApps, DeFi, wallets, and other innovations are being developed to ease the mode of entry. Web3 wallets essentially grease the wheels of web3; helping individuals, as well as companies, manage their digital assets conveniently. It provides accessibility and scalability. This article will highlight the top 6 wallets you can harness to manage your assets and find your way into the web3 space.
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Methodology
Our process for selectin the top web3 wallets was extensive and conducted over a period of six months. Many factors were taken into consideration, such as security, features, crypto support, and more.
Exodus: As a web3 wallet, Exodus was chosen because of support for multiple assets, NFTs, DApps, and platforms support. It also supports in-app features like staking and fiat on-ramping.
Paybis: This is a werb3 wallet that is available on browser and mobile. It uses MPC technology to secure your wallet. Paybis stands out for its multiple payment options as well.
Coinbase Wallet: Coinbase Wallet is a Metamask alternative. It has similar features, such as a browser extension, mobile wallet, support for Ethereum and EVM chains, and more.
COCO Wallet: Is a wallet that uses MPC technology, biometric verification, and is seedless. This gives it a level of security not offered by many other wallets.
ZenGo Wallet: Another wallet that is password-less, seedless, and uses MPC technology and facial recognition technology to suit users.
OKX Wallet: Versatile, allowing users to send, receive, and trade. It is also portable because it comes as a mobile wallet or you can use it in web browsers.
YouHodler Wallet: Is available on Android and iOS. It also alows you to earn yield on your idle cryptocurrencies directly from inside the app.
Bitget Wallet: Available on browser and mobile. It uses Double Encryption Storage Mechanism (DESM), provides revolutionary security and protection.
Guarda Wallet: Platform agnostic, allowing for support on Android, IOS, Linux, Mac, Windows. Also has fiat on-ramps and a host of other features.
Metamask: This is the premier wallet for the Ethereum ecosystem. It has extensive support for EVM chains, ERC-20 tokens, and NFTs.
Rainbow Wallet: Comes with NFT support, WalletConnect integration, and large support for Ethereum. It also has an approved list of verified tokens.
Trust Wallet: Has many fiat on-ramps, allowing you to purchase crypto directly from inside of the wallet. It also has many features and support for many cryptocurrencies.
Argent Wallet: A smart contract wallet that has Ethereum , StarkNet, and zkSync support. It also integrates some Ethereum applications.
Math Wallet: Is a multi-chain wallet that supports over 100 popular blockchains. Your crypto is protected by private keys, mnemonic phrases, two-factor authentication, and other security measures.
Cypher Wallet: Cypher Wallet is another multi-chain wallet that allows access to layer 2 blockchains for bridging. It also ahs an in-app browser and fiat on-ramps.
FoxWallet: Is a protocol agnostic wallet that supports multiple chains, rollups, and testnets. It also has a native browser and in-app DApp exploration.
To learn more about BeInCrypto’s Verification Methodlogy, visit the link.
- What is a web3 wallet?
- What are the top 16 web3 wallets
- 1. Exodus
- 2. Coinbase Wallet
- 3. Bitget Wallet
- 4. COCA Wallet
- 5. YouHodler Wallet
- 6. Zengo Wallet
- 7. OKX Wallet
- 8. Paybis Wallet
- 9. Guarda Wallet
- 10. MetaMask Wallet
- 11. Rainbow Wallet
- 12. Trust Wallet
- 13. Argent Wallet
- 14. Math Wallet
- 15. Cypher Wallet
- 16. FoxWallet
- Benefits of using web3 wallets
- Why do I need a web3 wallet?
- Frequently asked questions
What is a web3 wallet?
In simple words, web3 wallets are digital platforms that give access to the web3 space. They are similar to regular crypto wallets, allowing users to store, send, and receive cryptocurrencies. Moreover, through these wallets, users can interact with smart contracts, transact NFTs, develop blockchain platforms, and connect with communities. Web3 wallets create a wide range of valuable applications beyond the normal existing digital wallets out there. Usually, these wallets have in-built browsers.
Overall, they are non-custodial wallets, meaning you can transact in a more secure way without worrying about middlemen such as banks. Also, you have full control over your funds, and you don’t have to go through the series of KYC/AML steps while creating one.
Here are some of the major terms associated with web3 wallets:
- Public Key: This is an alphanumeric string that allows you to deposit and receive crypto transactions.
- Private Key: Similar to passwords, it is a large number used to confirm transactions. Everyone has access to web3 wallet public keys, but a private key allows you to claim ownership to access your funds.
- Seed Phrase: It is a list of 12–24 random words used to retrieve a crypto wallet.
You can use your web3 wallet from anywhere in the world. Let’s explore its major benefits.
What are the top 16 web3 wallets
Here are the most popular and reliable web3 wallets to pick from.
1. Exodus
Exodus is a self-custodial wallet that does not compromise on security. Users can secure their crypto assets through biometric verification in the form of fingerprint and facial recognition verification. With Exodus, you have more than 335 crypto assets to choose from and you can store and manage NFTs as well.
There are many features available inside the app that you would normally have to use outside of a wallet. Some of these include staking, a DApp browser with trusted sites, and fiat on-ramps. This limits the potential for encountering scams and phishing sites, adding another layer of security.
Exodus offers 24-hour customer assistance and an online help center for quick responses to concerns. Aside from secure trading and staking choices, it includes real-time charting for efficient portfolio management.
— Install the Exodus app on your device
— Go to the app’s home page
— Select Create Account
— Choose Secret Phrase
— Enter the phrase you received when you signed out of your account
— Select Next at the bottom
2. Coinbase Wallet
This is another self-custody wallet that offers access to thousands of tokens and DApps, allowing you to store your NFTs (ERC-721 tokens) all in one place.
The wallet offers seamless access to decentralized finance (DeFi), and you can link your Ethereum tokens to many DeFi projects. In addition, users can partake in legitimate online airdrops, which increases their chances of getting free crypto coins.
You can also use DeFi liquidity pools to lend or borrow and swap assets on the available decentralized exchanges. Notably, the wallet supports ICOs, which helps users explore new coins at the best possible prices. Furthermore, you can harness the decentralized web on your phone or browser and explore the available crypto-friendly stores.
With Coinbase wallet, you can also become a DAO member and participate in big web3 projects.
The wallet is keen on securing users’ details as it stores the private keys locally and employs 2FA to maintain access. In addition, the Coinbase wallet uses a four-digit security PIN, which can unlock the wallet and help in confirming transactions.
– Download the mobile app and choose “Create new wallet”.
– Accept the Privacy Policy and Terms of Service.
– Set a unique username.
– Set username privacy preferences.
– Choose a security method (biometrics or passcode).
– Backup and confirm your 12-word recovery phrase.
3. Bitget Wallet
Fueled by a partnership with the Bitget Exchange, the BitKeep wallet has revamped itself as Bitget Wallet. This web3 wallet is expansive, allowing integrated trading features (e.g., DeFi limit orders), multichain support, an in-app DApp browser, an NFT marketplace, proof-of-stake staking, and enhanced encryption techniques to secure your funds from malicious actors.
The wallet’s flagship cryptography, Double Encryption Storage Mechanism (DESM), provides revolutionary security and protection. In line with recent market trends, Bitget Wallet also has a watch-only mode for further protection. If this does not set your mind at ease, then the $400 million Bitget protection fund is sure to set users’ worries at ease.
The Bitget wallet supports 90 mainnets and over a quarter million cryptocurrencies — including BRC-20 tokens. In order to alleviate the complexities of a modular web3 world, users can count on GASU.
GASU is the official token for GASUtopia, a cross-chain gas infrastructure that streamlines the process of migrating to multiple blockchains. Users are able to get reimbursement of gas fees by using Bitget Wallet.
The wallet is keen on securing users’ details as it stores the private keys locally and employs 2FA to maintain access. In addition, the Coinbase wallet uses a four-digit security PIN, which can unlock the wallet and help in confirming transactions.
– Launch the Bitget Wallet app and select “Create a Wallet”.
– Decide on a 12-word or 24-word mnemonic phrase and store it securely.
– Set a security pin code.
– Opt to enable notifications and set a nickname for your wallet.
– Go to “My Wallet” and select the backup option at “Back up Mnemonics”.
– Follow on-screen instructions to back up the mnemonic phrase.
4. COCA Wallet
COCA Wallet, in partnership with Wirex, introduces a revolutionary approach to digital finance with its MPC Wallet and non-custodial debit card, making it a standout in the world of crypto wallets.
Launched with recognitions like ‘#1 Product of the Day’ on Product Hunt and accepted into Money20/20 Asia’s startup program, COCA Wallet signifies a leap in secure and convenient digital finance.
The wallet leverages MPC technology to eliminate traditional security vulnerabilities, offering a safer and more intuitive way to manage cryptocurrencies and fiat money. Coupled with advanced biometric verification and a unique routing engine, COCA Wallet ensures the best rates for crypto transactions while enabling secure, fee-free cross-chain swaps.
– Download the COCA Wallet app.
– Sign up with your email address.
– Complete the email verification process.
– Choose a secure PIN and/or enable biometric registration.
– Secure your account with biometric data and a unique recovery file
5. YouHodler Wallet
Based in Switzerland, YouHodler offers an all-inclusive crypto platform. Some products include a desktop and mobile wallet, along with a range of additional features.
This platform aspires to be a comprehensive solution for all your crypto storage requirements, with complementary services that seamlessly align with the crypto wallet.
At YouHodler, you have access to more than 50 assets, including all the major ones. The wallet can be conveniently accessed via a web browser on a computer or on Android and iOS mobile devices.
Furthermore, intriguing features are at your disposal, such as earning up to 12% APR on your crypto holdings, accessing loans with up to 90% loan-to-value, and the ability to employ yield-generating strategies to enhance your crypto experience.
– Visit Youhodler using the link below
– Fill in the registration form, including country, email, and password.
– Verify your email with the sent code.
– Complete phone verification with SMS code.
– Go to “Profile” to start identity verification.
– Upload ID documents, take a selfie, and verify the address with the provided documents.
6. Zengo Wallet
Israel-based company, Zengo, prides itself on its user-friendly interface. Zengo currently supports more than 120 cryptocurrencies, with more to come as the product matures. The platform supports the majority of the major tokens, including Bitcoin, Ethereum, Tether, Dogecoin, and others.
They’ve replaced the traditional private key with two mathematically created secret shares. One share is kept on your mobile device, while the other is sent to the Zengo servers. This is somewhat common to custodial wallets. With custodial wallets, exchanges keep your private keys on their servers.
Furthermore, everything is encrypted with a 3D biometric scan of your face. With this mobile wallet, you can: earn interest on select coins and tokens, swap, and store your digital assets. The mobile app is globally available; however, features such as third-party payment providers are region-specific.
Some fees are associated with using Zengo. These fees are broken down by the following activities: crypto-to-crypto, fiat-to-crypto, and crypto-to-fiat. Crypto-to-crypto fees are 0.5% plus network fees. Fiat-to-crypto is 5.99% with a debit or credit card, 1.99% for EU and UK resident bank transfers, and 0.1% for stablecoins in select regions. Crypto-to-fiat charges a simple 1.99% fee.
– Download the Zengo app
– View the introduction slides, and enter your email.
– Verify your email and enable FaceID.
– Set up a Recovery Kit for account security.
7. OKX Wallet
The OKX Wallet is a cryptocurrency wallet developed by OKX, a major cryptocurrency exchange. The wallet is designed to provide users with a secure and convenient way to store, manage, and trade various cryptocurrencies.
It offers features such as multi-currency support, built-in trading capabilities, easy access to the OKX exchange, and options for staking and earning rewards.
The OKX Wallet is available for both mobile devices and web browsers, allowing users to access their crypto assets and manage their portfolio on the go.
The wallet also includes an asset recovery feature. MPC technology eliminates the need for traditional keys and seed phrases by splitting a user’s private key into three parts.
– Download the OKX Wallet extension for Firefox or Chrome.
– Opt to create a new wallet or restore an existing one.
– Set a wallet password.
– Back up your seed phrase securely.
– Verify seed phrase backup for confirmation.
8. Paybis Wallet
Paybis is known for its straightforward and intuitive design, making crypto trading a breeze for users. With a sleek interface and speedy payouts, it blends the security of non-custodial wallets with the convenience of custodial ones.
Advanced MPC technology ensures top-tier security, as Paybis never fully stores the private key. Users can also check their funds on any blockchain explorer with specific addresses.
Paybis stands out for its fast security procedures and multiple payment options like Credit/Debit cards, Google Pay, Apple Pay, ACH transfer, and Skrill. Its low fees, $5 minimum investment, and appealing bonuses such as fee-free first transactions and discount codes make it a top choice for many.
– Visit Paybis using the link below
– Enter your email and use the code sent to you to verify it.
– Next, enter and verify your phone number using another code sent by Paybis.
– Read and agree to the terms, refund, and privacy policy.
9. Guarda Wallet
Guarda Wallet is a multiplatform crypto wallet that is non-custodial. Guarda wallet offers a multi-functional platform that caters to the diverse needs of its users. Not only does it serve as a safe and secure digital wallet for many cryptocurrencies and tokens, but it also extends its functionality by offering a prepaid Visa card. This card seamlessly bridges the gap between the digital currency world and traditional financial systems.
The prepaid Visa card provided by Guarda can be used like any regular bank card, granting you access to shop or make transactions in any corner of the world where Visa is accepted.
Direct Spending: By integrating this card, users can conveniently spend their cryptocurrency assets without having to go through the hassles of transferring them to a traditional bank account or converting them first.
Guarda wallet supports over 50 coins and a massive list of over 400,000 tokens. This expansive list ensures that users have the flexibility to manage a diversified cryptocurrency portfolio all in one place.
For those who wish to grow their cryptocurrency assets over time, Guarda offers staking capabilities with potential annual yields of up to 40%. This provides an attractive avenue for users to earn passively from their holdings.
Whether you’re an Android user or have an iOS device, Guarda has got you covered. Their dedicated mobile applications ensure that users have access to their wallets, manage their assets, and utilize the prepaid Visa card features right from their smartphones.
– Visit Guarda.com and select “Launch app”.
– Click “Create a new wallet”.
– Choose a password
– Confirm you’ve safely stored the password by selecting “I’ve written it down”.
– Download the prompted backup file.
– Safely store the backup, as it contains encryption for all private keys.
10. MetaMask Wallet
MetaMask is a non-custodial wallet that allows you to buy, store, send and swap tokens. It’s available as a browser extension on Chrome and other popular web browsers. MetaMask is available on both Android and iOS.
It’s essentially built for the Ethereum Blockchain, where users get to save Ethereum and other ERC-20 tokens. Through MetaMask, users also get to explore many decentralized apps by providing a secure way of integrating projects and interacting with on-chain applications.
For more advanced users, MetaMask allows you to interact with DApp in a permissionless approach. This means that there’s no need to link your private keys to DApps, making the whole process much safer.
While the wallet is mainly for the Ethereum Blockchain, it offers seamless access to other EVM-compatible networks, including Binance Smart Chain, Polygon, HECO, and more. You also get to create many wallets, all with one app.
MetaMask gives you absolute control when transacting. You get to choose what to put out as well as what to keep private. It secures your login details, and private keys are encrypted. You only need to keep your seed phrase safe so you don’t lose access to your account.
– Download the MetaMask extension/app.
– Install MetaMask and select “Get Started”.
– Choose “Create a Wallet” and agree to the terms if prompted.
– Create a strong password.
– Store the provided seed phrase securely.
11. Rainbow Wallet
As stated on its website, Rainbow is a non-custodial, fun, easy-to-use, and secure wallet that allows users to create an Ethereum wallet, collect NFTs and explore the new world of web3.
It currently works well on iOS and Android mobile devices.
The wallet comes with a series of innovative features, such as NFT support, WalletConnect integration, and much more.
The Rainbow wallet offers an easy-to-use platform that provides users an inbuilt swap functionality. This allows you to transact between multiple ERC-20 tokens without an external exchange. This wallet also ensures you don’t fall victim to scam projects, so it has an approved list of verified tokens safe to swap.
Rainbow wallet prioritizes security, as it allows users to store their encrypted private key in iCloud for seamless account recovery. If you have a problem keeping your seed phrase secure, Rainbow wallet allows you to back it up so you don’t lose access to it.
– Download Rainbow from the App Store.
– After installation, choose to create a new wallet or import an existing one.
– For new wallets, follow the on-screen prompts.
– For existing wallets, import via private key, Ethereum address, or ENS name.
– Access the wallet address via the “Copy address” button.
– Store any backup or recovery details securely.
12. Trust Wallet
Trust Wallet is a web3 wallet that provides diverse access to millions of cryptocurrencies and NFTs hosted on different blockchains, including Ethereum, and Binance Chain. You can fund your wallet directly via third-party providers, including Mercuryo, MoonPay, Ramp Network, Simplex, Transak, and Wyre.
It works well on mobile devices, and it is effortless to find your way around the app. It only requires a few minutes to set up. Trust Wallet also allows users with other wallets like MetaMask or MyEtherWallet to import their details using their secret phrase or private key.
Users can earn rewards on their holdings by locking up their funds directly from their wallets. Some of the few tokens available for staking are BNB, Cosmos, and Tezos. Trust Wallet also provides an inbuilt browser for DApps, so you have direct access to your favorite DeFi products and discover new ones, all within one/two dashboards.
In terms of security, the wallet is secured by a 12-word recovery phrase and accessible on both Android and iOS using PIN or biometrics. Perhaps one setback to this wallet is that it doesn’t support 2FA, meaning if someone intrudes on your account, you can’t entirely stop their access as you can’t set up a confirmation code to email or text message.
– Download Trust Wallet
– Install and open the app, then click on “Create a new Wallet”.
– Accept the terms and continue.
– Securely back up the provided 12-word recovery phrase.
– Verify the recovery phrase by filling in the words in the correct order.
– Confirm wallet creation.
13. Argent Wallet
This wallet allows you to buy, earn, stake, and trade on Ethereum Layer 2 with low fees. Ultimately, Argent wallet is developed to integrate Ethereum DApps into a single application with a comprehensive interface. It goes all-in for Ethereum, supporting only all Ethereum-based tokens and NFTs.
Users only need their phone number and then create a username. This username can be used to send and receive cryptos similar to traditional payment platforms like Cashapp.
Argent wallet offers “Bulletproof security,” meaning users can easily recover their wallet without a seed phrase. Instead, it uses a “social recovery” method, which revolves around nominating close relatives “Guardians” to help confirm a user’s account in case of a lost or new device.
The wallet integrates many of Ethereum’s platforms, such as Compound and Kyber, letting you earn by staking tokens within the app, with no in-app browser. Argent combines them into its mobile app, easing the whole process of investing. It also supports WalletConnect, for tokens that are not directly integrated into the Argent wallet.
– Using Chrome, navigate to the Argent website.
– Click “Create a new wallet”.
– Review the disclaimers and select “Continue”.
– Create a unique password for your Argent X wallet.
– Click on “Finish” to complete the wallet setup.
– To use Argent X, navigate to “Extensions” in Chrome.
14. Math Wallet
The Math Wallet describes itself as the multichain wallet of the web3. It impressively supports tokens and coins on over 100 blockchains. This multichain mobile wallet is available on Android, IOS, and doubles as a mobile extension. The mobile app houses standard wallet features, such as sending and receiving, while also allowing the user to access Dapps.
This gives users exposure to decentralized finance inside of their mobile device. MathWallet also offers the ability to stake cryptocurrency directly from the app. The wallet imposes a 21-day lock on staked cryptos and a 28-day withdrawal hold on them, which can increase network security.
Math Wallet is non-custodial. Currencies are protected by private keys, mnemonic phrases, two-factor authentication, and other security features that users can select. It is a good fit for new or experienced cryptocurrency users who want a user-friendly web3 experience.
Private keys, mnemonics, two-factor authentication, and security locks are just a few of MathWallet’s many security features. Also, it provides hardware support choices through Ledger. If you have a hardware device that you want to store your digital assets on while you’re not trading, MathWallet has everything you need.
– Install Math Wallet.
– Set a password with a minimum of 8 characters.
– Inside the wallet, select a blockchain.
– Confirm your wallet password.
– Make sure to backup the private key securely.
15. Cypher Wallet
The Cypher wallet is relatively fresh on the market. You can utilize the Cypher Wallet to seamlessly bridge across blockchains within the wallet, connect to your favorite Dapp in multiple ecosystems, and manage your entire crypto portfolio within this non-custodial wallet. It’s a multichain wallet that does everything.
Cypher has a specific focus on seamless usability. It allows access to L2 ecosystems for bridging. In addition, the wallet also has a built-in browser. This gives the user exposure to their favorite decentralized finance applications. Instead of creating and maintaining multiple wallets, you can now access the web3 all in one place.
If you want a simple fiat on-ramp experience, you’ll be happy to know that this wallet has third-party payment providers. The list includes notable names, such as Coinbase Pay, Onmeta, and Sardine Pay — also recently integrated into the Metamask wallet for the same reason.
– Get the Cypher extension or download the Cypher app
– Create or Import an existing wallet using a 12 or 24 word seed phrase
16. FoxWallet
The FoxWallet is a user-friendly, non-custodial, and decentralized Web3 wallet, dedicated to providing an entry point and connection to the Web3 world. The developers of the wallet have extensive experience in blockchain and network security, and the code has been audited by reputable institutions, making it trustworthy.
The most impressive quality of FoxWallet is that it is feature-rich. Not only are users able to send and receive transactions, but they’re also able to buy many cryptocurrencies directly within FoxWallet. Furthermore, you can access Etherscan without leaving the mobile app, allowing you to confirm transactions in the blink of an eye.
If you thought that was impressive, then wait until you hear what’s next. FoxWallet is one of the most protocol-agnostic wallets on the market. It supports multiple chains, dozens of popular chains, rollups, and testnets. On top of this, there are popular, inbuilt, and verified bridges to connect you to multiple chains and rollups. With this many options, users need not leave the app to conduct most of their web3 activities.
You can even discover many Dapps directly inside the wallet. This is not to be confused with a native browser, which the wallet also has. FoxWallet has NFT support, native news fees, WalletConnect, and so many features that it’s difficult to keep track of them all!
– Navigate to the FoxWallet platform.
– Select “Create wallet”.
– Enter the desired “Wallet name”, “Password”, and a “Password reminder”.
– After completing all details, click “Submit”.
– Confirm any additional prompts or verifications.
– Start using your new FoxWallet.
Platform name | Best Feature | Platforms | Link |
Paybis Wallet | Best for user-friendly crypto trading | Android, IOS, Browser | Go to Paybis |
Coinbase Wallet | Best for broad DeFi and NFT interactions | Android, IOS, Browser Extension | Go to Coinbase |
COCA Wallet | Best for unmatched Multi-Party Computation (MPC) security | Android, IOS | Go to COCA |
Zengo Wallet | Best for user-friendly, biometric-secured storage | Android, IOS | Go to Zengo |
OKX Wallet | Best for integrated trading and crypto management | Android, IOS | Go to OKX |
YouHodler Wallet | Best for maximizing crypto holdings and loans | Android, IOS | Go to YouHodler |
Bitget Wallet | Best for advanced trading and security features | Android, IOS, Browser Extension, Web interface | Go to Bitget |
Guarda Wallet | Best for extensive multi-chain token support | Android, IOS, Linux, Mac, Windows | Go to Guarda |
MetaMask Wallet | Best for Ethereum-based DApp integration | Android, IOS, Linux, Windows, Mac | Go to MetaMask |
Rainbow Wallet | Best for Ethereum-based DApp integration | IOS, Android currently in Public Beta Phase | Go to Rainbow |
Trust Wallet | Best for diversified cryptocurrency accessibility | Android, IOS, Browser Extension | Go to Trust |
Argent Wallet | Best for seamless Ethereum Layer 2 activities | Android, IOS, Chrome Extension (Argent X) | Go to Argent |
Math Wallet | Best for extensive multi-chain integration | Android, IOS, Browser Extension | Go to Math |
Cypher Wallet | Best for seamless blockchain bridging | Android, IOS | Go to Cypher |
FoxWallet | Best for diverse web3 functionalities | Android, IOS | Go to FoxWallet |
Exodus Wallet | Best for enduring web3 innovations | Android, IOS, Linux, Android, Mac | Go to Exodus |
Benefits of using web3 wallets
Web3 wallets offer various scopes of control and more flexibility in managing transactions. Below are a few advantages of using these wallets.
User-friendly
Since you have full control over your asset, web3 wallets are typically easy to use. You can easily manage different assets since you have direct access to many details about each of them. Furthermore, most web3 wallets are simple to set up, which is a great advantage for users who are new to the crypto space.
/Related
More ArticlesThe set up process only takes a few minutes. Once you have created an account, you can start transacting, as well as have easy access to several web3 products. This is very easy to use compared to other traditional digital wallets.
Privacy and anonymity
Protection of users’ privacy is one of the best features web3 wallets brought. Using these wallets, your personal data is safe and protected. This means that while you transact with another address, it is almost impossible to know the recipient.
Enhanced security
The safety of your funds is another important benefit you get from using web3 wallets. They ensure your investment is safe and secure while transacting. In addition, your information, identification, and accessibility to your funds are secure. Most of the wallets use an encrypted sign-up/sign-in procedure, requiring you to input your details. This ensures there’s no breach and others can’t access your wallets.
Let’s examine the top 6 web3 wallets making waves in the crypto space.
Why do I need a web3 wallet?
One of the most essential factors to consider before getting involved in the web3 space is that you must have a suitable web3 wallet in place. They store your private keys securely, allowing you to send and receive crypto assets like ethereum, bitcoin, solana, and much more.
There are hundreds of them out there, but the above ones are the most popular and reliable platforms to start with. They offer various tools to help you manage and store your assets securely.
In order to invest in web3, you’re going to need a web3 wallet — as well as the latest info on web3 itself. Hear from the community and stay on top of the latest developments through the BeInCrypto Telegram group.
Frequently asked questions
How do I create a Web3 wallet?
How many Web3 wallets are there?
Is Trust Wallet a Web3 wallet?
What is an example of a Web3 wallet?
What is a web3 wallet?
What is the best web3 wallet?
Is Coinbase a web3 wallet?
Is MetaMask a web3 wallet?
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