It’s not a secret that everyone who wants to interact with a blockchain must have at least one crypto wallet. It’s your pass to the world of DeFi. You will need a crypto wallet to make transactions, use DApps, send and receive cryptocurrencies, and trade on crypto exchanges like Biswap.
This article contains everything you need to know about crypto wallets. After reading this, connect the wallet to Biswap to enjoy all the profitable features and benefits.
Wallets Available on Biswap
Biswap devotes a great deal of time to collaborations and partnerships with leading and most reliable crypto services. It also applies to crypto wallets.
At the moment, there are 11 wallets available on Biswap. Here you can find the links with detailed information about downloading and connecting them.
MetaMask is a software-based cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications. You can also download and use it on BNB Chain.
Trust Wallet regards itself as one of the most trusted and effective wallets for DApps. Thus we prepared an illustrative guide for you to use Trust Wallet with the Biswap platform. Trust Wallet is a multi-chain wallet application that switches automatically between networks, leading to specific issues such as invalid token display in your wallet.
WalletConnect is an open protocol that helps to use Decentralized Applications (Biswap DEX platform in our case) via your mobile wallet. WalletConnect lets users make the transactions through an encrypted connection by scanning a QR code, with mandatory confirmation on the user’s smartphone.
TokenPocket is a multi-chain self-custodial wallet. The wallet supports different public chains: BNB Chain, BTC, ETH, Polygon, Solana, etc. TokenPocket Wallet is available for iOS and Android. It also provides users with the browser extension dfox.
Math Wallet supports multi-chain tokens and DApps on mobile or browser extension/web/hardware wallets. Math Wallet also enables storage of more than 3000 tokens, with the most important being BTC, ETH, Polkadot, Filecoin, EOS, Solana, Avalanche, Polygon, etc.
Coin98 Wallet is the #1 non-custodial, multi-chain wallet and DeFi gateway, designed to connect users seamlessly to the crypto world safely and securely. This wallet is one of the most frequently used ways of connecting to Biswap.
Binance Chain Wallet is an official cryptocurrency wallet with access to BNB Chain, BNB Beacon Chain, and Ethereum. You can use it to store your crypto safely and connect to different projects worldwide. But that’s not all. You can connect the existing wallet to the Binance Chain Wallet system and use it easily.
SafePal Wallet allows users to swap tokens across different blockchains and provides users with various other functions in one app, where users can easily secure, manage, swap, trade, and grow their crypto wealth without compromising asset security. Furthermore, the SafePal App allows you to store and manage different types of wallets.
Coinbase is a more fair, accessible, efficient, and transparent financial system enabled by crypto. It offers a trusted and easy-to-use platform for accessing the broader crypto economy. With CoinBase Wallet, you can store all of your crypto and NFTs in one place, explore the decentralized web on your phone or browser, and protect your digital assets with industry-leading security.
💰iToken (aka Huobi)
iToken Wallet is a professional multi-chain light wallet that provides Digital Asset Management (DAM) simple, convenient, and secure services. iToken Wallet is available for Android and iOS mobile devices. IToken Wallet never has access to users’ private keys and users remain in 100% control of their private keys.
BitKeep Wallet isone of the top DeFi multi-chain crypto wallets worldwide. It is a non-custodial DeFi wallet providing secure and reliable crypto asset management services across more than 168 countries and regions.
Brave Wallet is the first secure crypto wallet built directly into the browser. That means less vulnerability to faked versions of an app, phishing, and theft. It also takes no extra processes to run, and burns less CPU & memory on your device. Brave is a popular browser with 50M+ active users & native crypto wallet. It provides you with online privacy, security and fast usage at the same time.
Note: to use the Wallet, you have to download the browser first.
Biswap gives its users a great variety of wallets to choose from. Do your own research and decide which one is the most comfortable for you to use.
Crypto Wallet — Your Must Have in the DeFi World
As it was mentioned before, a crypto wallet is one of the most important tools in the crypto world. Simply put, you can do nothing without a crypto wallet in DeFi. They provide a secure and functional way to store and transfer funds from one user to another.
You’ll need the wallet to:
✅Store & trade crypto
✅Send & receive funds
Explore Different Types of Wallets
There are several types of crypto wallets that are classified by different options of usage. Let’s have a more detailed review of them.
These are the wallets that are always connected to the Internet. Usually, they are quite simple in setting and usage. They provide a fast way to buy and store cryptocurrency.
These wallets can be two types:
🔸Web. These wallets work on the principle of an ordinary website, and the user can log in to the account with a username and password from any device with Internet access. This method is considered one of the most insecure but is suitable for short-term storage of small amounts because of its ease of use.
🔸Mobile. They can be installed on smartphones or tablets running Android or iOS as an application & are easy to use.
These are the wallets connected to the Internet only for a few seconds to complete a transaction. These types of wallet usually support more coins and tokens, and allow to create backups.
They include such kinds of wallets:
🔹Hardware. These can be portable devices, for example, flash drives or other external devices. Since hardware wallets do not require an Internet connection, they are reliably protected from hacker attacks.
🔹Desktop. Such wallets are installed on a computer, giving their owners full control over their funds and private keys. Desktop wallets work as an address through which users can send or receive cryptocurrency.
🔹Paper. It is a piece of paper with a private key and a public address printed on it.
This type of wallet means that your private keys are held by a third party. You won’t have complete control over the wallet, but it’s not as bad as it seems at first sight.
In contrast to the previous type, a non-custodial wallet means that you have full control of your private keys and earnings. It is also called “to be your own bank”. In addition, these types of wallets are faster because you don’t have to wait for withdrawal approval.
Tap to learn more about the difference 🔽
📍Biswap is a DEX, so you will need to have a non-custodial wallet to access all the lucrative features.
Keep Your Assets Protected!
It’s very important to keep your assets safe. That is why you need to analyze the wallet you’d like to connect and see if it’s safe enough to use.
To reduce information leakage or theft of assets, it’s necessary to have a strong private key and keep your seed phrase safe!
What is a private key?
It is a special combination of symbols that gives access to the cryptocurrencies stored in the account. Only the person who knows the key can move and spend the assets.
What is a seed phrase?
It is a list of random words (12, 18, or 24 words) used to recover your funds in case you lose the password to your wallet app or the device your wallet is installed on.
Find everything you need to know about safety here 👇
Ready to Start Your Biswap Journey!
Now that you have all the necessary information about wallets, you can go to https://biswap.org/ to connect one of them and explore our lucrative and exclusive features!
Here’s what you can do on Biswap, having the wallet connected:
💫Exchange crypto with the lowest exchange fee of 0.1%
💫Stake tokens & get rewards via Launchpools
💫Provide liquidity, gain 50% rewards & BSW via Farms
💫Earn TOP tokens via Fixed Staking
💫Multiply crypto with the unique Multi-type Referral Program
And many other things to enjoy & profit from!
Here’s your easy guide if you’re new to Biswap:
A crypto wallet is your access to the world of DeFi. They can differ depending on the way of usage.
Connect your wallet to Biswap & start gaining crypto easily!
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