Introducing a software wallet that stores, staking and swaps cryptocurrencies

Nearly every segment of the crypto sector will see explosive growth in 2021. The steady inflow of institutional funds can be interpreted as a signal that the best is yet to come. come.

For new users, figuring out how to earn cryptocurrency can be a tedious task, and the challenge of securing assets beyond exchanges is another hurdle that some investors find difficult to overcome.

Below is a summary of some of the most used crypto wallets, which support multiple tokens and provide users with access to the realm of DeFi, NFT, staking and airdrop opportunities.

MetaMask

MetaMask was initially launched to support the Ethereum blockchain and decentralized applications (dApps). It is currently available as a browser extension and smartphone app.

MetaMask launched in 2016 and has largely benefited from a first-mover advantage to become one of the most widely integrated and popular wallets, and one of the few to support nearly every network. blockchain grid.

Fast-forward through supported networks, a platform that provides a list of networks that are compatible with the Ethereum virtual machine (EVM) and instructions on how to add any of the listed networks to their MetaMask wallet, showing hundreds of blockchain network supported by MetaMask, including many leading smart contract competitors.

Currently, MetaMask supports Avalanche, Fantom, Binance Smart Chain, Polygon, HECO Mainnet, Optimism and Arbitrum, and users can easily use different bridges to transfer tokens between supported networks.

MetaMask has also integrated a swap feature directly into the wallet to give users access to an aggregated list of decentralized exchanges (DEXs). According to data from Dune Analytics, the daily swap volume on MetaMask swaps has been steadily increasing throughout 2021.

Daily MetaMask Swap Volume | Source: Dune Analytics

The increase in swap volume also comes along with rumors that MetaMask will eventually issue a token of its own and many users are expecting an airdrop.

Phantom

Phantom is a popular software wallet and browser extension available to Solana network users.

Similar to MetaMask, the Phantom wallet has a built-in DEX that allows users to perform swaps directly in the software, thus avoiding the risk of connecting to a scam website or paying gas fees to transfer funds from the wallet to an exchange. is different.

Rumor has it that Phantom may launch its own token and airdrop part of the supply to early adopters. However, so far, this is pure speculation and has not been mentioned by the developer.

The wallet also features NFT tracking and users can also trade with the available NFT markets.

Similar to other wallets, Phantom users can stake Solana (SOL) without transferring assets. Recently, the team announced a partnership with MoonPay, which will allow users to use fiat currency and credit cards to purchase tokens within the Solana ecosystem.

The project is also developing smartphone applications, allowing users to access the Solana network directly from their smart devices.

Keplr

Keplr Wallet is the first inter-blockchain communication (IBC) wallet and browser extension for the Cosmos network, allowing users to store and access tokens within the ecosystem.

It currently supports more than 15 networks including Cosmos, Secret Network, Kava, Crypto.org, IRISnet, and Persistence, and the team regularly adds support for new chains with several projects currently in beta access.

Supported token holders can stake their holdings directly through the Keplr wallet and the app works on Android and iOS devices.

Currently, there are no rumors about possible Keplr tokens or airdrops for users, but the crypto space is always full of surprises. If Keplr integrates popular features such as its own swap interface or an NFT marketplace, there is a high chance that there will be a native token.

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