Is there encryption?There are 3 software wallets for storage, mortgage and exchange

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In 2021, almost all areas of the encryption industry have experienced explosive growth. The steady inflow of institutional funds may be interpreted as the best yet to come signal.

For new users, figuring out how to obtain cryptocurrency can be a tedious task, and the challenge of protecting assets outside of an exchange is another obstacle that some investors find difficult to overcome.

The following is a summary of some of the most commonly used cryptocurrency soft wallets. These wallets support a wide range of tokens and provide users with access to decentralized finance (DeFi), non-fungible tokens (NFT), staking opportunities, and airdrops.

Meta mask

MetaMask was initially launched to support the Ethereum blockchain and the decentralized applications (DApps) running on it. It is now available as a browser extension and smartphone application.

The company was established in 2016, and to a large extent benefited from the first mover advantage, becoming The most popular and widely integrated wallet, And it is one of the few networks that supports almost all blockchain networks.

Take a quick look at the supported networks on Chainlist, which provides a list of networks compatible with the Ethereum Virtual Machine (EVM) and instructions on how to add any listed network to its MetaMask wallet, showing hundreds of zones supported by MetaMask The blockchain network includes many top smart contract competitors.

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

MetaMask also integrates the exchange function directly into the wallet, allowing users to access a summary list of decentralized exchanges (DEX). According to data from Dune Analytics, the daily swap volume of MetaMask swaps has steadily increased throughout 2021.

MetaMask exchanges daily trading volume.Source: Sand Dune Analysis

The increase in swap trading volume is also accompanied by MetaMask, which will eventually Release one’s own tokens Many users are looking forward to the 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 exchange directly within the software, thereby avoiding the risk of connecting to fraudulent websites or paying gas fees to transfer funds from the wallet to another exchange.

There are rumors that Phantom may launch its own token and airdrop part of its supply to early adopters. However, so far, this is pure speculation, and the developers have not mentioned anything.

The wallet also has NFT tracking function, and users can also Trade with available NFT markets.

Similar to other wallets, Phantom users can pledge Solana (Sol) Tokens without transferring assets. Recently, the team announced a partnership with MoonPay that will allow users to purchase tokens in the Solana ecosystem using fiat currencies and credit cards.

The project is also developing a smartphone application that allows users to access the Solana network directly from their smart devices.

Kepler

Keplr wallet is the first Communication between blockchains-Support (IBC) Cosmos web wallet and browser extension, allowing users to store and access tokens in the ecosystem.

Currently supports more than 15 networks, including Cosmos, Secret Network, Kava, Crypto.org, IRISnet, Persistence, and the team regularly add support for new chains of several projects currently in the testing phase.

Holders of supported tokens can directly mortgage their assets through the Keplr wallet, and the application can run on Android and iOS devices.

Currently, it is not possible to provide users with rumors of Keplr tokens or airdrops, but people can never be sure what might happen to the crypto industry. If Keplr integrates popular features, such as its own exchange interface or NFT market, then opportunities for native tokens are always possible.

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