- The digital currency ecosystem has hundreds of crypto wallets serving users.
- Here is our pick of the top 5 wallets based on specific features focused on user acceptance.
The digital currency ecosystem is growing at a sporadic rate and the total number of infrastructure tools is also growing. As one of the first avenues to interact with the nascent asset class, Crypto Wallets are an important tool for all users.
Despite exchanges having their own inbuilt wallets, there has been a proliferation of non-custodial wallets over the past year. The reason is not so far-fetched as many exploits of exchanges have been recorded over the past years.
Crypto Wallets are relatively safer, but not immune from cybercriminals that are often looking for ways to breach their security. As an educative platform, here is a highlight of the top 5 non-custodial wallets that can boost engagements in the Web3.0 ecosystem. These wallets were sampled from the pack drawing on their utility, accessibility, security, user interface/experience, and general ease of use.
Let’s dive into them briefly.
Klever
Klever Wallet is a relatively newer wallet whose adoption has spread to more than 300,000 thousand active users with a total download of 3.5 million. One might ask the reason why this wallet is so popular in the industry and it is hinged on its general simplicity.
The Klever wallet is designed as a multi-token wallet and it serves different crypto assets including but not limited to BTC, ETH, LTC, TRX, and XRP. Most users typically get drawn to Crypto Wallets for one specific reason but in the case of Klever, the case is different.
The wallet checks the right score for different features and an integrated fiat gateway through its K5 feature, allowing users to purchase crypto directly with a credit card. As typical of regular crypto wallets, Klever has a unique swapping feature as well as a browser interface that can help its users stay connected.
With a high rating, many attest that Klever has a high ease of use with features that makes it earn a right to its name.
ZenGo
There is a defining feature for most Web3.0 wallets around today, and it is the presence of a very important seed phrase. In the case of ZenGo, this seed phrase is replaced with a set of mathematical “secret shares” to enable transfers. While this appears complicated, it is actually simple and easy to implement by ZenGo’s users.
Per its design, the secret shares are typically 2, with one of the shares stored on the user’s mobile device while the other is stored on ZenGo’s servers. This offers an extra security feature by eliminating every point of failure.
ZenGo is still growing in its broad acceptance, however, its recent link-up with Polygon might serve as the major catalyst for its near-term growth strides.
Serenity Shield
If there is a developer that is thoughtful with its christening, then it will be Serenity Shield. Just as the name implies, the wallet is designed for more long-term storage like when safeguarding assets for your next of kin. With its design and provisions, users can rest assured that death or any unforeseen circumstances will not impact the safe transfer of assets to the designated beneficiaries.
Serenity Shield is marketed using the motto; “Plan Ahead. Protect Your Assets” and boasts of the ability to “protect your investments so they will carry over to the recipient of your choice and not become permanently lost due to untimely demise or death.”
Brave Wallet
For those familiar with the Web3.0 world of today, the Brave brand must have rung a similar bell. Brave Wallet was developed by the developers of the Brave Browser which competes with Google Chrome by incentivizing users to spend time browsing.
Brave Wallet is a natural connection for those who already utilize the browser as the wallet is easily integrated. Brave came with a rare Web3.0 business proposal and it aims to continually expand its ecosystem. Since its inception, it has inked unique partnerships with Solana as well as numerous EVM chains which users can add at will.
The Brave Wallet is easy to sign up for and is similar to other regular browser-unique wallets.
BlockWallet
One of the selling points of BlockWallet is that it provides far better security for Ethereum and EVM-compatible protocols than other alternatives like MetaMask and Trust Wallet. It is regarded as one of the most privacy-centric protocols in the industry and is often tagged the VPN of Web3.0 wallets.
While onboarding on BlockWallet is not different from other wallets, it has successfully introduced additional features such as the checking of gas prices and a bridge that can power multi-chain interactions.
Choosing Crypto Wallets Based on Preference
Besides the 5 profiled above, there are hundreds of other related wallets in the space. It is thus advisable to choose the wallets to keep your assets with based on your preference.
Typically, crypto investors often use more than one wallet per time, but in all, it is advised to remember the seed phrases and other security keywords. As such, proper safeguarding of this should be ensured irrespective of the chosen choice.
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