Do you have cryptos? Here are 3 software wallets for storage, staking and trading

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Almost every segment of the crypto industry experienced explosive growth in 2021. The constant influx of institutional funds could potentially be interpreted as a signal that the best is yet to come.

For new users figuring out how to get cryptocurrency can be a tedious task, and the challenge of securing off-exchange assets is another hurdle some investors struggle to overcome.

Here is a look at some of the most widely used cryptocurrency soft wallets that support a wide range of tokens and provide users with access to Decentralized Finance (DeFi), Non-fungible Tokens (NFT), Staking opportunities. and air drops.

MetaMasque

MetaMask was originally released to support the Ethereum blockchain and the decentralized applications (DApps) that run on it. It is now available as a browser extension and a smartphone app.

The company was launched in 2016 and has benefited greatly from the first-mover advantage to become one of the most popular and integrated wallets, and it is one of the few that supports almost any network. of blockchain.

Quick scroll through supported networks on Chainlist, a platform that provides a list of Ethereum Virtual Machine (EVM) compatible networks and instructions on how to add any listed network to their MetaMask portfolio. , shows hundreds of blockchain networks supported by MetaMask, including many of the major smart contract competitors.

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

MetaMask has also integrated an exchange function directly into the wallet to give users access to an aggregated list of decentralized exchanges (DEX). According to data from Dune Analytics, the daily trading volume on the MetaMask exchange has steadily increased throughout 2021.

MetaMask trades daily volume. Source: Dune Analytics

The increase in trading volume has also been accompanied by rumors that MetaMask will eventually release its own token and many users are anticipating a drop.

Ghost

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

Similar to MetaMask, the Phantom Wallet has a built-in DEX that allows users to trade directly in the software, thus avoiding the risk of logging into a scam website or paying gasoline charges to transfer files. funds in the wallet to another exchange.

There are rumors that Phantom could launch its own token and drop part of the offering to early adopters. So far, however, this is nothing more than pure speculation and nothing has yet been mentioned by the developer.

The wallet also has an NFT tracking function and users can also trade with the available NFT markets.

Similar to other wallets, Phantom users can wager Solana (SOL) tokens without needing to transfer assets. Recently, the team announced a partnership with MoonPay that will allow users to use fiat currency and credit cards to purchase tokens in the Solana ecosystem.

The project is also developing applications for smartphones that will allow users to access the Solana network directly from their smart devices.

Keplr

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

It currently supports over 15 networks including Cosmos, Secret Network, Kava, Crypto.org, IRISnet, and Persistence, and the team is regularly adding support for new channels with several projects currently in beta access.

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

At the moment, there are no rumors of a possible Keplr token or an airdrop to users, but one can never be sure what could happen in the crypto industry. While Keplr incorporates popular features such as its own exchange interface or an NFT marketplace, the chance of having a native token is still possible.

Want more information on trading and investing in the crypto markets?

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move comes with risk, you should do your own research before making a decision.



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