In 2021, almost every sector of the crypto industry experienced explosive growth. It could be seen as a sign that the best is yet ahead, given the steady inflows of institutional funds.
It can be difficult for new users to figure out how to get cryptocurrency. Investors also find it challenging to secure the assets from exchanges.
This list contains the top cryptocurrency soft wallets. They support many tokens and provide users with access to Decentralized Finance (DeFi), Nonfungible Tokens (NFTs), staking options and airdrops.
MetaMask was initially created to support the Ethereum blockchain, and any decentralized apps (DApps), that run on top. It’s now available as both a browser extension, and as a smartphone app.
The company was founded in 2016 and has since enjoyed a significant first-mover advantage. It is now one of the most widely used and integrated wallets and one of few that supports nearly every blockchain network.
Chainlist allows you to quickly browse the supported networks. It provides an overview of all the Ethereum Virtual Machine (EVM-compatible) networks, as well as instructions for how to add each network to your MetaMask wallet. This platform includes hundreds of other top smart contract rivals.
MetaMask currently supports Avalanche and Fantom, Binance Smart Chains, Polygon and HECO Mainnets, Optimism and Arbitrum. It’s also easy to use bridges to transfer tokens among the supported networks.
MetaMask also integrates a swap feature directly in the wallet, giving users access to an aggregated list decentralized exchanges (DEXs). Dune Analytics data shows that MetaMask swap’s daily swap volume has been steadily increasing throughout 2021.
MetaMask swaps daily volumes Source: Dune Analytics
Many users anticipate an airdrop as rumors have circulated that MetaMask might eventually issue a token.
Phantom is a popular browser extension and software wallet available to Solana network users.
The Phantom wallet is similar to MetaMask and allows users to make direct Swaps within the software. This avoids the risk of being connected to a scam website, or paying gas fees to move funds from the wallet to an exchange.
Phantom may launch its own token, and airdrop some of the supply to early adopters. This is speculation at best and the developer has not yet commented on it.
The wallet has an NFT tracking function and allows users to transact with NFT marketplaces.
Phantom wallet users can also stake Solana tokens (SOL) without having to transfer assets. MoonPay has announced a partnership that will enable users to use credit cards and fiat currency to purchase tokens within the Solana ecosystem.
We are now live on @Phantom MoonPay integration will make it easier to onboard new users to @Solana’s ecosystem. It brings a fiat on ramp directly to Phantom’s 1M+ customers. Full details here https://t.co/34hAnnxLyr pic.twitter.com/08IpTfAbCB
— November 17, 2021, MoonPay (@moonpay).
Additionally, the project is developing smartphone apps that will give users direct access to Solana’s network from their smart phones.
The Keplr wallet, the first IBC-enabled wallet for the Cosmos network, allows users to store and retrieve tokens within the ecosystem.
It supports over 15 networks, including Cosmos Secret Network, Kava and Crypto.org. The team also regularly adds support to new chains, with many projects currently in beta access.
The supported token holders can stake their holdings through the Keplr wallet. This app is compatible with both Android and iOS devices.
UPDATE: Keplr Mobile is now LIVE See our latest post for the app store links:https://t.co/LUyHzzekHE
— Keplr Wallet October 14, 2021 (@keplrwallet).
There are currently no rumors about a Keplr token, or an airdrop to users. However, it is impossible to know what could happen in crypto. A native token could be possible if Keplr incorporates popular features such as its swap interface or NFT marketplace.
You would like to learn more about investing and trading in the crypto markets?
Brave launches a browser-native cryptocurrency wallet to fight fake extensions. Tendermint CEO Peng Zhong says multichain is a necessity for DeFi products. The Tendermint wallet integrates with SportX for esports betting. Coinbase has launched a standalone browser extension for Coinbase Walletcom. You should do your research before making any investment or trading decision.
Eileen Wilson –Technology and Energy
My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.