Web3 is a concept of the third generation of the Internet, whose economy is shaped by digital token systems. Unlike its predecessors, the third iteration of the World Wide Web is decentralized by transferring operations to blockchain, which is associated with cryptocurrency. Therefore, Web3 participants need convenient and reliable tools for storing coins. We will tell you which Web3 wallet is worth paying attention to.
Which Web3 wallet to choose
Web3 wallets are digital platforms that provide access to the third generation of the internet. In such applications, as in classic crypto wallets, you can store cryptocurrency and perform various operations with coins.
Web3 platforms differ from conventional digital asset storage in their extended functionality. For example, in such crypto wallets, you can interact with smart contracts and non-fungible tokens (NFTs), communicate with the crypto community, and even develop your own blockchain platforms.
Web3 wallets are non-custodial. When creating them, you do not need to go through KYC verification and AML procedures aimed at preventing money laundering.
- MetaMask
MetaMask is a popular browser-based Web3 crypto wallet. The program is also available as a mobile app.
The crypto wallet is built on the blockchain of the second largest cryptocurrency by market capitalization, Ethereum. It can be used to buy, store, exchange cryptocurrencies, and perform a number of other operations. For example, MetaMask can be used to access the decentralized finance (DeFi) market.
Interesting! MetaMask also provides access to other networks compatible with the Ethereum virtual machine, including BNB Chain, Polygon, and HECO.
Most popular crypto services, including NFT marketplaces and DeFi applications, support MetaMask. Full instructions on how to use MetaMask for beginners, as well as reviews of the crypto wallet and an explanation of how to use the program, can be found in our article.
- Rainbow
Rainbow is a crypto wallet for Web3 with an intuitive user interface. With the help of the platform, you can create a full-featured Ethereum wallet, collect NFTs, and enter the Web3 universe. The program is available as a mobile application.
Interesting! IOS device users can store private keys in iCloud in encrypted form.
Before adding tokens to Rainbow, developers verify the coins. This way, the crypto wallet protects users from scams.
- Trust Wallet
Trust Wallet is one of the most multi-currency Web3 crypto wallets. The project belongs to the largest crypto exchange, Binance.
With its help, you can store, buy, and sell cryptocurrency, as well as interact with Web-3 platforms, work with NFT tokens, and earn money from coin staking. Unlike most other projects in the rating, the platform supports Russian.
Another feature of Trust Wallet is the ability to import data from other crypto wallets, such as MetaMask or MyEtherWallet. This requires a secret phrase or private key.
The program supports a number of popular blockchains, including Ethereum and BNB Chain. The crypto wallet can be downloaded as a mobile application.
- Coinbase Wallet
Coinbase Wallet is a crypto wallet for Web3 from the popular crypto exchange Coinbase. The program is available as a browser extension.
In Coinbase Wallet, you can buy, store, and exchange tokens, interact with NFTs, dive into the world of DeFi, track ICOs, and participate in DAOs and airdrops.
- Argent
With Argent, you can buy, sell, stake cryptocurrency, and perform a host of other operations with digital assets on second-layer (L2) solutions for Ethereum. The platform supports ETH tokens and NFTs.
To register an account with Argent, you will need a phone number. The system will also ask you to specify a nickname, which other users will then be able to use to transfer funds to the crypto wallet owner within the system.
