- October 12, 2020
- Posted by: icoblock
- Category: Press Release
In order for DeFi to be successful, it’s crucial that the gateways for interacting with web 3 are intuitive, secure, and accessible while maintaining the core ethos of “being your own bank”.
We have drastic improvements to multicoin wallets, allowing investors and users to safely and easily access the next generation of financial technology.
An Overview on DeFi Multicoin Wallet
Thanks to the non-custodial nature of DeFi wallets, users can safely store their own funds without having to rely on third-party institutions to hold their assets.
In previous years, many crypto wallets with confusing interfaces and insecure ambiguity existed, making storing cryptocurrencies at risk.. Understanding this, Defichain has developed a multicoin wallet that uses blockchain di-fi technology and is creating better interfaces with significantly better user experience.
Why do experts consider Defichain multicoin wallet a powerful innovation compared to the market? Consider the following factors together before making your own decisions.
Defichain Multicoin Wallet simplifies crypto transactions across the board. Users can easily send and receive transactions with a few clicks of a button along with leveraging accessibility features like scanning QR codes. For more seasoned users, Defichain Multicoin Wallet allows you to tap into more advanced features if need-be, such as setting your own gas prices.
Since the wallet is non-custodial, all users benefit from storing their own private keys as Defichain Multicoin Wallet never has access to them in the first place. This is the most secure way of storing your crypto assets, however, you are responsible for safeguarding the private keys. If your keys are lost, the funds are likely unrecoverable.
With Defichain Multicoin Wallet, users can securely store all your digital assets in one place. Similarly, users can see tokens in the wallet by importing the contract address.
Instead of relying on an encrypted private key full of random numbers and letters, Defichain Multicoin Wallet allows you to store your private key in the form of a mnemonic phrase. This means that your private keys comes in the form of a 12-word human-readable phrase. This makes it substantially easier to remember or simply write down on a piece of paper.
Adjustable Gas Fees
Unlike other non-custodial wallets that look to abstract user complexities (like gas fees) to the highest degree, Defichain Multicoin Wallet gives users intuitive options to set fees based on the urgency of the transactions. The wallet also offers the ability to dive into advanced features and set gas fees and prices on a more granular level.
Hardware Wallet Integrations
If you end up accumulating a significant amount of capital on your Defichain Multicoin Wallet wallet and want to increase your security, Defichain Multicoin Wallet currently offers support for a multiple of industry-leading hardware wallets, including Ledger and Trezor.
With Defichain Multicoin Wallet mobile, users can now use the feature, Instapay and benefit with instant free transactions. In addition, users will be able to purchase crypto directly from the wallet through any of the Defichain Multicoin Wallet supported exchanges.
These are just some of the core upcoming features for Defichain Multicoin Wallet. As outlined in their Medium post, here are some other features you can expect from the Defichain Multicoin Wallet in the near future.
Improved Transaction history, now we’re able to show what’s each transaction about (Sent tokens, deployed contracts, sent or received crypto)
Simplified gas controls
Ability to send assets in Fiat or Crypto amount
Web3 Browser functions
WalletConnect support for Mobile (use dapps from safari / chrome)
Favorite dApps — (available through spotlight in iOS)
Ability to open multiple tabs, bookmark pages, and share urls
ENS-> IPFS — you can access .eth websites hosted in IPFS through the browser.
Biometrics support — TouchID, FaceID and Passcode on iOS, Fingerprint / PIN on Android
Privacy mode enabled by default- EIP-1102
Seed phrase backup
Defichain Multicoin Wallet is one of the leading non-custodial wallets on the market today.
If you’re exploring the use of DeFi applications, we highly recommend using Metamask as your go-to non-custodial wallet. With this, you can support any range of assets, easily interact with emerging DeFi applications directly through your everyday browser, and more importantly, custody your own assets by storing your private keys yourself rather than relying on a centralized intermediary.