When it comes to safeguarding cryptocurrencies, it’s crucial to be vigilant, especially given the surge in thefts and scams in recent months. While the market has seen an influx of wallets, only a handful have truly earned the trust of the broader cryptocurrency community. In this landscape, Best Wallet has managed to position itself as the top pick.
This wallet boasts being one of the most cutting-edge tools for storing and purchasing cryptocurrencies. It has emphasized certain features and upcoming developments that would pique the interest of any investor. Nevertheless, it’s entirely reasonable for you to have concerns about the wallet’s security. This is exactly why we’ll assess the wallet in detail to help you in making an informed decision about whether to proceed with it.
Best Wallet Pros and Cons
Before delving into the specifics of various components within the wallet, it’s crucial to have a broad understanding of the platform’s key strengths and weaknesses. Let’s explore some of the pros and cons you may encounter while using this wallet.
Pros
Cons
- Majority of products are yet to be launched
What is Best Wallet?
Best Wallet emerges as a transformative platform, redefining the conventional use of cryptocurrency wallets. While the common purpose for wallets is to engage with Dapps or DEXs and securely store their digital assets, Best Wallet sets itself apart with an array of distinctive features not typically found in other wallets.
Despite its recent introduction, the wallet has witnessed a steady surge in users, owed largely to its intuitive and engaging interface. The platform’s website has been offering enticing glimpses of forthcoming options and features, further stoking investor anticipation.
Positioning itself as a comprehensive hub for crypto investment, Best Wallet aims to streamline a multitude of investor actions. Its offerings span real-time market updates, advance notice of upcoming tokens and airdrops, portfolio management services, and seamless cryptocurrency transactions. This ambitious mission to revolutionize Web3 crypto interactions has gained major media coverage, a testament to its rising popularity.
Within the Best ecosystem, developers have introduced a suite of offerings including Best Wallet, Best DEX, Best Bot, and an anticipated BEST airdrop, enhancing the range of services available to investors. This means that while the project is already advanced in terms of offerings, it also integrated AI elements, making it an even more exciting option for potential users.
While the core team’s identities remain undisclosed, developers have already progressed to the second phase of their four-part roadmap. The blend of ambition and practicality in achieving goals within predetermined timelines positions Best Wallet as an option to watch in the constantly changing crypto space.
Best Wallet – Top Features
As we saw above, the wallet presents a wide array of features and services. Although these products are yet to be officially launched, the website provides a comprehensive outline of how they are poised to bring substantial value to users. Let’s delve into these features.
Multi Wallet and Multi Chain
When it comes to Best Wallet, the user will not have to make multiple accounts simply to spread their cryptocurrency holdings across several wallets. It has a multi-wallet option. This means that within the Best Wallet app itself, they can create separate wallets and hold cryptocurrency with ease.
It also supports multiple blockchain networks, which can be a boon for those who often make transactions to and fro from exchanges or other wallets. Since there are several chain options, the user can easily opt for whichever one they are more comfortable with according to speed and fees charged and go for that option.
Best DEX
This has to be one of the chief offerings of the platform, since it is not common for new and emerging crypto wallets to have their in-house DEX. Aptly named Best DEX, this decentralized exchange can let users have access to a wide variety of cryptocurrencies that can be bought and stored onto the Best Wallet seamlessly.
No kind of registration is required, which means that each customer can simply leverage the DEX as users of the Best Wallet. It has low fees, is highly decentralized in all aspects, and has several analytical tools for you to learn about any crypto that you wish to purchase.
We also recommend that you check out our guide to know the best cryptocurrency to buy now.
Portfolio Management
The wallet offers a portfolio management system for investors, which means that they can track real-time profit or loss with quick views of purchase prices and current values.
Users can also label, order, and search for easy management of funds that are being held or staked for interest. This way they can always be aware of the status of their funds, whether they are in profit or loss, if they need to diversify more and much more.
Market Insights
The wallet has a whole section dedicated to helping users stay aware of the cryptocurrency market at all times. Naturally, any cryptocurrency trade requires users to be aware of their current prices, and stats like market cap, volume etc.
Well, this tool will help them gain instant access to that information, along with other updates about any major developments within the project and more, helping them make strategic investment choices.
Upcoming and Trending Tokens
This feature of the wallet will make it possible for users to get information about newly launched cryptos, projects still in their presale stage and trending tokens that one may consider buying. Essentially, it will be able to provide insights to the users who may generally miss out on finding such projects that may end up being hidden or undervalued gems with massive price potentials.
Airdrop Opportunities
Investors often end up disappointed when they find out the number of tokens that were distributed among airdrop winners. This is because many don’t even know which airdrops are available at what time. Well, this problem is also to be solved by the wallet which has a dedicated section for providing information about popular upcoming airdrops. With this, investors may even be able to participate in other projects and potentially earn more money by being able to get these airdrops.
Best Wallet User Experience
Best Wallet has succeeded in creating a website interface that is both simplistic and highly efficient, offering informative content. According to the developer’s statements on their social media handle, the platform was designed to cater to a wide range of investors.
Even the DEX, a central element of the platform, maintains a straightforward theme that ensures users won’t encounter any confusion. The use of a simple colour scheme complements all interactive options and information on the website.
The roadmap, along with upcoming features, has been presented in a manner that is accessible even to newcomers unfamiliar with crypto wallets. Navigating the website is intuitive, although it’s worth noting that a majority of features are yet to be launched by the wallet.
The BEST Token Airdrop
Other than potentially having an entire feature dedicated to learning about airdrops, the wallet also has an airdrop opportunity of its own for investors. The platform’s native token, BEST, is yet to be launched to the public markets, which means that one can stand a chance to win them in the form of airdrops.
The criteria, as mentioned by the developers for being eligible for this airdrop, are fairly simple. Just start using the Best DEX, which is their in-house DEX of Best Wallet. The more an investor uses it, the more points they will be able to gain. Depending on the total amount of points collected at the time of launch, tokens will be distributed to them accordingly.
Best Wallet Customer Support
The customer support team for Best Wallet has been advertised as quick and ready to help. We found this to be true, as even a query sent by mail to the official customer support address contact@bestwallet.com was responded to within less than an hour. While the wallet itself has a very helpful way of helping investors navigate, they may still come across issues that may require some type of assistance. Investors can count on the customer support team of Best Wallet to assist them in such instances.
How to Use the Best Wallet?
Getting started with Best Wallet is as simple as it gets. But to give you a complete breakdown, here is a step-by-step of the process.
Step 1 – Download the Best Wallet Application
The first step to get started with Best Wallet is to download the application. The application can be easily downloaded on mobile phones and is supported on both Android and iOS devices. Visit the Play Store or App Store and download the application. Make sure it is the right application by checking the logo and reviews.
Step 2 – Verify your Email
Best Wallet doesn’t require you to go through a lengthy and annoying KYC process. However, it does require you to provide just an email ID for easy accessibility on multiple devices. The process is very simple. Just start the application, and you may select which email ID you wish to register with on the wallet.
Step 3 – Create your Wallet
Now that you have registered, the next step is to customize your wallet. Begin by adding a password. You will also have the option to set up 2FA for better security and facial recognition as another layer of protection.
Once this is done, you can add a name for your first wallet, and even change the theme of the wallet label and colour. Once this is done, you will land on the homepage of the wallet.
Step 4 – Start Investing
Once you have completed all the customization and wallet setup, simply start investing your cryptocurrencies and even NFTs into the wallet. If you are a beginner, simply read our guide on how to buy cryptocurrency safely this year.
As for existing traders, remember, you don’t have to go through the trouble of buying crypto from other platforms and then investing it in the wallet every time. You can simply deposit funds one time, and then use the Best DEX to swap for other tokens directly.
Types of Cryptocurrency Wallets
Naturally, there are many types of cryptocurrency wallets that investors can use to store their cryptocurrencies safely. Let’s take a look at the various types of wallets and see which category Best Wallet falls under.
Hardware Wallets
These are usually physical devices that store a user’s private keys offline, making them highly resistant to online hacking attempts. They resemble USB drives and are considered one of the most secure options available, as there is no way to tamper with them. However, one needs to be careful about where they keep their hardware wallets since losing it would also mean losing all the funds within the wallet.
Software Wallets
Software wallets can be of two types. Let’s take a look at both of them.
Desktop Wallets: These types of wallets are often installed on a computer, giving full control over the user’s keys. While they are still available for use, a fair share of users do not use them unless their interaction with crypto is limited to using a computer.
Mobile Wallets: These are designed for smartphones and offer convenient access to funds on the go. Best Wallet is such a wallet, with other great examples being MetaMask and Trust Wallet.
Web Wallets
These wallets operate online through a web browser, which means that the user can start using them whenever they wish on any device that supports opening such a website. While they offer accessibility, they can be less secure due to the potential exposure to online threats like email scams and other means of similar fraud. Coinbase and Blockchain.info are some of the popular examples.
Why is Best Wallet a Good Option for Investors to Store Crypto?
Best Wallet has been very clear about its commitment to being a highly secure wallet, catering not only to experienced investors but also to new people in the industry. It has also created an ecosystem where the functionality of a wallet extends beyond merely storing cryptocurrencies.
There are several other useful elements that users can take advantage of within the Best Wallet ecosystem, a feature not commonly found among its competitors. Despite its recent launch, it has impressively integrated these new features seamlessly into its system.
Another attractive feature is its in-house DEX, which effectively addresses the inconvenience of having to make multiple transactions between different wallets just to acquire cryptocurrencies for safekeeping. We feel that all these elements collectively make it a wallet well worth considering.
Conclusion
We have completely reviewed the Best Wallet, examining all aspects of its ecosystem, both minor and major. During our evaluation, we came across numerous unique and innovative features that would likely appeal to a wide audience. These were verified and found to be true, although it’s worth noting that some of the features mentioned on the official website have not yet been launched.
Nevertheless, Best Wallet has managed to position itself as an excellent choice for those seeking a secure storage solution for cryptocurrencies while engaging with the Web3 world.
While we recommend conducting your own research before entrusting any wallet with your funds, we believe that Best Wallet currently stands as one of the top options in the crypto market.
FAQs
Is Best Wallet a mobile wallet?
Yes, Best Wallet is a mobile-based software wallet, that can be used to store, stake and even exchange cryptocurrencies, thanks to its direct integration with an in-house DEX.
How many cryptocurrencies does Best Wallet support?
While this hasn't been clarified yet, it is likely that the wallet supports hundreds of cryptocurrencies.
How can I be eligible for the BEST token airdrop?
To be eligible for the token airdrop, one would need to use the Best DEX. On every use, they will be able to earn some points, basis which they will be airdropped tokens once it is launched.
