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Cryptocurrency News Articles
Gem Wallet: A Streamlined Crypto Wallet With Built-in Dapp Functionality to Help Beginners Take That Step-up in Their Crypto Journey
Dec 17, 2024 at 04:02 am
Gem Wallet is crypto wallet that prides itself on accessibility, while still providing several additional advanced features that beginners can tap into
Gem Wallet is a crypto wallet that prides itself on accessibility, while still providing several additional advanced features that beginners can tap into when they feel ready. Pair this with a sizeable offering of crypto tokens, alongside some truly unique wallet management features and it’s a tool that all investors, but mostly crypto newcomers, will benefit greatly from.
The product allows crypto investors to negate many of the ecosystem’s more complex and technical aspects. It results in a streamlined gateway to the world of crypto that is perfectly suited for beginners.
First and foremost, when storing and protecting a person’s crypto assets, Gem Wallet boasts top-notch security protocols, making it very reliable and ridding any anxieties about unexpected hacks and scams.
The truth is that it’s so much more than just a wallet. It’s also packed with tools and extra features that make it a one-stop shop for investors, providing them with everything needed to start trading while also helping them learn more about the industry as they go.
With Gem Wallet, of course, storing cryptocurrency is the aim of the game, but the app also allows users to buy and sell crypto with its fiat onramp, specifically designed to be easy to use.
Gem Wallet also branches into the realm of NFTs, allowing users who are initially unfamiliar with these unique tokens, such as myself, to at least browse them and get an idea of their worth and value on the open marketplace.
Another type of market that Gem Wallet offers is its Dapp selection. Dapps can expand how investors interact with our digital assets, such as allowing for borrowing and lending. By having so many of them on offer, users can gradually dive deeper into the Dapp arena only when they feel ready.
On top of all this, Gem Wallet also possesses a few extra and quite unique features related to wallet management, specifically how it allows for multiple wallets to be stored on the same interface, which prevented me from having to juggle numerous apps at once.
To summarize, Gem Wallet starts with the basic features of storing, buying, and selling crypto, but if investors want to go further, they can explore several other more complex features, too, granting them the ability to progress in their crypto journey simply by using the wallet itself.
Most Polished Feature: Dapp Browser
Dapps are usually an aspect of crypto that investors will only use after familiarizing themselves with the basics of trading, despite their numerous benefits.
Thanks to its built-in WalletConnect protocol, Gem Wallet might be the most accessible way to experience and use dApps. This allows all Gem Wallet investors to browse and download a wide range of Dapps and DeFi apps, from social messengers to games to financial tools.
All investors need to do is scan a QR code correlated with the Dapp to the Gem Wallet, and the coins will immediately be added for them to enjoy.
It needs to be mentioned that this level of Dapp simplicity isn’t the everyday norm in the world of crypto. Very often, Dapps will take the form of browser extensions, which can be easily forgotten about while also taking up a good chunk of memory, depending on their size.
Therefore, they can easily scare away those new to crypto, but Gem Wallet is making them much more appealing and accessible, allowing investors to test them out without even needing to leave the app.
Trading Options
Gem Wallet can almost be considered a light exchange in and of itself, considering the extensive trading options that it offers its users.
The mobile app’s easygoing interface and clearly defined menus allow users to buy, sell, send, and receive crypto without any hassle.
Gem Wallet’s on/off ramp feature is so simple that it negates the need to balance multiple exchanges to start buying and selling several crypto tokens.
Users can start acquiring crypto by simply pressing the ‘Buy’ button and choosing from one of the numerous payment options. Most wallets are a little strict about how users can add their fiat money to start purchasing crypto, but Gem Wallet offers everything from credit and debit/credit cards to Apple Pay, Google Pay, and even Revolut Pay.
Gem Wallet also allows for on-chain swaps, which are just as straightforward as regular buying and selling, much more so than other wallets in my personal experience. Additionally, Gem Wallet’s crypto can be swapped at good rates thanks to the inclusion of well-known swap providers like 1inch and PancakeSwap, meaning there are no hidden charges or inflated spreads impacting the overall price.
Gem Wallet also supports NFT transactions, allowing you to easily buy, sell, or seek out the value for a particular token to potentially add to your digital collection, which can be fully managed on the app itself.
You won’t be getting any more advanced trading offerings like derivatives, spots, and futures, which prevents the wallet from being a straight-up replacement for exchanges. However, it nonetheless features all the most basic quick and easy trading options.
Tools
Let’s examine some of the app’s built-in tools
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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