NOW Wallet review: is it actually good in 2024?

The cryptocurrency space has seen a large surge in popularity, attracting a new wave of investors eager to gain exposure to digital assets.

The cryptocurrency space has seen a large surge in popularity recently, attracting a new wave of investors eager to gain exposure to digital assets. The problem is that many of these investors come from a traditional finance background and are used to the ease of buying and selling stocks.

Unfortunately, the crypto world isn’t as straightforward as the stock market, likely because it’s still relatively new compared to traditional stocks. This extra complexity can lead to misunderstandings, especially when it comes to different products and services.

This is particularly true for crypto wallets. One product that has been on the receiving end of some unfair criticism is NOW Wallet, developed by the team behind ChangeNOW. Online reviews show valid complaints and sources of frustration, but in most cases, they are from users who may not fully understand how crypto wallets work or the factors that affect transaction times and fees.

In this review, we’ll explore whether NOW Wallet is a good choice in 2024 by highlighting its key features and addressing common user concerns. 

Main features of NOW Wallet

NOW Wallet is a non-custodial crypto wallet developed by ChangeNOW, a popular crypto exchange service with a global presence. As a non-custodial wallet, NOW Wallet provides users with complete control over their private keys, ensuring full ownership of their digital assets.

Unlike custodial wallets, where a third-party entity can have control over the funds, NOW Wallet stands out by eliminating the need to trust a centralized authority.

Multi-currency and NFT support

NOW Wallet supports more than 15,000 cryptocurrencies. Essentially, investors who want exposure to major coins like Monero (XMR), Bitcoin (BTC), and Ethereum (ETH) can do so. NOW Wallet also supports many ERC-20 and BEP-20 tokens, as well as leading stablecoins.

Moreover, NOW Wallet allows users to store, send, and receive non-fungible tokens (NFTs) directly within the wallet. This is where the service stands out, as many of its rivals focus only on storage options for digital coins or NFTs, not both.

Users have the option to manage their digital collectibles alongside their cryptocurrencies, giving them a complete solution for their digital assets.

In-wallet swaps

NOW Wallet’s integration with ChangeNOW enables users to swap cryptocurrencies directly within the wallet. This feature is particularly useful for users who want to diversify their holdings or react quickly to market movements without using an external exchange. 

The swap process may take some getting used to for beginner investors with minimal experience. However, the process itself is straightforward and requires no additional registration or lengthy identity verification.

An often overlooked advantage of NOW Wallet is its capability to facilitate cross-chain swaps. This functionality allows users to exchange assets across different blockchain networks—such as swapping Bitcoin for Ethereum—without relying on intermediaries. This feature caters to a diverse range of user preferences.

Staking opportunities

NOW Wallet offers staking options for several cryptocurrencies, including ChangeNOW’s own NOW token, allowing users to earn passive income by participating in the network’s consensus mechanisms. Staking is an ideal way for users to grow the value of their portfolios without actively trading.

NOW Wallet’s staking interface is designed to be user-friendly and easy to stake tokens like Tron (TRX), Binance Coin (BNB), Solana (SOL), Cosmos (ATOM), Tezos (XTZ), and Cardano (ADA) directly from the wallet without interacting with multiple platforms.

DApp connectivity

NOW Wallet integrates with decentralized applications (DApps) through a feature called WalletConnect. This integration allows users to interact with multiple DApps across several blockchains, including Ethereum, Binance Smart Chain, Polygon (MATIC), and more.

This feature is useful for users interested in decentralized finance (DeFi), as it provides easy access to services such as lending, borrowing, and yield farming. By connecting NOW Wallet to DeFi apps, users have another tool to maximize the potential of their assets without relying on traditional financial intermediaries.

Addressing the negative reviews

NOW Wallet has garnered high ratings in app stores, with many users praising its easy-to-use functionality and intuitive design. For example, on the Google Play Store, NOW Wallet boasts a 4.5 out of 5-star rating from over 2,300 reviews. The majority of users are praising its intuitive interface and impressive set of features.

Also, NOW Wallet stands out for its fast and responsive customer support. The company offers 24/7 assistance through a support chat. This means users can get help whenever they need it, whether they’re troubleshooting an issue or have questions on how to maximize the wallet’s features. This focus on customer satisfaction has earned NOW Wallet positive reviews and built trust among its users.

No review of NOW Wallet would be complete without addressing many of the negative reviews on platforms like Trustpilot. In the vast majority of cases, negative reviews focus on issues such as transaction delays, high fees, technical problems, and general concerns.