Name: New to DeFi? Decentralised Wallets vs. Centralised Wallets Explained
Uploaded: 2021-05-07T06:59:00.000Z
Duration: 2 min 57 s
Description: New to DeFi? Decentralised Wallets vs. Centralised Wallets Explained

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The Crypto.com Wallet is a non-custodial wallet that, according to the vendor, offers access to a suite of decentralized finance (DeFi) services. This wallet allows users to securely store and manage their cryptocurrencies, while also providing features such as earning rebates, browsing DApps, depositing NFTs, swapping tokens, and sending crypto. The Crypto.com Wallet is intended for individuals and businesses of various sizes, including cryptocurrency traders, investors, DeFi enthusiasts, blockchain developers, and NFT collectors.

## Key Features

**NFT Deposit**: The Crypto.com Wallet allows users to manage and share their NFTs across multiple blockchains.

**Swap Tokens**: Users can seamlessly swap over 1000 tokens across various chains, including Ethereum, Cronos, and Cosmos, using the in-app bridging feature.

**Earn Rebates**: According to the vendor, users can earn rebates on 25+ tokens, including CRO, VVS, TONIC, ATOM, and stablecoins, with flexible terms and potentially attractive returns.

**Browse DApps**: The Crypto.com Wallet enables users to explore popular DApps directly within the wallet, facilitating connections, swaps, farming, and mining on various DeFi protocols.

**Secure Storage**: Users have full control over their crypto assets and private keys, with the ability to manage 1000+ tokens across 30+ blockchains, including Cronos, Crypto.org Chain, and Ethereum.

**Send Crypto**: Users can send crypto with preferred confirmation speed and network fee, while staying informed about gas fees and transaction speeds through the ETH Gas Meter.

**Wallet Extension**: The DeFi Wallet App can be connected to a desktop browser, allowing users to send and receive crypto, view balances, and confirm DApp transactions without switching devices.

**DeFi Desktop Wallet**: Users can restore the DeFi Wallet with a 12-word recovery phrase, granting access to advanced features like governance and the management of Ledger assets on a desktop.

**Security**: The Crypto.com Wallet employs enhanced security measures, including the encryption of private keys locally on the device using Secure Enclave, as well as protection through Biometric and 2-Factor Authentication.

**Crypto Prices**: Users can access real-time prices of various cryptocurrencies, including Bitcoin, Ethereum, and other digital assets, to stay updated on market movements.

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Crypto.com Wallet

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Crypto.com

New to DeFi? Decentralised Wallets vs. Centralised Wallets Explained

In this video, we will highlight the key differences between centralised wallets like the Crypto.com App and Exchange, and decentralised wallets like the Crypto.com DeFi Wallet App. 

Key concepts to get you started with DeFi:
➡️ DeFi Wallet is a decentralised wallet while the Crypto.com App and Exchange are centralised wallets
➡️ Transaction fees are on-chain and require network fees for the corresponding Blockchain network’s confirmation
➡️ DeFi Wallet is a mobile wallet interface to display and manage your crypto assets, your recovery phrase allows you to regain access to your crypto

Useful links:
📱DeFi Wallet: https://defi.onelink.me/MFZQ/2510a0cd
❓FAQ: https://help.crypto.com/en/collections/2221157-crypto-com-defi-wallet 
🌐 Website: https://crypto.com/defi-wallet 

Join our community 🥳 :
Telegram: https://t.me/Cryptocom_DeFiWallet 
Discord: https://discord.com/channels/372888022452011008/824149399080665108

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Crypto.com Wallet

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