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Web3 Wallets: Custodial vs Non-Custodial, What’s Best for You?
Custodial wallets (exchanges) offer convenience, easy access, built-in features, but risk central control.
Non-custodial wallets give you full control over keys but demand personal responsibility (backups, security).
Best practice:
•Keep long term holdings in non custodial (hardware/cold)
•Use custodial for trading, short-term needs
Hybrid strategies often offer the best balance of security and usability.
#wallets #CustodialRisk #NonCustodialWallet #CryptoSecurity
Non-custodial wallets give you full control over keys but demand personal responsibility (backups, security).
Best practice:
•Keep long term holdings in non custodial (hardware/cold)
•Use custodial for trading, short-term needs
Hybrid strategies often offer the best balance of security and usability.
#wallets #CustodialRisk #NonCustodialWallet #CryptoSecurity
Backing this outlook is heavy #Whale.Alert activity, with data showing that large holders have accumulated 820,000 $ETH valued at roughly $3.8B in just three days. #wallets holding between 10,000 and 100,000 ETH have consistently added to their holdings since June, reflecting institutional confidence in ETH’s next major move. Despite concerns over staking withdrawals, Vitalik Buterin’s comments and the network’s steady higher-low structure keep sentim
ent optimistic.#Write2Earn @WalletConnect
ent optimistic.#Write2Earn @WalletConnect
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Crypto Control App is ready. Soon you will be able to download it from the Google Play Store. *This is a beta version, many improvements are already being built, new features will be implemented frequently. Income Tax Declaration; Real-Time Balance; Crypto POS (to use in your business); Purchases, Sales, and Cryptocurrency Transactions; and other improvements that are already being built.. the app already has great functionalities and over time it will become more robust. #btc #Bitcoin #blockchain #criptomoedas #wallets
WalletConnect: The Invisible Backbone of Web3
What Is WalletConnect?
Imagine trying to use a mobile app that only works with one specific brand of smartphone. Frustrating, right? Now, picture a world where every app speaks a different language, and each requires its own unique setup. That's the chaos WalletConnect aims to eliminate in the Web3 space.
WalletConnect is a decentralized protocol that enables secure and seamless communication between cryptocurrency wallets and decentralized applications (dApps). By using QR codes or deep links, WalletConnect allows users to connect their wallets to dApps without exposing private keys, ensuring a secure and user-friendly experience.
🔗 The Role of WalletConnect in Web3
In the rapidly evolving Web3 landscape, WalletConnect serves as a crucial infrastructure layer, facilitating interoperability between various blockchains and wallets. This interoperability is essential for the seamless operation of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications.
WalletConnect Token (WCT): Utility and Governance
The WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network. WCT plays a pivotal role in the ecosystem by:
Staking: Users can stake WCT to participate in network consensus and earn rewards.
Governance: Holders can vote on protocol upgrades and changes, ensuring decentralized decision-making.
Rewards: Active participants in the ecosystem are rewarded with WCT tokens for their contributions.
Fees: WCT can be used to pay for transaction fees within the WalletConnect Network.
These features empower the community to have a say in the protocol's future and ensure its growth and sustainability.
Tokenomics of WCT
Total Supply: 1 billion WCT tokens
Initial Launch Price: $0.20 per token
Vesting Schedule: 100% unlock once transferability is enabled, subject to community vote
Fully Diluted Valuation (FDV): $200 million
The tokenomics are designed to incentivize early participation while ensuring long-term sustainability and decentralization.
Expansion Across Blockchains
To enhance its utility and reach, WCT has expanded to multiple blockchains:
Optimism: Launched on Optimism's OP Mainnet, leveraging Ethereum's security and Optimism's scalability.
Solana: Integrated into the Solana ecosystem with a 5 million WCT airdrop to active users, facilitated by Wormhole's Native Token Transfers (NTT).
Base: Expanded to Base, a fast-growing ecosystem, bringing WCT to one of the most active and scalable chains.
These expansions aim to increase WCT's accessibility and utility across different blockchain ecosystems.
Airdrop and Community Engagement
WalletConnect has actively engaged its community through various airdrop initiatives:
Season 1 Airdrop: Identified power users of the WalletConnect Network and invited them to become foundational members.
Binance Launchpool: Launched WCT on Binance Launchpool, allowing users to farm WCT by locking BNB, FDUSD, and USDC.
Eligibility Checker: Provided a tool for users to check their eligibility for airdrops and claim tokens accordingly.
These initiatives aim to reward early adopters and encourage active participation in the ecosystem.
Security and Privacy
WalletConnect prioritizes user security and privacy by ensuring that private keys are never exposed during wallet connections. The protocol employs end-to-end encryption and secure communication channels to protect user data and assets.
The Future of WalletConnect
As the Web3 ecosystem continues to grow, WalletConnect aims to expand its reach and enhance its offerings:
Enhanced Interoperability: Continued expansion to support more blockchains and wallets, fostering a more interconnected Web3 ecosystem.
Developer Tools: Providing developers with robust tools and resources to build and integrate dApps seamlessly with WalletConnect.
Community Governance: Empowering the community to participate in decision-making processes, ensuring the protocol evolves in line with user needs and preferences.
WalletConnect's commitment to security, interoperability, and community engagement positions it as a cornerstone in the Web3 infrastructure, enabling seamless and secure interactions across the decentralized web.
WalletConnect's evolution from a simple connection protocol to a decentralized network with its own native token reflects the growing importance of seamless and secure interactions in the Web3 space. By focusing on interoperability, community governance, and user security, WalletConnect aims to empower users and developers alike, fostering a more inclusive and decentralized digital ecosystem.
@WalletConnect #wallets
$WCT
Imagine trying to use a mobile app that only works with one specific brand of smartphone. Frustrating, right? Now, picture a world where every app speaks a different language, and each requires its own unique setup. That's the chaos WalletConnect aims to eliminate in the Web3 space.
WalletConnect is a decentralized protocol that enables secure and seamless communication between cryptocurrency wallets and decentralized applications (dApps). By using QR codes or deep links, WalletConnect allows users to connect their wallets to dApps without exposing private keys, ensuring a secure and user-friendly experience.
🔗 The Role of WalletConnect in Web3
In the rapidly evolving Web3 landscape, WalletConnect serves as a crucial infrastructure layer, facilitating interoperability between various blockchains and wallets. This interoperability is essential for the seamless operation of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications.
WalletConnect Token (WCT): Utility and Governance
The WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network. WCT plays a pivotal role in the ecosystem by:
Staking: Users can stake WCT to participate in network consensus and earn rewards.
Governance: Holders can vote on protocol upgrades and changes, ensuring decentralized decision-making.
Rewards: Active participants in the ecosystem are rewarded with WCT tokens for their contributions.
Fees: WCT can be used to pay for transaction fees within the WalletConnect Network.
These features empower the community to have a say in the protocol's future and ensure its growth and sustainability.
Tokenomics of WCT
Total Supply: 1 billion WCT tokens
Initial Launch Price: $0.20 per token
Vesting Schedule: 100% unlock once transferability is enabled, subject to community vote
Fully Diluted Valuation (FDV): $200 million
The tokenomics are designed to incentivize early participation while ensuring long-term sustainability and decentralization.
Expansion Across Blockchains
To enhance its utility and reach, WCT has expanded to multiple blockchains:
Optimism: Launched on Optimism's OP Mainnet, leveraging Ethereum's security and Optimism's scalability.
Solana: Integrated into the Solana ecosystem with a 5 million WCT airdrop to active users, facilitated by Wormhole's Native Token Transfers (NTT).
Base: Expanded to Base, a fast-growing ecosystem, bringing WCT to one of the most active and scalable chains.
These expansions aim to increase WCT's accessibility and utility across different blockchain ecosystems.
Airdrop and Community Engagement
WalletConnect has actively engaged its community through various airdrop initiatives:
Season 1 Airdrop: Identified power users of the WalletConnect Network and invited them to become foundational members.
Binance Launchpool: Launched WCT on Binance Launchpool, allowing users to farm WCT by locking BNB, FDUSD, and USDC.
Eligibility Checker: Provided a tool for users to check their eligibility for airdrops and claim tokens accordingly.
These initiatives aim to reward early adopters and encourage active participation in the ecosystem.
Security and Privacy
WalletConnect prioritizes user security and privacy by ensuring that private keys are never exposed during wallet connections. The protocol employs end-to-end encryption and secure communication channels to protect user data and assets.
The Future of WalletConnect
As the Web3 ecosystem continues to grow, WalletConnect aims to expand its reach and enhance its offerings:
Enhanced Interoperability: Continued expansion to support more blockchains and wallets, fostering a more interconnected Web3 ecosystem.
Developer Tools: Providing developers with robust tools and resources to build and integrate dApps seamlessly with WalletConnect.
Community Governance: Empowering the community to participate in decision-making processes, ensuring the protocol evolves in line with user needs and preferences.
WalletConnect's commitment to security, interoperability, and community engagement positions it as a cornerstone in the Web3 infrastructure, enabling seamless and secure interactions across the decentralized web.
WalletConnect's evolution from a simple connection protocol to a decentralized network with its own native token reflects the growing importance of seamless and secure interactions in the Web3 space. By focusing on interoperability, community governance, and user security, WalletConnect aims to empower users and developers alike, fostering a more inclusive and decentralized digital ecosystem.
@WalletConnect #wallets
$WCT
I was buying $BNB at $5–$15 — they didn’t get it, they laughed.
“It’s just an exchange token, only good for trading discounts.” Today BNB broke $1000. Congrats @CZ ✊
For the past 5 years, I’ve been stacking $TWT from $0.02 — they laughed again.
“It’s just a wallet token, no utility.”
Today @TrustWallet dropped its official tokenomics.
They look, but they don’t see. They’re chasing the next $BNB , while it’s sitting right under their nose.
History repeats itself.
The sad truth? They’ll start buying $TWT at $10, $20 — and realize it was just as obvious as BNB at $10.
I invest in people. I invest in teams. I invest in long-term businesses.
When I started buying $TWT, I was investing in @CZ team.
All of crypto will be wrapped into one simple wallet — no external Dapps, no unnecessary complexity. Remember this.
#BinanceSquareTalks #WriteToEarn #bnb #twt #wallets
$BNB
$BOB
“It’s just an exchange token, only good for trading discounts.” Today BNB broke $1000. Congrats @CZ ✊
For the past 5 years, I’ve been stacking $TWT from $0.02 — they laughed again.
“It’s just a wallet token, no utility.”
Today @TrustWallet dropped its official tokenomics.
They look, but they don’t see. They’re chasing the next $BNB , while it’s sitting right under their nose.
History repeats itself.
The sad truth? They’ll start buying $TWT at $10, $20 — and realize it was just as obvious as BNB at $10.
I invest in people. I invest in teams. I invest in long-term businesses.
When I started buying $TWT, I was investing in @CZ team.
All of crypto will be wrapped into one simple wallet — no external Dapps, no unnecessary complexity. Remember this.
#BinanceSquareTalks #WriteToEarn #bnb #twt #wallets
$BNB
$BOB
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Cryptocurrencies have targets of 10-20x
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
👇👇👇👇👇👇👇👇
Ethereum 🚀
$ETH
Will be the market leader one day and has very big goals and is positive on
Average duration as soon as Ethereum rises
It will pull the altcoins with it and an explosion will begin everywhere, and the bar candles that erase months of decline will turn
Green, which supports my view on the
Altcoins and the doubles we are waiting for
And this means that there is 👉 a new peak
For the altcoins above ⬆️ the peak of March
2024
🔥🔥🔥🔥🔥🔥
Its targets are shown on the chart and accumulation areas as well
#walltconnect
#wallets
#WCTToken
#BinanceSquare
$WCT
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
👇👇👇👇👇👇👇👇
Ethereum 🚀
$ETH
Will be the market leader one day and has very big goals and is positive on
Average duration as soon as Ethereum rises
It will pull the altcoins with it and an explosion will begin everywhere, and the bar candles that erase months of decline will turn
Green, which supports my view on the
Altcoins and the doubles we are waiting for
And this means that there is 👉 a new peak
For the altcoins above ⬆️ the peak of March
2024
🔥🔥🔥🔥🔥🔥
Its targets are shown on the chart and accumulation areas as well
#walltconnect
#wallets
#WCTToken
#BinanceSquare
$WCT
#BinanceSquareTalks #wallets
Experts please guide….Is it worth keeping all coins on Binance or should I use cold wallets?
Experts please guide….Is it worth keeping all coins on Binance or should I use cold wallets?
24 #wallets (insider or dev) spent 1.5 #ETH ($4,864) to buy 378.45M #fight (37.8% of the total supply) before FIGHT opened trading.
These 24 wallets have sold 261.6M FIGHT , leaving 116.8M FIGHT ($7.36M) currently, 11.68% of the total supply. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip
These 24 wallets have sold 261.6M FIGHT , leaving 116.8M FIGHT ($7.36M) currently, 11.68% of the total supply. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip
Bitcoin (BTC) dominance continues, with history suggesting another potential surge to six-figure averages above $160,000.
@core; Ethereum (ETH) leads altcoins with strong DeFi and NFT adoption, driving consistent growth.
Binance Coin (BNB) shows resilience through Binance’s expanding ecosystem and burning mechanisms.
==>XRP struggles with regulatory uncertainty but maintains a strong presence in cross-border payment solutions.
@news Market dynamics indicate simultaneous growth and correction phases across major coins.
Trading volume and liquidity remain crucial indicators for trend persistence.
##@ views Technical analysis on TradingView suggests potential buy signals for BTC and ETH based on historical patterns.
@next motive Altcoin season may be on the horizon, with coins like BNB and XRP potentially outperforming BTC.
#news Macroeconomic factors and regulatory news significantly impact crypto market trends.
@#wallets Investors are advised to watch market dynamics closely and diversify portfolios to mitigate risks.
@core; Ethereum (ETH) leads altcoins with strong DeFi and NFT adoption, driving consistent growth.
Binance Coin (BNB) shows resilience through Binance’s expanding ecosystem and burning mechanisms.
==>XRP struggles with regulatory uncertainty but maintains a strong presence in cross-border payment solutions.
@news Market dynamics indicate simultaneous growth and correction phases across major coins.
Trading volume and liquidity remain crucial indicators for trend persistence.
##@ views Technical analysis on TradingView suggests potential buy signals for BTC and ETH based on historical patterns.
@next motive Altcoin season may be on the horizon, with coins like BNB and XRP potentially outperforming BTC.
#news Macroeconomic factors and regulatory news significantly impact crypto market trends.
@#wallets Investors are advised to watch market dynamics closely and diversify portfolios to mitigate risks.
#Ethereum Records 267K New #wallets , the Highest in Nearly 2 Years
Ethereum has seen a surge in new wallet creation despite market downturns, hinting at renewed interest in the network. Santiment data shows a spike of nearly 267,000 new wallets over April 28 and 29, the largest in nearly six months. This growth reflects ongoing enhancements in scalability and security.
CoinMarketCap data reveals that most Ethereum addresses hold small balances, with only a fraction having substantial holdings. Whales, though few in number, control around 40.75% of the circulating supply, each holding an average of $3.66 million worth of ETH.
Investor holding patterns vary, with the majority classified as long-term holders, indicating confidence in Ethereum's future. Medium-term holders make up a smaller portion, while traders holding for shorter durations represent the smallest group.
Despite a recent 3.80% price decline, Ethereum has outperformed the broader #cryptocurrency market, which saw an average decline of 8.80%. ETH's current price is $2,992, with a market capitalization of $355.6 billion.
Source - thecryptobasic.com
Ethereum has seen a surge in new wallet creation despite market downturns, hinting at renewed interest in the network. Santiment data shows a spike of nearly 267,000 new wallets over April 28 and 29, the largest in nearly six months. This growth reflects ongoing enhancements in scalability and security.
CoinMarketCap data reveals that most Ethereum addresses hold small balances, with only a fraction having substantial holdings. Whales, though few in number, control around 40.75% of the circulating supply, each holding an average of $3.66 million worth of ETH.
Investor holding patterns vary, with the majority classified as long-term holders, indicating confidence in Ethereum's future. Medium-term holders make up a smaller portion, while traders holding for shorter durations represent the smallest group.
Despite a recent 3.80% price decline, Ethereum has outperformed the broader #cryptocurrency market, which saw an average decline of 8.80%. ETH's current price is $2,992, with a market capitalization of $355.6 billion.
Source - thecryptobasic.com
👉👉👉 S Korean City of Incheon Seizes $375,000 Worth of Crypto from ‘Tax Dodgers’
Incheon, South Korea, has reported the confiscation of $375,000 in cryptoassets from residents accused of tax evasion. The city collected these funds from 298 individuals who attempted to conceal earnings in token #wallets , including #virtual currencies like Bitcoin. Tax-evading citizens are expected to choose between settling tax bills and fines or having their coins liquidated and sold. This action is part of an ongoing region-by-region crackdown on crypto-holding tax evaders involving central and local tax agencies.
In recent years, the National Tax Service (NTS) and customs service have equipped themselves with new crypto monitoring tools. In addition to virtual currencies, Incheon's tax service seized various assets, leading to a total of over $43.6 million raised from tax evaders in fiscal year 2023. Since 2021, Incheon has launched dedicated tax evasion investigation teams and implemented seven new high-tech tools, including crypto-related solutions, to create a more effective collection network. In September 2022, South Korean tax officials reported seizing $186 million worth of cryptoassets, and by December 2022, #coins had been seized from almost 6,000 citizens as part of the continued crackdown on tax evasion.
Source - Tim Alper @tim-alper
Website - Cryptonews
#CryptoNews🔒📰🚫 #BinanceSquare
Incheon, South Korea, has reported the confiscation of $375,000 in cryptoassets from residents accused of tax evasion. The city collected these funds from 298 individuals who attempted to conceal earnings in token #wallets , including #virtual currencies like Bitcoin. Tax-evading citizens are expected to choose between settling tax bills and fines or having their coins liquidated and sold. This action is part of an ongoing region-by-region crackdown on crypto-holding tax evaders involving central and local tax agencies.
In recent years, the National Tax Service (NTS) and customs service have equipped themselves with new crypto monitoring tools. In addition to virtual currencies, Incheon's tax service seized various assets, leading to a total of over $43.6 million raised from tax evaders in fiscal year 2023. Since 2021, Incheon has launched dedicated tax evasion investigation teams and implemented seven new high-tech tools, including crypto-related solutions, to create a more effective collection network. In September 2022, South Korean tax officials reported seizing $186 million worth of cryptoassets, and by December 2022, #coins had been seized from almost 6,000 citizens as part of the continued crackdown on tax evasion.
Source - Tim Alper @tim-alper
Website - Cryptonews
#CryptoNews🔒📰🚫 #BinanceSquare
🚨 NEWS ALERT 🚨
75% of all #bitcoin☀️ has been #hodled for over 6 months
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in #wallets hasn't been sold or moved for the last six months
⚠️ Don't forget to VOTE 👍 me on my profile for next 11 days ⚠️ TOPCREATORAWARDS
⭕ Your one vote matters alot
75% of all #bitcoin☀️ has been #hodled for over 6 months
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in #wallets hasn't been sold or moved for the last six months
⚠️ Don't forget to VOTE 👍 me on my profile for next 11 days ⚠️ TOPCREATORAWARDS
⭕ Your one vote matters alot
See original
Do you need to decide where to store your Crypto? Cold Storage vs Exchanges:
Cold Wallet Storage or Physical Digital Wallets 🔒🔑
Security: Highly secure due to offline storage 🛡️🚫🌐
Access: Requires physical connection to a device 💻🔌
Convenience: Less convenient for everyday transactions 🗓️🤷♀️
Cost: More expensive due to specialized hardware 💰💸
Exchange Storage 📱
Security: Less secure due to online storage ⚠️🌐
Access: Convenient access from any device with internet 📱💻
Convenience: Easier for everyday transactions 🗓️✅
Cost: Less expensive due to software-based storage 🆓✨
Summary
#wallets #Cryptowallets
Cold Wallet Storage or Physical Digital Wallets 🔒🔑
Security: Highly secure due to offline storage 🛡️🚫🌐
Access: Requires physical connection to a device 💻🔌
Convenience: Less convenient for everyday transactions 🗓️🤷♀️
Cost: More expensive due to specialized hardware 💰💸
Exchange Storage 📱
Security: Less secure due to online storage ⚠️🌐
Access: Convenient access from any device with internet 📱💻
Convenience: Easier for everyday transactions 🗓️✅
Cost: Less expensive due to software-based storage 🆓✨
Summary
#wallets #Cryptowallets
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How to use decentralized wallets and avoid risks
Non-custodial wallets, like MetaMask, Trust Wallet, and Ledger, allow you to manage your cryptocurrencies without intermediaries. This gives you greater control, but it also entails greater responsibility.
Key tips for using them safely:
Keep your seed phrase secure: Never share it or store it online. Write it down on paper and keep it in a safe place.
Verify contract addresses: Before connecting your wallet to a DApp, check that the contract is legitimate.
Enable security measures: Some wallets allow you to set up an additional password or two-factor authentication.
Use hardware wallets for large amounts: If you have a significant investment, a cold wallet like Ledger or Trezor is the safest option.
In the crypto world, you are your own bank. Security should be your priority!
$HBAR
#wallets
Non-custodial wallets, like MetaMask, Trust Wallet, and Ledger, allow you to manage your cryptocurrencies without intermediaries. This gives you greater control, but it also entails greater responsibility.
Key tips for using them safely:
Keep your seed phrase secure: Never share it or store it online. Write it down on paper and keep it in a safe place.
Verify contract addresses: Before connecting your wallet to a DApp, check that the contract is legitimate.
Enable security measures: Some wallets allow you to set up an additional password or two-factor authentication.
Use hardware wallets for large amounts: If you have a significant investment, a cold wallet like Ledger or Trezor is the safest option.
In the crypto world, you are your own bank. Security should be your priority!
$HBAR
#wallets
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