Do you know all these hidden functions of the wallet?
Author | Qin Xiaofeng
Editor | Lu Xiaoming
Produced | Odaily
Author | Qin Xiaofeng
Editor | Lu Xiaoming
The most active part of the blockchain field is the "transaction" link.
according toqkl123The encrypted assets that users use to trade are generally stored in exchanges or wallets.
Because some investors do not trust the former, they prefer decentralized blockchain wallets, which also gave birth to the development of the wallet industry.
According to the data, there are currently close to hundreds of blockchain wallets in the world, and the competition in the industry is fierce.
Many novice users may think that blockchain wallets can only be used to deposit coins. In fact, the function of the blockchain wallet has already been upgraded from a single storage to a multi-currency, multi-functional wallet integrating transactions, storage, wealth management, mining and other services.
Odaily selected 5 mobile light wallets for evaluation, namely: imToken, Bitpie, Huobi Wallet, Bixin, and Cobo. What features do they have?ImToken
wallet evaluationofficial1. Long history:
ImToken, born in May 2016, has become the "overlord" of the blockchain wallet industry by virtue of its first-mover advantage. according to
official
It is said that imToken has nearly 10 million device users.The nascent ImToken wallet only supports ETH storage; it has now developed into a multi-chain wallet that supports ETH, BTC, EOS and COSMOS storage, and supports pairing with imkey, the hardware wallet of ImToken; there is no limit to the number of wallets in different public chains. For the experience, I Opened three ETH wallet accounts.
It is worth mentioning that the Bitcoin wallet and COSMOS wallet in the ImToken wallet only support the export of mnemonic words, and cannot export private keys and Keystores.
Since opening an EOS wallet account needs to consume EOS, the general way to open an account is to recharge EOS from the exchange to the account address;
The imToken wallet supports (consumes) the use of ETH to directly create an EOS account, which saves the cumbersome registration process.
In addition, imToken's built-in Tokenlon supports "flash exchange", that is, users can directly exchange one currency for another currency. The exchange price is basically the same as that of the exchange, and only GAS is charged for transfer on the chain, which saves the process of users depositing coins to the exchange.
From July 31st, Tokenlon was officially upgraded to an independent decentralized exchange (DEX), but currently only supports free trading of 17 currencies: ETH, EOS, USDT, DAI, TUSD, USDC, USDX, PAX, SNT , ATOM, ELF, ENJ, KNC, LOOM, MANA, OMG, ZRX.
Careful readers may find that the above-mentioned transaction currencies do not include other mainstream currencies such as Bitcoin and LTC. What should users do if they have transaction needs in other currencies?
The current ImToken solution is to link third-party DEX DAPPs: provide 17 DEX DAPPs including DEX.TOP and DDEX.
In addition to trading DAPPs, imtoken's DAPP list also includes: 20 financial categories (ComPound), 16 game categories (Snake), 19 tool categories (batch currency transfer), and 11 community categories (DAPP ranking).All the above DAPPs are built based on ETH and EOS. For other DAPPs on the two public chains or DAPPs on other public chains, you can only manually enter the DAPP URL to access.
I tried it, and this function is not easy to use. Unless the URL is entered accurately, it is difficult to access, and it cannot be ambiguously queried like a search engine. When accessing DAPP, external networks like Etherscan take a long time to wait, usually more than 10 seconds.In addition to currency transactions, ImToken currently does not support OTC transactions.
In fact, ImToken had previously launched the "one-build purchase" function in 2016, that is, users can directly purchase virtual currency with fiat currency. However, after the "September 4th Notice" in 2017, ImToken stopped this business, and it has not yet reopened.
2. Brand endorsement:
Huobi Wallet
The Huobi Wallet, which is backed by the Huobi Exchange, has always been tepid.
In October 2018, Huobi Wallet released a new version, which changed the previous centralized custody method and transferred the private key of the wallet to the user's own custody.Like ImToken, Huobi Wallet is also a multi-currency wallet, but it supports more currencies, reaching 12 kinds; among them, IOST wallet can be created for free, but the EOS wallet creation address does not support ETH offset like imToken.
Huobi Wallet also supports "Flash Exchange", which can be exchanged for a total of 73 currencies including BTC and ETH. It seems that Huobi Wallet intends to develop into a small exchange.
However, during the experience, I found that the handling fee of "Flash Exchange" is very high, so it is not recommended to use it.
Huobi Wallet's flash exchange service fee includes two parts: Changelly platform transaction fee + on-chain miner fee. Taking ETH exchange as an example, the comprehensive service fee is as high as 0.9%, far exceeding the exchange transaction fee (0.2%).
In addition, when performing flash swaps, due to the limited liquidity provided by market makers, the number of flash swaps for users is limited. Among them, the ETH trading volume is limited between 0.16 and 20.9.In addition, Huobi Wallet also supports DAPP, and the current number has accumulated to 55. Although it supports searching for DAPPs, after experiencing it personally, I found that it was not found at all, and it became a decoration.
Since Huobi is the brand endorsement, many users still trust its security. During the experience, we found that fingerprint identification is required, and once the transaction password is entered incorrectly 5 times, the transfer will be restricted (time 1 hour).
3. More currency types:
bit pie
The Bitpie wallet supports more currencies, the operation is easier, and the built-in functions of the wallet are more complete, which lowers the threshold for novice users.
The first is the supported currencies. Bitpie is currently one of the wallets that supports the largest number of public chains, up to 17 kinds, covering the mainstream tokens on the market.
Some public chains (such as EOS) need to transfer GAS when creating an address, and the process is cumbersome. Bitpie can be created in a variety of ways: Alipay/bank card, other currencies, Pie Bank (recharge legal currency in advance), and ask friends to help create, which greatly simplifies the creation steps.
Bitpie also supports "Flash Exchange", but there are only 7 currencies available for exchange: BTC, ETH, BCH, BSV, LTC, EOS, USDT and EBTC; in addition, a 0.5% handling fee is charged during the transaction, The miner fee is also borne by the user.
In addition, Bitpie has also opened the OTC trading function, which currently supports 10 currencies. If users do not want to hold coins, they can sell them directly. When selling, there is no commission, but I have found that the spread can reach 1%. For example, 1 BTC can be sold for $10,100 on exchanges, but only $10,000 on Bitpie.
However, OTC trading is not without limitations. On the one hand, users need to pass Bitpie's KYC (Know Your User) verification, and some specific currencies do not even accept Chinese and American user verification.
Although the outside world "bragged" that it is easy to issue coins, a technical novice like me still doesn't know how to issue coins.Bixin Wallet
Token Factory is to help users issue coins. You only need to pay a service fee of 1 ETH, and after leaving the address, you can also reflect the feeling of issuing coins.
4. Bitcoin version of WeChat:
Bixin Wallet
As a centralized wallet, users only need to register Bixin Wallet with their mobile phone number, which also means that the private key is kept by the Bixin team. Currently, Bixin supports 11 public chain tokens.
Bixin Wallet, which was born at the same time as imToken, is also known as "WeChat in Bitcoin". This title is mainly due to a major feature of Bixin Wallet, which focuses on social networking.
In the wallet, you can see the settings similar to the WeChat version, and you can find friends and chat with them through their mobile phone numbers. Of course, friends must also register with Bixin.
Due to the addition of social networking, users can also send encrypted currency red envelopes in the chat, which is also a major feature.
In addition, the currency circle (similar to the circle of friends + Weibo square), newsletter, coin store (similar to "Weidian") and third-party services (dapp) have been added to the social network.
Like the previous wallet, Bixin also has a "flash exchange" service, but only supports five token transactions including BTC, ETH, EOS, LTC, and DASH. The transaction price is anchored to the current price of the three major exchanges of Binance, Huobi, and Bixin. There is no handling fee and no limit on the number of transactions. In fact, it feels more like a direct connection to the Bixin trading system API.
In addition, Bixin Wallet has also opened the OTC transaction function, but only supports four currencies such as BTC, ETH, EOS, and USDT. The number of transactions is small, and of course KYC verification is also required.Different from the previous three wallets, Bixin Wallet also adds wealth management, lending and leveraged transactions. Among them, leverage trading supports BTC, ETH, EOS, LTC, and supports up to 3 times leverage.
Rather than saying that Bixin Wallet is a wallet, it is more like a mini exchange.
5. Financial experts:
Cobo Wallet
As the industry of the old man in the currency circle, Cobo Wallet has always attracted much attention.
Of course, to participate in investment and financial planning, KYC verification is indispensable. For users without KYC, withdrawals will also be restricted.
in conclusion
It is worth mentioning that Cobo has provided participation channels for the previous Algorand Dutch auction and the recent Nervos public offering.
secondary title
in conclusion
By experimenting with several of the above wallets, we found that:
Multi-currency wallets have become a major trend, but the response of established wallets like imtoken seems a bit slow, and the market stock may be divided by other multi-currency wallets.
