If you’re active in the crypto sector, you should be familiar with crypto wallets. So, we all know the hassle it is to change wallets all the time.
If you’re active in the crypto sector, you should be familiar with crypto wallets. So, we all know the hassle it is to change wallets all the time. Each chain and associated ecosystem pretty much has its own wallet. For example, Metamask is good for EVM chains. Keplr and Leap Wallet stand out in the Cosmos ecosystem.
What you prefer, though, is a multichain wallet. That’s where Ctrl Wallet comes to the rescue. It supports no less than 2,100 different chains.
So, that’s why today, we compare Ctrl Wallet with two other multichain wallets. Like Trust Wallet and Gnosis/Safe.
Why Is Ctrl Wallet Leading the Charge?
Ctrl Wallet is leading the wallet charge for various reasons. One of the main reasons is of course the number of chains it supports. Currently, the tally stands at 2,100 chains. Ctrl Wallet is formerly known as XDEFI Wallet. You may have heard of it. Or even better, you may have used it.
Now, let’s quickly take a look at the other two wallets.
Trust Wallet ($TWT) is also a multichain, noncustodial wallet. It supports over 100 chains and 10 million assets. This includes, for instance, Bitcoin, Ethereum, and Solana. It launched in 2017. However, in 2018, Binance acquired the wallet. This boosted its position in the crypto wallet sector.
Like most wallets, Trust Wallet is available as a mobile and in a browser version. However, it doesn’t offer an onboarding option with your socials. With Trust Wallet, you need to write down your seed phrase and store it in a safe place. A seed phrase is a set of 12 or 24 words in a unique combination. The owner of the seed phrase has access to the wallet and its assets. So, it’s important to not share the seed phrase with anybody else.
The picture below shows some of the supported chains by Trust Wallet.
Source: Trust Wallet browser-extension
Gnosis/Safe Wallet
Finally, we have Safe Wallet ($SAFE), which is best known for its multisig feature. This allows for more security and control. A typical, standard crypto wallet needs only one signature for a transaction. However, a multisig wallet, like Safe, requires at least two or more signatures.
Safe currently offers only 20 chains, including three test nets. All these chains are EVM-compatible. Compared to the other two already mentioned wallets, that’s a lot less. However, the other two wallets don’t have a native multisig option. On the other hand, you can, for example, import the Safe Wallet into your Trust Wallet. It’s a popular choice for companies, to safeguard their funds. For example, for DAO funds. Then Trust Wallet would have some multisig capabilities too thanks to its setup in Safe.
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