With nearly 25% of the total cryptocurrency sales globally represented by crypto wallets, the number of options available in the market today has increased significantly. Best Wallet, one of the newly launched options, has managed to position itself not just as a wallet, but as an entire wallet ecosystem.
In this review, we will assess Best Wallet to see if it has what it takes to actually live up to its name.
What is Best Wallet?
Initially launched as a simple multi-asset crypto wallet, Best Wallet was introduced several months ago. It describes itself as the smartest way to buy, store, and swap crypto. However, that's not all—the project has evolved over the past months from being just a wallet to an entire ecosystem where investors can carry out various actions in a single place.
It is a completely decentralized and non-custodial entity, offering multi-chain and multi-crypto options for all users. The platform is secured by some of the most advanced cryptographic techniques in key management, multi-factor authentication, and biometrics to ensure that user funds and data are safeguarded at all times.
The ecosystem, while still in the process of being fully furnished, has already achieved all its targets for phase two of its four-phased roadmap. It supports transactions on over 60 chains, powered by its in-house DEX called the Best DEX.
Why download $BEST wallet? 🤔Some of many reasons:🔥 1st access to $BEST #airdrop🛡️ Non-custodial, super secure🚀 Exclusive phase 0 #presales access📱 Growing #Dapp libraryDownload: https://t.co/aVzregq6lN pic.twitter.com/xEanggvZDF
— Best Wallet (@BestWalletHQ) June 25, 2024
Available on Google Play and the App Store, the platform has been featured in some of the biggest and most widely circulated crypto news and review websites like Cointelegraph, Coindesk, Cryptonews, Techopedia, and many others. YouTubers and analysts consider it to be one of the best avenues for those looking to participate in the web3 space and interact with or invest in cryptocurrencies right now.
Key Features That May Attract Potential Users
Leading wallets like Metamask or Trust Wallet claim to be more than just wallets and like Best Wallet, claim to be complete ecosystems. However, they lack many of the features this brand-new wallet brings to the table.
Other than the various exciting elements mentioned already, some of its most popular and beloved features include:
Market Insights
Best Wallet lets users swap their tokens swiftly and effectively, which means that quality market insights within the platform itself could be highly useful. This is an offering that Best Wallet boasts, as it promises to provide the latest market insights, tips on trending tokens, market sentiment, and real-time updates on key projects, making it possible for users to leverage information to make more profits.
Best Card
One of the chief offerings of Best Wallet is the Best Card—an online card supported by Google Pay and Apple Pay. For every payment made using this card, users can enjoy up to 8% cashback and little to no fees when holding the wallet's native token. Naturally, this makes spending crypto easy and exciting for users—something the community has appreciated before too.
Presale Aggregator
The platform also analyzes and partners with new crypto launches, allowing users to gain exclusive early access to partner presales. It acts as an aggregator for such presales and lets Best Wallet users stock up on some tokens even before the presale begins, meaning they get in at the lowest possible prices. Information and the potential of the project can be measured from the details section on the wallet itself, meaning that the entire investing procedure can be carried out in a single place.
Portfolio Management
The wallet allows users to manage all of their tokens in any wallet within the Best Crypto Wallet app itself. This means that one can import or create wallets, including a Bitcoin wallet, and track their profits in real-time with quick views of purchase prices and current values. It also lets users label, order, and search assets to manage their holdings more effectively.
Staking
Staking within the Best Wallet app allows users to enjoy industry-high APYs, thanks to the ecosystem's exclusive staking partner offers. This is an excellent feature for those who like to invest and stake multiple projects, as they will be able to view all of their holdings and growing passive income in a single place.
iGaming Benefits
Best Wallet has also set up partnerships with some of the best iGaming entities in the space, allowing users to play with crypto and enjoy exclusive top-tier deposit bonuses, free plays, and reduced fees. They also enjoy additional perks like free spins, loot box access, and more if they hold the native token of the wallet.
The BEST Token - Perks Of Holding the Native Token
We already saw above in some places how the native token of Best Wallet can help users gain certain exclusive perks. This native token with the ticker BEST forms the foundation of the wallet and is likely to be an asset of good value in the future too.
By holding BEST, users can benefit from reduced transaction fees across the ecosystem, significantly cutting costs on various transactions. This makes everyday use of the Best Wallet more economical.
As mentioned before, token holders also gain exclusive early access to new projects, allowing them to participate in presales at Stage 0. This advantage means that BEST holders can invest in trusted presales and emerging crypto projects before the general public, potentially maximizing their investment returns.
The staking opportunities within the Best Wallet ecosystem are further enhanced for BEST holders, offering higher APY rewards through the Best Wallet staking aggregator. This means more significant returns on staked assets, making BEST an excellent choice for those looking to earn passive income.
Most importantly, BEST token holders enjoy governance rights, allowing them to vote on key decisions and influence the direction and development of the Best Wallet ecosystem. This level of involvement ensures that the community's voice is heard and that holders have a say in shaping the platform's future.
BEST Token Airdrop
Currently, the best way to get hands on some BEST tokens is to participate in its ongoing airdrop program. It has been receiving an incredible amount of traction on social media platforms, which we believe is a good look for both Best Wallet and the BEST token since this indicates heightened trust and engagement for the project.
The BEST token airdrop offers participants a unique opportunity to earn rewards by completing various quests. To join, one may simply visit the Best Wallet airdrop page at bestweb3.com/airdrop and sign up with their Twitter account.
Our #airdrop is now live for you early adopters! 🥳Get ready to earn points and spread the word about the $BEST #crypto wallet of 2024! 🤑Complete daily quests and earn $BEST: https://t.co/81bA2R5kOE pic.twitter.com/v8UoKid2Cr
— Best Wallet (@BestWalletHQ) July 3, 2024
Participants can earn points, which determine their share of BEST tokens at the campaign's conclusion, by engaging in specific social media activities. No specific amount has yet been announced as the total pool for the airdrop, but the community speculates that it may be a very rewarding event for those who participate.
Additional points can be earned by connecting the Discord account and downloading the Best Wallet app. Daily quests, such as retweeting specified tweets or participating in official Discord activities, offer substantial point rewards. Seasonal quests, like simply connecting Best Wallet, can be completed at any time.
The airdrop includes a referral program, where participants can share a unique referral code to invite friends, earning a 10% commission on their points. The more points accumulated, the higher the participant’s rank on the leaderboard, which correlates with a larger share of BEST tokens.
Pros And Cons
While the wallet looks like a well-rounded avenue for investing and storing cryptos, we would like to present some pros and cons that we discovered during our research. This may help you gain more clarity on both the good and not-so-good sides of the wallet.
Pros
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Supports transactions on over 60 chains
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Advanced security features including multi-factor authentication and biometrics
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Integrated DEX for seamless token swaps
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High APY staking opportunities
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Ongoing airdrop campaign for the community
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Exclusive early access to presales
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Up to 8% cashback with Best Card
Cons
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Some features are yet to be launched
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Not currently available as a desktop extension
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Limited NFT integration
Our Verdict
Like any other wallet out there, we did come across some minor details that we believe can be improved by the Best Wallet team. However, given its wide variety of features, security, and progress in such a short span, we believe that Best Wallet can surely be an excellent place to consider parking funds for all types of investors.
The competition when it comes to crypto wallets is undoubtedly huge, but with the same level of progress and consistent developments, we feel compelled to believe that Best Wallet could easily be positioned among the leading crypto wallets in 2024.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
