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Whitepaper wallet

Wallet

Enabling financial freedom through all-in-one crypto wallet

Introduction

Defiway Wallet is a comprehensive multi-currency wallet that provides an all-in-one solution for sending, storing, and withdrawing cryptocurrency assets. This platform caters to the needs of both individuals and businesses, offering a streamlined approach to managing crypto holdings with the utmost efficiency and security.

With Defiway Wallet, users can manage their diverse portfolio of cryptocurrencies with ease, thanks to its intuitive interface and advanced features. The platform supports multiple cryptocurrencies and tokens, including Bitcoin, Ethereum, and many more, allowing users to store and manage all of their assets in one convenient location.

For businesses, Defiway Wallet provides a hassle-free way to manage mass payments and high-value transactions. The platform is equipped with powerful tools and features that simplify the process of sending and receiving payments, allowing businesses to operate with greater efficiency and productivity.

Defiway Wallet is built on state-of-the-art blockchain technology, offering a highly secure and reliable way to manage crypto assets. The platform supports advanced security features, such as two-factor authentication and multisignature wallets, ensuring that users' assets are always protected.

Existing problems with crypto wallets

  • 1. Limited access to different cryptocurrencies

    Without a wallet that supports multiple cryptocurrencies, users may have to create multiple wallets, which can be time-consuming and difficult to manage.

  • 2. High fees for sending and receiving crypto

    Traditional financial institutions often charge high fees for transferring funds, which can significantly reduce the amount that the recipient receives. Defiway wallet allows for free safe payments between wallet accounts.

  • 3. Security risks with centralized exchanges

    Centralized exchanges are vulnerable to hacking and may not have adequate security measures in place to protect users' funds. Defiway wallet is a non-custodial wallet, meaning that users hold their own private keys and can directly interact with the blockchain without a middleman, increasing the security of their funds.

  • 4. Difficulty in accessing DeFi protocols

    Decentralized finance protocols can be complex to navigate and require a certain level of technical knowledge to use. Defiway wallet enables users to seamlessly swap, farm, and mine with the latest DeFi protocols, making it easier for users to access DeFi and take advantage of its benefits.

  • 5. Inconvenience in managing multiple wallets

    Managing multiple wallets can be challenging, especially for users who hold different cryptocurrencies. Defiway wallet offers a one-stop multi-currency wallet, making it easier for users to manage their crypto assets in one place.

  • 6. Lack of options for group management

    Traditional wallets often lack features for group management, making it difficult for users to manage shared assets or funds. Defiway wallet allows for a joint account to be set up, providing a solution for groups who need to send and receive crypto on-demand or with a spending limit.

How the Defiway Wallet operates

Defiway Wallet solves the concerns above through the following key features:

  • 1. Cross-chain bridge

    The wallet supports multiple blockchains and enables the seamless transfer of assets across them, eliminating the need for users to create separate wallets for each blockchain.

  • 2. Non-custodial

    The wallet allows users to hold, send, and receive crypto assets without relying on a centralized authority, ensuring that users retain control of their assets.

  • 3. A built-in exchange

    The wallet provides users with access to the best crypto exchange rates and the ability to exchange all supported currencies with a single click, simplifying the process of managing a diverse crypto portfolio.

  • 4. Cross-platform

    The wallet can be accessed and managed through any modern web browser or via the official iOS and Android apps, providing users with maximum flexibility in managing their assets.

  • 5. Free safe payments

    The wallet enables users to send and receive crypto payments between Wallet accounts without any fees, reducing transaction costs and making it easier for users to transact with their crypto assets.

  • 6. QR codes or usernames for payment support

    Once registered and set up, users can send and receive crypto using QR codes or usernames, providing a user-friendly and convenient payment method.

  • 7. Bank cards support

    The wallet allows users to buy coins and tokens at the best prices with their debit card, providing a convenient and streamlined way to purchase crypto assets.

  • 8. Joint accounts

    Users can set up a wallet for their group mates to send and receive crypto on-demand or with a spending limit, providing a flexible and secure way to manage shared assets.

  • 9. Industry-leading security

    The wallet offers additional security options like personal code confirmation across all of a user's devices, ensuring the safety and security of their crypto assets.

Top Features

Streamlined and user-friendly
DApp browser / web3 support
High security storage
Multi-currency support
Limits per day/week to minimize the risk of theft
2FA, PIN-Code and Fingerprint support
Cold staking (coming soon)
24/7 Support
Multi-chain
Wallet web extension
Multi-signature confirmation for every transaction
Coins are held in a cold storage
Deposit NFTs (coming soon)

User Instructions

Defiway's Wallet is built on the blockchain and leverages smart contracts to execute transactions in a secure and decentralized manner.

To find out more detailed steps on how to use the Wallet protocol, visit this page

Wallet FAQ

How fast is the fund transfer process and what affects the speed of the recipient receiving the funds?
Defiway Wallet enables instant money transfer. The transfer time of funds depends on the speed of the cryptocurrency network that is being used.
What types of cryptocurrencies can be sent and received using Defiway Wallet?
Defiway Wallet supports every EVM blockchain network , as well as the Bitcoin network.
What are the fees associated with transactions on Defiway Wallet?
To use our services, a fee of 0.2% of the transfer amount is assessed. Additionally, the network used to send the selected cryptocurrency may charge an additional fee.
Does Defiway Wallet comply with security standards and ensure user anonymity?
Defiway Wallet values user security and ensures strict adherence to security standards. Our services operate via a secure SSL (HTTPS) connection, and important information is encrypted using the SHA-256 cryptographic algorithm. We also offer additional two-factor authorization to provide an extra layer of security for your account.
What should I do if I have a question that hasn't been answered in this FAQ section?
Not seeing the answer to your question? Contact us.