Math Wallet is a multi-platform (mobile/desktop/extension/hardware) universal crypto wallet that enables storage of all BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, Cosmos tokens. Math Wallet offers cross-chain token trading and a multichain DApp shop. In-app wallet creation is possible. This makes it easy to store, transfer, and receive tokens. Track earnings and monitor your portfolio from anywhere. You can also earn rewards without leaving your wallet. The wallet can store 50+ blockchains and 3000+ tokens.
What is Math Wallet?
It’s safe to say that cryptocurrency has seen a rise in popularity over the past year. The market is rapidly growing and people around the globe are trading and holding crypto more than ever before. They believe more in crypto.
This means that the crypto market must now offer safe storage for currencies. That is why wallets are so important. Traders and holders of cryptocurrency tend to prefer wallets that are more secure and safer. We will be looking at Math Wallet, which is a large part of the larger crypto platform called Math.
Eric Yu is the founder and CTO at Math. Yu was also the CTO at Zhongtopia (the largest platform for mutual aid in China, with more than ten million users).
Math Wallet can be used on mobile/desktop/extension/hardware so it is considered a secure multi-platform wallet. It allows storage of over 3000 tokens, including BTC, ETH and Polkadot.
This multi-chain wallet allows users to store and transfer various crypto assets.
Math Wallet supported cryptocurrencies
MathWallet shines here. It allows token storage on over 100 public blockchains such as BTC, ETH and Kusana. Investors include Fenbushi Capital and Binance Labs as well as Multicoin Capital.
Set up a Math Wallet
Anyone can create a Math Wallet. The app opens with a small menu asking you to select the blockchain for which you would like a wallet. After you have chosen a blockchain, you will be able to choose whether you want to import or create a wallet. You can also check out a demo wallet. Select the one you require and then move on to the next page.
You can add additional wallets for different Blockchains to the app by simply going to the tab at the top. You will find all the blockchains that you can choose from again to create a new or reuse your existing wallet.
The app will prompt you to create a backup before you can create a new wallet. This backup is extremely important and should be kept safe. This backup is essential in order to access your funds in the event of a loss.
Math Wallet has many benefits
App allows you to instantly stake crypto
Math Wallet also allows you to stake crypto right from the app. The wallet locks cryptos staked for 21 days and holds them for 28 days until they are withdrawn. This can provide additional network security.
There are many ways to store crypto
Math Wallet is a multiplatform wallet that allows users to store crypto in a variety of ways. Users have the option to make this wallet a hot wallet that stays connected to the internet. This is a simple and free way to get started. You may want more security as you build up your coins. Math Wallet also provides hardware support via Ledger. This allows you to have a hardware wallet for your coins between trades.
MathWallet is all about decentralization. First, it is hard to find a wallet that has more dApps than the one in MathWallet. These dApps can be accessed easily through the tabs at the bottom of the mobile application. MathWallet supports over 100 blockchains, and is multi-chain. It is also built to work directly on Web3, which means it eliminates the need for an exchange platform. Users can purchase and sell coins right from their wallet.
Math Wallet Features
Math dApp Browser
Math Wallet offers a browser for Decentralized Applications (dApps) as an option. It allows cross-chain token exchange as well as a multi-chain dApp shop. These dApps allow you to connect your wallet and trade tokens, buy, sell, and transfer NFTs.
Maths’ dApp browser extension contains some of the most popular dApps such as OpenSea and Uniswap.
Math Vault is used to stake Math, which is one of the most popular crypto wallet platforms.
Math Vault is an online staking platform that allows you to stake many coins at a very competitive Annual Percentage Rat (APR), of up to 30%. If you stake different coins, you will get a Math token. You will receive more Math tokens the more you stake BTC/ETH/EOS/USDT-ERC20 in the pool.
Math Vault pool partners include Fenbushi Capital and Amber AI as well as FundamentalLabs.
The Math token is their central coin. The token has the same name and wallet as their wallet. It is also the primary token for many other products within their building. Their products include NFT marketplace, DEX, and, most importantly, a layer 2 solution that builds on Substrate.
The Math coin is the central token of the ecosystem. It can be used in many ways with many protocols and systems.
Although the token was partially sold to fund the project, you can still get it by simply taking the token to the Math Vault App. The token is slowly released to stakers in dApp. It has a halving period once every 2 years. This means that the Vault will not be empty until at least 2040.
Math Wallet Fees
It is completely free. The blockchain fees are only charged when you send transactions or use dApps. Math Wallet charges no fees. Math promotes a few of its apps on the Dapp browser page like Math Vault or Math Gas. This is fair within their ecosystem.
Although it is wonderful that they offer their wallet free of charge, fees can be quite high these days due to the high Ethereum blockchain fees. The wallet also offers other EVM blockchains to help you if Ethereum is too costly.
Math Wallet supports blockchains
Math Wallet supports multiple chains as one of its main features. It supports more than 70 chains. Here’s a list to name a few:
- Binance Smart Chain
- Huobi ECO Chain
- Optimistic Ethereum
Math Wallet boasts of many security features including private keys, mnemonic phrases, 2-factor-authentication, and security locks. It is as secure and reliable as any other blockchain-based wallet. However, users need to be vigilant about protecting their private keys. Beware of scammers. Math Wallet customer support staff and customers will never ask for your personal security information (keys or phrases). These can be kept private, so you don’t have to enter them on third-party websites, but only on the official MathWallet website. Double-checking all communication with MathWallet’s support email is a good way to increase your personal security.
MetaMask vs. Math Wallet
MetaMask is widely regarded in crypto as the most secure and large-scale software wallet. Math Wallet is the strongest of its competitors, so I decided to make a comparison.
MetaMask has 3 million users to Math’s 1 million, based on just the number of users. MetaMask is more popular than Math, so the logical question is:
In 2017, the bull run saw Metamask become the most popular cryptocurrency wallet. MetaMask launched in 2014, making it more popular than Math (launched 2019). MetaMask didn’t have an app for mobile, which was a problem that remained for quite some time. However, this has been resolved in recent months.
The features of the two wallets are very similar. Both wallets are available as browser extensions, iOS and Android, and are both free to use. MetaMask’s main advantage is the ability to switch networks in one click (e.g. From ETH to Ropsten network
MetaMask has many disadvantages. There are always more attacks on people’s MetaMask wallets. Because of its popularity, it became a target. The Math Wallet is a safer wallet in this sense.
Pros and Cons
|Design that is easy to use||It can be confusing to have 2 wallets with the exact same name.|
|Optimized to be used with web3||Customer service is slow and doesn’t answer all questions|
|Support for a wide range of EVM blockchains|
MathWallet is a multi-platform, high-tier Web3 wallet. It’s for people who own or wish to acquire a large number of decentralized assets. This wallet may be worth looking into if you are looking for a wallet that supports multiple platforms and has access to dApps, hardware support and staking options.