What is Gem Wallet?
- Gem Wallet is your secure gateway to managing cryptocurrencies in a decentralized world.
- Gem Wallet is a user-friendly crypto wallet that offers convenience and top-notch security for beginners like you.
- Gem Wallet is a decentralized crypto wallet that lets you securely store, send, and receive cryptocurrencies.
- Gem Wallet supports a wide range of cryptocurrencies across multiple blockchains. Visit our supported assets page for the full list.
Below, we answer your top questions about how Gem Wallet works and why it’s trusted by users globally.
Why Choose Gem Wallet?​
When it comes to choosing a crypto wallet, you need to consider several factors.
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Security: Gem Wallet prioritizes the safety of your funds. It employs advanced encryption protocols and follows best practices to ensure that your digital assets are protected against unauthorized access.
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Simplicity: Gem Wallet is designed with beginners in mind. Its intuitive interface and straightforward navigation make it easy for anyone to start using cryptocurrencies without feeling overwhelmed.
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Multi-Currency Support: Gem Wallet supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB) and many others. You can conveniently manage all your digital assets in one place.
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Wallet that does not track you: Gem Wallet allows you to send and receive cryptocurrencies with just a few taps on your smartphone. No tracking of your transactions or anything you do with your wallet.
Gem Wallet puts you in the driver’s seat of your crypto journey. With a user-friendly interface, robust security, and support for multiple blockchains, it’s the perfect tool to manage your digital assets with confidence.
Custodial vs. Decentralized Wallets: What’s the Difference?​
Q: Does Gem Wallet have access to or control over my funds?
A: No, Gem Wallet is a decentralized (non-custodial) wallet, meaning you have full control over your funds and private keys. Here’s the difference:
- Decentralized Wallet (like Gem Wallet): Your private keys are securely stored on your device, not with us. Gem Wallet never sees your keys, funds, or personal data, keeping you anonymous and in full control. For example, sending crypto with Gem Wallet is like carrying cash in your own wallet—you decide how to use it, but you must keep your recovery phrase safe to avoid losing access.
- Custodial Wallet (like some exchanges): A third party, like an exchange, holds your private keys and controls your funds. This is like storing your money in a bank—they manage it, but they can freeze your account, get hacked, or share your personal info (like ID or transaction history) with others. This makes custodial wallets less private and riskier if the platform fails.
With Gem Wallet, you’re the boss of your crypto! Always back up your recovery phrase securely and never share it with anyone.
How Secure is Gem Wallet?​
Gem Wallet uses industry-leading encryption to protect your private keys, which are stored only on your device. We don’t collect personal data or have access to your funds, ensuring your crypto remains yours alone. Your role in security is crucial: while we provide top-tier tools to keep your wallet safe, you must take steps like using a strong device password, keeping your software updated, and avoiding phishing scams.
Q: What Happens if I Lose My Recovery Phrase? Your recovery phrase is your key to accessing your Gem Wallet. If you lose it, you won’t be able to recover your funds, as we don’t store your keys. If someone else gets your recovery phrase, they could access your funds. Keep it safe by storing it offline in a secure place, like a safe or a password manager, and never share it.
Check out our How to Secure my Gem Wallet guide for step-by-step tips to protect your crypto.