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What is Gem Wallet?

TLDR

Gem Wallet is a user-friendly crypto wallet that offers convenience and top-notch security for beginners like you.

Why Choose Gem Wallet?​

Reasons to Choose Gem Wallet

When it comes to choosing a crypto wallet, you need to consider several factors.

  • 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.

  • 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.

  • 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.

  • 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.

Does Gem Wallet Hold My Funds?​

Gem Wallet is a Decentralized Wallet

No funds are held on the Gem Wallet app. Gem Wallet randomly generates the keys (Secret Recovery Phrase) that allows you to access funds on the blockchain. These keys unlocks your crypto assets. And it is only given to you upon the creation of the wallet. No one from the Gem Wallet team knows the keys to your wallet.

You can loosely compare Gem Wallet to a debit card. To gain access to your funds, you need to provide a PIN. All of your funds at the bank will be accessible if someone knows your PIN.

That is why it is your responsibility to keep your keys secure. Do not share it with anyone.

Is Gem Wallet a Cryptocurrency Exchange?​

Gem Wallet Allows 24/7 Access to DeFi

Gem Wallet is not a Cryptocurrency Exchange, instead, it is a bridge that connects you to DeFi platforms that lets you trade, stake and/or participate with permissionless onchain protocols.

The possibilities are endless with Gem Wallet. Your funds are secure on the blockchain and you will have access to it 24/7. No centralized entity will have control over your wallet and you can freely transact with it at all times.