debank review

As a crypto investor, I’m sure you have tokens in many different chains. Also, you could be using many Decentralized Finance (DeFi) protocols. The problem is that block explorers like Etherscan can’t track them all. Luckily, we’ve got DeBank, an easy-to-use portfolio tracker.

DeBank provides its users with a bird’s eye view of their portfolio across 57 chains and 3,300+ DeFi protocols. You’ll never wonder where your coins are again! On top of that, you’ll always know your exact portfolio value, in real time. Since DeBank is so useful, we’re creating a two-part beginner’s guide for you!

If you have not read the first part, here’s the link to it. In today’s second part, we’ll run through what wallets DeBank integrates with. Then, we look at the project’s safety, before diving into its token. Without further ado, let’s jump right in!

Wallets Supported by DeBank

To use DeBank’s Decentralized Application (dApp), you need to connect to it with a wallet. In this case, the dApp doesn’t support too many wallets. However, it does support some popular ones. These comprise of:

DeBank - Connected Wallets
Source: DeBank

For your info, Rabby’s wallet is DeBank’s very own wallet. As of now, it’s available via Chrome extension and desktop. It’s an open-source and non-custodial wallet. Moreover, the wallet has been audited by SlowMist. So, you can rest assured with regard to its security. Rabby Wallet’s design focuses on user experience. Hence, its interface is very user-friendly. However, it does not have a mobile version out yet. You could give Rabby a try if you use a desktop to manage your crypto.

Is DeBank Safe?

As a retail user, DeBank is safe to use. Its dApp helps you to aggregate all your tokens and DeFi protocols from many chains. In a nutshell, it’s as safe as Etherscan or any block explorer. All it does is extract data about your wallet. It does not access your wallet funds or permissions.

In addition, take note of this when connecting to the dApp. You will not need to approve any transactions. If this is needed, please reject the transaction. You could be accessing a fake site. Be extremely wary if the site asks you for your private key too! That’s definitely not DeBank!

For more tips on staying safe with crypto, check out our previous research here.

Does DeBank Have Its Own Coin?

As of now, the project has not made an announcement on its token. This means it does not have a token, or it did not launch. So, any DeBank tokens in the market now are fake! Do not buy or trade these.

However, the team could be looking to launch its token in the future. For now, we do not know what the utility of this coin will be. But, we could interact more with the dApp to increase our chances of an Airdrop. Of course, that is if there will be one. To interact more with the dApp, you can follow the steps below:

  1. Connect your wallet and input your email address.
  2. Use the “Stream” feature. Remember, we discussed this feature in part 1 of this article series. Use this feature and post often. Like and comment on others’ posts too. The idea is to generate some activity here.
  3. Mint some badges with your account. You can access the “Badge” section here.

  1. Create and try out the Rabby wallet. This could be an airdrop criterion since it’s from the DeBank team.

Alright! We’ve come to the end of the two-part series for the beginner’s guide to DeBank. We recommend you use this dApp regularly. It’ll save you lots of time and effort to track your portfolio. The team is always coming up with new features too. This makes the dApp interactive and fun to use, compared to a block explorer.

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