If you’re active in the crypto sector, you should be familiar with crypto wallets. So, we all know the hassle it is to change wallets all the time. Each chain and associated ecosystem pretty much has its own wallet. For example, Metamask is good for EVM chains. Keplr and Leap Wallet stand out in the Cosmos ecosystem. What you prefer, though, is a multichain wallet. That’s where Ctrl Wallet comes to the rescue. It supports no less than 2,100+ different chains.

So, that’s why today, we compare Ctrl Wallet with two other multichain wallets. Like Trust Wallet and Gnosis/Safe.

Why Is Ctrl Wallet Leading the Charge?

Ctrl Wallet is leading the wallet charge for various reasons. One of the main reasons is of course the number of chains it supports. Currently, the tally stands at 2,100+ chains. Ctrl Wallet is formerly known as XDEFI Wallet. You may have heard of it. Or even better, you may have used it.

Right now, Ctrl Wallet is in Beta phase. You can sign up to get Beta access here. However, it also looks like the rebranded wallet will go live soon. That’s because an obvious hint is out there. The team announced that the current $XDEFI token will migrate this month to $CTRL. So, it’s likely that the wallet will go live as well. Your XDEFI browser wallet will automatically update to the new Ctrl format.

With the already mentioned 2,100 chains, there are also 10+ million assets and NFTs at your fingertips. This includes new memecoins on all leading chains. For instance, EVM chains, Solana, Cosmos, THORChain, Bitcoin, and more. Since this is a noncustodial wallet, you’re in control of your assets.

Another great feature of this wallet is how to onboard. You can do this with a recovery phrase or with your socials. Furthermore, the wallet offers a gas tank. This means that you can pay gas fees on supported chains with either $USDC or $XDEFI (soon $CTRL). You only need to refill your gas tank. The video below shows the mobile UI.

Trust Wallet

Trust Wallet ($TWT) is also a multichain, noncustodial wallet. It supports over 100 chains and 10+ million assets. This includes, for instance, Bitcoin, Ethereum, and Solana. It launched in 2017. However, in 2018, Binance acquired the wallet. This boosted its position in the crypto wallet sector.

Like most wallets, Trust Wallet is available as a mobile and in a browser version. However, it doesn’t offer an onboarding option with your socials. With Trust Wallet, you need to write down your seed phrase and store it in a safe place. A seed phrase is a set of 12 or 24 words in a unique combination. The owner of the seed phrase has access to the wallet and its assets. So, it’s important to not share the seed phrase with anybody else. The picture below shows some of the supported chains by Trust Wallet.

Trust Wallet vs Ctrl Wallet

Source: Trust Wallet browser-extension

Gnosis/Safe Wallet

Safe Wallet ($SAFE) is best known for its multisig feature. This allows for more security and control. A typical, standard crypto wallet needs only one signature for a transaction. However, a multisig wallet, like Safe, requires at least two or more signatures.

Safe currently offers only 20 chains, including three test nets. All these chains are EVM compatible. Compared to the other two already mentioned wallets, that’s a lot less. However, the other two wallets don’t have a native multisig option. On the other hand, you can, for example, import the Safe Wallet into your Trust Wallet. It’s a popular choice for companies, to safeguard their funds. For example, for DAO funds. Then Trust Wallet would have some multisig capabilities too thanks to its setup in Safe.

Conclusion

When you’re active in the crypto space, you will need a wallet. Ctrl Wallet is one of the best options for you. It supports over 2,100 chains and 10+ million assets. This is more than any other wallet currently available. The wallet is formerly known as XDEFI Wallet and is currently still in Beta. However, migration of the $XDEFI token to $CTRL is happening this month.

$cbBTC

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Ctrl Wallet.

Copyright Altcoin Buzz Pte Ltd.

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