Table of Contents
A crypto wallet is a physical device, software program or online platform that holds the private keys to a cryptocurrency and safeguards them.
Storing the passkeys you use to sign the transactions, a crypto wallet provides the interface that enables you to access your cryptocurrencies.
Technically, wallets don't hold and store your cryptocurrency (i.e., you don’t give them your crypto coins). They enable you to prove the ownership of your digital assets, do transactions, and hold your coins/ tokens using blockchain technology.
Learn the details of blockchain wallets and how to use them as crypto wallets come in different kinds, including two major types ‘hot’ and ‘cold’. Here, we’ll focus on hot wallets, but you can also learn about the top cold wallets.
A Hot Wallet is one of the most popular kinds of crypto wallets, which stores the users’ private keys in cloud storage to speed up transactions. Hot wallets are highly convenient as they are connected to the Internet, but this feature makes them more prone to get hacked. Find the top hot crypto wallets.
To use a hot wallet, you need to create an account on an exchange platform, download its mobile or desktop wallet, and start transferring cryptocurrencies. The hot wallet we’re about to review is the Infinity Wallet.
Infinity wallet review includes all you need to know about this wallet to decide if it’s a good platform for your transaction needs. Let’s start with the basics.
The team creating the Infinity Wallet started working on it in 2018, and their efforts led to the launch of the Infinity Wallet in 2020.
The idea behind developing this wallet was to improve safety and convenience by creating an easy-to-use and advanced user interface. Infinity Wallet also aims to streamline public access to Decentralised Finance (DeFi), leading to its mass adoption. The short video below introduces the Infinity Wallet. Now that we know the basics let’s check out Infinity Wallet’s key features.
Infinity Wallet prioritises simplicity and ease of access. It also favours security by being a non-custodial platform. Many users love its design and have enjoyable experiences with this crypto wallet. But it’s not enough! We need more details to decide if it can be our wallet of choice. So, keep scrolling to find its pros and cons.
Read more: The Best Crypto Wallet for Under 18
Infinity Wallet comes with many positive and some negative points, as follows.
On the positive side, the Infinity Wallet
On the negative side,
In addition to the pros and cons, a critical factor that helps you decide about this wallet is how it works and what its website offers the users, which we’ll elaborate on below.
Infinity Wallet offers most of its features on a dashboard inside the wallet, which you find on its left-side menu.
The other buttons on the left-side menu are
The following image shows the main page of the Infinity Wallet with the bar menu on the left. Below the image, you’ll see the Inifinity Wallet review containing facts about its privacy to usability.
So far, we have learned about crypto wallets, hot wallets, the basics, key features, positive and negative points of the Infinity Wallet, and how it works. Here, we’ll continue the Infinity Wallet review to check its security and privacy, costs and fees, the coins it supports, and its usability.
The Infinity Wallet encrypts the users’ private keys and data on their devices to maximise security. It only grants access to the wallet and private keys only to the user to maintain data privacy.
Using an Automated Market Maker (AMM), the Infinity Wallet charges a trading fee of 0.40%, 0.35% of which is proportionately distributed among liquidity providers. The remaining 0.05% is distributed among SHARD Holders as protocol fees.
Infinity Wallet is a multi-chain, supporting ten blockchain networks and the main cryptos, in addition to ERC20, BEP20 and Matic tokens.
The Infinity Wallet was developed to streamline public access to cryptocurrencies and allow users to monitor various wallets in a simple and secure platform. It enables users to control, track and exchange digital assets using one wallet.
Infinity Wallet has yet to release its mobile version, so there are no reviews about it on platforms like Google Play or App Store. However, many of its desktop users have left comments about it on various forums, which we’ll take a glance at in the following.
The Infinity Wallet website only offers the desktop version of the wallet, and its mobile version is not released until today, Dec 21, 2022. It’s an easy wallet to set up and use. We’ll explain everything you need to know about downloading and installing Infinity Wallet step by step.
As Infinity Wallet is equipped with Top-Tier encryption plus a custody-free solution, and offline generating the seed phrases is also possible, it can be categorised among safe wallets.
Although the answer to the question, “Is Infinity Wallet good?” is different from person to person, as each of us has diverse needs, Infinity Wallet is favoured by many users online. Its ease of use, design and features have attracted many users.
However, some others have complained about high fees and mentioned that it charges the user 2X as it should, which keeps it from being an ideal wallet for the average user.
Congrats! You have read through the Infinity Wallet review, meaning that you now have a clear picture of everything this crypto wallet offers, and you can use it if it meets your needs.
The main factor differentiating a novice from a professional crypto investor is knowledge. Not only about this wallet but about everything in crypto, you need to stay updated about the news, tools and information. You can find it all at Cryptologist.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.
© 2022 - Created by Cryptologi.st