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Bitget Wallet Review in 2024 (Formerly Bitkeep)
As digital assets become mainstream, finding a wallet that balances security, convenience, and versatility is essential for anyone navigating the crypto landscape. Bitget Wallet, formerly known as BitKeep, addresses these needs by providing a decentralized, multi-chain solution for users seeking secure storage and seamless interactions within the world of DeFi.
Bitget Wallet stands out as more than just a storage solution. It allows you to manage, trade, and explore crypto assets with confidence, thanks to features like a built-in decentralized exchange (DEX) for direct swaps, a DApp store for decentralized applications, and a robust NFT marketplace.
The platform is crafted to serve both newcomers and seasoned crypto enthusiasts, giving you access to a broad spectrum of digital tools without the need for multiple wallets or centralized exchanges.
Whether you’re just getting started or looking for a more comprehensive solution, Bitget Wallet adapts to your needs, making decentralized asset management straightforward and secure.
Update for 2024: BitKeep has been rebranded as Bitget; however, all functionality remains unchanged.
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Bitget Wallet Overview
- Completely decentralized multi-asset wallet
- Available in over 168 countries with 10+ million users
- Supports most major cryptocurrencies, including ETH, SOL, AVAX
- Offers DeFi, NFT, crypto swaps and more
Bitget Wallet Pros & Cons
Pros
Decentralized with DeFi, NFT, and swap features
Supports 255,400+ assets, including Ethereum and Solana
Strong DEX for smooth asset swaps
DESM encryption for added security
24/7 security monitoring
Cons
Limited support for certain DApps
No bulk wallet creation feature
Bitget Wallet History
Bitget Wallet began its journey in May 2018, founded by a team of blockchain enthusiasts with a vision to simplify and secure digital asset management. Initially launched as BitKeep Wallet, it quickly gained traction for its user-friendly approach and wide-ranging asset support.
Over time, BitKeep evolved, attracting significant investment, including $15 million from notable backers like Dragonfly Capital, Danhua Capital, Peak Capital, and KuCoin Ventures. Today, Bitget Wallet is valued at approximately $300 million, reflecting its growth and impact in the crypto space.
Driven by a global ambition, Bitget Wallet adopted a remote-first model, eliminating the need for a physical headquarters. This setup has allowed the company to expand its reach and support a worldwide user base.
Its evolution from BitKeep to Bitget Wallet signifies its growth and continuous innovation, as it aims to become a leading player in the crypto wallet industry.
Is Bitget Wallet a Good Choice for New Crypto Users?
Bitget Wallet, rebranded from BitKeep, is a top choice for beginners entering the Web3 space. With the rebranding, Bitget has enhanced its focus on accessibility and ease of use, making it simpler than ever to manage digital assets.
The wallet’s intuitive design allows beginners to store and organize their investments effortlessly—whether it’s Bitcoin or a mix of altcoins across popular DeFi chains.
How to Use Bitget Wallet (Formerly BitKeep)
Bitget Wallet is tailored for ease of use, catering to both novice and seasoned crypto enthusiasts. Follow this concise guide to start using Bitget Wallet effectively:
- Download and Setup: Available for iOS and Android, download Bitget Wallet from the App Store or Google Play. Follow the instructions to either create a new wallet or import an existing one. Remember to securely store the mnemonic phrase provided during setup—it’s crucial for wallet recovery.
- Explore Multi-Chain Asset Support: Bitget Wallet allows you to manage over 255,400 assets across more than 100 blockchains, such as Ethereum, Binance Smart Chain, and Polygon. Add assets by navigating to the wallet section and searching for the tokens you want to include in your portfolio.
- Access DApps and DeFi Tools: Use the integrated DApp browser to explore and interact with decentralized applications, including DeFi platforms and blockchain games, directly within the wallet.
- Trade with Integrated DEX: Swap assets directly using the decentralized exchange (DEX) aggregator, which sources competitive rates from various DEXs without leaving the app.
By following these steps, you can effectively utilize Bitget Wallet’s features to manage and explore digital assets securely and efficiently.
Bitget Wallet (Formerly BitKeep) vs. Other Wallets
When choosing a crypto wallet, it’s essential to understand how Bitget Wallet compares to other popular options in the market. Below is a comparison of Bitget Wallet against three widely used wallets: MetaMask, Trust Wallet, and Coinbase Wallet.
What are Bitget Wallet's Best Features?
To say Bitget Wallet is full of features would be an understatement. The Bitget package includes a comprehensive digital wallet, an easy-to-use DApp store, an NFT marketplace and more. Each component of the Bitget Wallet is surprisingly robust and we particularly like the built-in DEX for low-fee swaps.
Here is a breakdown of what to expect:
Digital Wallet
The digital wallet is by far the most popular feature of Bitget Wallet. It currently serves over 10 million users across 168 countries. The wallet supports over 220,000 assets and is available for iOS and Android devices. This makes Bitget Wallet a solid DeFi wallet that is easy for beginners and experienced users.
DApp Store
The DApp store on Bitget Wallet is a great way to discover and use decentralized applications that run on the blockchain. The store currently has more than 20,000 DApps and supports Ethereum, Binance Smart Chain, Fantom, and Polygon.
NFT Marketplace
The NFT marketplace on Bitget Wallet offers a seamless way to buy, sell, and trade digital assets. The marketplace supports a unique search capability that aggregates NFTs across multiple chains and from multiple NFT marketplaces across the DeFi sector to make it easy to find the NFT you’re looking for.
Bitget Wallet Swap
If you are an avid DeFi trader, Bitget Wallet comes with an integrated swap feature that supports various tokens. Granted, Bitget Wallet may not be as popular as Uniswap, but with Bitget Wallet, you get to swap tokens using InstantGas, and you can even go ahead and swap tokens without paying fees.
Boasting intelligent DEX aggregation across 100+ DEXs with the best-in-class liquidity, users can expect to enjoy the best prices available in the market.
Multi-Chain Support
Bitget Wallet supports numerous chains, including Polygon, Binance Smart Chain, Ethereum, Avalanche, Solana, Near, Bitcoin, TRON, and Fantom, to mention just a few. This makes it one of the most comprehensive digital wallets available today.
Bitget Wallet Funding Methods
Just as simple as it is to fund your MetaMask wallet with Ethereum, it is just as simple to fund your Bitget wallet with any of the hundreds of thousands of supported assets.
All you have to do is download your Bitget wallet. Then, click on the coin details you want to deposit into the wallet and copy that coin’s address.
After a few network confirmations, the coins will show up in your wallet, and you can start using them immediately.
Supported Cryptocurrencies and Chains
As mentioned, Bitget Wallet supports hundreds of thousands of assets across more than 90 chains, including the top 30 most popular chains. It also supports a staggering 255,400+ tokens.
Here’s a look at just a small handful of the blockchains supported by Bitget Wallet:
Bitget Wallet does not currently support Cardano (ADA), which is surprising considering the vast array of supported coins. In addition, Bitcoin functionality is somewhat limited, with no swaps or built-in buy/sell functions.
Is Bitget Wallet Safe?
Yes, Bitget Wallet is safe to use as it is a non-custodial digital wallet which means only you can access your private keys. In addition, the platform uses state-of-the-art security measures, such as a unique DESM algorithm, to safeguard digital assets.
Your Bitget Wallet will remain safe even if your device is lost or otherwise compromised, thanks to the use of a recovery phrase.
Any Downsides to Bitget Wallet?
Bitget Wallet does not currently offer any method of selling coins into fiat currency. This is not exactly unusual for a wallet, but considering the robust package that Bitget offers, it’s somewhat surprising the company didn’t partner with an exchange or payment service to offer crypto-selling services.
The only other issue with Bitget is that it’s currently missing Cardano (ADA).
Frequently Asked Questions
Bitget Wallet employs several security measures to safeguard your assets:
- DESM Encryption: Utilizes a unique Double Encryption Storage Mechanism (DESM) for encrypting and storing mnemonic phrases and private keys, enhancing security.
- Advanced Encryption Standards: Implements SHA-256 and AES-256 encryption algorithms, along with cloud verification, to protect your sensitive information.
- Transaction Verification: Requires passcode entry for all wallet activities, adding an extra layer of protection for transactions and private key access.
Bitget Wallet supports over 100 mainnet blockchains and more than 250,000 tokens, simplifying transactions for users. Its one-click cross-chain functionality spans across 40 different blockchain networks, enabling fast and easy token swaps.
Yes, Bitget Wallet is equipped for DeFi and NFT activities:
- DApp Browser: Provides access to a wide range of decentralized applications, allowing you to engage with various DeFi protocols directly from the wallet.
- NFT Marketplace: Features an integrated NFT marketplace supporting multiple blockchains, enabling you to browse, buy, and manage NFTs seamlessly.
Bitget Wallet does not charge any additional fees for transactions or swaps. Users only need to pay the standard network gas fees, which are required by the respective blockchains for processing transactions.
For swaps, Bitget Wallet aggregates liquidity from multiple decentralized exchanges, aiming to secure the best rates for users.
Bitget Wallet’s interface is designed to be user-friendly, catering to both beginners and experienced users. Its layout is intuitive and straightforward, making it easy to navigate various features, including asset management, swaps, and the DApp browser.
Yes, Bitget Wallet provides several options for earning with cryptocurrencies. Users can stake certain cryptocurrencies directly within the wallet, which allows them to earn rewards while supporting network security.
Additionally, Bitget Wallet includes an Earning Center, where users can explore various earning opportunities, such as staking and other yield-generating activities.
