RockWallet Review: Your 2024 Non-custodial Wallet

Best Features of the RockWallet

At this point, cryptocurrencies have become the talk of the town, and you will rarely go about the internet without someone mentioning cryptocurrencies in one way or another. However, what most people don’t talk about is the importance of self-custody.

For U.S. users, few reliable options for self-custody exist apart from RockWallet. As mentioned, this wallet has taken BRD’s successful multi-asset and open-source code to build its platform. Founded in 2014, RockWallet has used this open-source code to build a rock-solid wallet that is now trusted by millions.

What’s more, RockWallet is registered as a Money Services Business(MSB) with FinCEN, thus giving users peace of mind when it comes to secure storage of cryptocurrencies.

Supports Multiple Digital Assets

The RockWallet is a must-have wallet for anyone looking to trade and store multiple digital assets in the same wallet. It features support for top cryptocurrencies such as Bitcoin and Ethereum, as well as support for obscure coins in the crypto space.

Here is a brief list of some of the coins you can store in this wallet:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ripple (XRP)
• Ethereum (ETH)
• Bitcoin SV (BSV)
• Shiba Inu (SHIB)
• Tether USD (USDT)
• Chainlink (LINK)
• Basic Attention Token (BAT)
• USD Coin  (USDC)

Keep in mind that RockWallet is always working on adding more coins to its list of supported cryptocurrencies. Therefore, be sure to check their official site for updates to this list, as the one in this article is not entirely exhaustive.

Is RockWallet Safe?

Any crypto and blockchain expert will tell you that security is a top priority when it comes to the storage of your digital assets. The good news is that RockWallet takes security seriously, and that is why they implement state-of-the-art biometric security features found on your mobile device.

Simply put, you can lock your RockWallet while using your fingerprint as your password. The fingerprint authentication process also goes a long way in helping you have easy access to your wallet whenever you need it without having to use complex passwords with every login.

You can also use a recovery phrase with twelve randomized words to further add an additional layer of protection to your account. Therefore, if you ever lose or forget your wallet’s password, you can simply use the recovery phrase to get access to the digital assets stored in your wallet.

As mentioned, the RockWallet is non-custodial, meaning you get to control your private keys. This is by far the best way to keep your coins safe.

Set-Up Process

You can use the RockWallet with both iOS and Android operating systems. What’s more, setting up this wallet is such a cinch. With just a few steps, you can verify your identity and start to load the wallet with the cryptocurrencies in your portfolio.

As a regulated FinTech platform, RockWallet is required to collect KYC data from its customers. Therefore, users of the RockWallet need to submit their valid government-issued identification along with a selfie to open an account as well as access the platform’s exchange and swap features.

Start by creating an account. Get verified with a few easy steps and start buying or swapping cryptocurrencies. It’s that easy.

RockWallet Exchange

RockWallet comes with the convenience of being able to buy cryptocurrencies with your debit or credit card. You can also swap digital assets just as you would on an exchange with the RockWallet app.

You can swap supported coins on this wallet with a variety of stablecoins, such as USDC and USDT, thus giving you the ability to overcome market volatility in times of uncertainty.

Currently, you can send, store and receive BAT, BCH, XRP, SHIB, USDC, and LINK, to mention a few. However, if you want to swap between these coins, the options are somewhat limited as you can only swap BCH, BSV, ETH, SHIB, USDT, and USDC at the time of writing.

RockWallet Dealbreakers

Some of the main drawbacks of using the RockWallet is that it doesn’t support a wide variety of coins, as is the case with most crypto wallets in the crypto space. The wallet does not yet support popular options such as Cardano, Sandbox, Litecoin or Avalanche, to mention a few.

There is also very limited information on how much commission RockWallet charges for facilitating the exchange of digital assets on its platform. This can be a dealbreaker for users looking for complete transparency.

Conclusion: A Rock-Solid Wallet

So there you have it, folks, a complete and in-depth review of the RockWallet. If you are new to crypto, this wallet will offer you one of the most convenient ways to store your coins.

You can always upgrade to more sophisticated options, but one of the best ways to store your digital assets is through self-custody, and RockWallet does a good job.