The crypto sphere is filled with a multitude of decentralized crypto wallets that store many crypto coins and tokens. These wallets aim to simplify the ways users interact with crypto while improving the overall functions of crypto wallets.
One crypto wallet is standing out from the rest, and that crypto wallet is the Klever Wallet.
What is Klever Wallet?
The Klever Wallet is a decentralized, multi-chain, self-custody, peer-to-peer crypto wallet that is used to store, send and receive crypto coins and tokens.
It is a digital wallet in the form of a software application that can be downloaded on a mobile phone and used to securely store crypto coins like Bitcoin, Klever coin, Ethereum coin, BNB, Tron, dogecoin, and many other crypto coins.
Built by industry leaders with in-depth knowledge of blockchain and several years of work experience, the Klever Wallet is designed with the user in mind, bringing them simplicity, ease, optimization, and most importantly, top-notch security.
The crypto industry is a fast-growing industry where industry builders are constantly developing, rolling out new features, and improving their products like a crypto wallet for instance.
Amid this fast-paced growth and development, the Klever Wallet is poised to compete in the market, appeal to users, and leave a remarkable imprint on the taste of crypto users.
How Klever Wallet compare to other crypto wallets
As stated earlier, the Klever Wallet is designed with the user in mind. To make crypto holding, sending, receiving, and overall crypto interaction convenient for the user, coupled with high-level wallet security.
All of these are geared towards making the users’ wallet experience with the Klever Wallet fun, easy, enjoyable, and secure.
Below are features that make the Klever Wallet comparable to other industry crypto wallets.
Military-grade Security
The importance of security in crypto transactions cannot be overstated as there are bad actors in the form of scammers and hackers seeking to steal users’ funds from them.
Since decentralization encourages independent custody of finances for the user by the user, the use of a highly secure crypto wallet becomes invaluable.
Built by industry leaders with a high taste for security, the Klever Wallet is designed to provide military-grade encryption for developers and users.
The Klever Wallet does not store users’ information in the cloud or any database, rather, encryption takes place locally in the users’ device.
Although Klever’s OS can communicate with the user’s device, they are both isolated. Thereby making any attack or hack attempt while using Klever Wallet practically impossible.
Perhaps the Klever Wallet can be said to be much more secure than other crypto wallets.
In addition to this, the user enjoys sole ownership and control of their finances on the Klever Wallet.
Support of Mnemonic phrases
Mnemonic phrases are random words usually twelve in number generated at the point of wallet creation.
Following industry standards, the Klever Wallet supports the generation of these phrases which users can refer to restore their wallet at any point in time.
These phrases must be stored securely and away from prying eyes since anyone who gets access to them can use them to create a copy of your crypto wallet and move out your funds.
You must also never lose them because once lost, access to your crypto wallet may be lost forever.
Direct fiat to crypto purchase inside wallet
Like Trust wallet and others, Klever Wallet supports direct crypto purchases inside its native wallet through third-party partners.
Partners who bring direct fiat-to-crypto purchases to thousands of Klever Wallet users are Moonpay, Transak, and Simplex.
The purchase of crypto coins directly inside a crypto wallet becomes a wholesome feature, particularly for crypto newbies who may otherwise not be familiar with the workings of crypto exchanges and want to invest in crypto currencies, nonetheless.
These newbies can conveniently use their cards to purchase their crypto of choice and securely hold these purchased coins in their Klever Wallet.
Users will simply select their coin of choice, enter the amount of purchase, and follow through to checkout where they can pay for the coins through any of the partners.
After payment, the coins are automatically sent to the user’s selected wallet.
In the quest to onboard more people into crypto, the ability to easily buy crypto coins directly inside a wallet can make crypto investment appealing to the average non-crypto user.
Support of Biometric access
Biometrics adds an extra layer of security to a wallet and allows users quick access to their wallet’s features faster than the normal imputation of passwords and pins.
Klever Wallet supports biometric access whereby users can easily access their wallet using their thumbprint to unlock their wallet.
This is a much smoother and faster experience of accessing a wallet and users of the Klever Wallet enjoy this feature.
In addition to this, biometry protects the users’ funds in the case of unwarranted access to a user’s phone. The accessor would have to know the user’s pin to tamper with their funds.
Therefore, even if a user’s phone is lost, the funds in their Klever Wallet are still secured.
Support of Major blockchains
The Klever Wallet supports major blockchains. These major blockchains include the Bitcoin network, Ethereum chain, KleverChain, Binance Smart chain, Tron, Polygon network, Kusama chain, and many others.
This implies that Bitcoin traders, owners, and holders can securely store their Bitcoin on the Klever Wallet.
The Ethereum chain, as the chief of alt-chains with many Ethereum-based crypto coins and tokens under its chain, the users of the Ethereum chain can employ the Klever Wallet to hold their Ether and other Ethereum-based coins.
The same goes for the BNB coin and other Binance network coins, as well as Tron, Polygon, and Kusama coins together with coins of other supported chains.
Support for Apps
Decentralized apps are applications that run on a blockchain network. They bring more utility to the concept of blockchain by introducing interactive programs/apps other than mere crypto coins on a blockchain.
In other words, decentralized apps expand the functionalities of a blockchain by giving more ideas on how blockchain can be used.
The Klever Wallet supports Decentralized apps through the native browser inside its wallet.
Users, through the native browser, can interact with different Dapps compatible with the wallet.
Since DApp integration opens a world of opportunities, crypto users can browse these applications and interact with their services thereof.
Staking
Staking is a means of earning passive income on crypto investments. It requires staking your crypto coins in a protocol for a stipulated period.
Klever Wallet offers staking to its users whereby Klever Wallet users can stake their KLV coins onto the Klever network and earn rewards.
Developers on KleverChain can also apply to have their coin’s staking native to the wallet. Making their coin staking simpler and safer for investors.
The instant swap engine and how it makes the Klever Wallet better than any other wallet
One of the expectations of crypto coins is the possibility of trading them from one crypto coin to another.
This is normally done through a Centralized or Decentralized Crypto Exchange.
Using a Centralized Exchange, the trader must trust the exchange to hold their funds for them while they trade on the exchange. Afterward, they may choose to withdraw their funds to a self-custody wallet.
Using Decentralized Exchanges, the trader must rely on protocols to execute trades on their behalf.
Although Decentralized exchanges have undeniable benefits such as the maintenance of anonymity and the removal of brokerages/ middlemen, these protocols are often vulnerable to attacks, hacks, and exploitation.
In addition, crypto scammers have a reputation for cloning Dex websites. Unsuspecting users who are not careful enough fall victim and have their funds drained from their wallets.
The instant swap engine inside the Klever Wallet solves these problems by providing a tool for users to trade one crypto coin to the other directly inside the Klever Wallet.
This is done without going through a Centralized exchange or dealing with vulnerable protocols on your own.
Klever’s swap engine is very easy to use and straight to the point.
Through this swap engine, users can conveniently swap from one crypto coin to another instantly. All from the comfort of their Klever Wallet and at the best rates in the market.
This swap engine of the Klever Wallet makes it spectacularly unique and gives it a high hand over other crypto wallets.
In addition, crypto newbies who are not familiar with the workings of a crypto exchange in relation to trading can simply rely on Klever’s instant swap tool to trade their crypto coins.
Essentially, the Klever Wallet swap is open to all who may wish to trade crypto coins instantly and directly inside a crypto wallet without going through exchanges.
Another feature that makes the Klever Wallet a top over the other crypto wallets in the industry is the support of a native news feed inside the Klever Wallet.
In-app News Feed
What is crypto without news? In an industry where so much is happening at the same time across different boards, keeping crypto users informed and up to date with the latest developments, especially of products coming from the stables of the company’s developers and guidelines on how to use their products becomes imperative.
The Klever Wallet supports direct in-app news through which users can conveniently acquaint themselves with the latest happenings in the crypto sphere and stay informed on what the Klever company is doing.
Instant live human support
Support makes crypto easier and simpler, especially with human support available that is ready to attend to users 24/7.
Klever understands the importance of human support and has put together a team of experts who are on standby and ready to attend to complaints, relaying them to the appropriate departments and helping users resolve their challenges.
Proof of Klever’s support efficiency is seen in the testimonies of the countless number of users who have been attended to and had their complaints resolved in no time.
Klever Wallet, human support is readily available to attend to complaints and help users resolve their issues.
However, it is important to understand that there are issues outside support capacity. Issues such as loss of wallet seed phrases and theft of funds due to exposure of seed phrases to scammers and others.
Klever does not store the user’s data. Therefore, the responsibility of securely storing your seed phrases and private keys lies with the user. You must keep them safe at all times.
Importantly, when contacting support, make sure you are on the right channel and not communicating with a scammer.
These simple yet vital features make the Klever Wallet a viable option compared to other crypto wallets.
How the Klever ecosystem is evolving
From a simple crypto wallet service provider to a full-blown blockchain ecosystem, Klever has grown at an unprecedented level in the crypto space and is now home to a good number of crypto products and projects.
Products seen in the Klever ecosystem include the Klever Wallet, Klever Exchange, the Klever Safe, an NFT Marketplace, and the Klever Blockchain which houses these products and so many other products under development.
Understanding Klever Wallet
The Klever Wallet has evolved from a simple crypto wallet to a feature-rich wallet with basic and advanced functionalities that meet the needs of developers, advanced and average crypto users.
The newest version of the Klever Wallet the K5 wallet, seeks to optimize the general wallet experience while making it a one-stop shop for users’ crypto needs.
While retaining the basic functions of creating, restoring, and watching wallets, sending, holding, and receiving crypto coins, direct crypto purchases on the wallet, wallet backup, and so on, K5 comes with advanced features such as dApp integration.
Using the dApp integration, users can browse decentralized programs and services through the K5 wallet.
As can be seen, users of the K5 wallet are using this dApp integration to browse the Klever NFT marketplace. Here, they sell and buy Non-fungible tokens in a smarter, faster, and easier way not seen before in any other chain nor NFT marketplace.
Complementing this, the K5 wallet comes with Unstoppable Domain integration that allows users to acquire their web 3 names and domains.
These domain names are web 3 digital identities that can be used to receive crypto coins instead of the usually long wallet public addresses.
Examples of web 3 domain names are vitalik.eth, xyz.bitcoin, books.wallet, and so on.
The latest integration of the Unstoppable Domain supports .klever names. Users of the K5 wallet can take advantage of this integration to acquire their free .klever names over a given period.
The K5 wallet also supports travel bookings directly inside the wallet through Travala – a famous blockchain-based travel booking platform.
Users of the K5 wallet can access over 3 million travel products worldwide on Travala from the convenience of their smartphones through the K5 wallet.
The K5 wallet will continue to evolve and integrate many new features and functionalities to enable users a fully functional, smooth, and enjoyable wallet experience.
The Klever Exchange
The Klever Exchange is a Centralized Crypto Exchange developed with the user in mind to simplify trading for the beginner and equip seasoned traders with the right tools to facilitate trading.
Designed to process up to 3,000,000 transactions a second, which is more than 3 times the capacity of major crypto exchanges, the Klever Exchange could grow to be among the top choices of crypto traders.
Since its inception to the current time, the Klever Exchange has had many features and looks added to it to give the overall best experience that traders want. The latest addition to the Exchange is the “Convert” feature.
This convert feature allows users of the Klever Exchange to instantly convert their crypto coins at the best rates in the market, which is similar to the swap engine inside the Klever Wallet.
The Klever Exchange has evolved from a simple trading means to a powerful crypto trading platform on which one can do so much, and this is only the beginning of what the future holds in store for the Klever Exchange.
The Klever Safe
The Klever Safe is a hardware crypto wallet. Unlike the software Klever Wallet, which is downloaded on a mobile phone, the Klever Safe is a physical hardware wallet that is used to securely store crypto coins offline.
As a hardware wallet, the Klever Safe stores the private keys of a wallet offline in a physical object, i.e the hardware wallet. This method of storage provides an extra layer of security for crypto assets against hacks and phishing and is advised to utilize in securely storing large crypto holdings.
KleverSafe is designed to be easy to use, safe, and faster than others in the market.
The KleverNFT
This is a marketplace where creators can auction their works for buyers to invest in. Investors also use the KleverNFT hub to look through NFTs on the marketplace and buy and sell NFTs.
The KleverChain
Recording a milestone in their journey, the Klever team built a native blockchain complementing the Klever ecosystem. The native chain is the Klever blockchain.
The KleverChain is a one-of-a-kind blockchain network that supports native apps coded directly into the chain in place of smart contracts. They are called Kapps (Klever apps) rather than smart contracts.
KleverChain is designed to proffer solutions to problems bedeviling the crypto space. Some of the problems include entry barriers, security, speed, and fees.
Entry barrier
Klever’s blockchain architecture lowers the entry barrier to on-chain building. By coding smart contracts directly into the native chain, Klever has made on-chain building easier and faster for developers and businesses who may want to integrate crypto features into their products or services.
Security
Without compromising on security, KleverChain is designed to give users and developers top-notch protection against hacks and exploits seen on smart contracts blockchain platforms. By the methodology of smart contracts being native to Klever’s blockchain, attacks and hacks are practically impossible.
Speed
KleverChain is modeled with the speed of transaction in mind. Having understood the need for a fast-transacting blockchain, Klever built its native chain to perform transactions with the speed of lightning. The Klever network is capable of processing up to 3,000 transactions a second and with enormous room to increase and scale as the need arises.
Fees
Network fees on the KleverChain are extremely cheap compared to what is obtainable elsewhere. This makes it easy for developers to deploy Apps on the chain, and users to affordably transact on the chain.
Different projects have started developing on KleverChain, using unique tools and protocols specially developed by Klever’s team of experts aimed at improving the overall web 3 experience.
Download the Klever Wallet today and see the difference, keep your eyes on the Klever ecosystem.
