KuCoin Releases its Decentralized Multi-Chain KuCoin Wallet
KuCoin, which is an international crypto exchange has now released it's decentralized KuCoin Wallet. With the recent release, the exchange intends to continue investing in Web3 and make it more convenient and accessible for it's thousands of users.
KuCoin Wallet is believed to be launched officially by the end of June but the application is now available in Beta test mode.
KuCoin Wallet could be able to integrate multiple blockchain, or it could also be called a multi-chain wallet. Users will be able to manage digital assets in one place.
It is believed that with the launch of KuCoin Wallet, it will allow users to create decentralized wallet in a few seconds and can securely access Web3. Cryptos like BTC, ETH and more could be send, received or stored on KuCoin Wallet.
KuCoin is giving an aggregated display of tokens for multiple chains. With KuCoin, they claim that it will be easy for users to manager all their stored NFTs.
This could be a positive move in building bridges between the cryptospace and Web3 which could be a positive sign for KuCoin.
What is a good crypto wallet? I think we shouldn't be having any doubt in saying that a good crypto wallet is the one that is providing a strong security. KuCoin Wallet has been audited by Hacken, which is a security firm.
KuCoin wallet is self-custodial, meaning that users will have the custody of their keys and will manage it on their own level.
It is another step towards the adoption of Web3 and as organizations across the internet space continue to keep realizing the power and utilities of Web3, we may see Web3 adoption on a larger scale.
It would be interesting to see how other big players in the same field like Binance, Coinbase etc react to this. Are they also going to jump in the ring?
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