For many years, we’ve been told that Crypto wallets are tools for holding, swapping, and staking different cryptocurrencies on various blockchains.
From industry leaders like #Metamask and Trust Wallet to CEX-build wallets like OKX Wallet and Coinbase Wallet, none of these pay you back for using their services and paying their fees (which can be super-high sometimes)
In this article, we’ll talk about some wallets that pay you for using them, and how you can start storing your crypto there. Enjoy!
What is a Crypto Wallet?
Cryptocurrency wallets store users’ public and private keys. They help you manage your crypto money and make transactions using the blockchain. Some wallets even let you do more, like buying or selling crypto, interacting with dApps, or storing NFTs.
When you send crypto, it's not like sending a text from one phone to another. Your secret key signs the transaction, and it gets sent to the blockchain. The blockchain then updates the money amounts for both the sender and receiver.
The word 'wallet' might be confusing because it's not like a real wallet holding cash. Crypto wallets don't keep the money; instead, they check a public list to show your balances. They also keep your secret key safe so you can make transactions.
They come in different forms, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps like MetaMask and Chrome extensions like Cirus.
Top 3 Crypto Wallets That Pay You
But did you know that there are crypto wallets and Chrome extensions that will pay you for your data and activity? Here are the best three options:
#CIRUS Wallet
Cirus a fully developed Web3 wallet boasting over 10,000 active users, is a project initiated by the Cirus Foundation. Its mission is to provide individuals with complete control over their data and currencies.
By harnessing the technologies developed by the Cirus Foundation, this innovative wallet enables users to earn crypto effortlessly while browsing the web, receiving rewards in $CIRUS which can then be used to unlock apps or swap into your favorite crypto like BTC, ETH, and more!
Currently available as a Chrome extension, the project has ambitious plans to expand into a comprehensive ecosystem, including the development of a mobile app set to be released by the end of Q1 2024 and additional exciting features.
Furthermore, the Cirus Foundation is actively working on enhancing the Chrome Extension with new features.
Shortly, $CIRUS holders can anticipate the capability to seamlessly stake their earned crypto into the Cirus Staking Pool, Donate Rewards to Social Impact, Launch a Node, and more!
Brave
#BRAVE Browser is a privacy-focused web browser that blocks websites from tracking your online activities.
Created by Brendan Eich, the founder of JavaScript and co-founder of the Mozilla Project (known for Firefox), Brave wants to change how we browse the web. It stops websites from tracking users and even rewards them with a cryptocurrency called Basic Attention Token (BAT) for choosing to see private ads.
Brave users can earn $BAT by watching these private ads through the company's ad network, which started in November 2019. The browser has its own Ethereum crypto wallet that supports ETH and standard Ethereum tokens, working like MetaMask for easy storage and sending of tokens.
Additionally, Brave lets users connect their Binance account with a widget on the home screen. This feature makes it simple to trade, buy, and deposit cryptocurrencies.
In a recent update, Brave shared its entry into decentralized finance by adding a decentralized exchange aggregator. Users with BAT on the platform will get discounts as part of this new move.
Swash
Swash is a system that wants to reward users for their data's value. Originally a browser add-on, it's now turning into a bigger system for owning and valuing data.
The Swash add-on works on browsers like Chrome, Firefox, Edge, or Brave. After you install it, it quietly collects data you might not know you're sharing. It bundles this data and sells it to buyers like advertisers or researchers.
Users currently get 70% of the money when their data sells, and the other 30% helps Swash maintain and improve the platform. This is different from the usual way, where users get nothing for their data, and the platform keeps all the money.
The users are paid in $DATA the native cryptocurrency of Streamr, the ecosystem that was created to maintain the browser add-on.
To keep data private, Swash uses strong security measures before adding it to the data bundle where buyers can purchase it.
A big thing about Swash is it uses a 'zero party' data system. Users need to download and agree before their data is collected. This is unlike many other services that collect data without users knowing.
Why Do You Need a Crypto Wallet?
How you keep your cryptocurrency safe matters a lot. Putting it directly on an exchange is okay for small amounts or if you trade a lot.
For bigger amounts, it's better to move most of it to a crypto wallet, either a hot one or a cold one. This way, you own your private keys, and you have full control over your money.
It’s even better when you choose a wallet like Cirus, where you can stake your crypto, and swap it for other coins without any fees, and even get paid for using the wallet while having the same top-notch security for your savings.
Conclusion
To sum everything up, having a crypto wallet is crucial for your security. However, you can choose one that won’t simply keep your crypto safe and take money from you through fees but will pay you.
Cirus, Brave and Swosh are these types of wallets, with low fees and the ability to pay you back for your data or for simply using the wallet.
