Question 1

What are the differences between the Crypto.com DeFi Wallet and Crypto.com App?

Accepted Answer

Crypto.com DeFi Wallet is a user-custodied wallet where you are the custodian. This means you get full access and control of your crypto private keys. You have complete legal and beneficial titles to your crypto when they are stored in the Crypto.com DeFi Wallet, unlike a centralized custodian on the Crypto.com App. You do not need a Crypto.com account to store, send and receive crypto in the Crypto.com DeFi Wallet. On the other hand, Crypto.com App is a crypto asset brokerage that acts as a custodian and stores your crypto for you. Through the Crypto.com App, you are able to instruct us to handle your crypto on your behalf, but you do not control the private keys to your crypto. What are the benefits? You can easily manage and exchange your crypto to fiat currencies without worrying about losing your private keys. Also you can enjoy quick access to our wide range of financial products to help trade, grow and spend your crypto. View here to find out more.

Question 2

Why should I use Crypto.com DeFi Wallet?

Accepted Answer

We created the Crypto.com DeFi Wallet because we believe that it’s your basic human right to control your money, data and security. Crypto.com DeFi Wallet is designed to give you full control and secured custody of your crypto. With the Crypto.com DeFi Wallet, you can send crypto to anyone around the world at your preferred confirmation speed and network fee. We’re also working hard to bring you decentralized finance offerings through the Crypto.com DeFi Wallet. Stay tuned and watch this space for updates!

Question 3

How can I switch from my other existing user-custodied wallets like Ledger, Metamask, and MyEtherWallet to Crypto.com DeFi Wallet?

Accepted Answer

You can easily import your existing wallet with a 12/18/24-word recovery phrase to the Crypto.com DeFi Wallet. After the wallet import, you will be able to manage and access your crypto in the Crypto.com DeFi Wallet.

DeFi Wallet

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