- Decentralized Finance (DeFi) has come a long way and without crypto wallets it would still be a widely unpopular blockchain narrative.
- The invention of crypto wallets that are capable of DeFi operations such as staking changed the entire crypto ecosystem.
Developers were sure if they built a protocol there would be users to test and use it. The evolution of the wallets themselves is fascinating, but a story for another day.
In this article, we explore Zerion Wallet, one most popular wallets in the crypto space (tokenless 👀) that makes DeFi navigation as easy as pie.
🌐 What is Zerion Wallet?
Zerion wallet is a cryptocurrency wallet that boasts the ability to perform any action on-chain. Co-founded by Evgeny Yurtaev in 2016, the financial software has come a long way through continuous innovations and developments.
Zerion has partnered with some key players in the crypto industry, including ShapeShift and Bankless.
Zerion Wallet Features
The wallet sports a horde of features that continue to keep it at the top of the best go-to wallets for both beginners and advanced blockchain users.
1. Security
Zerion has invested in top-notch security of their wallet using third-party security firms like Blockaid, Cube53, Peckshield, and Secfault. Blockaid is an upcoming blockchain security firm that helps to verify tokens on the Zerion web and mobile browsers. This keeps you secure from hacks and phishing attacks.
The wallet is fully non-custodial and has a great feature that allows you to see all the 100 wallets that are contained in your seed phrase.
Zerion wallet recovery features include backing up your recovery phrase manually or on iCloud and Google Drive. Many crypto wallets have in the recent past begun to adopt this method of storing seed phrases. Even though it is presented as an option, we do not recommend it. Always store your recovery phrase offline.
💡 It may shock you to find out that the majority of crypto-users do not know that a seed phrase is a master key to 100 wallet addresses.
2. User-Friendly
Zerion has a sleek user interface that is welcoming to DeFi users of all kinds. From the wallets, you can seamlessly switch between a long list of blockchains. The wallet also allows you to see exactly what you will receive before you even sign the transaction, reducing the risks of over-charges especially when there is high network congestion.
Bridging and swapping on the Zerion wallet take place in one transaction with the ability to set a separate destination address.
3. Integration with various DeFi protocols
Zerion has integrated over 500 protocols and over 20 major blockchains on their wallet. The protocols include those for bridging such as Across and Hop. The developers are constantly adding new networks, with the most recent being the Zora network.
Using Bebop, you can swap tokens directly within your Zerion wallet.
4. One-stop Shop for Everything On-chain
Zerion developers have created the Everything app on-chain. With your Zerion wallet, you can do anything you want on-chain. From watching and managing your portfolio reading on-chain newsletters, listening to podcasts, and watching videos – all through the huge amount of dApp integrations they have achieved.
Setting Up Zerion Wallet
Step 1: Download the Zerion wallet from Google Play store or from the Apple Appstore or access the web version.
Step 2: Open the application and click on ‘Create a New’. If you happen to have other wallets, you can import them by clicking on ‘Add Existing Wallet’.
Step 3: Wait for Zerion to generate your new wallet. Make sure to read all the instructions and security information they send during the wallet creation process. and
Step 4: Click on ‘Finish’ once it is done and manually back up your wallet recovery phrase to avoid getting hacked.
Step 5: Congratulations you now own a wallet on the Zerion application.
Exploring DeFi with Zerion
Zerion wallet is actively adding new tokens as they drop into the crypto world. Being a non-custodial wallet, you can use Zerion to trade any token as long it is on the supported networks.
Currently, Zerion supports Arbitrum, Astar zkEVM, Aurora, Avalanche, BNB Chain, Blast, celo, Degen Chain, Dogechain Mainnet, Ethereum, Fantom, Gnosis Chain, Linea, Mode, Optimism, Polygon (and Polygon zkEVM), Scroll, Zora, Base, and zkSync Era.
Mande network, which is launching toward the end of May 2024, will also be supported by Zerion Wallet.
Zerion also supports NFTs on these chains as well as offering access to lending, borrowing, and yield farming protocols.
Zerion’s Distinguishing Feature
Zerion wallets outshine 90% of crypto wallets with their unique wallet creation method and their vast integration of dApps.
Perhaps one of the most outstanding features that was only ever featured on My Ether Wallet one of the oldest Ethereum wallets is the wallet grouping feature.
As mentioned earlier, this feature reduces ‘wallet wastage’. Some crypto users have 10 or more recovery phrases since they need new wallets to try out new protocols. What they did not know was that one seed phrase can create 100 new wallet addresses, each with its own unique private key.
Final Thoughts
Zerion’s growing user base, huge connections, and the fact they are tokenless continue to make them one of the most sought-after wallet dApps in the blockchain space. However, as you navigate through the world of DeFi, even if wallets like Zerion integrate third-party apps to ensure security, it is important to learn how to do your own research (DYOR) before using any DeFi protocol.
The ability of Zerion to listen to its users and quickly mete out solutions to address their concerns promises them a bright future in the crypto space.
