What is Web3 Wallet?
A wallet that connects to dApps and manages your keys.
Details
A Web3 wallet such as MetaMask, Rabby or Trust Wallet manages your keys, connects to dApps and signs transactions, usually as a browser extension or mobile app. It does not custody your assets, so security responsibility is entirely on you: a leaked seed phrase or private key means lost funds. Choose well-known open-source wallets and be careful with approvals and signing requests.
Key Points
- Manage keys, connect to dApps and sign transactions
- You are the custodian; leaked keys mean lost funds
- Use reputable open-source wallets and check approvals
FAQ
What is Web3 Wallet?
A wallet that connects to dApps and manages your keys.
What are the key points about Web3 Wallet?
A Web3 wallet such as MetaMask, Rabby or Trust Wallet manages your keys, connects to dApps and signs transactions, usually as a browser extension or mobile app. It does not custody your assets, so security responsibility is entirely on you: a leaked seed phrase or private key means lost funds. Choose well-known open-source wallets and be careful with approvals and signing requests.
Is this term related to a specific coin?
It applies broadly across the crypto industry.
Related
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