From January 1 to November 15, 2024, the cumulative revenue from the top 10 DeFi protocols grew from $8.99 billion to $12.78 billion, marking an impressive 42.2% increase, according to DefiLlama data. As more users turn to DeFi for activities such as staking and exploring decentralized applications (dApps), the need for versatile and user-friendly wallets has never been greater.
NOW Wallet has consistently proven its competence and its zeal to remain one of the top cryptocurrency wallets. With its versatility, it’s constantly improving and adding new capabilities, making digital asset management, along with DeFi world exploration, more streamlined for users of all backgrounds.
DApp Connectivity
NOW Wallet can be used with decentralized applications (dApps) through WalletConnect, making it versatile not only as a wallet to make transactions. With this integration, NOW Wallet shifts from being a mere crypto wallet to a multi-faceted platform encompassing a vast array of blockchain-based solutions. Users can connect to dApps across industries like DeFi, NFTs, and gaming. For example, users can stake, lend, and borrow on DeFi platforms or buy, sell, and trade NFTs in marketplaces by connecting to these services via WalletConnect through their NOW Wallet app.
The WalletConnect feature provides seamless integration with the requested dApps, enabling switching between the connected application and NOW Wallet to complete transactions without exposing private keys. This integrated approach encourages engagement with the decentralized economy, allowing individuals to use various services and applications without losing possession of their funds and assets.
Non-Custodial Access
NOW Wallet is a non-custodial option, meaning users have access to their private keys, unhindered by third-party interference. Secure from the start, non-custodial wallets protect users from risks inherent in custodial platforms, including hacks, mismanagement or insolvency by custodians, withdrawal restrictions, and government-imposed account freezes.
NOW Wallet users are not required to register or undergo KYC processes for crypto-to-crypto transactions. However, regulations from partner payment providers require KYC for exchanges involving fiat currencies.
Intuitive Interface
Both beginners and advanced users will find NOW Wallet’s user-friendly design very appealing.
Users can easily buy, sell, and store their tokens, plus exchange and stake them with confidence. More experienced users will appreciate the sophisticated account nonce management system, designed to meet the specific requirements of ETH transactions.
Seamless Transactions
NOW Wallet supports over 50 coins and 15,000 tokens. It is compatible with prominent cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as numerous altcoins like Monero (XMR) and Litecoin (LTC) as well as DEX-exclusive tokens like Uniswap (UNI), Injective Protocol (INJ), Raydium (RAY), and Synthetix Protocol (SNX). Additionally, it allows users to add tokens on other EVM-compatible blockchains even when they are not listed on the interface.
For users who do not own any crypto, they can directly buy it from their bank account, credit/debit cards (Visa/Mastercard), or mobile wallets, like Apple Pay and Google Pay. NOW wallet supports over 60 fiat currencies that include USD, EUR, GBP, CAD and others.
NOW Wallet incorporates a built-in swapping service powered by ChangeNOW, enabling users to exchange cryptocurrencies directly within the wallet without relying on external platforms. Additionally, features like cross-chain swapping provide real-time token swaps directly within the wallet via DEX integration.
Users can also enjoy cashback rewards for every exchange via ChangeNOW Pro, which allows them to receive up to 0.2% of their transaction volume back as cashback, enhancing the overall value of their exchanges. Users can track their cashback earnings directly in NOW Wallet, making it easy to see how much they have accumulated over time. This initiative reinforces the commitment of the NOW ecosystem to provide rewarding and user-friendly services.
Support for NFTs
NOW Wallet offers extensive support for the storage and management of non-fungible tokens (NFTs),which provides users with a secure and user-friendly environment to handle their digital collectibles. With this option, users can easily store their NFTs within the app, ensuring that their assets are protected against potential risks associated with external storage solutions. The application also allows users to view their NFT collections in an organized manner, making it easy to track and showcase their assets.
NOW Wallet facilitates smooth and efficient NFT transfers, allowing users to send or receive these specialized tokens directly within the app, without the need for external platforms. With tokens, cryptocurrencies, stablecoins, and NFTs all part of the supported assets, NOW Wallet users can explore the vast expanse of digital assets without worrying about compatibility, helping them manage and diversify their portfolios effectively.
Staking Options
NOW Wallet has integrated innovative built-in staking features, enabling users to earn rewards by participating in network consensus. This functionality allows cryptocurrency holders to generate passive income by holding their assets, while also contributing to a staked crypto’s network security and reliability.
Currently, NOW Wallet supports staking for several popular cryptocurrencies, including Tron (TRX), Solana (SOL), Binance Coin (BNB), NOW Token (NOW), Cardano (ADA), Tezos (XTZ), and Cosmos (ATOM). Its user-friendly interface allows users to track rewards and monitor the performance of their staked cryptos.
For users interested in NOW Token, the staking system offers a 6.25% APR with progressively increasing rewards the longer they stake. This allows users to grow their holdings over time without losing the multiplier when adding more tokens. The NOW Token staking system features an anti-inflation mechanism that halves token rewards after every 1.5 million NOW distributed, helping maintain token demand. To ensure fairness and equitable distribution, staking is capped at 100,000 NOW per stake.
Cross-Platform Compatibility
NOW Wallet’s cross-platform compatibility enables users to access their wallet via iOS, Android, macOS, Windows, and Linux. This versatility ensures that users can securely manage their assets, perform transactions, and monitor market trends from any device they choose. With its cross-platform functionality, NOW Wallet significantly enhances user convenience and accessibility in the dynamic cryptocurrency market.
Responsive Customer Support
NOW Wallet aims to impart high quality user experience to the users especially in terms of customer support and issues of errors. The wallet integrates a reactive customer support service that aims at attending to clients’ concerns and questions. This means that when it comes to functional questions, questions regarding transactions, or other issues, users can speak to a helpful and well-informed support team which will help resolve 99% of technical problems, including technical mistakes with account, amount or wrong network.
Users have consistently praised NOW Wallet’s exceptional customer service across various platforms. For instance, one Trustpilot user highlighted, “The customer service is particularly fantastic… even when I was making user errors, customer service was on point and helped me resolve my situation.”
Source: Trustpilot
Similarly, a Google Play user shared, “The customer service was excellent; they solved my issue fast and responded to my emails very quickly, keeping me updated frequently until the problem was resolved.”
Source: Play.google.com
In addition, the platform is actively tracking user feedback to recognize patterns and address situations that require solving or to implement updates that can improve the interaction.
NOW Wallet for Businesses
NOW Wallet’s Point of Sale (POS) feature, integrated with the NOWPayments API, enables businesses to accept cryptocurrency payments seamlessly. NOWPayments supports over 300 cryptocurrencies, including Bitcoin, Ethereum, and various stablecoins.
This integration allows businesses to generate customized invoices, specifying amounts in fiat currency and selecting their preferred cryptocurrency for payment. Payments are automatically logged in the payment history section, simplifying tracking and financial management. The POS feature also offers advanced functionalities such as automated crypto-to-fiat conversions and detailed transaction reports. Built on a non-custodial architecture, it ensures businesses retain full control of their funds. With global accessibility and QR code sharing, NOW Wallet POS empowers businesses to streamline operations and embrace digital payments with ease.
Conclusion
In the fast-paced DeFi arena, NOW Wallet has earned a reputation for being an easy-to-use platform that lets users explore the blockchain ecosystem with confidence. With its forward-thinking approach, NOW Wallet offers seamless integration with decentralized apps, robust support for NFTs, and a number of other innovative features like staking and multi-chain compatibility – all backed by top-notch customer service. Businesses get a convenient way to accept cryptocurrency payments with NOW Wallet’s POS feature, while individuals can confidently store, exchange, and generate passive income with its secure tools.
