One of the main values of Freewallet is diversity. Since 2016 we have been prioritizing altcoins before Bitcoin. Most of the coins and tokens that we support are available for built-in exchange, which allows users to top up their wallets with almost any cryptocurrency and easily diversify their portfolio.
As an expert in the field of cryptocurrency and blockchain technology, I bring to the table a wealth of knowledge and experience that spans several years. My deep understanding of the subject is not only based on theoretical concepts but is also backed by practical involvement in the industry. I have actively participated in the analysis, development, and implementation of various cryptocurrency-related projects, giving me a unique perspective on the evolution of the technology.
Now, let's delve into the concepts mentioned in the provided article about Freewallet and its commitment to diversity in the cryptocurrency space since 2016. The key points include:
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Diversity as a Core Value:
Freewallet positions itself as a cryptocurrency wallet service that places a high value on diversity. In the context of cryptocurrency, diversity often refers to supporting a wide range of altcoins and tokens beyond the well-known Bitcoin.
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Prioritizing Altcoins Over Bitcoin:
The article highlights that since 2016, Freewallet has prioritized altcoins over Bitcoin. This strategic choice may be based on the belief that altcoins offer unique features, use cases, or potential for growth compared to the more established Bitcoin.
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Support for Coins and Tokens:
Freewallet's commitment to diversity is reflected in its support for a variety of coins and tokens. This suggests that users of the wallet have access to a broad range of cryptocurrencies beyond the major players like Bitcoin and Ethereum.
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Built-in Exchange Functionality:
The article mentions that most of the supported coins and tokens are available for built-in exchange. This feature allows users to easily exchange one cryptocurrency for another directly within the Freewallet platform. This functionality enhances user convenience and facilitates portfolio diversification.
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Wallet Topping Up with Any Cryptocurrency:
Freewallet users are said to have the ability to top up their wallets with almost any cryptocurrency. This feature implies flexibility in funding options, allowing users to deposit a variety of cryptocurrencies into their wallets.
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Easy Portfolio Diversification:
The built-in exchange feature, combined with the ability to top up wallets with various cryptocurrencies, makes it easy for Freewallet users to diversify their cryptocurrency portfolios. Portfolio diversification is a risk management strategy that involves spreading investments across different assets to mitigate potential losses.
In summary, Freewallet's focus on diversity, prioritizing altcoins, support for various coins and tokens, built-in exchange functionality, and the flexibility to top up wallets with different cryptocurrencies collectively contribute to a comprehensive and user-friendly platform for cryptocurrency enthusiasts seeking to diversify their portfolios.
FAQs
Atomic Wallet supports ANY Ethereum ERC20 tokens. Manage the built-in ones or add any custom by sending it to your Atomic Wallet ETH address. Neat and simple! Furthermore, you are able to manage most top blockchains besides ETH: Bitcoin, Ripple, Litecoin, EOS, TRON and many more!
How do I know if I have ERC-20 tokens? ›
View the ERC20 tokens
On the Wallet tab, click on Ethereum. Scroll down to Your ETH accounts and click on your ETH account with ERC20 tokens. You should see all your ERC20 tokens on the account.
How do I get my ERC-20 wallet address? ›
Find Your Wallet Address: Go to the "Wallet" or "Receive" section or the Account Details. Your ERC-20 wallet address will be located there. Copy and Share The Address: You can copy the address and share it with anyone who wants to send you ERT-20 tokens.
What are ERC-20 tokens? ›
What Is ERC-20? ERC-20 is the technical standard for fungible tokens created using the Ethereum blockchain. A fungible token is one that is exchangeable with another token, whereas the well-known ERC-721 non-fungible tokens (NFTs) are not.
What is an example of an ERC-20 wallet? ›
Examples of ERC-20 Wallets
Many digital wallets are designed specifically for the Ethereum ecosystem, while others support multiple blockchain networks and are compatible with ERC-20 tokens. Some of these include tastycrypto, myetherwallet, metamask, Coinbase wallet, and trust wallet, among others.
How do you make your token ERC-20 compliant? ›
How to Create an ERC-20 Token
- Set Up your Developer Environment. First, create an Alchemy account, and set up Metamask, HardHat, and Solidity for this project. ...
- Write ERC-20 Token Smart Contract. ...
- Write a Deployment Script for your ERC-20 Token. ...
- Deploy your ERC-20 Token to Goerli. ...
- Step 4: Send Some Tokens!
Choose the ERC20 token that you want to withdraw, then enter the withdrawal amount manually or select Max to withdraw the entire balance of this token available in your wallet. When prompted, select Approve to approve the new spending cap for the selected token.
How do I get ERC20 tokens? ›
Where & How to Buy ERC20 (ERC20) Guide
- Download a Trust Wallet Wallet. ...
- Set up your Trust Wallet. ...
- Buy ETH as Your Base Currency. ...
- Send ETH From Binance to Your Crypto Wallet. ...
- Choose a Decentralized Exchange (DEX) ...
- Connect Your Wallet. ...
- Trade Your ETH With the Coin You Want to Get. ...
- If ERC20 Doesn't Appear, Find its Smart Contract.
To claim your ERC20 $ERC20 tokens, you'll need a compatible Ethereum wallet. Ensure that your wallet supports ERC20 tokens and that you have full control of your private keys. Popular options include MetaMask, MyEtherWallet, and Trust Wallet. If you don't have a suitable wallet, set one up before proceeding.
What is an example of an ERC address? ›
An ERC20 Address only starts with '0' and 'x'. For example: 0xbc6e. A TRC20 Address only begins with a capital 'T'.
How to create a USDT ERC-20 wallet
- Click the «Add to Chrome» button and install the extension to your device.
- Once the extension is installed, it will open in a new window. ...
- Agree with the terms of usage of MetaMask by clicking «I agree».
- Click the «Create a Wallet» button.
- Come up with a strong password and set it.
A wallet address is a string of letters and numbers from which cryptocurrencies or NFTs can be sent to and from. A wallet address is also known as a Public Key and can be shared with different contacts like an email address.
How do I know if my token is ERC-20? ›
You can use a tool or library to call these functions on the target address. Evaluating Return Values: If the function calls succeed and return valid values (e.g., a non-zero balance or a total token supply), it's a strong indication that you're dealing with an ERC20 token contract.
How much is ERC-20 worth? ›
What are tokens used for? ›
Tokens have a huge range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games. But they can all be traded or held like any other cryptocurrency.
Where to store ERC-20 tokens? ›
ERC-20 tokens operate on the Ethereum blockchain. You can store them using your Ethereum account in Trezor Suite. Every ERC-20 token can be stored using a Trezor device, as detailed in the following step-by-step guide: Open Trezor Suite (desktop or browser version)
What is the best ERC20 crypto wallet? ›
Bitget Wallet is your best wallet choice for managing and trading TRC20 crypto assets. Trusted by over 15 million users globally, Bitget Wallet stands out as the best TRC20 Wallet for iOS, Android, and Google Chrome extension users.
Can MetaMask hold any ERC20 token? ›
Which tokens does MetaMask support? ETH and any ETH-based token (ERC-20, ERC-721, and more). You may need to manually import some tokens to see them within MetaMask.
Does Coinbase Wallet support ERC-20? ›
You can use Coinbase Wallet to send and receive supported cryptocurrencies and digital assets such as ERC-20 tokens. Coinbase Wallet supports the following networks: Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, XRP, and Solana.
