You can use one of more than 82 different cryptocurrency wallets for your upcoming DApp or smart contract. However, not all of these wallets can be used; some don’t offer software development kits or can’t be integrated with your smart contract (SDKs). A good smart contract wallet supports chain agnosticism, multi-session functionality, and blockchain interoperability.
It is difficult to find a wallet with the aforementioned characteristics among the 82 available options. Therefore, I’ve put together a list of the top wallets you can use to integrate with your DApp and smart contracts, as well as a review of everything to consider when picking the best wallet for your use case.
Why are blockchain wallets required, what are smart contracts, and what are they used for?
An agreement between two parties known as a “smart contract” specifies which actions will be carried out automatically in the blockchain network once a certain condition has been met. This agreement will be converted into a program using Solidity, typically.
When a certain condition is met, smart contracts may occasionally need to give or receive cryptocurrency from another party. This is where your DApp needs to integrate with crypto wallets.
A cryptocurrency wallet is a piece of software that stores your tokens and cryptocurrencies. This wallet not only supports multiple cryptocurrency types but also facilitates cryptocurrency transactions. Start your journey for a crypto wallet, but before it, you must assist of Crypto wallet development company to get the right start.
We’ll go over five wallets in the sections that follow that your smart contracts and DApps can use to conduct cryptocurrency transactions.
The best smart contract wallet is unquestionably Argent because it supports low gas costs and provides a free ENS in place of a long wallet.
ENS addresses are preferable to the generic long address because they are simple to remember and present well to non-geeks.
Argent supports multi-signature technology, increasing the security of the wallet. Additionally, you do not require a seed phrase to locate your wallet.
Argent only facilitates smart contracts, but you can use WalletConnect to link it to a decentralized application. Their GitHub repository and developer documentation are available here.
With only four lines of code, Portis is simple to integrate with your decentralized applications and smart contracts.
Make sure not to hardcode the wallet DApp ID or any other wallet-related secrets when using these wallet libraries.
Without using the private key, Portis authenticates users using their password and email address. It is not only focused on cryptocurrencies but also supports debit and credit cards, which is its biggest selling point. It can send and receive multiple cryptocurrencies.
The following blockchains are supported by Portis and blockchain interoperability:
Ethereum \sBitcoin \sEOS \sSKALE \sMatic \sUbiq \sThundercore
To connect with other Coinbase wallets, use Coinbase Wallet (previously WalletLink). Use this wallet only if your DApp only conducts transactions with other Coinbase accounts and you already have a Coinbase account.
One more advantage of Coinbase Wallet is its Chrome extension, which lets you view real-time cryptocurrency charts and manage NFTs.
Even though the MetaMask extension has several bugs and problems, it is still widely used. Because Metamask is widely used and there are many troubleshooting articles available, using it for DApp transactions is practical.
You can ask for the user’s account information and ask them to sign a transaction from your DApp using the Ethereum Provider API provided by Metamask.
Instead of being a wallet by definition, WalletConnect is a protocol that links a wallet with a smart contract or DApp. It supports various chains, provides blockchain interoperability, and includes session management. Additionally, it includes a blockchain SDK that enables developers to easily integrate their programmes with WalletConnect. QR codes and a push server make up this SDK.
The best cryptocurrency wallet to use for your DApp or smart contract
Information and Assistance:
The main factor driving developers to switch wallets is poor documentation and support.
Check the documentation page on the wallet’s website before selecting it to make sure that every feature you intend to use is explained in detail. Since the majority of these wallets have been in use for less than five years, there aren’t many tutorials created by different contributors. As a result, the only source from which you can learn how to use the wallet’s SDK is its documentation.
Don’t forget to join the wallet’s community on Slack or Discord servers, for example. Verify whether the team responds to queries or makes an effort to resolve issues brought up by wallet users.
When using a new Web3 library, errors and bugs are unavoidable; therefore, the objective is to select a wallet that has a wealth of documentation and numerous online problem solutions.
The Maintainability of SDKs:
High-quality documentation will make it simple to maintain a wallet SDK. The SDK should also employ straightforward methods for developers to use in troubleshooting. Checking that the wallet SDK is regularly updated will help to increase security and usability.
The following should be present in a wallet that is simple to maintain:
- Simple to understand code
- the capacity to be quickly and painlessly repaired
- Code that is clear and meets high standards
- Scalability of wallets
You should inquire about a wallet’s ability to scale by doing the following: How many cryptocurrencies can be stored in the wallet? What is the cost of the transaction fees? Does it support technology that is chain-neutral or multi-chain?
The wallet is easily scaleable if it has low gas costs and offers satisfactory responses to the questions above. The wallet won’t restrict you to a small number of blockchain networks, so scaling your DApp and smart contract will also be possible.
Security and Authentication Considerations:
Two-factor authentication should be simple to use and provided by secure wallets. Wallets like Ethereum can be used to verify your identity with other websites.
It is crucial to examine the wallet’s security integrity. Compliance with the Cryptocurrency Security Standard is a requirement for a secure wallet. These security requirements are evidence that the wallet is safe and reliable.
Additionally, keep an eye out for any security flaws that might later have an impact on your smart contracts. The wallet must also be well-known and supported by numerous blockchain projects that serve as evidence of its reliability.
Check the wallet’s performance and growth after selecting it for your smart contract. It’s crucial to prevent your DApp from abruptly losing functionality because some wallets will unexpectedly close.
In addition to introducing you to a few reliable options, this article should have provided you with some advice on how to select the blockchain wallet that will work best for your DApp or smart contract.