The Bitcoin.com Team is excited to announce the integration of ERC-20 tokens into the Bitcoin.com Wallet. That means anyone can now buy, sell, receive, store, trade, and send ERC-20 tokens with the convenience and security of the industry’s most user-friendly non-custodial wallet.
ERC-20 is the standard protocol for creating tokens on the Ethereum blockchain. There are over 450,000 sets of ERC-20 tokens as of 2021 and they collectively represent hundreds of billions of dollars in value. All ERC-20 tokens “live” on Ethereum, meaning they benefit from the security of the second-largest blockchain by marketcap and are composable with smart contracts.
Curated ERC-20 Support
Any and all Ethereum-compatible tokens sent to your Bitcoin.com Wallet’s Ethereum addresses are safe and secure. However, since there are hundreds of thousands of ERC-20 tokens out there, it’s not practical to display them all in the Wallet. That’s why we’re starting off by ‘tracking’ a selection of the most widely used ERC-20 tokens. For instance, when you open the wallet, you’ll now have quick access to the US dollar crypto ‘stablecoins‘ USDT and USDC. Additionally, the wallet will track five other major ERC-20 tokens at the outset. These are Uniswap, Wrapped BTC, Compound, Yearn Finance, and Sushiswap.
Lock in Profits with The Most Popular USD-Pegged Stablecoins
With USDT and USDC now supported, you can swap out of more volatile cryptoassets like Bitcoin and Ethereum to, for instance, lock in profits if you think the market is overheated. Then trade back into the coins you think are due for a run.
Buy and Sell Stablecoins With Cash
If you’re in a supported region, you can buy USDT and USDC in the Bitcoin.com Wallet using local currency (by credit card etc.). If you’re resident in the US, UK, or EU, you can sell USDT or USDC and receive local currency straight to your bank account.
Send, Receive, and Swap
The Bitcoin.com Wallet supports all other functions of ERC-20 tokens for all users. That means you can send and receive them, swap them for any of the other cryptoassets in the Wallet, and of course store them securely.
Your Cryptoassets, in Your Control
Bitcoin.com is committed to supporting economic freedom, which is why our wallet is fully non-custodial. That means you’re in complete control of your crypto. No need to ask permission from a centralized exchange to instantly send your assets wherever you want, whenever you want. You’ll never be ‘deplatformed,’ and you have no exposure to the risk of a third party getting hacked or going bankrupt. Of course, with great power comes great responsibility, so don’t forget to back up the ‘keys’ to your wallet and adhere to password management best practices.
The Bitcoin.com Wallet is Now on Web/Desktop Too
If you’re already using the Bitcoin.com Wallet on mobile, you can leverage your existing account to see and interact with your assets in a desktop-class dashboard. Track your portfolio and get real-time market data; receive, swap, buy & sell crypto – all from the spacious real estate of your desktop, tablet, or any browser-enabled device.
Image Credits: Shutterstock, Pixabay, Wiki Commons