What is KEYRING Email Wallet?
Last updated
Last updated
Navigating the cryptocurrency landscape necessitates a wallet for asset management. Standard wallets are designed to generate a unique address from a private key for executing transactions, and they also establish a seed phrase for account recovery. This critical information—the private key and seed phrase—must be meticulously safeguarded by the user.
Yet, for those just venturing into the world of cryptocurrency, the responsibility of securing and managing these sensitive details can be daunting. The complexity of handling private keys and seed phrase not only adds a layer of difficulty but also poses a significant barrier, often intimidating newcomers with the risk of financial loss due to potential missteps in these intricate processes.
The KEYRING Email Wallet introduces a novel approach to crypto wallets, making setup incredibly simple. It eliminates the need for intricate keys and recovery phrase; your email is all that’s needed. Enter your email, and instantly, you’ll have a crypto wallet at your disposal—fast and straightforward.
The KEYRING Email Wallet can help users create a crypto wallet quickly and easily. So, what can it be applied to?
Taking the above situation as an example, for those new to the crypto market, simplifying the wallet creation process will make them more open to exploring this market.
Looking further, for companies and corporations that are accustomed to using Web2 but want to learn about Web3 to keep up with market developments, the KEYRING Email Wallet is a perfect choice.
Using a company or personal email, one can create a Web3 wallet extremely quickly and easily, thereby discovering, operating, and becoming familiar with cryptocurrency.
The KEYRING Email Wallet team can help companies or groups create custom activation domains. This allows members within the company or group to activate their wallets through a designated URL.
The KEYRING Email Wallet is a product based on Wallet Connect's email wallet creation feature.
Wallet Connect is one of the most popular open-source protocols that facilitates secure and trustless communication between decentralized applications (dApps) and mobile cryptocurrency wallets in the Web3 ecosystem.
KEYRING Email Wallet leverages the entire infrastructure of Wallet Connect for email-based wallet creation. This provides KEYRING Email Wallet users with two benefits:
They can quickly create a wallet, and the seed phrase or recovery phrase is stored on Wallet Connect's infrastructure.
With the KEYRING Email Wallet, users can easily manage activation domains for companies or groups.
The idea behind the KEYRING Email Wallet is to create a product that allows users to quickly set up a crypto wallet and access the cryptocurrency market, helping them familiarize themselves with crypto wallet operations in the simplest and fastest way possible.
Therefore, users should consider the KEYRING Email Wallet as a quick gateway to the market. Once users have become accustomed to the operations and seek a more secure wallet for market participation, we advise against using the Email Wallet for storing large amounts of assets. This is because its seed phrase is stored on Wallet Connect. Although Wallet Connect is a reputable site, anything online can potentially be hacked.
For storing high-value crypto assets, we recommend using the KEYRING PRO Wallet, which offers enhanced security and safety.
To learn more about how to create a KEYRING Email Wallet and manage the seed phrase, please refer to the "How to use" section.
