As explained in a Brave release, the native wallet does not require installing any extensions. According to the company, this has an advantage in terms of security, as the user cannot install a fraudulent “fake” wallet. In addition, it limits the resources used by the browser, unlike a wallet that takes the form of an extension.
The wallet proposed by Brave is a Web wallet3, which means that it does not require any intermediary (non-custodial), the funds being secured strictly by the user. The latter can also connect his wallet to “cold” wallets such as Ledger and Trezor.
Brave Wallet features
Brave wallet integrates data from CoinGecko. A partnership with Wyre also allows users to buy cryptocurrencies with fiat currency. Being an Ethereum wallet, it allows users to interact with decentralized applications (dApps), as well as store non-fungible tokens (NFT).
For now, Brave’s wallet is only available in its desktop browser version, but it will be coming to mobile apps soon, according to the release. Users who want to test it can simply upgrade the Brave browser to its latest version.
Does Brave become a Swiss Army knife?
This latest move shows that Brave is well and truly determined to become a multi-service platform. Initially focusing on its crypto browser, and the Basic Attention Token (BAT) rewards generated, the project has gradually mutated.
Last summer, the browser began offering its own search engine, a way to establish itself as a privacy advocate against the giant Google. The company is also working on a decentralized exchange platform aggregator (DEX), which should be released in 2022.
We also note that although Brave chooses to offer an Ethereum wallet, it is not the only blockchain that has its favor. Earlier this month, we learned that the browser was planning to integrate Solana (SOL) and its applications.
