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How to make money with Coin98 mobile wallet

Crypto KP Crypto wallet news, Uncategorized August 16, 2021August 16, 2021best mobile wallet crypto, crypto wallet app, mobile crypto wallets

In this post we’re going to answer the critical questions you need to know about how to make money with the new and much lauded Coin98 Mobile Wallet.

Coin98 is a new crypto project from South East Asia building up a suite of DeFi products many of which you can access on the Coin 98 mobile wallet app.

Coin 98 mobile wallet – the ultimate DeFI gateway

The wallet is unique for its multi-chain capabilities as we explain below. These capabilities are designed to make it easier, faster and more simple than ever to transact crypto and interact with DeFi protocols. You can earn crypto from the one wallet regardless of what chain the DeFi protocol is built on. For this reason, its a great starter crypto wallet for anyone new to crypto because the in wallet capabilities save you from making mistakes that might otherwise mean your crypto is lost for good.

Like most crypto projects, Coin98 has its own token C98. You can buy C98 directly on Binance, which is the highest volume crypto exchange and the one we recommend. To get 5% off all spot trading fees on Binance in perpetuity (and this can add up!), set up an account using our link.

C98 token is transacted on three blockchains – Ethereum, Binance Smart Chain and Solana. C98 is a governance token and you can also stake C98 and earn rewards and Airdrops by holding the token. C98 token took off when recently listed on Binance but unlike other new tokens has held its value well, which is a promising sign for the project.

How to download Coin98 mobile wallet

The mobile wallet app is available for iOS and Android phones. Here is a link to the project page and from here you can link to the App. We do this because there are so many fake mobile wallet apps out there trying to part you from your money. We link to the source developer so you have the legitimate developer link to the App.

The first thing to know is that when you go into Google Play or Apple’s App store you’ll see two Apps from the same developer – Coin98 Finance. You need to download the Coin98 Wallet. The other App – Coin 98 insights – is an information and research hub only.

Once you’ve downloaded the Wallet you’ll be prompted to set a pin code to get access. You have the option of enabling face ID after your Pin is set.

Coin98 mobile wallet features we love

When you open the wallet you will be taken to the default landing page. From here, you can open the four menu items – Markets, Swap, Browser and Settings. You can also swipe left or right to access some of the other great features we list out below and that we really like about Coin98 mobile wallet:

User interface – the best User Interface we’ve experienced in any crypto mobile wallet app.
Set up – you can chose the currency you want to operate in and from 12 languages
Exchange connect – You can connect to 9 different cryptocurrency exchanges directly from the wallet, including many of the popular ones such as Binance, Kucoin, and FTX.
Native dApps – there is an inbuilt dApp browser in the App which is where you’ll make money with Coin98 wallet. We go into some of the best offers we’ve found using the Native dApps below.
Cross Chain bridge – you can convert tokens between 4 blockchains – Ethereum, BSC, Tron, Solana – directly in the wallet. Anyone that uses DeFi knows how valuable this is.
Cross chain staking, swaps, earning and yield farming – this is the biggest and best feature of Coin98 and what sets it apart from other fully featured mobile wallet apps. We’ll go into this in more detail below to explain what you get when you download and set up the Coin98 mobile wallet.

Connect directly to some of the biggest exchanges in crypto

The cross chain features that set Coin98 wallet apart

22 Blockchains supported

Coin 98 wallet supports 22 Blockchains as we write this post. That’s more than any other mobile wallet app we’ve come across. Here are the long list of Chains supported within the one wallet:

Supported chains
Bitcoin
Ethereum
Binance Smart Chain
Solana
HECO chain
Near
Avalanche C Chain & Avalanche X Chain
Tron
Polygon
Fantom
Polkadot
Kusama
Cosmos
THORChain
Terra
BandChain
Kava
Persistance
Binance Chain
TomoChain
Celo

This is such a great feature when it comes to trying to get the best returns from your crypto assets. You can easily switch between DeFi protocols with the best APY and APR rates. The wallet makes it easy to be an active crypto investor with very little experience.

Tips on using the cross chain functions

Before you start accessing DeFi protocols and transacting your coins you will need to activate your wallet/s. This is where the real convenience and simplicity of Coin98 mobile wallet app shines. You can create a single multi-chain wallet to store assets for all supported blockchains. The great thing is the wallet and all its assets can be accessed with a single passphrase. This saves you tonnes of time each time you want to transaction on different Chains, but it also means you have to keep the multi chain wallet password extremely secure.

The benefits of Coin 98’s multi-chain wallet features compared to Single chain wallets

If you don’t want to use the multichain wallet convenience, you can set up a wallet for each chain you want to use, for example – an Ethereum wallet, a Binance Smart Chain wallet etc. This means taking a note of your passphrase and private key for each wallet. Once you have set up a wallet for each Chain you want to transact on, you can skip seamlessly between Defi Protocols and the wallet will automatically swap to the right Chain for that Protocol.

This may seem like a small thing, but to new DeFi users, it takes away the fear of losing your coins because you’ve selected the wrong Blockchain Network for your transaction. This is priceless.

We love this feature because it helps to bring non tech savvy users to crypto.

How to make money with Coin98 mobile wallet

The best thing about the Coin98 mobile wallet is that it has an inbuilt dApp browser. Now this is an inbuilt browser the likes of which we haven’t seen in other mobile wallets because of its cross chain functionality. You can choose to view and use dApps on different networks with the click of a button, making it super easy to transact in the DeFi world

The dApp Browser is also how you make money staking and farming with with Coin98 wallet all from the one place.

Native dApps across multiple chains is why you want to download and start using Coin 98 mobile wallet

dAPP coverage

Coin 98 wallet has native integrations with many of the larger DeFi protocols – SushiSwap, UniSwap, PancakeSwap, Aave, Compound, Yearn Finance. This means you can stake, farm, lend, borrow, earn – all from the one wallet. There are also native Gaming dApps like CyrptoKitties and GodsUnchained.

We did notice that of the dApps supported by Coin 98 wallet most built on Ethereum and Binance Smart Chain. There’s very few yet that are built on Polygon. We think this is one area that the Coin98 team could expand. Polygon is a popular network because of the low fees and bridging capabilities with Ethereum. It would be great to see integration with some Polygon dApps. If you’re a Polygon user, then at present we’d recommend sticking to your current wallet. we have heard that QuickSwap on Polygon and JulSwap on Tron will soon be integrated following the Coin98 Wallet version X. Good news.

Best money making opportunities with Coin98 wallet

Here are three of the best opportunities for high returns that we found at the time of writing, using the Coin98 mobile wallet dApp integrations:

Staking – earn 77% APY by staking CAKE on PancakeSwap and get paid in C98
Earning – up to 23% APY lending stablecoins like USDT, DAI and USDC on DeFi Yield Protocol.
Lending – 15.15% APR lending USDC and Chainlink on SushSwap.

Another cool feature is the native dApp Zapper, which lets you see your entire net worth staked across multiple different Chain-native DeFi protocols, all in the one screen.

Will the dApp Browser last?

The dApp Browser looks a lot like the in built Browser from the Trust Wallet, which we have reviewed here. You’ll see in our Trust Wallet review there is a 9 June 2021 update reporting that the App Store had required the removal of the dApp Browser in Trust Wallet. Android users were unaffected by this. We covered the issue in detail in this article.

The question is, if the App Store required the removal of integrated dApp browser in Trust Wallet, how long will it be until Apple users face the same with Coin98 Wallet? It will be a real shame if this happens as the cross chain capability plus dApp browser integration make Coin98 mobile wallet stand out amongst it’s peers and we’ve loved what we have seen so far from the Coin98 Finance team.

The verdict

A great new mobile wallet with loads of in-built convenience. The wallet solves the problem of complexity for new crypto users by automatically and seamlessly switching between chains and by offering up the very convenient multi-chain wallet. It also provides new functionality for seasoned crypto investors through the in-wallet bridge. Provided the browser is here to stay we will write a full review of Coin98 mobile wallet app in coming months. We hope it sticks around and cements a place at the top of the crypto wallet field.

How to set up MetaMask crypto wallet to use DeFi protocols

Crypto KP How to do crypto June 13, 2021October 16, 2021best mobile wallet crypto, crypto wallet app, MetaMask crypto wallet

MetaMask crypto wallet is one of the most ubiquitous wallets in the crypto ecosystem. The reason is pretty simple – it’s got multi chain capability and therefore loads of DeFi integrations. Here’s a full review of what MetaMask cyrpto wallet is and what to use it for. One thing about MetaMask Wallet is that all of the big DeFI protocols interact seamlessly with it. And you can too, once you’ve got the hang of things. In this post, we’re going to take you through some key concepts to understand and 5 steps to take so that you can set up your MetaMask wallet to interact with DeFi and get on with your passive income earning!

This post is for non-tech heads starting out in crypto and based on some of the tech hurdles we faced when first trying out the Decentralised Finance space.

We’re going to assume that you have downloaded either the app or browser version of MetaMask, and created your wallet already which is a process of setting up your password and seed recovery phase.

Here’s what to do next:

1. Set up your blockchain networks in the wallet

The MetaMask wallet comes with the Ethereum Mainnet set up or ‘turned on’. But if you’re into DeFi you’re probably going to use some different networks to transact because of the high fees on the Ethereum Mainnet. The two alternative networks that are most popular at the moment are Matic and Binance Smart Chain.

If you want to use these other Blockchains and networks the first thing you need to do is manually add these different mainnets to the MetaMask wallet. To do this, you go to ‘settings’ -> ‘networks’ -> ‘add and edit custom RPC networks”. You can simply Google the settings you need to add the network, by searching something like “Matic Mainnet Settings for Metamask”. Make sure you land on the Matic developers pages to get these instructions.

2. Add your token types

You need to ‘add tokens’ to Metamask for them to show up once you have sent them to your wallet. There’s an ‘add token’ button in the Assets tab that you should use to do this. Tap the button, input into the search bar the ticker for the token or coin you want, and click ‘add’. It may take a while for your tokens to show up after you’ve done this so don’t freak out if they’re not there immediately.

3. Add custom token types

Sometimes when you search the ‘add tokens’ list you won’t find your token. If you hold that token, it won’t show up in your Metamask until you add the token type. But can still add the token to the MetaMask wallet manually, so that your balance in that token shows up in the wallet. You’ll need to go to ‘add tokens’ then select the ‘Custom tokens’ menu.

Then you have to go to Etherscan block explorer (or the block explorer for the network your token is on) in your web browser. In Etherscan, search on the token using its ticker (e.g. SUSHI). Once you find it, you grab the smart contract address for that token and paste it into the web URL field back in Metamask wallet. The other fields in your Metamask wallet should autopopulate if you have grabbed the right smart contract address. If so, just follow the prompts to complete the add token process.

Finding the smart contract address to add a custom token

4. Make sure you toggle to the right network before you connect to any DeFI protocol

Once you’ve got your coins and tokens showing up in MetaMask, you’re probably going to want to do something with them. Like lend or stake them in a DeFI protocol or Decentralised Exchange. When you use MetaMask wallet you ALWAYS need to double check you are on the right network for the crypto asset or protocol or exchange you are trying to transact with. You toggle this at the top of your screen.

For example, if you want to interact with PancakeSwap to stake some crypto, then that DeFI protocol is built on the Binance Smart Chain. So you open the PancakeSwap website, then from that browser screen you open Metamask broswer extension and toggle to Smart Chain. Then you jump back to PancakeSwap and hit ‘connect’.

5. Converting your tokens between Mainnets

One thing about DeFI right now is that the Ethereum Mainnet is expensive to transact on. So if you’re trialling DeFi with smaller amounts it becomes uneconomic to do so. But, there are options with much cheaper transaction fees. To use these options, depending on what tokens you already hold, you might need to convert your tokens to another form so you can use them on another cheaper network. In effect, you’re moving your tokens between networks.

If you want to move your tokens between Mainnets you’ll need to use purpose built ‘bridges’ like the Matic <-> Ethereum ‘Polygon bridge‘.

You can connect your Metamask to these bridges and convert the tokens using the bridges. This will make the tokens ‘move’ from one Mainnet to another in your Metamask wallet. This flexibility means you can transact between multiple Mainnets and their associated DeFI protocols/platforms.

This is one of the cool things about MetaMask once you get the hang of it.

The thing to remember is – always connect to the bridge with your MetaMask wallet showing the right mainnet settings. More often than not you’ll start with the Ethereum network. Then after you’ve converted your tokens, toggle to the other mainnet – Polygon or Smart Chain for example. The tokens you converted should show up under this network after a few minutes.

6. Disconnecting your MetaMask wallet

If you don’t disconnect your Metamask wallet from the different Protocols you use, you’re leaving yourself open to phishing and cyber crime.

But…It’s not always straight forward to find how to disconnect your MetaMask Wallet from a website or protocol when you want to. So here is how you do it.

You simply open your MetaMask browser extension, click on ‘Connected’ at the top left, then click on the three grey dots against the account you have connected. You should then be able to select ‘Disconnect this account’.

DeFi can be a bit scary for the uninitiated because interacting with the new blockchain and smart contract technology takes a bit of practice. Getting through these starter steps will ready you to use the MetaMask wallet with new DeFi services and hopefully make some passive income from your crypto!

Trust crypto wallet cuts dApp browser in a big loss for iOS users

Crypto KP Crypto wallet news June 11, 2021July 22, 2021best mobile wallet crypto, crypto wallet app, trust crypto wallet

On 9 June 2021 Trust crypto wallet announced to its community that it had no option but to remove their very popular dApp browser integration for iOS Trust Wallet users. In this post we’ll go over why, what this means for how you use Trust Wallet, and what to do if you have assets in the dApps that currently feature in the Trust crypto wallet dApp library.

What is Trust crypto wallet?

Trust Wallet is a crypto wallet app owned by the Binance group. It’s popular for offering plenty of functionality across the crypto and DeFi ecosystems that benefit its users. It has also found popularity in it’s integration with Binance Smart Chain, which allows users to access DeFi products and transact their crypto far more cheaply than transacting on the Ethereum Mainnet.

If you’d like a run down on what it is and all of the benefits, check out out Trust crypto wallet review here.

Trust Wallet iOS users will be disappointed to learn that the the next iOS update will come minus the convenience of their dApp browser integration.

Fortunate Android users will be unaffected by this downgrade in the Trust crypto wallet services.

Trust Wallet explains that dApps by nature constitute “code not embedded in the [app] binary,” and that they need to meet several criteria to be allowed in an iOS app. It seems the Trust Wallet development team have been in discussions with Apples App team, but have been unable to meet the criteria required for the App Store.

What does this mean for Trust Wallet iOS users?

In short it means fewer reasons to use the Trust crypto wallet. The dApp browser was a one of the main reasons we started using the Trust Wallet in the beginning as we found ‘on the go’ access into DeFi protocols like PancakeSwapp and Aave, and NFT market dApps just really convenient.

The Trust Wallet announcement says that for the time being you can still access dApps manually by typing the URL into a web browser but you . Last we checked this dApp menu was still available but the library of dApps is gone. Instead you’re presented with a search bar that allows you to type the web URL directly within the Trust Wallet to locate your coins.

In the future, if you have crypto sitting inside any of the DeFI protocols that you once used to access through your Trust Wallet, you’ll need connect to the protocol using WalletConnect, which provides an interface into Trust Wallet.

Is is still worth using Trust Wallet without the dApps function?

So what is the difference in using Trust Wallet now versus another crypto wallet app that has really good dApp integrations, especially integrations into DeFi protocols where you can lend, stake and farm crypto?

Well if you take a look at something like Metamask, which is probably the most integrated crypto wallet app and web browser, Trust Wallet still offers some additional market features within the wallet that you don’t get inside the Metamask wallet, namely

an exchange function
limited staking options
a place to store collectibles like NFTs

The question is though, with all of the Metamask integrations and ease of use, is this enough to keep driving users to use the Trust Wallet? Our sense is that Trust Wallet will need to come out with more features to attract back the iOS users it will drop with these cut backs.

The even bigger question is, will Apple continue to stand in the way of crypto innovations like dApp integrations or will they recruit in some crypto and DeFI experts and find a way to work with the true innovation (and combat the scammy fake wallet apps that keep popping up in the App Store at the same time?