What is Imtoken Wallet?
The Imtoken wallet is a multi-chain cryptocurrency wallet that offers users a number of attractive features. In this article, we will learn about the features of this wallet and how to work with it.
It supports 8 blockchain platforms and 200,000 tokens and coins. This mobile wallet has high security with FaceID and fingerprint verification. It also has an internal exchange and staking service.
Features
Besides the usual wallet functionality of storing Coins and Token, Imtoken also has some extra features that make it a great wallet for Cryptocurrency users. For example, you can use the wallet to share your cryptocurrency via Blueethoo with others. It also has a built-in market exchange. You can also find news and games on the wallet. The wallet is easy to use, even for first-time users.
Another feature that makes imToken wallet a good choice is its security features. It is a multi-character password-based wallet with offline transaction signing and third-party security audits. It also allows you to recover your wallet using a recovery seed. This way, your assets and identity are secure from theft.
In addition to the ETH wallet, imToken Wallet also supports other popular cryptocurrencies like Bitcoin, EOS, and ATOM. Its in-app decentralized exchange supports trading pairs from major exchanges. Its market screen shows price pairs and their volume in real time. You can also find a list of available trading pairs on the "Markets" tab.
Other great features of imToken Wallet include its sharing system via Blueethoo and its support for DeFi and staking (both ATOM and LOOM). The interface is clear, intuitive, and easy to navigate. It also offers a watch-only mode.
Transaction fees
The transaction fees are a service charge paid to miners who add transactions to the blockchain. You can set the miner fee for your transaction on the transfer page. Alternatively, you can adjust the miner fee automatically. If you set a higher fee, your transaction will be added to the blockchain more quickly.
IM Token is an ideal wallet for Ethereum-based cryptocurrencies, and also supports several other tokens based on the ERC20 standard. It offers multiple security features,How to transfer coins to Imtoken? , including support for biometric verification (face ID and fingerprint). In addition, the wallet enables users to trade cryptocurrency within the built-in exchange and integrates staking.
The Ethereum network consumes computational resources to execute every transaction on the blockchain. The resulting gas fees are charged to the sender and are called “transaction costs.” On legacy Ethereum, this amount is determined by the amount of Gas used plus the price of Gas.
In order to minimize the risk of a failed transfer, you can choose to set a specific gas fee for each transaction on your imToken Wallet. However, you should not change this setting unless you’re confident that the transaction will succeed. Otherwise, the transaction might fail, which could cost you a substantial amount of money. The gas fees you pay to the Ethereum network will not be refunded. To avoid this, you should always verify your transaction on the Ethereum network.
Security
Imtoken Wallet is a mobile multi-asset crypto-wallet that offers users an easy-to-use interface to store their Coins and Tokens. Its encryption technology keeps your coins secure from hacking and theft. The app also offers several security features to protect your assets, including fingerprint and face recognition support. It also allows users to replace their wallet passwords with biometrics, ensuring that they remain private and safe.
The company’s mobile wallet supports the storage of many different cryptocurrencies, including Ethereum (ETH). It also supports multiple blockchains and decentralized applications (DApps) through its DApp browser. The platform also provides a variety of payment services, such as instant transfers and exchanges.
Despite its advantages, the wallet has some issues. First, the user must remember their mnemonic phrase and private key in order to access their funds. Additionally, they must make sure that their backups are protected and not exposed to unauthorized individuals. This is important because your assets can be stolen if someone gets hold of your mnemonic and private keys.
Imtoken Wallet is available on both iOS and Android. The company has a reputation for providing a reliable product, and its team is dedicated to improving it. In addition, it is open source, allowing users to see the code for their wallet and suggest improvements. The team is working hard to improve the security of their system, including integrating a feature that will prevent accidental deletion of wallet files.
Supported tokens
Aside from BTC and EOS, the Imtoken wallet supports a number of other digital currencies. These include BCH, ETH, EOS, ATOM, CKB, LTC, TRX, DOT, KSM, FIL, and XTZ tokens. Users can also add other ERC-20 and ERC-721 tokens to the wallet manually. This mobile wallet can be downloaded on both iOS and Android operating systems.
The app offers effective security measures to protect its user's private keys. This includes a password, a recovery phrase, and a seed statement. It is also non-custodial, which means that it does not store your private keys on its servers. This ensures that you retain full control of your crypto assets.
It has an inbuilt exchange that allows you to swap between different coins and stable coins. You can also use the app to access dApps and exchange them for fiat currencies. The wallet also offers a variety of features for protecting your coins. These include multi-character passwords, offline transaction signing, and third-party security audits.
The Imtoken Wallet is the world's most popular mobile light wallet for crypto asset management. It is a secure, fast, and easy-to-use cryptocurrency wallet. It is a non-custodial wallet, which means that your private keys are stored on your device and not on the company's server. It also has advanced functions, such as the ability to accelerate pending transactions and manage multiple transactions simultaneously.