ImToken Wallet Review
Known for its multi-coin support, this wallet offers easy-to-understand transaction records. The wallet also includes an in-built exchange and a dApp browser.
Unlike other centralized crypto wallets, imToken is self-custodial. This means that users are sole holders of their private key and mnemonic, having full control over their assets. Therefore, they should always back up their mnemonic.
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imToken is a Series B blockchain technology company founded in 2016. The firm is inspired to make digital life equally accessible to all by providing non-custodial wallet services. Its mobile wallet application enables multi-chain asset management, DApp browsing and private exchange of value. It is available in several jurisdictions where it complies with local regulations. It is headquartered in Singapore. The company recently upgraded its Tokelon 0x-based decentralized exchange to version 3.0, which supports the new imToken Web App.
imToken Wallet is the most popular crypto wallet globally, providing secure and trusted digital asset management services to millions of users in over 150 countries and regions. It offers multi-chain asset management, a built-in exchange and DApp browsing, enabling you to easily manage and transfer BTC, ETH, EOS, ATOM, KSM, DOT, FIL, Polkadot, Heco, Polygon and many other coins.
Besides supporting all major blockchains, imToken also supports the Ethereum ecosystem Layer 2 solutions — Optimism, Arbitrum and zkSync — for resource management, staking and other functions. In addition, it allows you to decode transactions on ETH wallet, making it easy to understand what is happening on-chain and gain more control over your cryptocurrencies.
With the new "Account Activity" feature, you can see all token transaction records in your ETH wallet including details such as time, status and type. This will help you keep track of your cryptocurrencies and improve your security.
You can now directly withdraw from centralized exchanges such as OKX to your ETH wallet via the "Withdraw" page in the app. You can also choose whether to use a General (legacy) address or SegWit, allowing you to enjoy lower miner fees. You can even create a QR code for your Cold Wallet, which is especially useful for sending large amounts of coins to others. You can also scan the QR code on your offline phone to generate an allowance signature.
Unlike most crypto wallets, which rely on passwords, imToken uses a unique encryption technology to keep your cryptocurrency safe. You can also create a 12-word phrase string to recover your wallet, making it more difficult for cyber criminals to access your private keys. Additionally, the company offers hardware wallet integration with its own imKey device to protect against hacking.
The wallet currently supports ten cryptocurrencies and eight major stable coins. It also allows you to swap them using the built-in exchange without any additional fees. However, you will still be charged for blockchain network transaction fees when sending them outside the app.
Another great feature of the wallet is that it has a customizable fee slider. This allows you to choose your preferred level of security and transaction speed. Higher fees will ensure that your transactions are added to the blockchain faster, while lower fees will cause them to take longer.
The wallet also provides a detailed view of all token transaction records including the time, status and type. The app also has a built-in DApp browser that helps you connect to the tokenized world. It also has a range of features that let you make the most of your investments, including betting and staking. You can even trade your coins on the Tokenlon exchange with a few taps.
The latest version of the wallet supports multi-chain assets and features a built-in exchange for users to swap cryptos within the platform. The user experience is seamless, with a variety of incentives and security measures available to ensure the safety of their funds. It also offers a secure storage option and can be backed up with passwords or biometric verification such as Face ID or fingerprint scanning.
The new version of the wallet will also allow you to filter transaction records based on the time they were recorded, their status, or type. This will help you track and monitor your transactions easily, and will be particularly useful if you need to retrieve information for tax purposes. It will also give you the option to import records from other wallets or exchanges.
Unlike MyEtherWalet, which only allows for ETH-based tokens and coins, imToken can hold more than 18 different currencies, including BTC, ETH, EOS, ATOM, BCH, TRX, LTC, CKB, DOT, KSM, FIL, XTZ, and the main stablecoins USDT and USDC. It also supports a number of blockchains, dApps, and has an inbuilt exchange with the most popular cryptos. The software is open-sourced and undergoes frequent third-party security audits from SlowMist, PeckShield, Cure53, and Knownsec.
With offices in China, the US and Singapore, imToken has 78 employees and is one of the world's most popular cryptocurrency wallets. Its funding includes a $10 million Series A from IDG Capital.