One-stop digital asset management service BitKeep positions itself as gateway to Web3 in latest update

Published at: March 22, 2022

DeFi has continued to grow at an unprecedented pace, introducing the world to new ways to send and receive funds, invest, take out loans and even enjoy a new form of collectibles. However, as the technology quickly advances and more use cases come to light, users are beginning to find the diverse landscape more and more complex to navigate. Even wallets, which were once viewed as little more than an asset storage tool, have grown in functionality to become an access point for decentralized exchanges (DEXs), DApps and games. 

Although these entry points into the DeFi industry are more readily found than ever before, the industry still has work in optimizing the user journey to encourage new growth and extend functionality for their existing community. For the future of decentralized projects, this means using utility and accessibility as guidelines for development. 

Meeting the needs of the growing DeFi industry is BitKeep, a multichain wallet and more extensive digital asset management service. Although based in Asia, BitKeep has established itself as a global player with partnerships across chains including Polygon (MATIC), Solana (SOL), Ethereum (ETH) and Terra (LUNA), among others, and a dedicated supporter of the DeFi market. In practice, BitKeep has done this by providing a bridge for new users by helping them discover and identify quality DeFi projects for users to explore new initiatives as they arise. 

Most recently, the BitKeep team has announced their launch of the v7.0 app, which includes the addition of an NFT Market section and a Discover section, making the app a powerful tool that integrates five sections, i.e. Wallet, Swap, NFT Market, DApp and Discover.

Making continuous improvements

Core to this upgrade was the UX, security and functionality improvements the team made to their wallet. This effort aims to provide users with the most convenient location to trade while protecting the privacy and security of users. To address functionality, BitKeep’s wallet has added support for 40+ main chains and DApps, such as ETH, Polygon, Binance Smart Chain (BSC), OEC Token, Avalanche Contract Chain (AVAX-C), TRON (TRX) and Solana. 

Despite existing cross-chain features, users can take advantage of a simplified experience, accessing all of these assets from a single account. Updates have also included the additional support of 10 languages, including Chinese, English, Korean, Latin, American, Arabic, Turkish and Vietnamese.

Alongside their wallet upgrade came an enhanced Swap, a section of BitKeep consisting of Quotes, Bridge and Launchpad. With Quotes, users can access real-time intelligence of 200,000 tokens and data, including candlestick charts, transaction histories and data analysis. The Bridge feature is also equipped to manage swaps against 10 chains and 26 protocols, comprising several bridges, which help create a larger marketplace.

More insights from BitKeep here

Core to DeFi is the rise of the digital asset class known as NFTs. As part of the 7.0 upgrade, BitKeep has added a new NFT Market section, where users can engage with trade and display features for various digital artwork and collectibles, providing NFT trading channels for creators and collectors anywhere in the world. Other capabilities include real-time NFT gainer rankings and asset recommendations for users to stay ahead of market trends.

For first-time BitKeep users, Discover features contain a Help Center with educational materials such as tutorials, safety tips and overviews of product functionality to ensure that users have familiarity with BitKeep’s functions. Efforts are rewarded through the Gift Center, a reward mechanism consisting of multiple tasks associated with different bonuses.

An important milestone

To date, BitKeep recognizes its 7.0 launch as one of the more important milestones in history. Their community now consists of 4 million verified users across 168 countries. With the 7.0 update paving the way, BitKeep is continuing to establish itself as more than a blockchain wallet by providing users with an entry point into the greater world of Web 3.0.

Learn more about BitKeep

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Tags
Dex
Related Posts
3 reasons why Telos (TLOS) price hit a new all-time high
It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains. One project that has weathered the storm in the crypto markets to establish a new all-time high is Telos (TLOS), a blockchain network created with the EOSIO software that aims to bring speed and scalability to smart contracts for decentralized finance (DeFi), nonfungible tokens (NFTs), gaming and social media. Data from Cointelegraph Markets Pro …
Adoption / Feb. 4, 2022
A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a "technical adjustment," but the network’s deposits and decentralized applications reflect worsening conditions. To date, Avalanche remains 83% below its November 2021 all-time high at $148. More data than technical analysis can be analyzed to explain the 16% price drop, so let’s take a look at the network’s use in terms of deposits and users. The decentralized application (DApp) platform is still a top-15 contender with a $7.2 …
Blockchain / Aug. 18, 2022
Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%
In a recent blog post, cryptocurrency legend and former BitMEX CEO Arthur Hayes mentioned he holds sizable bags of GMX and LOOKS tokens. According to Hayes, his main reasoning for investing in both tokens was their platform revenue and the potential of both assets to outperform standard treasury bills. Let’s take a brief look at on-chain data and compare GMX and LOOKS to competitors to determine whether Arthur’s assumption will work out. GMX usage cooling after a strong November The week prior to Nov. 16 provided decentralized Finance (DeFi) with a significant influx in fees after the centralized exchange (CEX) …
Markets / Dec. 13, 2022
Reactivated Ethereum pools trigger a 78% surge in THORChain price
Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume. …
Markets / Oct. 24, 2021
Why crypto industry needs venture capital: Q&A with veteran investor
Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings. But with the industry maturing and more startups wanting not only the capital but mentorship to build a working and valuable product, venture capital has emerged as one of the most attractive options. Cointelegraph talked to Li Rongbin, founding partner of SevenX, about why venture capital funding is the next big thing …
Nft / Jan. 25, 2022