AlphaWallet Review: Fees, Coins, Security Compared 2022

Rating: 4/5

Bitcoin Trading Verified

Blockchain support:

Supports all popular Ethereum-based networks

Compatibility:

IOS, Android, desktop

Storage type:

Uses Secure Enclave technology, giving 'cold wallet level' security compliance

Price:

Free

An open source, multichain Ethereum wallet. AlphaWallet solves the problem of dApps being dependent on public chain resources, and it is more secure than a hot wallet. To learn more about it, read our review.

What Is AlphaWallet?

The AlphaWallet boasts to be the only self-custodal wallet that guarantees full transparency. They are non-custodial, which means you are in charge of storing your private keys. AlphaWallet is the first mobile Ethereum wallet to use Secure Enclave and provides cold wallet grade security. It converts values from public chains and dApps into tokens that can be stored on the blockchain, consequently acting as a bridge between these separate entities.

History

AlphaWallet was founded by a team of experienced entrepreneurs and developers with the goal to create an easy-to-use wallet that could be used on any device. It has been created with the intention to make it as simple as possible for consumers to store their digital assets. The company is focused on security, ease of use and customer service.

AlphaWallet Summary

Official website

https://alphawallet.com/

Wallet name

AlphaWallet

Type of Wallet

Software Wallet

Coins Accepted

Lots of coins. Can be added manually

Native Token

No

Supported Countries

All

Languages

English

Charges

Only Gas Fees (Network Fees)

Mobile App

Yes

Is AlphaWallet Legit and Safe?

Yes, AlphaWallet is a legit and safe way to store your cryptocurrencies. They use state-of-the-art security measures to protect your funds, and they have a flawless track record when it comes to safety and security. Plus, they offer a user-friendly platform that makes it easy to manage your cryptocurrencies. So if you're looking for a safe and secure way to store your cryptos, Alpha Wallet is definitely the way to go.

Alpha Wallet Reviews

According to TrustPilot, the service has an average rating. Negative reviews claim that the wallet has a poor design. Positive reviews praise the wallet's safety and usability.

How does it Work?

The AlphaWallet app works in the following ways:

  • AlphaWallet seeks to address the key crypto issues of privacy, scalability, and usability
  • The aim is to create more fair (and free) competition via optimization of blockchain applications
  • AlphaWallet can monitor and manage decentralized finance. It is compatible with various DeFi providers, including NFTs
  • AlphaWallet app is free to use

How to open your AlphaWallet account

Step 1 - Go to the official website and initiate the download

On the top side of the screen, click on the icon that corresponds to your operating system. That will initiate downloading. Lastly, choose one between installing a light wallet or full wallet and an installation wizard will appear.

Step 2 - Install the AlphaWallet

Open the downloaded file. You will see an installation wizard in front of you. Follow the instructions and install the wallet on your computer.

Step 3 - Open the wallet and add crypto

AlphaWallet Features

Fees

To download and use the AlphaWallet app for your own commercial or non-commercial purpose, there is no charge.

Supported Assets

ETH, BNB, ADA, LTC, LINK, DASH, MATIC, 1INCH and many others.

Stacking

The AlphaWallet wallet is very old and has not been updated for a long time. That's why it doesn't have such a modern feature as staking.      

Exchanges

According to our research and usage experience, AlphaWallet does not allow users to make any cryptocurrency transactions. With this wallet, you will not be able to exchange your cryptocurrency inside the app.

Security

AlphaWallet is safe, secure and open source. It is self-custodial and Web3 compatible. AlphaWallet does not require any personal information such as an email address or phone number to register. This means that your privacy is protected, and it's all in your hands.

Support

User support is provided through email and the official website

Advantages and disadvantages

Advantages

Disadvantages

  • Supports NFTs
  • Intuitive user interface
  • Easy for Beginners
  • Optimizes public chain
  • Open source code
  • No exchanging
  • No staking

Alternatives

Header

AlphaWallet

MetaMask

TrustWallet

RATING

BLOCKCHAIN

SUPPORT

Ethereum and others

60+

53

Conclusion

AlphaWallet is a great option for individuals and business owners looking for an Ethereum wallet. It’s secure, fast, and makes it easy to send or receive tokens. If you're thinking about tokenizing your assets as well, AlphaWallet is the place to start. If you have any desire to expand into the decentralized world via tokenization, AlphaWallet could be a fabulous place to start. It accommodates both your business and personal needs so that you can meet those goals.

AlphaWallet Review Summary 

82% Overall

We have analyzed key features of AlphaWallet based on 3 important criteria for choosing crypto wallet:

  • Trustworthy
  • Usability
  • Number of coins
    Based on researches and our own tests, we have made an independent rating.
83%
Trustworthy
80%
Usability
84%
Number of coins

FAQs

How does AlphaWallet work?

AlphaWallet is a mobile payment platform that allows users to take payments from their phone.

The AlphaWallet app is available for both Android and iOS devices and can be downloaded from the respective app stores.

Is AlphaWallet free?

To download and use the AlphaWallet app for your own commercial or non-commercial purpose, there is no charge.

Is AlphaWallet open source?

AlphaWallet is an open-source wallet that is designed to be used by people who are new to the cryptocurrency space. It aims to make it easy for users to store and trade their digital assets, while being secure and private.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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