Beginner’s Perspective

From a beginner’s perspective, the Brave Wallet is one of the most intuitive crypto wallets thanks to the fact that the wallet is built into the Brave Browser. This means that the user does not have to install any extension to access the wallet. Brave Wallet’s built-in token swap mechanism also adds to the simplicity of the wallet as users don’t have to connect to any decentralized exchange to swap ERC-20 tokens.

The wallet is also built with a price matching engine that matches the assets the user is looking to swap with a list of providers across the DeFi landscape with the best prices. At its core, the wallet acts as a type of aggregator for users looking to make quick trades on a single platform.

Best Features of the Brave Browser Wallet

Brave claims that their Brave Wallet is designed to use fewer CPU resources as it is built into the Brave Browser. However, what stands out for the Brave Wallet is the fact that it is a non-custodial software wallet that enables users to securely store their private wallets on any device where Brave Browser is installed.

As long as the device you use with your Brave Browser is secure, you can be sure of secure storage of your digital assets in the Brave Wallet.

What Cryptocurrencies are Supported

The Brave Wallet supporters the Ethereum network and therefore can be used for storage of all ERC-20 tokens as well as other tokens compatible with the EVM or other Ethereum based layer two solutions. Some of the top ERC 20 tokens that can be stored on the wallet include:

• Ether (ETH)
• Basic Attention Token (BAT)
• Wrapped Bitcoin (WBTC)
• Chainlink (LINK)
• USD Coin (USDC)
• Tether USD (USDT)

Some of the popular EVM compatible chains include:

• Polkadot (DOT)
• Avalanche (AVAX)
• xDai

Brave also offers support for Solana (SOL).

Brave Wallet Security

While there is currently limited information on the security features that the Brave Wallet deploys, the fact that the wallet is built natively into the Brave Browser adds a layer of security as there are no vulnerable loopholes for phishing attacks.

Phishing and spoofing attacks are common in most crypto wallets because most web-based wallets are accessed via an online platform. The attack occurs when a third party manages to get access to the user’s credentials and is, therefore, able to redirect the user to a genuine-looking website that looks just like your wallet’s interface.

Through a phishing or spoofing attack, a hacker can get the user to provide their private key or seed phrase which is used by the hacker to gain access to the funds in the account.

Most wallets store your assets on their proprietary platform, leaving them vulnerable to phishing attacks. However, for Brave Wallet, secure storage of your seed phrase or private keys is in your control.

Supported Operating Systems

At the moment, the Brave Wallet is limited to its desktop browser; therefore, you can only use it on Windows, Linux, and Mac OS computers.

In the future, Brave plans to add support for Android and iOS operating systems. In addition to OS support, the Brave Wallet also comes with compatibility with hardware wallets such as Ledger and Trezor.

Potential Dealbreakers

The Brave Wallet is built with a variety of features ranging from its capacity to store, send and receive NFTs, interact with decentralized applications in the Ethereum ecosystem, find the best prices for token swaps, and easily import assets from other-self custody wallets such as MetaMask. However, one of the potential deal-breakers for most users is the fact that it does not offer support for Bitcoin.

Plus apart from being a native to the Brave Browser, it offers nothing new from the features on popular alternatives such as MetaMask and Trust Wallet.