Cryptocurrency wallets embedded in browsers have become more common than ever, especially thanks to the popularity of DeFi and NFT. Even Coinbase has announced its standalone browser extension cryptocurrency wallet. Although it offers great convenience, wallets running in the browser bring many risks. The popular internet browser Brave is developing its own application to combat scammers.
Brave Cryptocurrency Wallet
Privacy-focused browser Brave continues to deepen its commitment to cryptocurrency adoption by replacing its extension-based cryptocurrency wallet with a native wallet in the browser. The company announced today that it is preparing the official launch of Brave Wallet; It will be a self-storing cryptocurrency wallet built into the Brave desktop browser, allowing users to store and purchase cryptocurrencies such as Ethereum (ETH). The fact that the wallet also allows the purchase of cryptocurrencies is a nice detail.
Brian Bondy, chief technology officer and co-founder of Brave, thinks that this wallet they developed from the ground up is much more secure. The new wallet differs from other web3 wallets like MetaMask in that it does not require users to download an extension, but instead is built right into the browser as a core feature. According to the firm, this should reduce security risks and reliance on extra CPU and memory.
Hardware Wallets Can Be Connected
Brave Wallet, which can also be connected to hardware wallets such as Ledger or Trezor, will be very functional. Increasing the convenience of wallets running in the browser, Brave also minimizes security risks.
The company official said:
Scammers can harm people by impersonating an existing wallet application very easily. There are countless fake MetaMask extensions, but with this wallet that comes directly embedded in a browser, we are minimizing the risks.
Of course, this time, there is a risk that fake Brave applications will circulate. Therefore, you need to download the applications that you will install on your computer directly from the official websites.
The wallet, which will support many chains including EVM, Polygon, xDai, Avalanche and others, will provide a wide range of uses. Crypto can be purchased through Wyre in many currencies, including US dollars or Euros.