Dear readers of our blog, today we would like to inform you about different crypto wallets, and the possibilities that they provide, and how you can store, send and receive Pylon Eco Tokens (PETN) due to these crypto wallets.
Nowadays, cryptocurrency wallets are classified according to different parameters (platforms, supported coins, key storage methods, adjustability, etc.). One of the main criteria is the method of storing keys. Private keys can be stored by the wallet service provider on its own servers. They can also be placed directly on the user’s device (phone, computer). The second option prevails in modern wallets since no one doubts the importance of bearing independent responsibility for their own funds.
Most crypto wallets are multicurrency types, and that makes it possible to store not a single token or currency in one wallet, but many of them at the same time. Accordingly, user have the ability to quickly exchange one currency for another within his/her account.
What are ERC-20, BEP-2, and BEP-20 standards?
By definition, tokens are cryptocurrencies that are built using the existing blockchain. For example, ERC20 token development is a standard of Ethereum Blockchain while BEP-2 and BEP-20 are the token standards of Binance Chain and Binance Smart Chain respectively.
An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. Smart contracts can then be used to create a smart property or tokenized assets that people can invest in.
BEP2 is the token standard used by the BNB platform. The standard provides specifications for issuing tokens on this blockchain. BEP2 token transactions are supported by many popular wallets. If you want to transact using BEP2 tokens, you will need to use BNB coins to pay for gas, i.e., transaction fees.
The new blockchain was designed to be compatible with the Ethereum Virtual Machine (EVM), an Ethereum platform for developing smart contracts.
BEP20 is the token standard used by BSC and is a versatile standard designed to be compatible with both BEP2 and Ethereum ERC20.
BEP20 and BSC opened up opportunities for users to access the large and rapidly growing number of DApps. Within months of its launch, BSC became the main challenger to Ethereum for the development of tokenized DApps.
Similar to BEP2, transacting with BEP20 tokens requires BNB coins to pay for gas. BEP20 is currently supported by many crypto wallets.
You can also transact between BEP2n and BEP20 using a “Bridge”. This cross-chain service was designed to facilitate interoperability between several blockchains, including Ethereum and TRON.
Listing PETN in different crypto wallets
So, as we see the selection of a crypto wallet is one of the key steps when we deal with cryptocurrencies. Today, many companies provide this service. Crypto wallets that are offered on the market are tailored for different needs: some of them are better suited for secure storage, some are designed to give its users convenience and flexibility, and some of them were created to allow these crypto wallets holders to store a large amount of money.
The executive team members of the Pylon Eco Token project did their best to list PETN at those crypto wallets that combine these three qualities altogether. In addition, all those crypto wallets should have the support of the BEP-20 standard, as the Pylon Eco Token is completely built on Binance Smart Chain. Moreover, all those crypto wallets have mobile versions that are suitable both for Android and iOS-based smartphones. Mobile crypto wallets combine convenience and security. With their help, users can conduct transactions from their smartphones while on the road or in any other place where the Internet is available. In addition, it is more difficult to hack or infect iOS and Android with viruses than operating systems on a PC. Mobile applications are classified as “light” clients because they use simple payment verification (SPV), as they use data received from servers instead of the blockchain.
This crypto wallet was created in 2017, and in 2018 it was bought by the Binance crypto exchange.
Due to the Trust Wallet, users can buy cryptocurrency in the app, exchange it for other crypto assets (swap), manage accounts by quickly adding or hiding them in the interface, and use multiple crypto accounts. Trust Wallet integrates with the Binance DEX decentralized exchange using the Wallet Connect feature.
A distinctive feature of the Trust Wallet is its decentralization. Developers do not have access to user data, their passwords, and keys. Client funds cannot be blocked, and wallet operations stopped. Only the user has access to his funds, and only he is responsible for their safety. For comparison, many exchanges and wallets store keys and data for each user in separate databases, and there have been cases when clients lost all their funds.
It is important to note that Trust Wallet is an open-source app, which is an added bonus. Anyone familiar with application development can check the application code and draw conclusions about its filling.
Trust Wallet is completely anonymous and does not collect information about its users. You do not need to verify your identity, register, send documents for verification or provide other personal data, including email.
So, we could say that Trust Wallet is a non-custodial crypto wallet. With a non-custodial wallet, the user has sole control of his/her private keys, which in turn controls his/her cryptocurrency and proves that the funds actually belong to the user. With a custodial wallet, another party controls the user’s private keys.
Math Wallet is a multi-platform (mobile/desktop/extension/hardware) universal crypto wallet that enables storage of all BTC, ETH, EOS, Solana, Binance Chain, Cosmos tokens. Math Wallet also offers cross-chain token exchanges and a multi-chain DApp shop. You can create wallets in-app. This allows you to store, receive, and transfer tokens easily. You can monitor your portfolio and track earnings anywhere. Plus, you can earn rewards without ever leaving the wallet. Private Keys, Mnemonic Phrases, and 2-Factor authentication are some of the ways to secure your assets.
Math Wallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet. Math Wallet allows storage of 50+ blockchain and 3000+ tokens. Math wallet is a non-custodial crypto wallet.
Coin98 Wallet is the simplest and most secure crypto & Bitcoin wallet to store, send, receive and manage your cryptocurrency assets. It is designed to seamlessly connect users to the crypto world in a safe and secure manner. Coin98 Wallet also offers various advanced features that bring users “to the moon” experience, including multi-chain wallet management: managing multiple digital assets simultaneously, easily, and conveniently, Unique “always-connected” experience: Access numerous DeFi services across various blockchain seamlessly and concurrently.
Coin98 Wallet offers fast, convenient, and secure procedures of storing, sending, receiving on 18 popular blockchains, including
- Ethereum (ETH & ERC20 tokens)
- Binance Smart Chain (BNB & BEP20 tokens)
- Solana (SOL & SPL tokens)
- Tron, Polygon (Matic)
It is a non-custodial crypto wallet.
This cryptocurrency wallet combines a hardware device and a software platform for managing crypto assets. It supports twenty blockchains and over 10 thousand different currencies and tokens. SafePal makes it possible to interact with decentralized applications.
It is a mobile cryptocurrency wallet that allows you to easily use cryptocurrency from anywhere in the world, as long as you have the Internet. SafePal is backed and funded by Binance, the largest cryptocurrency exchange. It should also be noted that it is a non-custodial, decentralized crypto wallet.