Download Wallet Connect | Official Website
Sometimes, it is pretty overwhelming to understand the crypto dynamics and the new developments that are making their way into this complex world. But, there is no need to worry when you have this guide by your side. Since you cannot go a day without interacting with the Web3 world if you are an active crypto trader, hence you will need essential tools to do that.
Agree or not???
Well, one such tool that can help you explore the Web3 world in the best possible way is none other than "Wallet Connect." If this is the first time that you are getting to know about this tool, then I am sure you are curious to know more about it.
Isn't it? So, in that case, rely on this informative post and stay tuned till the end to explore all the aspects of this tool with me.
Understanding Wallet Connect to its core
Developed by Pedro Gomes in 2018, Wallet Connect is simply a tool that bridges the gap between a decentralized application and a wallet. Primarily, it was developed only with the vision to allow mobile wallet users to access the dApps on the desktop seamlessly. However, they have soon expanded their services and now both mobile and desktop wallet users can access the decentralized apps using Wallet Connect.
And you know what the best part is??? All of this can be done without having to expose your private keys.
Isn't that fantastic?
Moving on, let us now take a look at the features that are associated with WalletConnect and how they are going to be useful in our crypto trading journey.
Taking a glance at the WalletConnect Features
If you haven't used WalletConnect ever, let me tell you that this tool comes with a very secure and user-friendly interface letting users have access to the platform features without facing any difficulty. Take a look at the features now-
Establish Secure Connection- First up, the wallet makes sure that none of your personal information or any information related to your crypto assets will be exposed while establishing the connection between a wallet and the DApp.
Cross-platform Compatibility- Another noteworthy feature of the wallet is its compatibility with mobile and desktop-based crypto wallets.
Quick Connectivity using QR Code- During the process of connecting the wallet with the dApp, you are given the option to establish the connection using the QR code which turns out to be highly convenient and free of mess.
Get Push Notifications- Once the connection is successful, users get push notifications on their devices whenever a transaction is being executed.
Open-source platform- Well, in my opinion, this is one of the best features of Wallet Connect because it shows that the platform is completely transparent and can be trusted.
Mobile Wallets compatible with Wallet Connect
Wondering which mobile wallets are compatible with WalletConnect???
Think no more... and check out the list of Mobile wallets that you can pair up with a decentralized application using the Wallet Connect protocol:
MetaMask Mobile
Rainbow
Argent
Crypto.com DeFi Wallet
Trust Wallet
imToken
TokenPocket
MathWallet
Pillar
SafePal
Desktop Wallets that work wonders with Wallet Connect
Since Wallet Connect is highly versatile and can be used with several crypto wallets available in the crypto market space, therefore, we cannot name all the wallets here. However, a short list of popular desktop wallets is presented below-
Ledger Live
MetaMask
Trezor Suite
Is Wallet Connect compatible with Browser-based Wallets?
Yes, one can easily connect and use browser-based wallets with Wallet Connect. Some of the wallets have already been mentioned in the previous list. However, if you still want to know about some additional wallets that are supported by this tool, then you can take a look at this list as well-
Coinbase Wallet
Opera Crypto Wallet
Atomic Wallet
Coinomi
BitPay
Exodus
Enjin Wallet
IMPORTANT: All the users are requested to note that the platform may integrate support for other wallets in the future as well. So, you should not consider the given list as an extensive list of supported browsers. Please visit the official website to explore all the wallets.
Decoding the work mechanism of WalletConnect
If you want to know how Wallet Connect works, then this segment will help you understand that in a much better way.
Stage 1- first up, you need to connect your preferred wallet to the dApp of your choice by using WalletConnect as the bridge.
Stage 2- Once you have established the connection either using the QR code or using the connection link, a session will begin between the dApp and the wallet.
Stage 3- After the session begins, you can then sign (approve or reject) the transaction when requested by the dApp.
Stage 4- When the transaction is approved, it will be executed very soon and will be sent to the blockchain.
Wondering how to use WalletConnect?
Worry no more, this segment of the read has got your back and you can easily rely on the steps below to have deep insights on how to connect your wallet with a dApp using Wallet Connect-
Pick a compatible wallet- Begin by launching a wallet that is compatible with WalletConnect (if not using it already, install it now and set it up) e.g. you can use MetaMask or Trust Wallet.
Now, open the dApp- Now, it is time to go to the dApp website (e.g. Aave) that you wish to use.
Select "Connect Wallet"- When on the dApp page, press the "Connect Wallet" button and choose "Wallet Connect" from the appeared list.
Scan the QR code- At this stage, the user needs to open the wallet app to scan the QR code on the screen or use the link by copying it from the current screen and pasting it into his desktop/browser-based wallet.
Give the approval- When you are ready, approve the connection by selecting the required option on your wallet app.
Start transacting!!!
How to fix any problems or issues with Wallet Connect?
Whether you are having connection issues, problems while scanning the QR code, or you are not able to make the transactions, you can rely on the troubleshooting tips below to bid farewell to these problems right away:
Be sure that your device is connected to a stable internet connection
Try refreshing the dApp and the wallet app/extension
You may also refresh your device
In case of a problem scanning the QR code, try cleaning the camera lens
Be seated in a place with good lighting to scan the QR code
In case of transaction failure, check the availability of funds/ gas fee
Make sure that your wallet is up-to-date
Clear browser cache and cookies
Summary
Summarizing the read, all I would say is you can definitely put your trust in Wallet Connect to ensure a safe and seamless connection between your wallet and a dApp of your choice. However, to avoid any scams, make sure that you do not click on any external links that might show up during the connectivity process.
Frequently Asked Questions
Is Wallet Connect free?
WalletConnect is a convenient as well as safe tool to connect your preferred wallet to a dApp. It offers all its services free of cost. However, if you initiate a transaction, you will incur some gas fees.
Is walletConnect safe?
Yes, it establishes a safe connection between a dApp and a crypto wallet without exposing your private keys. Additionally, whenever you transact through it, it always asks for your explicit approval through push notifications.
How to use Wallet Connect on my phone?
Install a mobile wallet that is compatible with Wallet Connect. For example, you can install the MetaMask mobile app and then open the dApp you wish to connect to. Then, choose the "Connect Wallet" option on the dApp screen and choose "Wallet Connect" from the available options. You will now see a QR code which you need to scan through the MetaMask mobile app. That's it.
What is the official website of Wallet Connect?
If you want to avoid being scammed and want to explore some additional features of the tool, make sure you visit their official website viz. https://walletconnect.com/.