WalletConnect | Wallet Connect compatible wallets

Integrate with dApps through Wallet Connect: Understand how

Decentralized applications (dApps) are an important part of the crypto trade. The crypto realm comprises several elements. It is a galaxy that has crypto wallets (hardware and software), exchanges, and many other essential bodies that aid investors in uplifting their trade journey with ease. One such component is decentralized applications. But the irony here is that to access dApps investors should have a Web3 wallet because not all wallets hold the trait of being compatible to access or work with dApps.

And, this is when Wallet Connect was launched. For those who are curious about trying their hands on DeFi, NFTs. DAOs, etc. this open-source protocol has acted as a blessing. To extract more details about this protocol from soup to nuts, get along with us through this piece of content.

Designed and introduced by Pedro Gomes in the year 2018, Wallet Connect in simple terms can be defined as a pioneering wallet layout that belongs to the Web3 ecosystem. In technical terms, it is elaborated as an open-source protocol that is compatible to work with several crypto wallet mobile apps. This highly recognized layout of the Web3 ecosystem has the potential of linking crypto investors with several dApps existing in the crypto world.

After having a glance at the precise information of Wallet Connect, we will now try to discover and understand how it works in practice. For this purpose, we will have to dive deeper into its mechanism.

Constructing a light-fastening link between the investor's wallet and dApps needs an encrypted connection. To help this open-source protocol in building a connection, investors have to scan the QR code provided at the time of performing this activity. They can also start this process by clicking on the link provided at the time of initiating the process. Further, it also notifies investors about incoming transactions by delivering push notifications to them.

As studied above, WalletConnect helps investors to connect their mobile wallets with several dApps. Not only this, but it also holds up in linking the mobile wallets of the investors with other crypto wallets.

Thus, to give you an idea of what wallets are compatible to work with this protocol, we have laid out some of the recognized crypto wallets.

• MetaMask

• Trust Wallet

• Rainbow

• MyEtherWallet

• Ledger Live

• BitPay

• SafePal

• Spot Wallet

The list doesn’t end here. WalletConnect holds the capability of working with more than 170 crypto wallets. Check out the complete list of compatible wallets by paying a visit to the official website of https://walletconnect.com/.

The process of connecting the wallet with dApp through mobile and desktop are quite different. However, the process of building a connection is not complicated. You need not to download WalletConnect on your device nor you will have to perform the sign-in steps.  Chrome was introduced as a legitimate Wallet Connect extension for users preferring to work via a web plugin.

In order to build a connection with any dApp, you need not get engaged in a great number of actions. Below, we are providing you with the crucial steps that you need to perform to communicate with a dApp.

1. Opt for the device you are comfortable performing operations with i.e. computer or mobile device

2. Reach the official page of the dApp you have opted to communicate

3. Carefully look for “Connect Wallet” and tap on the same. Select “WalletConnect”

4. As a result of it, a QR code will get displayed

5. Scan the displayed QR code using a WalletConnect compatible wallet and further perform the prompted actions

That’s it. With this, you will easily build a connection with any dApp.

Migration Notice: It has been announced by the team that WalletConnect v1.0 is about to sunset by June 28, 2023 (as notified to date). Thus, investors are requested to migrate to v2.0 as soon as possible.

Troubleshooting common WalletConnect issues is not rocket science. Smoothening over the issues that emerged in the general course of action is like a cakewalk. But what’s important here is that you should give a clear understanding of a few troubleshooting measures that you can take. The measures that we are going share here don’t cost an arm and leg.

Being a participant of the crypto trade, I am quite sure that you know what are the general troubleshooting measures that you can practice if got stuck with a common issue. Thus, here we will be looking at how to tackle the connection issue that emerges while operating this service.

If you are facing multiple failures in connecting the wallet with the QR code then the sole and simple remedy is to clear out the WalletConnect sessions. You can do so by navigating to the “Settings” section of the wallet app you are using and then choosing to delete the sessions to date related to this service. Further, to evade any other hindrance on your path, it is recommended to remove all the connections before trying to connect again.

From the information provided above, we can conclude that Wallet Connect is a well-positioned wallet infrastructure that is focused on empowering Web3 connections. With its ability to work with over 170 crypto wallets, it has opened new pathways for crypto users to connect, communicate, integrate, and expand their experiences of working with several dApps existing in the crypto world. Further, it also promises the users unbreakable security and confidentiality of transactions to ensure that all the actions of the users remain under the veil.

Is Wallet Connect better than MetaMask?

Providing a definite answer to this query is quite difficult. The reason for this is that both crypto services are providing their best efforts to deliver exceptional services to the users. But yes, WalletConnect is rendering a secure, simple, and fast service. You can opt for this service without getting perplexed.

How much does Wallet Connect cost?

Founded in 2018, this service is offered to users free of charge. However, based on the dApp you are working with, and the type of transaction that you are willing to perform i.e. approving, revoking, or signing a transaction, you might have to pay a certain amount in the form of network fees.

Is Coinbase a WalletConnect compatible wallet?

Yes, Coinbase Wallet falls under the list of compatible wallets as provided by WalletConnect. For further clarity or to search for other compatible crypto wallets, you can visit its official website and walk down through the related section.

Is WalletConnect Safe?

Yes, as per the studies conducted relating to this service, it has been concluded that it is safe. The private keys of the user are not shared with any dApp. However, investors do have to take some precautionary actions to kick out the probability of any mishap such as remembering to disconnect it from the dApp after completing the transaction.