OKX Wallet creates an all-in-one wallet, making cryptocurrency trading and NFT transactions on the blockchain super convenient for beginners!

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Most People Have Not Experienced "Blockchain"? The Dilemma of Users

Whether you are a beginner in the world of virtual currency or a seasoned cryptocurrency trader, only a few leave a "chain trace" when transferring cryptocurrencies in and out; in fact, most users of centralized exchanges may not have actually used blockchain applications, such as DeFi decentralized finance or NFT trading markets.

Following the collapse of the centralized exchange FTX due to asset misappropriation, cryptocurrency users have become more concerned about asset sovereignty with the motto "Not your key, not your money." Consequently, they have started using self-custody wallets such as MetaMask to explore decentralized services like blockchain transactions, crypto lending, and pledging.

However, "high entry barriers," "low transaction efficiency," and "high fees" are still areas where blockchain applications are striving to improve; therefore, despite the efforts of blockchain applications, centralized exchanges continue to dominate the majority of users by providing efficient and cost-effective services, albeit at the expense of asset sovereignty. This presents a dilemma for users.

OKX exchange has long been aware of this issue and is committed to providing users with the option of self-custody wallets alongside centralized services, offering "Proof of Reserves" and now introducing OKX Wallet.

A One-Stop App Integrating CeFi and DeFi: OKX Wallet

If integrating communication, social, and payment services like WeChat and Alipay is considered a Super App in Web2, then OKX Wallet, which integrates CeFi centralized finance and DeFi decentralized finance, could be considered a Super App in Web3.

OKX Wallet is a self-custody wallet developed by the OKX exchange alongside its existing mature trading services. In fact, developing a wallet is not uncommon, but what sets OKX apart is its macro vision of integrating CeFi and DeFi services, allowing users to access almost all blockchain-related services through OKX with just a click. The separation between on-chain and off-chain applications is no longer distinct; there is only one key difference: "Exchange" or "Web3 Wallet." This article focuses on the web version, but there is also a mobile app available.

Aside from familiar exchange services, users can quickly switch to the "Web3 Wallet" page to link their wallet, choose to install the OKX Web3 Wallet plugin, or link to other existing self-custody wallets to explore the world of blockchain.

If you opt for the OKX Web3 Wallet, you will find its robust support system impressive. Not only does it support Ethereum-compatible EVM chains, but it also supports native UXTO tokens like Bitcoin and Litecoin, with over 25 different chain assets stored in a single wallet.

One particularly amazing feature is the "One-Click Gas Conversion"! With over 25 different chain assets, there may be situations where gas fees are insufficient on a particular chain. In such cases, the one-click conversion feature allows users to instantly convert assets in their wallet into gas.

Helping Newbies Overcome "DeFi Fear" with the Most User-Friendly OKX Interface

For beginners venturing into self-custody wallets, concerns arise not only from "copying mnemonic phrases" and "protecting private keys" but also from uncertainties like "What can I do in the world of DeFi? Is it safe?" OKX addresses these concerns with an extremely user-friendly design, categorizing common on-chain activities into specific sections on a single page, similar to the layout of a familiar exchange service page.

When you need to understand your wallet's status: The "Asset Dashboard" allows you to view total assets, different blockchain assets, fund changes, DeFi staking, NFTs, and more, much like a wallet analysis site such as Debank.

When you want to buy and sell cryptocurrencies on-chain: The "Trade" function finds the best decentralized exchange protocols for you and automatically compares prices to find the most cost-effective trading options.

Moreover, if you are unsure of what to do, you can explore popular DeFi applications and blockchain games through the "Discover" page on OKX.

Self-Sovereign Finance Made Easy Across Chains

The DeFi world offers a variety of financial services such as savings, yield farming, staking, liquidity pools, and mining. Choosing from numerous on-chain protocols and the diverse ecosystem of public chains can be overwhelming. OKX simplifies this by integrating all blockchains on a single page—Ethereum, OKC, BNB Chain, Polygon, and more—segmented by different types of financial services. Users can compare different products based on fund size and annual returns, making DeFi finance easier than ever before.

Trade NFTs at the Best Rates: Zero Fees and Full Chain Market Support

The NFT market is booming, with established platforms like OpenSea and emerging markets like Blur, X2Y2, and LooksRare offering airdrops, royalties, and fee incentives. OKX aggregates quotes from all markets, consolidating 10 blockchain NFT projects on a single platform and offering zero transaction fees. NFT collectors can focus on their collections and easily find the best prices.

NFT enthusiasts will be impressed by OKX's detailed features, including information on "Upcoming" NFTs, tracking community interest, minting prices, release times, and basic information, all accessible without leaving the OKX website.

Even the latest Bitcoin NFTs are available on the OKX NFT market, showcasing its ability to keep up with market trends:

Event Alert! From March 2 to March 16, 2023, OKX is hosting a free giveaway event for Web3 domain names. With just three steps, users can claim an unstoppable domain name.

Don't Worry About Security! OKX Has You Covered

The blockchain world is fraught with unknown risks, from malicious operators in CeFi exchanges to unknown protocols in DeFi. In addition to basic safeguards like mnemonic phrases, private key security, and fraud alerts, OKX has established an "Authorization" page that allows wallet users to view and manage their authorizations, canceling them before any malicious activities occur, swiftly cutting off potential attacks.

OKX Wallet: A Necessary Move for a Top Exchange

Recent enforcement actions in the United States have put pressure on Coinbase's business operations, forcing them to launch the L2 solution "Base" to bring exchange users onto the blockchain. This indicates that under unfriendly regulations, the operational and legal compliance costs of centralized exchanges will continue to rise. The "migration to the blockchain" will inevitably become a red ocean for exchanges, where a large user base and liquidity are significant advantages.

OKX provides both centralized and decentralized options, pioneering a user-friendly Web3 experience and offering superior services in the blockchain environment. This step represents a significant development in the exchange industry, returning asset sovereignty to users' choices, increasing revenue sources from on-chain businesses, and mitigating risks posed by regulatory impacts.

Web3 services "can" or "cannot" include blockchain experiences; the key is to allow users the freedom to choose, a true embodiment of the blockchain spirit by OKX.