Brave’s latest update means that you will no longer need an extension to add a crypto wallet to your browser. Brave has recently updated it’s desktop browser to add a built-in crypto wallet, named Brave Wallet, that lets you buy, sell and swap with “almost any” asset.
Brave claims that the built-in wallet will come with less security risks than usual browser add-ons and will also cut down on performance penalties. The Brave Wallet is a self-custody wallet that will give users access to other wallets and will tie into hardware wallets from the likes of Trezor and Ledger.
With the wallet, you will be able to track cryptocurrency market data, find the best price matches and include portfolios (including those that hold NFTs). Brave Wallet supports EMV-compatible blockchains and is both open-sourced and open-licensed.
You can access the wallet through the settings page in Brave 1.32. The wallet is reportedly coming to mobile browsers “soon”, according to the company. The Solana blockchain will become the default for decentralised app support in 2022.
Brave’s previous crypto offerings
Brave has been a long-standing supporter of crypto. The browser firm has previously let users of its desktop and mobile apps earn cryptocurrency for watching ads. Now, the company seems to be ramping up their crypto efforts by adding the nativ cryptocurrency wallet.
The built-in wallet will be much more secure than browser extensions and Brave hopes that the latest development will encourage wider crypto adoption.
Brave’s new wallet is a self-custody wallet, meaning that users are given a secret key-phrase that is used to access the wallets. If this key phrase is lost and the crypto wallet cannot be accessed, it is gone for good. This can sometimes make self custody wallets harder to use than managed wallets.
Brave currently offers BAT (Basic Attention Token) to browser users for watching ads. The default BAT wallet will remain separate from the new Brave Crypto Wallet.
