What is a DeFi wallet?

[EAA-ALLAH]

The main purpose of a DeFi wallet is to allow users to store their own funds with no reliance on a third party to hold their assets. Essentially, it leaves you in charge of your funds with the full freedom to do as you please. The only person in charge of your funds is you, which is a pretty revolutionary concept when you consider that banks are ultimately in control of your money.

Unlike centralized wallets, DeFi users do not have to verify their identity or provide any background information. The anonymity of DeFi wallets is appealing to many and means that your identity is never at stake. However, does that mean DeFi wallets are not safe? The answer here might surprise you. DeFi wallets are arguably the safest options on the market. The only catch is that because you are in charge of your wallet, if you lose important login information there is typically no way to recover it.

The majority of DeFi wallets are Ethereum-native, which means that they support Ether, ERC20 tokens and ERC721 tokens. Additionally, most DeFi tokens are supported since they are also built on the Ethereum blockchain.

Most DeFi wallets are web3 wallets

[Hometown]

DeFi is completely Ethereum based platforms which wallet should be Ethereum based. Actually Ethereum 2.0 based on Web3. So DeFi should be web3 wallet. ERC-20. ERC-21 and ERC-751

[Nostoman]

DeFi is completely Ethereum based platforms which wallet should be Ethereum based. Actually Ethereum 2.0 based on Web3. So DeFi should be web3 wallet. ERC-20. ERC-21 and ERC-751

Yes, your information is correct. Thank you very much for the good information. Unknown information about defi wallet. Currently the market is showing surprises. Many are improving. That is not unknown to anyone.

[Btceth01]

DeFi a Ethereum based platforms. Actually Ethereum Erc20 support wallets are DeFi wallets.

Myetherwallet
Trust Wallet
Coinbase
Atomic
MetaMask
Math wallet

[hair]

DeFi is completely Ethereum based platforms which wallet should be Ethereum based. Actually Ethereum 2.0 based on Web3. So DeFi should be web3 wallet. ERC-20. ERC-21 and ERC-751

Does web3 wallet support app wallet like Trust Wallet, MEW & Metamask right? so it doesn't matter to use the wallet that we currently use to receive DeFi tokens

[LogiC]

DeFi a Ethereum based platforms. Actually Ethereum Erc20 support wallets are DeFi wallets.

Hello there are some defi projects too under some blockchains like trx. There are also some yield farming that happening on the network. Im not sure but of course other defi project running on more blockchains and surely it will be dominated on other cool blockchains too.

[H2O]

Actually i think Ethereum based platforms are the main platform of DeFi. So Ethereum support wallet undoubtedly DeFi wallet. Coinbase, myetherwallet, coinbase pro, trust Wallet, MetaMask, ledger nano wallet, atomic wallet are available for DeFi wallet.

[heyod hewow]

Actually i think Ethereum based platforms are the main platform of DeFi.

Yes it is. But it should be borne in mind that DeFi projects exist not only with Ethereum blockchain, they also exist with Tron, Waves, EOS and other blockchains, just they are less popular and less visible compared to Ethereum DeFi projects.

[vaysar]

You can also add the Argent wallet here which integrates seamlessly with the DeFi protocol. Let's say a wallet user has DAI tokens at his disposal. The wallet has a function of providing a loan of these tokens at interest. That is, the holder can issue a loan in tokens directly from his wallet and receive interest there. At the same time, the interest rate is regulated by the Maker platform, which adjusts it every 15 seconds to keep the price of DAI tokens as close to the dollar as possible.

[Coin63@]

DeFi is a platform which based on Ethereum based platforms, DeFi is a decentralized finance which communicate bonding between de.. Finance and cryptocurrencies.
Erc20, erc21 and erc721 is the DeFi wallet.
Myetherwallet, MetaMask and trust Wallet is DeFi wallet.

[Bobcrypto]

Every thing about Defi is completely an Ethereum base Network, and an ERC20 token is basically an Ethereum wallet compactable tokens. Any wallet that is compactable with Ethereum (ether) is also compactable to all Defi tokens. Just simple.

[Altcoin1998$]

DeFi which supports Ethereum based wallet. Actually MetaMask, myetherwallet, coinbase, imtoken, trust Wallet, math wallet, erc721 Erc20 support wallet, web3 based wallet normally DeFi support wallet.

[Triedboy]

I think DeFi is a Ethereum based platforms.myetherwallet, coinbase, trust Wallet, math wallet, erc721 Erc20 actually doing support this wallet.

[EAA-ALLAH]

I think DeFi is a Ethereum based platforms.myetherwallet, coinbase, trust Wallet, math wallet, erc721 Erc20 actually doing support this wallet.

Yes sir DeFi Ethereum based platforms and above your all wallets actually Ethereum based wallet. However DeFi a Ethereum based wallet, then above all wallet DeFi wallet so far.