Get a seamless, secure, and intuitive way to explore the crypto universe with Degen wallet, a next-generation, non-custodial cryptocurrency wallet. With Degen wallet, you get a user-friendly gateway to decentralized finance (DeFi), token swaps, NFTs, and more. Here, a definitive understanding of the Degen wallet and what it offers to users has been presented.
Degen wallet is a hardware wallet that is used to simplify the management of all your digital assets across multiple blockchain networks. You can send and receive tokens and interact with decentralized applications, also known as dApps using Degen. Get all the core crypto tasks streamlined into a single interface which is accessible as well. You also get full control over your private keys and can maintain ownership and custody of your digital assets all the time.
The key highlights of the Degen wallet are as follows:
If you are a beginner, you need to install the Degen wallet on a preferred device or platform first. Once you have launched the wallet, you will get two options, create a new wallet or import an existing wallet.
Follow all the prompts on the screen and create the seed phrase or the recovery phrase. Then write down this phrase and store it in a safe and secure location. This phrase is the only method for recovering your wallet. Finally, set a strong password or PIN that allows secure and quick access to your device.
Use the original seed phrase to import your existing wallet from elsewhere. Your Degen wallet will reflect all your funds and your transaction history once the import is complete.
In a typical Degen wallet dashboard you will find the following: