If you hold cryptocurrency, you’ll need to choose a wallet to safeguard your digital assets. Unlike a regular wallet, a crypto wallet allows you to access your funds on the blockchain and perform transactions. There are generally two types of crypto wallets: custodial and non-custodial.
Custodial wallet services, such as those offered by crypto exchanges like Coinbase, involve a third party having control over your private keys. In contrast, with a non-custodial wallet like the Roam Wallet, the user is the only one with access to their private keys, providing complete control over their assets.
Roam is a decentralized global WiFi network that aims to offer seamless connectivity across millions of WiFi spots through a single app. Roam also offers a non-custodial wallet designed to give users full control and high security over their assets.
Why Choose the Roam Wallet?
1. Superior Security
One of the biggest advantages of using the Roam wallet is its exceptional security. With a custodial wallet, your asset security relies on the third-party service’s defenses. In contrast, with a non-custodial wallet, you are the only one who controls and has access to your private keys, which reduces the risk of hacking and unauthorized access. In addition, if the exchange is hacked, your funds won’t be impacted. This is why 66.5% of crypto holders are now using non-custodial wallets to store their assets.
2. Complete Control
The Roam non-custodial wallet gives you complete control of your assets. Unlike custodial wallets, you don’t need third-party confirmation to perform transactions. You have the freedom to decide how and when to move your crypto, making the process more efficient and enabling instant withdrawals.
3. Enhanced Privacy
In an era of frequent data breaches and privacy invasions, controlling your financial information is crucial. Non-custodial wallets like Roam do not require you to share personal information with third parties. This means your transactions and asset holdings remain confidential and known only to you.
4. Cost Efficiency
Using a non-custodial wallet can also save you money. Custodial services often charge fees for managing your assets, processing transactions, and providing additional services. With Roam, you manage your transactions directly, avoiding these fees.
5. Support for Decentralization
Blockchain technology and cryptocurrencies are designed to operate without central authorities, and non-custodial wallets are a key part of that. By maintaining control over your assets, you contribute to a more decentralized and resilient financial ecosystem.
6. User-Friendly Experience
The Roam wallet features a user-friendly interface that makes managing your assets simple, even for newcomers to cryptocurrencies. With easy backup and recovery options, straightforward transaction processes, and a clean, accessible design, managing your digital assets is effortless. Setting up a new wallet is quick and simple, requiring no KYC or AML.
How to create a Roam Wallet?
Step 1: Download the App and Sign up
The app is available on both iOS and Android. Simply follow the on-screen instructions to install the app and and create an account: https://weroam.xyz/join_us.html
Step 2: Create or Import Wallet:
Tap on the Wallet option within the app to either create a new wallet or import an existing one.
Step 3: Back Up Your Wallet:
During the setup process, the app will provide you with a mnemonic phrase. This phrase is crucial for recovering your wallet in case you lose access to your account. Make sure you save it in a secured place and do not share it with anyone.
Step 4: Enjoy Using the Wallet
With your Roam Wallet set up and backed up, you’re ready to start managing your digital assets. You can now start exploring the diverse features provided by the Roam Wallet.
The Roam wallet offers a solution for those looking to manage their digital assets effectively. With all the advantages of being a non-custodial wallet, the Roam wallet is a standout choice for cryptocurrency management. So let’s take charge of your crypto wallet and experience the freedom and security that Roam offers.
