Brave Browser Launches Its Own Native Wallet

Privacy-focused browser Brave has launched its built-in crypto wallet, letting its users purchase tokens through Wyre, track portfolio performance, conduct token swaps and even store NFTs. The self-custody wallet will let users hold their private keys, offering greater levels of security.

The crypto wallet requires no extensions and is not only browser-native but can also become a far safer and efficient option for users. Users will also be able to connect with other wallets and Web3 dApps and will soon extend to service Brave’s mobile app as well.

Brave’s native wallet can support all EVM-compatible tokens and could be a game changer after users relied for several years on third-party wallet extensions. The move, which will benefit the browser’s 42 million+ monthly active users is likely to cause quite the impact on MetaMask’s market share, given than it plans take the charge the same fee as MetaMask for token swaps – 0.875%.

The Brave Wallet is open-source, quite like the browser itself, and can offer immense potential in taking on another open-source wallet coming up in the near future – Solana’s Phantom wallet. Keep in mind though that the browser recently announced an important strategic partnership with the high-speed blockchain network, adding support for Solana by early next year.

CTO and Co-founder at Brave, Brian Bondy, observes, “The crypto boom has vaulted blockchain applications into the mainstream, but like any rapidly-growing innovation, this swift rise is not without challenges. One of the hurdles is the crypto wallet industry’s reliance on extensions, which introduces friction for DApp adoption and often leads to users losing funds via fake extension phishing scams”.