ImToken (Wallet Review) - World's Largest Ethereum Digital Asset Wallet

in #blog5 years ago (edited)

The need to have a secure and user friendly wallet, have been overlooked by many newbies in the cryptocurrency world. That has led to series of stolen tokens/coins. It is not nice to get your tokens/coins stolen, after all your hard work, discipline and sacrifice. It's very sad and a good number of people have experienced this. When I was a newbie to the cryptocurrency world back then, I asked around and did my research on which crypto wallet is safe and also user friendly. I arrived at a Crypto Wallet called ImToken. I will be giving my honest review about this awesome wallet that currently sits at number 21 on the StateOfTheDApp wallet category rankings. I highly recommend you find somewhere quiet to read through this informative and interesting review of the ImToken wallet, that I made just for you.


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About ImToken Wallet


ImToken is the world's largest Ethereum digital asset wallet. 10% of the entire Ethereum transactions in the world, are carried out by users of ImToken Wallet. ImToken is one of the world's most popular cryptocurrency wallets. Why? A whole lot of people choose this wallet because it has one of the most easiest and simplest user interface and it ensures total security of your digital assets. Since its inception, there has been no incidence of cyber hack or stolen wallets and that has been a major factor why I and so many others chose this wallet.


ImToken Wallet is a mobile application built by ConsenLabs to store and manage crypto tokens/coins. It has one of the simplest user interface among all crypto wallets. It is highly recommended for newbies in the Cryptocurrency world.


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Updated ImToken Wallet 2.0


ImToken Wallet was strictly an Ethereum wallet. With the adoption and usage of the mobile application by millions of users worldwide, there was the need for the Wallet to support not only Ethereum tokens/coins but also BTC, COSMOS and EOS tokens/coins. But that was not the only reason for the upgrade. Let me give you guys three of the most important features added to the updated version of ImToken Wallet.


Token Swap

Yea, we have all by there(most of us), where you have to transfer your crypto tokens/coins to an exchange platform just because you want to swap from one token/coin to another. Apart from the time wasted, you are also going to incur some transaction fees, which can be very annoying. All these issues can be eliminated with the ImToken Wallet 2.0. This wallet offers a one click token swap option - Instant Exchange Option. Just choose your desired pairing tokens, select amount, click and boom!!! Your tokens are swapped instantly.


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Discover DApps

Most of us just hodl our tokens in our wallets waiting for moon(🌒), smiles. What if you can play interesting DApps games, where you have fun and earn extra tokens. Sounds interesting, right? With ImToken Wallet, you are offered a chance to discover awesome DApps and earn extra tokens. There are Ethereum based games and other cool Decentralised Applications, such as Hyperdragons, Decentralands, Coinswitch, Maker and many more. And also EOS based games and Decentralised Applications, such as, Chintai, MonKit and many more.


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Hardware Wallets

Lastly, the ImToken Wallet 2.0 supports mainstream hardware wallets, imKey, Ledger, CoolWallet and many more.


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ImToken Wallet is really remarkable and is doing it's best to be the best mobile application in the world.


Practical Tutorial On How To Set Up Your ImToken Wallet.


After seeing those awesome features, I know most of you want to start using the ImToken Wallet immediately. Without wasting any much time, let's get started.


First thing first, you will have to install the ImToken Wallet, by clicking here for Android users and here for IOS users. After you have downloaded and installed it.


Open the application, you will be asked if you want to create identity, meaning, create a new Imtoken account. Or if you want to recover identity, meaning, if you want to import an account. You should click on Create Identity. ImToken wallet supports multiple languages, you can choose the language of your choice, by clicking on English which is located at the bottom right corner of the page.


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After clicking on Create Identity, you will get a pop-up stating ImToken's terms of service. Click on the circle icon, indicating that you accept their terms of service and then click on Continue.


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After you have clicked on Continue, you will be asked to create a name for your account, set a password and a set hint to recover your password. After naming your account, setting a password and hint to the password, click on Continue.


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After you have clicked on Continue, you will get a warning, telling you to backup your mnemonic keys. When you click on continue, you will get a pop-up warning you not to screenshot your mnemonic keys. Click on Understand.

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After you have clicked on Understand, you will see your mnemonic keys. Write it down somewhere safe, because if you lose it, you will be unable to recover your account. When you are done storing/writing down your mnemonic keys, click on Next. After you have clicked on Next, you will be asked to confirm your mnemonic keys. Select your mnemonic keys in the correct order and then click Done.


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Congrats, you have created your ImToken Wallet.


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My Experience


I had to uninstall my main ImToken Wallet, to create a tutorial on how to set up your ImToken wallet. So let's head straight to my ImToken Wallet, although I won't be showing balances(hehehe).


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I really like using ImToken, its very easy & simple to use and at the same time very secure. Here are some of my transactions. To get there, you will have to click on Profile and then Notification


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I'm a lover of games. I use the ImToken to play my Hyperdragons (you can check the review I made on this awesome crypto game, here). If you want to play DApps games or use some DApps, you can do it easily on ImToken by clicking on Browser. Let me give you glimpse of the procedures I follow when I want to play Hyperdragons using ImToken.


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As soon as you click on Browser, you will see so many varieties of DApps. I either click on recent or use the search bar.


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As soon as you click on the game, you will be asked to grant access of your ImToken Wallet address, so that, you can purchase items within the game easily.


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Voila, you can begin to play Hyperdragons on ImToken Wallet. It's a super cool feature of this amazing wallet, which I personally love so much.


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Conclusion

ImToken is the World's largest Ethereum digital asset wallet, I guess now you know why. Millions of people make use of ImToken because of how safe, secure and easy it's user interface is. That was before the update of the Version 2.0, that now supports BTC, EOS & COSMOS wallet, plus some added amazing features, such as; token swap option, browser option, hardware wallets and more fantastic features. With these additions there is no doubt that ImToken will soon become the largest digital asset wallet in the world.


I rate the ImToken Wallet a massive 4.9 out of 5.


Thanks for reading through, I hope you found the article informative and interesting.


Till Next Time, Stay Safe & Secure Your Cryptocurrencies on ImToken Wallet.


Useful Links

Website | Github | Twitter | Reddit | Medium | Android Version | IOS Version.



Disclaimer: This is not a financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.

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