Europe embarks on its digital future with the introduction of a decentralized finance (DeFi) wallet by Bitpanda, aiming to drive on-chain developments.
Bitpanda, the leading European crypto platform based in Vienna, has announced the launch of its new product, the Bitpanda DeFi Wallet. This latest addition to Bitpanda's Web3 suite is designed to cater to the needs of the next 10 million users, focusing on clarity, compliance, and control.
A Secure and Integrated DeFi Experience
The Bitpanda DeFi Wallet offers a user-friendly, secure, and integrated DeFi experience. It bridges the gap between Web2 users and Web3, supporting trading, earning, and managing assets on multiple blockchain networks. At launch, the wallet supports over 5,000 tokens and multiple chains, including Ethereum, Solana, Polygon, BNB Chain, Avalanche, Optimism, Base, and Arbitrum.
Non-Custodial Design and Seamless Integration
The wallet is a non-custodial blockchain application, meaning users hold their private keys and maintain full control of their funds without intermediaries. It is fully integrated into the existing Bitpanda ecosystem, allowing users to move assets between their Bitpanda account and their DeFi Wallet easily.
Smart Routing Technology and Recovery Options
The wallet features smart routing technology that finds the best on-chain prices for one-click token swaps, eliminating manual input and optimizing trade rates. It also offers Bitpanda Backup, an optional encrypted seed phrase backup system that splits and stores parts securely to reduce the risk of lost access while maintaining user control.
Curated DeFi Yield Pools and Loyalty Programme
The Bitpanda DeFi Wallet also includes curated DeFi yield pools, powered by a partnership with Kiln, enabling users to earn on stablecoins and popular tokens directly from the wallet. In addition, Bitpanda will launch a Web3-native loyalty programme in the coming weeks, powered by the Vision (VSN) token. The Vision token will serve as a multiplier, with more VSN staked resulting in more points earned for each action. Users will be able to earn points by completing simple on-chain quests, and their rank will influence their rewards.
Regulatory Compliance and Long-Term Strategy
Bitpanda holds licenses in several countries and has a proven track record of working with local regulators to keep assets safe and secure. The Bitpanda DeFi Wallet is offered by Bitpanda Web3 FZCO, a member within the Bitpanda Group. However, it is important to note that Bitpanda Web3 FZCO is not authorized to provide any regulated services in any jurisdictions.
Building Infrastructure for Real Digital Ownership
Bitpanda Web3 is not about chasing hype, but building infrastructure for real, usable, and trusted digital ownership. As part of its long-term strategy to provide tools for financial freedom, Bitpanda continues to expand its Web3 offerings, making decentralized finance more accessible to millions of users.
[1] Bitpanda Blog: Introducing Bitpanda DeFi Wallet [2] Bitpanda Blog: Bitpanda Web3 Wallet - A New Era of Digital Ownership [3] Bitpanda Blog: Bitpanda DeFi Wallet: A First Look [4] Bitpanda Blog: Bitpanda DeFi Wallet: The Future of Decentralized Finance [5] Bitpanda Blog: Bitpanda DeFi Wallet: Simplifying DeFi for the Masses
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