Brave Launches Browser Based Crypto Wallet

Today, the privacy centered browser Brave launched Brave Wallet a cryptocurrency wallet build into the Brave desktop browser, allowing Brave users to safely store & swap cryptocurrencies and access dapps running on layer 2 solutions or other EVM compatible sidechains like Polygon.

Unlike most crypto wallets which operate via extensions(e.g. metamask), Brave wallet is built into the browser thus offering more security by preventing users from spoofing attacks arising from fake extension wallets. Moreover being browser based offers certain performance advantage due to CPU and memory saving.

In past, funds theft have been reported by many user due to the fake browser extensions. These fake browser extensions emulate famous wallets like metamask, trustwallet etc and steal user's private.

Brave claims that its Brave Wallet works similar to hardware wallets by implementing its own BIP32 hierarchical deterministic wallet.

Brave wallet supports all chain compatible with EVM like Polygon, Avalanche or xDAI. Moreover sending and receiving NFTs on EVM compatible blockchains is also supported. Support for Bitcoin is under development and will be deployed later. Earlier this week, Brave has already announced integration with Solana blockchain in early 2022.

Brave wallet is free to use and available with Brave browser's 1.32 version. It is pertinent to mention that Brave wallet is different from Brave Rewards an opt-in feature that allows brave users to earn BAT token rewards for viewing adds.