Why Non-Custodial Wallets Are Taking Off in 2024 – and Where NOW Wallet Fits In

The numbers say it all: non-custodial crypto wallets are on the rise. In 2023, MetaMask, which is a self-custody wallet, led the charge with 22 million downloads, showing just how much people value having full control over their digital assets. By the middle of 2024, every wallet in the top 10 most downloaded mobile wallets was non-custodial.

Users are drawn to self-custody wallets because they don’t require KYC or sharing personal info with third parties. Plus, after disasters like FTX and billions in lost customer funds, people are avoiding the risks tied to custodial platforms. 

Non-custodial wallets also make crypto more accessible. They let users dive into DeFi, manage NFTs, and handle stablecoins – all from a single app. It’s this mix of convenience and security that’s making non-custodial wallets a big deal. 

Among all the non-custodial wallets popping up, NOW Wallet is also catching people’s attention. Lots of promising buzz, but let’s take a closer look and see if it’s truly all that.

NOW Wallet Brief Lowdown

NOW Wallet, powered by the ChangeNOW instant crypto exchange platform, is a non-custodial wallet where you can store, send, receive, buy, sell, exchange, and stake crypto in a secure app for mobile and desktop. 

Being non-custodial, it ensures users’ private keys and crypto stays theirs. For added security, a password can be set up for app access, and assets can be backed up to ensure their safety. Additionally, there’s no need for registration or KYC to start with crypto-to-crypto transactions, so users can get going instantly, without any trouble or personal info involved. 

NOW Wallet supports 50+ coins and 15,000+ tokens, with fiat purchases in over 60 currencies. Users can also connect to dApps, making it easy to dive into DeFi, NFTs, and more – all from one place.

Clean, Clear and Easy-to-Use Interface

NOW Wallet provides users with the essential tools they need in a simple, intuitive interface. It’s designed to make managing cryptocurrency straightforward, regardless of the user’s level of experience.

From Major Coins to Custom Tokens 

With new token trends in 2024, like meme coins, liquid staking tokens, and Layer 2 rollups, the crypto landscape is shifting fast. From DePIN to prediction markets, there’s a lot to keep an eye on, with tokens and projects constantly evolving. That’s where NOW Wallet comes in.

Offering exchange and storage for big-name coins like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Monero (XMR), NOW Wallet keeps things simple for those who prefer popular choices. But it doesn’t stop there – it also supports thousands of promising smaller-cap tokens such as Worldcoin (WLD), Jupiter (JUP), and Dogwifhat (WIF) so there’s plenty of flexibility for all kinds of users. 

Plus, if a token is not listed in the app but runs on a supported EVM-compatible blockchain or on the Tron blockchain, it can still be added manually.

ChangeNOW Integration 

Thanks to its integration with ChangeNOW, NOW Wallet brings an extra layer of convenience and perks to its users. Buying and selling crypto is seamless, with support for Visa, Mastercard, and even direct bank account transactions – making fiat-to-crypto exchanges just a click away. 

However, users should keep in mind that fiat operations require KYC verification, as NOW Wallet partners with third-party fiat on-ramp providers that mandate identity confirmation before any exchange can be processed.

NOW Wallet users can benefit from years of ChangeNOW’s crypto expertise and innovative features. For instance, they can enjoy almost limitless instant in-app exchanges, including cross-chain swaps. They also gain access to the ChangeNOW Pro cashback program, where every exchange earns rewards starting at 0.1%. These rewards can be saved, withdrawn, or spent however users choose, which only gives each transaction an extra edge. 

But Pro perks go even further, offering features like AML address checks to keep things compliant, unlimited crypto loans for extra flexibility, and private web pages that make receiving crypto simple and secure.

Overall, with NOW Wallet, the ChangeNOW experience gets even better, and vice versa.

Staking Options

NOW Wallet makes staking simple with options for popular coins like Tron (TRX), Binance Coin (BNB), Tezos (XTZ), Cardano (ADA), Solana (SOL), Cosmos (ATOM), and the native NOW Token (NOW). The NOW Token powers everything in the ChangeNOW ecosystem and can be earned as cashback in both ChangeNOW and NOW Wallet. Staking it in the wallet can bring an annual return of up to 6.25%.

The team is constantly adding new ways to use NOW Tokens for both personal and business needs. On top of that, quarterly token burns help reduce the total supply, aiming to increase its value over time. 

Getting Straight to DeFi

DeFi is growing fast, with projections estimating that the global market will hit $418.7 million by the end of 2024. The number of users is also on the rise, with over 53 million users expected in 2025. As more people jump into decentralized finance and Web3, tools like NOW Wallet are perfectly positioned to simplify and streamline the experience.

With WalletConnect, NOW Wallet makes it easy to dive into all kinds of decentralized apps. Just scan a QR code, and the wallet connects right away to networks like Ethereum, BSC, Polygon, and more. This allows users to dive into DeFi, borrow and lend crypto, explore yield farming, and access other decentralized services – no extra steps, no complicated setups. It’s a quick, smooth way to get into everything Web3 has to offer, all from one place.

NFT Storage and Management 

Even though some might think the NFT market is fading, the numbers tell a different story. The market is expected to hit nearly $684 million by the end of this year, with millions of users jumping in. So, it’s a fact that NFTs aren’t going anywhere, and NOW Wallet is right there in the middle of all the action.

NFTs are stored directly on the device, ensuring privacy for both data and funds. Sending and receiving NFTs is quick and easy – just a couple of clicks, even with users on different wallets.

Collecting unique digital art is a smooth experience, with everything securely stored in the app and accessible at any time. NOW Wallet supports NFTs on Ethereum (ERC-721 and ERC-1155) and Solana, with Binance network support coming soon.

Enhanced Control Over ETH Transfers

Users who want more control over their transactions seem to really appreciate one of the NOW Wallet’s advanced settings, the account nonce for ETH transactions. The account nonce is a unique number assigned to each transaction to ensure they are processed in the correct order. This feature is handy for sorting out stuck or pending transactions since it gives users better control over how their Ethereum transactions are handled. By offering such customization, NOW Wallet caters not just to beginners but also to those who appreciate finer control over their crypto interactions.

Cross-Platform Compatibility 

Available on both Google Play and the App Store, NOW Wallet ensures crypto management is always within reach. And for those who prefer a bigger screen, the full-featured desktop version for macOS, Windows, and Linux is perfect. 

The desktop version works hand in hand with the mobile app, keeping everything in sync and secure. Users can sync their wallets across devices using mnemonics, which also make it easy to import existing wallets from services like TrustWallet into NOW Wallet.

Help When It’s Most Needed

Responsive customer support, accessible through a 24/7 live chat within the app, is one of NOW Wallet’s standout features, ensuring users are never left in the dark. From addressing everyday questions to resolving tricky issues like sending tokens to the wrong network, the support team achieves an impressive 99% error resolution rate. Mistakes happen, but with a dedicated team ready to help, those errors don’t have to be the end of the story.

NOW Wallet for Businesses

NOW Wallet isn’t just for personal use but it’s also a great fit for businesses. Whether it’s keeping crypto safe or managing digital assets, NOW Wallet makes it easy and secure for them.

If businesses need to accept crypto deposits, integrating the wallet makes it simple and fast, without any stress. Plus, NOW Wallet knows that no two businesses are the same, which is why they can offer custom solutions that fit just right.

Conclusion 

As technology becomes more user-friendly, non-custodial wallets are expected to grow in popularity for managing digital assets in the decentralized space. NOW Wallet aligns with this trend by offering a straightforward solution. For individuals, it simplifies crypto management with features like storing, swapping, and staking—all in one place. For businesses, NOW Wallet provides an easy-to-set-up option for integrating crypto, ensuring convenience and simplicity for all users.