With the latest offering, Brave users will be able to import their existing wallets from MetaMask or hardware wallets such as Trezor or Ledger. “The Brave Wallet requires no extensions and is instead browser-native, removing key performance and security concerns while preserving the core features of popular crypto wallets.
By emulating popular wallets like MetaMask, hackers can trick users into entering their private keys.Įxplaining the features of native browser wallet, Brian Bondy, CTO and co-founder of Brave, said: In the past, users have reported losing funds to hackers through fake web extensions.
Brave claims that users of Web3 wallets used primarily as browser extensions may be more susceptible to thefts and other attacks. In the press release, Brave said a native crypto wallet will be useful in overcoming security and performance issues that are usually associated with browser extensions. While most Web3 wallets are offered via extensions, Brave Wallet can be used directly within the browser and bypasses the need to download extensions.īrave’s built-in wallet will compete with popular Web3 wallets, including MetaMask, Trust Wallet, and Wallet Connect. In a Tuesday press release, the team announced Brave Wallet will allow 40 million+ users to exchange assets and access decentralized apps (dApps) hosted on Ethereum Layer 2 solutions and other EVM-compatible sidechains like Polygon and xDai. The latest update to Brave Browser (version 1.32) now offers a native wallet for the Ethereum ecosystem.
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