Making Web3 Wallet Secure and Accessible for Everyone with NexeraID Smart Wallet
By offering features such as easy login, self-custody, and easy recovery process, NexeraID aims to provide a simple and secure solution to the challenges that users face in managing their digital assets.
Many users are still hesitant to manage their assets using digital wallets because of the perceived complexity and lack of security:
- Traditional cryptocurrency wallets can be difficult to use and manage, causing many potential users to avoid them altogether.
- At the same time, custodial wallets require users to trust a third-party to hold their assets, creating a potential security risk.
- The fear of losing their identifiers (private key or recovery seed) or being hacked can result in a stressful and frustrating experience for wallet owners, as they can lose all their data and the associated assets.
- With NexeraID’s easy login feature, users can access their smart wallet using a variety of methods, including social accounts, phone numbers, and other wallets. This convenience and simplicity can help maximize adoption of the wallet among a broader range of users.
- NexeraID’s self-custodial feature ensures increased security and full users ownership and management of the assets. With this feature, users can have complete control over their assets without relying on a third-party custodian.
- NexeraID’s easy recovery process in case of identity loss reduces the mental load on users by allowing them to create their own recovery rules. This process is similar to having a “lost your password?” link but with added security and user-defined recovery options. Users can even retrieve their identity in the case of suffering an attack by a hacker.
By offering easy login, self-custodial security, and an easy recovery process, NexeraID Smart Wallet makes asset management accessible to everyone, from busy professionals to casual users.
As more users discover NexeraID’s features, wallet adoption is expected to increase, providing a more secure and convenient way to manage digital assets.
NexeraID is a self-sovereign identity issuance and verification platform that empowers companies to seamlessly onboard users to Web3 using self-custodial or custodial wallets and streamline complex compliance workflows while safeguarding users’ identity and assets.