Recently, while chatting with friends, I found that many people are still using traditional exchange wallets to store cryptocurrencies. "Isn't that just like putting cash in a bank?" I couldn't help but retort. The other person looked confused—many people actually haven't considered that in the world of blockchain, we have much better options.
Imagine this scenario: the Bitcoin you worked hard to save suddenly disappears because the exchange runs away, or the platform suddenly freezes your account and demands identity verification. Such incidents are no longer news in the community. Last year, when a major exchange collapsed, a friend of mine lost nearly a million and is still in a lawsuit over it. If this happened with a decentralized wallet, it would be impossible.
The most direct benefit of a decentralized wallet is that your assets truly belong to you. There are no intermediaries, and you don't have to worry about the platform's whims. Your private key is in your hands, just like carrying cash in your own pocket. When I first started using MetaMask, I wasn't used to it and always felt that keeping it on Binance was safer. Later, I realized that thinking it's safer to keep money at someone else's house than in your own is absurd.
Now, let's talk about the user experience. Today's Web3 wallets are no longer the difficult-to-use tools they used to be. Wallets like Rainbow operate as smoothly as regular apps. Just last week, my mother-in-law asked me to teach her how to use Trust Wallet to buy NFTs, and a person in their sixties learned it in ten minutes. When transferring, it directly shows the recipient's ENS domain name, so you no longer have to worry about sending to that long string of addresses incorrectly.
More importantly, there are so many things you can do with a decentralized wallet. A couple of days ago, I wanted to participate in an early subscription for an NFT project, but I found out that they only support direct wallet interactions. Those who still rely on centralized exchanges can't even get a ticket to enter. DeFi mining, DAO voting, on-chain identity verification—the excitement of the Web3 world all starts with having your own wallet.
Security might be the biggest concern for many people. To be honest, I was also afraid of losing my private key at first. But then I realized it's like learning to ride a bike; after falling a couple of times, you get the hang of it. Today's mnemonic phrases and multi-signature solutions are quite mature. I know a girl born in the 2000s who tattooed her mnemonic phrase on her back (though I don't recommend doing that), but her awareness of security is indeed on point.
Ultimately, the difference between using a decentralized wallet and not using one is like the difference between renting and buying a house. One is a temporary place to stay, while the other is a home that truly belongs to you. When you suddenly want to execute a contract at three in the morning or discover an excellent airdrop opportunity, you'll be grateful that you made this decision. After all, in the Web3 world, your own wallet is the first ticket to freedom. (Source: https://www.fangyidian.com/13909.html)
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