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Web3 - basics and frequently asked questions
Web3 - basics and frequently asked questions
Kriptomat Support Team avatar
Written by Kriptomat Support Team
Updated over a week ago

Welcome to the Kriptomat Web3 Wallet, the simple way to access the Web3 world. You’ll trade NFTs, run decentralized apps, and stake your claim in the metaverse with ease. We've handpicked the most exciting options and listed them here.

You might have a few questions about Web3, so we gathered our team of Web3 enthusiasts and experts and came up with some most common questions and answers to them.

So let’s dive in. 🧑‍🚀 🎉 📱

What is the Kriptomat Web3 wallet?

It is a wallet that allows you to interact with decentralized applications (dApps) on the blockchain, without needing to leave your main Kriptomat wallet.

It is like an “all-in-one” solution for you that gives you access to fully decentralized Web3, through your regular Kriptomat wallet, without the need to create, manage and pay for a separate Web3 wallet.

What are dApps?

Decentralized applications are games, DeFi programs, NFT marketplaces, and thousands of cutting-edge apps that work with cryptocurrency, NFTs, and blockchain data. They’re the key to making your place in the emerging Web3 world. And with Kriptomat Web3 Wallet, they’re just a click away.

How does a Kriptomat Web3 wallet work?

Kriptomat Web3 wallet is a part of your Kriptomat account, which works as a “doorway” to the Web3 world for you.

By combining the immaculate level of security and “user-friendly” interface, that Kriptomat is known for, with the cutting-edge technology that Web3 world offers, we are able to offer our customers, a simple solution to get access to Web3.

Web3 wallet is integrated into your Kriptomat account, so no additional registration or App download is required. You just need to download our mobile app, if you don’t have it by now, and dive into the world of Web3.

As we like to say: “Crypto but simple”.

What is the difference between Web2 and Web3?

Web2, or the current version of the internet, is centralized and relies on centralized intermediaries to facilitate transactions and interactions. Web3, on the other hand, is decentralized and uses blockchain technology to enable peer-to-peer interactions without relying on centralized intermediaries.

Is there an additional fee for owning a Web3 wallet?

No.

Web3 Wallet is a part of your Kriptomat account and there is no fee for owning or maintaining yoru Web3 wallet with us.

You only pay a nominal network fee for transferring Crypto from your regular Kriptomat wallet to the Web3 one.

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Questions? Use the support chat to contact our support team or send us an email: [email protected]

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