Launched in November 2022, RockWallet combines the open-source code of the successful Breadwallet (BRD) with FinCEN registration, making for a regulatory compliant, self-custodial, multi-asset cryptocurrency wallet.
The RockWallet is available for iOS and Android and allows users to buy, sell, store, and trade a variety of digital assets across multiple blockchains.
What Makes RockWallet Different?
RockWallet has taken the open-source code of BRD, a successful multi-asset wallet that has been around since 2014, and created their own wallet. RockWallet is registered as a Money Services Business (MSB) with FinCEN. This gives US users a solid self-custodial wallet choice that they can store and also buy, sell, and swap crypto through. Self-custodial means that only you are in control of your assets.
It’s easy to create a RockWallet in just a few steps. You don’t need to verify your identity unless you’re looking to buy crypto through RockWallet, with the verification process being quick and seamless. Once you’re verified you can use a debit or credit card to buy a wide selection of crypto assets and have them deposited directly to your RockWallet.
Conveniently swap your RockWallet assets for any other supported asset from directly within the app. Enable fingerprint or Face ID for further security of the app. ACH is coming soon to the app which will make it even more convenient for US users.
Currently, RockWallet supports sending, storing, and receiving these crypto assets: BAT, BCH, BSV, BTC, LINK, ETH, LRC, XRP, SHIB, USDT, USDC, and ZRX, with more on the way. If looking to swap, your options are: BCH, BSV, BTC, ETH, SHIB, USDT, and USDC.
A Unique Multi-Asset Wallet With Exchange Utility
In short, here are some of the features that set RockWallet apart from competing wallets:
•Buy, sell, swap, store, and receive a variety of cryptocurrencies
•MSB registered business with FinCEN
•Purchase digital assets using a debit or credit card
•Biometric security available
Combining Self-Custody with Buying, Selling and Trading
RockWallet was launched in November 2022 by RockWallet LLC. Their vision is to allow anyone to access and enjoy the growing digital economy. It’s their mission to help you make the most of the opportunities available. They do this by building products that empower you to navigate the cryptocurrency sector and invest easily, securely, and with confidence.
COO Steve Bailey had this to say about RockWallet:
“We’re excited about RockWallet, which offers all the amazing security and self-custody features of the BRD open-source platform. Our goal is to build products that empower people to navigate and access the digital asset economy, easily and securely. RockWallet is a brilliant gateway into the market because it is incredibly easy to set up and use. RockWallet supports storing, sending, and receiving BSV, BTC, USDC, ETH, BCH, SHIB, BAT, LINK, LRC, XRP, USDT, and ZRX tokens. Stay tuned for additional product feature releases.”
It’s likely that 2023 will go down in history as one with the most market changes. Products like RockWallet are attempting to bring some of the utility of exchanges to self-custodial wallets where you get to keep your own keys. It likely won’t be the first product that attempts to combine security and utility in such a manner but it’s a good signal as to where the industry is going.