Cryptocurrency mobile wallet makes a convenience of crypto use in real-life because we can't carry our personal computer everywhere and all are creating their cryptocurrency wallet to get adopted in daily use as a regular payment, but a wallet can be more beneficial if it has some extra features, like staking, extra security layers, assets support, fast transaction, etc. So in this article, we will discuss the Algorand mobile wallet and try to understand how can it add value to its users. Cryptocurrency mobile wallet makes a convenience of crypto use in real-life because we can't carry our personal computer everywhere and all are creating their cryptocurrency wallet to get adopted in daily use as a regular payment, but a wallet can be more beneficial if it has some extra features, like staking, extra security layers, assets support, fast transaction, etc. So in this article, we will discuss the Algorand mobile wallet and try to understand how can it add value to its users.

This is a dedicated article for the Algorand mobile wallet where I will not only explain the features of the Algorand mobile wallet but also give you some examples of real-life benefits or use-case.

• Friendly UI/UX with new account management features:

The Algorand mobile wallet has a classy interface where you can easily find your required settings and data, Algorand wallet gives you the ability to manage multiple accounts without toggling between accounts, any time you can see your USD value by just clicking on a single button, all the rewards you earnings can be seen easily with transparency, gives you the ability to write, receive & view transaction notes and history, It gives you notification upon any transaction or update, and last but not the least if you are a developer then it gives you the ability to switch from main-net to test-net, etc.

Real-life benefits: Because of friendly UI/UX you will not face any conflict situation during payment making, you need not log in and log out multiple times to check the balance of multiple accounts, you need not use an external calculator to know the USD value of your holdings, you can give a secret message to your friend/partner during payment making through a note, not need to download a separate wallet for testing purpose, and speed of Algorand blockchain help you make instant payment after finishing your coffee.

• Rekeying with Ledger Nano X:

This is a unique feature that you can only get in the Algorand wallet where using this feature you can able to change your private key multiple times without changing your public key. Here you need a Ledger Nano X device to accomplish your task, and you can read this tutorial article to know more.

Real-life benefits: When you are holding a huge amount of crypto assets, then it very important to keep them safe from hackers. For example: you accidentlly visit a phishing website, then you instantly need to move your assets from your old wallet to a new wallet which does not only takes time but also takes transaction fees and efforts, and maybe you lose your fund if all your action took time.

So here Rekeying will help you lot you can instantly change your private key upon this kind of attacks or can regularly update your private key to keep safe your form hackers.

• Security with Ledger Nano X Bluetooth integration:

In general, for security, the Algorand wallet gives you the option to add a password and biometric locking system to keep safe your funds but additionally, you can do Ledger Nano X Bluetooth integration to give you one more security layer you can control authentication and authorization from your mobile and provides you a cold storage option for creating and storing private keys offline {Tutorial}.

Real-life benefits: When you are holding a huge amount of coins then you need to keep them safe for the long term and you can't hold them online because it is not safe so here cold storage come into work, and nobody can able use your fund without your authentication and authorization from your mobile. 

• Algorand Standard Assets (ASA) managment:

You may know ASA (Algorand Standard Assets) helps to create your own assets on Algorand blockchain which will carry all the features of Algorand blockchain like you can store these assets in Algorand wallet, it takes 4 seconds to transfer like Algo dose, and its transaction fees also same like Algo which is around 0.005 Algo.

But the main thing you can not only store and transfer assets on Algorand wallet but also you can able to create assets in the Algorand wallet where assets support & integration is free, and it is only a milli Algo for any writing to the blockchain {Tutorials}.

Real-life benefits: Using the ASA management feature you can able to create your own coin without any knowledge of coding, then the coins you are created will represent your brand or you can use these coins to run your loyalty program in your business, and you can use these coins for fundraising like ICO. 

Conclusion: If you see Algorand wallet is not a basic wallet which can only use for payment but using Algorand wallet you can do beyond payment, Algorand wallet also provides lots of ways to secure your funds, and using these multiple security layers you can safely store your coins without any stress.

I just wrote a few examples of real-life benefits of Algorand wallet but you can find huge benefits of Algorand wallet according to your need and from my point of view Algorand trying to creating their services more convenient to end-users.

About author: Jitendra Naik

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