I hope you found my previous post and video on earning SOL tokens using the Sui blockchain helpful. Today, I want to address a couple of questions from Yugocean: "Very good, but…those extension work on mobile? And those platforms are KYC free?"
Let's dive into the answers:
Do Wallet Extensions Work on Mobile?
Great question! Here's the breakdown: Phantom Wallet is primarily a browser extension, but they also have a mobile app available for both iOS and Android. You can download it from the App Store or Google Play Store. The mobile app offers the same functionality as the browser extension, making it convenient to manage your Solana assets on the go.
As for the Sui Wallet, which is the main wallet used for Sui Network, it is also available as a browser extension or mobile wallet.
Other examples of crypto apps working on smartphones without KYC include Trust Wallet, MetaMask, Rainbow, and Zerion:
- Rainbow is a good option for managing your Ethereum assets on your mobile phone. It's known for its user-friendly interface and seamless integration with various DeFi protocols. You can download Rainbow using my referral link to get some rewards: https://www.rainbow.me/points?ref=FURQMN
- Zerion is a comprehensive DeFi interface that supports multiple wallets and blockchains. It's available on both iOS and Android and provides a unified view of your DeFi portfolio. You can download Zerion using my referral link to get some rewards: https://link.zerion.io/referral?code=NXN0TMGBN
Are These Wallet & Platforms KYC Free?
When it comes to KYC (Know Your Customer) requirements, here's what you need to know: Phantom Wallet, Sui Wallet, Rainbow and Zerion are all non-custodial wallets, which means you have full control over your private keys and funds. As such, they do not require KYC. You can create and use these wallets without providing any personal information.
The platforms mentioned in my previous post, like Cetus and Suilend on Sui Network, are decentralized finance (DeFi) platforms built on the blockchain. These DeFi platforms do not require KYC because they operate on smart contracts and do not hold your funds. You interact directly with the blockchain, maintaining your privacy. However, it's important to note that if you're transferring funds from a centralized exchange like Binance, you will have gone through KYC on that platform. But once your funds are in your non-custodial wallet, you can interact with DeFi platforms without additional KYC requirements.
If you have more questions or need further clarification, feel free to ask in the comments. I'm here to help!
Thanks for your interest, and happy earning!
Disclaimer: This is not financial advice. Always do your own research and invest at your own risk.
Stay safe and keep exploring the exciting world of crypto!