imToken Wallet | Official Site
The imToken wallet is an open-source multi-crypto wallet combined with an in-app marketplace Dapp section and much more. The wallet has already served over 12 million users and keeps growing every day. On top of that, they supported 150+ countries and regions and exchanged 500B+ of crypto.
imToken was made for users to be self-sovereign and in control of their assets. So that they can have their own privacy and open finance. imToken lets value flow freely, making wealth untouchable for its users. Check out the imToken website here.Introduction to imToken
So after you have downloaded the imToken wallet app. You can choose to either create a new wallet or import your own wallet. If you choose a new wallet you will have to save your 12-word phrase (AKA your backup phrase). But if you already have a wallet you can fill in your existing 12-word phrase. After that, the wallet will open and you get a small introduction of how the wallet works. This is great as beginners may not completely understand crypto wallets from the start.
Design
After having followed the mini wallet tutorial, we can go and explore the wallet for ourselves. The wallet brings us to the wallet page first so we will start there. Like you can see in the pictures the wallet page has a bottom menu to go through other pages. But also a select different blockchain and a scan button at the top. These you can of course use to switch between blockchains and scan QR codes when you want.
In the middle of this same screen, we find your assets on Ethereum or any other blockchain. But also a little plus that lets you add manual tokens, by either selecting them or with their token contract address. Then next to tokens we find the Defi and NFT tabs. Here you can see all your Defi-related things and see your NFT’s.
On the next tab, the Market tab. We find options to stake your crypto tokens for a nice yield. But also a crypto swap feature and a market feature with a watchlist and prices. And then there is the browser tab. Here you can browse between all existing Dapps by using the imToken Dapp browser. Just simply search for a Dapp by their name or their website URL.
And last but not least, there is the “my profile tab” with settings, support, and all the other stuff you would expect to be there. Because this is exactly as you would expect a great wallet would make it, we will not go much into this tab.
Storage and Private Keys in imToken
The imToken wallet works as a non-custodial wallet. What non-custodial means is that the private keys are stored on your device. So this essentially means that only you have access to the funds in the wallet. Because of this, the responsibility lays completely with you. So imToken can not give you your crypto back if you lose your wallet and your backup code. Because of this, it is super important that you create a backup code for your wallet (12-word phrase). When you have written this down make sure that you hide the code well where only you can find it. Because that code is the access code to your wallet. So anyone with it can access your wallet.
imToken Fees
So what are the fees that you have to pay to use the imToken wallet? Well, almost non. It does not cost you anything to use the wallet. But only the trading features within the wallet charge you a 0.3% transaction fee. Besides, that sending receiving coins and tokens comes completely for free. So you don’t have to worry about having to buy a crypto wallet. This way the imToken wallet can be available for all crypto users. Whether you have a lot of funds or if you are just starting out with a couple of bugs.