What is the difference between the web3 wallet and the normal wallet?

[Stardom22]

For me l think that the normal and the web 3 wallet are similar. However there is a slightly difference on the features and functions for the same. What do you think?

 

[Suba]

Web3 wallets and regular wallets have fundamental differences Web3 wallets are designed to be able to access DeFi and DEX openly and transparently. while normal crypto wallets are only for managing, both storing, sending and receiving crypto, in general Web3 wallets also have additional features such as Cloud backup and Web3 firewall.

 

[Stardom22]

It's my hopes that the web 3 wallets can also receive coins for sure. I have some coins somewhere that l would like to transfer to a web3 wallet.

 

[Suba]

Of course, web3 wallets can also receive, send and store crypto, some famous web3 wallets are Argent, Zengo, Metamask, Trust wallet, Phantom etc.

 

[magnus2022]

There is difference but it is minor and less significant. Most web 3 wallet seems to be more secured and can be used for doing most of web3 services like staking, Nfts, etc. Most exchange will prefer web3 wallets because it is very difficult for hackers to hack it.