What is Argent?
Argent is a digital wallet that is used to store cryptocurrencies and provides some attractive benefits to prospective platform users. Argent, which was launched in 2020 by Itamar Lesuisse, is only available on the Ethereum blockchain. One advantage of the wallet is its simple user interface. Argent appeals to a large audience seeking a simple and secure wallet, despite the fact that it is incompatible with other blockchains. A variety of advanced features have also distinguished this wallet for experienced users who are much more familiar with it.
Users can use the Argent wallet to store their Ethereum blockchain tokens. Argent is also an open-source project, so interested developers can create their own version of the wallet or view its source code. The Argent wallet has a plethora of DeFi features (decentralized finance). It's important to remember that Argent is a non-custodial wallet, which means that because the users keep the private keys, their assets are always under their control, and only the users have access to their wallets.
Argent introduces Guardians, which allow wallet owners to delegate trusted devices or individuals to recover their funds without requiring a private key or seed phrase. So, if you ever misplace your phone, you can simply request access from your Guardians and recover your funds if majority approval is granted. It is critical to note that Argent Guardians never have access to your private keys.
Argent, like traditional banks, lets you set daily limits and withdrawals on your account. As a result, if your wallet is ever compromised, the attacker's ability to withdraw the entirety of your holdings is greatly reduced.
Argent offers free sign-ups for human-readable addresses by integrating with Ethereum Name Services (ENS). This feature, which mimics a Venmo transaction, greatly reduces any confusion when sending and receiving any digital assets.
Argent also provides users with free transactions as a bonus through the addition of meta transactions. Users no longer need to keep ETH in their wallets in order to transact with their favorite ERC-20 tokens, such as Dai.
Argent has excellent wallet security and also offers biometric access. Users of the platform can also earn interest on their assets by using DeFi protocols such as Aave, Compound, and Yearn, among others.
What problem does Argent solve?
Argent is a non-custodial wallet, which means, only you can access your assets
Argent provides a wallet with multi-signature security and social recovery which removes the issue of writing long seed phrases to create and secure your wallet. This means you enjoy peace of mind with your asset as Argent helps to protect your assets from theft and loss by ensuring that;
All transactions are automatically blocked unless they're to an address you trust or you approve them with multi-factor authentication.
You never need a seed phrase. This eliminates the single point of failure that undermines traditional self-custody wallets, including hardware wallets.
Who uses the Argent wallet?
The argent wallet is readily available for all cryptocurrency users for staking, and storing assets and easy interaction with Dapps.
What can Argent be used for?
The Argent wallet is available for users and can be used in a variety of ways, aside from storing and sending cryptocurrency. Users can do multiple things;
Buying cryptocurrency: Users can access over 240 different Ethereum-based tokens on their Argent wallet with fiat currency using several ways of funding which include bank transfer, Apple Pay, from another wallet you own, and more.
- Earn interest: With argent, users can earn interest by saving, staking and borrowing cryptocurrency. It also provides a decentralized application including MakerDAO, Compound, Set Protocol, Uniswap, Pool Together and more.
- Exchange cryptocurrency: Argent has a built-in decentralized exchange that can be used to cross-chain swapping with a low transaction fee.
- Stablecoin and NFT support: argent also allows users to store stable coins and also manage NFTs.
How to get started with Argent?
Argent is available to download on iOS and Android devices for free, click on create an account after you've downloaded the Argent wallet app and your account will be automatically created, and also the Argent X which is a browser extension is available on Chrome and Firefox.