Keeping your crypto on an exchange means you have no true ownership or control over it. If the exchange files for bankruptcy, pauses withdrawals, or the government steps in, you lose access to your funds. You require nobody’s permission to manage crypto in an NFID Vault.
If you misplace or lose a traditional wallet, or someone gets access to your recovery phrase, your funds are susceptible to a full and unrecoverable withdrawal. Configure your NFID Vault with multi-factor security for withdrawals and other transactions.
Bitcoin, Ethereum, and other networks have proven that the future of global finance is multi-chain. NFID Vaults is the only smart wallet capable of storing crypto across all of the world’s next-generation blockchain networks.
If you have crypto in a traditional wallet, like Ledger, and are uncomfortable with their centralized recovery process (or lack of any recovery method), create a permissionless recovery plan with your existing wallets in an NFID Vault.
Set up your vault and pay smart contract fees in ICP. Your NFID Vault is a smart contract only you control.
Learn more about smart contracts and their fees.Configure an approval threshold of trusted wallets and store them in locations only you know about.
Learn more about wallet setup recommendations.Deposit your assets and rest assured knowing they can’t be moved without reaching the predefined approval threshold.
Learn more about transaction approvals.