Brave Wallet Review

To dive into the Web3 world, you need a secure and reliable wallet. In my quest for a trustworthy solution, I've stumbled upon the Brave Wallet, an integral part of the Brave ecosystem. So, in this Brave Wallet review, I'll uncover its innovative features and enhanced security measures.

Though, competing with popular crypto wallets like Ledger Nano X, Coinbase Wallet, or Zengo, is surely not an easy task. So, to shed light on the Brave Wallet's potential as a go-to wallet for crypto enthusiasts, I'll look into what it does well, where it should improve, and how easy it is to use.

Verdict at a glance: The Brave Wallet is a free non-custodial wallet that allows you to store, swap, sell, and buy crypto. Since it's integrated within the privacy-centric Brave browser, it's an inseparable part of a much bigger Brave ecosystem. Though, the fact that it's exclusive to the Brave browser can also be a limitation. Nonetheless, for those seeking enhanced security and privacy-centric browsing, the Brave Wallet stands as a commendable option.

What is the Brave Wallet?

To start off this Brave Wallet review, let's answer the core question – what is Brave Wallet?

The Brave Wallet acts as a personal safe inside the Brave browser, offering a secure space for your cryptocurrencies and easy access to Web3 – an advanced internet level for crypto-related activities. It's a relatively new wallet that was launched in 2021.

Picture a hidden compartment right in your browser, safeguarding your digital coins. That's the essence of the Brave Wallet. It allows you to buy, store, swap, and monitor your tokens without requiring additional browser add-ons. Its integration ensures a smoother and more secure experience.

As a self-custody (or non-custodial) wallet, Brave Wallet offers you full control. In other words, you have exclusive authority over your assets, and no one else can interfere. Moreover, it's not confined to a single device – you can use it on both your computer and phone.

The Brave team elevated the game by directly embedding this wallet into the browser. At first, they drew inspiration from MetaMask but then sought to engineer a faster, more secure, and seamless wallet tailored for the Brave browser. In fact, the Brave Wallet initially was created as a fork of the MetaMask wallet.

By the way, beyond just securing your coins, the Brave Wallet collaborates seamlessly with hardware wallets like Ledger Nano X, offering additional layers of security. Moreover, it facilitates the sending and receiving of NFTs, adding to its versatility.

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Brave Wallet Review: PROS

While I've briefly mentioned the key points, let's now dive further into my Brave Wallet review and analyze the main pros of using this wallet, exploring the enhanced security measures and innovative features that set it apart from the rest.

Multi-Functional Web3 Wallet

In the world of crypto wallets, the Brave Wallet stands out for its array of features catering to both beginners and seasoned crypto enthusiasts who want to be a part of the Web3 space.

One of its key highlights is Brave Swaps, which is always mentioned in Brave Wallet reviews.

What exactly is Brave Swaps? Well, it's the nifty feature that allows you to swap one cryptocurrency for another directly within the Brave Wallet. It supports Ethereum, EVM chains, Solana, SPL chains, and Filecoin. This process happens on decentralized exchanges, utilizing 0x and Jupiter as aggregators to scout for the best exchange rates across various decentralized platforms.

Moreover, if you're a fan of decentralized apps (dApps), the Brave Wallet has got you covered, too. You can connect seamlessly to dApps on Ethereum, EVM-compatible chains, and the Solana network.

But the features don't stop there. You can also buy a variety of cryptocurrencies right in your Brave Wallet and pay for them via credit card, bank transfer, or other payment methods.

By the way, in the past, the Brave Wallet didn't support Bitcoin. However, with the Brave update that took place in February 2024, a new functionality was introduced – the possibility of creating native SegWit Bitcoin accounts, hence allowing users to store BTC in their Brave Wallets.

It's also worth noting that the Brave Wallet has a CoinGecko integration, which provides users with up-to-date data about crypto assets and their market performance.

In essence, the Brave Wallet isn’t just a regular crypto wallet; it’s a robust, user-friendly tool that elevates your crypto experience, offering a multitude of functionalities tailored to suit your diverse needs.

Based on the Privacy-Centered Brave Browser

The Brave Wallet is seamlessly integrated into the Brave browser, requiring just a simple switch-on to activate its protective features. Because of that, the Brave browser also needs to be taken into consideration in any Brave Wallet review.

In terms of safety, Brave stands tall among web browsers (naturally, the Brave Wallet inherits the strict privacy and security features of Brave). It has a built-in ad and tracker blocker, shielding you from invasive trackers and third-party data storage. Moreover, it fortifies your browsing experience by fending off browser fingerprinting and ensuring secure HTTPS connections across web pages.

Built on the open-source Chromium Web core, it undergoes scrutiny by numerous security experts, making it not just safe but potentially safer than most other browsers.

Comparing Brave to Chrome unveils its swiftness. Three times faster than Google Chrome, Brave lightens the load on web pages by default-blocking privacy-invading ads and trackers. This results in quicker page loads, saving time, money, and even battery life while enhancing your online safety.

Privacy is at the core of Brave's design, which is often highlighted in user Brave Wallet reviews, too. Its default settings provide robust privacy protection across three layers.

The first layer, Brave Shields, blocks trackers, cross-site cookie tracking, fingerprinting, and more. Its advanced privacy protections further reinforce security by reducing network server calls, implementing partitioning, blocking bounce tracking, and other Chromium customizations^[1].

Lastly, the browser's policies and practices prioritize data safeguarding by abstaining from collecting it, surpassing governmental data protection regulations like GDPR and CCPA.

It's also worth noting that the Brave browser (and, hence, the Brave Wallet) is available in nearly 160 languages, including various Chinese dialects. Additionally, Brave Search, Brave's own private search tool, supports English, French, German, Japanese, and Spanish, and has plans to add support for more languages soon.

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Private Web Navigation with the Brave Wallet App 

In the realm of online security and browsing privacy, the Brave Wallet app (which is the same as the Brave Private Web Browser app, since it's built in it) stands out as a pivotal tool within the Brave ecosystem. This app isn't just about managing your cryptocurrencies or browsing the web – it's a gateway to a safer, more secure online experience.

First off, let's debunk a myth: you don't need to be knee-deep in the crypto world to benefit from the Brave Wallet app. It's a privacy fortress, even if digital currencies aren't your thing. It serves as a guardian for your data, ensuring that your browsing remains yours alone^[2].

The Brave Browser and Wallet app offers personalized news feed, free video calls, an ad-free space for offline playlists, and a search engine that respects your privacy – all within a single app.

One of the standout features is the Brave Firewall. It's like having a shield that guards not only your browsing within Brave, but extends its protective embrace to all your online activities, including crypto trading, gaming, social media, and so on. This firewall ensures that your online endeavors, even outside the browser, remain secure and private.

Brave Search, on the other hand, is the antidote to the tracking-laden search engines out there. No tracking, no intrusions. Just your search queries, your way, ensuring your online explorations remain discreet and entirely yours.

Also, let's admit it, ads and trackers can be a real drag. They slow down your browsing, drain your battery, and gobble up your data. With Brave's built-in ad blocker, these nuisances are banished, giving you faster page loads, better battery life, and even some mobile data savings.

But the magic doesn't stop there. Brace yourself for HTTPS Everywhere, a nifty security feature that ensures your connections are as secure as possible. Also, let's not forget the script blocker, which adds another layer of defense against potential threats lurking online.

The bottom line? When you block ads and trackers, you declutter the web. It's like tidying up your digital space, making it faster, more efficient, and far less intrusive. So, with the Brave Wallet app, you can navigate the web without any intrusions, no matter if you're using it to access the Web3 space, buy some crypto, or simply Google "who would win in a fight between Batman and Superman".

The Brave Browser Offers Many Built-In Features

The Brave browser is a powerhouse when it comes to offering optional features that elevate your online experience. Again, I know this is a Brave Wallet review, and I'm here talking about the browser. However, if you use the latter, you'll naturally use the former.

At the forefront is the Brave Firewall + VPN, a robust security duo that shields your online activities across every app and device. This dynamic duo encrypts your data, fending off potential threats, even when you venture beyond the confines of the browser.

Privacy is very important, especially in the crypto world. With Brave VPN, your internet traffic remains concealed from prying eyes, thwarting the watchful gaze of Internet Service Providers (ISPs). Whether you're on a public Wi-Fi network or navigating in incognito mode, Brave VPN cloaks your online movements, ensuring you browse freely and securely.

Another interesting feature you'll stumble upon is the Brave Leo AI, your go-to digital assistant embedded in the browser. Leo's capabilities are diverse, from summarizing web content to bilingual translation, transcribing audio and video, and engaging in interactive conversations. This AI tool operates with unrivaled privacy, ensuring your queries and interactions stay confidential.

So, let's say you want to find the best crypto exchange for you. You can describe your needs to the Brave Leo AI, and it might suggest the top choices based on your needs (or, if you don't really trust AI, you can check out BitDegree's best crypto exchange list).

Overall, the Brave browser offers a huge variety of features. So, if you use the Brave Wallet (which is also a feature of the browser), you might as well try out its other offerings, too. After all, they can all be combined to make your ventures into the Web3 world more secure and hassle-free.

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Brave Wallet Review: CONS

Now, let's turn this Brave Wallet review and look into the other side of the coin. While Brave Wallet offers numerous advantages, it’s equally essential to understand its limitations. 

Only Works on the Brave Browser

In terms of drawbacks, one of the notable points about the Brave Wallet is its exclusivity to the Brave browser. Unlike many other crypto wallets that offer broader compatibility across different browsers, Brave Wallet operates solely within the confines of the Brave browser ecosystem.

This means that if you prefer using other browsers for your daily internet escapades, you won't be able to utilize the wallet functionalities unless you switch over to Brave.

It's worth noting that the Brave browser itself has gained popularity due to its emphasis on privacy, security, and ad-blocking features. However, for those who have grown accustomed to their current browser or have specific reasons for not using Brave as their primary browser, the limitation of the wallet to this particular platform might be a deterrent.

Though, on the upside, Brave Wallet's integration within the browser itself means it doesn't require additional extensions. This native integration minimizes potential security vulnerabilities that might arise from third-party extensions. Additionally, the wallet is designed to be efficient, avoiding unnecessary strain on your device's CPU and memory.

For users interested in exploring the Brave Wallet, it's essential to keep in mind that it can be accessed either by downloading the Brave browser on your computer or through the dedicated Brave app available for mobile devices. This offers flexibility in accessing your crypto assets, but still within the confines of the Brave ecosystem.

Is the Brave Wallet the Same as the Brave Rewards?

People often get confused and think that the Brave Rewards is a built-in feature in the Brave Wallet – it's not. These are two separate Brave products. Nonetheless, if you plan to use the Brave Wallet, you'll use the Brave browser, and most likely be interested in the Brave Rewards, too. After all, it's another link to the crypto world.

As you've probably already understood after reading this Brave Wallet review, the Brave browser is all about choice – even when it comes to ads. With the Brave Rewards, you’re in the driver’s seat, deciding whether you want to view all of the ads and get rewarded for it. Here’s the lowdown on how it works and what you can do with it.

An earning token, known as the Basic Attention Token (BAT), is at the heart of Brave Rewards. By opting to see Brave Ads, you can earn BAT by engaging with various ad formats like images on your new tab page or push notifications. The best part? You have the power to select which kinds of ads you fancy.

But it’s not just about you. Brave Rewards also empowers you to support your favorite content creators. You can either manually send BAT contributions from your Brave Wallet or let Brave handle it automatically on your behalf. It’s a nifty way to show some love to those who make the web a more interesting place.

Now, let’s talk privacy. By default, Brave blocks those pesky ads and trackers, keeping your browsing experience squeaky clean. However, if you choose to peek at Brave Ads, rest assured – your data stays put.

Curious about what these ads actually look like? You have options: images on new tabs, cards in your Brave News feed, push notifications, and more. The key point? There are no invasive ads on web pages or bothersome video ads interrupting your browsing flow, which is a feature any Brave Wallet review should highlight.

And the cherry on top? Brave shares 70% of its ad revenue directly with users. It’s all about giving back, and while they encourage sharing some earnings with website publishers and creators, there’s no pressure to do so.

Fee Structure of the Brave Wallet and Other Brave Services

No Brave Wallet review would be complete without talking about its fee structure, so time to get into that. Though, apart from covering Brave Wallet fees, I'll also look into the fees of its other services, as they are all a part of the same ecosystem.

The fee structure of the Brave Wallet and other services within the Brave ecosystem is a mix of free services and subscription-based models.

Let’s start with the Brave Wallet itself: it’s completely free to use. However, when you perform transactions like transfers or swaps, you’ll encounter gas fees, and you might also notice commission fees labeled as “Brave fees". These fees aren't explicitly detailed on the Brave website, but they're there. Still, they're pretty much in line with what you’d find in other crypto wallets.

Now, ontothe  Brave VPN. Even though this is a Brave Wallet review, this service will come in handy when protecting your data during you crypto trading journey. The Brave VPN is a subscription service that you can snag for $9.99 per month. There's a 7-day free trial and, if you opt for the yearly subscription via the App or Play stores, it'll set you back $99.99 per year.

Moreover, the Brave Talk is free for video calls with up to four people. However, if you want more participants or access to advanced features, you can upgrade to Brave Talk Premium. This premium version packs in features like secure call recordings, YouTube groupwatch, and the ability to host calls with 100+ people. It has a 30-day free trial and then costs $7.00 per month.

Next up is the Brave Leo, the helpful AI assistant baked into the browser. The basic version is free but might have its accessibility influenced by traffic and usage. You can jump on the Brave Leo Premium train for $15.00 per month. This premium version offers higher usage limits and access to better models, letting you enjoy more perks and early access to new features.

Now, when it comes to the Brave Search, it’s the real deal in terms of privacy and independence. It’s free, but it's ad-supported, which means that it does display some ads. As of writing, these ads don’t link up with the Brave Rewards, but there are plans to incorporate rewarding them in the future, too.

If you want an ad-free experience and to support the cause, you can opt for the Brave Search Premium at $3.00 per month. This premium subscription keeps your searches and results ad-free, supporting the mission for private, independent search.

That sums up the fee structure across different Brave services that couldn't be left out of this Brave Wallet review. From free uses to subscriptions with added perks, Brave’s has a mix of options to suit various needs and preferences.

How to Use the Brave Wallet?

If my Brave Wallet review got you interested in trying it out, your first step is installing the Brave browser. After that, all you'll need to do is create your Brave Wallet. These processes are fairly simple, but I'll outline them for you.

How to Install the Brave Browser?

Brave is available on several operating systems, including Windows, Mac, and Linux. In addition to that, there's the mobile app version available on iOS and Android devices. However, in this Brave Wallet review, I'll walk you through the process of installing the Brave application on a Windows-based computer.

Step 1: Visit the Brave website and download the installation file. To do that, hover your cursor over [Browser] and click [Desktop], or simply click [Download Brave] on Brave's home page.

Step 2: Double-click the installation file you just downloaded. This action triggers the installation process.

Step 3: Follow the necessary steps. After the installation is finished, a Brave browser window will automatically open, indicating that the installation process is completed.

Installing the Brave browser is hassle-free. Once it's installed, you can enjoy a browsing experience focused on speed, security, and privacy.

How to Create the Brave Wallet?

Now, let's dive deeper into this Brave Wallet review and look into the process of creating your own wallet.

Step 1: In the Brave browser, find the wallet icon in the toolbar and click on it.

Step 2: Click on [Learn more] and then on [Create new wallet].

Step 3: Acknowledge your responsibility for the security of your funds. Since this is a self-custody wallet, Brave cannot access it or reverse your transactions, so be sure to secure and back up your wallet. Click [Continue].

Step 4: Create a strong password for your new wallet. This password serves as an additional layer of security for accessing your funds. After setting the password, click [Continue].

Step 5: Now, it's time to generate a 12 or 24-word recovery phrase. This phrase is crucial for regaining access to your wallet if you encounter issues like a lost password, stolen device, or similar circumstances.

It's highly recommended to back up this recovery phrase securely offline. Remember, this phrase is the only way to recover your assets if anything happens. If you fully understand that, click [Got it], write down your recovery phrase and click [Next].

Step 6: Once you've backed up your recovery phrase, you'll be prompted to verify it. Click on the requested words in the order Brave asks you to. This verification step ensures you've accurately recorded your recovery phrase.

Congratulations! Your Brave Wallet is now set up and ready to use. You've successfully created a secure wallet within the Brave browser.

Remember, on the desktop, you can access your Brave Wallet by clicking the Wallet icon in the toolbar. For mobile users, simply open the browser menu and tap the Wallet icon to get started with your Brave Wallet on the go.

Pros

• Can be managed from mobile device
• Very secure
• Supports more than 5500 cryptocurrencies

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Pros

• A brand-new design
• Industry-leading security
• Coin, token and NFT storage

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Pros

• Supports over 7000 crypto assets
• Easy navigation
• Open-source

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Conclusions

At the conclusion of my Brave Wallet review, I can confidently say that the Brave Wallet is a standout feature of Brave. It offers users a secure and innovative way to manage their cryptocurrencies and digital assets. Its integration within the Brave browser ensures a seamless experience, allowing users to easily interact with dApps and handle their funds without compromising on security.

With its emphasis on privacy, Brave Wallet provides a sense of assurance by enabling users to maintain control over their data and transactions. The possibility of earning rewards in BAT tokens through the Brave Rewards, as well as many other additional features of the Brave ecosystem, only add to the appeal of the Brave Wallet.

Overall, the Brave Wallet emerges as a promising solution for those seeking a secure, user-friendly, and privacy-centric approach to managing their digital finances. Still, if you think downloading the Brave browser is too much of a hassle, be sure to check options like the Binance Wallet, the Coinbase Wallet, or Zengo.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. D. Leith: 'Web Browser Privacy: What Do Browsers Say When They Phone Home?';

2. A. Zafar, A. Das: 'Comparative Privacy Analysis of Mobile Browsers';

3. M. Morisse: 'Cryptocurrencies and Bitcoin: Charting the Research Landscape'.