Skip to main content

💸 Wallet

Understanding custodial wallet

Custodial TON Wallet: Secure and Simplified Asset Management

Introduction

At Vertus, we have created a seamless entry for users into the cryptocurrency world through the development of a custodial wallet service.

Understanding Custodial Wallets

A custodial wallet is a type of digital wallet where the service provider, rather than the individual user, holds and manages the private keys required to access and transact the cryptocurrency. This approach shifts the responsibility of key management from the user to the provider, ensuring enhanced security measures and ease of use.

Benefits of Vertus Custodial TON Wallet

  1. Simplified Key Management: By managing the private keys on behalf of our users, Vertus removes a significant barrier to entry for new and less technical users. This service eliminates the risk of users losing their keys and thereby losing access to their assets.
  2. Enhanced Security: Vertus utilizes advanced security protocols to safeguard the stored assets. Users benefit from institutional-grade security measures without the need to personally manage and secure their private keys.
  3. Seamless Transactions: The integration with Telegram and the use of a custodial wallet allows for smooth transactions within the app. Users can easily claim rewards, perform transfers, and engage with the mining process without dealing with the typical complexities of cryptocurrency transactions.
  4. Increased Accessibility: The custodial wallet simplifies the user experience, making it more accessible for a broader audience. This is especially beneficial in a platform like Vertus, where the primary interaction occurs through a familiar and widely used interface such as Telegram.

Expanding Asset Support

Currently, Vertus wallet supports transactions in TON, the native token of the TON blockchain. However, very soon, the wallet will expand its capabilities to include many jettons, including our own $VERT token. This will provide our users with greater flexibility and the opportunity to engage with a wider array of digital assets, further enhancing the utility of the Vertus platform.

By providing a custodial TON wallet, Vertus aims to lower the entry threshold for users interested in cryptocurrency, ensuring that even those with minimal technical knowledge can safely and efficiently participate in the digital economy. This approach not only enhances user engagement but also supports our mission to make cryptocurrency as accessible and user-friendly as possible.