Modern hardware wallets offer more than just storing and securing your cryptocurrency. Many wallets come equipped with additional features that make managing and expanding your digital assets easier. Below we explain the most important functions: swap , buy , stake , and sell , and how they enrich the use of your hardware wallet.
Swap (Exchange)
What is it?
The ability to instantly exchange between different cryptocurrencies without using a third-party exchange.
How does it work?
For example, via integrated services in the hardware wallet you can exchange Bitcoin for Ethereum or other supported coins.
Advantages:
- No need to transfer crypto to an exchange, keeping your assets safer.
- Time-saving and user-friendly.
Suitable for: Users who want to actively trade or diversify their portfolio without the risks of external platforms.
Buy (Buy)
What is it?
The ability to purchase cryptocurrency directly through the hardware wallet.
How does it work?
The wallet is connected to services that allow you to buy crypto via bank transfers, credit cards, or other payment methods.
Advantages:
- Buy crypto easily and securely, directly to your wallet.
- No third party needed for initial purchase.
Suitable for: Beginners and users who want to buy crypto directly without external exchanges.
Stake (Bet)
What is it?
A process where you stake your crypto to support the network and earn rewards.
How does it work?
The wallet directly supports staking services that allow you to lock assets such as Ethereum or Cardano into the network.
Advantages:
- Generate passive income by participating in the network.
- No additional software or services needed; everything happens through the wallet.
Suitable for: Users who want to grow their assets without actively trading.
Sell (Sell)
What is it?
The ability to sell crypto directly from the wallet and convert it to fiat currency (such as euros or dollars).
How does it work?
Through connected services, you can sell your crypto and have the proceeds sent directly to your bank account.
Advantages:
- Fast and secure way to liquidate crypto.
- No external exchange required, which is easier and more secure.
Suitable for: Users who want to quickly convert their crypto to traditional currencies.