What is Rabby Wallet? Learn about the blockchain wallet developed by the DeBank team

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Coin68
08-29
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Rabby Wallet is an EVM-compatible Non-Custodial blockchain wallet that helps users to store, manage and trade various crypto assets on multichain. This is a product developed by DeBank's team, supporting users to store and trade assets of different types of hot and Cold Storage wallets just by entering Seed Phrase, Private Key. Let's learn about Rabby Wallet with Coin68 through the article below!


What is Rabby Wallet? Learn about the blockchain wallet developed by the DeBank team

What is Rabby Wallet?

Rabby Wallet is a Non-Custodial (user-managed private key) blockchain wallet compatible with EVM to assist users in storing, managing and trading various crypto assets on multichain. This is a product developed by DeBank 's team with the goal of providing the best user experience on multichain while ensuring the safety of users' assets.


What is Rabby Wallet?

Rabby Wallet is designed to deliver a whole new multichain experience by automatically switching to the respective blockchain based on the DApp the user has accessed. In addition, Rabby Wallet has a mechanism to protect users' assets by scanning potential risks before a transaction and showing the balance will change before they sign the transaction. Currently, Rabby wallet supports DApp access on 77 different blockchains with 62 mainnet chains and 15 testnet chains (as of August 2023).

Features of Rabby Wallet

User-friendly interface: Rabby Wallet is designed with a user-friendly interface that makes it easy to use even for newbies. The intuitive interface allows users to easily manage, execute transactions and track their asset balance.

Support for multiple assets on multiple blockchains: Rabby Wallet supports a wide range of digital assets including cryptocurrencies, Non-Fungible Token on various blockchains giving users flexibility in storing, managing and trading them. In addition, information about asset types on multiple blockchains will be displayed on one interface for easy management.

Enhanced security: Rabby Wallet enhances security by using advanced encryption protocols and multi-factor authentication to ensure the safety of users' assets. This means that the user's personal information such as the Private Key is protected from unauthorized access. In addition, Rabby Wallet has a mechanism to protect users' assets by scanning potential risks before a transaction and showing the balance will change before they sign the transaction.

Customizable Settings: Rabby Wallet offers customizable settings that allow users to tailor the wallet to their preferences. Users can set transaction fees, choose their preferred language, and customize the look and feel of their wallet. This is XEM as the feature Rabby Wallet provides to users to meet the personalization needs of users.

Support integration of wallets that already have Seed Phrase, Private Key: Rabby Wallet supports users to enter Seed Phrase , Private Key of hot wallets, Cold Storage and institutional wallets to use on Rabby Wallet. Some of the currently supported wallets include:

  • Hot wallet: MetaMask , Trust Wallet , Zerion Wallet, Bitkeep,...

  • Cold Storage: Ledger, Trezor, Keystone,...

  • Institutional wallets: Safe, Amber, FireBlocks,...

Support multiple versions for users: Rabby Wallet supports user-selectable versions such as Chrome Extension, Desktop. Mobile version will be released in the near future.

Instructions to install Rabby Wallet

Instructions to install new wallet on Rabby Wallet

Step 1: Go to rabby.io and select “Download for Chrome”. Chrome Store interface appears, select “Add to Chrome” then select “Add extension”.


Go to rabby.io and select “Download for Chrome”


Select “Add to Chrome” then select “Add extension”

Step 2: Rabby Wallet interface appears, select “Next”, select “Get Started” to start using.


Select "Next"


Select “Get Started”

Step 3: At the "Add an Address" interface, users can choose to create a new wallet, enter Seed Phrase, Private Key of hot wallets, Cold Storage, other institutional wallets to use. Coin68 will choose “Create New Seed Phrase” to create a brand new wallet.


Select “Create New Seed Phrase” to create a brand new wallet

Step 4: The user sets a password for the wallet and selects “Next”. Then select “Show Seed Phrase” to display the Seed Phrase. Select "Copy Seed Phrase" to store the Seed Phrase and select "I've Saved the Phrase" to start creating a wallet.


User sets a password for the wallet and selects “Next”


Select “Show Seed Phrase” to display the Seed Phrase


Select "copy Seed Phrase" to store the Seed Phrase and select "I've Saved the Phrase" to start creating a wallet.

Step 5: The “Manage Seed Phrase” interface appears and the user can create up to 50 wallet addresses for the previous 1 Seed Phrase . Click “Done” to start using Rabby Wallet.


User can create up to 50 wallet addresses for 1 Seed Phrase on Rabby Wallet


Rabby Wallet interface after creating a wallet

Instructions to enter Seed Phrase, Private Key of MetaMask . wallet

Step 1: Click the icon below the picture.


Click on the icon as shown in the picture

Step 2: Click “Import My MetaMask Account”, choose to import MetaMask wallet with Seed Phrase or Private Key.


Click on “Import My MetaMask Account”


Choose to import MetaMask wallet with Seed Phrase or Private Key


Interface for importing MetaMask wallet using Seed Phrase


Interface to import MetaMask wallet with Private Key

Step 3: The Rabby Wallet interface will display the types of assets stored on MetaMask on each different blockchain. Users can trade them with Rabby Wallet right after entering.


MetaMask wallet interface after being imported on Rabby Wallet

summary

Rabby Wallet is an EVM-compatible Non-Custodial blockchain wallet that helps users to store, manage and trade various crypto assets on multichain. This is a product developed by DeBank with many outstanding features to bring the best user experience on multichain but still ensure the safety of their assets.

Through this article, you must have somewhat grasped the basic information about Rabby Wallet as well as how to create and import Seed Phrase, Private Key of Metamask into Rabby Wallet.

Note: This is for reference only and Coin68 is not responsible for any decisions you make to use Rabby Wallet. Wish you success and make a lot of profit from this potential market!

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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