Gem Wallet is an open source decentralized cryptocurrency wallet that supports multiple blockchains and provides users with quick access to their digital assets. The advantage of open source is its transparency: users can personally check the code for vulnerabilities and make sure that their funds are safe to store. This is especially important in the world of cryptocurrencies, where the security of funds and data is crucial. Any developer interested in improving the functionality of the wallet can contribute by suggesting changes and improvements that contribute to the development of the project and increase its reliability.

One of the key points distinguishing Gem Wallet is the lack of hidden features that could create risks for users. All wallet functions are open and understandable. However, like any other software, the wallet has its own strengths and weaknesses. In June 2024, Gem Wallet was equipped with many useful features, including modules for asset management, available on both mobile devices and personal computers. This makes the wallet a universal tool for managing cryptocurrencies, regardless of the device the owner uses.

Gem Wallet fully complies with the concept of a new generation Internet, where users get full control over their personal data and assets. In this Internet model, which is known as Web 3.0, the role of developers is to create an infrastructure that supports this control by offering solutions for secure data storage and management. One of these functions in Gem Wallet is the generation of a secret phrase (Seed), which is transmitted exclusively to the owner of the wallet. This phrase is the main tool for restoring access to assets in case of loss of a password or device. Seed is an essential element of the security system, providing the user with full control over their account. Without this unique key, it will be impossible to restore access, which makes this mechanism one of the most secure forms of authentication in the world of cryptocurrencies.

The wallet supports 46 different blockchains, including both classic and modern solutions. Among them, you can find the largest blockchain chains, which makes Gem Wallet universal and compatible with a wide range of cryptocurrencies. Along with the basic functions of storing, sending and receiving cryptocurrencies, users get access to a number of advanced features, such as asset exchange right inside the wallet interface, coin staking, integration with DeFi applications, purchase of cryptocurrency from a bank card, storage and management of NFT.

Gem Wallet attracts users with its simplicity and ease of use. Its interface supports multiple languages and currencies, which makes the wallet accessible to an international audience. Despite the fact that fiat money (traditional currencies such as rubles or dollars) cannot be stored in a wallet, users can configure the display of their cryptocurrency balance in any national currency convenient to them. This makes it easier to track the current status of assets, especially if the user is used to working with a certain currency unit.

In addition, the wallet interface supports several languages, which makes it even more convenient for users around the world. The language version switch button allows you to instantly adapt the interface to the wallet owner's preferences.

As for the development team, according to the official website, Gem Wallet LLC, a company registered in the United Arab Emirates, is behind the development of Gem Wallet. The company's headquarters are located in Sharjah. However, there is no information about the team members in open sources. Despite this, the developers actively maintain social networks and a blog on the site, where they regularly publish news about the project and its development. This constant contact with users and the community helps to maintain a high level of trust and transparency in the project.

Thus, Gem Wallet is a powerful cryptocurrency management tool that combines decentralized security, multi-functionality and ease of use. This solution is suitable for both experienced cryptocurrency users and beginners who are looking for a secure and intuitive way to manage their digital assets.

Functionality and technical specifications

Gem Wallet is a non-custodial cryptocurrency wallet that provides users with full control over their assets, conforming to the principles of decentralization and minimizing the risks of unauthorized access. This means that only the user himself has the right of ownership and access to his crypto assets, excluding the intervention of third parties. This approach significantly increases security by providing users with the ability to independently manage their digital assets without having to trust their storage to external organizations.

One of the main principles of Gem Wallet is the openness of the source code. Thanks to the open source code, users and developers can freely view and analyze the code base of the wallet, which guarantees transparency, integrity and security of the system. This approach contributes to the development of a community where any participant can make edits to the application code, report bugs, and suggest new features and improvements. Thus, the wallet is constantly being improved, becoming more reliable and functional.

The security of users and their funds is a priority for Gem Wallet. The wallet uses advanced encryption and reliable methods of managing private keys, which guarantees the safety of users' assets. Built-in privacy tools protect transaction history and personal information from prying eyes, providing an additional layer of data protection. This is especially important in the context of ever-increasing threats in the field of cybersecurity.

Gem Wallet supports a wide range of blockchain networks, which makes it a multi-chain solution. Among the supported networks are such well-known blockchains as Ethereum, Avalanche, BNB Smart Chain (BSC), Polygon, Solana and many others. This support allows users to easily manage various cryptocurrencies without having to use multiple wallets for different blockchains.

One of the key features of Gem Wallet is the ability to buy and sell cryptocurrencies for fiat money. Users can seamlessly convert their digital assets into traditional currencies, which greatly simplifies the process of entering and exiting the crypto market. This makes the wallet a convenient tool for both experienced traders and beginners who are just starting their journey in the world of cryptocurrencies.

The cryptocurrency exchange function integrated into Gem Wallet is designed for maximum user convenience. It allows you to quickly and easily exchange one cryptocurrency for another in just a few clicks. The wallet supports the exchange of various assets, including such popular cryptocurrencies as ETH, AVAX, BNB, SOL, TON and many others. This simplifies the portfolio management process and makes it more flexible.

Gem Wallet's Web3 support allows users to interact with decentralized applications (dApps) through the integration of the WalletConnect protocol. This ensures secure communication with dApps and allows you to use their full functionality directly through the wallet. In addition, full support for non-interchangeable tokens (NFT) gives users the ability to store and manage all their NFT, PFP and gaming assets in one place, making Gem Wallet a universal tool for working with next-generation digital assets.

Another useful feature of Gem Wallet is the integration of decentralized name services that allow users to associate a human-readable name (for example, name.eth or name.crypto) with the blockchain address of their wallet. This greatly simplifies the process of sending and receiving cryptocurrencies, making it more intuitive and convenient. The use of decentralized name services ensures that name management will be carried out without the participation of centralized providers, which complies with the principles of decentralization and increases security.

Gem Wallet also supports native staking, which allows users to receive rewards for staking their assets directly through the app. This process not only makes it possible to receive passive income, but also helps to maintain the security and operability of the blockchain network in which assets are invested. Staking is an important element of the cryptocurrency ecosystem, and the ability to manage it directly through a wallet greatly simplifies this process for users.

Thus, Gem Wallet is a powerful, multifunctional and secure tool for managing cryptocurrencies. It combines a non-custodial asset storage model, an open code base, support for multiple blockchain networks and integration with Web3, which makes it a universal solution for both experienced crypto enthusiasts and beginners. With its help, users can safely and conveniently manage their digital assets, interact with decentralized applications, store and exchange cryptocurrencies and NFT, as well as receive income from staking without leaving the application interface.

Gem Wallet has several analogues that offer similar features, including non-custodial storage, multi-chain support and interaction with Web3. Here are some of them: YouHodler, Komodo Wallet, Coinbase Wallet, Exodus and Rainbow Wallet.

Supported Cryptocurrencies 

Gem Wallet supports a wide range of cryptocurrencies and blockchains, offering users a universal solution for managing their digital assets. Among the supported cryptocurrencies are both leading and new blockchain networks. Among the most popular assets available in the wallet are Ethereum (ETH), one of the largest blockchains widely used for smart contracts and decentralized applications, as well as Bitcoin (BTC), the first and most well—known cryptocurrency that is used as a means of storing value and making payments.

Gem Wallet also supports high-performance blockchains such as the BNB Smart Chain (BSC), known for its support for smart contracts and a large number of BEP-20 standard tokens. Supported networks include Polygon (MATIC), a second—tier solution for Ethereum that provides faster and cheaper transactions, as well as Avalanche (AVAX), a blockchain with high transaction processing speed and low fees that also supports smart contracts.

Among the modern and popular blockchains, Solana (SOL) can be distinguished, which is famous for its high performance and low fees, attracting developers of decentralized applications and NFT platforms. TON (The Open Network), a blockchain focused on high—speed transactions and decentralized applications, and Fantom (FTM), a fast blockchain optimized for smart contracts and DeFi applications, are also supported.

The wallet supports other important blockchains, such as Cardano (ADA), known for its scientific foundation and high security standards, Polkadot (DOT), which focuses on interaction and compatibility between various blockchains, as well as Algorand (ALGO), a blockchain with an emphasis on speed and security, supporting smart contracts and DeFi—applications.

For users working with stablecoins, Gem Wallet provides the opportunity to manage such popular assets as USDT (Tether) and USDC (USD Coin), which are pegged to the US dollar and are widely used in cryptocurrency transactions.

The wallet also offers NFT support, allowing users to store and manage non-interchangeable tokens such as ERC-721 and ERC-1155 on Ethereum and Polygon. In addition, Gem Wallet supports many other tokens issued on various blockchains, including DeFi tokens, gaming assets and other digital assets.

Thus, Gem Wallet is a universal tool that supports a wide range of cryptocurrencies and blockchains, which allows users to effectively manage their digital assets, participate in ecosystems of various blockchains, exchange cryptocurrencies and use NFT, all in one convenient application.

Commissions and fees

Gem Wallet is a decentralized cryptocurrency wallet that is focused on use in the field of DeFi (decentralized finance). Due to its architecture and the use of smart contracts, all transactions inside the wallet take place without the need for centralized intermediaries, which eliminates service fees. Users pay only network fees related to processing transactions in the respective blockchains.

For the convenience of users, Gem Wallet offers the opportunity to choose the most favorable conditions for exchanging cryptocurrencies through any decentralized exchange (DEX). This allows you to exchange assets as efficiently as possible, choosing the best offers on the market. To purchase cryptocurrencies in the wallet, integration with partners such as Mercuryo and Ramp is provided, which makes it possible to purchase digital assets for fiat money. In this case, the service fees are included in the exchange rate, which makes the purchase process transparent and understandable for users.

Gem Wallet uses modern technologies that allow all transactions inside the wallet to be carried out using smart contracts, which ensures the security and transparency of all transactions. However, when sending coins to external wallets, users are faced with the need to pay a commission, the amount of which depends on the cost of processing the transaction in a particular blockchain. This is a standard practice for all cryptocurrency wallets, taking into account the costs of maintaining a decentralized network.

Safety

Gem Wallet prioritizes security and privacy by creating a reliable cryptocurrency wallet that protects your digital assets and data. This wallet is designed so that you can safely use cryptocurrency for various transactions, including transfers, staking, exchanges and interaction with decentralized applications (dApps), without worrying about security.

In Gem Wallet, users have full control over their assets thanks to the principle of self-management (self-custody). This means that only you have access to your funds, and the wallet does not store any data about your assets or transactions. Complete confidentiality is ensured thanks to the zero tracking policy — the wallet does not track your actions, does not store data on asset balances or dApps that you use.

To create a new wallet in Gem Wallet, you do not need to provide personal data or photos. This corresponds to the principle of no need for personal information (no selfies needed), which allows you to remain an anonymous user. Your cryptocurrencies and private keys are protected with advanced encryption (strong encryption), which ensures maximum asset security.

In addition, Gem Wallet is an open-source software, the code of which is available for public audit. Any security specialist can check it for vulnerabilities, which guarantees the transparency and reliability of the wallet. As part of the bug bounty program, the wallet team encourages specialists to detect problems that can lead to the loss of user funds, which contributes to improved security.

To ensure maximum protection of your assets, Gem Wallet recommends following the following important rules. Write down your secret phrase and keep it in a safe place, preferably offline. This phrase is the only way to restore access to the wallet, so it cannot be saved as a screenshot or shared with other people. If someone gets hold of your secret phrase, they will get full access to your wallet. Gem Wallet does not store copies of your phrase, so if you lose it, it will be impossible to restore access.

To resolve security issues or report vulnerabilities, you can contact the Gem Wallet team at [email protected] . You also have the opportunity to follow the development of the project through a public roadmap on GitHub, where the team shares its plans and updates.

Thus, Gem Wallet provides its users with a reliable and secure environment for managing cryptocurrencies, offering a high level of protection and complete privacy.