What is a Beldex decentralized wallet? |

Have you ever heard about cryptocurrency? Yes, of course, who is not aware of cryptocurrency at the present. Recently it is becoming more popular among the people. Cryptocurrency is nothing but a digital money which makes your transaction as secured through the decentralized blockchain. Cryptocoins are not only used for secured transaction purpose, but also people can use it in retail stores, corporations, open trading institutions, etc., to fetch their needs. Cryptocurrency is stored in a digitalized wallet. People need to create an account in the crypto wallet and store their cryptocurrency over there. It will generally take place in the centralized platform. There we need to enter our data like name and password. Our details like from where we are accessing, amount that we hold, to whom we are sending, etc., will be known to authorized person. So hacking is possible here.

How come others can interfere in our privacy? Who gave access to them? Privacy is a fundamental right to everyone. So to assure your privacy we have launched Beldex wallet. It is a decentralized wallet, where you need not to enter any of your personal information to access your wallet account. Users can create an account with one click. The whole process will takes place in Beldex blockchain. Every asset that you hold will be maintained with high security to respect people’s privacy.

How will a decentralized wallet work?

Beldex decentralized wallet works on the basis of decentralized blockchain. In decentralized blockchain, everything will take place in the anonymous manner. No one can seek any information from here. People can transfer, receive, and stake their BDX coins on their beldex wallet. People need to create an account in the wallet. After downloading the application on your device, users can sign up for their account. It doesn’t ask any personal details. A private key and address is generated. The address is used to transfer and receive the BDX coins from others. Other than this address, private key should not be shared with others. By sharing the private key, you are giving permission them to access your account.

The private key consists of seed words, spend key, and view key on it. Users need to note everything for the security purpose because once they lose this private key, they can’t recover the account and will lose all the BDX amount deposited over there. It is because no one knows your private key other than you and in blockchain we can’t get any details about user’s account. Users can recover the account or access their account from other devices by using this private key. They need not to create another account. Seed words are mainly used as the password to log in the account. In case, if the user forgets about the seed words, they can use the view key and spend key to access their account.

What are the types of wallet we have?

The Beldex decentralized wallet is a cross-platform wallet. We have three types of wallet according to the convenience of the people. They are,

Web wallet: There are two versions of Beldex web wallet available on the site. In version 1, users can create different integrated addresses for each transaction. It helps to protect users from hacking. In version 2, users can add their contacts in the wallet for easy access. Here we can transfer, receive, and hold our beldex coins.
Android wallet: It is designed for android users. In this fast-moving world, we need everything at the doorstep. So this android wallet will help a lot. Users need not visit the site for the transaction, from the android wallet application user can send and receive the BDX. It makes our work simpler and easier.
Electron desktop wallet: The electron desktop wallet can be downloaded on the desktop. It is not only used to transfer and receive the BDX but also we can stake BDX on masternodes. For staking BDX coins on the masternodes, users can receive the rewards.

Every wallet account is created with utmost privacy and security measures. You can go with our Beldex decentralized wallet to meet your privacy needs.

Join our community to know more about our recent developments.