Witnet wallet
The most secure hardware wallet for your Witnet
Secure your Witnet with Tangem Wallet. Join a thriving community of satisfied users today!
How to secure your Witnet with Tangem?
When you buy or hold Witnet in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Witnet Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose Witnet wallet with Tangem.
What is Witnet (WIT)?
Witnet is an advanced protocol crafted to enhance the function of smart contracts by granting them access to diverse and valuable datasets. It guarantees the security and delivery of this data through robust cryptoeconomic methods. Witnet is highly focused on supporting 'autonomous' smart contracts, demanding high tamper-resistance and lower risk of manipulation.
What is a Witnet wallet?
A Witnet wallet is a digital tool for storing your private keys, allowing you to manage your Witnet addresses effectively. While it doesn't store the WIT coins themselves, since they exist on the blockchain, it is essential for creating and storing private keys to access and manipulate your WIT accounts. Essentially, a Witnet wallet facilitates the storage, sending, receiving, and management of WIT.
How does a Witnet wallet work?
Witnet wallets operate using public and private key pairs to control blockchain accounts. The private key is your gatekeeper to a specific Witnet account and should remain a closely-guarded secret, while the public key can be freely shared to accept WIT tokens. To transfer funds, the corresponding private key is necessary. Tangem Wallet secures these private keys within its integrated chip.
What are the types of Witnet wallets?
Exchange Witnet Wallets:
Managed by centralized exchanges such as Coinbase, Binance, and Kraken, these wallets allow WIT purchases with fiat, but come with custody risks like potential account access issues.Software Witnet Wallets:
Installed on devices, these wallets manage your private keys and WIT. While user-friendly, they are vulnerable to cyber threats. Available as mobile, desktop, and browser-based versions.Mobile Witnet Wallets:
Apps that make WIT handling convenient on smartphones.Desktop Witnet Wallets:
These secure private keys on hard drives or SSDs when installed on computers.Hardware Witnet Wallets:
Devices like Tangem offering offline security, protecting your assets from digital threats.
How to Choose the Best Witnet Wallet
Selecting the ideal wallet depends on your specific requirements, prioritizing ease of use, reliability, durability, and security. For secure offline storage and protection against online risks, a hardware wallet such as Tangem is advisable.
Tangem supports other cryptocurrencies
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See all supported cryptosWitnet FAQ
- You can buy Witnet on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of Witnet, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for Witnet depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for Witnet, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- Witnet (WIT) isa decentralized oracle network designed to provide smart contracts with access to real-world data.
- Witnetprovides a straightforward way for smart contracts to interact with external data sources. This is crucial for applications that need to process real-world information, like prices, weather reports, or the results of events.
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