Keplr 2023 Wallet Review | Pros, Cons and How It Compares
4 min to read
Introduction: Keplr Wallet is an open-source non-custodial cryptocurrency wallet built to support the IBC and the Cosmos ecosystem. With its user-friendly design, Keplr makes it easy for both beginners and experienced users to manage their cryptocurrencies. In this review, we will be taking a closer look at Keplr's main features so that you can have a better understanding of how Keplr compares to alternative wallets.
Keplr is the leading non-custodial wallet for the Cosmos and IBC ecosystem. It was founded in 2021 by software development company Chainapsis which is also a key contributor to the Osmosis DEX.
With Keplr Wallet, users have complete control over their private keys (assets) as the wallet does not store any user information on centralized servers. The wallet currently only supports the Cosmos ecosystem which includes over 25 blockchains such as the Cosmos Hub, Osmosis, Injective, Evmos, Agoric and many others.
The wallet currently offers limited functionality besides depositing, receiving and the ability to stake one’s assets. Users have full visibility into the available validators for each blockchain and can decide who they want to stake their assets with.
Keplr Wallet Supported Platforms
Keplr Wallet Browser Extension
The Keplr wallet is available as a browser extension which is currently used by over 700,000 users. The wallet has a simple but intuitive interface which is easy for beginners to navigate. The wallet is available on Chrome, Brave and Firefox.
Users can easily store and stake their Cosmos ecosystem assets. The wallet is of course also used to connect to Cosmos-based DeFi such as Osmosis, Injective, Sommelier Finance and many others.
Multiple accounts can be created within the same wallet and users can vote on governance proposals for blockchains whose assets they hold. The Keplr wallet also offers hardware wallet support by enabling users to link their Ledger wallet. Keplr is open-source and built by core contributors to the Cosmos ecosystem.
Keplr Wallet Mobile App
In 2021, Keplr wallet was made available as a mobile wallet for Android and IOS. At the time of writing the Keplr mobile wallet has over 100,000 users with a 3.8 rating based on 1000 reviews. It offers the same functionality as the browser wallet with the key features being storing, staking, voting and participating across Cosmos based DeFi.
Keplr Wallet Supported Coins
Keplr is a popular cryptocurrency wallet that is designed to work specifically with the Cosmos blockchain network. Here are some of the features that the Keplr wallet supports:
1. Staking: Users can stake their cosmos assets through Keplr and earn staking rewards for supporting the network.
2. Interoperability: The wallet supports inter-blockchain communication (IBC) which enables users to easily transfer assets between different blockchains.
3. Decentralized Applications (DApps): Users can access and interact with various DeFi dApps directly from the Keplr wallet.
4. User-Friendly Interface: The wallet's user interface is designed to be intuitive and easy to navigate for beginners.
Keplr Wallet Cryptocurrencies
The Keplr wallet currently only supports coins and tokens associated with the Cosmos ecosystem. This includes blockchains such as the Cosmos Hub, Osmosis, Secret Network, Akash, Stargaze, Juno and many others. The most popular cryptocurrencies available on Keplr right now are:
Secret Network (SCRT)
Sommelier Finance (SOMM)
Keplr Wallet Customer Support
The Keplr wallet team offer excellent customer support via their extensive help desk which covers the most commonly asked questions. If you would like to get more hands-on support, you can always write on their live chat on the website or contact some team members via telegram.
Is Keplr Wallet Safe?
The Keplr wallet is a safe non-custodial wallet where users have access to their own private keys locally stored at all times. Like most other non-custodial wallets, the users have to set their own strong login password and make sure that they store their 12-word seed phrase (mnemonic phrase) someplace safe.
Keplr wallet is 100% open-source so anyone can inspect the code. For users who want to have even more security, Keplr has recently also added support to allow users to link their Ledger hardware wallets to keplr.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.