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Wallets comparison w/ SMS scope

Tags
Drafts
Links
Leads
dj3n PRD

TronLink
NEAR
SMS (Harmony)
Keplr
Non-custodial
✔️
✔️
✔️
✔️
No 12 word passphrase required
X
X
✔️
✔️
P2P txs
✔️
✔️
✔️
✔️
Staking
✔️
✔️
X
✔️
Voting
✔️
X
X
✔️
dApp integration
✔️
✔️
X
✔️
fiat buy
✔️
✔️
X
X
asset swap
✔️
✔️
X
X

All wallets featured in this report are non-custodial.

Tron Wallet

SMS functionality: None

The TronLink wallet is lightweight mobile application wallet that allows for peer-to-peer transactions, asset swapping, staking, vote delegation and built-in browser in to interact with 3rd party dApps.

Onboarding flow

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1) Prompt to create or import wallet

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5) Back-up 12 mnemonic words

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7) Browser functionality with dApps: video

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2) TOS agreement

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6a) Wallet balances

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3) Set name and password

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6b) Personal NFT gallery

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4) Confirmation

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6c) Personal NFT gallery

NEAR Wallet

SMS functionality: None

The NEAR wallet is a lightweight web application wallet that allows for peer-to-peer transactions, asset swapping, staking, fiat-buy and ability to interact with 3rd party dApps using browser cookies.

Onboarding flow

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1) Prompt to create or import wallet

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3) Collectibles (NFT) gallery

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4) Many NEAR web dApps can be found in their “Explore” tab.

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2) Create wallet with 12 word mnemonic.*

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3) Swap functionality only includes NEAR and wNEAR, likely to interact with the Aurora chain (EVM) which has carries the defi dApps for NEAR.

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5) NEAR wallet is accessed from the cookies upon clicking “Connect wallet” on compatible NEAR dApps.

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3) Balances in USD.

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3) Fiat on-ramps lead to external sites

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*Note: In the past, a wallet could have been created with an SMS or email where the recovery keys were sent to the user directly. It was likely deprecated due to security concerns.

💴
NEAR Wallet Exploration

SMS Wallet (Harmony)

SMS functionality: Full

The SMS wallet is a lightweight web application wallet that can be created and recovered in under 30-seconds. It secures the private key encryption in the device’s files/camera roll for easy recovery and allows for peer-to-peer transactions.

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Keplr

SMS functionality: None

The Keplr wallet is an app that allows for peer-to-peer transactions, staking, interaction dApps and governance participation. Keplr harnesses Web3Auth’s (Torus) onboarding for a smooth onboard.

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