Bitget Wallet - Non-custodial cross-platform wallet, interacts with DApps

What is Bitget Wallet?

Bitget Wallet is a cryptocurrency wallet platform that allows users to store, manage, and trade digital assets across multiple blockchains. Founded in 2018, the wallet currently supports over 100 major blockchains (such as Bitcoin, Ethereum, BNB Chain, Solana, TON, etc.) and over 250,000 cryptocurrencies, along with around 20,000 DApps. It is a non-custodial wallet, meaning users have full control over their private keys and assets, enhancing security and autonomy.

In addition to the basic functions of a cryptocurrency wallet, Bitget Wallet also integrates many advanced features such as token swap, NFT market, Launchpad, staking, and smart market data, providing a comprehensive experience for users in the Web3 ecosystem.

According to CCData report (September 2024), Bitget is in the top 5 centralized exchanges (CEX) in terms of spot and derivatives trading market share:

• Market share : Binance (36.59%), OKX (14.10%), Bitget (11.0%), Crypto.com (6.48%), Bybit (13.57%). Top 5 account for about 80% of the market share .

• DEX Challenge : Decentralized exchanges (DEXs) to account for 11% of spot market share by the end of 2024, up from less than 3% in 2020.

Bitget Wallet stands out thanks to its deep integration with the Bitget ecosystem and superior multi-chain support.

What is special about the project?

Extensive multi-chain support : Supports over 100 blockchains and hundreds of thousands of tokens, including popular networks like Ethereum, Solana, BNB Chain, Polygon, as well as emerging networks like TON (The Open Network). This makes it easy for users to manage assets across multiple platforms without switching wallets.

Deep Integration with Web3 and DApps : With over 20,000 DApps integrated, Bitget Wallet is the ideal bridge for users to explore decentralized financial services (DeFi), blockchain games, and the metaverse, all in one friendly interface.

Smart Trading Feature : Integrated DEX (Decentralized Exchange) aggregator, ensuring users get the best exchange rate when swapping tokens. The “Smart Money” feature uses AI to analyze on-chain data, track the behavior of successful trading addresses, helping users detect trends and investment opportunities.

High-end security : The security system is audited by Certik and SlowMist – two leading blockchain security companies. The wallet supports secure storage with MPC (Multi-Party Computation) technology and is compatible with hardware wallets, ensuring maximum protection for user assets.

Impressive growth : To date, Bitget Wallet has surpassed 60 million global users (according to information from App Store/Google Play) and surpassed MetaMask in terms of downloads in July 2024 (1.65 million). This rapid growth shows the appeal of the wallet in the Web3 space.

Unique features :

• Launchpad and Fair LaunchPool : Allows users to participate early in new projects, providing high-yield investment opportunities (e.g. Launchpad projects have historically recorded 5-6x returns).

• Task2Get : Reward program to encourage users to explore multi-chain ecosystem, with valuable rewards such as 120,000 USDT fund for Aptos ecosystem.

• Bitget Wallet Card : Cryptocurrency bank card for BWB (now BGB) holders, supporting cryptocurrency payments at online and offline stores.

Strategic Partnerships : Bitget Wallet partners with many major projects such as TON, Pulse SocialFi, and sports partners such as LALIGA (Official Cryptocurrency Partner) and Olympic athletes, increasing global presence and promoting cryptocurrency adoption.

Bitget has built a comprehensive ecosystem, in which Bitget Wallet plays a central role:

• Trading : Supports fiat, pre-market, spot, margin and futures trading.

• Financial products : Provide Earn products and Copy Trading services .

• Information sources : Bitget Research, Bitget Academy, Bitget News, Bitget Blog.

• Investment : Partner with Foresight Ventures to invest in potential Web3 projects.

• PayFi : Launched Bitget Card and Bitget Pay , connecting crypto with real-world payments.

• Bitget Wallet : Asia's largest wallet, supporting on-chain swaps, NFT minting and DApp interactions, is the gateway to Bitget's decentralized ecosystem.

Bitget Wallet has some outstanding technologies:

Bitget Wallet's technology is built on a layered architecture, with Native Functionality, Bitget Onchain Layer, and MFD layers, which help the wallet meet user needs and connect with the Web3 ecosystem. Outstanding technologies such as multi-chain integration, DEX aggregator, on-chain data analysis, and high-end security have made Bitget Wallet one of the leading Web3 wallets.

This diagram divides the Bitget Wallet technology structure into three main layers: Native Functionality , Bitget Onchain Layer , and MFD (Modular Feature-DApp) . These layers are connected to User Needs and Web3 Ecosystem.

Multi-Chain Integration: Bitget Wallet uses multi-chain integration technology to support more than 100 blockchains. This requires:

• Multi-chain API : Connect to nodes of each blockchain to synchronize data.

• Multi-chain wallet management : Create and manage wallet addresses for each chain, ensuring users can access all assets in a single interface.

• Cross-chain asset transfer : Supports asset transfer between chains, using bridges or cross-chain protocols.

DEX Aggregator: Bitget Wallet's Swap feature uses a DEX aggregator to find the best rates from multiple decentralized exchanges. This technology includes:

• Smart Routing Algorithm : Analyze liquidity and fees from multiple DEXs to optimize trading.

• Integrate with DeFi protocols : Connect with major DEXs like Uniswap, PancakeSwap, or Raydium.

• On-chain transaction processing : Ensures transactions are executed securely and quickly on the blockchain.

On-chain data analysis (Intelligent Market Data): The “Smart Money” feature uses AI to analyze on-chain data, including:

• Blockchain Data Collection : Track transactions, large wallets (whales), and smart contract activity.

• AI Model : Use machine learning to predict trends and identify investment opportunities.

• Intuitive Interface : Present complex data in a form that is easy for users to understand.

High-end Security: Bitget Wallet uses advanced security technologies:

• MPC (Multi-Party Computation) : Splits the private key into multiple parts, reducing the risk of theft.

• Security Audit : Audited by Certik and SlowMist, ensuring secure source code.

• Hardware wallet support : Compatible with hardware wallets like Ledger, enhancing user security.

Modular Architecture: The MFD layer shows that Bitget Wallet uses a modular architecture, which helps:

• Easy Extensibility : Add new features as DApps without affecting the core system.

• Flexible Integration : Connect to new Web3 protocols without changing the entire wallet.

• Optimized performance : Each module operates independently, reducing the load on the main system.

DApps and Web3 Integration: Bitget Wallet supports over 20,000 DApps, thanks to:

• Web3 Protocol : Use libraries like Web3.js to connect to DApps.

• Smart contract compatibility : Supports token standards (ERC-20, BEP-20, etc.) and DApp protocols.

• Built-in DApp Browser : Allows users to access DApps directly from the wallet.

How Bitget Wallet Meets User Needs

• From User Needs to Native Functionality :
  Users need tools to manage assets, trade, earn, and explore Web3. The Native Functionality layer provides features like multi-chain wallets, Swaps, Launchpad, and Earning Center to meet these needs.

• Bitget Onchain Layer as a bridge :
  This layer ensures that native features can interact with the Web3 ecosystem, process on-chain data, and connect with DApps.

• MFD connects to Web3 Ecosystem :
  The MFD layer allows Bitget Wallet to deeply integrate with the Web3 ecosystem, from DeFi, NFT, to metaverse, bringing a comprehensive experience to users.

Development Team

• Gracy Chen (CEO) : Worked at Goldman Sachs and Facebook.

• Vugar Usi Zade (COO) : Former Binance employee.

• Min Lin (CBO) : Former Facebook employee.

• Hon Ng (CLO) : Worked at Goldman Sachs, 20 years of legal experience, former General Counsel at Binance.

• Staff : More than 1,700 employees from 60 countries.

Investors and investment funds

• Total amount raised : 20 million USD through 3 rounds of capital calling from 6 investors (according to Tracxn).

• Latest round : June 6, 2024, raised $1.5 million via ICO.

• Previous round : Series B (April 4, 2023), raised $10 million , with Dragonfly Capital Partners , Anlan Capital , 8 Decimal Capital .

• Valuation : 464 million USD (June 10, 2024).

• Investment Initiative :

  • Blockchain4Youth : Invest $10 million (2023-2028) for cryptocurrency startups in India.

  • Blockchain4Her : Pitch n Slay program , funding up to $100,000 for female-led startups.