Swype Crypto Wallet
What is a Swype wallet, and how is it different from other wallets?
Once on the home page, tap on the 'Wallet' to get started.
The balances might be confusing at first. The large balance in the top right is the balance of your wallet on the currently selected chain. So in the example above, you are seeing your total Arbitrum balance.
Your Swype wallet is a non-custodial, multi-chain wallet. Lotta buzzwords? Here's what that means:
When creating a new wallet, Swype stores your seed key on your device keychain. Your seed-key is a kind of password that is used to unlock the wallet and spend funds from it. You can optionally also backup your wallet to iCloud, to ensure that you never lose your seed key (unless of course apple is hacked )
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To verify that Swype is non-custodial, you can use wire-shark, and detect outgoing packets to Swype servers.
Swype never sees your seed key. Your seed key is never sent to our servers, and is stored locally on your phone.
With great power comes great responsibility. Swype can't prevent you from transacting, but in return - you are responsible for the protection of your seed key.
As of today, Swype supports the following blockchains:
- Bitcoin
- Ethereum
- Arbitrum
- Optimism
- Polygon
This means that your wallet can view funds on each of these chains. We're working to add support for more blockchains soon!
For EVM chains (or addresses starting with 0x) such as Ethereum, Arbitrum, Polygon, and Optimism, Swype uses the same seed key for said wallets. This in turn ensures that the addresses remain the same on all chains while also ensuring bridging assets between the two chains be seamless and cost efficient.