• The new CoinStats upgrade aims to make DeFi services available to everyone

  • CoinStats has announced an upgrade to increase its functionality and become a full-fledged portfolio manager, where users can buy, sell, track, and earn, as well as receive personalized portfolio insights.

    The app connects hundreds of exchanges, wallets, and crypto platforms, aggregating all of one’s crypto holdings in one place, and has hundreds of thousands of daily and over a million monthly users.

    “Inspired by the idea of an open and transparent DeFi ecosystem, we would love to contribute to its future growth. We created a product feature that allows you to easily access the DeFi ecosystem from the CoinStats app. “You can use your existing wallet or switch to CoinStats Wallet, a new user-friendly wallet we’ve designed for exceptionally secure and easy DeFi access,” the team wrote in a release shared with CryptoSlate.

    Wallet CoinStats

    Getting started with CoinStats Wallet is as simple as it gets. If you already have a CoinStats app, simply click on the Wallet icon in the tab bar to create a new CoinStats Wallet. If you don’t already have the CoinStats app installed, go to Google Play or the App Store to get it and then easily create the Wallet.

    The Wallet includes a number of features, including the ability to buy cryptocurrency with a credit card and swap on multiple networks (such as BSC, Ethereum, and Polygon) from a single location.

    CoinStats Wallet is fast, secure, and user-friendly, with a focus on a smooth and intuitive user experience. It also allows you to on-ramp with fiat through the cheapest and most secure gateways.

    While CoinStats Wallet is a significant addition, it is only the beginning of a series of massive transformations: The team has also revealed DeFi swapping, a new CoinStats feature that plays an important role in these transformations.

    How Does DeFi Swapping Work?

    To use the swapping feature, either connect your existing wallet, such as Metamask, to CoinStats or create a new CoinStats Wallet. Three new features have been added to the app as a result of the DeFi swapping feature:

    1. The Best Swap Price

    The app gathers liquidity from dozens of decentralized exchanges on the three most popular networks (Ethereum, Polygon, and Binance Smart Chain) to provide users with the best swap price.

    2. The ease of use

    Users can switch from one coin to another in a matter of seconds without leaving their favorite portfolio tracker.

    Security

    By implementing the best evidence-based practices in the field, the CoinStats team has ensured industry-leading security standards. When dealing with intangible assets, ensuring secure and risk-free asset transfer becomes even more critical.

    Steps to follow

    The Earn feature, which will be available soon, will allow you to earn up to 20% APY on your crypto in an easy, secure, and most importantly, transparent manner.

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