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May 30, 2024

Crypto Receiving and Cross-Chain Swap Made Effortless in Portkey

Receive tokens from different sources or swap tokens with only clicks

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Portkey is excited to announce the release of V1.16.0, featuring optimisations such as an enhanced asset receiving experience, a seamless cross-chain swap feature, and a more enjoyable chatting space. Users can now acquire their favorite crypto assets, like ELF, from various sources with just a few clicks. For deposits, a convenient option allows for cross-chain transactions and token swaps simultaneously. Additionally, the newly introduced reporting and blocking functionality ensures that Portkey remains a friendly and engaging space for all users.

Receiving Assets

With an increasing number of tokens and NFTs being issued on aelf, there’s never been a better time to dive into the aelf ecosystem and experience effortless digital asset management with the Portkey wallet. To enhance user experience in receiving assets, Portkey has revamped the token receiving page, offering various functions tailored to different scenarios.

When receiving the ELF token, for instance, the interface comprises three tabs: “QR Code,” “Exchanges,” and “Buy.” To receive ELF from other Portkey addresses, you can conveniently scan the code in the “QR Code” tab or easily copy the recipient address. Since Mainnet ELF tokens are listed on several top-tier exchanges, the “Exchanges” tab provides an option for users to seamlessly transfer ELF from their exchange accounts to the Portkey wallet, without the need for manual removal of prefix and suffix. Additionally, ELF is supported in Portkey as an on-ramping cryptocurrency, allowing you to purchase ELF directly using fiat currencies. This option is located in the “Buy” tab.

Cross-Chain Swap

Recognising the need for both token swaps and cross-chain transfers, Portkey seamlessly integrates these features into our product, making cross-chain token conversion a reality. With this new feature, users can send token A from network X and receive token B in their Portkey account, with the conversion and bridging happening smoothly at the current ratio, saving time and costs.

Simply select any token that supports cross-chain swaps, such as USDT, and click “Receive.” Then, visit the “Deposit” tab and click “Select deposit network,” where you can choose from which chain you want to deposit USDT into your Portkey account, like Ethereum, Tron, or Solana. If you wish to convert other assets to USDT, click the token logo in the “From” section and select the token to be converted, such as SGR. The swap will occur based on the latest ratio, ensuring a smooth experience while enjoying the best rates.

Reporting and Blocking in Chats

Since the launch of the chat feature, the Portkey community has enjoyed enhanced engagement and connection through diverse functions like crypto box and direct transfer. As more users experience the convenience of these chats, the need for a mechanism to maintain a positive environment has become apparent. To address this, Portkey now enables users to report objective content and block abusive users, fostering a more connected and friendly community.

Users can now long-press or right-click on a message deemed offensive or inappropriate and report it for reasons such as spam or violence. Once a report is submitted, the Portkey team will investigate and take appropriate action. In addition, with the message block feature, you can easily prevent messages from certain users. To do this, simply click on the user’s avatar, select “More,” and then choose “Block User”. If you change your mind, you can always unblock them via the same route.

Don’t forget to scan the QR code to join the Portkey Official Group and connect with the team and community. We’re currently hosting a grand NFT giveaway event, with SGR tokens being distributed to all users through crypto boxes every day!

Users with the Portkey App installed on mobile devices can choose to update via the pop-up window upon opening the app.

Users with the Portkey extension installed on desktops can wait a while for the automatic update.

Users without Portkey can download the latest version via the links below:

If you encounter trouble with installation, please email the team at support@portkey.finance or get in touch via:

Discord: https://discord.gg/EUBq3rHQhr

Telegram: https://t.me/Portkey_Official_Group

Portkey values your opinions and wishes to hear from you so that we can continually improve our product. Hence, we would appreciate it if you could take just 2 mins for this questionnaire after you try the product: https://forms.gle/CqzdzCcKGE4fo3oe6.

Hope you enjoy Portkey and have the best Web3 experience with us!

𝕏 X | 🎮 Discord | 💬 Telegram | 🏠 Website | 💻 Youtube

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Portkey
WalletWhy It Stands OutSupported Assets
Coinbase- Publicly-listed on the Nasdaq stock exchange- Holds your assets in a 1:1 ratio and does not repurpose them200+ cryptocurrencies, including BTC, ETH, XRP, and SOL
OKX- Supports 300+ cryptocurrencies and NFTs across multiple networks- Available as a mobile or desktop app, and browser extensionBTC, ETH, XRP, SOL, and 300+ more cryptocurrencies, along with NFTs on Ethereum, Solana, BASE, and more
Crypto.com App- Rewarding if you hold and build a cryptocurrency portfolio over time- Nifty features like Crypto Earn and Recurring Buy help you grow your holding easilyMore than 350 cryptocurrencies, including BTC, ETH, XRP, and SOL
Trust Wallet- Very wide range of assets- Available as a mobile app and browser extensionOver 10 million cryptocurrencies and 600 million NFTs from Bitcoin, Ethereum, Solana, Cosmos, and more
MetaMask- Can be used to complement your main Web3 wallet- Perfect for ownership of Ethereum-based tokens and NFTsAny asset on the Ethereum blockchain
Exodus- Over 100,000 cryptocurrencies supported- Buy any of them within the Exodus walletMore than 100,000 cryptocurrencies and NFTs across 16 blockchains
Ledger Stax- 5,500+ cryptocurrencies and NFTs supported- Certified Secure Element chip to shield it from online attacks5,500+ cryptocurrencies and NFTs
Trezor Safe 5- A compact device at 23g with a 1.54-inch touchscreen- Supports over 1,000 cryptocurrencies, and has a CC EAL6+-certified chipOver 1,000 cryptocurrencies, including BTC, ETH, XRP, and SOL
SafePal S1 Pro- Slim and sleek, with a 1.3-inch colour screen to show your holdings- Can be paired with the SafePal Wallet app and browser extension to grow your portfolio30,000 cryptocurrencies and more across 100+ blockchains
ZKPsMultisig WalletsTEE
StrengthsZKPs provide wallet owners with security and privacy at one goMultisig wallets are hassle-free and secure; easy to implement for any group or organisationTEEs allow Web3 wallets to achieve a similar level of security as hardware wallets
WeaknessesTransacting parties need to interact multiple times. It’s not ideal for non-real-time applications.Transaction costs are higher due to the multiple signatures – and gas fees – needed. Transaction speeds are lower too.Cannot be easily implemented for software-based Web3 wallets as it is operating system-dependent
Wallet TypeHardware WalletBrowser ExtensionMobile App Wallet
Pros- Offers the best security for Web3 digital assets- Many brands and models to choose from- You can conveniently add it to your web browser- It doesn’t take up much storage space on your PC- You can access your assets from anywhere- You can easily transfer assets between apps
Cons- You risk losing your assets when you lose the device- The cost can be prohibitive for some- Susceptible to security breaches if your browser is compromised- Functionality may be limited for some- Vulnerable to similar security breaches as browser extension wallets- You also bear the same risk of losing your assets if you lose your mobile device
Web2 PhishingWeb3 Phishing
MethodPurely reliant on offline or Web2 platforms. For example, phone calls, SMSes, publishing fake websites, etc.Utilises a mix of Web2 and Web3 platforms. For example, hackers impersonating a key opinion leader or deploying malicious smart contracts.
PurposeTo steal cash, personal information, and sensitive data.To steal digital assets and sensitive data, and control Web3 projects.
ProsCons
MPC wallets are incredibly safe thanks to their novel security mechanism.There are relatively fewer MPC wallet solutions available, as compared to multisig wallets.
MPC wallets provide you with more flexibility in managing your assets, especially if it’s a wallet for institutions or investment groups.MPC wallets appear easy to use on the outset, but they still require a level of technical expertise and cryptography knowledge.
MPC wallets greatly reduce the risk of a single point of failure.MPC wallets can take slightly longer to execute transactions because its security mechanism is fairly resource-intensive.
MPC wallets are highly decentralised, adhering to cryptocurrency’s core principles.You’d still need to manage each private key fragment carefully. After all, each one is crucial to forming the full key.