Announcement

/

September 16, 2025

Portkey V1 Service Discontinuation Notice - Please Migrate to V2

Blog Image

Dear Valued Portkey Users,

‍

As part of our ongoing commitment to provide the best possible experience, we are announcing the planned discontinuation of Portkey V1 service, effective October 16, 2025. This transition allows us to focus resources on enhanced services and improved user experiences.

‍

Important: Portkey V2 remains fully operational and will not be affected by this change. This announcement only applies to Portkey V1 users.

‍

What You Need to Do:

1. Before October 16, 2025, please log into your Portkey V1 account

2. Transfer all tokens to Portkey V2 or withdraw to an external wallet

3. Export any necessary transaction history for your records

‍

Our Commitment Regarding Locked ELF:

We understand that some users may have ELF tokens locked due to BP (Block Producer) voting commitments. We want to assure you that:

- If you have locked ELF that cannot be withdrawn before the service discontinuation

- Our team will fully compensate you for any locked ELF amounts

- No user will lose funds due to this transition

‍

Timeline:

- October 16, 2025: Last day to access Portkey V1 and migrate tokens (UTC 00:00)

- October 18, 2025: Locked ELF compensation process begins

- Ongoing: Portkey V2 continues normal operations

‍

Portkey V2 Download:

- iOS: https://apps.apple.com/us/app/portkey-wallet/id6473827308

- Android: https://play.google.com/store/apps/details?id=com.portkey.finance

‍

We appreciate your trust in Portkey and thank you for being part of our journey. Your funds' safety is our top priority throughout this transition.

‍

Sincerely,

The Portkey Team

‍

Portkey Announcements
Author Image
Portkey

Featured Post

Blog Image
Insights

February 28, 2025

How Phishing Looks Like in Web3 Wallets, and How to Prevent It

Blog Image
Insights

January 31, 2025

Innovating Game Monetisation: How Web3 Wallets Come Into Play

Read More

Blog Image
Insights

March 28, 2025

Multi-Party Computation (MPC): Decentralising Private Key Management

Multi-party computation (MPC) wallets enhance security because of how they split private keys between parties. Shared by Portkey, Web3 AA wallet.

Read Now
Blog Image
Insights

February 28, 2025

How Phishing Looks Like in Web3 Wallets, and How to Prevent It

Phishing is a common Web2 scam, but criminals have adapted it to steal digital assets in Web3. How to protect yourself? Shared by Portkey, Web3 AA wallet.

Read Now
Blog Image
Insights

February 12, 2025

What’s ERC-6900, and How Does It Matter for Web3 Crypto Wallets

ERC-6900 is made for accounts compatible with the ERC-4337 token standard. Find out how it improves Web3 wallets. Shared by Portkey, Web3 AA wallet.

Read Now
Developers
Quick StartUse Case
Resources
Help CenterMedia KitLinktree
Legal
Terms of ServicePrivacy Policy
Portkey@2024
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.