Welcome to the Bulliscoming Dapper wallet review. In this article, we dive into how this wallet functions and some of its key features.
The cryptocurrency world is filled with so many new innovations, and in the same way, it is becoming more important to store crypto tokens effectively. There are different sectors of the blockchain emerging, including NFTs, crypto tokens, defi tokens, etc.
NFTs are the latest addition to the blockchain sector, and they have come up with many more innovations, including NFT games and tokens. However, since these NFTs have come to stay, it has become important to be able to store them properly where they are protected. This is where a dapper wallet comes in.
What is Dapper Wallet
There have been many different crypto wallets since cryptocurrency became widely adopted, and each strives to present better features than the other, aside from just the trust factor. The Dapper Wallet is an ERC 721-based smart wallet that is run by smart contracts.
It was created by Dapper Labs, one of the world’s most notable blockchain firms. Dapper Labs was launched in February 2018 and has even developed its own blockchain, Flow.
The Dapper wallet makes it possible for users to connect with some of their favorite blockchain games, including Cryptokitties, Moonshot, etc., and makes it easier to buy cryptocurrency via credit card from most US banks.
Dapper started to gain more popularity when it launched the NBA Top Shot platform, which is a platform where users can trade NFTs captured as moments from their favorite basketball all-stars. Some basketball legends count as the early investors among them, such as Michael Jordan and Kevin Durant.
After the successful launch of the NBA Top Shot platform, the Dapper Wallet has become a go-to wallet for users accessing blockchain games, as the smart wallet makes it possible for numerous people to access blockchain games.
The Dapper wallet is recognized as one of the major NFT gaming wallets, supporting well-known crypto games such as Cryptokitties, My Crypto Heroes, MegaCryptoPolis, Etheromon, etc.
How does Dapper Wallet work
The smart wallet runs on the ERC 721 protocol, which is said to be a more complicated and secure version of the ERC 20 protocol and is run by a smart contract. Because the wallet runs on the ERC 721 protocol, it supports cryptocurrencies built on the Ethereum blockchains, such as Ethereum, BNB, Etheremon (EMONT), VeChain (VET), OmiseGo (OMG) amongst others.
The Dapper wallet allows users to store and trade NFTs and connect with blockchain games such as CryptoKitties, Etheromon, Decentraland, etc. Another significant feature of the smart wallet is its role in the development of Decentraland and the metaverse.
Using a secure global payment system known as Simplex, the Dapper wallet makes it possible for users to buy ether directly with credit cards from accredited banks in the United States. This feature makes it easy for users to buy ethers and NFTs with fiat currency.
How to use Dapper wallet
The smart wallet, like most cryptocurrency wallets, is very easy to use and has a user-friendly interface. Thanks to the type of security protocol, the wallet is very secure. Setting up a wallet is very easy and straightforward.
Step 1
Go to the official website of Dapper and click on continue.
Step 2
On the sign-up page, type in your email address or click Continue with Google.
Step 3
Create a password and click the sign-up button, after which you’ll receive a confirmation email.
After successfully creating an account, the wallet can be used to buy NFTs, access blockchain games, buy ethers with fiat or cryptocurrency, etc.
The wallet has two versions, the web version, which can be accessed by creating an account on the official website, and also a mobile version that can be downloaded from the Google Play store. The mobile version is very convenient and easy to use, but it replicates the same high level of security as the web version. The name of the mobile version on the Google Play store is Ethereum Dapper Legacy.
Is Dapper wallet safe?
Although the Dapper wallet is very secure, in the blockchain space, it is always advised for investors to be cautious and always protect private keys. The smart wallet is widely accepted by most key players and, according to the website, it is endorsed by the biggest sports leagues such as the NBA, NFL, LaLiga, etc.
The smart wallet has, however, gained a lot of popularity among people in such a short time, onboarding millions of users on the platform.
How to withdraw from Dapper Wallet?
Before any user can withdraw from the dapper balance, you must complete the identity check before any withdrawal requests can be made.
Withdrawals from the dapper balance can be done using
- Wire transfer
- USDC transfer on Ethereum
- USDC transfer on Flow
- ACH
How to request a USDC transfer from the Dapper balance
Step 1
Go to the Dapper wallet.
Step2
Click on “Home” from the list.
Step 3
Click the withdrawal balance link found inside the dapper balance section.
Step 4
Click on USDC on the Ethereum option on the pop-up screen presented.
Step 5
Enter the amount you would like to withdraw from the Dapper wallet.
Step 6
Enter the destination wallet address that supports USDC on the Ethereum token.
Step 7
Double-check to ensure the wallet address and amount are accurate.
Step 8
After completing steps 1-7, click “Continue” and a popup notification will be presented confirming your withdrawal request.
Note: Minimum withdrawal amount is $10, and the transaction charges depend on the Ethereum gas fees.
Although withdrawals can be made directly into bank accounts using the wire option, using USDC is faster compared to the other options. USDC transfer processing time takes about 2 business days, while wire takes 5-10 business days.
How to Buy an NFT on Dapper Wallet?
In order to buy an NFT, you need to first top up your Dapper balance.
Step 1
Sign in to your Dapper wallet.
Step 2
Go to the home page where you can add to your Dapper balance using a USD transfer, credit/debit card, or cryptocurrency transfer.
Step 3
After topping up your dapper balance, go to the NFT marketplace where you can select the option to pay with the dapper balance.
Step 4
Wait for a while, after which a confirmation will be sent confirming the purchase of NFT on the flow blockchain.
The NFTs that can be bought with the Dapper wallet include some of the NFTs supported by the smart wallet, including NBA Top Shot, NFL All Day, UFC Strike, Gaia Marketplace, The Player’s Lounge, Flunks, etc.
Final Thoughts
The Dapper Wallet has grown to be one of the most recognized wallets in the space. Owing to its unique features such as access to NFTs and other blockchain games on the wallet, it makes connecting with these sectors very easy and user-friendly for users.
Aside from these features, the smart wallet gives users full control over their funds and security due to the smart contract protocol it runs on.
Also read: Web3.0 – Is Web3.0 The Future?
