Which EVM-Compatible Chains and Tokens Does Bitpie Wallet Support? A Complete Overview and Practical Tips
Table of contents
- Introduction to EVM-Compatible Chains
- Main EVM-compatible chains and tokens supported by Bitpie Wallet
- How can you improve productivity when using the Bitpie wallet?
- Utilize asset automation management tools
- Proficient in cross-chain transfers
- Participate in DeFi projects to earn passive income.
- Learn to use the advanced features of the wallet
- Regularly update software and knowledge
- 常见问题解答
In the blockchain field, EVM (Ethereum Virtual Machine) compatible chains offer a wider range of use cases for decentralized applications and digital assets. As a multifunctional cryptocurrency wallet, Bitpie supports assets from various EVM-compatible chains, making it more convenient for users to manage and trade them. This article will provide a detailed introduction to the EVM-compatible chain tokens supported by Bitpie wallet and offer practical tips to enhance your productivity when using these digital assets.
Introduction to EVM-Compatible Chains
EVM-compatible chains are third-party blockchains built on top of the Ethereum network, capable of running the same smart contracts as Ethereum. These chains enable seamless integration with numerous decentralized applications on Ethereum by supporting the Solidity programming language. Some well-known EVM-compatible chains include:
The emergence of these chains has provided users with faster transaction speeds and lower fees, attracting a large number of developers and investors.
Main EVM-compatible chains and tokens supported by Bitpie Wallet
As a multi-chain supported wallet, Bitpie Wallet covers tokens from multiple EVM-compatible chains. The following are some of the main EVM-compatible chain tokens currently supported by Bitpie Wallet:
MATICIt is the native token of the Polygon network, widely used for paying network fees and participating in network governance. Polygon is committed to providing high-throughput and low-latency blockchain solutions, suitable for decentralized finance (DeFi) and NFT platforms. Users can conveniently manage their MATIC assets in the Bitpie wallet and enjoy the convenience of cross-chain transfers.
BNBAs a token on the Binance Smart Chain, it supports transaction fee payments, liquidity provision, and governance functions. This chain is favored by users for its low fees and fast confirmations. In the Bitpie wallet, users can easily manage BNB and other tokens in its rich DeFi ecosystem, such as CAKE, BUSD, and more.
AVAXIt is the native token of the Avalanche network, known for its high performance and low latency. The platform supports the development and trading of various DApps, making it a popular choice for DeFi and NFT projects. Bitpie wallet users can use AVAX to grow their assets and participate in projects within the ecosystem.
FTMIt is a token on the Fantom network, designed to provide fast and low-cost transaction execution for DeFi applications. Fantom supports high throughput, giving it a competitive edge in decentralized finance. Users can enjoy a variety of services within the Fantom ecosystem through the Bitpie wallet.
ARBIt is the token of the Arbitrum network, which has attracted the attention of many developers by enhancing Ethereum's scalability and transaction efficiency. Users can flexibly manage ARB tokens and related DeFi projects within the Bitpie wallet.
OPIt is the native token within the Optimism network, reducing Ethereum transaction fees through the use of Layer-2 solutions. Bitpie wallet users can easily use OP for cross-chain transactions and investments.
How can you improve productivity when using the Bitpie wallet?
Many users often feel confused when managing multiple assets. By using the automated asset management tools in the Bitpie wallet, you can set up regular asset management plans. For example, you can set alerts to notify you when the market reaches a specific price, reducing the risk of missing opportunities.
Bitpie Wallet supports cross-chain transfer functionality, allowing users to freely move assets between different EVM-compatible chains. Mastering how to quickly transfer assets between different chains can significantly enhance your ability to manage your assets, ensuring that you can always take the right action at the right time.
When managing your assets across various EVM-compatible chains, consider participating in different DeFi projects, such as liquidity pools, staking, and yield farms. These activities can provide you with passive income and help your digital assets appreciate in value.
Bitpie Wallet offers some advanced features, such as multi-signature transactions, wallet backup and recovery, among others. Familiarizing yourself with these features can not only enhance your security but also improve the flexibility of asset management. For example, you can set up a multi-signature wallet that requires the approval of multiple signers to complete a transaction, greatly increasing the security of your funds.
Keep your Bitpie wallet and its applications updated to ensure that security vulnerabilities are promptly fixed. In addition, staying informed about the latest blockchain news and technological developments can help you seize new investment opportunities and improve overall asset management efficiency.
常见问题解答
How to create a multi-signature wallet in Bitpie Wallet?
Creating a new wallet in Bitpie Wallet is very simple. You just need to download and install the app, select "Create New Wallet," and follow the prompts to set up a security password and back up your mnemonic phrase. Make sure to store the mnemonic phrase securely so you can recover your wallet in the future.
Does Bitpie Wallet support cold storage?
Yes, Bitpie Wallet supports cold storage. Users can export their assets mentioned above as private keys or mnemonic phrases and use a hardware wallet for cold storage to protect the security of their digital assets.
Make a cross-chain transfer
To make a cross-chain transfer in the Bitpie wallet, simply select the amount you want to transfer and the target chain, then follow the prompts to complete the operation. When processing cross-chain transfers, please pay attention to the target chain's transaction fees and confirmation time.
How secure is the Bitpie wallet?
Bitpie Wallet is equipped with multiple security features, including encrypted storage and two-step verification. Users are advised to regularly update their passwords, use secure mnemonic phrases, and enable all available security features.
How to recover a lost Bitpie wallet?
If you have lost access to your Bitpie wallet but have saved the mnemonic phrase or private key, you can restore your wallet by re-downloading the Bitpie app, selecting the "Restore Wallet" option, and then entering the corresponding mnemonic phrase or private key.
What are the transaction fees for Bitpie Wallet?
The transaction fees for Bitpie Wallet depend on the selected network and the transaction volume. During periods of high traffic, the fees may increase. It is recommended to check the current network congestion before making a transaction and choose the optimal time to proceed.
By fully understanding the EVM-compatible chains and tokens supported by Bitpie Wallet and their functionalities, you can not only manage your assets more efficiently but also enhance your productivity in the blockchain world by applying practical tips.
