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10 Best web3 wallet | Price, Safety, Features

Blockchain developer

If you are getting started with crypto trading, the first thing you’ll need is a crypto wallet. In this blog, we list the 10 best web3 wallet.

Best Web3 wallet

Web3 is a decentralized ecosystem based on blockchain. Investments from high-profile companies and crypto enthusiasts have fueled interest in web3. Web3 wallets are an integral part of the web3 ecosystem and store crypto assets. They have improved tremendously in the last few years and provide a better user experience. In this blog, we have listed the best web3 wallets.

What is a Web3 Wallet?

If you are thinking of trading in crypto you need a web3 wallet. If you are a beginner, you may be wondering, what is a Web3 Wallet? Web3 wallets are digital wallets that store digital assets. You can use them to access Dapps on various blockchains and store NFT tokens. Web3 wallets may be non-custodial, giving you complete control of all your assets. You are responsible for the safety of your wallet and must store your private keys carefully.

Also read: Metamask vs. coinbase wallet | Best crypto wallet comparison

What is Web3?

But, what is Web3? Web3 is an extension of cryptocurrency, using blockchain technology in new ways. Blockchains can store the number of tokens in a wallet, smart contracts, and code for decentralized apps (Dapps). Miners validate transactions for coins on the blockchains. All transactions are public and users’ wallets are identified cryptographically generated addresses. Blockchains are write-only chains, you can add data and not delete data on the block.

Web3 and cryptocurrencies have no centralized control and do not require users to trust or know anything about the party who does business with them. Web3 is owned by builders and users, coordinated with tokens, and aims to fix the problem of centralized networks. Web3 examples are blockchain technology, cryptocurrency, and non-fungible tokens.

How to create a web3 wallet?

Before you can use web3 applications, you need to install a digital wallet that is web3 compatible. Before you learn how to create a web3 wallet? Select the best web3 wallet tools that will help you shortlist and select the right web3 wallet. Blockchains like Ethereum allow you to compare different wallets. We will show you how to create a MetaMask wallet, the installation procedure for most wallets is similar. 

Download and install MetaMask. You can choose between “Chrome”,” iOS”, and “Android” version. 

  • We focus on the Chrome version here – Click – Install MetaMask for Chrome, Add to Chrome and Add Extension. 
  • Create an ETH wallet with MetaMask. Click on Create a Wallet button. You will need to create and re-confirm your password, checkmark the Terms and Condition box to activate the Create button, and click it. Remember to store the secret recovery phrase carefully and confirm your secret recovery phrase.

Also read: Top 10 best ethereum wallets | Detail Explanation

Why Do You Need a Web3 Wallet?

Let us understand, why Do You Need a Web3 Wallet? We can use web3 wallets to move to use the next generation of the internet. Web3 wallets are software or hardware applications that allow you to access your account and various decentralized applications like web3 Dapps. You can use your wallet as a gateway to bankless financial services, collect NFTs, create an on-chain identity, and collaborate with communities.

Where to buy the web3 project?

Where to buy the web3 project? Some cryptocurrencies are more difficult to obtain.  

  • Check CoinMarketCap to see where you can buy cryptocurrencies from web3 providers. CoinMartketCap provides purchasing options or market pairs. You can search for specific currencies and find out where you can purchase web3. Under Pairs, you will see the secondary currency.
  • Pick a platform to make your purchase for your web3 project. Different platforms have different levels of reliability, security, and liquidity. Do your research before creating an account. 
  • Purchase cryptos on your chosen platform. You can purchase cryptos with fiat currency or with other cryptocurrencies.

Best web3 wallet

Web3 wallets are self-custodial wallets that facilitate access to the 3rd generation of the web. They provide a secure, accessible, and user-friendly interface and can handle multiple assets. Defi wallets have improved accessibility for Defi users. Web3 is still developing, and web3 wallets are the foundation for building an open-source system. The best web3 wallets available are as below.

1. Trust wallet web3

Trust wallet web3 is one of the best web3 wallets in the market. It is versatile across blockchains. You can download the trust wallet app to send and receive Bitcoins, Ethereum, and non-fungible tokens. The Trust Wallet supports over 1 million tokens and is a non-custodial hot wallet. Trust wallet Dapps browser helps you find businesses and vendors that accept cryptocurrency. You can access the Trust wallet browser through the Trust wallet app.

How does Trust wallet work?

How does Trust wallet work? Trust wallet acts like a bridge to connect to different blockchains through their nodes. Every blockchain has its public address, and cryptos are encrypted and stored in these addresses. Trust wallet does not hold or control any crypto but gives you access to them. The wallet helps you manage your addresses and allows you to send and receive crypto. You can use Trust wallet for trading and stalking.

Also read: 9 Best Metaverse platforms everyone should know about

What are Trust wallet fees?

There are no costs involved in downloading and setting up the Trust wallet. You have to pay the gas fees while sending cryptocurrencies and tokens to another wallet or smart contract. You need to pay Trust wallet fees while purchasing cryptocurrencies from third-party providers and additional fees on crypto purchases made through the app. It is waived if you hold Trust wallet tokens. The published fees range from 1% to 5%.

2. Argent wallet

Argent wallet is a mobile web3 wallet and functions as a dApp browser. Argent focuses more on Defi and Dapps applications and is a popular wallet for Defi and NFT. Argent Defi wallet is available on the Ethereum blockchain. It is a non-custodial wallet meaning users retain their private keys and remain in control of their assets. Argent wallet is an easy-to-use wallet. Presently there is no Argent wallet extension to your desktop to the wallet.

Is Argent wallet safe?

Is Argent wallet safe? Yes, the security features are above industry standards. The Argent layer-2 wallet has security features like multiple signatures, private keys, remote locking, and biometric security, but does not have any seed phrase. The Argent Guardian feature has improved security on the wallet. You can use Argent guard to approve a transaction with an untrusted address, your friends or your hard wallets can become guardians. 

What are Argent wallet fees? 

You do not have to pay the Argent wallet fee for most transactions. 

You do have to pay applicable Ethereum gas fees for transactions. You have to pay Argent wallet fees for flat exchanges or crypto-crypto exchanges (0.5%). You need to pay Dapp fees if you plan to connect your wallet to other apps. Fees can vary as per application.

Also read: 8 best list of smart contract platforms

3. Coinbase wallet

Coinbase wallet is one of the best web3 wallets. A Coinbase wallet is a non-custodial wallet that permits you to store 44,000 digital assets, interact with decentralized applications, and manage NFTs. Coinbase wallets operate on several blockchain networks. You can buy, sell, and trade cryptocurrencies on the digital wallet or swap Ethereum and Polygon-based directly from the app’s decentralized exchange feature. Users can earn interest on their crypto assets.

Is Coinbase wallet safe?

Is Coinbase wallet safe? Yes, Coinbase wallet puts a strong emphasis on security. The wallet is a non-custodial wallet and only users control the private keys. The wallet uses a pin (Coinbase app) or password (browser extension) to access the account. Mobile app users can set biometric verification on the app. Coinbase is protected by Secure Enclave technology. 

What are Coinbase wallet fees?

Coinbase does not charge Coinbase wallet fees. Coinbase wallet apps are available as a free download. Users have to pay blockchain transaction fees when they send funds or interact with a smart contract. Users may get charged a variable fee when they trade on the Coinbase platform wallet. Variable fees depend on payment method, user location, trade order mode, and whether standard or instant. 

4. Ledger wallet

A ledger wallet is a hardware wallet is a physical device that stores both private and public keys. A Ledger hardware wallet is used to store multicurrency wallets offline and can send and receive cryptos. It is user-friendly and is a good option for beginners. Ledger wallets have two hardware wallets – Ledger Nano S and Ledger Nano X wallet. Ledger wallets are more secure and difficult to hack than software wallets. The ledger wallet app is available on iOS and Android platforms.

Is Ledger wallet safe?

Is Ledger wallet safe? Yes, Ledger wallets are safe. The hardware wallet has a high-security standard that uses Secure Element chips and a proprietary operating system OS called Blockchain Open Ledger System. The French National Agency for Security of Information System audits Ledger devices periodically. Users need to push physical buttons simultaneously to confirm purchases. The wallet uses a pin-code and a 24-word recovery phrase.

What are Ledger wallet fees?

You do not pay Ledger wallet fees but pay network fees for transactions and can choose network fees for every transaction. The transaction fee affects the processing speed of the transaction. Ledger Live dynamically estimates three level of fees and allow custom fees option to advanced users. For Ethereum and Ethereum-based cryptocurrencies, the gas fees are based on gas price and gas limit.

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

5. MyEtherWallet

MyEtherWallet is an Etherium wallet, used to store, send, and receive ETH, ERC-20 tokens, and NFTs. Users can experience the Ethereum ecosystem using MyEtherWallet client-side interface. MEW users can use the built-in swap function to swap tokens across the blockchain. MyEtherWallets is an open-source, user-friendly wallet that allows users to interact with the Ethereum blockchain and generate their online wallets.

Myether wallet features

Key My ether wallets are –

  • MyEtherWallet is available on the web, myetherwallet Android, and MEW wallet ios forms. You can download the browser extension.
  • MyEtherWallet allows users to create individual wallets.
  • The wallet supports Ethereum and Bitcoins and supports over 300 cryptocurrencies.          
  • You can buy, sell, swap, and exchange assets.
  • The wallet server does not store funds or confidential data.

What are MyetherWallet fees?

myetherwallet is free to download and does not charge wallet fees. Users need to pay gas fees or transaction fees. They can customize the fees and decide how much they want to pay. The minimum gas fee required for a MyEtherWallet transaction is 0.000441 Ether.

6. Authereum

Authereum wallets are Ethereum-powered smart contract wallets. You can use the wallet to connect to Ethereum applications on your computer or mobile app. Authereum is a Dapp solution provider making Dapps more accessible. You can use your favorite Dapps without downloading them. It is one of the best web3 wallets allowing users easy and quick trading of crypto coins.

How does Authereum work?

How does Authereum work? Authereum wallet is a 100% non-custodial wallet. 

  • Visit the Authereum website.
  • Click on Sign-up 
  • Enter your desired username and click Continue.
  • Enter your email address and password, and agree to the terms and conditions. Complete all fields and click Sign-up.
  • Validate your email address using the link sent to the email-id.
  • Set up a recovery phrase or account.

Is Authereum safe?

Is Authereum safe? Yes, Authereum is safe. It is a 100% non-custodial wallet, only wallet users can control the funds. Your funds are safe, even if the serves are compromised. Blockchain security experts developed Authereum, which adds to the credibility of the wallet. The wallet has a multi-factor authentication with Google Authenticator action coupled with other hardware keys to add an extra layer of security. Users need to give correct answers to security questions to recover their wallets.

Also read: How to create erc20 token? | Step-by step guide

7. Web3 wallet Metamask

Web3 wallet MetaMask is a popular Ethereum wallet. It allows you to connect with the decentralized web and run Dapps. MetaMask was first available as a MetaMask wallet Chrome extension and is now available as a wallet app and browser extension. You can buy, spend, and exchange digital assets through MetaMask. It is one of the best web3 wallets because of its enhanced security features. 

Advantages of MetaMask

The advantages of the MetaMask web3 wallet are-

  • MetaMask is available on several platforms. You can download the MetaMask wallet app from Google Play and the App Store. Google Chrome, Firefox, Brave, and Edge support MetaMask wallet extensions. 
  • MetaMask is intuitive and easy to use. 
  • You can use MetaMask web3 wallets to interact with Ethereum Dapps. Ethereum is the second-largest crypto, ETH. 
  • MetaMask is a secure wallet. It is an open-source wallet, and you need to password to log in and use the seed recovery phrase for recovery are just some of the security measures.

Is Metamask safe?

Is MetaMask safe? Yes, MetaMask is safe. The wallet has not suffered any major hacks. It is an open-source wallet, and the code is reviewed and updated regularly. Hot wallets like MetaMask are vulnerable to phishing attacks. MetaMask does not control your private keys, giving you complete control of your digital assets. You need a password or Pin to log in to your wallet. The secret backup phrase offers another layer of security.

What are the Metamask fees?

MetaMask fees are high. MetaMask web3 wallets are free to use but not for transactions. MetaMask charges a fee for swapping tokens ranging from 0.4% to 0.9%. MetaMask uses Transak and Wayre to buy Ethereum coins, both charge high network and transaction fees and can go up to 2%. You may spend over $400 for every transaction.

Also read: How to write a smart contract? | Step-by-Step Guide

8. Coinomi wallet

Coinmi is a multi-chain web3 wallet where you can access Dapps seamlessly. It is one of the best web3 wallets allowing you to manage all your assets from one platform. Coinmi wallet app supports 1770 crypto assets and over 125 blockchains. You can download the Coinmi ios wallet for your iPhone or Coinmi wallet app for Android. The wallet offers features like stalking and built-in exchange.

Coinomi wallet address

A unique feature of Coinmi is a new Coinmi wallet address is automatically every time for security reasons. However, all your previous addresses still work. You can safely use your address to receive mining payouts or any kind of transfer. You can view the history of your previous addresses by clicking on the Previous Addresses link on the Receive tab of your wallet.

What are Coinmi wallet fees?

Coinmi online wallet is completely free. You need to pay network fees when you send cryptos. The network fee depends on the coin you are sending. You can customize your Coinmi wallet fees on the wallet or use the dynamic options – low, normal, and high. Trading on the built-in exchange is free, standard fees apply if you use third-party integration.

9. Guarda Wallet

Use the Guarda wallet to manage your crypto assets from one place. You can access your wallet through your Guarga wallet app, web, and desktop. Guarda wallet has an easy-to-use interface and helpful customer service for first-time investors. Guarda supports over 50 blockchains and thousand of tokens and provides end-to-end asset management for beginners and experienced crypto investors. You can use the Guarda Ledger wallet interface to interact with blockchains and manage your funds securely and conveniently while Ledger is connected.

Is Guarda wallet safe?

Is Guarda wallet safe? Yes, the Guarda wallet is safe and has highly robust security features. There have been no reports of any security breaches on Guarda wallet. Guarda wallet is a non-custodial wallet, and users have complete control over their private keys. IT allows users to enable Face ID verification for the mobile version. You can use the Guarda Ledger wallet for enhanced security. 

What are Guarda wallet fees?

You can customize Guarda wallet fees for cryptocurrency transactions. Wallet transaction fees depend on the network. The fees can vary depending on present network conditions and how much you are willing to pay for speedy transactions. Guarda service fee for crypto purchases is 5.5% when paying with a debit or credit card. Guarda wallet exchange fee is 3.5% to use the built-in exchange service. The exchange fee is higher compared to crypto exchanges.

Also Check: Hire a cryptocurrency consultant

10. Trezor wallet

Trezor hardware wallet wallets provide you with a high level of security without sacrificing convenience. It is one of the best web3 wallets in the market and is affordable. Trezor wallet is perfect for beginners and is easy to install and use. Trezor wallet guide provides detailed instructions for the setup, purchase, and exchange of assets. You can use the Trezor web wallet to purchase crypto directly. Trezor hardware wallet is supported on desktop, Mac, and Linux and offers Chrome and Firefox wallet extensions. Android phones support Trezor but Trezor wallet ios are currently not available.

Is Trezor Safe?

Is Trezor Safe? Trezor security features are top-notch, protecting your wallet against physical and virtual threats. Your private keys are isolated and stored in this device. A pin-code is required to access the wallet, and all transactions are confirmed by physically pressing the buttons on the Trezor wallet. An additional security feature allows you to create a separate account protected by a passphrase. You can store your asset in this account if your Pin is compromised, your assets are safe. Trezor uses a 24-word seed recovery phrase. 

What are Trezor fees?

There are no Trezor fees for using the wallet aside from the initial cost of the wallet. You do need to pay the transaction fees. You can define your transaction fees on Trezor. You can select your fees from the four categories – low, economy, normal, or high or create custom fees. If your custom fees are too low, the transaction may never get confirmed.

How to write a smart contract? | Step-by-Step Guide

Blockchain developer

New to blockchain and want to learn how to write a smart contract? In this post, you will find out everything from what’s a smart contract, how to write one with examples. Let’s begin!

How to write a smart contract?

Smart contracts are self-executing contracts where the terms of the contract are incorporated into the code. The code and agreements are stored on distributed and decentralized blockchain networks. All transactions are traceable and irreversible. Smart contracts are essentially programs, and you need a programming language to write them. Developers write Ethereum smart contracts in Solidity, a program whose syntax is similar to JavaScript. In this blog, we will discuss how to write a smart contract and a guide for smart contracts for dummies. 

Also read: Hire a smart contract developer

What is a smart contract?

Before you learn how to build a smart contract, you need to understand what is a smart contract? A smart contract is a self-executing contract stored on a blockchain, that is executed when the terms and conditions of the contract are met. Participants are sure it will be implemented, without any delay or involvement of an intermediary. It makes transactions traceable, transparent, and irreversible. Disparate, anonymous parties can execute smart contracts without requiring a central authority, legal system, or external enforcement. 

Also read: Hiring Metamask developer – All you need to know

Smart contract blockchain

A smart contract is a digital contract with the security of blockchain. A smart contract has details and permission written in code that require the exact chain of events to occur to trigger the agreement of the terms mentioned in the contract. The contract can have a deadline. Smart contract blockchain is embedded into the blockchain, making it transparent, immutable, inexpensive, and decentralized. 

Smart contract examples

Smart contract example are –

  • Government voting system – Smart contract provide a safe environment for voting system. It is less susceptible to manipulation. Voting using smart-contract would be ledger-protected and difficult to decode. 
  • Healthcare – Blockchain can store the encoded health record of patients, accessed only through private key. 
  • Supply chain – Traditional supply chain system requires multiple approvals and is susceptible to delays, fraud, and loss. Smart contracts can be used for inventory management and automatic payment. 

Also read: Best Defi Wallets 2022

How do smart contracts work?

Before we start to learn how to write a smart contract, let us understand how a smart contract work? Smart contracts follow a simple if/when clause written on the blockchain. A network of computers executes the action when the clauses in the contract are met and verified. Blockchain is updated after a transaction is completed. 

All participants must be satisfied with all terms and conditions. They must determine how transactions and data will be represented on the blockchain and agree on if/when rules governing the transaction, examine all possible exceptions, and have a framework to resolve disputes. The smart contract developer proceeds to program the blockchain. 

Also read: Hire a blockchain analyst

Smart contract use cases

The top smart contract use cases are:

  • Digital Identity: You can use a smart contract to create a digital identity. You can share your digital identity with companies you want while protecting it from counterparties. A smart contract can help counterparties know their true identity or verify transactions.
  • Health and agriculture supply chain: You can use smart contracts to reduce the wastage of food and medication. An IoT smart contract can be written to assign a public key to packages whose data exists on a distributed ledger, along with the package location, and add additional information like the medical facility that owns it. All stakeholders can access their needs and find matches between markets and commodities faster.  
  • Real estate and crowdfunding: Token economy has changed how commodities are bought and sold and project funding. Smart contracts have reduced paperwork. You can tokenize assets, and different people can own portions. 

Also read: What to know before hiring a cryptocurrency consultant

Benefits of smart contracts

The benefits of smart contracts are:

  • Speed, efficiency, and accuracy: Smart contracts are implemented as soon as the contract terms are met. The contract is digital and automated, and you do have to deal with paperwork.
  • Trust and transparency: Since no third party is involved and all encrypted records are shared across participants, you do not have to worry that information is being tampered. 
  • Security: All blockchain transactions are encrypted and are difficult to hack. All entries on a distributed ledger are linked to the previous and next entries. Hackers would have to change entries on the entire chain to change a single record.
  • Saving: Smart contract eliminates the need for intermediaries to conduct transactions and the fees and time associated with them. 

Also read: Hiring Defi developer – All you need to know

Types of smart contracts

There are three types of smart contracts are:

  • Smart legal contract: Smart legal contract is the most common type of smart contract. The contracts are legally enforceable, and all parties need to fulfill a contractual obligation. Failure to fulfill obligations may result in strict legal actions. 
  • Decentralized Autonomous Organizations: Decentralized Autonomous Organizations (DAO) can be defined as communities. The communities rules are defined in the smart contract, combined with the governance mechanism. The rules may be specified in many smart contracts and work together to overlook the activities of the contract. 
  • Application of smart contract: The contract contains application-based code synced with other blockchain contracts. It enables communication across devices, such as merging the Internet of Things with blockchain technology. 

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

How to write a smart contract?

Before you learn how to write a smart contract, you need to understand what is EVM and gas. EVM or Ethereum Virtual machine provides a run-time environment for smart contracts. Gas is the unit of measurement used to assign a fee for each transaction with a smart contract.

Each computation in the EVM requires gas. Complicated smart contracts will require more gas. You need to create your wallet for smart contract crypto.

Here is a smart contract guide you can use.

STEP 1: Finding an open-source Solidity Contract

The first step is finding an open-source solidity contract. You can use the contracts to build secure smart contracts in Solidity. You use them to minimize risk by using battle-tested libraries for smart contracts on Ethereum. You do not have to start your program from scratch. You reduce the risk of vulnerabilities in your smart contract app by using standard, community-tested code. 

STEP 2: Defining abstract token contract

The defining abstract token contract helps contains a map of account addresses and their balances. The balance represents a value that is defined by the contract creator: one token contractor might use balances to represent physical objects, another monetary value, and third the holder’s reputation. The unit of this balance is called a token. When tokens are transferred from one account to another the token contract updates the balance of the two accounts. 

STEP 3: Defining abstract store contract

Contracts in Solidity are like classes in object-oriented programming. Abstract store contracts have at least one function without its implementation. You cannot create an instance of the abstract token. 

Defining abstract store token contract allows you to identify the base contract from which another contract can inherit. You can define an abstract contract by using the word abstract. Along with improved extensibility, abstract contract helps to provide better self-documentation, instill patterns, and eliminate code duplication. 

Also read: Hiring a DAO developer

STEP 4: Writing test cases for use with TDD

TDD or test-driven development is a method for software development. TDD does not write code but makes a failing unit test pass and then makes the code work. Writing test cases for use with TDD has several advantages:

  • TDD simplifies the writing of code. Without a test case, one function may become a universal function, making it difficult to test later.   
  • TDD makes the code more readable. Test code helps programmers to know which input function to receive and which output function to return. 
  • It ensures the completeness and correctness of the code. 

STEP 5: Implementing smart contract code

Before you begin implementing smart contract code:

  • Text editor: You need a text editor to edit smart contracts before deployment. 
  • MetaMask extension is used to make transactions for the deployment of the smart contract.
  • Compiler: Remix Ethereum is an online compiler and is used for creating, compiling, and deploying the smart contract. 
  • Wallet to deploy smart contract and the wallet address is recorded in the deployment of contract.

Smart contracts are written in Solidity and saved with the extension .sol. You can use the Remix Ethereum platform to create folders based on your requirement. Click on the file option to create a filename. sol and use the git integration to store the smart contract on Github. You need to define the owner’s account to burn tokens if required. 

Also read: Hiring a corda developer 

STEP 6: Creating a custom dev chain for testing

Due to the immutability of smart contracts, they must be tested thoroughly before they are deployed. When it comes to writing automated tests, developers can: 

  • Solidity Test    
  • Javascript/Python/other language tests. 

Creating a custom dev chain is the process of designing, creating, deploying, and maintaining software for a specific set of users, functions, or organizations. Custom dev chain for testing has the following benefits:

  • Efficiency       
  • Scalability       
  • Lower Integration costs
  • Profitability 
  • Independence 

 

Smart contract deployment

You need to deploy your smart contract, so it is available to users on the Ethereum network. Unlike most software, a smart contract does not run on a server or a computer but lives on the smart contract network. Interacting with smart contracts is different than traditional applications. Smart contract deployment requires you to send an Ethereum transaction containing the compiled code without specifying the recipient. To deploy smart code you need:

  • Contract’s bytecode       
  • ETH for gas·       
  • Deployment script or plugin       
  • Access to Ether node, either by running your own or connecting to a public node or via an API key using a node service like Infura and Alchemy. 

How to interact with a deployed smart contract?

We will now learn how to interact with a deployed smart contract-

  • Install Web3 library: Web3.js is a library used to make requests to the Ethereum chain. You can choose your library from web3 providers.
  • Create a contract: interact.js file
  • Grab your contract ABI: The ABI is the interface that interacts with the smart contract. 
  • Create an instance of the contract: To interact with the code you need to create an instance of the code. 
  • Read the init message: Read the init message stored in the contract and print it to the console.
  • Update the message
  • Update the .env file
  • Create the transaction
  • Sign the transaction
  • Call update message and run contract-interact-js. 

Also read: Best metaverse platforms 

How to audit a smart contract?

A smart contract audit examines and comments on a project’s smart contract code. The smart contract security audit is useful for Defi smart contract projects that can handle transactions worth millions of dollars. How to audit a smart contract?

  • Start by determining the scope of the smart contract audit. You need to know the specification and purpose of the smart contract. You should understand the project goal when writing and using the code. 
  •  Provide an initial quote based on the quantum of work.
  • Run tests to audit the contract. The type of tests carried out will depend on the audit team, their analysis tools, and methods. The auditors usually carry out manual and automated tests. 
  • The first draft report contains errors found, feedback, and follow-up fixes recommendations.
  • Publish the final report after analyzing actions by the team to address concerns raised. 

How to verify a smart contract?

Etherscan is a Block Explorer and Analytics used to verify smart contracts. You may want to verify your new Defi smart contract applications or smart contract NFT. How to verify a smart contract? You can verify your smart contract,

  • Verify and publish – Under the contract address, next to the “Transaction” tab, you will find the “Code” tab. You need to click “Verify and Publish.”
  • Verify Contract Code – Contract users can use Etherscan’s new Beta source Code Contract Verifier, the verifier has a “run” option on top of the verify contract code page. You need to enter information such as contact name, compiler version, optimization option, and complete code. The contract code should be deployed in a single file, flatten, and with all imports removed. You can enter constructor arguments and other libraries at the bottom of the page. Before clicking the Verify and Publish button, you need to complete the Recaptcha. The contract will be verified.  
  • Confirm contact details – After the contract has been verified, the code page will be filled with contract details. The source code of the contract is publicly available on Etherscan. 

Also read: Hiring an Algorand developer

FAQs on creating a smart contract

How to find a smart contract address?

Ethereum has two addresses:

  • Smart contract address
  • Wallet address or EOA

A smart contract address uniquely identifies the smart contract on the blockchain. The smart contract address is a series of numbers and characters that starts with 0xba. You can find the smart contract address by looking for the field “Interacted with (To)” and then follow the contract link to find more details. 

Is Bitcoin a smart contract?

Yes, Bitcoin is a smart contract platform. When we think of smart contracts we generally think of Ethereum smart contract, Solona smart contract, or Tron smart contract platforms. A smart contract is a way that lets us take a conventional legal contract and move the enforcement from government jurisdiction to enforcement through software and hardware. Bitcoin network functions as an arbitrator, enforcing the proper execution of smart contracts without relying on a central authority. It provides a mechanism for contracts to be observable, verifiable, and enforceable. 

What is the best platform for smart contracts?

The best platform for smart contracts is Ethereum. Ethereum is the leading smart contract platform in the world and is the top choice to create a smart contract. Ethereum smart contract is popular because of the degree of standardization and support offered. Smart contract development is simplified, thanks to the clearly defined rules. ERC20 smart contracts are written in Solidity, which not only helps with standardization but simplifies the process. 

Are smart contracts legal?

Since not all agreements must be in writing to be legally enforceable, smart or self-executing contracts would be considered valid in many jurisdictions. In a smart legal contract, the agreement summarizes the terms, and parties involved are required to honor the terms or be ready to face legal action. To be legally binding, the smart contract needs to comply with basic contract law requirements. 

How do smart contracts make money?

  • Smart contract development is not cheap and prices for development can vary from $7000 to $45000 depending on the complexity of the contract. The price is not inclusive of development. 
  • The costs of transactions or gas fees are a major expense in the smart contract. Supply and demand on the blockchain determine the price. If your gas fee is too low your transaction may not go through.
  • Smart contract audit cost – companies auditing smart contracts can charge anywhere from $5000 to $15000 depending on the complexity of the code. 

Are smart contracts only on Ethereum?

No smart contracts can be created on:

  • Bitcoin: Provides a Tuning- incomplete script language that allows the creation of custom smart contracts.       
  • Cardano: Cardano is a decentralized, open-source blockchain that supports smart contract functionality. ADA Smart contract is fast,  scalable, and has broader interoperability. 
  • Avalanche: Avalanche smart contracts is one of the fastest smart contract platforms. It is agile and has a low transaction fee.        
  • Solana: Solona smart contract uses a proof-of-history algorithm to process the transaction more quickly. 
  • Tron: Tron smart contract is a computerized transaction protocol. Currently, Tron smart contract supports Solidity language and has its features. It is the best platform for content-sharing and entertainment. 
  • Polygon: Polygon smart contract supports Ethereum consensus, smart contract, and stalking for the native Matic token. 

 

Metamask vs. coinbase wallet | Best crypto wallet comparison

Blockchain

Metamask vs. coinbase wallet article will discuss the comparison of two wallets based on various factors such as fees, crypto, staking, tokens etc. We will compare every factor in this metamask vs. coinbase article.

Metamask vs. Coinbase wallet

Metamask vs. coinbase wallet

A cryptocurrency wallet is digital storage or device that protects private keys and assets and allows you to send and receive crypto. There are several online wallets. Metamask wallet and Coinbase wallets are popular software wallets with a large customer base. If you are choosing between the two, here is a detailed comparison with MetaMask vs. Coinbase Wallet, that hopefully helps you decide.

Also read: Hire a blockchain analyst

What is MetaMask?

What is Metamask? Metamask is a browser plugin that acts as an Ethereum Wallet. It is easy to install like a regular plugin. You can use the wallet to store Ether and ERC-20 tokens and make transactions to any Ethereum address. You can use Metamask to connect to Ethereum based dApps and enter the emerging world of decentralized finance.

Also read: Hiring Metamask developer – All you need to know

Advantages of MetaMask

The advantages of Metamask are:-

  1. Metamask is available on many platforms. MetaMask Android and iPhone apps are available. It works as a browser plugin on Google Chrome, Firefox, Brave, and Edge.
  2. Metamask is a secure wallet, with features including encryption, log-in password, and the Secret Backup phrase. You have control over your private key and can store your cryptos securely. It is open-source feature makes it harder to hack.
  3. Metamask is an Ethereum wallet, it supports Ethereum-based tokens. Metamask acts like a bridge to interact with decentralized apps which operate on the blockchain network using smart contracts.
  4. Both the extension and Metamask mobile apps are user-friendly. Buttons are clear and structured.

Also read: Best Defi Wallets 2022

How does Metamask work?

You may want to know how does Metamask work? The wallet works with JavaScript by injecting Web3 objects into the website. This does not alter the page, but it adds functionality that makes it possible to access the Ethereum platform. MetaMask is a browser extension that lets you run dApps without being part of the Ethereum network as an Ethereum Node.

You connect to an Ethereum Node called INFURA, and it runs smart contracts on INFURA.

Also read: Hiring smart contract developer

How much are Metamask fees?

We have listed the advantages of Metamask platforms above. Metamask fees are high. Metamask Wallet is free to use but not for transactions. Metamask swap fees can range from 0.4% to 0.9%. You may spend over $400 weekly for every transaction.

Metamask Gas Fees are high and are determined by its services and factors like the price of ETH at the time of purchase, sending ERC-20 tokens, swapping, and complication of the transaction. Metamask cost shows a suggested gas fee, which you can use as a guideline, or adjust the gas fee manually.

Also read: Hire a blockchain analyst

What is a Metamask wallet?

What is Metamask Wallet? Metamask wallet is a free hot wallet service, available as a smartphone app or a browser extension. Meta wallet is a crypto wallet providing support for ETH tokens like ERC-721 and ERC-20. You can access any decentralized application or NFT marketplace with your wallet. The MetaMask browser plugins ensure a convenient experience. Metamask web3 browser extensions serve as a gateway to dApps, web browsing, Defi, and blockchain technology.

Also read: What to know before hiring a cryptocurrency consultant

How to create a Metamask wallet?

Do we discuss how to create a Metamask Wallet? Metamask crypto wallets are one of the simpler Ethereum Wallets and dApps browsers to use. It is easy to set up, you do not need an email address or personal identification during setup. You can create Metamask wallets on your desktop or the Metamask wallet app on your smartphone.

Also read: Hiring Defi developer – All you need to know

How to set up a Metamask wallet?

We will learn how to set up a Metamask wallet.

  1. Download Metamask on AppStore or Google Play Store.
  2. The app has three options: create a new wallet, sync with Metamask extension, and Import using Seed Phase (already existing wallet).
  3. To set up a new wallet, you have to create a new password iPhone users can later use your FaceID. Create a password using a combination of upper and lower case, symbols, and numbers, when finished tap on “Create Password”.
  4. Metamask will now create a wallet. You now have a functioning wallet.
  5. You need to create a backup and verify your recovery phrase.

How to install the Metamask extension?

  1. You need to download and install the Metamask extension/addon for your browser extension.
    Click the “Get Started” button to create your Ethereum wallet.
  2. Pick a password that is at least 8 characters long. We recommend you use a unique password.
    Read and accept the Terms and Conditions and click “Create”.
  3. MetaMask will present you with a 12-word backup phrase. Write down the phrase carefully and store it in a safe place. Click Next once you are done.
  4. Click All Done on the final page.

Is Metamask a hot wallet?

Is Metamask a hot wallet? Yes, Metamask crypto wallets are hot wallets. Crypto wallets are based on software or hardware application. Software wallets connected to the internet are called hot wallets, and MetaMask is a software application.

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

What is a Coinbase wallet?

Coinbase Wallet is a self-custodial wallet, giving you complete control of your crypto. You own the private keys, the keys are stored directly on your mobile device and not on the centralized exchange. You can store all your cryptos and NFTs in one place. The wallet supports thousands of tokens and a whole world of dApps.

What is Coinbase fiat wallet?

You can digitally store your flat currency in a fiat wallet. Many cryptocurrency exchanges offer fiat wallets to simplify the buying and selling of cryptocurrency. You can use your bank account to deposit funds to your Coinbase fiat wallet to purchase assets and trade on Coinbase immediately.

What is a Coinbase hardware wallet?

Hardware wallets are physical devices that store your private keys and crypto offline. Coinbase wallet recently extended its support for Ledger hardware wallets. Coinbase hardware wallet allowed users to be in complete control of their transactions, and without the private key, they cannot move funds from their account. Coinbase plans to bring in support for other hardware wallets as well.

What is Coinbase wallet used for?

What is Coinbase wallet used for? Coin base wallet helps you –

  1. Manage all your digital assets in one place.
  2. Control your private keys.
  3. Send and receive cryptocurrencies from anywhere in the world.
  4. Browse dApps.
  5. Shop at stores that accept cryptocurrency.

How to create a Coinbase wallet?

How to create a Coinbase wallet? You can create a Coinbase wallet on mobile or as a browser extension. Setting up your Coinbase desktop version, running on the browser, and is easy to create.

  • Download Coinbase Wallet from the website and add an extension to your browser.
  • Click on the erc20 wallet Coinbase icon to start the wallet creation process.
  • Click on “Create new wallet” and securely store the 12 word recovery phrase and back up your wallet.

How does Coinbase wallet work?

How does Coinbase wallet work? Coinbase wallet is easy to use.

  1. Open Coinbase Wallet
  2. You can Buy and Transfer
  3. Select the supported crypto.
  4. Enter the amount you want to transfer

Coinbase vs. Coinbase wallet

Coinbase.com is a crypto brokerage where you can buy and sell crypto in exchange for cash. It stores your crypto for you when you buy it. You do not need a Coinbase.com account to use a Coinbase wallet.

A Coinbase wallet is a self-custody wallet. You can store the private keys on your device and not on the centralized exchanges. Coinbase.com is like a brokerage firm that stores your crypto for you, while a Coinbase wallet is similar to a cash wallet giving you complete control of your crypto assets.

Benefits of Coinbase wallet

Benerfits of Coinbase wallet are:

  1. Coinbase wallet is user-friendly with a clean interface design.
  2. It supports a large number of crypto assets including ERC-20 and ERC-721 tokens.
  3. Coinbase wallet security has two layers, the wallet is non-custodial.
  4. Only the user has access to the private keys. You can set up a PIN or password and provide biometric verification.
  5. You can access decentralized application dApps across multiple blockchains.
  6. It only charges network fees.

What are Coinbase wallet fees?

Coinbase wallet fees are free. Users need to pay blockchain transaction fees when users send funds or interact with smart contracts. Transaction and trading costs range from 0.5% to 4.5%. The fees can depend on factors such as cryptocurrency, transaction fee, and payment method. There are no transaction fees, for transactions between Coinbase wallets, and network fees apply for transactions with other wallets. Coinbase charges flat fees for transactions below $200 and a percentage fee above $200.

Is Coinbase a cold wallet?

Is Coinbase a cold wallet? No, Coinbase’s non-custodial wallet is a digital wallet that uses hot storage for storing cryptocurrencies. This means the Coin base wallet is a hot crypto wallet. It stores the majority of the crypto coins online. Coinbase digital wallet does not use cold storage devices like hardware wallets and encrypted data devices.

Also read: Hiring a corda developer 

Metamask vs. coinbase wallet

Coinbase offers numerous cryptocurrency-related services, including crypto wallets. MetaMask wallets is another trusted crypto wallet. We will compare the features of Metamask vs. Coinbase wallet.

Coinbase is one of the leading exchanges in the US. Coinbase wallet is one of its most popular products, and many countries use the application. Coinbase is a non-custodial wallet that stores thousand of crypto tokens, and NFTs, and can be used in dApps and Defi platforms.

ERC20 Metamask wallets is a hierarchical cryptocurrency wallet supporting Ethereum-based tokens. You can store, send, and receive tokens from Metamask.

1. Cost

Comparing Metamask vs. Coinbase wallet fees, we see Metamask is more affordable than Coinbase. Coinbase fees are 300% higher than Metamask.

Also read: Best metaverse platforms 

2. Security

If you compare the Metamask vs. coinbase wallet security is as follows

Metamask has a secret recovery phrase and is an open-source wallet with constant code audit.
Coinbase BTC wallet is a non-custodial wallet. You have access to the private keys, and set your own password or pin or biometric verification. 98% of the funds are store around the world and sensitive data is stored offline.

3. Type

Metamask vs. coinbase wallet software and browser comparison.

Metamask browser plugins serves as an Ethereum wallet and can be installed like a regular plugin. Once you installed it , you can store Ether and other ERC-20 tokens, make transaction to any Ethereum address while Coinbase wallet is software product that  allows users to buy and store crypto assets, access dApps, and store NFTs.

4. Available cryptocurrency

Metamask vs. coinbase wallet crypto comparision as follows.

Coinbase supports over 100 cryptocurrencies and regularly updates the list. Some popular cryptocurrencies are Bitcoin, Ethereum, and Cardino.

MetaMask wallets is an Ethereum Wallet. It allows you send Eth-based token, Binance Chain Tokens, and other crypto coins.

5. Availability on desktop

Metamask vs. coinbase wallet desktop versions

Metamask is available as a browser plugin. Metamask wallet connect to various dApps and deFi apps.

Coinbase desktop is available as browser extension.

Also read: Hiring a polygon developer 

6. Availability on Android

Metamask vs. coinbase wallet Android – both wallets have apps you can download and install from the Google Play Store.

7. Availability on iOS

Metamask vs. coinbase wallet ios version– Both wallets have app you can download from App store.

8. Release date

Metamask vs. coinbase wallet release date

Matic Metamask was released in 2016 while Coinbase was released in 2018.

9. Compatibility with hardware wallets

If you compare MetaMask vs. coinbase hardware wallet we learn.

MetaMask with Ledger and Trezzor wallet is compatible . Metamask ledger is not available on mobile and Coinbase recently added Ledger hardware support.

10. Open source

If we compare Metamask vs. coinbase wallet open source feature. Both MetaMask and coinbase are opensource.

11. Asset swaps

Metamsk vs. coinbase  wallet asset swaps.

Wallet swap is not supported on Coinbase while Metamask Swaps are now available on Android and IOs.

.Also read: Hiring an Ethereum developer

12. Built-in exchange

Coinbase has a built-in exchange feature you can use the trade feature to send wallets to DEX services like UniSwap or 1. an inch exchange and Metamask has no built-in exchange.

13. Staking options

Comparing Metamask vs. coinbase wallet staking we learn both platforms offer to stake.

Metamask you can stake on ETH and Coinbase you can stake on ETH,  Tezos, or Cosmos

14. NFT support

The difference between Metamask vs. coinbase wallet nft

Presently you can use Metamask Mobile to manage your NFTs and Coinbase nft wallet allows you to buy, sell, transfer, and store NFTs.

15. Number of crypto supported

If we compare Metamask vs. coinbase wallet crypto we learn.

Metamask supports Ethereum-based coins and Coinbase supports BTC, USDC, Ethereum, and ERC20.

Hope you get an idea of the difference between MetaMask vs. coinbase wallet crypto.

16. Number of supported tokens

If we Metamask vs. coinbase wallet tokens.

MetaMask support 1000+ tokens and Ethereum supports 1500+ tokens.

17. Wallet connectivity

Comparing the difference between Metamask vs. coinbase wallet connectivity we learn both wallets have WiFi connectivity, and mobile, and web connectivity.

18. Payment methods

Metamask vs. coinbase wallet payment

Metamask allows payment through PayPal and Coinbase allows payment through wire transfer, credit/debit card, PayPal, and Cryptocurrency.

 

FAQs on Metamask vs coinbase wallet

Can you link Coinbase to MetaMask? 

Coinbase Wallets give you the flexibility to import any Ethereum-based wallet that you may have with another provider like MetaMask. Most Ethereum Wallets have a 12-word recovery phrase which is like a key to your wallet. When you import your MetaMask wallet you use the recovery phrase in the Coinbase Wallet.

How do I transfer ETH from Coinbase to MetaMask?

To transfer Coinbase to MetaMask:

  1. Log in to your Coinbase account.
  2. Log in to your MetaMask account and click on “Buy and Send”.
  3. Each cryptocurrency has its own address to ensure you select the correct address. (ETH for Ethereum address).
  4. Copy the MetaMask wallet address for ETH on the clipboard.
  5. Paste the address into the address field remember to confirm the address before you hit send.

Is Coinbase wallet erc20 compatible?

Yes, Coinbase wallets support several types of tokens including all ERC-20 tokens. It supports tokens on EVM-compatible chains like Avalanche C-Chain and Polygon. Coinbase supports every ERC20 from Aave to ZRX. You can use it how and where you’d like.

How to get a wallet address on Coinbase?

You can find your unique crypto wallet addresses on the web or Coinbase mobile app. If you are using a web browser, you need to sign in to your account and go to Crypto addresses. Under assets, click Add to get QR for each cryptocurrency.

If you are using a Coinbase mobile app, tap on Receive on the Home tab. Tap the asset at the bottom to view a list of supported assets and select the asset you want to receive. After you select the asset, you can view the QR code and address.

How to buy NFT with MetaMask on OpenSea?

Head to the OpenSea Website and press the profile symbol in the upper-right section. Choose “My Profile” and press the ‘Get MetaMask’ button. You will need to download the necessary extension for your browser.

  1. Click “Install MetaMask”. After the installation process is complete you will see the “Welcome to MetaMask” page. Press the “Get Started” button.
  2. Choose “Create Wallet” and set up your password. Save your password write down, as it serves as a backup access to the account.
  3. Press “Next” and choose your secret phrase.
  4. Tap the “Confirm” after arranging the phrase correctly.
  5. Click the “All done” button and hit “X” if MetaMask presents a window asking to swap your tokens.
  6. Select “Next” to link your Wallet with the OpenSea account.

What countries does Coinbase support?

Coinbase is available in over 100 countries. Cryptocurrency conversion services are available in Australia, Canada, Singapore, the United States, the United Kingdom, and several countries in Europe. Even if buying and selling options are unavailable in your country, you can use Coinbase for sending and receiving funds, storing funds securely, recurrent payment, and crypto wallet.

Is Coinbase pro a wallet?

Coinbase Pro is a well-known cryptocurrency exchange owned by Coinbase Global Inc. You can use it flat money (USD or Euro) to buy various currencies. Coinbase Pro offers more transaction types than Coinbase and charges lower fees. It is a popular option for active users.

Is MetaMask better than Coinbase wallet?

After comparing Coinbase and MetaMask wallets we can see Coinbase has a higher money score compared MetaMask. Coinbase has a better security feature. Coinbase has a higher number of supported crypto with 8 cryptocurrencies available while MetaMask supports 2 different cryptocurrencies.

 

 

 

10 Best Defi Wallet 2022 | Top decentralized finance cryptocurrency wallets

Blockchain

Looking for the best Defi wallet to choose from? In this post, we are going to deep dive into the top 10 defi wallets and compare features and prices.

New Best Defi Wallet

Traditional financial institutions are facing stiff competition from Defi. Defi or decentralized finance is a fundamental disruptor in blockchain and has pioneered concepts like synthetic assets. You need Defi Wallets to enable users to connect and interact with the decentralized finance ecosystem. Different wallets have different features like mobile accessibility and cross-chain compatibility. In this blog, we discuss the best Defi wallets of 2022.

What does Defi mean?

Let us understand what does Defi mean? Decentralized Finance (Defi) is an umbrella term used to describe financial services built on secure blockchain and governed by smart contracts. Defi gives you the flexibility to avail of services offered by banks like earning interest, borrowing, lending, buying insurance, trade-in derivative, and trade assets.

Defi is faster, does not require a third party, and requires paperwork. Defi allows for global peer-to-peer, open, and anonymous networks. Defi has tried to create an alternative to Wall Street without the related costs. It aims to create open, free, fair financial markets accessible to anyone with an internet connection.

Also read – Why are NFT Gas fees so high? | Deep dive into gas fees

What are Defi tokens?

What are Defi tokens? Defi tokens are assorted cryptocurrencies native to automated blockchains that use smart contracts. We can use the tokens to access financial applications and services built on various blockchain platforms. Defi tokens are an integral part of the decentralized ecosystem We use them in decentralized applications running on smart contracts. You can manage and store your Defi Tokens in your Crypto Defi Wallet.

What is Defi pulse?

It is tough to find reliable and useful information on cryptocurrency. One of the best tools for the Defi community is Defi Pulse. But what is Defi pulse? Defi pulse is a website that provides the latest analysis and the ranking of decentralized finance protocols. It is the leading resource on

decentralized finances. You can use the Defi Pulse index to track the performance of tokens within the decentralized finance industry. The rankings keep track of the total value blocked within the smart contracts of popular Defi applications. You can use Defi List to learn about the best resources available in Defi and read Defi Pulse Farmer to get the latest news and opportunities in Defi.

Defi use cases

Users have a window to new economic opportunities thanks to decentralized finance protocols. Defi is emerging as a massive effort to create an alternative financial system based on Ethereum. Hardware wallets like Ledger Nano allow you to access various Defi use cases. Some impactful Defi use cases are listed below.

  • Asset Management – Users have greater control over their assets. Use popular Defi tools to manage your assets, including purchasing, selling, earning interest, and transferring assets.  
  • Unlike the traditional banking system, Defi protects data privacy. 
  • Compliance and KYT – Traditional banking systems have extensive Know-our-Customer (KYC) protocols. Banks introduced KYC to prevent money laundering and terror financing. KYC conflicts with Defi’s privacy efforts. Defi addresses the problem using the know your transaction method. The method focuses on transaction behavior and digital addresses rather than user identity. 
  • Data Analytics – Defi projects like Defi Pulse and CoDefi Data give detailed data analytics and risk management. Users can use the data analysis to find new opportunities and better risk management. 
  • Insurance – Traditional insurance companies have become bureaucratic with cumbersome paperwork and procedure. Insurance companies can implement smart contracts and automate most processes. 
  • Lending and borrowing – The Defi ecosystem is giving competition to the traditional banking system by offering lending and borrowing. Defi ecosystem offers peer-to-peer borrowing and lending. Borrowers can take loans when required, and lenders can earn interest on their assets. Defi lending uses blockchain technology to offer a transparent borrowing system. 
  • Defi exchanges – Defi exchanges allow users to borrow and lend money and insure themselves against risk, trade in different cryptocurrencies and earn interest.

How to buy Defi?

You can purchase cryptocurrencies like Defi can be purchased decentralized exchange. You can use ETH to buy Defi. Here is how to buy Defi

  • You need a hardware or software wallet. You can download the Trezor Suite and use the in-app trade feature to have secure and instant access to different cryptocurrencies. A hardware Trezor wallet lets you buy, sell, and trade from your address.
  • When creating a non-custodial wallet, you will be given a twelve-word recovery phrase. Store this phrase carefully, as anyone with the phrase can access your account. 
  • Before zeroing in your wallet, compare the network fees offered on various wallets. 
  • Use the trade tab to buy Defi tokens.

Also read – Hiring Defi developer – All you need to know

Where to buy Defi crypto?

You may be wondering where to buy Defi crypto? Each network has its network with native tokens. You can use these tokens to pay the wallet network fee. You have the option to buy the assets by investing in Defi on centralized exchanging. You can transfer the tokens onto the wallet, ensure you are using the correct network

What is a Defi Wallet?

Let us decode, what is a Defi Wallet? Defi wallet is a non-custodial wallet holding your crypto assets. Users have complete ownership and control over their assets, and it eliminates the need for a third party. You need a seed phrase or private key to access your account. We classify non-custodial wallets as below.

  • Hardware wallets – Hard wallet crypto look like a thumb drive or USB sticks that hold your funds offline. E.g. Ledger Nano and Trezor. 
  • Software wallets – Software Wallets are wallets you can access through your phone or web browser. E.g. Metamask is a popular ERC20 wallet.

How to use Defi Wallet?

Most Defi protocols are built on top of Ethereum or Binance smart chain. Networks like Ethereum, Binance Smart Chain, and Polygon are accessible crypto.com Defi wallet extensions like MetaMask and need a few parameters to switch networks. You can access your funds using wallet extension from their browsers. You can install wallet extensions like any other extension allowing you to import your existing wallet either through the seed phrase or private key.

Mobile apps often integrate the wallet connect protocol for user convenience. The protocols allow users to connect their wallets to the Defi application by scanning a QR code using their phone. You need to be careful about scams.

Key features of a good Defi wallet

Most decentralized wallets operate on Web3.0 and have similar features. When buying a best defi wallet look out for the following features of Defi wallets.

  • Non-custodial – Users can send and receive money through their wallets securely. 
  • Key-based – Users are given a private key to login into their wallets. You need to secure the key to access your wallet.
  • Compatibility – Not all Defi wallets are compatible with all blockchains. 
  • Accessibility – Best Defi wallets can store many crypto assets securely and the blockchain on which they were built.

Also read – Hiring smart contract developer

How to choose the right crypto Defi wallet?

There are some factors you can consider when you consider crypto Defi wallets –

  • Blockchain – The Defi Wallet you select will depend on the blockchain you use. Not all wallets are available on all blockchains, ensure the assets are supported on the platform. You may need different wallets for different requirements.
  • Transaction fees – Compare the transaction fees of different wallets and their usability. 
  • Dapps – Defi wallets are like edge apps, and provide access to the Defi ecosystem through decentralized apps. Wallets are like Edge are integrated with Dapps so that you do not have to leave the app.
  • Feedback on social platforms – Most wallets have their communities and social media presence. You can go through their social media posts and forums to get feedback on their performance. 
  • Seed phrase – Seed phrases or secret phrase is your initial wallet, this is your identity to the wallet. If you lose the phrase, there is no recovery. Some wallets have a retrieval mechanism.

How to withdraw money from Defi Wallet to a bank account?

As a new user, you may wonder how to withdraw your Defi wallet into your bank account. Your crypto wallet is a gateway to Defi and web3. You need to large-scale centralized account to withdraw money out from Defi wallet for ios and android. Some of these platforms like Kraken, Binance, FTX, and Coinbase. Crypto investors can support the exchange for support. You should verify that fiat-crypto gateway corporate with regulators.

Best Defi Wallets

Users take advantage of the decentralized nature of Defi wallets like inch network to safely use their funds without relying on third-party institutions to hold and manage their assets. Defi wallets have evolved, and many wallets provide enhanced user interfaces and a better

user experience. With wallets offering different services it can be difficult to select a wallet. The 10 best  Defi wallet are as below.

1. Metamask hardware Wallet

Metamask non-custodial cross-chain digital wallet used to manage, transfer, and receive ERH and ERH-20 tokens. MetaMask hardware wallets such as ledger nano x are the smartest and most secure ways to store private keys. Ledger Nano stores the keys offline and guarantees complete safety. Ledger devices come with software called Ledger Live to use crypto services.

Advantages of Metamask

MetaMask is a Defi wallet extension that interacts with the Ethereum blockchain. These advantages of Metamask wallet make it one of the best Defi wallet

  • It is open source and has a large development community contributing to its development.
  • Users can backup their accounts because of its hierarchical deterministic settings.
  • The wallet has an intuitive interface. 
  • MetaMask provides reliable customer services. 
  • It is integrated with ShapeShift and Coinbase exchanges easily exchange ERC and ERC20.

MetaMask fees

MetaMask charges a small fee for every feature like being on the Ethereum blockchain, buying, selling, or swapping Ethereum coins and tokens, and a fee to pay miners and validators. MetaMask fees or Mew fees for the swapping tokens range from 0.4% to 0.9%. MetaMask uses Transak and Wayre to buy Ethereum coins.

Both these platforms have a high transaction fee as they charge more than 2%. You may spend more than $400 per transaction. MetaMask gas fees depend on the price of ETH at the time of the purchase, sending ERC-20 tokens, and the complexity of the transaction.

Also read: What to know before hiring a cryptocurrency consultant

2. Argent Wallet

Argent wallet is a digital wallet used to store cryptocurrency. It has managed to capture a significant market share. A unique benefit of Argent wallet is you can combine it with hardware wallets like Trezor hard wallet to give one of the best security features while helping you enter the Defi ecosystem. The wallet provides biometric access. 

Advantages of Argent wallet Defi

The advantages of Argent wallet Defi are

  • It provides multiple layers of security compared to other crypto wallets. 
  • It supports hard wallets and enables quick recovery. It is one of the best Trezor wallets.
  • You get returns in the form of interest on the assets lent to users on Defi.

Argent wallet fees

Most transactions on the Argent Defi platform do not have a fee from the wallet itself. Argent does not profit from network fees. Like other Ethereum wallets, it does charge gas fees. Users may need to pay fees for flat exchanges or crypto-crypto exchanges. You have to pay Dapp fees to connect their wallets to other apps. This fee can vary depending on the application. 

3. Coinbase Defi Wallet

Coinbase is among the 3 best Defi wallet is a self-custody wallet, that gives you complete control of your crypto. The wallet provides support for a variety of tokens and dApps.You can explore the decentralized web on your Defi wallet app or browser extensions. The wallets protect digital assets with security.

Is Coinbase wallet safe?

Is Coinbase wallet safe? Yes, Coinbase has a strong emphasis on security. It is safe because the Coinbase wallet is non-custodial. You can only access your wallet through private keys. Even if your crypto app servers are comprised, your wallet remains safe.

Coinbase fees

How long does Coinbase take to verify? After setting up your account, you need to go through the know-your-customer (KYC) procedure. You need to submit a photo-id and required documentation. It may take a few moments to several business hours to verify your account. Coinbase fees depend on factors like the selected payment method, the size of the order, and present market conditions. 

4. Trezor Hardware Wallet

Trezor hardware wallet is a cryptocurrency offering you the flexibility of storing a variety of cryptocurrencies and digital assets safely and securely. This makes it to our list of best defi wallet as it has a user-friendly interface, and you can control balance levels, initiate transfers, and store different crypto assets. The wallet is cross-compatible with various external wallets. You can use it in utilities, publishing, marketing, and finance. 

Is Trezor Safe?

Is Trezor safe? Yes, Trezor is a safe and reliable wallet in the cryptocurrency world. It is known for its security. It is used by 1 million crypto users globally. All operations involve private and public keys are

allowed after user authentication via pin. The Trezor decentralized wallets provide offline backup. To protect your digital assets use a 12 to 24-word-long recovery seed.

Trezor fees

Trezor wallets allow you to determine the size of Trezor fees to send with a transaction: low, economy, normal or high. You can set the custom fee. You need to ensure the fees, are sufficient during confirmation. If the fees are too low, your transaction may never get confirmed.

5. Crypto.com Defi Wallet

Crypto.com Defi Wallet is a cryptocurrency wallet exchange that supports trading, investing, wallet, and NFT. You can trade in more than 250 different currencies. If you hold a significant stake, choosing the best Defi wallet becomes important. These must have reasonable fees and discounts. It is an ecosystem of crypto-related products, making it a good choice to manage cryptocurrency. You get a trading discount if you have at least 5000 CRO in your wallet. 

Is crypto.com Safe?

Is crypto.com safe? Yes, crypto.com is safe and uses security measures that are industrial-standard. It has multi-factor authentication to keep your account safe. Remember to use a strong password and follow personal online security practices to protect your account. You need to remember you cannot reverse cryptocurrency transactions, and it is difficult to recover your crypto if lost.

Also read – Hire a blockchain analyst

crypto.com fees

New Crypto.com users without any CRO stalking will pay 0.4% with a total monthly trading volume of less than $25,000. Some high volume traders can qualify for low fees for example the fee can be as low as 0.04% for a maker and 0.1% for a taker without CRO staking.

6. MyEtherWallet

MyEther wallet or MEW is an open-source cryptocurrency wallet. MyEtherWallet is one of the best defi wallets in the market as it can used to store your cryptocurrency securely and use the platform to swap your digital assets on interact Defi blockchains without visiting external platforms and exchanges. You get a hardware wallet if you want to store your digital assets in a secure location. MyEther is available as a software service and on Ios and Android apps.

My ether wallet features

Here’s a list of My ether wallet features.

  • Swap assets – You can swap your digital assets using MyWallets directly in the application within the applications. 
  • Blockchain security – Myether wallets provides a safe and secure environment with the help of private keys.  
  • Smart contracts – The system supports smart contracts that automate transactions. This features benefits of Defi transactions. 
  • Hardware wallet support – MEW comes with fully integrated hardware wallet providers like Ledger and Trezor.

Myether Wallet fees

The wallet fee for using is free, but vendors charge a transaction fee for exchanges and withdrawals. 1 inch app directly integrates with MyEtherWallet and after integration, users can directly take advantage of their wallets. The minimum gas amount needed for My EtherWallet transaction is 0.0041 Ether. Ongoing transactions attract a small mining fee on the Defi blockchain.

7. 1inch wallet

The 1-inch wallet is a decentralized exchange (DEX) aggregator that compares searches of the cryptocurrency markets to find the best rate and lowest fees as so it’s one of the best defi wallet. However, as of now, the US does not authorize a 1-inch wallet. You can one-inch exchange to transact tokens without an intermediary. 1-inch wallets operate on the Ethereum blockchain. 

1-inch wallet features

The 1-inch wallet has the following features

  • 1inch searches the internet looking for the best rates, and depending on the currency you are trading in, you can get the best rates on major exchanges.
  • There are no withdrawal or deposit fees.
  • One-inch wallets give you get the flexibility to use various wallets.
  • It offers a range of cryptocurrencies.

Also read – What is bitcoin brokerage

1inch fees

When you have a trade on 1-inch Defi apps, you pay for the exchange fees and any gas fees involved in the transaction. 1 inch does not apply to any other additional charges. Since 1 inch does not store your assets on its server. You do not have to pay any fees to withdraw or deposit your crypto. 

8. Edge Wallet

Edge wallet is perfect for users who are looking want an easy-to-use wallet. Edge wallet is a mobile-based app and does not have many features available on traditional desktop or hardware wallets. Edge  wallet is one of the 10 best difi wallets in 2022 as it supports multiple cryptocurrencies and is very secure. Designers have paid special attention to the user interface, and you can easily access your wallets from the main dashboard.

Edge Wallet features

The edge wallet features Edge wallet is a hardware crypto wallet with the following features.

  • The hardware crypto wallet is private, secure, and easy to use. Both beginners and experts can operate the wallet.
  • It is decentralized and has connectivity to multiple public bitcoin nodes ensuring wallets function even when the serves are down. 
  • The username and password hide the complexity of cryptography and synchronization.
  • Edge wallets are private and are one of the best cross-platform accounts.

Edge fees

An edge hardware wallet is free to use and download. Users do get charged for receiving funds into their wallets. They do need to pay a mining fee for sending cryptocurrency from their wallet. Edge fees are a small fee on all transactions and using in-app services and the fees charged are upfront and transparent.

9. Dex wallet

Dex Wallet is a peer-to-peer marketplace where transactions occur directly between crypto traders. What makes it one of the best defi wallet is that it is an Ethereum-based wallet integrated with various Defi protocols. Dex fulfills one of crypto’s core possibilities of fostering financial transactions and is not officiated by banks, brokers, and other intermediaries.

Dex app features

Some top features of Dex apps are listed below. Dex wallet is among the best defi wallet as it offers some great features.

  • Vastariety – Dex offers a wide range of tokens. You can find popular tokens in their infancy. 
  • Hacking risk reduced – All the fund’s Dex trades are in the owner’s wallet. This makes Dex less susceptible to hacking. 
  • Anonymity –You need to input your personal information on Dex.

Dex Wallet fees

Dex Wallet fees vary. Uniswap charges a 0.3% fee that is split between liquidity providers, and protocol fees could be added in the future. The gas fees on the Ethereum network may be much more than Dex charges. ETH2 upgrades are designed to lower fees and speed up transactions.

10. Ledger Wallet

Ledger wallets are hardware wallets are multicurrency wallets. You use the hardware wallet to store private keys of cryptocurrencies offline. Ledger has two hardware wallets Ledger Nano S and Ledger Nano X. Ledger hardware wallets are device-based, they are USB drives to store private keys and can be used for various transactions on blockchains or third-party apps.

Ledger hardware wallet features

Ledger hardware wallet features are as below.

  • You can use the wallet to hold multiple cryptocurrencies, wallets, and crypto tools. 
  • The wallet comes with a built-in display that allows you to confirm the transaction. 
  • It has strong safety features.
  • You can easily backup your ledger.

Also read – Find crypto financial traders

Ledger wallet app fees

You can choose the Ledger wallet app fees when you create a transaction. The processing speed of the transaction is affected by the fees. The network fees you pay determines the position of your transaction in the queue. Miners will prioritize transactions with higher fees. Higher fees will result in fast confirmation.

Frequently asked questions – Best DeFi wallets

1. How to connect the ledger to MetaMask?

The process to connect the ledger to MetaMask is easy.

  • You need the latest version of Metamask (10.5.0). Ensure the ‘Advanced Settings’ and ‘Preferred Ledger Connection Type’ are set to WebHID.   
  • To import the Ledger hardware wallet in MetaMask, open the ETH app, and click ‘Connect Hardware Wallet’. A pop-up will appear, allowing you to select your device, and simply click on connect. A list of your addresses will appear, select the address you wish to import.

2. Is Defi wallet free?

Yes, Defi wallets are free and easy to set up. Some Defi wallets do not support certain blockchains. Some blockchain applications require their wallets. You may end up owning several wallets.

3. Is Defi safe?

Yes, Defi wallets are safe. Defi wallets are non-custodial and you can safely store your funds without relying on a third party to hold your assets. You can send and transfer funds knowing that the receiver is the only one who can access the funds. Defi wallets have a unique key pair, and users have to keep private keys safe.

Also read: Hiring an ETH trader

4. Is Binance a Defi wallet?

Yes, Binance Defi Wallet is a non-custodial decentralized Web3 wallet within the Binance application. The Binance mobile application helps you create a wallet and transfer funds from the app. As of now, the wallet only allows transfers only from the Binance CEX spot wallet. You do not have to copy, paste and cross-check the wallet address to operate (withdraw and deposit) from the Binance CEX spot wallet.

5. Does MetaMask work with Coinbase?

You can use Coinbase wallets to import any Ethereum-based wallet like MetaMask and TrustWallet. Most Ethereum wallets have a 12-word recovery phrase that acts like a key to your wallet. Recovery phrases are portable and give you the flexibility to transfer from one wallet to another. Even after importing your existing wallet using the recovery phrase, you can continue to it for transactions.

6. How to use Trezor with Coinbase?

If you have a Trezor device, create an account using wallet.trezor.io, transferring funds from Coinbase to Trezor can be achieved as below.

  • Connect to Trezor device
  • Input your pin
  • Select your Trezor Account
  • Select Receive 
  • Verify and copy the address
  • Log in to Coinbase
  • On the dashboard select accounts
  • Input your Trezor address

How to invoice as a freelancer? | Quick guide to making invoice – with examples

Remote work

New to the freelancing scene or want to up your game? One of the most crucial indicators of professionalism is your invoice. This post will show you how to invoice as a freelancer.

How to invoice as a freelancer?

Freelancers do not work for any organization as an employee but pick up multiple assignments from different clients. It is imperative to know how to invoice as a freelancer as it helps them to be paid on time. The invoice helps to remove confusion or misunderstanding between freelancer and their clients. In this blog, we explain how to write up an invoice for freelance work.

What is a freelancer invoice?

Freelancer invoice is a document where the freelancer informs their customer about the fees due as per terms of the contract. You can issue your invoice on paper or electronically.  The invoice contains information about the product or services provided, payment, freelancer and customer details. How to issue an invoice as a freelance can show your professionalism and how well you know your business. It is an important document it is important is without any mistakes or errors.. There are some great sample freelance invoice available online that you can use.

Also read: Free Invoice Software | Top 25 free invoice software that best suits your business

How is creating an invoice for freelance work is different from a regular invoice?

Creating an invoice for freelance work can be tricky.  When you work regularly you get paid every week or month. Freelancer income fluctuates especially when they are working for multiple clients. While meeting deadlines is important a freelance must maintain a positive cash flow. You can send your invoices by regular mail or send an email.

  • Opt for an online invoicing system, you can use your invoice for branding purposes. You can use a database with client information, where the information can be automatically adding the information. As a freelancer you need to ensure all the information is accurate. 
  • You should number every invoice this will help you track what is outstanding and what has been paid. 
  • You need to track taxation and languages to accommodate international clients. Keep a track of the self employment tax rate in each state or country. 
  • Provide detailed information of the services provided – date, work completed, man-hours required. It will be easier for your client to examine the invoice. 
  • Describe how you will accept payment, due date, and any discount associated with on-time payment. Thank your client for the work.
  • Try to use multiple payment methods for your payments. Clients may prefer freelancer who fit their model.  Payment partners offer free or low cost options.

10 items to include when making an invoice for freelance work

It can be daunting to create invoice for freelance work when you first begin. Remember you have already done the hard part of completing the assignment successfully. Here is how to invoice as a freelancer. There are 10 items you should include when making an invoice freelance work –

  1. Professional header –  your invoice should have a professional header where your business name with its logo or your full name is legible format. 
  2. Contact information – Under your name include contact information – mailing address, phone number, and website. Alternatively, you can add your contact information to top right or left side of the invoice. 
  3. Client contact information – Your invoice should specify your client’s name. You can include the recipient’s contact information.
  4. Invoice number – Each invoice should have a unique identification number. This will help you keep track of invoices. You can adapt your own system as long as you do not get confused. 
  5. Date prepared – You should mention the date the invoice was prepared. The invoice date helps you track payment delays.
  6. Due date – Specify a due date on your invoice. Freelancers typically give a 30 or 60-day timeline for payment.   You can refer to the payment terms when you agreed to the job.
  7. Payment Option – You can specify how you wish to receive payment in your invoice – cash, cheque, credit card, or payment provider like Paypal. 
  8. Payment terms – Specify if you charge a late fee for overdue payments. If you do charge a late fee we recommend you send one or two reminders before the invoice is overdue. 
  9. Breakdown of service –  It is important to add the breakdown for the services you offer. If you are offering many services be sure to itemize each service on a new line. 
  10. Total amount due – Don’t forget to add the total amount due. The total amount should be bold and emphasized. Do not forget to charge them VAT.

You can add a personal touch to maintain the client relationship. You can add a thank you to the invoice.

Also read: Flexible Hours | The hidden powers of flexible scheduling & its pros and cons

How to create an invoice for freelance work?

Whether you freelance temporarily or work as a freelancer full-time, you need to know how to create an invoice for freelance work. Many companies will not pay you till you send them an invoice. One of the first things you need to decide is how you will charge your client – you may decide to charge them on an hourly basis or charge a flat fee. Your rates may defer depending on the complexity of the project. Freelancers can use three methods to prepare their invoice- 

  • You can create an invoice template on Google Docs, Microsoft Word, or Excel. 
  • You can use online invoice templates and customize it as required.
  • You can use bookkeeping software to create your invoice. There are free and paid bookkeeping software available in the market for invoicing.

Invoice for freelancers – 10 samples

As a freelancer it is important to get paid on time. You need to have a robust invoicing system in place. Invoices help you look more professional. It shows your client the services you have provided and how much they need to pay you. The invoice helps to maintain your records. We have some freelance invoice example below. You can refer to these and learn how to make an invoice for freelance work.

Writing an invoice for freelance work

Only 71% of freelancers get paid on time. Invoicing is a critical to ensure you get paid on time. You can invoice your clients weekly, monthly or per projects. An advantage of writing an invoice for freelance work is you can supply a payment options where you can be and track and record your payment. We have provided a freelance template invoice for your reference. 

Invoice Logo
Your Company Name

<<Street Name>>

<<City, State, Zip Code>>

<<Phone Number>>

<<Email Address>>

 Date

Invoice No

<Payment terms (due on receipt, due in X days)>
BILL TO

Customer Name

<<Street Name>>

<<City, State, Zip Code>>

<<Phone Number>>

<<Email Address>>

 Project Details

Project Name/Department

Project Description
Description Hours Rate Total
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
Remarks/Payment Instructions Subtotal $0.00
Discount 0.0%
Subtotal less

Discount

 $0.00
Tax Rate 0.00%
Tax $0.00
Balance Due $0.00
Thank you for your business

 

Also read: Voice Echoing | 10 tips to fix voice echoing and make your calls super productive!

Freelance artist invoice

A freelance artist works on a short-term basis or a contractual basis. Depending on their skills, they can work in industries like advertising, journalism, and design. Freelancer artists usually have a niche – writing, designing, or producing art pieces. Before you learn how to send an invoice for freelance work, you need to know the average hourly salary of a freelance artist, they earn $26/hour. You can use the freelance artist invoice template below.

Invoice Your Company Name

Business Address

City

Country

Postal
BILL TO:

Company Name

Address

City

Country

Postal

 INVOICE #

00000001

DATE

12/31/20

INVOICE DUE DATE

          12/31/20
ITEMS DESCRIPTION QUANTITY PRICE TAX AMOUNT
ITEM 1 Description 1 $000.00 1% $000.00
ITEM 2 Description 1 $000.00 1% $000.00
Total
NOTES: TOTAL

 

Sample invoice freelance writer

A freelance writer is a writer who works as a contractor for a company. They can work for multiple organizations simultaneously. Freelance writers are generalists and can write for websites, press releases, blogs, internal corporate communication, or marketing materials. Before you make a freelance writing invoice, you need to know the average salary for a freelance writer is $30.39/hour or $63213/hour. You can use this sample invoice freelance writer.

FREELANCE WRITER INVOICE
[Insert Company Name and Address] Invoice

Date
To: [Insert Recipient’s Name and Address] For: [Insert Description of Services Rendered]

 

DESCRIPTION DATE HOURS/ARTICLES RATE/FEE AMOUNT
Total
Payment Instructions

Thank You

 

Also read: 14 best productivity tips to achieve more at work

Invoice freelance designer 

Designers use tools to create posters, websites, logos, brochures, magazines, and other materials to communicate their ideas or present information in a visual format. While learning how to write an invoice for a self-employed freelance invoice, you need to know how much to charge your clients. The average salary of freelance designers in the US is $30.27 per hour. We have provided a tabulated sample of an invoice for a freelance designer.

[Company Name]

Name: [Name]

Street Address: [Street Address]

City, State: [City, State]

ZIP Code: [ZIP Code]

Phone: [Phone]

E-mail: [E-Mail]

 FREELANCE

DESIGNER

INVOICE
Invoice No Date : 10.02.2022
Client CompanyName: [Name]

Street Address: [Street Address]

City, State: [City, State]

ZIP Code: [ZIP Code]

Phone: [Phone]

E-mail: [E-Mail]
Description Hours $ / Hours Amount ($)
[Comments or Special Instructions] SUBTOTAL
DISCOUNT
Payment is due within 15 days. TAX
TOTAL

Freelance videographer invoice template

Freelance videographer captures video content for their clients when required. They work under a producer, alone, or as a part of the recording team for anything from a long movie or short music or promotional video. They provide, maintain, and operate their own equipment, shooting the footage, and editing the content. While learning how to invoice for freelance work you should know the prevalent market rates. The average salary of a freelance videographer is $49,080/year. We have added a videographer invoice example which you can modify and use as a freelance videographer invoice template.

Invoice
Creative Media Production

101 Fake Street,

Lorem 

New York 50550

 Invoice No 28563

Date:01/01/2020
Bill to 

Dwayne Clark

24 Dummy street

Lorem Seum

570568

 Payable in 7 days
Quantity Product Description Price  Total
45 Video production  $60.00 $2700.00
1 Product Demo $200.00 $200.00
10 Wedding Video Highlights $35.00 $350.00
60 Weekly Videos for Jewelry Brand Instagram $65.00 $3900.00
Subtotal $7150.00
Vat 5%
Total $7883.00

 

Also read: How to start a successful freelance writer career in 7 steps?

Invoice for personal services

There are many personal services you can offer while freelancing. They can range from web design, business coaching, to content marketing. It is vital to protect your financial and legal interests. You must invoice for personal service properly. You use the following freelance invoice sample.

Invoice
Your Company Name

Your Name

123 Abc St. 

Tel: ###-###-####

Email: _______________
Billing Company

Address

Contact Details

 Invoice No ####

Date Jan 1, 0001

Due Date Jan 14, 001
Quantity Description Unit Price Price
1 Provided Services Description (date range) $0.00 $0.00
SUBTOTAL
SALES TAX
SHIPPING & HANDLING
TOTAL
Notes
If you have any questions concerning this invoice, please contact:

Your Name  Tel: (###) ###-####

THANK YOU FOR YOUR BUSINESS!

Also read: best remote graphic design jobs | Salaries, qualifications & skills needed!

Graphic designer freelance invoice

Graphic designers work to generate visual designs for their clients. The design may be logo, working web designer on the website, or generating designs for brochures and pamphlets.  Brands use their designs to communicate ideas to their customers. Graphic designers incorporate texts and images in their design and must be able to work on different media. 21% of graphic designers are freelancers. The average salary of graphic designer is $30.27/hr. 

Your Logo
Your Details
Graphic  Designers 

ABC Seller

Graphic Designer Location

Street,City

Country

Postal Code

 Client’s Name

To

ABC Company

Client Location 

Street, City

Postal code
Invoice no Due Date
Invoice Date
Item  Quantity Rate Subtotal
Logo Design X $0.00 $0.00
Social Media Announcement Banner A $0.00 $0.00
Infographics A $0.00 $0.00
Brochure Design A $0.00 $0.00
Invoice Summary
Subtotal $0.00
Vat $0.00
Total $0.00
Payment Instructions

 

Freelance hourly invoice template

Clients often pay freelancers for the number of hours they have worked rather than a fixed price for the service they provide. Hourly projects are best suited for long-term projects, projects where the scope is undefined, or where you have established a long-term relationship with the client. While learning how to go about invoicing for freelancer, here are some things you need to remember – create milestones for invoicing with your client and accurately track the time through apps or manually. 

Company Name

Street Address

City, state, Zip Code

Phone- 

Fax

Email Address

 Invoice #000

Date : XX/XX/2022

Due Date : XX/XX/2022
To For
DESCRIPTION HOURS RATE AMOUNT
TOTAL
Make all checks payable to 

Payment is due within 30 days.

If you have any questions concerning this invoice, contact:

Your Name  Tel: (###) ###-####

Thank you for your business!

 

Also read: Remote proofreading jobs: Top 10 ways to become an awesome proofreader

Freelance editor invoice template

A freelance editor’s job description can vary from proofreading something to guiding a writer on a book or article’s subject or theme. They may make suggestions for the structure, layout, and uniformity of the piece of writing.  Editors need to have attention to detail.  How to write an invoice for payment will vary depending on the rate. The rate editor can charge for their work will depend significantly on their job description and experience. The average hourly rate of an editor is $29.50/hr or $61,370/yr. Here is a freelance editor invoice template you can use.

Company logo Your Company Name

Your Business Address

City

Country

Postal Code
BILL TO:

Company Name

Address

City

Country

Postal code

 INVOICE #

00000001

DATE

12/31/20

INVOICE DUE DATE

12/31/20
Sr No Description  Quantity Price Tax Amount
1 Description 1 $0.00 1% $0.00
2 Description 1 $0.00 1% $0.00
Total $0.00
Notes

 

Also read: Remote Virtual Assistants Jobs

Virtual assistant invoice template

Virtual assistant assists companies with tasks like sending emails, booking reservations, maintaining and scheduling appointments and meetings, managing social media accounts, and any support tasks as required. As a freelance virtual assistant, you can use the market rate as an indicator to set your price. It will depend on your experience, education levels, and quantum of work. According to PayScale, the hourly rate for VA is $15.69/hr. You can use the following virtual assistant invoice template.

Add Logo Date on Invoice
Invoice number
FROM To
[COMPANY NAME] [COMPANY NAME]
[ATTN] [ATTN]
[STREET ADDRESS] [STREET ADDRESS]
[CITY, STATE, ZIP CODE] [CITY, STATE, ZIP CODE]
[PHONE] [PHONE]
[E-MAIL] [E-MAIL]
Description Hours Rate Amount
Description X hr $0.00 $0.00
Notes Subtotal $0.00
Discount $0.00
Tax/Vat $0.00
Total $0.00
Thank you for your business!

 

Can I make an invoice without a company?

As a freelancer, you may wonder, can I make an invoice without a company? When you offer freelance services, you already own a business, even if it is unregistered. You are responsible for all profits, debts, and losses and you need not formally register your business. You are free to invoice your clients for the services you offer.

What are the payment terms for freelancers?

Payment terms are the payment instructions included in quotes, contracts, and invoices and summarize how you will receive your payments. You can add some of these payment terms when you make your invoice.

  • Late payment terms refer to the terms for not making the payment by the due date. You can charge a late fee or additional interest charges.
  • Each invoice has a due date or the date by which you should receive payment. Freelancers prefer a 7, 15, or 30-day payment cycle to track payments. 
  • Mention payment method. You can opt for bank transfer, Paypal, credit or debit card, or cheque.
  • You can offer discounts for new clients, early payments, or bulk work. 
  • Freelancers may have international clients. Freelance invoicing should mention the currency.
  • Deposits are a vital part of your payment terms. Let the client know the advance or deposits in advance. Mention if it is deductible from the next invoice or if the deposit is refundable. 

How to invoice a company as an individual?

As an individual, here is how to write an invoice for freelance work-

  • Use a professional header to state your business name and logo or your full name, and include all your contact information. 
  • Select an invoice template you find appropriate. There are many free freelance work templates available online. 
  • Bill your client according to the payment terms mentioned in the contract. 
  • Companies usually have a billing department. Remember to send the invoice to the correct department and copies to concerned individuals.
  • Send invoices to your client according to their billing cycle. You will know when to send your bill and when you should follow up. 
  • You may need to send reminders to follow up for payment.

How to call in sick to work? | Top 10 most effective excuses, sample messages & email templates!

Marketing

Contemplating a day off and want to call in sick? Here is a brief coverage on how to call in sick to work along with the top 10 excuses and sample messages. Read on!

How to call in sick

Getting sick is unavoidable, and everyone occasionally requires time off from work when ill. No one wants to throw up at work. You should not feel forced to come to work when you are unwell.

However, calling in sick to work can be tricky, especially when you have to deal with deadlines or are busy at work. In this blog, we discuss effective techniques like how to call in sick and what to say when calling in sick.

Also Read: Keen to invest in bitcoins – find a trustworthy bitcoin trader now!

Top 10 reasons to call out of work in 2021

You might need to take leave unexpectedly for several reasons. Remember, to be honest, do not share too many details, and inform your employer as soon as possible. When you need to take time off work unexpectedly, you may fall behind at work, or a team member may need to fill in. Plan on how you will handle the situation. The top 10 reasons to call out of work are,

  1. Doctor Appointment
  2. Sickness
  3. Family illness or emergency
  4. Home emergency/car trouble
  5. Death of love one
  6. Babysitter canceled/loss of childcare
  7. Sick pet or pet emergency
  8. Injuries
  9. Jury duty
  10. DMV appointment

Also Read: Keen to invest in Ethereum – find a trustworthy ETHtrader now!

Why be careful before you decide to call in sick?

You may wonder if should I call in sick excuse for calling into work when you are unwell? First, you need to consider your organization’s policy when you are out of work. They may have procedures regarding who to call, when, and how you will inform them.

You need to know the number of sick days you are entitled to and will you get paid. Most employers do offer some form of calling in the sick policy. Familiarize with the company handbook or consult your supervisor regarding the protocol you need to follow if you want to call in sick. Depending on your work, you may be able to work from home instead of going to work.

Also Read: Keen to invest in bitcoins – find a trustworthy bitcoin broker now!

Top 7 recommended excuses to call out of work

There are days you cannot make it to work, you may need to take a day off. You may be worried about how to break the news to your boss. If you are looking for excuses to call out of work, make sure it sounds legitimate. Here are the top 10 excuses to call out of work.

1. Calling out sick

Being sick good reason to call off work, if you are sick, avoid coming into work and infecting others. After Covid-19 pandemic, flu is one best sickness excuse. You will not be performing well or be productive. It is better to call out sick and come back to the office when you are better. Even if the disease is not infectious like a migraine, you can be calling off work migraine. You may want to attach your doctor’s note as proof.

2. Family members sick as excuses to call into work

If you have a family member (spouse, partner, child, or parent) that is sick and you need to take care of them, you have excuses to call into work. It is one best excuses to call in sick. You may be able to work from home in this situation.

Also Read: Interested in crypto – find an expert digital asset investor now!

3. Calling off work because of mental health day

Sometimes you are jaded and feeling burnout, and you may need some time out to relax. You can use mental health day excuses. It is perfectly alright to need a day to relax or run some errands. Most bosses today understand, especially if it helps to come back to work recharged with renewed energy.

4. Unexpected circumstances to call out of work

There can be unexpected reasons to call out of work besides being sick. You may have to deal with circumstances like your babysitter canceling or a delayed flight when you travel for work. You may not be able to provide backup. You can call out of work when you face unexpected circumstances.

5. Family emergency to call off work

Family emergencies like your child breaking their arm, spouses crash their car on the way to work are reasons for calling out of work last minute. These are situations you do not want to lie about because lying about these emergencies is unacceptable. But genuine family emergencies are acceptable reasons to call off work.

Also Read: Keen to invest in crypto – find a trustworthy cryptocurrency consultant now!

6. Sick call for doctor’s appointment

A doctor’s appointment for a physician, physiotherapist, or therapist is tough to get. A sick call for your doctor’s appointment is a valid reason for a sick leave message. You need not provide specific details about the doctor’s visit, but your boss may require you to verify it with a doctor’s note. You can provide calling in sick after a 2 weeks’ notice in this case.

7. House emergency excuses for calling out of work

There may be a house emergency like a gas leak, small fire, and plumbing issues that you need to attend to. House emergencies are one of the best reasons to call out of work. You can offer to come in later or work from home while calling out of work.

Also Read: Keen to learn about bitcoins – find an experienced bitcoin consultant now!

5 things to check before you calling in sick

When you are unwell, you want to curl back into your bed and not want to go to work. Check your employee manual on the number of sick days and procedure for informing your supervisor. If you are thinking about calling in sick, you need to check these things before you call in sick.

1. Company policy regarding sickday excuses

Find out how your company classifies time off. Some may lump vacation days and sick days together asking for time off is the same as asking for vacation days. If not, call in early regarding sickday excuses preferably, one hour before work, especially if your boss has to make alternative arrangements.

2. Try to get work done when you call out sick

If you are up to it suggest responsibilities, you can take care of when you are ill. If not, tell your manager when you will make up the missed work. One of the ways how to call in sick to work is to offer to be available by phone or email in case of something urgent.

Also Read: Struggling with blockchain – find an expert blockchain analyst now!

3. Consider your track record for reasons to call into work

Be honest and straightforward you need to go into details reasons to call into work. If you are taking frequent sick days, your boss is likely to get suspicious. If you genuinely need time off for your health, do not misuse it, or you may get into trouble.

4. Inform your team of reasons to call in sick

Your boss will not be the only one affected by your absence. Being a good team player involves informing your teammates about your reasons to call in sick. It is especially important if your work involves collaborative efforts or group projects.

5. Know the risk of calling in sick to work 2 days in a row

If you are planning on calling in sick to work 2 days in a row, consider your boss’s nature. For example, your boss may think mental health days should qualify as vacation days. There are risks of using sick days if you are not unwell. Take into account your work situation when asking for sick days.

Also Read: Keen to invest in crypto – find the best crypto financial advisor now!

5 ways on how to tell your boss you are sick

Companies have formal procedures like – emails, written notes, telephone calls, or texts to explain sick day excuses. Companies need these for documentation. Let them know why you will be unavailable, the length of your absence, and if a colleague can help with any task while you are away. Here are five ways on how to tell your boss you are sick.

1. How to tell your boss you’re sick by being honest

On how to tell your boss you are sick, it is best, to be honest. If you use some reason to call out sick repeatedly, examine why you are avoiding your job so much. If you get caught skipping work on a lie, it can be embarrassing and have repercussions.

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2. How to call in sick to work professionally

One of the ways on how to call in sick to work professionally is by alerting your supervisor as soon as possible. Missing a workday is inconvenient for your colleagues and boss. You need to inform your boss quickly, especially if they have to make an alternative arrangement.

3. Use believable sick day excuses sick at work

You do not have to give elaborate explanations when taking a sick day at work. Use plausible sick day excuses when you want to call in sick. You do not have to share all details with your colleagues or boss. Be polite and professional, but you are not obliged to answer any follow-up questions if you are uncomfortable.

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4. How to tell your boss you have diarrhea

Diarrhea is one of the best excuses for calling in sick to work and reasons to call in sick last minute. It is a common ailment. You may wonder how to tell your boss you have diarrhea. Use phrases like severe gastrointestinal distress if you are embarrassed. Notify your teammates if they need to take part in your workload.

5. How to text your boss you are sick by not using social media

If you want to know how to text your boss you’re sick, you can send a text using professional language. Use complete sentences and punctuation in the text. One or two sentences will suffice. Avoid posting or interacting on social media platforms, or your colleagues or boss may think your absence was a lie.

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Sick text message to boss examples

If company policy allows you to send text in sick, you can opt to send a text message to your supervisor. The text should let your boss know you cannot come to work and when you will return. Below we have given some sick text messages to boss examples you can send.

1. How to tell your boss you are sick by text message

Contact your boss or supervisor directly, you should never send calling in a sick text to your co-worker asking them to do it for you. Here are good sick excuses for work on how to tell your boss you are sick,

I am feeling unwell today, and I will not be able to work efficiently. I need to take a day off.

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2. Send sick text messages as soon as possible

The answer to the question how many hours notice to call in sick, calling in sick when not sick, is to send sick text messages as soon as possible. Your boss may need to find a replacement or delegate urgent work.

I am not feeling well today and need to take a sick day. I will be back to work tomorrow. 

3. Avoid unnecessary details in not feeling well message to your boss

When sending a not feeling well message to your boss, use a brief message. Avoid giving in-depth explanations or details, few sentences are adequate.

I started to feel ill last night and am still not better. I need to take a day off. 

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4. Be professional call in a sick text message

Texts are an informal way of communicating, but you need to be professional when you send a call in sick text message to your supervisor. You should use proper punctuation and full sentences. Here is calling in sick two days in a row text in sick to work example.

I need to take today and tomorrow off from work. I visited my physician, and I have the flu.

5. Call if your boss does not answer sick text to boss sample

If your boss does not reply to your message, call your boss. It is your responsibility that they report your absence. You can use the following sick text to boss sample.

I won’t be able to come in today due to an unexpected illness.

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How to call out of work by email?

Companies have different protocols that employees need to follow on how to call in sick to work. Some companies require a written explanation about a leave of absence for illness. There are some protocols you should follow while writing your email. Here are some tips on how to tell your boss you are sick email.

Be brief in your writing while calls in sick email example

While informing your boss about your illness make it short and sweet. Avoid elaborate emails. Here is call in a sick example you can use.

I am sending this email to inform you that I cannot come to work today because of the fever I developed last night. I will come back to work tomorrow if my temperature goes back to normal. 

Thank you for understanding

2. The number of sick days in the sick email to boss

It is always helpful to mention the number of days you will be out of the office.

I will not be reporting to work because of a bad case of food poisoning. I went to the clinic and my doctor and he recommended I take two days of work. I am enclosing the doctor’s note on food poisoning. I will be available on the phone. 

3. Mention if can work in the out sick email

When you calling into work sick, find out if your company expects you to be a call. Some companies may expect you to work from home while others will tell you to rest. Do not feel guilty about taking the day off.

I have a bad cold, and I will be staying at home to make sure I do not spread it. I will try to work if I feel alright, and I have asked Megan to be my backup just in case. 

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Calling out of work by a phone call

Companies do understand that you may need a day off for mental health or physical health. Unfortunately, you still need to provide valid reasons to call out of work. You can call your boss and inform them. Here are some tips for calling out of work from your phone.

1. How to sound sick over the phone

One of the ways on how to sound sick over the phone is by calling your supervisor early in the morning. Your voice is generally rough when you wake up, and it will add to your credibility. Keep the conversation short like, – I am having awful stomach problems and will not come in today.

2. How to sound sick on phone

One of the ways on how to sound sick over the phone is talking slowly or softly to indicate your low on strength. Avoid fake coughs or sneezes, or your boss may get suspicious. Phone calls are a good option if there is a trust deficit that you need to address, but you may have a lengthier conversation.

3. Check your company policy calling into work because of weather

Weather updates are provided 24 to 48 hours in advance. If you are calling into work because of weather, check if your company allows for remote work. Ask for call calls to be forwarded to your phone or landline at home. The key is to communicate as soon as possible.

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