NOW Wallet Review: Is It the Right Choice for You?

NOW Wallet is a feature-rich cryptocurrency wallet that allows users to store, manage, and stake their crypto assets via a mobile and desktop app. It supports more than 70 blockchains, which means that thousands of cryptocurrencies are supported, from prominent coins like BTC and ETH to lesser-known meme coins issued on Ethereum, Solana, and more.

In this review, we’re going to examine NOW Wallet’s key features to help you determine whether it’s the right wallet for you.

A part of the broader NOW crypto ecosystem

NOW Wallet is a non-custodial cryptocurrency wallet developed by ChangeNOW, a popular cryptocurrency exchange and swap service. The wallet is designed to provide users with a secure, user-friendly, and versatile platform for managing digital assets.

The wallet is a part of the broader NOW ecosystem, which encompasses several crypto services, including:

• ChangeNOW: Non-custodial instant crypto exchange designed for fast crypto swaps.
• NOWNodes: Supports 50+ blockchains and API to streamline Web3 development.
• NOWPayments: Crypto payments infrastructure that allows users and businesses to transact with crypto online easily.
• NOW Tracker App: Portfolio tracker that allows users to stay on top of market movements easily.
• ChangeNOW App: User-friendly crypto swaps for 250+ cryptocurrencies.
• NOW Blog: Educational content, latest crypto news and developments, and more.

As a non-custodial wallet, users retain full control over their private keys and funds. This means NOW Wallet does not store user data or private keys, enhancing security. Additional security features include three-layer encryption, PIN-based protection, and biometrics (Face/Touch ID).

It’s worth noting, however, that NOW Wallet is a so-called hot wallet, meaning that it’s designed to connect directly to Web3 products and services. That should not be a problem in most cases, but you should still make sure that you connect your wallet only to services that are trustworthy.

For crypto that you’re not planning to use on a regular basis, we would still recommend you set up one of the best crypto hardware wallets and store it there. You can transfer it to NOW Wallet at any point, so it shouldn’t be too much of a hassle. Moreover, you can easily import your existing wallets to NOW Wallet using 12- or 24-word mnemonics, consolidating your crypto management to a single service.

Mobile and desktop app

NOW Wallet offers apps for both mobile and desktop platforms, each designed to provide a seamless and secure experience tailored to user needs.

Available for iOS and Android, the NOW Wallet mobile app is designed for users who need quick and secure access to their cryptocurrencies on the go.

NOW Wallet’s desktop version for macOS, Windows, and Linux caters to users who prefer managing their crypto on larger screens. It provides a more robust experience with additional features suitable for professional or advanced users.

It’s worth noting that users can seamlessly synchronize their wallets across devices using their recovery phrase.

Supported blockchains and cross-chain crypto swaps

NOW Wallet supports a wide range of cryptocurrencies, including BTC, ETH, stablecoins, privacy coins, and numerous altcoins. It also provides support for token standards like ERC-20 and BEP-2.

Major coins are all supported, allowing users easy access and management of their digital assets. Some of the most notable supported digital assets are:

• Bitcoin
• Ethereum
• Monero
• BNB
• Tether
• Solana
• USD Coin
• Cardano 
• XRP

You can refer to the official list for the full list of supported coins, tokens, and chains.

Integrated with ChangeNOW’s exchange service, the wallet allows users to exchange one cryptocurrency for another directly within the app without the need for a separate exchange platform. An added benefit for crypto-to-crypto transactions is that no KYC is needed.

Fiat support

Users can purchase cryptocurrencies using fiat money through its built-in fiat gateway, which supports payment methods like credit and debit cards. The interface is easy to use and allows users to buy and sell crypto directly from their wallet. That could be a major pro for beginner users, who may feel a bit lost when using advanced trading interfaces used by most of the top crypto exchanges.

It’s worth noting that payment processors partnered with NOW Wallet require users to complete KYC before they can complete fiat transactions. This comes in stark contrast to crypto transactions, which have no KYC requirements.

Web 3.0 features

NOW Wallet integrates Web3 features to cater to users who engage with decentralized applications (dApps) and blockchain-based ecosystems.

NOW Wallet allows direct interaction with decentralized applications through protocols like WalletConnect. This allows users to seamlessly connect to popular dApps in the DeFi, NFT, and gaming spaces.

When it comes to NFTs, NOW Wallet supports the storage of non-fungible tokens (NFTs) based on Ethereum (ERC-721/1155) and Solana. Users can view and manage directly from their wallet interface and trade them via WalletConnect, an open-source protocol that allows you to connect your wallet to supported dApps

The wallet can store and manage utility tokens for various Web3 applications, such as governance tokens or tokens earned from play-to-earn (P2E) games.

Staking options

If you want to participate in securing blockchain ecosystems with your digital assets, you’ll be happy to learn that NOW Wallet makes the whole process very simple. You can stake various popular coins like TRX, BNB, ATOM, SOL, ADA, and more, along with the platform’s native NOW Token.

The staking options are available in the staking section. You only need to deposit supported crypto into your wallet and stake the number of coins you want. Rewards will be automatically deposited into your wallet.

NOW Wallet Pro: Premium benefits

If the features available in the regular plan are not enough for you, then you can look into trying the “Pro” plans, both free and paid options. The plans come with several benefits, such as cashback when swapping with NOW Wallet, personalized web pages for online crypto payments, crypto loans, and AML security checks.

There are three tiers available to users. For a full comparison, you can refer to the following screenshot taken from the NOW Wallet website.

At this point, it’s worth noting that if you experience any issues when using NOW Wallet, you can easily reach out to their professional and responsive customer support. The NOW Wallet team claims a 99% user error resolution rate, which is very impressive.

NOW Wallet review verdict

NOW Wallet is ideal for individuals who value control over their assets, seek a straightforward user experience, and want to avoid the complexities of cryptocurrency exchanges. DeFi features like staking and NFTs are also easily accessible, which makes it a great option for Web3 users.

If you’re currently looking for a more personalized crypto experience, then the NOW Wallet Pro plan might be a very good choice for you, allowing you to earn cashback and maximize the utility of your assets with crypto loans.