On April 23rd, 2024, at the Blockchain Life Dubai conference, Bitget Wallet’s Chief Operating Officer, Alvin Kan, joined industry experts and journalists to discuss strategies for building secure and user-friendly decentralized wallets. The panel discussed various wallet technologies, including hot wallets, cold wallets, MPC wallets, AA wallets, and multi-signature wallets. Kan emphasized the need for comprehensive and systematic security measures to combat the widespread vulnerabilities in the Web3 environment.
According to Kan, every operation in the Web3 environment carries the risk of privacy leakage, making it crucial to implement thorough security measures at every stage of the user’s journey and on the back-end. To address these concerns, Bitget Wallet has implemented a suite of security measures, including the introduction of “keyless” MPC wallets, hardware wallet connectivity, and partnerships with renowned security partners in the industry.
In addition, Bitget Wallet has a $300 million user protection fund and conducts rigorous audits for its core codes to enhance its risk resistance capability. Kan also stressed the importance of providing educational material to users to keep them updated on the latest threats in the Web3 landscape.
When designing a wallet, Kan highlighted the need to find a balance between convenience and security. It is crucial to constantly stay updated on the latest technologies and methodologies used by malicious actors and implement proactive prevention measures to maintain a smooth user experience.
Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. The wallet also aggregates liquidity across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.
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