Rise Wallet Review—A High-Quality Aptos Wallet

Wallets are an essential part of how users experience cryptocurrency and blockchain-based decentralized applications. They allow users to manage their cryptocurrencies, non-fungible tokens and confirm interactions with DApps. Given the ethos of decentralization that’s behind cryptocurrency and blockchain technology, it’s not surprising that non-custodial wallets, which give the user full control over their private keys, are the preferred option among crypto enthusiasts.

When it comes to wallets, there is no one-size-fits-all solution. With new layer 1 blockchain platforms entering the market at a rapid rate, it can be difficult to find the right wallet if you want to start exploring a new blockchain platform that’s not supported by your current wallet of choice.

One of the most exciting new blockchain projects is Aptos, which had its mainnet launch in October 2022. Despite the mainnet launching very recently, the Rise project already provides a high-quality wallet for Aptos. 

The Rise wallet has been built as a go—to platform for Aptos users. Rise is a non-custodial cryptocurrency wallet that provides quick and easy access to the Aptos blockchain and its decentralized applications. In addition, it also packs extra features such as NFT management and decentralized exchange aggregation for efficient token swaps. Currently, Rise wallet is available as a browser extension for the Google Chrome web browser.

Rise is a non-custodial wallet for Aptos

A non-custodial wallet, sometimes also referred to as a self-custody wallet, is a type of cryptocurrency wallet where the private keys required for signing transactions are stored on the user’s device. This gives the user complete control over their cryptocurrency, although it also means that they have the responsibility to ensure that their private keys are not exposed to anyone else.

In contract, a custodial cryptocurrency wallet is a wallet where the private keys are managed by someone other than the user. For example, this could be a cryptocurrency exchange or a wallet service provider. Custodial wallets require less responsibility from the user, but don’t offer the same amount of control—ultimately, the operator of the wallet must be trusted to handle the private keys with care.

Often, storing assets in the custodial wallets of crypto exchanges poses a risk of losing funds as cryptocurrency exchanges are a very attractive target for hackers. Experienced cryptocurrency users typically opt for a non-custodial wallet, such as the wallet offered by Rise.

Rise Wallet allows users to store and transact with crypto assets without the need for any intermediaries. This means that you don’t need to entrust your funds with an exchange when using the Rise Wallet. 

Meanwhile the Rise wallet gives users an easy and quick access to the Aptos blockchain experience. Before we proceed, let’s take a brief look at the pros and cons of the Rise wallet.

Rise wallet pros:

• Non-custodial wallet for Aptos
• Allows users to access a safe, scalable, and upgradeable web3 infrastructure
• Through the wallet, users can benefit from the Aptos platform’s emerging and novel innovations in consensus, smart contract design, system security, performance, and decentralization
• Free to use

Rise wallet cons:

• Users have the responsibility of keeping their private keys safe

Rise wallet features:

Now, let’s go through some of the main features offered by Rise wallet that make it a very strong competitor in the Aptos wallet market.

• Swap: Rise wallet provides a swap aggregator on Aptos which determines the best route for token swaps, giving users access to the best prices available. 
• NFT collections: Rise features automatic grouping of Aptos NFTs belonging to the same collection.
• Send NFTs: Rise also allows users to easily send non-fungible tokens supported on the blockchain.
• PFP collections: Rise allows you to set an NFT from your gallery as your on-chain NFT profile picture. This feature ensures that your PFP is visible to other users when sending a transaction, to you in your wallet and in the apps that support it, and also viewable by others in selected applications.
• Translated into 15 languages: Rise seeks to terminate language barriers as it supports English translations into 15 other languages.
• All-day customer care service: users enjoy 24/7 live chat support to help them address any issues.
• Custom auto lock timer: Rise wallet allows users to set the amount of time that must elapse before your extension requests your password again.
• Universal send: Users can choose the token they wish to send from a convenient dropdown menu by simply using the portfolio’s “Send” button.

Additional features:

• Users can create any number of wallets
• Notifications that can be click to get transaction details from activity or a detailed error message
• Desktop push notifications and NFT notifications
• With Rise wallet, the address book is linked to the send flow. As such, if I save your address as “Alex” in my address book, all I have to do to send a transaction to you is type “Alex” in the recipient field and your address will be derived automatically.
• Users can edit the gas price, and also maximize the gas limit or transaction timeout if necessary.

Is Rise wallet safe for storing digital assets?

So long as users are careful about not exposing their private keys, Rise wallet is a safer way to store digital assets when compared to custodial wallets. 

As said earlier, storing assets with the Rise Wallet eliminates the possibility of posing users to the risk that comes with using cryptocurrency exchanges to store assets as they tend to be a target to bad actors usually because they have numerous wallets carrying massive amounts of tokens under their custody.

Rise wallet review verdict

Rise is definitely a wallet that’s worth considering for any Aptos user. It provides a smooth non-custodial user experience, and offers useful features such as NFT collection management and DEX aggregation. The wallet does a good job of providing security and convenience, which are the most important properties of any cryptocurrency wallet.

Since the Aptos ecosystem is still in a relatively early stage of development, we can expect the Rise wallet to be improved even further in the coming months and years.