The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27
 
28
 
29
 
30
 

Plus Wallet vs BitGet Web3 Wallet Amid Crypto Liquidations

DATE POSTED:November 7, 2024

With recent crypto liquidation news showing major losses for Bitcoin, Ethereum, and Dogecoin traders, many users are turning to safer ways to manage assets. Crypto Wallet apps now offer secure trading options, reducing the risks associated with leveraged positions vulnerable to market swings.

The BitGet Web3 Wallet, for instance, has introduced the Babylon Staking Program, letting users earn rewards by participating in its ecosystem.

Plus Wallet goes even further with advanced multi-chain functionality, letting users manage assets across multiple blockchains. This flexibility and security make Plus Wallet the best crypto wallet for simple, secure crypto management.

Rising Crypto Liquidations Show the Risks of Leveraged Positions

Recent data reveals a surge in crypto liquidations, with Bitcoin, Ethereum, and Dogecoin among the most affected assets despite recent price increases. In the past 24 hours, over $84 million was liquidated in Bitcoin alone, with Ethereum and Dogecoin following closely at $19.8 million and $12.6 million, respectively.

This trend highlights the risks associated with leveraged trading, especially as major exchanges like Binance and OKX recorded significant long and short liquidations. The volatility surrounding leveraged trades underscores the advantage of securely holding assets in a secure wallet like Plus Wallet, providing a more stable approach amid unpredictable market swings.

Babylon Staking Program Launches on BitGet Web3 Wallet

The BitGet Web3 wallet recently launched its Babylon Staking Program, inviting users to participate in staking tasks within the Babylon ecosystem for a share of substantial rewards. Running until November 28, the program offers 9 billion points and a 100,000 pSTAKE token airdrop, accessible through BitGet’s Task2Get feature.

Babylon’s unique model connects Bitcoin’s Proof-of-Work with Proof-of-Stake networks, expanding Bitcoin’s utility through cross-chain projects. BitGet users can participate in different blockchain projects through the wallet, enjoy various staking options, earn rewards, and explore the expanded features of decentralised finance (DeFi).

Plus Wallet Launches Multi-Chain Features for Versatile Trading

Plus Wallet’s advanced cross-chain functionality provides users with a streamlined way to manage assets across multiple blockchains. In simple terms, this feature lets users access and interact with a wide range of cryptocurrencies—like Bitcoin, Ethereum, and more—without switching between separate wallets. This means users can securely manage all their assets in one place, making Plus Wallet a convenient and unified solution for crypto management.

With support for numerous blockchains, Plus Wallet empowers users to hold, swap, and track assets across different networks, all within a single app. This capability maximises user freedom, offering flexibility and control, as individuals can easily explore and engage in a broad crypto ecosystem. By combining multi-chain support with user-friendly features, Plus Wallet enhances the trading experience for everyone, regardless of their familiarity with crypto.

These features make Plus Wallet the best crypto wallet for flexible trading and secure asset holding. By simplifying complex cross-network interactions, Plus Wallet enables users to manage and access their assets in one safe place. This makes it an ideal choice for anyone looking to handle their crypto efficiently and confidently.

The Right Crypto Trading Tool

In the face of crypto liquidations and the risks of leveraged trading, secure wallets like BitGet and Plus Wallet provide safer ways to manage digital assets. BitGet’s Babylon Staking Program adds valuable earning opportunities, but for those seeking a comprehensive crypto solution, Plus Wallet offers even more.

Its cross-chain functionality simplifies asset management across multiple blockchains, making it ideal for users looking to trade and hold assets in one place securely.

Plus Wallet isn’t short on rewards either; with uncapped earning programs, it stands out even more compared to BitGet Web3 Wallet as the best choice for versatile and rewarding asset management.

Plus Wallet:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post Plus Wallet vs BitGet Web3 Wallet Amid Crypto Liquidations appeared first on The Merkle News.