Why NOW Wallet Is Gaining Popularity Among New Crypto Users

The cryptocurrency industry has experienced significant growth over the years, transforming many skeptical investors into digital currency investors. Global cryptocurrency adoption has surged by over 880% between 2020 and 2024, with the U.S. playing a significant role in this growth.

A new surge in interest has been particularly notable following the 2024 U.S. presidential election, where pro-crypto policies from the Trump campaign directly fueled the market’s expansion and Bitcoin’s charge towards the $100,000 mark.

This new surge of interest is especially noticeable among retail investors looking to diversify their portfolios beyond stocks, with many wanting crypto to represent a minimal 1% to 3% of their portfolio.

This has led to a new wave of investors entering the crypto world, looking for secure and easy ways to manage their digital assets. For new users, one of the main concerns is safely and securely storing their cryptocurrencies. The industry has seen plenty of hacks, thefts, and exploits over the years, which makes it clear just how important reliable storage solutions are.

Non-custodial wallets, which give users full control over their private keys, are gaining popularity because they provide better security than custodial options. NOW Wallet, developed by the team behind the ChangeNOW instant crypto exchange platform, has become a popular choice for both newcomers and experienced users. It offers an affordable and comprehensive platform to store and manage a wide range of digital assets.

New to crypto? In this review, we’ll go over NOW Wallet’s key features, user experience, and overall performance to help you decide if it’s the right fit for your needs.

Key Features of NOW Wallet

NOW Wallet supports storage for over 70 blokchains and 1,500 tokens, including many ERC-20 and BEP-20 assets. Since it’s a non-custodial wallet, users keep complete control over their private keys—and, therefore, their funds.

Private keys are essentially long strings of characters that act as a user’s access code to their crypto portfolio. By keeping control of these keys, users can significantly lower the risk of hacks or losses due to breaches at custodial services.

This is different from custodial storage, where a third party holds onto a user’s private keys, which can add extra risk. NOW Wallet’s non-custodial setup follows the industry’s best practices for security and puts more control in the hands of the user.

Balancing Privacy, Security, and Ease of Use

One of the best things about NOW Wallet is how it balances privacy, security, and ease of use. As a non-custodial wallet, it lets users keep control of their private keys, offering a level of security that many competitors don’t match.

This balance is especially important for the wave of new crypto users entering the market after the U.S. election, as they look for a secure but user-friendly way to manage their assets. Privacy is also a big deal for many crypto users, and NOW Wallet delivers by letting you manage your assets without jumping through hoops like identity verification.

Unlike some wallets that ask for a lot of personal info, NOW Wallet’s non-custodial setup ensures you can stay anonymous while handling your crypto. This privacy-focused approach is a huge plus for people who care about their financial independence and want to keep their personal data off the grid.

In-Wallet Swaps

NOW Wallet’s integration with ChangeNOW enables users to swap cryptocurrencies directly within the wallet. This feature is targeted to investors who are looking to diversify their holdings or react quickly to market changes without having to add complexities to their crypto ownership by interacting with an external exchange. Users can also benefit from cross-chain swaps, which empower them to effortlessly transact between different blockchain networks.

The swap process doesn’t need any registration, making it easy for users to exchange assets while keeping their privacy intact. Plus, swapping assets directly from the wallet means users don’t have to move their coins to an exchange just to complete a transaction.

According to a report by Cointelegraph, in-wallet swap features have become increasingly popular as users look for more convenient ways to manage their portfolios. NOW Wallet’s integration with ChangeNOW ensures that users have access to competitive rates and a seamless swapping experience without sacrificing security.

Staking Opportunities

If you’re interested in earning some passive income, NOW Wallet makes it easy with staking options for several cryptocurrencies right within the wallet. Staking means you get to take part in the network’s consensus process and earn rewards over time.

It’s perfect for those who want to grow their crypto portfolio without having to trade actively, which can be risky — especially for beginners. NOW Wallet supports staking for popular cryptocurrencies like Tron (TRX), Binance Coin (BNB), Solana (SOL), NOW Token (NOW), Cosmos (ATOM), Tezos (XTZ), and Cardano (ADA). The staking process is user-friendly, so even if you’re just starting out, you can jump in without worrying about the technical side.

User-Friendly Interface

NOW Wallet’s user interface is designed to be easy and accessible, whether you’re just getting started or already know your way around crypto. The wallet’s layout is clean and simple, making it easy to find your way through all the features like sending, receiving, swapping, and staking cryptocurrencies.

The onboarding process is straightforward, with clear instructions that help even beginners set up their wallet and start managing their assets right away. NOW Wallet’s focus on a seamless user experience means new users can manage their digital assets without getting lost in technical details. Plus, there are educational resources available to help users learn the basics of crypto management, making the onboarding experience even better.

Multiple Currency Wallet

NOW Wallet is a versatile multi-currency wallet that supports over 70 blokchains and 1,500 tokens, including major coins like Bitcoin (BTC) and Ethereum (ETH), as well as various altcoins, privacy coins like Monero (XRM) and Zcash (ZEC), and stablecoins.

This lets users manage a diversified portfolio of tokens with different risk levels all in one place. For beginners, having a single solution to handle multiple cryptocurrencies simplifies the process and helps them get started more easily.

NOW Wallet’s versatility shines in a market where new tokens are constantly popping up. With support for a wide range of digital assets, NOW Wallet helps users keep up with market trends and invest in up-and-coming projects. According to CoinMarketCap, there are now over 23,000 cryptocurrencies, making a wallet that can handle a good number of these assets a big plus for investors looking to diversify their portfolios.

Fiat-to-Crypto Support

NOW Wallet lets users buy cryptocurrencies directly with regular money, thanks to partnerships with third-party services like Simplex, Transak, and Guardarian. This feature is rare among wallet providers and simplifies the process for beginners who may find external exchanges too complicated.

By offering a straightforward way to buy crypto with over 60 fiat currencies, NOW Wallet reduces barriers for new users entering the market. Its partnerships provide various payment options, including bank transfers, Visa/Mastercard, and Apple/Google Pay, making it easier for users to purchase cryptocurrencies and join the crypto ecosystem.

NFT Ownership

Besides handling digital tokens, NOW Wallet also supports non-fungible tokens (NFTs). Users can store, send, and receive NFTs directly in the wallet, making it a great option for anyone who wants to manage their digital collectibles alongside their cryptocurrencies.

As interest in NFTs continues to grow, having a wallet that supports these assets is increasingly important. NOW Wallet’s NFT support allows users to manage both their cryptocurrencies and NFTs in one place. This means users can take advantage of a convenient solution for their complete digital asset management.

DApp Connectivity

NOW Wallet makes it easy to connect with decentralized applications (DApps) using WalletConnect. With this feature, users can interact with DApps on multiple blockchains like Ethereum, Binance Smart Chain, Polygon, Avalanche C-Chain, Optimism, Fantom, and Algorand.

All it takes is scanning a QR code, and you’re set to connect your wallet directly to various DApps—whether for decentralized finance (DeFi) activities or beyond. Through DeFi, users can perform tasks like lending, borrowing, or yield farming without relying on traditional banks.

Connecting with WalletConnect is a big plus for DeFi users since it cuts out the middlemen completely. NOW Wallet lets you connect directly to DeFi platforms, making it easy to take part in various financial services without the extra hassle. Whether you’re looking to lend your assets and earn interest or provide liquidity to decentralized exchanges for yield farming rewards, NOW Wallet has you covered.

According to some estimates, the total value locked (TVL) in DeFi protocols surpassed $150 billion in 2024, highlighting the sector’s rapid growth. With NOW Wallet’s DApp connectivity, users can seamlessly tap into the expanding DeFi world and maximize the potential of their digital assets.

24/7 Customer Support

NOW Wallet is committed to the swift resolution of user issues. Whether users have inquiries about transactions, functionality, or other concerns, they can rely on a knowledgeable and responsive support team, available 24/7 via in-app live chat. This team is adept at addressing nearly all technical challenges, including account errors, incorrect transaction amounts, and network discrepancies, ensuring a smooth and uninterrupted user experience.

Conclusion: Is NOW Wallet a Good Choice?

Overall, NOW Wallet has earned a reputation of providing a solid mix of security, functionality, and convenience. It’s a great choice for beginners who demand privacy and control features. It is also attractive to users looking for features beyond the basics, such as staking.

NOW Wallet is widely considered to be a reliable option for everyday crypto management, especially for those looking to minimize the risks of hacks and theft. With its non-custodial setup, support for a wide variety of digital assets, in-wallet swaps, staking options, easy fiat-to-crypto buying, NFT support, and smooth DApp connectivity, NOW Wallet is a great option for anyone looking to take full control of their crypto journey.