Leap Wallet Review | Is It The Best Wallet In The Cosmos Today?
Jack Moreau
Feb 2024
6 min read
Fact checked
Leap Wallet has emerged out of nowhere in the Cosmos ecosystem and has quickly grown to over 200,000 active users. With a focus on simplicity, modern UX and quick development times the Leap team have gained the attention of both retail users and investors. In this review, we critically assess Leap Wallets features, weighing its pros and cons so that you can decide if it's the right wallet for you!
Leap Wallet was founded in 2021 by co-founder and CEO Sanjeev Rao and is based in Singapore. The Leap team has grown to over 20 team members situated around the world.
Leap Wallet website
Leap Wallet raised $3.2 million in a private sale of its LEAP governance and utility token. The funding round was co-led by CoinFund and Pantera Capital, with contributions from Arrington Capital, and Accel which valued the wallet at $40 million.
Leap Wallet investors
The Leap Wallet is currently available on mobile on Android and IOS where the app has over 10,000 downloads and a 4.6 rating. Over 200,000 users are currently using Leap Wallet as a browser extension which available on Chrome and Brave Browsers.
Leap Wallet app
Leap Wallet Crypto
Leap Wallet positions itself as the premier crypto wallet designed explicitly for all blockchains within the Cosmos ecosystem. The wallet offers a stellar user experience that allows effortless exploration of the interchain.
Leap Wallet supported platforms
Catering to over 50 Cosmos chains, it offers users an integrated portfolio overview, showing all Cosmos assets in a consolidated view, while also facilitating superior wallet management. Users can effortlessly create multiple wallets using a single seed phrase, bringing enhanced privacy and flexibility.
Leap Wallet portfolio view
Making Inter-Blockchain Communication (IBC) more user-friendly is a core feature, enabling users to send and receive assets across all IBC-compatible chains without the typical complexities such as managing Chain IDs. Additionally, an address book feature simplifies transactions by saving trusted addresses.
Leap Wallet IBC transfers
While they've already made critical repositories open-source, they're on a path towards achieving complete open-source transparency. Additionally, they offer Ledger hardware wallet integration for those seeking an added dimension of security without forgoing convenience.
Leap Wallet Features
Staking is another highlight, allowing in-wallet staking across all chains, with the added advantage of single-click reward claims and the latest airdrop updates. Beyond mere asset management, the wallet stands as a gateway to the expansive Cosmos interchain.
Users can showcase their NFTs in a dedicated gallery, participate actively in community governance voting, engage in low-fee in-wallet asset swaps powered by leading decentralised exchanges, and explore a range of dApps and products spanning DeFi, NFTs, trading, gaming, and more.
Leap Wallet DeFi
Distinct from other wallet extensions, Leap includes unique features like in-wallet faucets for new testnets, support for custom chains and tokens, and specialised functionalities to fully harness the potential of IBC.
Leap Wallet NFTs
At the time of writing, Leap Wallet only supports the Cosmos ecosystem which means blockchains such as Cosmos Hub, Osmosis, Evmos, Agoric, Juno, Injective and many others.
For users that wish to connect their hardware wallet to Leap Wallet, there is currently support for Ledger. Users can take advantage of all the services and features in the Cosmos ecosystem which includes governance, airdrops, IBC swaps and transfers, staking and NFTs.
In terms of wallet security, Leap Wallet is partly open source with the code having been audited multiple times. For those that want additional security, Leap wallet recently provided support for Ledger Wallet integration which allows hardware users to access Cosmos DeFi.
Leap Wallet Security
Leap Wallet is a 100% non-custodial platform which means that users retain total control over their keys. Their codebase has been meticulously audited by Halborn, reinforcing their claim of having a bug-free environment.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
