What is a wallet and why do I need one?
A cryptocurrency wallet, comparable to a bank account, contains a pair of public and private cryptographic keys. The keys can be used to track ownership, receive or spend cryptocurrencies. A public key allows for other wallets to make payments to the wallet's address, whereas a private key enables the spending of cryptocurrency from that address.
Do I need an App to create a wallet?
No, you can create a wallet without an app, e.g. on myetherwallet.com. Just make sure that you own your private keys.
Can I use another wallet?
If you already have a wallet then you don’t have to create a new one. Just connect your wallet by clicking on “I have already a wallet” and you are ready.
Is PEAKDEFI App and PEAKDEFI Platform the same?
Although PEAKDEFI App and the PEAKDEFI Platform belong to the same PEAK ecosystem, they are completely independent and have a different purpose. While the PEAKDEFI App enables you to create wallets and receive / send cryptocurrencies in an easy way, PEAKDEFI Platform allows you to invest in a decentralized Managed Fund to grow your capital and earn PEAK through staking.
Is it safe?
The purpose of decentralization is transparency and security. In contrast to a managed fund on centralized exchanges, you are the only one who has access to your wallet. There are no middlemen, no third parties involved. Everything is managed autonomously through smart contracts.