Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Saturday, May 31
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Huobi Wallet New Feature Allows Users To Transact Without A Private Key
News

Huobi Wallet New Feature Allows Users To Transact Without A Private Key

This new feature makes it easier for new users in the crypto space to take advantage of DeFi applications.
Arun ShakyawarBy Arun ShakyawarOctober 11, 2021Updated:October 11, 2021No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Huobi Wallet New Feature Allows Users To Transact Without A Private Key
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Huobi Wallet, the multi-chain light wallet of the Huobi ecosystem, today introduces a new feature – dubbed as ‘Cloud Wallet’.

This new feature makes it easier for new users in the crypto space to take advantage of DeFi applications. ‘Cloud Wallet’ enables users to manage their digital assets without having to keep a private key.

By integrating a variety of DApp interfaces, Huobi Wallet helps users easily manage multi-chain assets, track their real-time DeFi mining income, and claim rewards with just one click.

Read Also: Huobi Announces the Establishment of Huobi DeFi Labs

Cloud Wallet Simplifies Crypto Management For New Users

As decentralized finance (DeFi) continues to grow, people entering the space are learning how to use wallets to hold their digital assets. However, managing a non-custodial wallet, which requires owners to maintain their own private key, can be a complicated, cumbersome process for many users. Furthermore, if the owners forget or lose their private key, they can’t retrieve their assets in the future.

To address this challenge, Cloud Wallet lets users hold their digital assets without having to manage a private key. Through a third-party management system that keeps users’ private keys safe through key escrow, which is a secure method of storing cryptographic keys, users can rest assured that their assets are safe and easily accessible.

Liser Lee, Head of Huobi Wallet, said:

“The world of DeFi offers limitless possibilities for traders, investors, developers, and even the average person who is just now entering the blockchain space. Through our new Cloud Wallet feature, we’re improving the user experience so anyone and everyone can explore the rich features and services DeFi applications have to offer.”

While there are hundreds of exciting DeFi projects, selecting which projects to participate in and invest in can be difficult for people new to the space. To streamline this process, Cloud Wallet launches select projects, enabling users to participate in the DeFi ecosystem without having to screen projects themselves.

To ensure quality, Cloud Wallet analyzes data from several decentralized apps (DApps), including total value locked (TVL), audits, and team evaluations before listing them.

The new Cloud Wallet also seamlessly syncs with the Huobi Global, so users can participate in the DeFi space using their existing Huobi Global account. Furthermore, users of Huobi Global can transfer their assets to Cloud Wallet quickly, enabling them to participate in DeFi projects more safely and conveniently.

Users can also directly participate in select HECO projects via Cloud Wallet without switching between decentralized apps (DApps).

Huobi wallet states that the new feature will also expand support for more DeFi projects as the DeFi space continues to grow, and enable users to view their assets and profits from their investments in real time in the future. Other new features will later be added to assist users in their investment decisions.

“Cloud Wallet is the latest offering from Huobi Wallet as we continue to improve the user experience for digital asset owners. We look forward to expanding Cloud Wallet’s capabilities even more in the future.”

Lee

Cloud Wallet release comes on the heels of several developments for Huobi Wallet, including the launch of “one-click collection,” which enables users to collect their investment income from DeFi projects across multiple chains with just one click.

Read More: Huobi Wallet Introduces A New One-click Staking Reward Collection Feature – HClaimer

The Huobi Wallet app was also recently upgraded to better support DeFi solutions, and expand support for the layer 2 scaling solution Polygon for users to create and import their Polygon addresses through Huobi Wallet and access dApps on the Polygon network.

Crypto Wallet Huobi Huobi Wallet
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Arun Shakyawar
  • Website
  • X (Twitter)
  • LinkedIn

Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

More AlexaBlockchain

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

May 30, 2025

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

May 28, 2025

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

May 27, 2025

Taurus, Parfin to Build Institutional Digital Asset Infra Across Europe and LatAm

May 27, 2025

WalletConnect Launches WCT on Solana with 5M Airdrop, Goes Multichain via Wormhole

May 23, 2025

Sir Patrick Stewart, DeLorean Team Up Ahead of Its On-chain EV Marketplace Launch

May 22, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.