The SymmetriQ Wallet app is a standalone app that allows users to store, or “custody”, their own crypto and explore the decentralized web with a dApp browser. The wallet is a software product that gives you access to a wide spectrum of decentralised assets such as buying and storing ERC-20 tokens, participating in airdrops and ICOs, collecting NFTs such as digital collectibles, browse DApps, send crypto and shop at stores that accept crypto.

Blockchains provide robust security through cryptography and distributed verification, ensuring data integrity and privacy. However, private keys remain a vulnerability. If a private key is compromised, thieves can gain full access to your assets, signing and sending transactions without detection. This risk highlights the challenges of securing digital assets, as stolen funds can be used for criminal activities or evade regulations.

A SymmetriQ Wallet provides another level of security, preventing transactions even if the private key is compromised. It uses advanced encryption to ensure transactions originate from the correct source and requires a quantum signature via SymmetriQ’s notarisation service. With multi-party authentication, both the private key and SymmetriQ’s quantum key would need to be compromised for a transaction to proceed, making unauthorised access highly unlikely. The wallet not only addresses the security challenges of legacy wallets but also positions itself as a safeguard against evolving threats. Its innovative design ensures protection from known and anticipated future risks, including those posed by advanced technologies such as AI and quantum adversaries.

A SymmetriQ Wallet adds an extra layer of security to digital transactions by requiring two signatures: the usual wallet owner’s signature and an additional post-quantum signature from SymmetriQ. This dual process ensures that even if a private key is stolen, funds cannot be accessed or moved without meeting SymmetriQ’s extra verification steps. The wallet uses advanced encryption to create a secure link between the wallet and a zero-knowledge notary service. This notary acts as a checkpoint, verifying the transaction and ensuring it meets all security requirements and is also capable of dealing with compliance requirements such as identity checks and fraud prevention measures (KYC, AML, and CFT) by integrating with established providers such as CipherTrace. SymmetriQ also employs state-of-the-art technology to generate encryption keys only when they are needed, ensuring these keys cannot be intercepted or stolen. Additional safeguards include biometric authentication, live activity checks, and unique features like verifying wallet identity using sensors in mobile devices. Once everything is confirmed and secure, the notary approves the transaction, allowing it to proceed on the blockchain. This process ensures that even the most sophisticated cybercriminals cannot bypass the wallet’s defences, making SymmetriQ's Wallet one of the most secure solutions available today.

Yes. The SymmetriQ Wallet is to be as intuitive as popular options like MetaMask or Trust Wallet. Its interface functions much like a modern banking app, ensuring a user-friendly experience while advanced security features work seamlessly in the background.

Hardware wallets, often referred to as cold wallets, like Ledger and Trezor, are widely regarded as secure because they store assets offline, reducing exposure to online hacking attempts. These devices, resembling USB drives, are typically disconnected from the internet. However, vulnerabilities arise when users connect these wallets to the internet for transactions. In December 2023, a major hack of the Ledger dApp allowed malicious code to be injected, resulting in stolen funds. Similarly, Trezor wallets have faced phishing attacks where users were tricked into providing access credentials, leading to significant losses.
The SymmetriQ Wallet eliminates these vulnerabilities by incorporating advanced security measures beyond traditional cold wallet protections. Unlike hardware wallets, which become vulnerable during online interactions, the SymmetriQ Wallet prevents stolen keys from being used to move assets. Transactions require multiple layers of verification, which ensures that your digital assets remain secure at all times—offline or online—providing a level of protection that cold wallets alone cannot offer.

The SymmetriQ Wallet is a non-custodial, secure, decentralised hot wallet (online wallet) designed to provide a level of security that surpasses traditional cold wallets (hardware wallets). While hot wallets are typically connected to the internet and more vulnerable to attacks, SymmetriQ’s advanced technology, including multi-layered authentication and quantum-safe encryption, ensures robust protection without compromising accessibility.