Gem Wallet Review: Easy-to-Use Mobile Crypto Wallet Supporting 50+ Blockchains

Once a small market, crypto wallet users now enjoy more choices than ever. The Gem Wallet mobile app is an easy-to-use option that caters to newer users

Once a small market, crypto wallet users now enjoy more choices than ever. The Gem Wallet mobile app is an easy-to-use option that caters to newer users while supporting many of today’s most popular blockchains.

In our Gem Wallet review, we’ll explore the app’s pros, cons, and features and consider alternatives that may be better suited to individual use cases. Let’s start with a brief overview before discussing the Gem Wallet crypto wallet in more detail.

Key Takeaways

Our Verdict on Gem Wallet

Gem Wallet offers an easily navigable mobile wallet focused on crypto beginners and those who want a simple, user-friendly wallet. The app boasts support for over 50 blockchains and provides handy features like in-app purchases and staking. We found the app simple to use and navigate for more basic transactions.

However, advanced users may find Gem Wallet lacking features compared to competing wallet apps. We found Gem Wallet to be quite responsive when connecting to external decentralized applications, but the app didn’t connect to all of our wallets, nor did it show all of our positions or tokens.

Overall, Gem Wallet serves basic use cases well, but more experienced users may want to consider more powerful alternatives.

Pros

Cons

What is Gem Wallet?

Gem Wallet is a versatile cryptocurrency wallet supporting over 50 blockchain networks. The wallet supports XRP, Bitcoin, Ethereum, and several of today’s newest chains that competing apps don’t support as well.

Now available for iOS and Android, the mobile app provides instant access to Bitcoin, Ethereum, BNB, and Solana. Other supported networks must be enabled manually.

The team developed Gem Wallet with simplicity in mind, making it easy for new users to get started with the wallet. However, power users may find some frustrations. For example, only the first wallet address is visible when importing a seed phrase. Nonetheless, the app is capable and easy to use for simpler use cases or those who need support for the specific mix of chains supported by Gem Wallet.

Features include multi-chain support, in-app purchases, cross-chain swaps, and staking for select chains.

Notably, there is some room for confusion with a similarly named Chrome extension focusing on XRP connectivity. The two projects are distinct. This Gem Wallet review discusses the mobile app, which supports dozens of chains.

What Type of Wallet is Gem Wallet?

Gem Wallet operates as a non-custodial wallet, ensuring that users maintain full control over their wallet’s private keys. The private keys control your assets on the blockchain. Non-custodial wallets give the user possession of these keys. In short, you don’t need to access a third-party platform or ask permission to use your crypto. You have the keys.

The wallet app is open-source, allowing anyone to review the code and enabling community audits.

Supported Chains & Cryptocurrencies

Gem Wallet supports many leading blockchains, including Bitcoin, Ethereum, XRP, and Solana. Additionally, the wallet also supports several less common blockchains and many of the leading chains compatible with the Ethereum Virtual Machine (EVM).

Major Blockchains:

Gem Wallet supports many of the leading blockchains, including:

Layer 2 Scaling Solutions:

The app also supports a growing list of Layer 2 (L2) chains, including:

Other Supported Chains:

Gem Wallet also provides support for several additional chains and Layer 2 scaling solutions, including:

With more than 50 chains supported in total, Gem Wallet’s coverage rivals that of other well-known wallets, such as Trust Wallet and Atomic Wallet.

Gem Wallet Features & Tools

Gem Wallet offers several features to help novice and experienced crypto users navigate the Web3 world. Core wallet functionalities are well-designed. The app also provides the basics you’ll need to explore decentralized apps (dApps).

Basic Features

New users will likely feel comfortable using Gem Wallet. The app’s clean interface makes it easy to perform simple tasks like sending, receiving, or buying crypto. Multi-chain support makes the app versatile if you use several chains.

Multi-Chain Support

Gem Wallet supports an impressive list of cryptocurrencies, over 50 blockchains in total. These include major networks like Bitcoin, Ethereum, Solana, and BNB Chain. Several Ethereum L2 chains are also supported, allowing faster and cheaper transactions. For many users, this means they’ll only need one crypto wallet app.

Self-Custodial Control

Gem Wallet is a non-custodial wallet that provides users with complete control over their private keys. You’re the Captain now, but you’re also responsible for safeguarding your seed phrase and the wallet’s private keys.

Send and Receive

The wallet makes it a breeze to send and receive cryptocurrencies, rendering transactions quite straightforward and hassle-free. Scan a QR code on another wallet app to send or generate a scannable QR code for your own wallet address to receive.

Buy Crypto

Users can purchase crypto