BankSocial wallet
The most secure hardware wallet for your BankSocial
Secure your crypto journey with Tangem; make your BankSocial untouchable!
How to secure your BankSocial with Tangem?
When you buy or hold BankSocial in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a BankSocial Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose BankSocial wallet with Tangem.
Privacy
No registration and KYC required to use the app. We don't track your data.
Security
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Convenient designs
Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Customer care
Fast support for your needs. Live chat and email support for customers from all over the globe.
What is BankSocial (BSL)?
BankSocial™ is at the forefront of the DeFi landscape as a platform focused on peer-to-peer lending. Operating on the Ethereum blockchain, BankSocial aims to transform the traditional lending industry by harnessing blockchain and smart contract technology. The native token, $BSOCIAL, is central to the ecosystem, with proceeds from token sales being reinvested into the community.
What is a BankSocial (BSL) wallet?
A BankSocial wallet is a digital tool that manages private keys for accessing and controlling your BSL assets. While the BSL tokens themselves are stored on the blockchain, the wallet ensures that these tokens are securely accessible through private key management. It’s essential for sending, receiving, and managing your BSL holdings effectively.
How does a BankSocial (BSL) wallet work?
BankSocial wallets employ a combination of public and private keys to manage transactions on the blockchain. The private key provides access to your BSL account and must remain confidential. The public key, however, can be shared for receiving funds. To send BSL, the corresponding private key is necessary. Tangem Wallet is an example that securely generates and retains these private keys.
What are the types of BankSocial (BSL) wallets?
Exchange BankSocial Wallets: Platforms like Coinbase and Binance offer custodial wallets for buying BSL with fiat currencies, but the centralization poses risks, such as account restrictions.
Software BankSocial Wallets: These are applications that manage BSL and private keys on devices, including mobile, desktop, and browser wallets. While convenient, they are more susceptible to cyber threats.
Mobile BankSocial Wallets: Smartphone apps designed to facilitate BSL transactions and management on-the-go.
Desktop BankSocial Wallets: Software installed on PCs or laptops, storing private keys locally on hard drives.
Hardware BankSocial Wallets: Secure offline devices like Tangem, offering robust protection against digital threats.
How to Choose the Best BankSocial (BSL) Wallet
Choosing the best wallet is aligned with your individual priorities around ease, security, and long-term storage. For those seeking maximum protection against online attacks, hardware wallets such as Tangem are ideal, especially for substantial BSL reserves.
BankSocial BSL
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See all supported cryptosBankSocial FAQ
- You can buy BankSocial on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of BankSocial, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for BankSocial depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for BankSocial, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- BankSocialleverages the Hedera Hashgraph network to build a secure and efficient web3 platform for credit unions. Hedera's speed, scalability, and low transaction fees empower credit unions to offer members a user-friendly gateway to digital assets, lower fees, and a more inclusive and intuitive financial experience.
- BankSocial® isa passionate team of credit union and DLT experts, building an Open Banking platform that merges the world of credit unions and traditional finance with the world of Web3 and DeFi.
- A cryptocurrency, crypto-currency, or colloquially, crypto, isa digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
- BankSocial (BSL) isa peer-to-peer social agreement lending platform that aims to revolutionize the usage of blockchain for lending. As per the whitepaper, the platform claims to be secured by the Ethereum blockchain.
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