EMCD Optimism wallet
— One tap. All of crypto

OP, or Optimism, is the token of a Layer 2 blockchain created to scale and accelerate the Ethereum network. The network is powered by OP Labs PBC, a company founded in 2019. The company's co-founders include many former Ethereum developers. OP Labs PBC runs the Optimism network in partnership with the Optimism Collective, a decentralized organization.

As with other similar projects, the essence of Optimism is to redistribute the load between the network itself and the core ETH network. Optimism is responsible for transactions and smart contracts, while the Ethereum network provides security and generates new blocks. This structure improves the speed of Ethereum-based transactions and smart contracts. The OP coin (token) serves as the base currency for transaction fees on the Optimism network.

The OP exchange rate is not pegged to ether, which allows the token to be used as a standalone investment asset. As of the end of 2024, the token is among the top 50 most popular cryptocurrencies and has a market capitalization of $2.5 billion. Its average rate fluctuates around $1.8 per 1 OP.

You need to create an Optimism coin wallet to use this token. Let's consider the features of OP wallet on the EMCD platform and find out how it can be created.

What's an OP wallet?

An OP wallet is a tool that lets you interact with the Optimism network. Secure access to cryptocurrency wallets is traditionally provided by a system of private keys. By the principle of storing these keys, it is common to separate:

• custodial wallets, which take over the storage of private keys;
• non-custodial wallets, where the user is directly responsible for their safety.

The OP wallet on the EMCD platform is a custodial wallet. It provides users with these benefits:

• You can restore access in case of key loss
• Usability
• Fast registration of new wallets and accounts
• High level of security and privacy

The custodial format allows increasing the level of security through scaling – it is easier to protect a centralized repository of private keys than each device from which clients can access the account.

Features of Optimism wallet on EMCD

The EMCD platform offers multi-currency wallets. This means that besides OP, you will be able to use other crypto assets, namely:

• Arbitrum (ARB)
• Avalanche (AVAX)
• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Dash (Dash)
• Dogecoin (Doge)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Kaspa (KAS)
• Litecoin (LTC)
• Notcoin (NOT)
• Polygon (POL)
• Tether (USDT)
• Toncoin (TON)
• USD Coin (USDC)

By creating a wallet, you will be able to:

• Receive and send payments without fees
• Exchange currencies on the built-in P2P platform
• Buy crypto assets for fiat, as well as withdraw coins in fiat
• Earn on your assets with Coinhold

EMCD wallets provide:

• Reliability
• Safety
• Privacy
• Efficiency – transactions are carried out in minutes
• Usability

How can you create an Optimism wallet

To create a wallet for OP tokens on EMCD, you need:

• Go to the official EMCD site
• Click the ‘Create account’ button
• Enter your e-mail account using an address that isn’t accessible to third parties
• Create and enter a password that complies with security policies
• Confirm your email address
• Set up two-factor authentication to log in to your wallet in your cabinet

After that, you can top up the created account:

• from another wallet
• from a card account
• via P2P

Then you can use all the advantages of a secure, profitable, and efficient EMCD OP wallet to manage your digital assets.