❓FAQs

What is Magmar Wallet?

Magmar Wallet is a smart contract wallet built on Ethereum, leveraging ERC-4337 for account abstraction. It offers enhanced security, user-friendly features, and seamless interaction with DeFi applications.

How is Magmar different from traditional crypto wallets?

Magmar offers programmable security, easy account recovery, gasless transactions through our Paymaster system, and the ability to batch multiple actions in a single transaction.

Do I need ETH to use Magmar Wallet?

Not necessarily. Thanks to our Paymaster system, many transactions can be gasless or paid for using other tokens, depending on the specific DApp or service you're using.

How secure is Magmar Wallet?

Magmar employs advanced security measures including multi-factor authentication, customizable security rules, and social recovery options. Our smart contracts are regularly audited by top security firms.

Can I recover my account if I lose access?

Yes, Magmar offers various account recovery methods, including designating trusted contacts who can help you regain access after a set waiting period.

What cryptocurrencies does Magmar support?

Magmar supports all ERC-20 tokens on Ethereum. We're working on expanding to other blockchain networks in the future.

Is Magmar open-source?

Yes, our core contracts are open-source and available for review on our GitHub repository.

How does Magmar handle transaction fees?

Magmar uses a Paymaster system that allows for flexible fee models, including sponsored transactions and payment in tokens other than ETH.