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Argent DeFi Wallet Review

Argent Wallet Review: DeFi Made Easy

Written by LouiseElizabeth

1st July 2020

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Argent is an Ethereum based mobile wallet where you can store, send, and save; borrow, earn interest, and invest.  With the ability to enjoy decentralized apps in just a few taps including the likes of Aave, PoolTogether, Compound Finance, and Uniswap. Plus all transaction fees for transferring funds are free, therefore no more complicated gas fees to include.

With Argent’s non-custodial wallet; Only you can access your assets and nobody can stop you accessing them (not even Argent). There’s no recovery phrases or seeds to remember or store away safely. Instead, you can protect your Argent Wallet with an argent agent, family member or friend, or your own device such as a Trezor and Ledger used as Guardians.

The app itself includes everything you’d expect from a mobile banking app and is very user friendly, developed with the beginner in mind.

Are Transactions Still Free with Argent?

Argent initially launched their wallet providing fee-free transactions, however, due to the increase in gas fees it no longer became feasible for them to do so. There are still a few free features available, such as adding a Guardian or changing your daily limit and its free for their DAI Savings Rate which is still subsidised by Maker.

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Argent Wallet vs Dharma Wallet

Another wallet similar to the Argent Wallet is Dharma. Dharma is an open-source and non-custodial wallet built on Compound and allows users to deposit and earn interest, trade and send funds easily. You will start to earn interest on your crypto assets, as soon as you make a deposit into your Dharma account. Plus Dharma is also the first mobile wallet with native support for Uniswap V2. So if you ever want to make a trade on the go, use Dharma where you can trade and seamlessly swap 2000+ DEFI assets on your mobile device.

Plus one of the greatest benefits of using Dharma is that there are still ZERO gas fees, if you’re interested in finding out more about Dharma, you can read my review here.

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How to Claim UniSwap UNI Tokens with Argent

As an Argent user, if you added liquidity to UniSwap via Argent, or exchanged on Uniswap using WalletConnect, prior to the 1st September 2020 your Argent wallet will be eligible for UNI tokens from the Uniswap airdrop. Although, you will not be eligible if you used their integrated exchange Kyber, according to the Uniswap rules. At a current price of $4.21, 400 UNI tokens are worth $1,684, so it’s definitely worth checking!

To claim your tokens, you’ll need to have enough ETH in your wallet to pay for the gas fees. Then simply head across to Uniswap, connect your wallet via WalletConnect. Open Argent, scanning your QR and you should then see a popup requesting approval. And your tokens will then be claimed. For more information, please check out their step by step guide.

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