If you’re new to cryptocurrencies, you may have heard about ERC20, crypto swap, or DeFi and asked, “What are any of those things?”
There are others going through the same thing you are. Web3 offers a lot, but it can seem difficult if you aren’t familiar with it at first. The good side of all this? You can understand investing even if you aren’t a developer or expert in finance.
This article clearly explains two common Web3 terms: ERC20 tokens and crypto swaps. If you want a quick and secure way to use your cryptocurrencies, we’ll show you why Bitget Wallet is the way to go.
What Is ERC20, and Why Is It So Important?
First, let’s discuss what ERC20 is.
The standard ERC20 describes the rules that allow tokens to exist on the Ethereum blockchain, but it is not a cryptocurrency on its own. It’s a way for apps and tokens to communicate so they can all be used together.
An ERC20 token is able to be stored, transferred, and received with an Ethereum wallet. To give you an idea, UNI (Uniswap), USDT (Tether), and LINK (Chainlink) are a few very popular tokens you might hear about.
It matters because Ethereum is one of the main blockchains, backing numerous apps, wallets, and services. If you get involved with Ethereum or DeFi, you’re probably using ERC20 tokens.
Want to learn more? Here’s a deep dive into the Question: what is ERC20 and how it works behind the scenes.
What Is a Crypto Swap?
Okay, so let’s say you’re holding ETH in your wallet, but a new NFT project only accepts USDC, or you want to switch from DAI to MATIC. How do you do it?
That’s where a crypto swap comes in.
A crypto swap makes it possible to trade tokens back and forth without first having them converted into real money. You can usually do it quicker and more cheaply than on a normal exchange, and if you use the right wallet, it takes only a few clicks.
But swaps aren’t just for convenience—they’re essential for anyone interacting with DeFi, NFTs, or yield farming. They allow you to move seamlessly between assets and networks, so you’re never stuck holding a token you can’t use.
And with Bitget Wallet, this entire process becomes even smoother. You can perform a crypto swap directly inside the wallet, on mobile or desktop, without needing to leave the app. It’s user-friendly, non-custodial, and supports a wide range of tokens and blockchains.
Bitget Wallet: Your Everyday Tool for ERC20 and Crypto Swaps
When choosing a wallet, especially for beginners, three things matter most: ease of use, security, and flexibility.
Bitget Wallet delivers on all fronts. Unlike centralized platforms, Bitget Wallet is non-custodial, meaning you—and only you—own your private keys. That’s the Web3 way: no middlemen, no delays, just you and your crypto.
Here’s what makes Bitget Wallet a solid choice:
- Multi-Chain Support – Whether it’s Ethereum, BNB Chain, Polygon, or more, Bitget Wallet lets you manage all your assets in one place.
- Built-in Swapping – Say goodbye to bouncing between apps. Bitget Wallet integrates seamless token swapping so you can trade on the go.
- Advanced Security – With encryption, password protection, and backup tools, your digital assets stay safe—even if your phone doesn’t.
Beginner-Friendly Interface – You don’t need to be a developer to use it. The wallet is clean, intuitive, and guides you every step of the way.
Whether you’re holding ERC20 tokens or exploring DeFi protocols, Bitget Wallet is designed to be your crypto sidekick—reliable, secure, and accessible.
Beginner Crypto Mistakes to Avoid with Bitget Wallet
It’s easy to make mistakes—from losing access to your wallet to falling for phishing scams. Here are some of the most common errors beginners make, and how Bitget Wallet helps you stay safe from day one:
- Sending ERC20 Tokens to the Wrong Network
It’s an easy error to make. You copy an address, hit send, and—poof!—your funds are gone. Bitget Wallet helps prevent this by automatically identifying token types and warning you before you make a costly mistake. - Using Centralized Platforms for Every Transaction
While exchanges are useful, they often come with long verification times, withdrawal fees, and exposure to security risks. With Bitget Wallet, you keep control of your keys and can swap tokens instantly without ever needing an account. - Ignoring Network Fees
Every blockchain has gas fees, and sometimes those can be high. Bitget Wallet displays estimated fees before you transact, so you can choose the best network or wait for fees to drop. - Not Backing Up Your Wallet
Bitget makes it easy to back up your recovery phrase and store it securely. It even reminds you if you haven’t done it yet, because losing access to your wallet can mean losing your funds forever.
Making DeFi and Web3 Simple for Everyone
Crypto is moving quickly, and now it’s accessible to everyone, not just experts. It looks like artists, gamers, creators, and standard investors are now involved in DeFi, NFTs, and token swaps.
But ease of use is still the barrier. That’s why tools like Bitget Wallet are becoming essential. They strip away the complexity and give you the power to:
- Manage your ERC20 tokens
- Swap crypto on the fly
- Interact with dApps across multiple chains
Stay secure without feeling like you need an IT degree
And because Bitget Wallet is built as a wallet-first solution, you never have to worry about third-party custodians or confusing interfaces. You’re in control—from start to finish.
Conclusion: Take Control of Your Crypto Journey with Bitget Wallet
At the end of the day, understanding what ERC20 is and how to perform a secure, hassle-free crypto swap are essential parts of becoming confident in crypto.
With Bitget Wallet, you don’t just get storage—you get a fully equipped, secure gateway to the world of Web3. From managing ERC20 tokens to exploring NFTs and DeFi apps, Bitget Wallet is designed to simplify your journey and give you real control over your digital future.
Ready to swap, store, and explore securely? Download Bitget Wallet and discover your new go-to defi wallet today.
