CypherD Wallet Analysis
What is CypherD Wallet?
Cypher sells crypto cards and wallet tools that let users spend from self-custody wallets. The site positions the product around everyday purchases, merchant acceptance, and crypto rewards on card spending. Its business offering adds team cards, spending controls, and Gnosis Safe or Ledger support for crypto-native teams.
Location
Palo Alto, California, United States
Employees
11-50
Founded
2021
Business Model
Transaction fees from cryptocurrency transactions and staking services generate revenue.
Company Stage
Pre-Seed
YC Batch
W22
Product Features & Capabilities
- Cypher Wallet, Cypher Card, Cypher Business, non-custodial wallet, manage and stake crypto across 18+ Ethereum and Cosmos blockchains, virtual and physical cards, support for 500+ tokens, expense management for Web3 teams, accounting integration with QuickBooks and Xero, stablecoin off-ramp.
Pricing
- Premium Plan: $6.00 monthly non-USD spend charge.
- Standard Plan: $18.00 monthly charge.
- No monthly fees for loading USDC or non-USDC amounts under both plans.
Who are the founders of CypherD Wallet
KM
Market Focus
CypherD Wallet primarily focuses on the cryptocurrency and blockchain industry, specifically as a Web3 banking gateway that provides non-custodial wallet services and financial solutions for managing and staking cryptocurrencies across multiple blockchains.
Investors
- Asymmetry Ventures
- TRAC
- Goodwater Capital
- 11 other investors (specific names not listed)
Competitors Overview
The main competitors of CypherD Wallet in the Web3 banking and cryptocurrency wallet market include:
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MetaMask: A widely used non-custodial wallet primarily for Ethereum and ERC-20 tokens. It offers a user-friendly interface and is integrated with many decentralized applications (dApps). Its large user base and extensive support for Ethereum-based assets give it a significant advantage.
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Trust Wallet: This wallet supports multiple blockchains, including Ethereum and Binance Smart Chain, making it versatile for users holding various cryptocurrencies. Its user-friendly interface and built-in decentralized exchange (DEX) functionality are notable advantages.
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Coinbase Wallet: A non-custodial wallet that allows users to manage a variety of cryptocurrencies securely. It is backed by Coinbase, which adds a layer of trust and security. Its integration with the Coinbase exchange provides seamless access to trading.
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Phantom Wallet: Specifically designed for the Solana blockchain, Phantom offers a smooth user experience and features like staking and NFT management. Its focus on Solana gives it a unique position in the market.
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Exodus: Known for its attractive user interface, Exodus supports a wide range of cryptocurrencies and offers built-in exchange features. Its focus on user experience and accessibility makes it a strong competitor.
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Coinomi: This wallet supports over 1,770 cryptocurrencies and offers built-in exchange functionality. Its multi-chain support and privacy features are significant advantages.
These competitors differ in terms of blockchain support, user experience, security features, and additional functionalities like staking and built-in exchanges, which can influence user preference in the cryptocurrency wallet market.
Company Pricing
- Premium Plan: $6.00 monthly non-USD spend charge.
- Standard Plan: $18.00 monthly charge.
- No monthly fees for loading USDC or non-USDC amounts under both plans.
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