Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Enkrypt

MyEtherWallet (MEW)

3.9/5 4.6/5 · Data verified on

Enkrypt is the desktop browser-extension wallet developed by MyEtherWallet (MEW). It is self-custody: private keys and funds stay under the user's control. Its distinctive trait is multichain coverage beyond the EVM world alone: it handles Ethereum and EVM-compatible networks, Polkadot and Substrate-based chains, and Bitcoin. From a single in-browser interface users can hold, buy, send, receive and swap tokens, as well as manage NFTs and connect to web3 dApps. It supports major hardware wallets for added security. The code is open-source. The fee applied on swaps is not published as a fixed percentage.

46
Transparency: Low
46/100 · see methodology
46
Data exposure: Low
46/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Software (hot wallet)
Source code Open-source
Recovery Seed phrase (BIP-39)
Bitcoin-only No
Supported chains Ethereum, EVM compatibili, Polkadot, Substrate, Bitcoin
Built-in swap Yes
Built-in staking No
dApp browser Yes
WalletConnect Yes
Hardware wallet support Yes
Segment B2C
MiCA / License status Nessuna (wallet self-custody non-custodial)

Strengths

  • Genuine multichain beyond EVM (Ethereum + EVM networks, Polkadot/Substrate, Bitcoin) from a single extension; self-custody and open-source; built by the MEW team with hardware-wallet support.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.
  • Open-source, verifiable code.

Weaknesses

  • Desktop browser extension only (no native Enkrypt mobile app); swap fee not published as a percentage; interface geared to users already comfortable with the Ethereum/Polkadot ecosystem.
  • No notable sovereignty drawback documented.

Verdict

B S ★ 3.9/5 ★ 4.6/5

Score 3.9/5, solid profile. In its favour: genuine multichain beyond EVM (Ethereum + EVM networks, Polkadot/Substrate, Bitcoin) from a single extension; self-custody and open-source; built by the MEW team with hardware-wallet support. The trade-off to weigh: desktop browser extension only (no native Enkrypt mobile app); swap fee not published as a percentage; interface geared to users already comfortable with the Ethereum/Polkadot ecosystem.

On the Sovereignty lens the score is 4.6/5 (outstanding): the strength is fund control (5.0/5), while censorship resistance (4.0/5) is the weak link.

Privacy & anonymity 30% 4.5
Fund control 20% 5.0
Censorship resistance 20% 4.0
Trustless / auditability 20% 5.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

Who develops Enkrypt?

Enkrypt is developed by MyEtherWallet (MEW), one of the long-standing teams in the Ethereum ecosystem. It is a desktop browser-extension wallet, self-custody and open-source: keys stay with the user and MEW has no access to funds.

Which networks does Enkrypt support?

Enkrypt is multichain beyond EVM alone: it handles Ethereum and EVM-compatible networks, Polkadot and Substrate-based chains, and Bitcoin. From a single extension you can hold, send, receive and swap tokens and manage NFTs.

Does Enkrypt charge swap fees?

Enkrypt integrates swap functionality across the supported networks. The fee applied on swaps is not published as a fixed percentage; network fees always apply on top. Check the amount shown before confirming.

Sources

Update history

✓ Terms unchanged since Aug 3, 2026

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