One of the greatest appeals of cryptocurrencies is their decentralized nature. Cryptocurrencies empower people to manage their finances without banks or other institutions. Hence, in a decentralized environment, individuals must ideally be responsible for the custody of their crypto assets. Self-custodial wallets provide the solution by allowing users to keep their ‘private keys,’ ensuring that only legit owners can access stored crypto funds.
Are you looking for an easy-to-use self-custodial wallet to store and swap cryptocurrencies? Then, it would help if you looked at the Sahal Wallet, the world’s first halal crypto wallet that complies with the ethical principles of Sharia Law. Sahal is an Arabic word for “easy,” indicating the user-friendliness of this self-custodial wallet. Besides safely storing crypto assets, users can swap hundreds of cryptocurrencies directly on this wallet thanks to the integration of crypto exchange functionality powered by LetsExchange.
Below, we review the benefits and drawbacks of this wallet for traders, investors, and enthusiasts. So, let us begin!
Sahal Wallet Summary
The Sahal Wallet is a multi-chain and multi-asset crypto wallet with solid security features. It is available as a mobile app for Android and iOS. You can download it free of charge here, or you can get it from the Google Play Store and App Store. As a self-custodial wallet, users have complete control over their private keys to access and manage their crypto assets. It is also the gateway to the entire MRHB DeFi Ecosystem, which offers a suite of ethical and halal (i.e., Sharia-compliant) products, all in one place!
Overview
Pros
- Elegant and user-friendly interface,
- Exchange functionality within the wallet to buy and swap cryptocurrencies,
- Multichain support,
- Open-source code,
- Access to NFT marketplaces,
- Good customer support.
Cons
- The number of coins is limited at the moment,
- Hardware wallets are still preferable for large sums.
Installing the Sahal Wallet
After downloading the app, you must select “install.” After the installation, you can open the Sahal Wallet app to create your wallet. Initially, you can choose between creating a new wallet and importing an existing one. If you decide to create a new app, a seed phrase of twelve words will appear. Safely store your seed phrase since you cannot access your crypto assets if you lose it with your private key. Finally, to create your wallet, you must re-enter your seed phrase in the correct order. Create a password, and your wallet will be ready to use!
Main Features of the Sahal Wallet
User Friendliness
The first thing we noticed when we opened our wallet was the elegance and simplicity of the user interface. The Sahal Wallet was undoubtedly built with user-friendliness in mind. Regardless of your experience with self-custodial wallets, you will easily manage the Sahal Wallet.
Halal Crypto Assets
A key feature of this wallet is a “filter” that allows only halal tokens to be stored and transacted. This filter is Merhaba’s proprietary screening process, managed by MRHB DeFi’s Sharia Governance Board (SGB), which is composed of reputable Sharia scholars with crypto expertise. This screening process filters out the cryptocurrencies and protocols that derive their economic value from business activities deemed unethical, such as gambling, pornography, etc. This feature makes the Sahal Wallet attractive to millions looking for a safer and more ethical way to transact cryptocurrencies.
Built-In Exchange
Another great feature of the Sahal Wallet is the built-in exchange, which allows swapping cryptocurrencies without leaving the wallet app. The Sahal Wallet has integrated crypto exchange functionality via API powered by LetsExchange, which supports the largest number of cryptocurrencies worldwide. As a result, Sahal Wallet users can choose between millions of trading pairs.
Multichain Crypto Support
The Sahal Wallet supports various blockchains, including Ethereum, Binance Smart Chain, Polygon, and Phantom. Users can swap coins in any two chains easily.
Other Crypto Assets
Users can connect the Sahal Wallet to various DApps and NFT marketplaces. We found this feature particularly useful for those who want to diversify their investment portfolio. Remember, you can trade only halal crypto assets on this wallet.
Customer Support
Users experiencing a problem with their wallet can immediately contact Customer Support. A standby customer support team is readily available to help.
Sahal Wallet Security
Security is the top concern for most users of a crypto wallet. The Sahal Wallet has all the necessary features to store your assets safely. Reportedly, the Sahal Wallet cannot be hacked directly by cyber attacks unless you are the victim of a phishing or malware scheme. You must follow basic rules to protect your crypto holding to avoid inconveniences. Some actions that can help are:
- Use a secure password that is not easy to guess.
- Avoid saving your seed phrase on your smartphone or in an online drive.
- Refrain from clicking on suspicious links or connecting your wallet to dubious sites.
With these simple steps, there must not be any threat to your assets stored in the Sahal Wallet. Remember, the security of your assets in a self-custodial wallet depends also on your security practices. However, if you are still concerned about the safety of your crypto holding (especially if you plan to store large sums), you better consider investing in a hardware wallet.
Our Verdict
The Sahal Wallet is a great mobile wallet we can recommend. Its most prominent feature is the screening process, ensuring that only Sharia-compliant crypto assets are stored and transacted on this wallet. This feature is crucial for people who seek a more secure and ethical way to access and benefit from the crypto-verse.
Another remarkable feature of this wallet is the built-in exchange functionality. Through the integration of the LetsExchange API, the Sahal Wallet enables users to swap hundreds of cryptocurrencies within this app. Moreover, this wallet allows access to several NFT marketplaces, which comes in handy for users wishing to diversify their portfolios.
Drawbacks? We did not find any inconveniences with this wallet. Security is perhaps not on par with hardware wallets. However, during our tests, we had no issues or identified vulnerabilities.