What is VeraWallet by Verasity?

VeraWallet by Verasity is a custodial cryptocurrency wallet designed for storing, staking, buying, and withdrawing the Verasity token (VRA). Trusted by more than 350,000 users, the wallet acts as a central hub for the Verasity ecosystem, providing tools to manage VRA securely while offering staking rewards, fiat conversion, and direct purchase options.

Unlike general-purpose wallets, VeraWallet is built specifically for VRA, making it the main access point for token holders who want to use Verasity’s staking and reward systems.

Key Features of VeraWallet

VeraWallet serves as a multifunctional financial center for VRA holders. Its features include:

• Secure VRA storage in a custodial environment
• Staking tools with 15% annual returns, paid daily
• Direct buying and selling via card or bank transfer
• Reward management for earnings from the Verasity platform
• Fiat off-ramp for converting VRA to cash (via Paybis)
• User-friendly design that simplifies management and access

Each of these features is supported by a layered security system designed to protect users’ assets from hacks, phishing attempts, and platform-level exploits.

How VRA Storage Works in VeraWallet

VeraWallet is the primary wallet for storing Verasity’s VRA token. Assets are not pooled with exchange funds, which reduces systemic risks.

When tokens are deposited, they are kept in cold storage, meaning they are held offline for maximum security. This ensures that 99.9% of user assets are isolated from online threats.

Staking in VeraWallet

One of VeraWallet’s most used features is staking. Users can lock their VRA and earn a 15% annual percentage rate (APR), with rewards distributed daily. Staked VRA remains visible in the wallet, and users can unstake at any time, though withdrawal delays apply for security reasons.

Staking within VeraWallet avoids the need for external DeFi platforms, reducing the risk of interacting with unverified smart contracts.

Buying and Withdrawing VRA

VeraWallet supports both on-ramp and off-ramp transactions:

• On-ramp: Users can buy VRA using a debit/credit card or bank transfer.
• Off-ramp: Added in July 2025, users can now convert ERC-777 VRA (VRA-ETH) directly into fiat currencies like USD, EUR, or GBP via Paybis.

The off-ramp feature makes VeraWallet a complete financial tool, removing the need to rely on centralized exchanges to cash out tokens. Currently, BEP-20 VRA (VRA-BSC) is not supported for fiat withdrawals, so holders must swap back to ERC-777 first.

Security Features of VeraWallet

VeraWallet emphasizes security and attack resistance as its main differentiator. The wallet uses a mix of technical defenses and operational safeguards to protect users.

Continuous Threat Monitoring

The platform monitors transactions and activity patterns to detect anomalies. Accounts showing suspicious behavior are automatically locked and then manually reviewed by developers. This layered process reduces false positives while keeping malicious activity under control.

Cold Storage and Two-Factor Authentication

• Cold storage: 99.9% of funds are stored offline, disconnected from the network.
• Two-factor authentication (2FA): Mandatory for all accounts, requiring users to confirm access with an authentication app.

This combination ensures that even if passwords are stolen, attackers cannot easily compromise accounts.

Systems Health Monitoring

VeraWallet runs regular automated security audits and health monitoring. Developer teams also review reported vulnerabilities, patching issues before they are exploited.

Blocking of Stolen Funds

An integrated smart contract system blocks VRA tokens flagged as stolen from being moved into VeraWallet’s staking ecosystem. This prevents bad actors from using the platform to legitimize stolen tokens.

Withdrawal Delays

Withdrawals are subject to a time-delay mechanism. While this slightly slows fund transfers, it provides a crucial buffer to detect and prevent unauthorized access or large-scale attacks on wallet systems.

KYC and Compliance

To comply with international regulations and prevent illicit use, VeraWallet enforces Know Your Customer (KYC) procedures. Users must provide identification to access certain features such as fiat conversions.

This requirement also helps Verasity block accounts linked to sanctioned jurisdictions, known hacking groups, or other high-risk entities.

Mitigating Personal Risk

Even with strong wallet-level protections, most losses occur when individuals fail to safeguard their accounts. VeraWallet provides clear guidance on personal security best practices:

• Always enable 2FA for VeraWallet, email, and exchange accounts.
• Be cautious of phishing attempts through emails or messages.
• Use unique, complex passwords, ideally managed with a password manager.
• Regularly update your device software and antivirus tools.
• Verify wallet addresses before sending funds.
• Avoid public Wi-Fi when accessing accounts.

Users should also remember that transactions sent outside VeraWallet are irreversible, and Verasity will never request direct transfers or run giveaways promising returns.

Related Context: Verasity’s Cross-Chain Expansion

The addition of a fiat off-ramp came shortly after Verasity expanded to the BNB Chain, suggesting a broader strategy for cross-chain growth.

Recent events tied to Binance have highlighted this push:

• Binance Alpha VRA Airdrop: 32,238 VRA distributed to early participants.
• Binance VRA Trading Competition: 960 million VRA in rewards for buyers between July 27 and August 10, 2025.

These campaigns increase liquidity and visibility for VRA, further connecting VeraWallet to wider exchange activity.

Conclusion

VeraWallet by Verasity is a custodial crypto wallet built specifically for the Verasity (VRA) token. It combines secure storage, staking, fiat conversion, and a straightforward interface, making it the central tool for anyone engaging with VRA.

With features like cold storage, 2FA, withdrawal delays, and active monitoring, VeraWallet emphasizes security and compliance while keeping usability simple. For VRA holders, it functions as a one-stop solution: a place to buy, stake, hold, and withdraw tokens with a direct link to fiat.

Resources:

1. Binance announcement about VRA trading competition: https://www.binance.com/en/support/announcement/detail/c7c9025f8c414a919c578cd9b5c245e8

2. VeraWallet website: https://verawallet.io/?c=IN

3. Verasity docs about Verawallet: https://verasity.helpscoutdocs.com/article/101-how-do-i-add-vra-to-my-verawallet