The purpose of the stand-alone wallet is predominantly aimed at users who are interested in interacting with the Kinesis system and its currencies without having to undergo identity verification, thus maintaining complete anonymity.
This way users can store their KAU, KAG and other cryptocurrencies on external wallets supporting the following token standards, such as Ethereum (ERC-20) and Stellar.
What are the restrictions of using the stand-alone wallet?
The online Kinesis Wallet can only hold KAU and KAG - not KVTs, or any other cryptocurrency.
Users can store their KAU, KAG and other cryptocurrencies on various external wallets that support ERC-20 tokens on the Ethereum network.
Kinesis Velocity Tokens (KVT) can only be stored on an external Stellar-based wallet such as CoolWallet, Lobstr, Solar Wallet or StellarTerm.
Note that users who store their Kinesis currencies in unlinked standalone wallets are not eligible for Kinesis yields. To become eligible for yields, users must link their wallet to their Kinesis account and complete verification.