What is Huobi ECO Chain Wallet? Instructions for creating and using Huobi ECO Chain wallet (HT, HRC20)
Description of What is Huobi ECO Chain Wallet? Instructions for creating and using Huobi ECO Chain wallet (HT, HRC20)
Huobi ECO Chain wallet is a place to store HT and HRC20 standard tokens in the blockchain platform of Huobi ECO Chain.
In the blockchain race to not be left behind, projects are constantly changing and adapting. Huobi ECO Chain - the next candidate to color DeFi in the near term.
In today's article, I will show you how to create a detailed Huobi ECO Chain (HT, HRC20) wallet.
What is Huobi ECO Chain (HT, HRC20) Wallet?
Huobi ECO Chain or HECO for short launched on the mainnet in December 2020, it is an EVM compatible chain designed and built by the Huobi team. HECO allows application developers to use familiar development tools and maintain the same dev experience while working on Ethereum.
Huobi ECO Chain wallet is a place to store HT and HRC20 standard tokens in the blockchain platform of Huobi ECO Chain. You can send and receive HT and HRC20 standard tokens as well as interact with applications on the Huobi ECO Chain platform.
In particular, this wallet is owned by you, no one has the right to influence or use the wallet other than you.
Huobi ECO Chain wallet has 2 extremely important information you must note:
- Wallet address: Is a sequence of numbers and characters used to send assets to Huobi ECO Chain wallet. Others can transfer coins to you through the wallet address you provide. A Huobi ECO Chain wallet address (HT, HRC20) will have the following format: 0x48551ea2AA1DB4a6746d9A476144Bb8C4809cEE6
- Passphrase: A security key that can be understood as a password consisting of any 12 English keywords. If you want to perform the wallet recovery operation, you must go through the Passphrase login step. Format of a Passphrase: inherit stumble bronze scale weird document topic parade breeze toe truck swarm
- Private key: Is a string format to connect to the account, quite similar to the password of a bank account. Format of a Private Key: 0x7e7b8f70d25492fb38c557b4848eb3bf56cb3587d15214426cc4ccf6fc9b0704
For easy visualization, you can imagine that Huobi ECO Chain wallet is a bank account, the wallet address is the account number and the passphrase/ private key is the password.
The difference here is that with a bank account, other people will know your personal information. As for the Huobi ECO Chain wallet, you become anonymous, no one knows who, but only transacts through an address encoded into a sequence of numbers and characters.
Where to create Huobi ECO Chain wallet?
You can create a Huobi ECO Chain wallet through Coin98 Wallet .
Coin98 Wallet is a decentralized wallet (non-custodial & NFT Wallet) that not only supports Huobi ECO Chain platform but also many other platforms like Kucoin Chain, Polygon, Kusama, BSC, Ethereum, Near, Avalanche (C-Chain) & X-Chain), Polkadot, Cosmos, Terra, Fantom, Persistence, Bitcoin, TomoChain, Celo, Binance Chain, Tron, THORChain, OKExChain, BandChain, Kava, xDAI, Ronin, GateChain, Klaytn, KardiaChain, Optimism, Arbitrum on Ethereum , Arbitrum on xDai, Boba Network, …Because it is a decentralized wallet platform, users have complete control of assets, no one has access to your wallet, including developers. You can rest assured when storing HT and standard tokens here.
Instructions to create a Huobi ECO Chain wallet (HT, HRC20)
I will guide you how to register and create a wallet on both mobile and desktop interfaces, you can also install both to flexibly switch use.
Coin98 Mobile Wallet
Download and access the application
Before you start, you need to download the app or update the app to the latest version.
- iOS: http://ios.coin98.app
- Android: http://android.coin98.app
After downloading the app, you open the Coin98 Wallet application and select the language you want to use to be able to directly access the wallet interface.
At this interface, you can create a new wallet or restore an existing wallet from other wallet applications to Coin98 Wallet.
Instructions to create a Huobi ECO Chain wallet (HT, HRC20)
Step 1: Open the application, at the homepage click Manage.
Step 2: Select Add Wallet and click on the icon Huobi ECO Chain (HT, HRC20) to create a HECO Chain wallet or you can choose to create a Multi-chain wallet to own more other wallets with the same passphrase ( recommended) → Create (Create wallet)
Step 3: Name the wallet (name something that you can remember or convenient for later use). Select Next .
Step 4: Backup your Passphrase/Private Key in a safe place. (Note: This is extremely important information that directly affects your assets).
- You copy and paste the Passphrase/Private Key into the Confirm box .
- Tick the box Back up your recovery key and click on the copy icon to confirm that you have saved your Passphrase/Private Key. You must save 12 security keywords in a safe place and absolutely do not disclose it to anyone. Otherwise, your account is at risk of being stolen when someone knows these sequence of characters.
- Tick the remaining two boxes to confirm that you understand the risks if you lose your Passphrase/Private Key.
- Select Create Wallet .
Once done, you can also go to Manage → Manage All Wallets to check the newly created HECO Chain wallet.
Coin98 Extension Wallet
Installation Instructions
You visit chrome.coin98.com to install Coin98 Extension Wallet.
For instructions on installing and using Coin98 Extension Wallet, you can refer here .
Instructions for creating a HECO Chain wallet (HT, HRC20)
Step 1: Open Coin98 Extension Wallet, enter the password. At the main screen select Manage , click Add Wallet .
Step 2: Select the HECO Chain icon -> Create Wallet .
Step 3: Name the wallet (name something that you can remember or convenient for later use). Select Next .
Step 4: Backup your Passphrase/Private Key in a safe place. (Note: This is extremely important information that directly affects your assets).
- You copy and paste the Passphrase/Private Key into the Confirm box .
- Tick the box Back up your recovery key and click on the copy icon to confirm that you have saved your Passphrase/Private Key. You must save 12 security keywords in a safe place and absolutely do not disclose it to anyone. Otherwise, your account is at risk of being stolen when someone knows these sequence of characters.
- Tick the remaining two boxes to confirm that you understand the risks if you lose your Passphrase/Private Key.
- Select Create Wallet .
Instructions to receive HT and HRC20 tokens into Coin98 Wallet
This operation is similar on both the mobile and wallet versions, so you should refer to the ways below and follow.
Way 1
Step 1: Click on the HECO Chain wallet on the main screen.
Step 2: Select Receive .
Step 3: Copy the wallet address or use the QR code address.
Way 2
Step 1: Select Receive on the homepage.
Step 2: Enter HECO Chain in the search bar.
Step 3: Click on the icon to copy the wallet address or get the QR address.
You can send HT or HRC20 tokens to the address copied in step 3.
Instructions to transfer HT, HRC20 tokens from Coin98 Wallet
This operation does the same for both Coin98 Mobile Wallet and Coin98 Extension Wallet. Here, I will give an example of how to receive HT stored in a mobile wallet.
Method 1:
Step 1: Click on the HECO Chain wallet.
Step 2: Select Send .
Step 3: Select the token and enter the number of tokens you want to send & the wallet address to send to. Adjust the Gas fee slider to suit your needs. → Slide the Send bar to confirm sending.
Method 2:
Step 1: Select Send on the homepage.
Step 2: Enter HECO Chain in the search bar.
Step 3: Select the token and enter the number of tokens you want to send & the wallet address to send to. Adjust the Gas fee slider to suit your needs. → Slide the Send bar to confirm sending.
Send HT or HRC20 tokens to the address you copied above
Instructions for trading HT or HRC20 tokens
Currently, you can easily connect the created HECO Chain wallet and swap HT or HRC20 tokens directly on Coin98 Mobile Wallet or connect Coin98 Extension Wallet to trade through Coin98 Exchange.
Trade SOL or SPL tokens on Coin98 Mobile Wallet
Coin98 Exchange is a brand new DEX on HECO Chain that has now been natively integrated on Coin98 Wallet with the aim of helping users "breathe" when allowing trading of assets on this ecosystem with low transaction fees as well as low fees. Fast processing speed.
Step 1: At the main screen of Coin98 Wallet, select Swap .
Step 2: Select Coin98 Exchange .
Continue, you need to fill in some information to make a transaction:
- Select the wallet containing the token/coin that you want to trade.
- Select the Token you want to trade from the list: this example will illustrate the trading pair HT and HUSD. If you want to Swap other tokens, you just need to choose the corresponding Tokens.
- For new tokens that have not been listed on Coin98 Mobile Wallet, you can paste the Contract and trade as usual.
Step 3: Adjust the number of brothers you want to trade. Review the swap information in the Review Order section . Select Approve (Browse transaction if you are swapping for the first time) → Swap to complete.
Detailed instructions for trading HT and HRC20 tokens at Coin98 Exchange on Coin98 Mobile Wallet, you can see here .
Connect Coin98 Extension Wallet to trade HT/ HRC20 tokens on Coin98 Exchange
Step 1: Go to Coin98 Exchange: exchange.coin98.com .
Step 2: To select AMM, click on one of the two locations that I highlighted in the image.
Select Coin98 Exchange .
Step 3: Select the token you want to trade in the token search bar and enter the amount you want to swap.
Step 4: Adjust the drag bar or enter the number of tokens you want to trade. Select Approve (if you're swapping for the first time) → select Swap .
Step 5: Click Confirm to confirm that you agree with the fee and want to make this transaction.
Instructions to access HECO Chain DApp via dApp Browser on Coin98 Mobile Wallet
Multi-chain DApp Browser on Coin98 Wallet is a tool for users to experience multichain decentralized applications in a simple, seamless, fast, and secure way.
Coin98 Wallet is the market's first DApp-enabled mobile wallet built on the HECO Chain blockchain. Coin98 Multi-chain DApp Browser is supporting many HECO Chain DApps, belonging to many subgroups.
- Exchanges: MDEX, DODO, OpenOcean, Turtle Finance, WOWswap.
- Finance: Demeter, Depth.Fi, LendHub, Structure Finance.
- Launchpad: Westarter
- Farm and Stake: Beefy.Finance, ButterSwap, Autofarm, Belt Finance.
- Cross-chain bridge: AnySwap, cBridge, Allbridge, iSwap, oPortal.
Besides, Coin98 Wallet also focuses on optimizing the user experience by arranging the DApps by the most intuitive and logical categories.
Currently, users can search and access their favorite DApps on the HECO Chain ecosystem by following these steps:
Step 1: At the main screen of Coin98 Mobile Wallet, select Browser .
Step 2: In the Dapp Browser interface, choose your favorite HECO Chain Dapp by the following ways:
- Method 1: Enter the name/URL of the DApp you want to connect directly in the search bar.
- Method 2: On the blockchain navigation bar, click on the HECO Chain logo, the HECO Chain dApps that Coin98 Wallet currently supports will be displayed below according to the DeFi service that the DApp provides. You just need to click on the DApp logo.
Some notes when using HECO Chain wallet
Is it safe to store HT and HRC20 standard tokens on HECO Chain wallet?
Coin98 Wallet is a non-custodial wallet, ie full control of assets belongs to you, no one has access to your wallet except you unless the key is disclosed to others.
Is there a fee to send HT, HRC20 tokens and transfer HT, HRC20 tokens?
Sending HT and HRC20 tokens from the HECO Chain wallet will cost the blockchain platform fee in HT to confirm the transaction.
Is it possible to create multiple HECO Chain wallets?
Sure! You can create as many HECO Chain wallets as you like, each wallet will have a different address and passphrase, so remember to save it. What name should be given so that you can easily manage if you create many HECO Chain wallets.
Can HECO Chain wallet store other coins?
The HECO Chain wallet can store HT and HRC20 tokens supported by the HECO Chain blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to the HECO Chain wallet if you do not want to lose your assets unfortunately.
Advantages of restoring HECO Chain wallet on Coin98 Wallet
Coin98 Wallet is the market's first DApp-enabled mobile wallet built on the HECO Chain blockchain.
In addition, the HECO Chain (HT HRC20) wallet on Coin98 Wallet is also full of features to meet your usage needs, especially when you need a "skin-in-the-game".
summary
With the fast development of the crypto market, you can see potential DeFi projects appearing on HECO Chain, there is definitely a need for you to use HECO Chain wallets (HT, HRC20) to skin-in- the-game is huge. Hope this article has helped you to easily create and use HECO Chain wallet on Coin98 Wallet.
