What is Moonbeam Wallet? Moonbeam Wallet User Guide (2022)
Description of What is Moonbeam Wallet? Moonbeam Wallet User Guide (2022)
Moonbeam is a parachain on the Polkadot network and is compatible with the EVM blockchain. Because it is compatible with EVM blockchain, when users deploy smart contracts into Polkadot, there will be no need to change or rewrite. In addition, Moonbeam also supports familiar programming languages such as Solidity or Vyper… And to interact with this network, of course you need a Moonbeam wallet.
What is Moonbeam Wallet (GLMR MERC20 MERC721)?
Moonbeam Wallet is the place to store GLMR tokens and MERC20 standard tokens in this blockchain platform. Users can send and receive GLMR and standard tokens MERC20, MERC721 as well as interact with applications on the Moonbeam platform.
In particular, this wallet is owned by the user, no one has the right to influence or use the wallet.
What does the Moonbeam wallet address include?
Moonbeam wallet has 3 extremely important information you must note:
- Wallet address: A sequence of numbers and characters used to send assets to Moonbeam wallet. Other people can transfer coins to you through the wallet address provided. The Moonbeam (GLMR) wallet address will have the following format: 0x920A856917dA5EFD8DC367B336CE787008C04Ef0.
- Passphrase: A security key that can be understood as a password consisting of any 12 English keywords. When you want to perform the wallet recovery operation, you must go through the Passphrase login step. The format of the Passphrase is as follows: heavy admit arena desert foil woman mix illness audit observe major claw.
- Private Key: Private Key is a character string format to connect to an account, quite similar to a bank account's password. The format of the Private Key is as follows: 0xac74c70820e60c94139e648b90c88c8a4d54718f0341c6f38528f87bcc3385db.
After creating the wallet, you will receive the wallet address, passphrase and private key similar to the example above.
For easy visualization, you can imagine Moonbeam wallet as a bank account, the wallet address as the account number and the passphrase or private key as the password.
The difference here is that with a bank account other people will know your personal information. As for the Moonbeam wallet, users become anonymous, no one knows who they are, but only transact through an address encoded into a sequence of numbers and characters.
Where to create Moonbeam wallet?
There are many e-wallets that support EVM blockchains on the market today, and Moonbeam is one of them. The following are some of the prominent Moonbeam wallets on the market.
Coin98 Super App
Coin98 Super App includes Coin98 Wallet - a non-custodial cryptocurrency wallet ( non-custodial wallet ) used to store crypto assets, NFT on multi-chain, including Moonbeam ecosystem.
After initializing Moonbeam wallet on Coin98 wallet, users will experience all outstanding features on Coin98 Super App such as Dapp Browser, Terminal toolkit, Coin98 Staking ...
AirGap
AirGap is one of the first wallet products to integrate Moonbeam. AirGap focuses on the security of non-custodial wallet users when it launches two products, AirGap Vault and AirGap Wallet. In particular, AirGap Vault is more special when allowing users to use it in an offline environment.
MetaMask
MetaMask is one of the famous wallets in the crypto world, famous for its wide popularity among DApps as well as an overwhelming number of users compared to other crypto wallets on the market.
Metamask, in addition to supporting Ethereum, can also connect to EVM blockchain wallets and Moonbeam is one of them. Coming to MetaMask, users no longer have to worry about whether the DApp has integrated the wallet they use, when most DApps have added advertisers to their support list.
See also: Instructions for using MetaMask . wallet
Instructions to create Moonbeam wallet on Mobile
Currently, the new Moonbeam wallet is available on Coin98 Super App version. The extension version will be updated in the future.
Download and access Coin98 Super App
First, download the Coin98 Super App to your device.
- iOS: http://ios.coin98.com
- Android: https://android.coin98.com
After downloading the app, you open the Coin98 Super App 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 Super App.
Instructions to create a Moonbeam wallet
Step 1: Open the application, at the homepage click Manage.
Step 2: Select Add Wallet and click on Moonbeam icon (GLMR MERC20 MERC721) to create a Moonbeam wallet or users can choose to create a Multi-chain wallet to own more wallets with the same passphrase (recommended) → Create
Step 3: Give the wallet a name (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).
- 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 the Passphrase/ Private Key has been saved. You must save 12 security keywords in a safe place and absolutely do not disclose to anyone. Otherwise, the account is at risk of being stolen when someone knows these sequences 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 Moonbeam wallet.
Instructions to create Moonbeam wallet on Desktop
Install Coin98 Extension Wallet
You visit chrome.coin98.com to install Coin98 Extension Wallet.
For instructions on installing and using Coin98 Extension Wallet, you can refer here .
Instructions to create a Moonbeam wallet
Update soon.
Moonbeam Wallet User Guide
Get GLMR and MERC20, MERC721 tokens
This operation does the same on both mobile and wallet versions, so you should refer to the ways below and follow them.
Step 1: Click on the Moonbeam wallet on the main screen.
Step 2: Select Receive.
Step 3: Copy the wallet address or use the QR code address.
Token transfer
This operation does the same for both Coin98 Super App and Coin98 Extension Wallet. Here, I will give an example of how to receive GLMR stored in a mobile wallet.
Step 1: Click on Moonbeam 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.
In addition, you can also go to the Send section in the main interface, select the wallet containing the token you want to send.
Note: Gas fee on Moonbeam blockchain is calculated in GLMR, you will lose very small amount about 0.0021 GLMR per transaction.
Moonbeam Wallet Explorer needs to know to check transaction history
Moonbeam Wallet Explorer is the explorer ( block explorer ) dedicated to Moonbeam, helping users to retrieve information such as wallet address, cryptocurrency transactions, smart contract (smart contract), ... from Complex data becomes easier to grasp than ever before.
Currently, the most popular Moonbeam explorer is: moonscan.io
Some notes when using Moonbeam wallet
Is it safe to store tokens on Moonbeam wallet?
Coin98 Wallet is a non-custodial wallet, which means full control of your assets, no one has access to your wallet except you unless you disclose the key to others.
Is there a fee to send and transfer tokens?
Sending GLMR, MERC20 and MERC721 tokens from Moonbeam wallet will cost the blockchain platform fee calculated in GLMR to confirm the transaction.
Is it possible to create multiple Moonbeam wallets?
Sure! You can create as many Moonbeam wallets as you like, each wallet will have a different address and passphrase, so remember to save it. What should be named so that you can easily manage if you create multiple Moonbeam wallets.
Can Moonbeam Wallet store other coins?
Moonbeam wallet can store GLMR coins and tokens according to MERC20, MERC721 standards supported by Moonbeam blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to Moonbeam wallet if you do not want to lose your assets unfortunately.
summary
Hope the article has helped you to easily create and use Moonbeam wallet on Coin98. If you have any questions, you can comment right below this article to receive support from the Hay Mod Game team.
👇
