What is BitTorrent Chain Wallet? BitTorrent Chain Wallet User Guide (2022)
Description of What is BitTorrent Chain Wallet? BitTorrent Chain Wallet User Guide (2022)
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BitTorrent Chain is a blockchain with high throughput and scalability through the use of Block Producer technology. Currently, BitTorrent Chain supports and is compatible with 3 blockchains, including: Ethereum, BNB Chain and Tron. Through BitTorrent Chain, users can transfer assets between decentralized chains simply and seamlessly.
And to interact with this network, of course you need a BitTorrent wallet. In today's article, I will show you how to create a BitTorrent wallet (BTT BRC20 BRC721) in detail.
What is a BitTorrent Wallet?
The BitTorrent wallet is a place to store BTT and standard tokens BRC20, BRC721 in the BitTorrent blockchain platform . Users can send and receive BTT and standard tokens BRC20, BRC721 as well as interact with applications on BitTorrent.
In particular, this wallet is owned by the user, no one has the right to influence or use the wallet.
What does a BitTorrent wallet address include?
The BitTorrent wallet has 3 extremely important pieces of information you must be aware of:
- Wallet Address: A string of numbers and characters used to send assets to the BitTorrent wallet. Other people can transfer coins to you through the wallet address provided. The BitTorrent (BTT) wallet address will have the following format: 0x4184CED912A14E6AD2Ad4F4Cb3026aC866153c4d
- 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: web town cat happy rubber apple minimum cake daughter dynamic trial female
- Private Key: Private Key is a character string format to connect to an account, quite similar to the password of a bank account. The format of the Private Key is as follows: 0x6128e76b3690edfefc24c34a1236b7cd6fd9fcac956fa5b12bac1a10dc76ab56
After creating the wallet, you will receive the wallet address, passphrase and private key similar to the example above.
For ease of visualization, you can imagine a BitTorrent 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 BitTorrent 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 a BitTorrent wallet?
There are many e-wallets on the market that support EVM blockchains and BitTorrent is one of them. The following are some of the prominent BitTorrent wallets on the market.
Coin98 Super App
Coin98 Super App includes Coin98 Wallet - a non-custodial crypto wallet (non-custodial wallet ) used to store crypto assets, NFT on multi-chain, including BitTorrent ecosystem.
After initializing BitTorrent wallet on Coin98 wallet, users will experience all outstanding features on Coin98 Super App such as Dapp Browser, Terminal toolkit, Coin98 Staking...
MetaMask
MetaMask is one of the famous wallets in the crypto world when it is widely available across DApps and has an overwhelming number of users compared to other e-wallets on the market.
Metamask, in addition to supporting Ethereum, can also connect to EVM blockchain wallets and BitTorrent is one of them. Coming to MetaMask, you will no longer have to worry about whether the DApp integrates the wallet you use, when most DApps have added a fox to their support list.
See also: Instructions for creating a Metamask wallet
Instructions to create a BitTorrent wallet on mobile
Currently, the new BitTorrent 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: https://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 BitTorrent wallet
Step 1: Open the application, at the homepage click Manage.
Step 2: Select Add Wallet and click on the BitTorrent icon (BTT BRC20 BRC721) to create a BitTorrent 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 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 BitTorrent wallet.
Instructions to create a BitTorrent wallet on Desktop
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 to create a BitTorrent wallet
Update soon.
BitTorrent Wallet User Guide
Get tokens
This operation does the same on both mobile and wallet versions, so you should refer to the ways below and follow them.
Way 1
Step 1: Click on the BitTorrent 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 the BTT or BRC20 token you want to receive in the search bar.
Step 3: Click the icon to copy the wallet address or get the QR 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 BTT stored in a mobile wallet.
Step 1: Click on BitTorrent 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 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 BitTorrent blockchain is calculated in BTT, you will lose very small amount of BTT per transaction.
BitTorrent Wallet Explorer needs to know to check transaction history
BitTorrent Wallet Explorer is a BitTorrent-specific explorer ( block explorer ) that allows users to retrieve information such as wallet addresses, cryptocurrency transactions, smart contracts, etc. Complex data becomes easier to grasp than ever before.
Here are some popular BitTorrent explorers:
- scan.bt.io
- bttcscan.com
Some notes when using BitTorrent wallet
Is it safe to store BTT and standard tokens BRC20, CRC721 on BitTorrent wallet?
Coin98 is a non-custodial wallet, ie full control of your assets belongs to you, no one has access to your wallet except you unless you disclose the key to others.
Is there a fee to send BTT, BRC20 tokens and transfer BTT, BRC20 tokens?
Sending BTT and BRC20 tokens from the BitTorrent wallet will cost the blockchain platform fee in BTT to confirm the transaction.
Is it possible to create multiple BitTorrent wallets?
Sure! You can create as many BitTorrent wallets as you want, 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 BitTorrent wallets.
Can BitTorrent wallets store other coins?
The BitTorrent wallet can store BTT coins and tokens according to BRC20, BRC721 standards supported by the BitTorrent blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to BitTorrent wallet if you do not want to lose your assets unfortunately.
summary
Hope the article has helped you to easily create and use BitTorrent wallet on Coin98. If you have any questions, you can comment right below this article to receive support from the Hay Mod Game team.
