Creating and Funding Your OKX Wallet: A Step-by-Step Guide for Bitcoin and Crypto Wallets

Creating and Funding Your OKX Wallet: A Step-by-Step Guide for Bitcoin and Crypto Wallets

- [Narrator] Your OKX wallet is your portal to Web3. And creating and funding it, well, it couldn't be easier. Okay, so from the OKX app home screen, tap Wallet. Then tap Create a wallet. Enter and confirm confirm your new wallet's password. It's really important to back up your walletBy writing its seed phrase down before you send crypto to it. The seed phrase is like your wallet's master password. Anyone who knows it can spend your crypto. Next tap Back up now. Then tap the grey box to reveal your seed phrase. Carefully write down all 12 words with a pen and paperAnd keep the backup somewhere very safe. If you happen to lose access to your phone then your seed phrase is all you need to restore your wallet. Without it you won't be able to recover your crypto. So make sure you remember where you store it. Now then, let's send your wallet some cryptocurrency.First, tap Receive and select the token you want to receive. It's very important that you select the correct cryptocurrency because mistakes can lead to permanent loss of funds. Next, scan the QR code with the wallet you're sending your crypto from. If you're receiving funds sent from a computer or another person,Copy and paste the address into the sending wallet or send it to your contact. Check that the copied address perfectly matches the one OKX wallet provides and then press Send in the sending wallet. Just so you know, some crypto networks do take a little bit longer to send funds than others.But the unconfirmed transaction should appear within just a couple of minutes. From the OKX wallet home screen, tap the crypto being received to check the transactions progress. Then tap the transaction below the Send and Receive buttons. When the status at the top changes to Completed, you've successfully received crypto in your wallet.Great stuff. Now, with a funded OKX wallet you're ready to explore Web3. You can swap your crypto for other coins and tokens by tapping Trade at the bottom, buy, sell, and create NFTs on the NFT market. Or you can venture further into decentralized finance by tapping Daps. Game on.

Read More
Please wait...
User Balance 295 / coins
Crypto Newbie

User Badges

Media

Top