Simple Wallets
Setting up a Simple Wallet
A Simple Wallet is automatically generated within the platform when you sign up. The private key of this wallet is securely encrypted with Cloud HSMs and stored in our servers within our private network.
You should always take a backup of the Simple Wallets created on the platform by exporting the private key from the app and importing it into a wallet provider of your choice - for example MetaMask, Rabby Wallet, Phantom etc.
Even though we have rigorous security measures in place for protecting the Simple Wallet, you should be aware of all the risks associated with having the private key stored in any other platform. Thus, these types of wallets should not be considered self-custodial, and should be used for quick trades and sniping only.
You can create a Simple Wallet with only a single click on the app, as shown in the image below:
After you have created a Simple Wallet, an Ethereum and Solana address will be generated for you wallet.
You can use the associated Ethereum address to transfer funds (ETH or ERC20 tokens) on any supported chain, and you are ready to trade with that wallet.
You can use the associated Solana address to transfer funds (SOL or SPL tokens) on Solana, and you are ready to trade with that wallet.
You can manage the wallet by clicking on the Settings icon, which will show a dialog where you can rename the wallet, or export the private keys associated with that wallet and back those up into a wallet provider of your choice, like Metamask, Rabby, Phantom etc.
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