Link to download TokenPocket: https://www.tokenpocket.pro/en/download/app
Cryptocurrency wallets play a crucial role in the world of digital currencies by providing users with a secure and convenient way to store, manage, and transact their crypto assets.
Here are some common uses for crypto wallets:
1. **Storing Cryptocurrencies:**
– The primary purpose of a crypto wallet is to securely store various cryptocurrencies, such as Bitcoin, Ethereum, and others. Wallets can hold both private and public keys necessary for accessing and managing your digital assets.
2. **Sending and Receiving Transactions:**
– Crypto wallets enable users to send and receive digital currency transactions. Users can transfer funds to other wallet addresses on the same blockchain, facilitating peer-to-peer transactions globally.
3. **Investment and Trading:**
– Many users use crypto wallets as a means to invest in and trade cryptocurrencies. Wallets can be linked to cryptocurrency exchanges, making it easier to buy and sell digital assets.
4. **Security and Ownership:**
– By storing private keys in a wallet, users maintain control and ownership of their cryptocurrencies. This gives users the ability to secure their funds and protect them from potential hacks or unauthorized access.
5. **Token Storage:**
– In addition to major cryptocurrencies, wallets can also store various tokens issued on blockchain platforms like Ethereum. These tokens represent a variety of assets, including utility tokens, security tokens, and non-fungible tokens (NFTs).
6. **Smart Contracts:**
– Some wallets support smart contracts, enabling users to interact with decentralized applications (DApps) on blockchain platforms like Ethereum. Users can execute programmable contracts and perform various actions within the blockchain ecosystem.
7. **Offline Storage (Cold Wallets):**
– Hardware wallets or paper wallets provide a secure way to store cryptocurrencies offline, minimizing the risk of online hacking. These cold wallets are considered safer for long-term storage of large amounts of crypto.
8. **Cross-Border Transactions:**
– Cryptocurrencies facilitate borderless transactions, making it easier for users to send and receive funds across international borders without the need for traditional banking systems.
9. **Privacy and Anonymity:**
– Certain privacy-focused cryptocurrencies and wallets prioritize anonymity and confidentiality, allowing users to transact without revealing their identities.
10. **Remittances:**
– Cryptocurrencies can be used for remittances, providing a faster and potentially cheaper alternative to traditional money transfer services, especially for cross-border transactions.
11. **Micropayments:**
– Cryptocurrencies enable micropayments, allowing users to send or receive very small amounts of value. This can be useful in scenarios like content monetization or online services.
It’s important to choose a wallet that aligns with your specific needs, whether you prioritize security, convenience, or specific features like smart contract functionality. Additionally, understanding the differences between hot wallets (connected to the internet) and cold wallets (offline) is crucial for managing risk and security.
Today we’re going to be going over token pocket which is a decentralized wallet that we can use to load multiple networks in a wallet so the app actually looks like this over here it has a TP um in the logo and then of course it’s it’s called token pocket and so
This is the first screen you’re going to come to once you open the wallet you either have an account in this case you would import a wallet so if you already have wallet that you want to just move to this to this particular uh app you hit
You can hit I have a wallet and then it’s going to take you to this screen here you’re going to pick either multisig wallet HD wallet multisig wallet is if you wanted to combine multiple wallets that you have um HD wallet is just a new wallet and then uh keypad Hardware wallet I’m
Not actually sure what that is because I don’t I’ve never used it before but after you pick one of these or what you do is come down here and just pick one network say you have a Bitcoin wallet you can click Bitcoin or if you have a Tron wallet you
Can click Tron we’re going to go with the Tron wallet because that’s the wallet that we’re actually focusing on for the platform that we’re going to be doing but you want to click on Tron wallet and then you’ll enter your recovery phrase which would be your 12 words or your private
Key in this case I’m not going to be uploading a or importing a wallet today I’m going to be creating a new wallet so I’m going to go back and I’m going to go back and we’re going to say no account so right now this wallet is a fresh not new wallet
I’m going to click no accounts and then it’s going to give me that same screen but you’re going to pick the network that you want you click on Tron and then you hit create wallet and then you can name this wallet whatever you want so in this instance it’s going to be
Test one and so you’ll set a password for this wallet also we um the password for your wallets can change with each time that you import them so if you have the 12 words you don’t have to worry about needing that same password for the previous wallet if you were to move the
Wallet because it’s going to ask you to create a new password every time um you can do a hint if you want but make sure you click on I have read the carefully I have read carefully and agree with the user agreement and so you can just click this button here and
It’ll pull a user agreement up for you you click on that and then you hit create wallet and see see it won’t let me create that wallet because it says my password is too weak so I need to add some things to my password create wallet and so now it’s
Going to tell you give you a video here to show you how and what to do in this wallet how to make sure that you um are remaining safe for the actual wallet you click understood and then one of the steps to secret uh recovery phase so this is going to
Be like a little mini quiz to make sure that you actually watch the video so if if you’re new to this watch that video that I just skipped over and then make sure you can answer the questions and so on the next step you will be you will get a secret f phrase
12 words before that please read the following security tips so if I lose my security secret phrase recovery phrase my assets will be gone that is true if I share my secret recovery phrase to others my assets will be stolen that is also true it is my responsibility to
Keep the secret recovery phrase safe that is true and so after you click all three of those you can hit generate pneumonic and it’s going to give you your 12 words and so what you can do is you tap this and it’s going to give
You all the words here of course this is a test wallet so I won’t be using this wallet for receiving crypto so regardless of anybody pulling this wallet up or having these 12 words it won’t be anything on the wallet CU I’m going to delete it after the fact and
So uh I’m going to hit right here complete it back up verify it now and so in order for you to actually go to the next step it’s going to make sure that you remember these 12 words and so um what you want to do is either I would
Suggest getting you a book that you can write these words down with and so you’ll never lose them um and put them in a safe place and make sure that you actually have them another way to do this is to show a QR code and you click on this
And take a screenshot of this and print it and then you can you can delete the screenshot after after the fact but that’s just another way to save your word so you can just screenshot it and up import your wallet to a different app and so we hit complete and then it’s
Going to ask you to put the words in order that you saw on the first screen here I don’t recommend taking any screenshots and saving them to your computer because if somebody gets into your computer they can find those words and they can upload your wallet and be able to withdraw from your
Wallet and you wouldn’t even know that they they have the have your words until they start taking money out after you put the words in you can hit complete and it’s going to pull up your wallet here so once you get your wallet here you’ll see your of course you’ll see the wallet
That you just did right and so you can have multiple TR wallets or you can go in here and you can add more wallets so you can go in here and add a Bitcoin wallet and then you hit create wallet or import that wallet and the same thing
Make sure you write down the 12 words for that particular wallet and it’s going to show up in your if you click on this here it’s going to show up in this area so wallet list so you can have multiple Tron wallets in here if you want another Tron wallet you just hit
The plus button here and create wallet and it’s going to add another wallet to your uh app and so with this app that’s pretty much it um you can do a lot of things with this app you could send receive buy and do swaps in this app alone uh to add
More Assets in here you would just go in here and then you can click the plus button and add a few different um tokens to your to your home your homepage and so now you can see the TRX and the usdt that’s pretty much it for this app
If you have any questions please reach out to me put a a comment down below and I’ll get back to you as soon as possible make sure you like And subscribe to the channel I appreciate you watching and you have a great day
