What is Boba Network wallet? How to use Boba Network wallet

Boba Network bring many benefits to users, the most typical is the expensive gas fee of Ethereum blockchain – Boba Network solves this problem with a much lower cost than Ethereum. Specifically, the transfer time from Boba to Ethereum compared to other Layer 2 blockchain has been shortened, this process usually takes from 45 minutes to 3 hours.

Recently, Boba Network is also a bridge that supports NFT so user can move, mint and sell NFTs between layer 2 and layer 1 even between different layer 2 easily.

To be able to get skin in the game with this blockchain, of course, you will need a Boba Network Wallet. What is a Boba Network wallet? Where to create a Boba Network Wallet? In today's article, I will show you the details on how to create Boba Network Wallet.

What is Boba Network wallet?

The Boba Network Wallet is where ETH (BOBA), ERC20 and ERC72 standard tokens are stored in the Boba Network blockchain. You can send and receive ETH (BOBA), ERC20 and ERC72 standard tokens as well as interact with applications on the Boba Network platform.

In particular, this wallet is owned by you, so no one has the right to influence or use the wallet other than you.

Boba Wallet has 3 extremely important pieces of information you must note:

• Wallet address: A sequence of numbers and characters used to send assets to the KardiaChain wallet. Others can transfer coins to you through the wallet address you provide. A Boba Network (ETH ERC20 ERC721)  wallet address will have the following format: 0x4B44Accac6Bb312aAe1Dae5898D89DDC45e657FE
• Passphrase: A security key that can be understood as a password consisting of any 12 English keywords. If you want to perform the wallet recovery operation, you must go through the Passphrase login step. Format of a Passphrase: wisdom rocket picture input recipe pave fortune taxi very celery fix will
• Private Key: This is a string format to connect to the account, quite similar to the password of a bank account. Format of a Private Key: 0x405e9f5da1b17cd237e088dd7709e7a0c5e3bd4fe39aaeeafe31848ad1f6ff2b.

To make it easier to visualize, you can imagine that the Boba Network Wallet is a bank account, the wallet address is the account number and the passphrase/private key is the password.

The difference here is that with a bank account, other people will know your personal information. As for the Boba Network Wallet, the user becomes anonymous, no one knows who owns the wallet, and transactions only occur through the address encoded into a sequence of numbers and characters.

Where to create a Boba Network Wallet?

You can create a Boba Network wallet through Coin98 Wallet.

Coin98 Wallet is a NFT & non-custodial wallet that not only supports the Boba Network platform but also many other platforms such as Ethereum, Polygon, Solana, Kusama, BSC, HECO Chain, Near, Avalanche (C-Chain & X-Chain), Polkadot, Cosmos, Terra, Fantom, Persistence, Bitcoin, TomoChain, Celo, Binance Chain, THORChain, BandChain, Kava, xDAI, GateChain, Klaytn, OKExChain, Ronin, KuCoin Chain, Optimism, Arbitrum on Ethereum, Arbitrum on xDai, KardianChain,...

Because it is a decentralized wallet platform, users are in complete control of assets, no one has access to your wallet including the developers. You can rest assured when storing ETH, ERC20 or ERC721 standard tokens here. 

How to create Boba Network Wallet on Mobile

This tutorial will guide you on how to create a new Boba Network wallet on both mobile and desktop interfaces, you can also install both to flexibly switch use.

Download and access Coin98 Mobile Wallet

Boba Networ Wallet is now available on the Coin98 Mobile Wallet for both iOS and Android users: Download Coin98 Super Wallet.

After downloading the app, you open the Coin98 Wallet application and select the language you want to use 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 Wallet.

Create the Boba Network Wallet

Step 1: Open the application, at the homepage click Manage.

Step 2: Click Add Wallet and click on the icon Boba Network (ETH ERC20 ERC721) to create a Boba Network wallet or you can choose to create a Multi-chain wallet to own more wallets with the same passphrase (recommended) → Create. 

Step 3: Create a name for the wallet (name it something that you can remember or is convenient for later use). Click Next. 

Step 4: Backup the Passphrase/ Private key in a safe place.

Note: These are VERY IMPORTANT information that directly affects control over your assets.

• Copy and paste the Passphrase/Private key into the Confirm box.
• Tick ​​the box Backup your recovery key and click on the copy icon to confirm that you have saved yo ur Passphrase/Private key. You must save the security key in a safe place and do not disclose it to anyone. Otherwise, your 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 Boba Network wallet. 

How to create a Boba Network wallet on Desktop

Install Coin98 Extension Wallet

You access chrome.coin98.com to install Coin98 Extension Wallet.

For instructions on installing and using Coin98 Extension Wallet, you can refer here.

Create the Boba Network Wallet

‌Step 1:  Open Coin98 Extension Wallet, insert password. At the main interface click Manage. Click Add Wallet.

Step 2: Select the Boba Network icon → Create Wallet.

Step 3: Create a name for the wallet (name it something that you can remember or is convenient for later use). Click Next.

Step 4: Backup the Passphrase/Private key in a safe place.

Select Create Wallet.

After that, you can also go to Manage → Manage All Wallets to check the newly created Boba Network Wallet.

How to receive ETH, ERC20 and ERC721 token into Coin98 Wallet

This operation is similar on both the mobile version and the extension, so you should refer to the ways below and follow.

Option 1

Step 1: Click on the Boba Network Wallet on the main screen.

Step 2: Click Receive.

Step 3: Copy the wallet address or use the QR code address.

Option 2

Step 1: Click Receive on the main screen.

Step 2: Enter ETH, ERC20 or ERC721 token in the search bar.

Step 3: Click the icon to copy the wallet address or get the QR address.

You can send ETH, ERC20 or ERC721 tokens to the address copied in step 3.

How to send ETH, ERC20 and ERC721 token from Coin98 Wallet

This operation works the same on both Coin98 Mobile Wallet and Coin98 Extension Wallet. Here, I will give an example of how to receive ETH (BOBA) stored in a mobile wallet.

Step 1: Click on Boba Network wallet.

Step 2: Choose 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 Boba Network wallet you want to send from.

Note: The gas fee for each transaction is paid with ETH, approximately 0.0012 ETH (BOBA). The default gas fee on Coin98 Wallet has been set at the standard rate that offers the most optimized speed at a reasonable cost.

How to use Cross-Chain Bridge with Boba Network

Currently,  you can connect dirrectly the created Boba Network wallet on Coin98 Mobile Wallet, then convert ETH (BOBA) to ETH (Ethereum) and vice versa.

Convert ETH on Coin98 Mobile Wallet 

Step 1: On Coin98 Wallet main interface, choose Swap.

Step 2: Select Cross-Chain Bridge to start trading. After that select the blockchain you want to convert.

Then you need to choose some information below:

• Select the wallet that holds the converting tokens and the receiving wallet on the corresponding blockchain. 
• Select the token you want to convert. We will take ETH for this example.

Step 3: Choose the converting amount by sliding the bar. Before swap, please kindly check information in Review Order section: 

• Deposit timeout: Estimated conversion time.
• Min/ Max amount: Min/Max number in this transaction.
• Gwei: Gas Price is calculated in Gwei. This is the gas fee you need for this transaction. You can adjust gwei by sliding the bar to the desired gas fee level. The default gas fee on Coin98 Wallet is set at the standard rate for the fastest speed at the most reasonable cost.

Kindly check the information before confirm this transaction. Choose Convert to confirm and click Done.

About BOBA token

BOBA is ERC20 token, which used for decentralized governance of Boba Network or can also be used for  community initiatives and direction for the network’s future voting in Boba DAO.

Currently, there is no BOBA circulating in the market, so you cannot buy BOBA on Coin98 Exchange or anywhere else. But you can stake on Boba Network will receive a portion of the transaction fees earned by the network through an on-chain distribution governed by the community. 

Some notes when using Boba Network Wallet

Is it safe to store ETH, ERC20, ERC72 standard tokens on Boba Network Wallet?

Coin98 Wallet is a non-custodial wallet, that is, full control of assets belongs to you, no one has access unless you disclose the key to others.

Is there a fee to send ETH, ERC20, ERC721 tokens and transfer ETH, ERC20, ERC721 token?

Sending ETH, ERC20 and ERC721 token from Boba Network will cost the blockchain platform fee in ETH (BOBA) to confirm the transaction. But the transaction fees on Boba Network is much cheaper than Ethereum.

Is it possible to create multiple Boba Network wallets?

Yes!  You can create as many Boba Network  wallets as you want, each wallet will have a different address and passphrase, so remember to save each of them. Each wallet should be named so that you can easily manage them if you create multiple Boba Network wallets. 

Can Boba Network Wallet store other coins?

Boba Network Wallet can store ETH, ERC20 and ERC721 standard tokens supported by the Boba Network blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to Boba Network Wallet if you do not want to lose your assets.

Read more: How to convert ETH from Ethereum to Boba Network.

Summary

With the fast development of the crypto market, you will see a series of potential DeFi projects appearing on Boba Network. Hope the tutorial can help you to easily create and use Boba Network (ETH ERC20 ERC721) on Coin98 Wallet.

If you have any questions about the above steps, don't hesitate to leave a comment at the end of this tutorial! The Coin98 team will answer your questions as soon as possible!

See you in our future posts!