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What is Cronos Wallet? How to use a Cronos Wallet

What is Cronos Wallet? Where to create a Cronos Wallet? In today's article, I will show you the details on how to use a Cronos Wallet.
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linhha
6 min read
Published Jun 12 2022
Updated May 15 2024
how to use cronos wallet

What is the Cronos (CRO) Wallet?

The Cronos wallet is where CRO and CRC20, CRC721 standard tokens are stored on the Cronos blockchain. You can send and receive CRO tokens as well as interact with applications on the Cronos platform.

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

What is included in a Cronos Wallet address?

A Cronos Wallet has 3 extremely important pieces of information you must take note:

Wallet address: A sequence of numbers and characters used to send assets to the Cronos wallet. Others can transfer coins to you through the wallet address you provide. A Cronos (CRO) 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. If you want to perform the wallet recovery operation, you must go through the Passphrase login step. Format of a Passphrase: web erase horse you rubber potato maximum piece daughter dynamic trial male.
Private Key: A string of letters and numbers to connect to the account, quite similar to the password of a bank account. Format of a Private Key: 0x6128e76b3690edfefc94c47a0542b7cd6ff9fcac956fa5b12bdc1a10dc76ab55.

To visualize, you can imagine that the Cronos wallet is a bank account, the wallet address is the account number and the passphrase is the password.

The difference here is that with a bank account, other people will know your personal information. As for the Cronos 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.

Cronos Wallet Review

There are many wallets on the market that support creating the Cronos blockchain. Let's take a look at some outstanding Cronos wallets in the crypto world.

Coin98 Super App

Coin98 Super App is a well-known super app containing crypto services, and it is the gateway of DeFi & Web3. After installing the Coin98 Super App, you can experience many of its features such as Dapp Browser, Terminal toolkit, Coin98 Staking,...

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

MetaMask

MetaMask is a decentralized wallet based on the Ethereum ecosystem, as well as an add-on plugin that allows users to run DApps right on its browser. Metamask allows you to store CRO and interact with Cronos dApps.

Despite the disadvantages such as not being able to log in to many wallet addresses, as well as manually updating assets, MetaMask is still a trusted destination for many people around the world.

Create a MetaMask wallet here: How to use Metamask Wallet

Crypto.com DeFi Wallet

Crypto.com DeFi Wallet is Cronos’s official non-custodial wallet. Users can use Crypto.com DeFi Wallet to send, receive CRO, view transaction history, store more than 100 different coins and ERC20 tokens.

Create a Crypto.com DeFi wallet here: crypto.com/defi-wallet

How to create a Cronos Wallet on Mobile

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

Download and access the Coin98 Super App

Cronos wallet is now available on the Coin98 Super App for both iOS and Android users.

After downloading the app, open the Coin98 Super App application and select the language you want to use before directly accessing the wallet interface.

coin98 super app

At this interface, you can create a new wallet or restore an existing wallet from other wallet applications to the Coin98 Super App.

Create the Cronos wallet (CRO CRC20)

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

Step 2: Click Add Wallet and click on the Cronos (CRO CRC20 CRC721) icon to create a Cronos Wallet, or you can choose to create a Multi-chain wallet to own more wallets with just one 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: Back up the Passphrase in a safe place.

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

Copy and paste the Passphrase into the Confirmation box.
Tick ​​the Backup your recovery key box and click on the copy icon to confirm that you have saved your 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 if someone knows these sequences of characters.
Tick ​​the two remaining boxes to confirm that you understand the risks if you lose your Passphrase.

Click Create Wallet.

Once done, you can also go to ManageManage All Wallets to check the newly created Cronos wallet.

How to create a Cronos Wallet on Desktop

Install Coin98 Extension Wallet

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

coin98 extension wallet

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

Create the Cronos wallet (CRO CRC20)

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

Step 2: Select the Cronos iconCreate 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.

How to use the Cronos Wallet

Add tokens

Option 1

This process is similar on both the mobile version and the extension, so you can follow these steps for both.

Step 1: Click the Cronos wallet on the main screen.

Step 2: Click Receive.

Step 3: Copy the wallet address or use the QR code address and send your assets to this address.

cronos wallet address

Option 2

Step 1: Click the search icon on the main screen.

Step 2: Enter CRO, CRC20 token in the search bar.

Step 3: Click the icon to copy the wallet address or get the QR address and send your assets to this address.

You can send CRO, CRC20 tokens to the address copied in step 3.

Send tokens

This operation works the same on both the Coin98 Super App and the Coin98 Extension Wallet. I will give an example of how to send CRO stored in the mobile wallet.

Step 1: Click the Cronos wallet.

Step 2: Choose Send.

Step 3: Select the token, insert 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.

In addition, you can also go to the Send section in the main interface, select the Cronos wallet you want to send from.

send cro token

Note:

The gas fee for each transaction is paid with CRO, approximately 0.104 CRO.
The default gas fee on the Coin98 Super App has been set at the standard rate that offers the most optimized speed at a reasonable cost.

Use the Cronos Wallet Explorer to check the transaction history

Cronos Wallet Explorer is the Cronos ecosystem explorer, allowing access to information such as wallet addresses, cryptocurrency transactions, smart contracts, etc. Complex data is easier to grasp now than ever before.

cronos wallet explorer

Cronos Explorers that are commonly used by many users are:

Cronoscan: cronoscan.com

Some notes when using the Cronos wallet

Is it safe to store CRO tokens in the Cronos 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. Therefore, it is perfectly safe for your assets.

Is there a fee to transfer CRO tokens?

Sending CRO tokens from a Cronos Wallet will cost the blockchain platform fee in CRO.

Is it possible to create multiple Cronos wallets?

Yes!  You can create as many Cronos 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 Cronos wallets.

Can Cronos wallets store other coins?

Cronos wallets can store CRO tokens supported by the Cronos blockchain platform. Otherwise, do not transfer any coins on other blockchain platforms to Cronos wallet if you do not want to lose your assets.

What is the best Cronos wallet app?

For those who mainly interact with Cronos, the EVM blockchain wallet such as MetaMask will be one of the options worth considering.

For those who use a lot of blockchain platforms and Solana is among them, the Coin98 Super App is a great choice for you.

With the fast development of the crypto market, you will see a series of potential DeFi projects appearing on Cronos. We hope the tutorial can help you to easily create and use the Cronos (CRO CRC20 CRC721) Wallet on Coin98.