What is Function X Wallet? How to create Function X Wallet

Function X comprises a core blockchain, cross-chain protocol, and platform for decentralized applications. The native token FX can be used to pay for services such as smart contract creation, data storage, vote for network upgrades and for staking on the network.

To be able to skin in this blockchain, of course, you will need a Function X Wallet. In today's article, I will show you the details on how to create a Function X Wallet.

What is Function X Wallet?

Function X wallet is where FX and FXRC20 standard tokens are stored on the Function X blockchain. You can send and receive FX tokens as well as interact with applications on the Function X platform.

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 Function X Wallet address?

A Function X 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 Function X wallet. Others can transfer coins to you through the wallet address you provide. A Function X (FX) wallet address will have the following format: fx1ttz5xkfa9tqf8543pc8qk5gfknqfjen0wvlts9.
• 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: entire annual slow album wisdom snow slice reject pony flower middle under.
• 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: a06ceae6161887013d00217ffd324e6b0843a2f34c19a743cbec65827cc58278

To visualize, you can imagine that the Function X 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 Function X 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.

Function X Wallet Review

There are many wallets on the market that support creating the Function X blockchain. Let's take a look at some outstanding Function X 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 FX tokens here.

Learn more: What is Coin98 Super App?

F(x) Wallet

F(x) is a non-custodial wallet that supports multiple blockchains. Users can manage, transfer and stake their FX, PUNDIX or other tokens in the F(x) Wallet for passive income. Also, F(x) Wallet is building a bridge that supports converting tokens between ERC20 and FXRC20.

Download and create a Function X Wallet here: download.functionx.io

How to create a Function X Wallet on Mobile

This tutorial will guide you on how to create a new Function X 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

Function X wallet is now available on the Coin98 Super App for both iOS and Android users:  https://coin98.com/wallet

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

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 Function X wallet

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

Step 2: Click Add Wallet and tap the Function X (FX FXRC20) icon to create a Function X 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 Manage → Manage All Wallets to check the newly created Function X wallet. 

How to create a Function X Wallet on Desktop

Coin98 Extension Wallet installation instructions

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

For instructions on installing and using Coin98 Extension Wallet.

Create the Function X wallet

Update soon…

How to use Function X Wallet

Add FX tokens to the Function X Wallet

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

Step 1: Click the Function X 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.

Send FX 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 FX stored in the mobile wallet.

Step 1: Click the Function X 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 Function X wallet you want to send from.

Note:

• The gas fee for each transaction is paid with FX, approximately 0.8 FX.
• 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 Function X Wallet Explorer to check the transaction history

Function X Wallet Explorer is the Function X 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.

Function X Explorers that are commonly used by many users is explorer.functionx.io

Some notes when using the Function X wallet

Is it safe to store FX tokens in the Function X 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 FX tokens?

Sending FX tokens from a Function X Wallet will cost the blockchain platform fee in FX.  

Is it possible to create multiple Function X wallets?

Yes!  You can create as many Function X 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 Function X wallets. 

Can Function X wallets store other coins?

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

What is the best Function X wallet app?

For those who mainly interact with Function X or ERC-20 token, F(x) Wallet will be one of the options worth considering.

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

Summary

With the fast development of the crypto market, you will see a series of potential DeFi projects appearing on Function X. We hope the tutorial can help you to easily create and use the Function X (FX FXRC20) Wallet on Coin98.

If you have any questions regarding this tutorial, don't hesitate to leave a comment below! The Coin98 team will answer your questions as soon as possible!

See you in our future posts!

Learn more:  What is Aptos Wallet? How to use Aptos Wallet