What is Injective Wallet? How to use Injective Wallets
What is Injective Wallet?
An Injective wallet is where INJ tokens are stored on this blockchain. With the wallet, you can send and receive INJ, as well as make any transaction on this blockchain. The wallet is owned by its user and no other party has access to it.
Injective is a PoS blockchain in the Cosmos SDK built for finance applications, allowing the network to communicate with other blockchains within the ecosystem. Injective aims at becoming a network that helps applications focus on providing the best user experience, while enhancing blockchains’ cross-chain ability.
Coin98 currently supports creating and restoring Injective wallets to interact with this network. Follow our guidelines below for more details.
What does an Injective wallet include?
An Injective wallet has 3 crucial information you must note down:
- Wallet address: A sequence of numbers and characters used to send & receive assets to the Injective wallet. Users can transfer coins to each other through the wallet address. Example of an Injective wallet address: inj1quyul2xyhc2vwksdyv9z6uq9j9rt6fjtugqzdj
- Passphrase: A security key, or a type of password consisting of 12 random English keywords. You must have the wallets’ Passphrases to restore them. Example of a Passphrase: repeat test ridge tilt maze federal width gospel usage clutch tuition endless.
- Private Key: A string of letters and numbers, similar to a bank account's password. Example of a Private Key: c025d058fb1763d970c9c28ea18eec9804e86a3f845b992d40257ad620d0d619
After creating a wallet, you will receive its wallet address, passphrase and private key similar to the examples above.
To visualize, you can imagine that the Injective 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 Injective wallet, users become anonymous, no one knows who owns the wallet, and transactions only occur through the address encoded into a sequence of numbers and characters.
How to create an Injective Wallet on Mobile devices
The Injective wallet is now only available on the Coin98 Super App for mobile devices. The Extension version will be updated in the near future.
Install the Coin98 Super App
The Coin98 Super App is available for both iOS and Android users.
After downloading the app, open the Coin98 Super App and select the language you want to use before directly accessing the wallet interface.
In the main interface, you can create a new wallet or restore an existing wallet from other wallets to the Coin98 Super App.
Activate the Injective blockchain
Step 1: Open the application, and click More → Active Blockchain.
Step 2: Choose the Injective blockchain and click Confirm.
Create an Injective wallet
Step 1: Open the Coin98 Super App, then click Manage on the home screen.
Step 2: Click Add Wallet, then choose the Injective (INJ) icon, or the Multi-chain option to own wallets on different blockchains with only one Passphrase (recommended). Click Create.
Step 3: Name the wallet (something you can easily 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. Keep the key in a safe place and do not disclose it to anyone, otherwise, your account is at risk of being stolen.
- Tick the two remaining boxes to confirm that you understand the risks if you lose your Passphrase.
Click Create Wallet.
Once finished, you can go to Manage → Manage All Wallets to check the newly created Injective wallet.
How to create an Injective Wallet on Desktop
Install the Coin98 Extension Wallet
Go to chrome.coin98.com to install the Coin98 Extension Wallet.
The detailed instructions on installing and using the Coin98 Extension Wallet can be found in this article.
Create an Injective wallet
Updating…
How to use Injective wallets
Receive tokens
Receiving tokens is similar on the mobile and desktop versions, therefore, you can follow these steps for both.
Step 1: Click the Injective wallet on the home screen.
Step 2: Click Receive.
Step 3: Copy the wallet address or use the QR code, then send tokens to this address.
Send tokens
Sending tokens is similar on the mobile and desktop versions, therefore, you can follow these steps for both.
Step 1: Click the Injective wallet on the home screen.
Step 2: Click Send.
Step 3: Choose the token and insert the amount, as well as the recipient’s wallet address. Adjust the Gas slider as preferred, then slide the Send bar to confirm.
You can also click Send on the home screen, then choose the wallet that contains the token you want to send.
Note: The gas fee on the Injective blockchain is paid with INJ, nearly 0.01 INJ per transaction.
Injective Wallet Explorers for checking the transaction history
Injective Wallet Explorers are created specifically for the Injective blockchain, allowing users to retrieve information such as the wallet address, transactions, smart contracts, etc. from complex data. The most popular Injective Wallet Explorers include:
FAQ when using the Injective Wallet
Is it safe to store tokens in the Injective wallet?
Coin98 Wallet is a non-custodial wallet, meaning you have full control over your assets. No one can access your wallet except yourself, unless you disclose the passphrase/private key to others.
Is it possible to create multiple Injective wallets?
Absolutely! You can create as many Injective wallets as you like. Each wallet will have a different address and passphrase, so remember to back them all up. It is also recommended to name them accordingly for easy management.
Can Injective wallets store other coins?
Injective wallets can store INJ on the Injective blockchain platform. Otherwise, do not transfer coins from other blockchains into Injective wallets as you might lose your assets forever.
Learn more: What is Ronin Wallet? How to use Ronin Wallet