What is KardiaChain Wallet? How to use KardiaChain Wallet

KardiaChain is a high-quality, made-in-Vietnam product allowing cross-chain communications between public or private blockchains regardless of their protocols. KardiaChain can offer users such as fast, efficient, scalable & secure transactions.

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

What is the KardiaChain Wallet?

The KardiaChain Wallet is where KAI, KRC20 standard tokens are stored in the KardiaChain blockchain platform. KAI is the native token of KardiaChain. You can send and receive KAI, KRC20 standard tokens as well as interact with applications on the KardiaChain platform.

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

KardiaChain 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 KardiaChain wallet address (KAI KRC20) will have the following format: 0x7874e7Ba5D2544b68e2E762618F0814efFcF52e6
• 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: lecture estate tube tunnel decade tone flash army pink nice net trap.
• 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: 0x92809e503544bb8954a666e87ce929504e474a1f24becde70a7d17ac1c7094d4.

To make it easier to visualize, you can imagine that the KardiaChain 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 KardiaChain 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 KardiaChain Wallet?

You can create a KardiaChain wallet through Coin98 Wallet.

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

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 KAI, KRC20 standard tokens here.

How to create a KardiaChain Wallet (KAI, KRC20)

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

Coin98 Mobile Wallet

Download and access the app

Coin98 Mobile Wallet currently supports users to store, send and receive KAI, KRC20 token standards.

KardiaChain Wallet is now available on the Coin98 Mobile Wallet for both iOS and Android users.

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 KardiaChain Wallet (KAI, KRC20)

Step1: Open the application, at the homepage click Manage.

Step 2: Click Add Wallet and click on the icon KardiaChain (KAI, KRC20) to create a KardiaChain 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 KardiaChain wallet.

Coin98 Extension Wallet

Installation instructions

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 KardiaChain Wallet (KAI, KRC20)

Step1: Open Coin98 Extension Wallet, enter password. At the homepage click Manage. Click Add Wallet.

Step 2: Select the KardiaChain Wallet 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.

Once done, you can also go to Manage → Manage All Wallets to check the newly created KardiaChain Wallet.

How to receive KAI, KRC20 tokens 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 KardiaChain 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 KAI or KRC20 tokens' names in the search bar.

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

You can send KAI, KRC20 tokens to the address copied in step 3.

How to send KAI, KRC20 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 KAI stored in a mobile wallet.

Step 1: Click on the KardiaChain wallet.

Step 2: Choose Send.

Step 3: Select the token and enter the amount 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 KAI wallet you want to send from.

Note:

• The gas fee for each transaction is paid with KAI, approximately 0.000126 KAI
• The default gas fee on Coin98 Wallet has been set at the standard rate that offers the most optimized speed at a reasonable cost.

Some notes when using KardiaChain Wallet

Is it safe to store KAI, KRC 20 standard tokens on KardiaChain 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 KAI/ KRC20 tokens and transfer KAI/ KRC20 tokens?

Sending KAI, KRC20 tokens from the KardiaChain Wallet will cost the blockchain platform fee in KAI to confirm the transaction. But the transaction fees on KardiaChain are very cheap and nearly insignificant.

Is it possible to create multiple KardiaChain wallets?

Of course! You can create as many KardiaChain 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 KardiaChain wallets.

Can KardiaChain Wallet store other coins?

KardiaChain Wallet can store KAI, KRC20 standard tokens supported by the Ethereum blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to KardiaChain Wallet if you do not want to lose your assets.

Summary

With the fast development of the crypto market, you will see a series of potential DeFi projects appearing on KardiaChain. Hope the tutorial can help you to easily create and use the KardiaChain Wallet 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!

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