Cryptocurrency Wallet Guide
Understanding your wallet options and how they enhance your trading experience on the Blanket platform
What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a digital tool that allows you to store, send, and receive digital currencies. Unlike traditional wallets, crypto wallets don't actually store your crypto — they store the private keys that give you access to your crypto assets on the blockchain.
On Blanket, you can connect multiple wallets simultaneously to diversify your trading options and manage different types of digital assets across various blockchain networks.
Popular Wallets Supported by Blanket
MetaMask
The most popular Ethereum wallet with over 30 million users. MetaMask provides an extension for browsers and a mobile app.
Browser extension and mobile app
Ethereum and EVM-compatible chains
Built-in swap feature
Coinbase Wallet
A user-friendly wallet by Coinbase that lets you control your own private keys and supports multiple blockchains.
Easy connection to Coinbase exchange
Multi-chain support
WalletLink protocol for dApp connections
Trust Wallet
A secure mobile wallet with built-in Web3 browser, supporting 40+ blockchains and thousands of tokens.
Native staking for multiple blockchains
NFT support
Mobile-focused with enhanced security
Phantom
A user-friendly crypto wallet built for Solana blockchain, now expanding to support Ethereum and other EVM chains.
Superior Solana ecosystem integration
Built-in NFT support
In-wallet staking
WalletConnect
An open protocol that lets you connect multiple wallets to dApps. This isn't a wallet itself, but rather a connection standard that many wallets support.
Compatible with 170+ wallets
Connect mobile wallets to desktop dApps via QR code
Multi-chain support across major blockchains
Benefits of Using Multiple Wallets
Diverse Asset Management
Different wallets specialize in different blockchains and token types. By connecting multiple wallets, you can access a wider range of cryptocurrencies and NFTs in one place.
Risk Distribution
Spreading your assets across multiple wallets reduces the risk associated with a single point of failure, enhancing your overall security posture.
Chain-Specific Features
Each wallet offers specialized features for specific blockchains. MetaMask excels with Ethereum, Phantom with Solana, etc. Using multiple wallets gives you access to the best tools for each chain.
Transaction Flexibility
Having multiple wallets allows you to choose the most cost-effective and efficient network for your transactions, helping you minimize fees and transaction times.
Frequently Asked Questions
How do I connect my wallet to Blanket?
Simply click on the "Connect Wallet" button in the top navigation bar, select your preferred wallet from the list of supported options, and follow the authentication prompts that appear in your wallet.
Are my private keys safe with Blanket?
Blanket never has access to your private keys. When you connect your wallet, you're only granting permission for Blanket to request transaction signatures, which you must approve individually in your wallet.
Can I use multiple wallets at the same time?
Yes! Blanket is designed to support multiple wallet connections simultaneously. This allows you to access assets across different blockchains and manage your portfolio more effectively.
What should I do if I lose access to my wallet?
If you lose access to your wallet, you'll need to use your wallet's recovery phrase (seed phrase) to restore access. Always keep your recovery phrase in a secure, offline location. Blanket cannot recover your wallet or assets for you.
Ready to Start Trading with Your Wallets?
Connect your preferred wallets to Blanket and unlock the full potential of your digital assets.
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