Crypto Wallet?

What is a wallet?

A wallet is like a magical moneybox where you can keep your digital money (crypto). Instead of coins or bills, it holds special keys that let you use your money on the Internet. It’s secure and accessible from your computer or phone.

What is it for?

• Keeping your cryptos and tokens safe: Like a moneybox, but for digital money and tokens.

• Sending and receiving money or tokens: You can share or receive "digital coins" or tokens (like the NAEST token) with your friends.

• Buying things online: Some stores accept these magical coins for payment.

How does it work?

• Magic Key : Your wallet creates two special keys:

  • A public key (like your postal address) to receive cryptos or tokens.

  • A private key (like the secret code to your moneybox) to spend or send your cryptos or tokens.

• Connecting to the blockchain: Your wallet connects to a big digital ledger (the blockchain) to check how much money or how many tokens you have and to record your transactions.

• Security: If you lose your private key, it’s like losing the key to your moneybox — no one will be able to open it, not even you!

Creating a Wallet on Solana (Simple Example)

• Choose a cool tool : Download a wallet like Phantom (it’s a free and easy-to-use app).

• Create your account:

  • Open the app and click on "Create a new wallet."

  • Write down your secret phrase (12 magic words). 🪄 It’s like a super-secret code to recover your money or tokens if you lose your phone. Don’t share it with anyone!

• Receive cryptos or tokens: Your wallet gives you an address (like a mailbox). Share it with someone who wants to send you cryptos or tokens.

• Send cryptos or tokens: Click on "Send," enter the recipient's address, choose how much you want to send, and confirm.

It’s fun and magical!

A crypto wallet is like a special moneybox that you can use anywhere in the world. But remember, always keep your secret code safe, like a treasure!