What is BandChain (BAND) Wallet? Instructions for creating and using BandChain (BAND) wallet

 351 total views


2021-07-04 01:08:42

BandChain is a high performance blockchain platform built for Oracle data. At the time of writing, BandChain is currently preparing for Mainnet Phase 2 with many expected breakthroughs such as increasing data processing speed up to 800%.

To interact with such a potential platform, you first need to own a BandChain wallet to start a “skin-in-the-game”. So what is a BandChain (BAND) wallet? Where to create a BandChain (BAND) wallet? In today’s article, I will show you how to create a detailed BandChain (BAND) wallet.

What is BandChain (BAND) Wallet?

BandChain Wallet is a wallet used to store BAND coins in BandChain’s blockchain platform. You can send and receive BAND as well as interact with applications on this platform. In particular, this wallet is owned by you, no one has the right to influence or use the wallet other than you.

BandChain wallet has 2 extremely important information you must note:

  • Wallet address: Is a sequence of numbers and characters used to send assets to the BandChain wallet. Others can transfer coins to you through the wallet address you provide. A BandChain (BAND) wallet address will have the format starting with “band…“as follows: band1aujjq27rgre54zawjpguk3e08gyg2gqxsl3yzj.
  • Passphrase and Private Key: Is a security key that can be understood as a type of password in which Passphrase including 12 any English keywords and Private Key will consist of a sequence of letters and numbers. If you want to perform the wallet recovery operation, you must go through the Private Key or Passphrase login step to complete the transaction.

Format of a Private Key: 46670510276f3a658487dd29ad58181b2aa4c366c7fe1c60cf4515357bea9960.

Format of a Passphrase: spare glare salmon exclude orphan endless search bus cactus member bridge basic.

After creating a wallet, you will receive a wallet address, passphrase and Private Key similar to your above example.

For easy visualization, you can imagine BandChain 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 BandChain wallet, you become anonymous, no one knows who, but only transacts through the address encoded into a sequence of numbers and characters.

Where to create a BandChain (BAND) wallet?

You can create a BandChain wallet through CHK Wallet.

CHK Wallet is a decentralized wallet (Non-Custodial Wallet) that not only supports BandChain blockchain but also many other blockchains such as Ethereum, Solana, Kusama, BSC, HECO Chain, Near, Avalanche (C-Chain & X-Chain), Polygon, Cosmos, THORChain, Fantom, Persistence, Bitcoin, TomoChain, Celo, Binance Chain, Tron, Terra, Kava.

Because it is a decentralized wallet platform, users are in complete control of assets, no one has access to your wallet, including developers. You can rest assured when storing BAND tokens here.

Read more: CHK Wallet User Guide for Beginners.

Instructions to download and create a BandChain (BAND) wallet

I will show you how to register and create a wallet on both mobile and desktop interfaces, you can also install both to flexibly switch use.

CHK Mobile Wallet

Download and register an account tài

You download the CHK Wallet app to your device.

Then follow the steps below:

Step 1: Select the display language

Step 2: Enter email → Select tiếp tục

Step 3: Enter the confirmation code sent to the registered email and click Verify

Step 4: Enter personal information and press Enjoy it’s done

How to create a BandChain (BAND) wallet

Step 1: Open the application, at the homepage click Manage (Management)

Step 2: Choose Add Wallet (Add Wallet) and click on the BandChain icon to create a BandChain wallet or you can choose to create a Multi-chain wallet to own more other wallets with the same passphrase (recommended) → Create (Create wallet).

‌Step 3: Give your wallet a name (name something that you can remember or convenient for later use) and back up your Passphrase and Private Key in a safe place. (Note: This is extremely important information that directly affects your assets).

  • Tick ​​the box Backup your recovery key khoá and click on the copy icon to confirm that you have saved your Passphrase and Private Key. You must save 12 security keywords as well as the private key’s string of characters in a safe place and absolutely do not disclose it to anyone. Otherwise, your account is at risk of being stolen when someone knows these sequence of characters.
  • Tick ​​the remaining two boxes to confirm you understand the risks if you lose your Passphrase/Private Key.
  • Choose Next (Continued).

If you lose this important information, it means you cannot connect to your wallet. No one has the right to restore it except you.

Step 4:

  • You copy and paste Passphrase or Private Key into the box Confirm (Confirm).
  • Choose Done (Done).

Once done, you can also access Manage → Manage All Wallets to check the newly created BandChain wallet.

CHK Extension Wallet

Installation Instructions

Brothers visit chrome.CHK.app to install CHK Extension Wallet.

For instructions on installing and using CHK Extension Wallet, you can refer here.

Instructions to create a BandChain (BAND) wallet

Step 1: Choose Add Wallet (Add Wallet) and click on the BandChain icon to create a BandChain wallet or you can choose to create a Multi-chain wallet to own more wallets with the same passphrase (recommended) → Create (Create wallet).

Step 2: Name the wallet and back up the Passphrase and Private Key in a safe place. (Note: This is extremely important information that directly affects your assets).

  • Tick ​​the box Backup your recovery key khoá and click on the copy icon to confirm that you have saved your Passphrase and Private Key. You must save 12 security keywords as well as the private key’s string of characters in a safe place and absolutely do not disclose it to anyone.
  • Tick ​​the remaining two boxes to confirm you understand the risks if you lose your Passphrase and Private Key.

Step 3: After completing step 2, select Create (Create wallet) → Re-enter the Passphrase or Private Key you copied to confirm. Press Create (Create wallet) again to complete.

Instructions to receive BAND into CHK Wallet

This operation is similar on both the mobile and wallet versions, so you should refer to the ways below and follow.

Way 1

Step 1: Click on BandChain wallet.

Step 2: Choose Receive (Receive).

Step 3: Copy the wallet address or use the QR code address.

Way 2

Step 1: Choose Receive on the homepage.

Step 2: Type BAND in the search bar.

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

You can send BAND to the address copied in step 3.

Instructions to transfer BAND from CHK Wallet

This operation does the same for both CHK Mobile Wallet and CHK Extension Wallet. Here, CHK Wallet will give an example of how to receive BAND stored in a mobile wallet.

Step 1: Click on BandChain wallet.

Step 2:. Choose Send (Send).

Step 3: Enter the amount of BAND you want to send & wallet address to send → Slide bar Send to confirm sending.

In addition, you can also go to Send In the main interface, select the BAND wallet you want to send.

Note: Gas fees on BandChain are calculated in BAND and take around 0.00005 BAND per transaction.

Some notes when using BandChain wallet

Is storing BAND on BandChain wallet safe?

CHK Wallet is a non-custodial wallet, ie full control of assets belongs to you, no one has access to your wallet except you reveal Passphrase and Private Key to others.

Is there a fee to send BAND?

Sending BAND from BandChain wallet will cost the blockchain platform to confirm the transaction and this fee is calculated in BAND.

Can I create multiple BandChain wallets?

Sure! You can create as many BandChain wallets as you like, each wallet will have a different address and Passphrase/Private Key, so remember to save it.

Note that you should name it so that you can easily manage it if you create many BandChain wallets.

Can BandChain Wallet store other coins?

Are not! BandChain wallet only allows BAND storage.

Which coin wallet address will store that coin, do not transfer any other coins to the BAND wallet to avoid unfortunate capital loss.

summary

Hope this article is useful and can assist you in the process of creating a BandChain wallet to store and protect your assets.

Besides BandChain wallet, if you want to store all other coins in wallets like Bitcoin, Binance Smart Chain, Polygon, Polkadot, THORChain, Cosmos … you can create a wallet right on CHK Wallet, do the same. Similar to creating a BandChain wallet and only takes about 1 minute to complete. More specifically, now CHK Wallet is supporting the creation of Multi-chain wallets, now you can transfer and store multiple coins / tokens on blockchains in the same wallet while using only a single passphrase to control. .

Because this information is important, I would like to repeat it again, the passphrase is extremely important, is the key to open the door to the house, so you must protect it carefully.

See you in the next posts!

#coin98wallet #BAND #BandProtocol #ViLuuTruCoin

.

#BandChain #BAND #Wallet #Instructions #creating #BandChain #BAND #wallet

Related Posts

Leave a Reply

Your email address will not be published.

Close Bitnami banner
Bitnami