What is Cosmos Wallet (ATOM)? Instructions for creating and using Cosmos wallet (ATOM)

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2021-07-04 02:09:50

Cosmos (ATOM) is a decentralized network of parallel Blockchains that solves the problems of scalability and usefulness. As announced by Cosmos on the project website, there are now big names using the solution and building on Cosmos’ ecosystem such as Binance Chain, eMoney, Loom, IRISnet, Terra, CyberMiles, ThetaToken,…

With the above characteristics, the demand for buying and owning, storing and using ATOM will be great when the network of Cosmos Network is expanding. So Cosmos wallet (ATOM) was born to serve these purposes of you.

So what is the Cosmos Wallet (ATOM)? Where to create Cosmos wallet (ATOM)? In today’s article, I will show you how to create a Cosmos (ATOM) wallet in detail.

What is Cosmos Wallet (ATOM)?

Cosmos Wallet is a wallet used to store ATOM coins in the Cosmos blockchain platform. You can send and receive ATOM 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.

Cosmos wallet has 2 extremely important information you must note:

  • Wallet address: Is a sequence of numbers and characters used to send assets to the Cosmos wallet. Others can transfer coins to you through the wallet address you provide. A Cosmos wallet address (ATOM) will have the format starting with “cosmos…“as follows: cosmos1kcekerpvk9aj8646fwrpdxawux8rll06vttf34
  • 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: 56e13ebbdcca876065ecebb5b0742ae2d38fb4dec5a700796ec6dd9fc17321c4.

Format of a Passphrase: dawn entire silver eager husband liquid crazy concert fog wrap enter mom.

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 Cosmos wallet as 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 Cosmos wallet, you become anonymous, no one knows who, but only transacts through an address encoded into a sequence of numbers and characters.

Read more: Learn about Cosmos.

Where to create Cosmos wallet (ATOM)?

You can create a Cosmos wallet through CHK Wallet.

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

Read more: CHK Wallet User Guide for Beginners.

Instructions to download and create Cosmos wallet (ATOM)

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 done.

How to Create a Cosmos Wallet (ATOM)

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

Step 2: Choose Add Wallet (Add Wallet) and click on the Cosmos icon to create a Cosmos 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 Cosmos 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 for creating a Cosmos wallet (ATOM)

Step 1: Choose Add Wallet (Add Wallet) and click on the Cosmos icon to create a Cosmos 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 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 and Private Key you copied to confirm. Press Create (Create wallet) again to complete.

Instructions to receive ATOM 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 Cosmos 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 Cosmos in the search bar.

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

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

Instructions to transfer ATOM 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 ATOM stored in a mobile wallet.

Step 1: Click on Cosmos wallet.

Step 2:. Choose Send (Send).

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

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

Note: Gas fees on Cosmos are calculated in ATOM and take about 0.0005 ATOM per transaction.

Some notes when using Cosmos . wallet

Is it safe to store ATOM on Cosmos wallet?

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 ATOM?

Loading ATOM or transferring ATOM from Cosmos wallet will cost the blockchain platform to confirm the transaction and this fee is calculated in ATOM.

Is it possible to create multiple Cosmos wallets?

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

Note which name should be given to you to easily manage if you create multiple Cosmos wallets.

Can Cosmos Wallet store other coins?

Are not! Cosmos wallet only allows ATOM storage.

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

Epilogue

Cosmos is one of the projects that many people are interested in, not only because of its huge profits since its listing, but also in what the project is doing. Hopefully this article is useful and can assist you in the process of creating a Cosmos wallet to store and protect your assets.

Besides Cosmos wallet, if you want to store all other coins in wallets like Bitcoin, Binance Smart Chain, Polygon, Polkadot, THORChain, … you can create a wallet right on CHK Wallet, the operation is similar. Similar to creating a Cosmos 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!

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