A Smart Wallet is a gave digital wallet through which you can store, spend and receive cryptocurrencies besides tokens. This wallet is targeted & designed for who seeks to securely custody his/her assets on the blockchain and/or interact with DApps.
In the constantly expanding space of blockchain gaming, Smart Wallet is one of the key products to store Tokens or Coins. Primarily in the case of Battle Bulls, your smart wallet is the hub of digital asset storage, and the key tool for communication and exchange. Therefore in this article, I will be outlining a simple guide to help demystify what smart wallet entails, how one is created as well as how they should be used correctly.
How to Create a Smart Wallet
Smart Wallet is an innovation in the cryptocurrency wallet industry — let’s go! First of all, let us note that in this guide, we will explain creation for the first wallet in Smart Wallet.
In the case of owning an iPhone, download the Smart Wallet app from the App Store; in the case of using Android, from Google Play. Now you will see the QR codes on the screen which will lead you to download page. The downloaded PDF will automatically be displayed, and if you do not have the iM
By merely scanning the below QR code using the Smartphone, the download page will be displayed.
[Insert QR code for downloading of the PDF]
When launching the wallet, you will be asked to set the application language of your preference. Select the type of language that you are at ease to use with Smart Wallet. Of course, this might take some time since the network is loading a specific language for the translation. If the language you require does not appear as soon as you entered the page, please wait for a while.
Do this by checking the box clearly displayed to show that you agree to the terms of use of this website. Then click the “Create Wallet” button:
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How To Open a Smart Wallet Account?
Once you open the Smart Wallet Application, it will offer two options. The first one Known Security and Passphrase Known Security second. In this guide, we’ll discuss each mode, but it is advisable to use the Passphrase Security option. On the wallet creation stage, it is also possible to choose the Wallet option to Use Smart Defender provided that you work with a cold wallet. This guide will also show how to create a new wallet, with the use of Smart Defender as well.
Please note while you creating smart wallet account that you can choose the length of the mnemonic phrase words I.e. either 24 words or 12 words. A mnemonic consisting of 24 randomly generated words adds even better protection to your virtual property. The default smart wallet Pass phrase of Passphrase Security mode which is set up 24 mnemonic phrase. So here you had a choose a 24-word mnemonic phrase. Which will be generated smart wallet in Basic Security mode, to do that you should enable this option by toggling the switch button.
Passphrase Security For Smart Wallet
This security mode is the most suitable for such user’s as experienced ones. It is quite different in terms of, apart from the mnemonic phrase, the wallet will also ask for a passphrase — an additional word to the mnemonic phrase; the thirteenth one. What is important that passphrase is not stored in your Smart Wallet Application, only the owner of the Wallet knows It’s Passphrase. It will shield (You Will Loose) your money (Holding Assets) if you misplace your mnemonic phrase.
It’s important to recognize that there’s no way to recover the passphrase if it is lost or forgotten and you’ll be locked out of your wallet for good. Consequently, we suggest that it is only imperative to apply a passphrase to the individual utilizing cryptocurrencies in the course of practice. For instance, if you are a first time user and you doubt your ability to safely secure the passphrase, you need to switch to the Basic Security method.
Therefore, make the selection on the High Security mode. Smart Wallet will also prompt you the purpose of the passphrase and the guidelines for the passphrase creation. Click “Continue“:
Once inside the interface, you will be presented with a screen with your 24-word mnemonic phrase which is created at the top of the screen. These phrases appear below PHRASES, to read them words, you need to hold long press and hold the button. This will be displayed on button “Press and Hold to see Phrase”. Again, the mnemonic phrase screen capture and recording are disabled on by default. This will helps to ensure that only the owner of wallet i.e you alone can access your wallet as you decide.
And under the mnemonic phrase, there will be a field for entering the passphrase — a word that restores access to the wallet.
Click on Next Button to Create and enter your passphrase.
You should know that Smart Wallet does not store your passphrases. So, this word must be securely written and memorized to bring it up as a reference in case of need. Smart Wallet will alert you to this. Click “OK” to proceed:
Subsequently the wallet will request all the words of the mnemonic phrase arranged in the same sequence as they were when selected and the passphrase. Do this and click “Next”:
If, all the entries provided are correct, then you get a message on the screen informing you that the wallet has been created successfully.
Congratulations, you — your wallet has been created!
Important Note Passphrase Security:
Important points you the owner of wallet should know when creating this high security a passphrase and importing a wallet with it.
✔️ The passphrase can only be set only one time, i.e once before you create a wallet.
✔️ The passphrase is composed by the owner of wallet i.e only by the user.
✔️ If a passphrase is forgotten there is no way of getting it back.
✔️ Memory the passphrase independently from the mnemonic phrase in order to prevent persons from the unlawful entrance to your wallet.
✔️ When importing a wallet, which contains a mnemonic and passphrase, tick the box that says “I have a passphrase” and proceed as directed.
How To Create Basic Security On Smart Wallet
When you choose selecting Basic Security, Smart Wallet will automatically generate a new wallet for its user. You will need to set write on a paper your mnemonic phrase. To do this, the owner has option to tap the “Backup needed” which will be displayed a message on the main screen.
What will happen is that the program will present you with another screen on which you will get to see 24 words. To read them, press and hold the “Press and Hold to see Phrase” button under the phrases:
They say please be careful at this stage — this phrase will make your funds secure. In our opinion, one should jot it down on a piece of paper. Mnemonic phrase, should not be written on the digital devices, such as computers or flash drives, not to be disclosed to anyone.
To proceed with operations in the application you agree to confirm your mnemonic phrase choosing the correct sequence of the words.
If all the entries are accurate, there will be a message saying ‘Congratulations.’
The Important Note, you don’t share your mnemonic phrase with anyone.
How To Create Smart Wallet with a Smart Defender?
SMART DEFENDER is a smart SD card which contains library part of the private key on an NFC chip. The latter is used to confirm transactions in Smart Wallet — tokens’ transferring and requesting to split the rewards. You need to tap the Smart Defender Card To confirm a transaction, a smartphone with a Smart Wallet.
This makes sure that no one else apart from the person possessing the Smart Defender gets the ability to make any transaction on any cryptocurrency kept in Smart Wallet. In the event the smartphone is, for instance, lost, the user’s cryptocurrency will not be at risk. Wu as we shall see below will be expounding more on how it is configured while setting up the Smart Defender in a wallet.
When you are creating a wallet, make a selection on the “Use Smart Defender” option.
The wallet will display you by explanation what Smart Defender is Created for.
Click “Got it!” to proceed with the setup. You will find the proceeding screen button, you have to scan your Smart Defender to the smartphone.
Tap the card on the side of the camera: that’s where the chip is, in smartphone. Bring the card in front of your eyes for a second or two. If it is withdrawn prematurely it may either not be read or it will be read only partially.
Note: At times, you will need to turn on NFC on your device by going to the settings menu of your device.
When once the setup is totally complete, you will see a pop-up notification displayed on screen.
