What is a Crypto wallet?

Think of your crypto wallet as an internet banking app, but without a bank in the equation. It's your digital financial hub where you have a unique digital "ID" that marks your transactions, just as you would carry identification in a physical wallet. Within your crypto wallet, you can:

• Check balances across different currencies
• Connect to applications utilizing your currency
• Send transactions
• Transfer NFTs (Non-Fungible Tokens)

The market offers a variety of wallet providers such as Metamask, MEW (MyEtherWallet), Rainbow, and Fortmatic. Choose the one that aligns with your comfort and security needs.

A critical aspect of setting up your crypto wallet is your "seed phrase." Upon creation of your wallet, you'll receive this unique phrase. Think of it as the master key to your digital vault: it must remain confidential at all times. Anyone who knows your seed phrase can access and use your wallet as if they were you. So, it's imperative to keep it secure and never share it with anyone.

Gameflip will never ask for your seed phrase.

Here are some examples of wallet providers:

• Metamask Wallet:
  
  
  

Metamask is the most popular crypto Wallet used nowadays. It's really easy to create an account and you can keep track of your balance and NFTs using either their browser extension or mobile app. Check it: here

• MEW Wallet (MyEtherWallet): 
  
  
  

Mew Wallet allows its user to have multiple accounts and swap around them easily enough. It uses a mobile app, but users can also navigate on their special website to keep track of any balance and NFT while keeping passwords and keys safe on the app. It also has other interesting perks, like being part of the Samsung Blockchain. Want to know more about it? Just click here