Digital Wallets

In order to use Universe XYZ or the Ethereum network, you will need an Ethereum wallet.

A digital wallet is a software application that allows you to manage your Ethereum account and interact with the blockchain. You can read your Ethereum account balance, send transactions and connect to applications.

It is free to generate an Ethereum account and most wallet products allow you to do so. An Ethereum account is made up of a cryptographic pair of keys: public and private.

Your Ethereum account has an address derived from the public key. This is like an account number that you can share to receive ETH, tokens and NFTs.

Each address begins with 0x, for example: 0xAEa0Bbf4d27537D8011c95b5dbb66fA7dD2AC778.

Ethereum addresses are not case sensitive.

Your private key allows you to sign transactions. This grants you custody over the assets stored on the blockchain that are associated with your account. Your private key is held in an encrypted form and managed by the Ethereum wallet software.

If you create an Ethereum account using one wallet product, you can import it into another wallet product using the private key or sometimes a recovery seed phrase that is typically 12 or 24 words long. Never disclose your private key or recovery seed phrase to anyone. Anyone with these can steal all of the assets held in your account.

Universe XYZ supports the following digital wallets/connection methods:

  • Metamask

  • Ledger

  • Portis

  • Trezor

  • Coinbase

  • Wallet Connect

You can learn more about different wallet types here.

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