Learn the essential functions of a cryptocurrency wallet. If you don’t already have one, check out our guide to creating an Ethereum account.
Accessing Your Wallet
Upon opening your wallet, you should see a dashboard displaying your balance, along with options to send and receive cryptocurrencies.
Receiving Cryptocurrency
Want to receive crypto in your wallet?
Every Ethereum account has a unique receiving address—a string of numbers and letters starting with "0x." Think of it like a bank account number: sharing it poses no security risk.
👉 Discover how to securely share your wallet address
Steps to Receive Crypto:
- Open your wallet app.
- Tap "Receive" (or equivalent).
- Copy your Ethereum address or scan the QR code.
- Provide the sender with your address.
Pro Tip: Avoid manually typing addresses to prevent errors. Always double-check the recipient’s details!
Sending Cryptocurrency
Ready to send ETH or other tokens?
Steps to Send Crypto:
- Open your wallet.
- Enter the recipient’s address (or scan their QR code).
- Confirm the network (e.g., Ethereum Mainnet).
- Review the transaction fee and hit "Send."
Key Reminders:
- Tokens like USDC exist on multiple networks—ensure the recipient uses the same one.
- Always have enough ETH to cover gas fees, which fluctuate based on network demand.
Connecting to dApps
Your Ethereum address works across all decentralized applications (dApps). No additional sign-ups needed!
How to Connect:
- Visit a dApp’s website (e.g., Uniswap).
- Click "Connect Wallet."
- Select your wallet provider (e.g., MetaMask).
- Sign the connection request (no ETH required).
👉 Explore top Ethereum dApps today
Frequently Asked Questions (FAQs)
Can I use the same address on multiple blockchains?
Yes—if the blockchain is EVM-compatible (e.g., Polygon, BSC). Check Chainlist for supported networks.
Is my wallet balance stored on my device?
No. Wallets only manage access; funds live on the blockchain.
How do I track a pending transaction?
Use a block explorer to monitor transactions in real time.
Can I cancel a sent transaction?
No. Once confirmed, transactions are irreversible.
Last Updated: October 2024