How to create or import a Multichain Wallet to Coin98 Extension

Introduction

With the increasing number of public chains, most users prefer to hold multiple digital assets of the public chain at the same time. If each digital asset of a chain is placed in a single-chain wallet for storage and circulation, multiple assets would need to have multiple wallets. It is clearly very cumbersome for users to install and with multiple corresponding single-chain wallets at the same time, so we - Coin98 Extension, have developed a multi-chain wallet to help users both hold and interact easily.

What is a Multi-Chain Wallet?

A Multi-Chain Wallet allows users to keep more than one crypto asset belonging to multiple blockchain networks.

Our latest version supports more than 100 blockchains such as Bitcoin, Ethereum, BNB Smart Chain, Solana, Near, Avalanche, TRON, Polygon, Fantom, Heco ChainChain, GateChain, KuCoinChain, Polkadot, Kusama, Cosmos, THORChain, Terra, BandChain, Kava, Persistence, Viction, KardiaChain, Ronin, Celo, Klaytn, Harmony, Optimism, Boba Network, Arbitrum, etc.

Step-by-step to create a Multi-chain wallet

Coin98 Extension supports the following wallet types:

1. Social Wallet

2. Hot Wallet

3. Cold Wallet

4. Watch-only Wallet

In this article, we will guide you on how to create a Hot Wallet

Step 1: Install the Coin98 Extension;

How to install Coin98 Extension

Step 2: Open Coin98 Extension, click on the icon at the top left corner to access the sidebar section

Step 3: Click My Wallets, then click Add Wallet icon at the top right corner;

Step 4: Choose your desired wallet type and click Continue.

Step 5: Select Muiltichain and click Create

Step 6: Name the wallet, then click Next;

You can click the icon on the top right corner to choose Seed Phrase Type. Coin98 supports generating 2 types of Seed Phrases: 12 words and 24 words. The 12 words seed phrase is set as default.

Step 7:

• Our engine will generate a Seed Phrase (12 words). Please pay attention to every word and make sure you back up the Seed Phrase correctly and in a safe place.

• Re-enter your Seed Phrase into the reconfirmation box.

• Read the warnings carefully, then select three checkboxes to confirm your awareness of the risks when losing keys.

• Click Create Wallet to complete.

After having been created successfully, your wallet will be shown automatically in the All Wallets section.

Now, you are all the way to enjoy DeFi's World

Step-by-step to import a Multi-chain wallet

If you already have a wallet, you can simply import it to Coin98 Extension to store coins/tokens as well as experience multiple AMMs and the Web3 Dapp directly on the Coin98 Extension.

To import a wallet to Coin98 Extension, you need its Seed phrase. Therefore, you should store the Seed phrase carefully from the moment of creating the wallet.

Seed phrase and Private Key are security keys that can be understood as a type of password in which the Seed phrase consists of 12 random English keywords, while the Private Key consists of a string of letters and numbers.

If you want to restore access to your wallets, you must have ownership of the Seed phrases (used for restoring both Single Chain Wallet and Multichain Wallet) or Private Key (only used for restoring Single Chain Wallet).

Step 1: Open Coin98 Extension, click on the icon at the top left corner to access the sidebar section

Step 2: Click My Wallets, then click Add Wallet icon at the top right corner;

Step 3: Choose your desired wallet type and click Continue.

Step 3: Choose Multi-Chain -> Then click Restore

Step 4: Name the wallet and paste Seed Phrase into the Seed Phrase box

Step 5: Click Restore to complete.

Note:

Coin98 supports 2 import options (New Standard or Old Standard) for each wallet on some blockchains such as Bitcoin, Solana, Avalanche C-chain, Viction (formerly Tomochain), Celo, Injective, The Open Network, Tron, Persistence, Tezos and Aptos (including Aptos Testnet, Aptos Devnet and Aptos mainnet). If the correct standard is not selected, the wallet cannot be properly recovered.