# How to create/import a hot wallet on Coin98 Telegram Wallet

## **How to create a hot wallet**

**Step 1:** Open Coin98 Telegram Wallet, click the icon **☰** at the top left corner;

**Step 2**: Click the Add Wallet icon at the top right corner;

**Step 3:** Choose **Hot Wallet** and click **Continue;**

<figure><img src="https://2549780185-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FirKWZRA5WMZ5uBeDGB96%2Fuploads%2FQj8thjQyBVaeGLlkr465%2Fcoin98telegram-createhotwallet-1.jpeg?alt=media&#x26;token=06977805-fe47-4892-b203-aa2f80c41148" alt=""><figcaption></figcaption></figure>

**Step 4:** Select Muiltichain or the chain you want → click **Create;**

**Step 5:** 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 6:**

* 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.

{% hint style="danger" %}

* <mark style="color:red;">**Hot wallets can be logged out in certain situations, such as updating the Telegram version, logging out of your Telegram account, etc. Therefore, it’s essential to back up the wallet's recovery keys carefully when creating a new wallet.**</mark>
* <mark style="color:red;">**Please note that, if you do not possess the seed phrase of your wallet, Coin98 will not be able to assist you in recovering your wallet.**</mark>
  {% endhint %}

<figure><img src="https://2549780185-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FirKWZRA5WMZ5uBeDGB96%2Fuploads%2FVffvoKRyotrWVPdYWsUk%2Fcoin98telegram-createhotwallet-2.jpeg?alt=media&#x26;token=f43eb87e-8bc5-4fbc-8570-2baeeba46de9" alt=""><figcaption></figcaption></figure>

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

## **How to import a hot wallet**

To import a Multi-chain wallet to Coin98 Telegram Wallet, you need its Seed phrase. Therefore, you should store the Seed phrase carefully from the moment of creating the wallet.

{% hint style="info" %}
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).
{% endhint %}

**Step 1:** Open Coin98 Telegram Wallet, click the icon **☰** at the top left corner;

**Step 2:** Click the **Add Wallet** icon at the top right corner;

**Step 3:** Choose **Hot wallet** type and click **Continue**;

<figure><img src="https://2549780185-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FirKWZRA5WMZ5uBeDGB96%2Fuploads%2FE3XuFWlcDIXn2HiYq098%2Fcoin98telegram-importhotwallet-1.jpeg?alt=media&#x26;token=103cc046-55a8-4cd8-a060-57b92af158cb" alt=""><figcaption></figcaption></figure>

**Step 4:** Choose Multi-Chain or the chain you want -> click **Restore**

**Step 5:** Name the wallet and paste Seed Phrase into the Seed Phrase box

**Step 6:** Click **Restore** to complete.

<figure><img src="https://2549780185-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FirKWZRA5WMZ5uBeDGB96%2Fuploads%2FpKKM4DbZ5GJCBCYfg91G%2Fcoin98telegram-importhotwallet-2.jpeg?alt=media&#x26;token=da441d8c-60ec-41bc-9e68-ef2d45dcd630" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
**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 and Aptos (including Aptos Testnet, Aptos Devnet and Aptos mainnet). If the correct standard is not selected, the wallet cannot be properly recovered.
{% endhint %}

<figure><img src="https://2549780185-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FirKWZRA5WMZ5uBeDGB96%2Fuploads%2FCv5NWUQZxBBuKWIrKLr8%2Fcoin98telegram-importhotwallet-3.jpeg?alt=media&#x26;token=7379f105-6798-4a7d-8c40-7c4475c40b37" alt="" width="563"><figcaption></figcaption></figure>