Wraith Wallet essentials
If you are new to Wraith Wallet, start here. These essential topics explain the core concepts you need to understand before managing your crypto.
📄 What is a recovery phrase?
Your recovery phrase is the master key to your wallet. Learn how it works, how it differs from a private key, and why it is the most important part of your crypto security.
📄 Securing your recovery phrase
Practical steps to back up your recovery phrase safely, including offline storage, redundancy, and why you should never share it with anyone.
📄 What is a coin? What is a token?
Understand the difference between native blockchain coins (like BTC or ETH) and tokens built on top of blockchains (like USDT or UNI).
📄 What are network fees?
Discover why every blockchain transaction requires fees, who they go to, and how they vary between chains like Bitcoin, Ethereum, and Solana.
📄 What are minimum balance requirements?
Some blockchains require you to hold a small amount of their native token to keep an account active or store data. Learn which chains have these rules and what they mean for you.
📄 Understanding transaction status
Transactions can be pending, successful, failed, or reverted depending on network conditions. Learn how to read transaction statuses in Wraith Wallet.
📄 What are token approvals?
On EVM-based chains, you grant permissions for smart contracts to use your tokens. Find out why approvals are required for swaps and how to manage them safely.
📄 What is a memo or destination tag?
Certain blockchains like XRP and ATOM use memos or tags in transactions. Learn when they are required and how to use them correctly to avoid lost funds.
📄 What is a watch wallet?
A read-only wallet that lets you track balances and transactions for an address without importing private keys. Perfect for monitoring cold storage or public addresses.
📄 What is WalletConnect?
A protocol that allows you to connect securely to decentralised applications (dApps) by scanning a QR code. Essential for DeFi, NFTs, and Web3 gaming.
📄 What is a naming service?
Human-readable names such as alice.eth or bob.sol make sending and receiving crypto easier. Learn which naming services Wraith Wallet supports.
Summary
The essentials section covers the foundation of crypto and how Wraith Wallet handles key concepts like recovery phrases, fees, and token management. Read through these pages before moving on to advanced features.
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