What is Keplr Wallet?
Keplr wallet is an e-wallet product that attracts a large number of users when it supports features such as: IBC (Inter-Blockchain Communication protocol), store, manage,…assets on most ecosystems in Cosmos universe. Currently, Keplr Wallet is the product non-custodial wallet (decentralized wallet) is designed on two mobile and desktop versions specifically for the Cosmos ecosystem.
Key features of Keplr Wallet
- Compatible with products on Cosmos: Keplr allows users to interact with DApps belonging to the Cosmos ecosystem. Most of the new products in this universe will include a Keplr wallet by default.
- Integration on 20 blockchains: Currently, Keplr wallet has integrated more than 20 blockchains based on Cosmos SDK.
- Large number of users: Keplr wallet has just reached the milestone of half a million users since it officially went into operation. A desirable number of many products on the market.
- Direct Staking: Keplr wallet allows users to stake assets on the respective blockchain.
Instructions for installing Keplr . wallet
Currently, Keplr wallet can be installed and used on mobile and computer versions. To be able to install the Keplr e-wallet product, follow the corresponding instructions below.
Note: Some features or blockchain are yet to be added and optimized on the mobile version. Therefore, to fully experience Keplr Wallet, you should use the desktop version.
Install Keplr wallet Mobile version
You can install Keplr wallet on your mobile device depending on the operating system of the product you use.
Step 1: Go to the App Store or CH Play. Then enter Keplr on the search bar.
Step 2: Select the Keplr icon and press Download.
Install Keplr wallet PC version
I will guide you to install the Keplr Extension version on Google Chrome as follows:
Step 1: Go to the Chrome Web Store. Then type Keplr in the search bar.
Step 2: Select the correct result, then click Add to Chrome.
Step 3: After successful installation, click Extension icon in the toolbar, then click Battery icon next to the Keplr wallet for easy access.
Keplr Wallet User Guide
Setting up and creating a Keplr wallet is quite simple. Therefore, I will guide you to install on iOS (mobile). Browsers as well as other systems, you do the same operation.
Create a new wallet address on Keplr Wallet
Step 1: At the main interface, you choose Create a new wallet.
Step 2: Choose Create new mnemonic. Mnemonic here is similar to the passphrase above Techtipsnreview walletconsists of phrases of 12 or 24 words lock is very important arranged in fixed order. In case you log out or forget your password, you can use Mnemonic to recover wallet. If you lose this key phrase, it means that you will lose your wallet as well as all the assets inside. Therefore, you need to store your Mnemonic very carefully.
In the computer version, you can choose the Mnemonic cluster of 12 or 24 keywords as you like. For the mobile version it will default to 12 words.
Step 3: Enter the wallet name and password with minimum 8 characters. Then, confirm the password again and select Next.
Step 4: The system will display 4-5 keywords to choose from. You need to complete the Mnemonic cluster in the correct order to confirm. Then choose next to continue.
Step 5: So you have finished creating Keplr wallet. Click Done.
- At step 5, you can turn it on or off Biometric features optional. Biometric is a biometric technology that allows you to open your wallet using mobile device features such as Face ID or fingerprint.
- Once completed, you will receive different wallet addresses corresponding to the blockchains that Keplr supports. At the mobile version, currently only 10 blockchains are supported.
Log in or add an existing wallet to Keplr Wallet
Step 1: At the first interface, you choose Import existing wallet.
Step 2: Then choose:
- Import from Keplr Extension: To restore a wallet from the desktop version of Keplr
- Import existing wallet: To restore the wallet is available with the 12 keyword phrase.
Step 3: Enter the keyphrase of the wallet you want to restore into the Mnemonic seed box.
Step 4: Enter the wallet name and password with a minimum of 8 characters. Then confirm the password again and select Next.
Step 5: Click Done to complete the restore to the Keplr wallet.
How to receive tokens from outside to Keplr . wallet
Step 1: Select the wallet you want to send the coin/token to by clicking the arrow icon. Then, select the network corresponding to the coin/token you want to deposit.
Step 2: To be able to receive tokens from outside into Keplr, you just need to click on the address under the name of the wallet as shown in the picture to proceed with the copy. Then, just enter the correct address just copied to be able to perform the transaction.
How to transfer tokens from Keplr . wallet
Step 1: Similar to receiving tokens, you need to choose the wallet corresponding to the coin/token you want to send. Then choose Send next to that coin/token icon.
Step 2: Enter the required information including wallet address and balance. In addition, you can adjust the transaction fee corresponding to the processing speed Low (Low), Average (Average), High (High). Eg: If Low is selected, the waiting time for the transaction to be executed will be longer.
Step 3: Enter the message (if any) and press Send to make a transaction. The system will display the transaction information table, check carefully before choosing Approve to agree.
How to Stake Directly on Keplr . Wallet
To conduct Stake on Keplr wallet, you need to transfer assets to the corresponding wallet. Eg: ATOM will transfer to Cosmos Hub, SCRT will transfer to Secret Network wallet, etc.
Step 1: Select the corresponding wallet with the coin/token that you want to stake. Then choose Stake.
The system will display a list of Staking Pool of that property as well as Amount Staked (amount of staked tokens) of each pool.
Step 2: Select the pool you want to join.
Here, the information of each pool will be displayed. Of these, the most important is Commission (commission fee) – fees will be deducted directly from the staking reward received from that pool. Press Stake.
Step 3: Enter the amount you want to stake and select the same fee as the token transfer step. Then choose Stake to conduct a transaction.
- Assets added to the pool will be locked for 21 days.
- If unstake will need to wait another 21 days for the asset to be added back to the wallet.
- To be able to see the APY of each pool, you need to use the website StakingReward. By searching for the name of the pool, you can check the APY of that pool.
Different features in each version
How to add tokens to Keplr . wallet
Add Token (Add Token) is one of the features only available on the desktop version. To proceed with adding tokens, follow these steps.
Step 1: Select the blockchain with the coin/token you want to add. In this article, I will use Secret Network as an example.
Step 2: Click on the multi-tasking icon → select Add Tokens.
Step 3: Import Contract Address (Transaction Address) of coin/token to add. The system will automatically recognize and display the remaining information. Click Submit to complete.
How to trade directly on Keplr Wallet.
With the mobile version, you can participate in transactions right on the app through the DApp like Osmosis or Stargaze.
In this article, I will take Osmosis – The first AMM Hub and also the largest platform, playing an important role in the Cosmos ecosystem as an example.
Step 1: Choose globe icon on Keplr wallet.
Step 2: Select the app you want to join. The system will directly transfer you to the DApp’s interface.
With Osmosis, you can swap or farm to increase your profits through detailed instructions in the article.: Earn up to 80% on Cosmos with Keplr wallet.
So Techtipsnreview introduced you to what is Keplr wallet and instructions on how to install and use the wallet in the most detailed and easy to understand way.
Source: What is Keplr Wallet? Instructions for creating and using Keplr Wallet (2022)