What's a wallet?
Your wallet stores your public and private keys.
A private key (secret key) is a tiny bit of code that is paired with a public key to set off algorithms for text encryption and decryption.
The keys are used to track ownership, and transact in cryptocurrencies.
A public key allows others to make payments to the address derived from it, whereas a private key enables the spending of cryptocurrency from that address.
How to keep your tokens safe.
Just like your own physical wallet, you want to keep it out of reach of scammers and thieves. The most important thing to remember is to never reveal your private key to anyone .
Here are some safe practices to consider:
If you're using a non-custodial wallet (i.e. Metamask), make sure you keep a copy of your seed phrase somewhere safe in case you need to recover your wallet.
Keep track of your credentials, and make sure your password is unique and not used for any other service.
Be mindful of potential internet scams, and stay rational online.
Do not access suspicious websites or links, and never sign a transaction that you don't know about.
Use 2-Factor Authentication for online wallets (i.e. Fortmatic).
Always check the address you're transacting with.
You are solely responsible for the security of your wallet and funds. Morpher is not a bank, and does not hold custody of your funds or tokens.
Frequently Asked Questions:
What wallets does Morpher support?
We currently support Morpherwallet and Metamask, and offer legacy support for Portis, and Formatic users on Morpher.
What wallet should I use?
If you're completely new to blockchain then use Morpherwallet, it's easy to use. For advanced uses we recommend Metamask.
Will you support other wallets?
Yes, we are working on integrating more popular wallets in the future.
How do I switch wallets?
Take a look at our guide for switching from Fortmatic to Metamask.
I lost access to my wallet!
Here are some external links that may help you regain access to your wallet.
Fortmatic Help Center
Metamask - Backup and Restore
Morpherwallet - Helpdesk Article
Updated on: 07/04/2023