TWINS wallet guide for beginners
Hello, everyone! This is a short guide to the basics of the TWINS wallet. If you haven’t used this type of wallet before, just take it slow and double-check everything, you’ll be sending and receiving transfers in no time. — The author
Downloading the wallet:
Download the wallet from the official TWINS website.
DO NOT use any other download locations as those do not guarantee that you will get a clean wallet that has not been tampered with.
Once you are on the TWINS website, click on the »Download« button and choose a wallet according to your operating system (Windows, Linux or Mac).
After downloading, click on the downloaded file to run the installer and start the installation process.
NOTE: Windows or your antivirus may block the installation. In that case, make allow for an exception in Windows or your antivirus and proceed with the installation.
Set the DATA directory (location where the wallet will keep the blockchain files and the wallet file itself (wallet.dat) and INSTALLATION directory where the wallet application will be installed.
Running the wallet:
After the installation completes, you can run the wallet by finding the Twins Core group and clicking on Twins Core icon (DO NOT click the Twins Core (testnet) icon).
Please scroll down to the Usage guide section below to find out the basics about using the wallet.
Linux (desktop environment):
Decompress the *.tar.gz archive into the location of your choice.
Running the wallet:
Navigate to the location where you decompressed the wallet archive then to the ~twins-3.2.0\bin\ directory and run the twins-qt executable to start the GUI wallet covered by this guide.
NOTE: The Linux archive contains the console wallet as well but this guide is for newbies so it will not be covered here.
Mount the downloaded .dmg file containing the TWINS wallet by double-clicking it.
The Twins-CORE device will show up in the Finder sidebar and a window will open. If it doesn’t open, doubleclick on the Twins-CORE device.
DRAG the Twins CORE application to the Applications folder to install it.
Navigate to the Applications group in the Finder sidebar and look for the TWINS-Qt application.
RIGHT-CLICK the TWINS-Qt application and choose “Open” to run the wallet.
NOTE: Double-clicking the TWINS-Qt application to run it WON’T WORK, because the file is from an unknown source.
Usage guide — the basics
The very first thing to do when you start your wallet is — nothing.
You have to WAIT until the wallet downloads the blockchain to your hard drive.
Afterwards, there are a few things you want to do to for your wallet to become more secure and your TWINS safe. First you need to encrypt the wallet, then back it up to a safe location.
Encrypting the wallet:
Encrypting your wallet prevents other people using your computer from stealing your TWINS or your wallet.dat file.
Open your wallet, in case you haven’t done so already.
Click on “Settings” in the menu bar, then on “Encrypt Wallet”.
Afterwards, you will see a window with two prompts for entering the wallet passphrase. Enter the same passphrase into both of them and click OK to encrypt your wallet.
DO NOT forget the encryption passphrase! If you lose it, you will not be able to access your TWINS.
Restart your wallet after you encrypt it. That concludes the encryption process.
NOTE: encrypting your wallet also locks the wallet and it starts up in locked mode.
Unlocking the wallet
You have to unlock your wallet before you can send funds or stake your TWINS. The unlocking process is rather straightforward:
Open the “Settings” menu and click on “Unlock Wallet”:
You can also click on the purple lock icon in the bottom right of the wallet to get to the next stage.
In the next window, enter the passphrase you chose when encrypting the wallet to unlock it and either tick the checkbox or leave it unticked, depending on which type of unlocking you wish to perform.
There are two types of unlocking:
- unlocking only for anonymization, automint and staking: this type lets you stake your TWINS and receive stakes (tick the checkbox if you only want to stake TWINS and don’t want to send any to others),
- full unlocking permits all of the above and lets you send TWINS (leave the checkbox unticked if you want to send TWINS).
If you want to lock the wallet again, open the “Settings” menu and click on “Lock Wallet”, or click on the purple lock icon in the bottom right of the wallet.
Backing up the wallet:
The most important thing in cryptocurrencies is backing up your wallet data! Always keep backups in multiple places so your TWINS are safe in case you lose access to your computer.
The wallet backup process is very straightforward:
Click on “File” in the menu and then on “Backup Wallet”.
A window where you can name your wallet file and choose its location will open.
Enter the wallet file name into the “File name” field and choose a location to save it to, then click “Save”. Your best bet is to save your wallet file onto a USB stick and put it in a safe location.
You must backup your wallet file EVERY TIME you create a new receiving address,or you risk losing the funds received to that address.
The Overview tab
Now that your wallet is encrypted and backed up we can have a better look at the Overview tab.
There are three areas of interest: “Combined Balance”, “TWINS Balance” and “Recent Transactions”.
- The “Combined Balance” area are shows the absolute amount of TWINS you own.
- The “TWINS Balance” area shows the amount of TWINS currently available for transactions and (if present) an amount of immature TWINS from stakes which have to age for a certain period of time before they are added to your available balance.
- The “Recent Transactions” area shows your last transactions and received stakes with timestamps. If a transaction or stake is within[square brackets] it doesn’t have enough confirmations yet. Incoming and outgoing transactions need 6 confirmations, incoming stakes need 61. You can find out how many confirmations a transaction or stake has by hovering your mouse over it.
Click on the “Send” tab on the left side of the wallet and you will see the section of the wallet which lets you send your TWINS to others.
The most important part of this tab are the fields where you enter the TWINS recipient information:
The “Pay to” field contains the receipient address of your TWINS.
The “Label” field contains the label for the sending address that will receive your TWINS.
The “Amount” field will contain the amount of TWINS you want to send.
Let’s tackle the “Pay to:” field first:
The three buttons next to it allow you to manage your sending addresses, copy paste an address from the clipboard or clear all the sending fields.
The left button opens the window where you choose your sending address.
The middle button pastes an address from the clipboard into the “Pay to” field. (NOTE: You can also enter a recipient address that is not in your address book into it, if necessary.)
The right button deletes information from all fields if there is only one payment recipient OR removes the last payment recipient if there is more than one.
This is where you enter and label your sending addresses.
You can also access the window by clicking “File”, followed by “Sending addresses”.
Choosing an address: You can either double-click a sending address to choose it, or click it once and then click the “Choose” button. After you do either the window will close and the “Pay to:” field and “Label” field (if you chose a label for the address) in the Send tab will be filled.
The “New” button lets you add new sending addresses: Just fill in the “Address” field with the sending address and the “Label” field with the recipient name and click “OK”.
Remember: It’s a good idea to choose labels for your sending addresses so you know to whom you are sending your TWINS to and double-check the sending address with the recipient so you are 100% sure they get your TWINS.
The “Copy” button copies the chosen sending address to the clipboard: Just click once on an address to highlight it and click “Copy” to do it.
The “Delete” button deletes a chosen address. Click once on an address to highlight it and click “Delete” to delete it.
Now that we have chosen our sending address, you are back at the wallet’s “Send” tab with the sending address and label fields already filled:
All that you need to do now is fill in the “Amount” field with the number of TWINS you want to send and click the “Send” button at the bottom.
NOTE: If you want to send TWINS to more than one recipient, click on the “Add Recipient” button at the bottom, and a new set of empty fields for sending information will appear.
After you click the “Send” button a confirmation window will pop up. It contains the sending information and the amount of sending fees you will have to pay.
REMEMBER: This step cannot be reversed. You must be completely sure that your sending information (address and amount) is correct!
Verify that the information is correct and click “Yes” to send your TWINS.
You can now see your sending transaction in the “Transactions” tab:
Last, but not least, the “Clear All” button on the “Send” tab deletes all entered recipient information and all but one set of fields for entering recipient information.
When you want to receive TWINS, click on the “Receive” tab on the left side of the wallet.
To receive funds you must provide the sender with the receiving address to send it to. Receiving addresses are generated by the wallet itself.
When you want to receive a payment, all you have to do is generate a receiving address:
Click on the “Receiving Addresses” button on the right side of the “Receive” tab.
A window where you can generate receiving addresses will appear:
You can also access the window by clicking “File”, followed by “Receiving addresses”.
Click on the “New” button to generate a new receiving address. Filling in the “Label” field is optional (but a good idea to keep your wallet organized) and the address is generated automatically:
Click “OK” after you are done and you will be returned to the previous window with a newly generated receiving address.
NOTE: You must backup your wallet file EVERY TIME you create a new receiving address,or you risk losing the funds received to that address.
To copy it into the clipboard you have to select it by clicking on it once and clicking the “Copy” button or right-clicking it and choosing the “Copy Address” option.
Share this address with whomever you want to receive a payment from.
Once you receive a payment to one of your addresses, you can see it in the “Transactions” tab:
The Transactions tab
This tab displays your history of incoming and outgoing transactions. You can filter and sort them with the help of drop-down menus and search boxes and export them into a .csv file by clicking the “Export” button.
The Masternodes tab
The “Masternodes” tab lets you monitor and start your TWINS masternodes. Its usage is covered in the TWINS masternode guide.
It is not visible by default and has to be turned on in the options: Click “Settings” in the menu bar, then “Options” and finally the “Wallet” tab. Tick the “Show Masternodes Tab” and click “OK”. You must restart the wallet for the tab to show up.