Setting up a Solana Wallet

Getting prepared for our upcoming Solana IDO’s

Medley
Future Venture
Published in
2 min readNov 21, 2021

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Solana’s low transaction fees, rapid transaction times, and NFT infrastructure have made the network a favourite for projects that require frequent, small transactions, such as play-to-earn games.

As Lithium seeks to expose our investors to the massive upside of crypto gaming, it’s obvious we will be launching more and more Solana projects in the future.

As building bridges in time consuming and expensive, we will instead be utilising a wallet link. We’ll cover exactly how this link will work in a future article, but for now let's still to the first step. Setting up your Solana wallet, so you can receive airdropped Solana tokens from our IDO’s.

Picking your Wallet

This is easy. We recommend Phantom. It’s got a great user experience, is reliable, and has a lot of x-chain flexibility.

Setting up Phantom

This article lays out step exactly how to set up your Phantom wallet.

In short all you need to do is:

  1. Go to https://phantom.app/download and install the browser extension
  2. Select “Create New Wallet”
  3. Store your “Secret Recovery Phrase” in a safe and secure location.

If you are a more visual learner, you can also check out the video below.

Next Steps

The next steps will be to link your new Solana wallet to your Binance wallet, using our link. As soon as this is ready, we’ll release an article on exactly how to use it, for now — you can make do with the sneak peek below.

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