Embarking on your cryptocurrency journey begins with a fundamental step: creating and setting up your wallet. At its core, a wallet safeguards your private keys, and these keys are like the guardians of your digital assets. While tokens live on-chain, you keep the private key in your wallet, allowing you to move, spend, and transfer the tokens as you wish.
After purchasing your first $CAPS, the native token of Ternoa, you might wonder how to best secure them. Let’s delve into six great options to keep your $CAPS safe.
Hot vs. cold wallets
Wallets exist in different forms, but we broadly categorize between hot and cold wallets.
- Hot Wallets: These wallets seamlessly facilitate interactions with decentralized applications. Their constant connection to the internet makes them a prime choice for those who seek on-the-go access.
- Cold Wallets: In contrast, cold wallets are hardware isolating cryptocurrencies from the online world and storing keys on a particular chip. They store keys on a dedicated chip, offering robust security, ideal for those looking at long-term holdings.
Choosing between hot and cold wallets depends on your needs. If immediate access is vital, hot wallets are a great choice, while cold wallets are best for secure, long-term storage. Every wallet gives you a 12–24 word seed phrase — your only recovery tool if access is lost, so guard it well. This seed phrase is versatile; you don’t need a new wallet for every app. For instance, with a PolkadotJS wallet, you can import it to Nova Wallet or SubWallet using your seed phrase. Remember, your wallet stores the private key, but coins stay on the blockchain, allowing access across apps.
Moving on to wallets for your CAPS. Ternoa is built on Substrate and, therefore, natively compatible with the Polkadot ecosystem. Accordingly, the way to access it is through wallets with Substrate support. Currently, you have six different options for your CAPs.
Polkadot JS
Polkadot JS is a browser extension developed by Parity, the technology company driving the development of Polkadot. It’s used to manage all your Substrate accounts and allows the signing of transactions with these accounts. The way that works is that PolkadotJS injects your account into apps so you can then use them.
Note that the PolkadotJS extension does not offer a full-blown wallet experience. It is simply a tool to manage your accounts and sign without revealing information about your other assets to the dApps you interact with. While great for privacy, it might take some getting used to it.
It doesn’t show wallet balances unless you connect to websites that do. It also doesn’t support direct staking, nominating, or other complex things. Therefore, PolkadotJS might be a better option for developers and advanced ecosystem users rather than the casual cryptocurrency investor.
Nevertheless, it’s easy to set up, so if you want to try it, you can download it here.
SubWallet
SubWallet offers full wallet functionalities with a browser extension and mobile wallet available.It’s a user-friendly gateway for everything in the Polkadot and Kusama ecosystems. If you’ve ever used MetaMask, you’ll find a familiar experience with an intuitive interface that opens up Dotsama to the users and enables them to access DeFi and GameFi.
Being EVM-compatible, SubWallet allows you to manage not just your Substrate assets but also tokens from EVM chains like Ethereum, Polygon, and Avalanche. Furthermore, with a single master password, you can oversee multiple seed phrases. SubWallet supports 150+ networks, 380+ tokens, and 50+ dApps.
With SubWallet, you can easily track your $CAPS balance or send CAPS to other accounts. All you need to do is enter the amount you want to transfer and the recipient’s address and sign the transaction. You can also stake your$CAPS with it.
You can check out the mobile wallet and browser extension here. And did we mention that the SubWallet community voted Ternoa #3 in the infrastructure category right after Polkadot and Kusama?
Nova Wallet
The Nova Wallet is a mobile wallet available for Android and iOS. It supports many chains and projects in the Polkadot ecosystem, making it the perfect fit for any Polkadot and Substrate enjoyer. Currently, you have access to over 65+ Polkadot networks and more than 230+ tokens, CAPS being one of them.
Nova also has an integration with Ledger, so you can connect it with your hardware wallet and manage funds that way. Beyond that, Nova Wallet provides you easy access to other Polkadot dApps and cross-chain channels for seamless transfers.
When you hold your $CAPS in the Nova Wallet, you’ll have direct access to staking them. Stalking secures the Ternoa chain and therefore enables us to push NFT innovation. Your staking rewards will automatically accrue when you stake through the Nova Wallet. All it takes is a few clicks.
Explore it here.
Talisman Wallet
Talisman offers a browser extension crypto wallet and asset management dashboard designed for the Polkadot and Kusama ecosystems. It unlocks a new world of web3 applications while being fully EVM compatible. Talisman enables users to store, send, receive, and harness their assets across relay chains, parachains, and everything EVM.
Key Features of the Talisman Wallet:
- Simplified process for creating or adding accounts
- Streamlined fund transfers
- Native CAPs purchasing capability
- Full-screen mode for enhanced usability
- An essential lock function to safeguard accounts during inactive periods
- Compatibility across 150+ chains
Talisman’s integration with the Ternoa community elevates the user experience further by enabling seamless CAPS purchases and transfers.
Talisman Wallet now boasts an enhanced portfolio management feature. Whether you’re invested in the Polkadot or Ethereum ecosystems — spanning assets like $ETH, $DOT, $KSM, $ASTR, $MOVR, and more — you’ll find clarity in understanding your asset distribution across the existing 34 parachains and all Ethereum chains, including mainnet and L2s.
You can discover Talisman here.
Fearless Wallet
Fearless Wallet is a robust mobile wallet app developed for Kusama and Polkadot. Fearless Wallet is an advanced open-source mobile wallet application crafted for the Kusama and Polkadot ecosystems. Developed by SORAMITSU and backed by the Kusama treasury, this wallet is designed to support both iOS and Android platforms, offering users a seamless and efficient experience in the decentralized world. Fearless provides a sleek user interface and quick performance; Fearless Wallet ensures secure storage for user accounts.
Fearless Wallet users can track their $CAPS balance and send CAPS to other accounts. As well as staking Ternoa’s native token, CAPS, offering a simple and accessible way for users to accrue value from their CAPS holdings.
Fearless Wallet Features:
- Over 50 Supported Networks
- Staking Support with Reward Tracking
- Convenient Crowdloans access in two clicks
- Efficient Auto-Selection of Nodes
- Scam Warning
- dApp Signer (Experimental)
In essence, Fearless Wallet integrates security, efficiency, and an excellent UI/UX experience.
Learn more about Fearless Wallet here.
To get the most access to Ternoa’s NFT features beyond keeping track of your balance, and staking, our in-house developed Ternoa wallet is the best choice.
Ternoa Wallet
The Ternoa Wallet is a mobile app available for android and iOS that comes with native Ternoa compatibility. It’s the most comprehensive wallet to manage your CAPS as it supports not only showing your balance and transfers but also gives you ready access to dApps in the Ternoa ecosystem.
Currently, you can access Secret Stash, the biggest NFT marketplace on Ternoa, from your wallet and the MafiaFoot dApp, where you can manage your football empire. Since the Ternoa wallet supports our testnet as well as mainnet, it’s the best way for you to test out what Ternoa can do without having to commit funds just yet.
The wallet has already been downloaded more than 50,000 times on the play store alone and is highly rated by our users for its ease of use, intuitive interface, and seamless interactions.
We’re constantly working on further improving the wallet and ensuring our latest tech releases are supported. Stay tuned for the introduction of staking and Secret NFTs to our wallet.
Download the Ternoa Wallet here.
Note that this list will be expanding, so stay tuned!
FAQ
What is a wallet?
A wallet is an app or hardware device providing cryptocurrency holders with a way to save their private keys.
What is a seed phrase?
A seed phrase is a 12–24 words long random phrase that provides you a way to recover access to recover funds on-chain.
Can I use the same wallet on different apps?
Yes, you can. All it takes is your seed phrase. Usually, wallets will offer you an option to either create a new wallet from scratch or import an existing one.
How do I import one wallet into another?
Pick import an existing wallet and then follow the prompts to enter your seed phrase and get all set up.
