What is a Cardano wallet
If you're unfamiliar with cryptocurrency, you might be curious about what a Cardano wallet is, its ease of acquisition, and whether any purchases are necessary to obtain one. Let's find out.
A Cardano wallet is a unique identifier used to receive, access, and store your crypto. It has a unique public address used to receive your crypto; this can be freely shared as it's impossible to access your crypto just with your public address. To access your crypto, you need a private key: this must be kept secret to ensure a secure Cardano wallet.
Crypto wallets come in many forms. Most software wallets can be downloaded for free as mobile apps or browser extensions. Hardware wallets, on the other hand, have to be purchased in most cases. The important thing, however, is that they all work the same: a free Cardano wallet will store your ADA just as well as a hardware wallet.
At Paybis, we've built an online Cardano wallet for people who want ease of use without compromising on security - read more about risks of custodial wallets and how Paybis addresses those risks.
Sounds good? Read on to find out how to get one!
Opening your Cardano wallet
All you need to get your free ADA wallet is a Paybis profile. Log in or click here to create one – it only takes a few minutes.
The rest is as simple as 1-2-3:
Hit the “Wallets” tab or “Open wallet” button;
Select “Add wallet” from the upper right corner;
Pick “Cardano'' from the dropdown menu.
And that's it – you now have a fully fledged ADA wallet! Now, let's see what you can do with it.
Using your ADA wallet
Of course, the first thing you can do with your wallet is to add some crypto to it. To add ADA from an external source, select the "Deposit" option, or you have the alternative to purchase ADA directly through our crypto exchange and into the Paybis Wallet. Note, however, that ADA purchases are not available in the UK.
You can also send your ADA to another wallet – there are no additional withdrawal charges and you only have to cover the standard blockchain fees.
If you want a safe place to store your crypto – check out our article detailing our security features & how we address custodial risks!
Now you know what is a Cardano wallet and what makes our wallet special. Simple, safe and absolutely free – we hope you find it useful. Sign up now to see it for yourself!
