The decentralized world, built on blockchain technology, has seen explosive growth. From the "DeFi Summer" of 2020 to the "NFT Summer" and "GameFi wave" of 2021, this space has generated significant wealth-creation opportunities.
However, with assets spread across different blockchain networks, managing and tracking them can be challenging. Additionally, the surge in NFT activity has driven up gas fees, making it difficult for many users to participate. Is there a single, unified entry point that offers low barriers to entry while enabling efficient asset management?
The answer is yes. The OKX Web3 Wallet is designed to provide a comprehensive and powerful all-in-one service for users within the decentralized ecosystem, supporting deep engagement with decentralized applications and protocols.
What Is the OKX Web3 Wallet?
The OKX Web3 Wallet is a non-custodial, decentralized, multi-chain wallet. It features a built-in multi-chain and cross-chain decentralized exchange (DEX), an on-chain investment tool called Yield (for Web3 earning), and an aggregated multi-chain NFT marketplace. Users can seamlessly access 1,000+ decentralized applications (DApps) through the wallet, making it a true gateway to the Web3 ecosystem.
Key benefits of using the OKX Web3 Wallet include:
- Full control and ownership of your assets.
- Faster withdrawal speeds compared to centralized exchanges, with no approval wait times.
- A single seed phrase to generate wallets across multiple chains, allowing you to manage assets on 40+ major networks including Ethereum, OKTC, BSC, and Polygon. It also supports importing multiple seed phrases and derived addresses.
- Availability on iOS, Android, and web browsers.
The decentralized nature of this wallet means you have complete responsibility for your assets' security. It is crucial to:
- Back up your seed phrase or private keys immediately. Losing them means permanent loss of access to your assets.
- Set a strong password and store it securely. Decentralized wallets do not store your password and cannot recover it for you.
- Remain vigilant against fraud and phishing attacks.
- Exercise caution when clicking links or downloading new software.
Furthermore, the OKX Web3 Wallet has undergone a private key security audit by Slowmist. The wallet does not store your password, seed phrase, or private keys, and it never transmits this information to external servers.
As the blockchain space expands from single-chain to multi-chain ecosystems, the OKX Web3 Wallet allows you to navigate networks like Ethereum, Arbitrum, OKTC, BSC, and Aptos effortlessly. It eliminates the hassle of creating separate wallets for different public chains and managing multi-chain assets, providing a single solution for all your Web3 needs.
How to Set Up Your OKX Web3 Wallet
Before using the OKX Web3 Wallet, you must first create or connect a Web3 wallet. This browser-based tool allows you to manage virtual assets, authorize participation in DeFi and NFT projects, view assets, send and receive tokens, connect to DApps, and add or switch networks.
Creating a New Wallet
1. Creating a Wallet in the Mobile App
- Log in to the OKX App and tap on the 【Web3 Wallet】 option at the top of the homepage.
- Select 【Create a new multi-chain wallet】 and choose the 【Seed phrase】 creation method.
- A pop-up will prompt you to 【Set a password】. Create and confirm a secure password.
- Carefully record the wallet's seed phrase and verify it to complete the setup.
Remember, this seed phrase is the only way to recover your wallet and assets. It is strongly advised to write it down on paper and store it securely. Never share your seed phrase with anyone under any circumstances.
2. Connecting a Wallet on the Web Version
Installing the Browser Extension
- Using Google Chrome or another supported browser, visit the OKX official website.
- Click 【Web3 Wallet】 at the top, then click 【Connect Wallet】 in the upper-right corner.
- Choose 【Install plugin wallet to browser】 and click to download the extension.
- After installation, click the extension icon and select 【Create a new multi-chain wallet】.
- Create a secure password for the extension.
- Follow the instructions to back up your seed phrase: click 【Back up now】, write down the words, click 【I have recorded them】, and then verify the phrase. Again, safeguard this phrase meticulously.
- Once completed, the wallet's asset homepage will be displayed. Return to the OKX website, click 【Web3 Wallet】, and in the connection options, select 【Plugin端錢包】 under 【OKX Wallet】.
- A 【Connect account】 pop-up will appear from the OKX Wallet; click 【Connect】 to link your newly created wallet and enter the Web3 world.
Scanning a QR Code with Your App
- If you have already created a Web3 wallet within the OKX App, you can connect it to the web version.
- On the OKX website, click the 【Connect Wallet】 button.
- In your OKX App, navigate to the Web3 wallet section and tap 【Scan】.
- Scan the 【OKX App QR code】 displayed in your browser and confirm the connection to access the web-based wallet homepage.
Note: OKX also offers a keyless wallet option, which provides security without requiring users to manage seed phrases or private keys, featuring an emergency exit function for enhanced safety.
Managing Your Assets
To deposit assets into your Web3 wallet:
- Click 【Receive】 within the wallet interface.
- Select the cryptocurrency you wish to deposit.
- Copy the generated wallet address.
- Paste this address into the withdrawal field on the platform or wallet you are sending from.
To send assets out of your wallet:
- Click 【Send】 and follow the on-screen instructions to complete the transaction.
Beyond basic asset management, the OKX Web3 Wallet provides integrated access to decentralized trading, earning opportunities through Yield, NFT marketplaces, and a DApp discovery browser, enabling you to fully explore the decentralized ecosystem.
Frequently Asked Questions
What is a non-custodial wallet?
A non-custodial wallet gives you sole control over your private keys and, therefore, your assets. Unlike custodial wallets offered by some exchanges, the service provider does not hold your keys and cannot access your funds. This emphasizes the importance of personal security practices.
How do I ensure my seed phrase is secure?
Always write it down on physical paper and store it in multiple secure locations, like a safe or safety deposit box. Never store it digitally as a plaintext file, screenshot, or email, as these are vulnerable to hacking. 👉 Learn more about advanced security practices
Can I use one wallet for all blockchains?
Yes, the OKX Web3 Wallet is multi-chain, meaning a single seed phrase can generate addresses and manage assets across dozens of different blockchain networks, simplifying your Web3 experience.
What should I do if I forget my wallet password?
Since the wallet is non-custodial, the password cannot be recovered by anyone. However, your seed phrase is the ultimate key. You can use it to restore your wallet and set a new password on a new device or in the wallet interface.
Are there fees for using the Web3 wallet?
The wallet itself does not charge fees for holding assets. However, you will need to pay standard network gas fees (in the native cryptocurrency of that chain, like ETH or BNB) for any on-chain transactions, such as sending tokens or interacting with smart contracts.
Is the OKX Web3 Wallet safe?
The wallet has undergone professional security audits. Its keyless option offers a novel approach to security. Ultimately, safety also depends on user behavior: guarding your seed phrase, using strong passwords, and being aware of phishing scams are critical.