Connecting your wallet
Detailed instructions on connecting your cryptocurrency wallet to Minswap enable users to start trading and managing their assets.
There are many wallets in the Cardano ecosystem, and Minswap supports as many of them as possible. This includes:
With additional support for
- Metamask via Metamask Snap
- Ledger Live
- Wallet Connect
- And other customs CIP-30 compatible wallets.
If you already have a wallet created and funded with some ADA, you can visit the Minswap website, click “Connect Wallet” and choose your wallet from the list of available connections.
For all the examples in this course, we will use the Minwallet, a lightweight and compact wallet built into the Minswap DEX, making it easy for users to get started.
How to Setup A Brand New MinWallet
In this section, you will learn how to set up a brand new Cardano wallet with Minswap called MinWallet.
Total Time: 10 minutes
Click on Connect wallet
Click on “Connect wallet” to expand the wallet connection options and choose MinWallet.
Choose New wallet
Click on “New Wallet” to create a new wallet. If you already have a Cardano wallet, you can restore it now.
Read over the starting tips
Click “Next” after reading over the starting tips.
Obtain your seed phrase
In this step, you will obtain your wallet’s seed phrase. This is a unique 24-word phrase that represents your wallet’s private key. It is used to control the funds in your wallet. Ensure that this is stored securely and is never shown to other people.
Click “Reveal” to see the phrase used. Ensure you’re in a safe, secure location where no one else may see this.
Copy the seed phrase
It is good practice to copy this seed phrase offline, in a notebook, secure storage or in a secure place you can obtain and not store on your computer or online.
Once you have safely copied this down, click “Next”.
Confirm your seed phrase
In this next step, you must input the seed phrase back into the online wallet to ensure you have written it down correctly. Paste the seed phrase back into the wallet app and click next.
*Please note that the wallet in this example is for testing purposes, and it should not be accessed or restored in any situation.
Set a signing password.
Set a password for your wallet. This password is used to sign transactions on the platform and confirm the actions that are taking place.
You’re done!
Success: you have successfully created your first Cardano wallet using MinWallet. Expand the wallet menu again, and copy your address here.
This will be important as you will need to send funds to this wallet from your centralised exchange, such as Binance, to fund your wallet with ADA to be able to start participating in DeFi on Cardano.
Now that you have your wallet created and you know your receiving address.
Log in to your exchange or another wallet where you hold your ADA and send ADA to the receiving address you obtained during your wallet setup process. Your MinWallet will be funded within a few moments, and you’ll be ready to start trading.
If you prefer not to use MinWallet, we have a full course on using Eternl wallet.
