What is a wallet?
A crypto wallet provides an intuitive and easy-to-use interface for you to manage your cryptocurrency balances. It securely stores your private and public keys, which give you access to your cryptocurrencies, allowing you to perform specific actions such as sending and receiving cryptocurrency.
What types of wallets are available?
Hardware wallets are devices that individually handle public addresses and keys offline, increasing the security of your funds. It doesn’t need a battery and can be connected to a PC and accessed via native desktop apps.
Desktop wallets come as software available for the most popular operating systems. They are known as hot wallets requiring an internet connection to function. Desktop wallets tend to be easy to use and allow you to manage your funds via Windows, macOS or Linux.
Some wallets support a mobile application which allows you to access and manage your funds from anywhere.
Web wallets are the most common and can be accessed via web browsers and are often in the form of browser extensions. Once downloaded, they let you interact with your account and applications through your browser.
How to set up your Keplr wallet (native CUDOS)
View our step by step guide here
Step 1: Install MetaMask browser extension
As a first step, you need to install MetaMask, set up your wallet and select the “Ethereum Mainnet” network as your main network as shown in the picture below:
Step 2: Get ETH
It is important to note that you must have some ETH within your MetaMask account to pay for transaction fees and to bridge your ERC-20 holdings from the Ethereum network to the Cudos network. For options on how to purchase ETH please vist the Get ETH page.
You can buy and sell your ERC-20 CUDOS, and provide liquidity to DEXs like Uniswap, which earns you LP rewards (but comes with it’s own risks, see IL). CoinMarketCap and CoinGecko provide a full list of where you can purchase and sell your ERC-20 CUDOS.
You cannot stake using your ERC-20 holdings. To stake, you must transfer from the Ethereum network to the Cudos network using the Cudos Bridge.
The Cudos Bridge also allows you to transfer your ERC-20 Cudos holdings from Ethereum to Cudos. Once you have bridged your ERC-20 holdings, you can stake via the Cudos dashboard.
To complete the bridging transfer to the Cudos network and earn rewards from staking, you will need to set up a Keplr wallet.
To migrate your CUDOS (ERC-20) from your MetaMask wallet (ERC-20) to your keplr wallet, you will need to do this via the Cudos Bridge. The Cudos bridge allows you to transfer your Cudos between the Ethereum and Cudos network.
- Simply set your ‘transfer from’ to Ethereum and connect your MetaMask wallet.
- Set your ‘transfer to’ to Cudos and connect your Keplr wallet.
- Click ‘begin new transfer’ and proceed to the next screen, where you can choose the amount of Cudos you want to transfer.
- Click ‘transfer’ and approve all transactions that pop up to begin bridging your Cudos between networks.
- Your ERC-20 CUDOS has now been migrated to our native Cudos, which you can now use for staking.