How to Manage a Web3 Wallet (App)?

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Managing a Web3 wallet is a foundational skill for anyone entering the decentralized world of blockchain, DeFi, and digital assets. Whether you're new to crypto or expanding your experience, understanding how to securely create, access, and manage your wallet is essential. This guide walks you through the complete process of managing a non-custodial, multi-chain Web3 wallet — from setup and backup to account management and security best practices.

The focus here is on a powerful all-in-one solution that supports seamless access to over 1,000+ DApps, cross-chain swaps via integrated DEX aggregators, DeFi yield opportunities, NFTs, and even Bitcoin Ordinals. It’s designed as a true gateway to the full Web3 ecosystem.

Step 1: Download the App

To begin managing your Web3 assets, start by downloading the official application. Make sure you're accessing a trusted source to avoid phishing or malware risks.

👉 Get secure access to the latest Web3 tools and features.

Always download directly from the official website to ensure authenticity and security. Avoid third-party app stores or unverified links.

Step 2: Create or Import a Wallet

Creating a New Wallet

Setting up a new wallet is simple and takes just a few minutes:

  1. Open the Web3 wallet section in the app.
  2. Tap Create Wallet.
  3. Set a strong password — this protects your local device access.
  4. Back up your recovery phrase (mnemonic) securely.

Your recovery phrase is the master key to your assets. Never share it, screenshot it, or store it online.

Importing an Existing Wallet

If you already have a wallet, you can import it using either your recovery phrase or private key:

  1. Select Import Wallet.
  2. Choose to import via mnemonic phrase or private key.
  3. Enter your credentials and set a password to complete the import.

Once imported, you can view and manage your assets across multiple blockchains with a unified interface.

⚠️ Security Note: The platform does not store your password or recovery phrase. If lost, there is no way to recover them. Always keep both offline and encrypted.

Step 3: How to View and Backup Your Recovery Phrase or Private Key

To access your backup options:

Here, you can:

💡 Important: One mnemonic phrase controls all derived wallets across 70+ public blockchains. This means backing up a single phrase gives you full control over all associated accounts.

For private keys:

Store backups in fireproof safes, metal seed phrase plates, or encrypted offline storage — never in cloud notes or emails.

Step 4: Creating New Accounts

You can create multiple accounts under a single wallet for better organization — such as separating DeFi investments, NFT collections, or trading funds.

To add a new account:

  1. From the home screen, tap your current wallet name.
  2. Go to Wallet Management.
  3. Select the parent wallet (e.g., Wallet A).
  4. Tap Add Account.

These are called derived accounts, all controlled by the same recovery phrase. For example:

You can also rename accounts for clarity:

🔒 Note: Accounts created via private key import do not support adding new accounts. Only wallets created with a recovery phrase allow derivation.

Step 5: Renaming Wallets and Accounts

Personalizing names helps avoid confusion when managing multiple assets.

Steps:

  1. Tap your wallet name on the homepage.
  2. Go to Wallet Management.
  3. Select the wallet or account you want to rename.
  4. Click the edit button and enter a new name.
  5. Confirm changes.

Use descriptive labels like:

This improves clarity, especially when switching between chains or strategies.

Step 6: Removing Wallets or Accounts

Due to the immutable nature of blockchain, you cannot delete an account from the network — but you can remove it from your app interface.

For Derived Accounts (Created via Mnemonic)

Since all derived accounts share one recovery phrase, removing one account locally doesn’t affect others — but if you remove the entire wallet, you’ll need to re-import it using the mnemonic.

To remove:

  1. Tap wallet name → Wallet Management.
  2. Find the account → tap the red Remove button.
  3. Confirm deletion.

After removal, assets remain on-chain and can be restored anytime with the recovery phrase.

For Privately Imported Wallets

Wallets added via private key:

👉 Discover how to organize and secure multiple blockchain identities efficiently.

Frequently Asked Questions (FAQ)

Q1: What is a non-custodial wallet?

A non-custodial wallet means only you control your private keys and recovery phrases. No third party — including the service provider — can access or freeze your funds.

Q2: Can I recover my wallet if I lose my phone?

Yes! As long as you have your recovery phrase, you can restore your wallet on any device, anywhere in the world.

Q3: Is it safe to use one recovery phrase for multiple chains?

Yes — modern HD wallets use standardized derivation paths to securely generate addresses across different blockchains using a single mnemonic. This is both convenient and cryptographically sound.

Q4: What happens if I forget my password?

Your password only locks local access. You can still recover your wallet using your recovery phrase — but without it, access is permanently lost.

Q5: Can I track my portfolio value in fiat?

Yes. The wallet includes a fiat valuation feature, showing real-time USD (or other fiat) equivalents for each wallet and account balance.

Q6: Why can’t I delete individual derived accounts?

Blockchain accounts exist permanently on the network. You can only hide them locally. True deletion isn't possible — but removing them from view keeps your interface clean.

Final Tips for Secure Web3 Wallet Management

With these steps, you’re well-equipped to manage your digital assets securely and efficiently across the evolving Web3 landscape.

👉 Start exploring decentralized finance, NFTs, and cross-chain trading today — all in one secure environment.