How To Setup A Bitcoin Wallet
Excited to explore the realm of the GLOOMERS Bitcoin Ordinals collection? To engage fully, you'll require a Bitcoin wallet, and Xverse wallet simplifies this process. Let's guide you through the steps:
Understanding Bitcoin Wallets
Before we delve into the setup process, let's grasp the essence of Bitcoin wallets. These wallets store your private and public keys, allowing you to access and manage your Bitcoin (BTC) and Bitcoin native assets. Your wallet essentially acts as your digital bank account for your cryptocurrency transactions.
Introducing Xverse
Xverse is a non-custodial Bitcoin wallet, offering you complete control over your assets. It provides a secure platform to buy, send, receive, and manage your cryptocurrency, available both as a mobile app and a Chrome browser desktop extension. Xverse supports Bitcoin, Ordinals, Runes, BRC-20s, Stacks NFTs & SIP-10 tokens.... but for the sake of The Gloomiverse we will focus on Bitcoin and Ordinals.
Step-by-Step Guide to Creating Your Xverse Wallet
Now, let's dive into the process of setting up your Xverse wallet in five simple steps:
Download Xverse: Visit the official Xverse website https://www.xverse.app/ and click 'Download' to access the app on iOS or Android. Alternatively, install the Xverse Chrome browser extension for desktop use.
Create a New Wallet: Open Xverse and select 'Create a new Wallet.' Xverse, being non-custodial, respects your privacy and won't require personal information.
Back Up Your Wallet: Secure your wallet by obtaining the 12-word secret recovery phrase provided by Xverse. Store this phrase offline in a safe location for future use.
Choose a Security Mode: Enhance your wallet's security by selecting either a Biometric/PIN or a Password. Ensure your chosen password is strong and unique.
Fund Your Wallet: You have two choices to fund your wallet. You can either purchase BTC from a reputable centralized exchange (CEX) like Coinbase and transfer it to your Xverse wallet, or you can buy BTC directly from Xverse. Simply access the 'Buy' option and choose "BTC" to acquire Bitcoin and deposit it straight into your Xverse wallet. Xverse effortlessly integrates with services such as Moonpay or Transak, ensuring a smooth purchasing experience.
Exploring Your Xverse Wallet
One standout feature of Xverse is its distinction from Ethereum in how it handles cryptocurrency and NFT storage. Unlike Ethereum, where both your cryptocurrency and NFTs reside in the same address, Xverse segregates your BTC and other assets. To access your addresses, simply click the 'Receive' button. You'll notice three distinct addresses displayed: one for Bitcoin, another for Ordinals, Runes & BRC-20s, and a third for Stacks NFTs and SIP-10 tokens. When funding your wallet, direct BTC to your Bitcoin address. Conversely, when teleburning your Gloomer, utilize your Ordinals address, designated for storing your Gloomer. Example shown below of your different wallet addresses.
Join the GLOOMERS Bitcoin Ordinals Collection
With your Xverse wallet set up, you're now ready to participate in the exciting GLOOMERS Bitcoin Ordinals collection if you choose to teleburn your Gloomer from OP to Bitcoin.
Remember to keep your wallet credentials safe and never share your seed phrase or private key with anyone.
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