Update: We would like to inform you about an important change to our Web3 wallet service.
After careful consideration, we have decided to phase out the Web3 wallet to focus on enhancing our core services. The Web3 wallet will no longer be available after November 30, 2024.
Note: The Information below this line is no longer updated.
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What is a Web3 Wallet?
A Web3 wallet serves as a gateway to the decentralized web, allowing users to send and receive cryptocurrencies, interact with decentralized applications (dApps), and manage digital assets securely. The Coins.ph Web3 wallet is built on Multi-Party Computation (MPC) technology, ensuring that private keys are never exposed or stored in one place, thus enhancing security.
Key Features of the Coins.ph Web3 Wallet
- Decentralized Control: Users have sole ownership of their private keys.
- Enhanced Security: Utilizes MPC technology to protect assets.
- User-Friendly Interface: Designed for ease of use within the Coins app.
- Passcode Recovery: Users can reset their passcode without losing access to their assets.
Steps to Create Your Web3 Wallet
Follow these simple steps to create your Web3 wallet through the Coins app:
- Open the App: Launch the Coins.ph app and navigate to the Discover tab.
- Select Web 3 Option: Click on the Web 3 option.
- Create a Passcode: Enter a unique passcode that is at least 8 characters long, containing both numbers and special characters.
- Complete Setup: After creating your passcode, you will be able to view and manage supported tokens under the Web3 tab.
Important Notes
- The Web3 feature is not available on the web; it can only be accessed through the mobile app.
- Ensure you withdraw any remaining funds from your Web3 wallet before it becomes inaccessible after November 30, 2024.