Why do I need a Solana wallet?
Like a regular wallet stores physical currency when you’re not using it, a cryptocurrency wallet is a place to store your digital currency. Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin, Ethereum, Solana and MMaps.
To receive, hold or send any MMaps you will need to create a Solana wallet. Solana is a low fees, low latency first layer blockchain, and MapMetrics is build on top of this blockchain.
Solflare is a Solana-specific all-in-one digital wallet that allows you to store, stake, exchange, and send your tokens, accessible as a mobile and desktop application, and a browser extension.
Because it’s a Solana non-custodial digital wallet, which means that the Solflare team has no authority over your money.
Our 7 step guide to create your own wallet
- Download Solflare Wallet Extention to Chrome
- Click on the Solflare Wallet Extension
- Click on “Create a New Wallet”
- Create New Password for your Wallet
- Store your Mnemonic or Keyword recovery phrases
- Fill out your Mnemonic or Keyword recovery phrases
- Use Solflare
Step 1: Download Solflare wallet extension to Chrome
First you need to install the Solflare Wallet Extension on your Chrome browser which is required to install the Solflare Wallet. If you don’t already have a Chrome browser, you can download it for free via this link: https://www.google.com/chrome/
To install the Solaflare Wallet as an extension you can go to this link: https://solflare.com/
Look for the “ADD TO CHROME” button at the bottom of the page.
By clicking on “ADD TO CHROME”, you will be taken to the Solflare Wallet Chrome Extension page.
Or by going to: https://chrome.google.com/webstore/detail/solflare-wallet/bhhhlbepdkbapadjdnnojkbgioiodbic
You can immediately access the Solflare Wallet Chrome Extension page.
You can add your Solflare Wallet Extension to your Chrome browser by clicking the “Add to Chrome” icon in the top right corner of the website
Step 2: Manage your Solflare Wallet Extension
Now that you’ve added the Solflare Wallet Extension to Chrome, you’ll need to open it to use it.
To see a list of extensions you’ve already installed, go to the top right corner of your Chrome browser and click the puzzle icon.
Scroll to the bottom of the page until you see the “Solflare Wallet” addon. Instead of clicking the puzzle button, click the pin icon to pin the Solflare Wallet to the Chrome Toolbar so you can access it without having to click the puzzle icon again.
Click the Solflare Wallet extension icon on the Chrome toolbar to open Solare Wallet.
Step 3: Create a New Wallet
When you click on the Solflare Wallet Extension, a new window appears that guides you through the process of creating a new Solflare Wallet.
The first step “Create a new wallet”
Step 4: Create a new password for your Wallet
A new password has to be created in order to construct a Solflare wallet. Fill in the new password and the repeat password section, the Solflare wallet will be protected with this password.
Keep this password in a safe place!
After you’ve finished generating your password, click “next” to move on to the next stage.
Step 5: Store your Mnemonic
You have been given recovery phrases once you have created your password. You’ll need the recovery words displayed on your screen to get into your Solflare wallet. By clicking the “Copy to Clipboard” button, you can copy your Recovery phrases.
Store your recovery phrases in multiple safe places and make sure that you are only one access to the place. If someone else can access these codes they are also able to gain access to your wallet, be aware of the risk!
By selecting “Download Backup,” you may also download your recovery or mnemonic phrases. The backup of your recovery phrases will be available in the Download folder, and you should save them in a safe location.
DO NOT FORGET to save your mnemonic or recovery phrases, you need them to access your wallet.
After completing all the steps you can click on the “I Wrote Down My Mnemonic” button and move on to the next step.
Step 6: Fill in your Mnemonics
This is the last step in creating your Solflare Wallet.
You must fill in the blank boxes on the appropriate positions in right order.
To do so, look over the Mnemocis sentences that were saved during the previous step.
Each word must be filled in correctly, even minor typos will prevent you from verifying the wallet.
After you’re done click on “Verify.”
Step 7: Start Using Solflare
After you have completed the verification process. You can see the Solflare Wallet Page as shown in the image below.
This indicates that you have created a Solflare Wallet successfully.You can now transfer Solana to your Solflare wallet.
You have created a Solflare wallet successfully. Make sure your backup phrases are kept safe and secure (preferred somewhere without access to the internet).
Never let anyone else know what your backup phrases are. Anyone who knows your backup phrases can access your entire wallet and is able to transfer the coins/tokens.
Keep a copy of your backup phrases in several locations to avoid losing them. Solflare will not be able to restore your recovery words if you forget them.