Solana Wallets

Quick thread to answer some common questions on the basics of Solana wallets.

👇 (1/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: In today's Solana landscape, @phantom and @solflare_wallet are the market leaders for wallet software, so this will focus on those two offerings. Have to give a shoutout to the OG though, @solletio - AFAIK the only OS wallet and still the best BTC bridge into SOL.

(2/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: Both @phantom and @solflare_wallet can be installed as browser extensions, which is how the majority of users access them in order to interact with dApps.

I'm not going to link them here, because you should be grabbing these from to the official twitters & websites!

(3/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: A wallet uses a Private Key to sign transactions on the blockchain. Think about your Private Key like the key to a safe - you don't want anyone else to have a copy!

(4/x)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: When you install a wallet app and create a wallet from scratch, you will be prompted to save a 'Seed Phrase'. This seed is used by the computer to generate Private Keys in a deterministic manner. So your Seed Phrase is like the key to a safe holding all your other keys!

(5/15)

</aside>

                    -> Private Key 1

Seed Phrase -> Private Key 2 -> Private Key 3 .... -> Private Key n

(6/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: See how important that Seed Phrase is? Keep it secret, keep it safe! Write it down by hand and lock it away - you can use this to recover your accounts if your computer dies or something. Don't take a photo, or save to your Dropbox - these are security risks!

(7/15)

https://pbs.twimg.com/media/FZqYJ1RUsAA_H_U.png

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: As an important aside, I'd recommend anyone holding significant value use a @Ledger or @KeystoneWallet - these hardware devices work in conjunction with browser wallets to provide a significant security upgrade by keeping seeds and signatures on a separate, secure device.

(8/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: (Aside cont'd) Currently Ledger works with both Phantom and Solflare, while Keystone has partnered with Solflare .

(9/15) twitter.com/KeystoneWallet…

<aside> <img src="https://pbs.twimg.com/profile_images/1348508385830866950/YTLgQFR1_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1348508385830866950/YTLgQFR1_400x400.jpg" width="40px" /> Keystone @KeystoneWallet: Keystone has officially partnered with @solflare_wallet now！

The new M-6.0 firmware enables users to connect their Keystone wallet with the Solflare Extension as a companion wallet. ( PS: Solflare mobile app integration is coming soon! )

#Keystone #Solflare #Solana

https://pbs.twimg.com/media/FVOA4ARUsAEhfgf.png

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: Once you've generated a seed, the wallet will use it to make a Private Key, and private key to generate a Public Key. This is the address you use to send tokens to and from. If you look this up on an explorer like @solscanofficial, you'll see balances and account info.

(10/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: So you've got a wallet with a fresh Public Key, you've loaded up some Sol from an exchange, ready to be a d̶e̶g̶e̶n̶e̶r̶a̶t̶e̶ investor, right?

Actually, yes, its that easy. But some basic security goes a long way to keep your assets secure.

👇 (11/15)

https://pbs.twimg.com/media/FZqYKsaVQAAnn3d.png

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: When interacting with dApps, every time you click approve, you are giving permission for Something to happen. An NFT or Token transfer, staking contract, loan, etc these all are transactions.

Unfortunately, bad actors can try to hide malicious code in these transactions.

(12/x)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: As a general rule, don't interact with anything in your 'main' wallet - where most of your valuables are. New wallets are free! Generate a new one, transfer some SOL/tokens, then interact.

Ideally, your 'main' wallet ONLY sends and receives from your other wallets!

(13/15)

</aside>

Separate thread to come on some good practices with hardware wallets...

(14/15)

</aside>

<aside> <img src="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" alt="https://pbs.twimg.com/profile_images/1552840194470051840/qGdQkRM3_400x400.jpg" width="40px" /> birb @mulletmusketeer: If I've gotten anything wrong make some noise - the more people we help to be safe and secure in the ecosystem, the more we all benefit.

(15/15)

</aside>