Simple Wallets

Setting up a Simple Wallet

These wallets will be deprecated soon and you will be able to use only Secure Wallets on the platform.

A Simple Wallet is automatically generated within the platform when you sign up. The private key of this wallet is securely encrypted with a Cloud HSMs and stored in our servers within our private network.

You should always take a backup of the Simple Wallets created on the platform by exporting the private key from the app and importing it into a wallet provider of your choice - for example MetaMask, Rabby Wallet, Phantom etc.

Even though we have rigorous security measures in place for protecting the Simple Wallet, you should be aware of all the risks associated with having the private key stored in any other platform.

These types of wallets are not and should not be considered self-custodial. You should treat them as disposable wallets and should be used for quick trades only. They were only intended to be used for token sniping purposes due to the fast execution speed that was required in such events.

You can create a Simple Wallet with only a single click on the app, as shown in the image below:

After you have created a Simple Wallet, an Ethereum, Solana and TON address will be generated for your wallet.

You can use the associated Ethereum address to transfer funds (ETH or ERC20 tokens) on any supported chain, and you are ready to trade with that wallet.

You can use the associated Solana address to transfer funds (SOL or SPL tokens) on Solana, and you are ready to trade with that wallet.

You can use the associated TON address to transfer funds (TON or Jettons) on TON, and you are ready to trade with that wallet.

You can manage the wallet by clicking on the Settings icon, which will show a dialog where you can rename the wallet, or export the private keys associated with that wallet and back those up into a wallet provider of your choice, like Metamask, Rabby, Phantom etc.