In the digital age, where privacy and security are paramount, Trust Wallet offers a robust solution for storing various cryptocurrencies, including SelfKey. SelfKey is a blockchain-based identity platform that provides individuals and companies with full ownership of their digital identity. This guide will walk you through the process of Add SelfKey to Trust Wallet, enabling you to manage your digital assets securely and efficiently.
What Is SelfKey?
SelfKey is a decentralized identity system that allows users to own, control, and manage their digital identity. At the heart of SelfKey’s ecosystem is the KEY token, which facilitates transactions within the SelfKey Marketplace, including services like opening a bank account remotely, incorporating a company, and purchasing citizenship by investment. The SelfKey wallet lets users store their identity documents securely and share them with relying parties without relinquishing control.
How To Add SelfKey to Trust Wallet
Step 1: Install and Configure Trust Wallet
To begin, download and install Trust Wallet from the App Store or Google Play. Open the app and follow the prompts to create a new wallet. Remember to securely back up your recovery phrase during the setup process. This phrase is crucial for accessing your funds if you ever change devices or forget your password.
Step 2: Utilize the Wallet’s ‘Receive’ Function
Once your Trust Wallet is set up, navigate to the main wallet screen and select the ‘Receive’ option. This function generates a wallet address or QR code that you can use to receive SelfKey tokens. Keep this address handy for the next steps.
Step 3: Locate SelfKey
Within Trust Wallet, tap on the “+” sign in the upper right corner to open the token search feature. Type “SelfKey” or “KEY” in the search bar. If SelfKey is listed among the supported assets, it will appear in the search results. Enable it by tapping the switch next to the token name, adding it to your main wallet screen.
Step 4: Manual Addition of SelfKey (If Required)
If SelfKey does not automatically appear in the search results, you may need to add it manually. This requires the SelfKey contract address, which can be found on the SelfKey website or reputable crypto data providers like CoinMarketCap or CoinGecko. To manually add SelfKey to Trust Wallet:
- Tap the “+” sign and select ‘Add Custom Token’.
- Switch the network to Ethereum, as SelfKey is an ERC-20 token.
- Enter the SelfKey contract address, and the app will automatically fill in the token name, symbol, and decimals.
- Confirm by tapping ‘Save’.
Step 5: Acquiring SelfKey Tokens
You can acquire KEY tokens through cryptocurrency exchanges that list SelfKey. After purchasing, withdraw the tokens to your Trust Wallet by using the ‘Receive’ address you generated earlier. Ensure you’re withdrawing ERC-20 tokens and that you’ve selected the correct network to avoid losing your assets.
Step 6: SelfKey Tokens Management
With KEY tokens in your Trust Wallet, you can manage them alongside your other cryptocurrencies. Trust Wallet allows you to send KEY to other addresses, participate in token swaps, and even access decentralized applications (dApps) directly through the app. Managing your KEY tokens within Trust Wallet keeps them secure while still readily accessible for transactions within the SelfKey ecosystem.
Can I add SelfKey to Trust Wallet?
Yes, adding SelfKey (KEY) tokens to Trust Wallet is a straightforward process, whether the token is automatically recognized by the app or needs to be added manually using its contract address.
About SelfKey
SelfKey stands at the forefront of decentralized identity solutions, offering individuals and organizations a secure, efficient way to manage their digital identities. With the KEY token underpinning transactions within the SelfKey Marketplace, users gain access to a wide range of identity-related services, fostering a more secure and privacy-centric online world.
Conclusion
Adding SelfKey to Trust Wallet empowers users to take control of their digital identities and participate in the evolving landscape of identity management on the blockchain. By following the steps outlined in this guide, you can securely store, manage, and use your KEY tokens, accessing the myriad of services within the SelfKey ecosystem directly from your Trust Wallet.