This guide will walk you through the process of Add Celer Network to Trust Wallet, a leading layer-2 scaling platform that facilitates fast, easy, and secure off-chain transactions for not only payments but also generalized off-chain smart contracts, to Trust Wallet. Trust Wallet, recognized for its wide compatibility with various cryptocurrencies including ERC-20 tokens, provides a secure platform for storing, managing, and engaging with your Celer Network tokens. By following this detailed guide, you’ll learn how to successfully incorporate Celer Network into your Trust Wallet.
What Is Celer Network?
Before diving into the addition process, let’s briefly understand what Celer Network is. Celer Network aims to enable scalable and decentralized applications through an innovative layer-2 scaling technology. Its native token, CELR, is utilized within the network for transaction fees, staking, and various services. The platform focuses on reducing latency and enhancing the performance of the blockchain, making it a pivotal component in the development of decentralized applications (DApps).
How To Add Celer Network to Trust Wallet
Step 1: Install and Configure Trust Wallet
Your first step is to install Trust Wallet on your mobile device. Trust Wallet is available for both iOS and Android platforms and can be downloaded from the respective app stores. Once installed, follow the on-screen instructions to create a new wallet or import an existing one. Remember to securely back up your recovery phrase, as it’s essential for accessing your wallet if you lose access to your device.
Step 2: Utilize the Wallet’s ‘Receive’ Function
To prepare for receiving Celer Network tokens, you’ll need to find your wallet’s receiving address. Open Trust Wallet, tap on the “Receive” button, and search for Ethereum, as Celer Network’s CELR is an ERC-20 token. Copy the Ethereum receiving address, as this will be used to receive CELR tokens.
Step 3: Locate Celer Network
Celer Network might not automatically appear in your Trust Wallet’s token list. To find it, tap on the icon in the top-right corner and search for “Celer Network” or “CELR.” If the token is listed, you can easily enable it to appear in your wallet. If it’s not listed, you’ll need to manually add it as described in the next step.
Step 4: Manual Addition of Celer Network (If Required)
If Celer Network is not pre-listed in Trust Wallet, you can add it manually by:
- Tapping on “Add Custom Token.”
- Changing the network to Ethereum, given that CELR is an ERC-20 token.
- Entering the contract address for Celer Network. This information can be found on the official Celer Network website or reputable crypto asset tracking platforms.
- Filling in “Celer Network” for the name, “CELR” for the symbol, and setting the decimals (usually 18). After completing these steps, Celer Network will be added to your Trust Wallet.
Step 5: Acquiring Celer Network Tokens
To acquire Celer Network tokens, you can buy them on a cryptocurrency exchange that lists CELR. Once purchased, withdraw the CELR tokens to your Ethereum address in Trust Wallet. Ensure to select ERC-20 as the transfer network to guarantee the successful transfer of your tokens.
Step 6: Celer Network Tokens Management
With Celer Network tokens in your Trust Wallet, you can now manage them directly within the app. Trust Wallet enables you to view your CELR balance, send tokens to other addresses, and use Celer Network for transactions and trades on decentralized exchanges (DEXs) or within the broader Ethereum ecosystem.
Can I Add Celer Network to Trust Wallet?
Yes, adding Celer Network to Trust Wallet is straightforward following the steps outlined in this guide. Trust Wallet’s extensive support for ERC-20 tokens, including CELR, makes it an ideal platform for securely managing your digital assets.
About Celer Network
Celer Network represents a significant advancement in blockchain technology, providing a layer-2 scaling solution that enhances transaction speed and efficiency. The CELR token is integral to this ecosystem, facilitating transaction fees, staking, and governance within the Celer Network.
Conclusion
Adding Celer Network to Trust Wallet is a simple process that empowers you to securely manage your CELR tokens. Whether you’re participating in the Celer Network ecosystem, holding CELR as an investment, or using it for transactions, Trust Wallet provides a convenient and secure platform for all your digital asset needs. Always ensure to follow best practices for security and conduct thorough research when participating in the cryptocurrency market.