To explore the Web3 space, you need a good crypto wallet that allows you not only to store digital assets but also to use decentralized apps. This article focuses on the Keplr, a wallet that lets crypto users explore the Cosmos ecosystem, which comprises several dApps and tokens. Read on to learn how Keplr works and how to get started.
Exploring Keplr
Boasting over 1.1 million users, Keplr is a popular crypto wallet launched in 2021 by blockchain company Osmosis. Its innovative features have made it a top choice among Cosmos users.
Keplr is non-custodial, meaning users are responsible for maintaining their wallets’ private keys. Along with Cosmos, the wallet supports other chains like Kava, Secret Network and Kava.
Keplr doesn’t just store tokens. It comes with several features that users find useful. For example, it has a staking functionality and a dApp browser, which allows users to interact with multiple decentralized apps. Additionally, you can integrate your hardware wallet, such as Ledger Nano S, into Keplr.
Keplr Wallet’s Main Features
User-friendly Interface
Keplr strives to be as beginner-friendly as possible. That’s why it comes with a simple user interface that makes it easy for users to manage their portfolios. It also has a feature for facilitating crypto purchases through credit/debit cards. With the Keplr wallet user interface, you can easily stake, re-stake, and claim staking rewards.
Security Measures
Since Keplr employs an encrypted seed phrase, user safety is guaranteed. Moreover, the wallet’s code is now open source to let anyone audit and identify vulnerabilities.
Supported Crypto Assets
All tokens built on the Cosmos blockchain can be stored in Keplr. In addition, the wallet’s support for Inter-Blockchain Communication facilitates the easy transfer of digital assets between various blockchains.
Customer Support
As a beginner-friendly wallet, Keplr gives new users access to tutorial videos to help them understand how to navigate the app. It also has a live chat functionality that allows users to talk directly to a customer support representative.
Pros and Cons of Keplr Wallet
Like any other wallet, Keplr comes with its own upsides and downsides. Let’s take a look at them.
Pros
- Keplr supports crypto staking, allowing users to earn passively.
- You can store multiple digital assets like Cosmos, Kava, and Juno.
- The wallet is non-custodial, thus giving you complete control.
- You can buy several NFTs within the wallet.
Cons
- Keplr isn’t compatible with popular blockchains like Ethereum and Bitcoin.
- The wallet does not run on all browsers. For instance, you cannot use it on the Safari browser.
A Step-by-Step Guide to Setting Up Keplr Wallet
Before showing you how to set up Keplr, it is important to mention that the wallet comes as a browser extension and a mobile app. For the purposes of this guide, we’ll show you how to get started with the Keplr’s browser extension. Here are the steps to follow:
Step 1: Visit the Keplr official website (keplr.app) to download and install the wallet’s browser extension, which runs on browsers like Brave, Chrome, and Edge.
Step 2: Upon successful installation, open the browser extension to create a new Keplr wallet. To do this, hit the “Create a New Wallet” button.
Step 3: Complete setting up a recovery method by noting down and confirming the generated seed phrase.
Step 4: Once you have a recovery method, Keplr will give you access to your new wallet, and you can now select all the networks you want to appear on the homepage.
Step 5: Link your wallet to Keplr’s mobile app. You can do this by scanning the QR code provided in the wallet.
Sending and Receiving Digital Assets
Sending crypto assets on the Keplr wallet is a straightforward process. First, you need to pick the blockchain you want to use, specify the transaction amount and then hit “Send.” Note that you can choose the network fees you want to pay. If you wish your transaction to be completed faster, pick a higher fee. To receive crypto in your Keplr wallet, simply share with the sender your wallet address.
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