Setting Up Your Wallet

Setting Up Your Wallet and Connecting to Minswap

To begin using Minswap, you'll need a Cardano-compatible wallet. Minswap supports a variety of wallets, including:

• MinWallet

• Nami

• Eternl

• Yoroi

• Lace

• Flint

• Typhon

• GeroWallet

• Vespr

• Begin

• Tokeo

• Metamask (via Snap)

• Ledger Live

• WalletConnect

• Other CIP-30 compatible wallets

For this course, we'll use MinWallet, a lightweight wallet integrated directly into the Minswap DEX, making it easy for users to get started.

How to Set Up a New MinWallet

Follow these steps to create a new Cardano wallet using MinWallet:

1. Click on "Connect Wallet" Visit the Minswap website and click on the "Connect Wallet" button.

2. Select "MinWallet" From the list of wallet options, choose "MinWallet".

3. Choose "New Wallet" Click on "New Wallet" to create a new wallet. If you already have a Cardano wallet, you can restore it at this point.

4. Read the Starting Tips Review the starting tips provided and click "Next" to proceed.

5. Obtain Your Seed Phrase Click "Reveal" to view your unique 24-word seed phrase. This phrase is your wallet's private key and is essential for accessing your funds. Ensure you store it securely and never share it with anyone.

6. Copy the Seed Phrase Write down your seed phrase and store it in a safe place. Avoid storing it digitally or online. Once you've securely stored your seed phrase, click "Next".

7. Confirm Your Seed Phrase Enter the seed phrase back into the wallet to confirm you've recorded it correctly. This step ensures you can recover your wallet in the future.

8. Set a Signing Password Create a password for your wallet. This password will be used to sign transactions and confirm actions within the wallet.

9. Wallet Setup Complete Congratulations! You've successfully created your first Cardano wallet using MinWallet.

Funding Your Wallet

Now that your wallet is set up, you'll need to fund it with ADA to start trading on Minswap.

1. Copy Your Wallet Address Expand the wallet menu and copy your wallet's receiving address.

2. Transfer ADA to Your Wallet Log into your exchange account (e.g., Binance) or another wallet where you hold ADA.

3. Send ADA to Your MinWallet Use the copied address to send ADA to your MinWallet. Ensure you send enough ADA to cover transaction fees and any trades you plan to make.

4. Wait for Confirmation Within a few moments, your MinWallet will be funded and ready for use on Minswap.

With your wallet funded, you're now prepared to start trading on Minswap.

Note: Always ensure you're using official and secure sources when setting up and managing your cryptocurrency wallets.