As to maintain a truly decentralized finance platform, the Level01 App allows for the usage of independent wallets, those free from the interference on the part of the platform.
For this, the app itself allows for easy integration with users’ own electronic wallets via in platform prompts.
Though, for those that have not yet created an electronic wallet prior to using the Level01 App, the app offers an easy to use tool to create an independent wallet based upon the Ethereum blockchain.
To help guide you through the process, let’s begin creating your first electronic wallet on the Level01 App!
Creating an Electronic Wallet in the Level01 App
To begin, open the Level01 App allowing, and navigate to the main menu by selecting the menu icon, the three horizontal lines in the upper right corner.
From the main menu, a notification that a wallet is required will prominently display informing you that a wallet has not been generated or imported into the app yet.
To begin the process of creation, simply press the add wallet symbol and select “New Wallet” from the generated pop up.
From that point you’ll be directed to create a password associated with your new wallet.
As part of Level01’s commitment to creating an environment that is safe for all users, the app will require that you generate a secure password.
Given that your electronic wallet will be your main source of storage for all profits and funds, it is critical that you create a password that is known only to you.
After entering your password, simply confirm your password by retyping it into the box below before pressing next for the subsequent step.
After creating and confirming your new wallet’s password, you are now ready to assign a name to your wallet.
This becomes particularly helpful if you create multiple wallets for specific instances, for example a wallet dedicated solely to the trading of forex or commodities.
If at some point in the future, you would like to change the name of your wallet you can do so from the main menu.
Once you’ve named your wallet, simply press next.
At the next screen, you’ll be prompted with a reminder to backup your wallet credentials locally on your device.
It is critical to remember that the wallet credentials are essential in accessing your wallet, losing them could result in loss of all funds stored within the wallet.
That said, to create a locally stored back up, first, press the “CREATE BACKUP” button.
This will auto-generate your wallet’s private key as well as the associated mnemonic phrase.
Once generated, copy each to your devices clipboard by pressing the “COPY” button respectively located beside each before pressing the “NEXT” button.
To finalize your wallet, simply navigate through the next two screens by pressing the prompted button.
The app will then automatically add your wallet to the available wallets list.
You’re now ready to begin trading on a new level as you enter the world of Level01.
To fine tune your trading strategy visit our Trading Tips!
Or learn more about unlocking the full potential of the Level01 App!
Experience the next step in DeFi, experience the Level01 App.
Available now on Google Play Store and Level01.io