Keplr Wallet

Keplr Wallet | First and Leading IBC Wallet Extension

Keplr is a leading open-source smartphone app, web app, and browser extension wallet that exclusively supports Cosmos interchain ecosystem. This platform offers features for wallet and account management for each Cosmos-based blockchain. Also, it’s the foremost compatible wallet for the Cudos network, with the initial alliance coming soon.  

Presently only Chromium-based browsers support the Keplr Wallet extension. Users cannot, however, utilize this extension through their smartphones. Also, remember that users with their secret mnemonic seed can take their assets. Users cannot recover the lost seed phrase, so you must keep it somewhere safe. If you lose the mnemonic seed, the Wallet might be at risk, and you might not be able to access your assets.

Advantages of Keplr Wallet

Support Each IBC Assets 

Instead of requiring a separate wallet for every asset, one can keep all their IBC funds in a single place. These include Terra USD, Kava, Cosmos, Sentinel, and Osmosis.

Productive Staking Options 

With the Keplr Wallet, users can stake numerous blockchains available in the Cosmos ecosystem, such as Osmosis (OSMO), Crypto.org (CRO), Cosmos Hub, and Secret Network (SCRT). Users can check their staked funds through the Dashboard menu, which they can find in the left-hand side menu on the web browser. Also, users can claim their perks by clicking on the Claim Rewards button in the same drop-down menu.

Supports Ledger Hardware Wallets 

You can attach additional security with Ledger hardware wallets if you need more security for your assets.

Best Safety Features 

Keplr is the safest Wallet available, although it’s the responsibility of users to keep it safe. For someone to enter your account needs your entire mnemonic seed, so always keep your seed phrase offline to keep it safe. 

Functions of Keplr Wallet

Inspired by the famous MetaMask Wallet, Keplr is the simplest and easiest. After downloading this Wallet, users no longer require multiple wallets for every Cosmos ecosystem. Instead, one can exchange assets between chains, making them available for new cryptocurrency users. 

The Cosmos network is popular for its lowest network costs (generally under 0.01 dollars) and speed. 

You can download this wallet extension via Google Chrome, which also supports the Brave browser. After installing the extension, you can stake Cosmos-compatible digital currencies through your Wallet.

As a self-custodial wallet, keplr offers customers full control of their digital currency compared to other similar wallets on centralized exchanges like Coinbase owned by the exchange. With the Wallet, users can partake in airdrops and gather stake perks through projects like Osmosis, Cosmos, and Kava. 

Keplr has designed a user-friendly interface, with each platform under the crypto wallet using the equivalent design to prevent confusion. Every asset is available with its USD value to keep users updated. If users stay in a country with a different currency, they can exchange this in the settings menu. 

Keplr also supports hardware wallets like Ledger Nano S or Nano X. These wallets offer Keplr customers top security levels by storing each digital currency offline.

Instructions to Set Up Keplr Wallet

You can use the Keplr extension to set up a new wallet:

Install Keplr Extension 

  • First, you must install the Keplr Wallet extension by visiting the official website. 
  • Next, tap on the Installed Keplr Extension button to display a new page. 
  • You can either Import the existing account or Create a new one with the secret seed phrase you have received from Keplr. This wallet is not entirely part of the Cudos ecosystem, so you must follow the following instructions. 

Connect Keplr to the Cudos Network 

  • To begin, move to the Cudos Dashboard to connect the Keplr extension to the Cudos network.  
  • Then, tap on the Connect to Keplr Wallet tab in the middle of the page. 
  • A window will pop up to ask your permission to attach a new network to Keplr. 
  • After approving both screens, you must launch the extension and tap on the desired network at the top. Next, a list with every network will launch; scroll down the list and choose the Cudos Network option. 
  • After this, Keplr will show the correct data about your account. The address shown will be the CUDOS native wallet address. 
  • After setting up and connecting your Wallet to the Cudos network, you can initiate interactions with the Cudos network, like staking to earn perks and involving in shaping the future of the network by taking part in network governance, deploying smart contracts, and voting on active proposals.  

Steps to Deposit and Send the Tokens on Keplr Wallet 

Depositing Tokens 

  • Firstly, hit the Keplr Icon at the top right-hand side of the window to launch it. 
  • Then, get into your Wallet using the login credentials.
  • Next, you should tap the Deposit tab, and the Wallet will display your address and related QR code. 
  • After sending the ATOMs to your Wallet, you will see the available balance. 

Sending the Tokens 

  • Now, choose the Send option. After choosing the right button, you’ll see different fields. 
  1. Recipient: The address you need to transfer the ATOMs. ENS (Ethereum (ETH) name service). 
  2. Amount: The number of ATOMs you wish to transfer with this transaction. 
  3. Balance: This shows the assets at your disposition. 
  4. Memo: Transaction from/to exchanges many times needs a particular memo. 
  5. Fee: You can select between Average, High, and Low. Some validators acknowledge low-cost transactions, which could translate to the waiting time for the procedure. 
  • After accurately entering each field, it is time to choose the Send option. 
  • A screen with all the important information will become visible; tap on the Approve button to finish the operation. 
  • You can check the transaction through explorer. That’s all; you have successfully finished the transaction.

Final Words

Keplr Wallet helps overcome the obstacle of requiring different cryptocurrency wallets for IBC funds, making it simpler for new digital currency investors to purchase and keep their funds. Instead of thinking about where they have kept the assets, users can store everything in one location, making IBC digital currency storage as simple as possible. Being a new crypto wallet, Keplr has proved to be the best choice, with over one million users, over twenty compatible assets, and top-level safety for users seeking a secure way to keep their assets.