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What is Coin98 Wallet? How to use Coin98 Wallet - a Step-by-step Guide

Publish by Trang Tran at 24 June 2021

Coin98 Wallet, a non-custodial, multi-chain wallet and DeFi gateway, is currently one of the most popular digital wallets trusted by hundreds of thousands of users globally.

Don’t know where to begin? Don’t worry, this article will guide you through the basics of the Coin98 Wallet Universe step-by-step. Let’s get started!

Table of contents
    1. What is Coin98 Wallet?
    2. Outstanding Features of Coin98 Wallet
      1. Multichain Swap
      2. Cross-chain Bridge
      3. DApp Browser - the whole DeFi World for users
      4. Coin98 Portfolio
      5. Market
      6. Top-tier security
      7. Gas fee optimization
    3. How to install Coin98 Wallet
      1. Coin98 Mobile Wallet
      2. Coin98 Extension Wallet
    4. How to register for a Coin98 Wallet account
    5. How to create and restore a wallet on Coin98 Wallet
      1. How to create a wallet on Coin98 Wallet
      2. How to create a multi-chain wallet on Coin98 Wallet
      3. How to restore a wallet on Coin98 Wallet
      4. How to activate and manage wallets on Coin98 Wallet
    6. How to send, receive coins & tokens on Coin98 Wallet
      1. How to receive coins & tokens on Coin98 Wallet
      2. How to send coins & tokens on Coin98 Wallet
    7. How to hide and show tokens from the asset list
      1. How to hide tokens from the asset list
      2. How to View & Show hidden tokens
    8. How to review transaction History on Coin98 Wallet
    9. How to view asset statistics on Coin98 Wallet
    10. Coin98 Portfolio Management
      1. How to connect API Exchange directly on Coin98 wallet
      2. How to add self-manage portfolio on Coin98 Wallet
    11. The Market feature on Coin98 Wallet
    12. How to Swap on Coin98 Wallet
      1. The Cross-chain Bridge function
      2. How to use Uniswap directly on Coin98 Wallet
      3. How to use SushiSwap directly on Coin98 Wallet
      4. How to use PancakeSwap New directly on Coin98 Wallet
      5. How to use QuickSwap directly on Coin98 Wallet
      6. How to use Pangolin directly on Coin98 Wallet
      7. How to use MDEX directly on Coin98 Wallet
    13. General Note
    14. Language selection on Coin98 Wallet
    15. How to get the Passphrase and Private Key of the wallet
    16. Privacy Protection
    17. Other concepts you need to know when using Coin98 Wallet
      1. What makes Coin98 Wallet reliable?
      2. What is Gas Fee on Coin98 Wallet?
    18. Some final words

What is Coin98 Wallet?

Coin98 Wallet is a non-custodial wallet used to store, send, and receive multi-chain digital assets. Coin98 Wallet aims to become a Dapp providing Crypto users with a wide range of products/services and at the same time deliver superior smart experiences when utilizing those products/services.

Furthermore, Coin98 Wallet is on a journey to become the best DeFi gateway, providing easy and flawless experiences to all users, even if you are a beginner!

Currently, Coin98 Wallet supports all coins/tokens on more than 25 blockchain platforms including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Celo, Avax C- chain + X-chain, Cosmos (+Thor +Terra +Band +Kava + Secret Network), Polygon (Matic), Fantom, Dfinity, Persistence, Helium, Cardano, KardiaChain, xDai Chain, Ronin, and more to come.

Coin98 Wallet is developed on 4 platforms: the Mobile app (Android and iOS), the Web app, and the Extension.

Coin98 Mobile Wallet

Outstanding Features of Coin98 Wallet

Multichain Swap

Coin98 has integrated numerous prominent AMMs across many Blockchains to make it easier for users to swap their assets.

  • Convenient for users: Coin98 automatically selects the appropriate Chain, wallet, and AMM.
  • Optimize the process: Coin98 Wallet transactions do not require too many steps to connect and swap wallets.
  • No Smart Contract is needed: In case users can not find the token to swap, they can insert its Contract Address and trade as usual. Coin98 develops a mechanism that automatically updates new coins/tokens on the market in a timely and accurate manner to assist users in simply selecting trading assets with no Smart Contract needed.

Cross-chain Bridge

The Cross-chain Bridge feature of Coin98 Wallet uses the Liquidity Pool model, allowing Liquidity Providers to provide liquidity in the Pools. When a user utilizes the assets in the Pool, the LPs will receive transaction fees. The special point of Coin98 Wallet's Cross-chain Bridge is the automatic Rebalance mechanism.

DApp Browser - the whole DeFi World for users

Coin98 provides a dApp store with many features to fully serve users’ demands:

  • Exchanges: SushiSwap (Ethereum), Uniswap (Ethereum), PancakeSwap (Binance Smart Chain), MDEX (Huobi ECO Chain), 1inch (Ethereum & Binance Smart Chain),...
  • Finance: Compound, Aave, yearn.finance, Curve, Zapper, Zerion…
  • Starter: Duckstater, Polkastarter, Poolz.
  • Farm & Stake: Luaswap, UBU Finance, Ox staking, Duckfarm, Lido Staking…
  • Utilities: Bidali, Snapshot, Keep3R Network.
  • Games: Faraland, CryptoKitties, PoolTogether….
  • And more in the future….

The Coin98 Wallet DApp Browser allows users to experience DeFi services across multiple platforms and currently supports 8 blockchains. Coin98 Wallet is also the first Mobile App that supports dApps on Solana.

Coin98 Portfolio

Coin98 Wallet has developed the Coin98 Portfolio product, which allows users to effortlessly manage assets on:

  • Non-custodial wallets.
  • Centralized Exchanges (CEXs).
  • Other personal platforms.

In two ways:

  • Connect the API to CEXs.
  • Create a portfolio manually.

Market

The market tracking and analyzing tool is one of the most helpful features on Coin98 Mobile Wallet which aggregates essential market statistics such as Total Market Cap, Trading Volume, BTC Dominance, ETH Gas Gwei, and so on. Users can follow all the ups and downs of the market closely and catch new potential opportunities in time.

In the future, the Market function will allow users to examine not only the market's overall data but also specific parameters from individual projects.

Top-tier security

Coin98 Wallet is a non-custodial wallet with the Passphrase/Private Key managed by users. None of the users’ data is collected by the application.

Besides, Coin98 Wallet additionally develops high-security layers such as faceID, password protection, and so on.

Gas fee optimization

Coin98 Wallet automatically optimizes the transaction costs and performance for users. At the same time, users may modify the gas fee manually by sliding the bar according to their demands.

How to install Coin98 Wallet

Coin98 Mobile Wallet

Coin98 Mobile Wallet is available for download at:

Watch the tutorial video below to install Coin98 Mobile Wallet:

Coin98 Extension Wallet

Step 1-2: Search Coin98 on Chrome Web Store.

Step 3: Click Add to Chrome.

Step 4: Click Add Extension.

Step 5: Click the Extension icon → Click the pin icon or Click the 3-dot icon next to Coin98 Wallet → Pin.

How to install Coin98 Extension Wallet on Chrome

How to register for a Coin98 Wallet account

After successfully installing Coin98, users can register for an account by following these steps:

Step 1: Open Coin98 Wallet and click on the Profile icon at the upper left corner of the screen.

Step 2: Insert the Email address, then read our Terms of Service. If you agree to the Terms of Service, click Continue.

Step 3: Insert the Verification Code that is sent to this email address as well as the Referral Code (if applicable). Click Verify.

Step 4: Set your profile picture (if any) include: Username, Display Name, and Password. Then click Enjoy and you’re all set.

Note: Each username is unique in our system. Two different accounts can never have the same exact username.

How to create and restore a wallet on Coin98 Wallet

How to create a wallet on Coin98 Wallet

Step 1: Open Coin98 Mobile Wallet & click Manage on the home screen.

Step 2: Click Add Wallet, choose the wallet icon corresponding to the wallet you want to create and click Create.

Step 3: Name the wallet & back up the provided Passphrase & Private Key. Please note that this information is crucial to keeping your assets safe.

  • After copying & saving your Passphrase, tick the “Backup your recovery key” box to confirm.
  • Tick the remaining boxes to confirm you’re aware of the risks.
  • Click Next.

Step 4: Paste the provided Passphrase into the confirmation box, then click Done.

Your Wallet will instantly be displayed on the home screen. You can also click Manage to check your wallets.

Note:

  • The system will only display a few coins/tokens representing the new wallet you have created on a blockchain. The wallet will display other tokens if you have a proper balance available in the wallet. The wallet address that you use to deposit tokens/coins is the wallet address of the representative tokens/coins;
  • You must save the Passphrase and Private Key carefully to be able to restore a wallet, otherwise, you may lose your assets permanently;
  • Your Coin98 Wallet account isn’t directly connected to your wallets. If your session expires, please log in with your Coin98 Wallet account and use the Passphrases or Private Keys to restore your wallets.

How to create a multi-chain wallet on Coin98 Wallet

To create a Multi-chain Wallet on Coin98 Wallet, follow these steps:

Step 1: Open Coin98 Mobile Wallet and click Add Wallet on the home screen.

Step 2: Choose the Multi-chain icon, then click Create Wallet.

Step 3: Name your wallet and backup your Passphrase & Private Key in a safe place. Please note that the PassPhrase & Private Key are crucial to keeping your assets safe.

  • Tick the Backup your recovery key box to confirm you’ve saved the Passphrase, then click the copy icon next to it.
  • Tick the remaining boxes to confirm you’re aware of the risks.
  • Click Next.

Step 4: Paste the copied Passphrase from the previous step into the confirmation box. Click Done.

Your new wallet will instantly be displayed on the home screen. You can also access Manage → Manage All Wallets to check all your Multi-chain wallets.

How to restore a wallet on Coin98 Wallet

If you’ve already had a wallet, you can simply restore it on Coin98 Mobile Wallet by following these steps:

Step 1: Click Manage on the home screen.

Step 2: Click Add Wallet.

Step 3: Choose the corresponding icon for the wallet you are restoring, then click Restore.

Step 4: Insert the wallet’s name & Passphrase (you can use the QR code icon or the Paste icon next to the box).

Step 5: You can choose between 2 options:

  • Multi-Chain wallet users (Coin98 Wallet, Trust Wallet, Metamask,...): Select "Old Standard".
  • Sollet, Phantom users: Select "New Standard" - the latest solution by Coin98 Wallet that prevents Sollet wallet addresses from being changed when restored to other wallets.

Click Connect.

Your restored Wallet will instantly be displayed on the home screen. You can also click Manage to check your wallets.

How to activate and manage wallets on Coin98 Wallet

This feature will help you manage your sub-wallets efficiently when using Multi-chain wallets, for a better experience.

Step 1: Click Manage on the home screen.

Step 2: Click Manage All Wallets.

Step 3: Activate any wallet by clicking the on/off button.

How to send, receive coins & tokens on Coin98 Wallet

How to receive coins & tokens on Coin98 Wallet

There are 2 ways to receive coins/tokens.

The first one:

  • Step 1: Choose the coin/token displayed on the home screen.
  • Step 2: Click Receive.
  • Step 3: Copy the wallet address and send the coin/token to this address.

The second one:

  • Step 1: Click Receive on the home screen.
  • Step 2: Search the coin/token’s name.
  • Step 3: Click on the receive icon next to the correct token.
  • Step 4: Copy the wallet address and send the coin/token to this address.

How to send coins & tokens on Coin98 Wallet

There are 2 ways to send coins/tokens on Coin98 Wallet.

The first one is:

  • Step 1: Choose the coin/token you want to send on the home screen.
  • Step 2: Click Send.
  • Step 3: Insert the amount, the recipient’s wallet address & messages (if any).
  • Step 4: Slide Send to complete.

You can adjust the gas fee, which affects the transaction speed, according to your needs.

The other way is:

  • Step 1: Click Send on the home screen.
  • Step 2: Choose a wallet to send tokens from & the coin/token to send.
  • Step 3: Insert the amount, the recipient’s address, and messages (if any).
  • Step 4: Slide Send to complete.

How to hide and show tokens from the asset list

How to hide tokens from the asset list

Step 1: Open your Coin98 Mobile Wallet.

Step 2: Click and hold for 2s anywhere in the highlighted area.

Step 3: Click the eye icon on the right side of the tokens you want to hide.

Step 4: Click on any tokens to complete.

How to View & Show hidden tokens

Step 1: Open Coin98 Mobile Wallet. Click Manage on the home screen.

Step 2: Click Hidden Tokens.

Step 3: Check the list of all tokens that have been hidden. If you want to show any token again, click the eye icon next to that token.

Step 4: Click Done.

How to review transaction History on Coin98 Wallet

There are two ways to review the Transaction History.

The first one is: Click any token of which you'd like to view the transaction history. Your entire transaction history will be shown on the screen.

The other way is:

  • Step 1: Click History on the main screen.
  • Step 2: Click the wallet you want to review the transaction. The whole transaction history will be shown on the screen.

How to view asset statistics on Coin98 Wallet

The Asset statistics function on the Coin98 Mobile Wallet helps users get a more intuitive view of the digital assets they are holding.

Step 1: On the main screen, click Manage.

Step 2: Click Asset Statistics.

Step 3: Check out the visual statistics of your assets.

Note: The portfolio may take a few minutes to be shown.

Coin98 Portfolio Management

How to connect API Exchange directly on Coin98 wallet

Coin98 Wallet has a direct connection with 9 Exchanges to assist users in following the assets stored on these exchanges.

Step 1: Place your finger on the asset display tab and swipe to the right.

Step 2: Click Register to connect with the Exchange.

How to add self-manage portfolio on Coin98 Wallet

The Coin98 Wallet's portfolio feature assists users in following the coins/tokens’s performance to conveniently track the ups and downs of all your assets in one place, especially if you have assets stored scatteredly on multiple platforms and wallets.

To add coins/tokens to the Watchlist, follow these steps:

Step 1: On the home screen, place your finger on the Asset display tab and slide to the left.

Step 2: Name your portfolio, choose its theme color and click the plus icon.

Step 3: Click Add token.

Step 4: Enter the amount and select the coin. The coin’s price will automatically be shown.

Step 5: Click Add to Portfolio.

The Market feature on Coin98 Wallet

Coin98 Mobile Wallet currently aggregates essential market statistics such as Total Market Cap, Trading Volume, BTC Dominance, ETH Gas Gwei, and so on.

On the main screen, click Market to follow the crypto world directly on the Coin98 Wallet.

In the image above, you will see 2 icons marked with the number 1 and 2:

  • If users want to search for any Cryptocurrencies, click the coin icon (1) and then enter the name.
  • If users want to understand more about the market, click the chart coin (2) and figure out the information as preferred.

How to Swap on Coin98 Wallet

The Cross-chain Bridge function

Cross-chain Bridge is considered a prominent feature of Coin98 Wallet that integrates many blockchains to facilitate token conversion.

Coin98 Wallet now offers a Cross-chain Bridge with five popular blockchains:

  • Ethereum: ETH & ERC20.
  • Binance Smart Chain: BEP20.
  • Solana: SOL & SPL.
  • Tron: TRC20.
  • Avalanche C-Chain & X-Chain.

At the home screen, click Swap → Select Cross-Chain Bridge to start trading. We choose the AVAX X-Chain & C-Chain Bridge as an example.

Step 1: Select the token you want to convert.

Step 2: Select the wallet that holds the converting tokens and the receiving wallet on the corresponding blockchain.

Step 3: Choose the converting amount by sliding the bar.

Step 4: Click Convert to complete.

How to use Uniswap directly on Coin98 Wallet

Step 1: Click Swap at the home screen.

Step 2: Select UniSwap.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options offered by version X: the Basic UI (1) and the Pro UI (2).

Next, fill in this information:

  • Choose your trading pair from the list. Well take USDC & ETH as an example, but you can choose other tokens as needed.
  • For those tokens that haven’t been listed on Coin98 Wallet, you can still trade using their contract addresses.

Step 4: Slide the bar to reach the desired trading amount. Click Approve, then Swap to complete the transaction

How to use SushiSwap directly on Coin98 Wallet

Step 1: Open Coin98 Mobile Wallet and click Swap on the home screen.

Step 2: Select SushiSwap.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options offered in Version X: the Basic UI (1) and the Pro UI (2).

Now, fill in this information:

  • Choose your trading pair from the list. We’ll take USDT & ETH as an example in this guide, but you can choose other tokens as needed.
  • For those tokens that haven’t been listed on Coin98 Wallet, you can still trade using their contract addresses.

Step 4: Slide the bar to reach the desired trading amount. Click Approve, then Swap to complete.

How to use PancakeSwap New directly on Coin98 Wallet

PancakeSwap is one of the first projects on Binance Smart Chain that was launched just a few days after the Binance Smart Chain mainnet. The first product of the project is PancakeSwap AMM, a fork version of Uniswap V2.

To Swap on PancakeSwap New, follow these steps:

Step 1: Open Coin98 Mobile Wallet and click Swap on the home screen.

Step 2: Select PancakeSwap. Users can choose between PancakeSwap V1 or V2 based on the tokens they are trading.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options: the Basic UI (1) and the Pro UI (2).

Users must fill in the following information to complete the transaction:

  • Choose the trading pair from the list: for example, BNB & CAKE. Users can choose other tokens as preferred.
  • For those tokens that haven’t been listed on Coin98 Wallet, users can still trade using their contract addresses.

Step 4: Slide the bar to reach the desired trading amount. Click Approve, then Swap to complete.

Wait for the transaction to complete and click OK.

How to use QuickSwap directly on Coin98 Wallet

QuickSwap is an AMM similar to UniSwap built on Polygon (formerly MATIC).

To Swap on QuickSwap, follow these steps:

Step 1: Open Coin98 Wallet and click Swap.

Step 2: Select QuickSwap.

Step 3: In the trading interface, click the settings icon on the top right corner of the screen and choose between:

  • The Basic UI (1).
  • The Pro UI (2).

Step 4: Select the trading pair. We’ll take MATIC & QUICK as an example, however, you can choose other tokens as desired.

Step 5: Manually fill or slide the bar for the appropriate trading amount. Click Approve, then click Swap to complete.

How to use Pangolin directly on Coin98 Wallet

Pangolin is an AMM built on Avalanche with a protocol similar to UniSwap.

Step 1: Open Coin98 Mobile Wallet and click Swap on the home screen.

Step 2: Select Pangolin.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options: the Basic UI (1) and the Pro UI (2).

Now, fill in below information:

  • Choose your trading pair from the list. We’ll take AVAX & PNG as an example in this guide, but you can choose other tokens as needed.
  • For those tokens that haven’t been listed on Coin98 Wallet, you can still trade using their contract addresses.

Step 4: Slide the bar to reach the desired trading amount, then click Swap to complete.

How to use MDEX directly on Coin98 Wallet

Step 1: Open Coin98 Mobile Wallet and click Swap on the home screen.

Step 2: Select MDEX.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options offered in Version X: the Basic UI (1) and the Pro UI (2).

Now, fill in this information:

  • Choose your trading pair from the list. We’ll take HT & MDX as an example in this guide, but you can choose other tokens as needed.
  • For those tokens that haven’t been listed on Coin98 Wallet, you can still trade using their contract addresses.

Step 4: Slide the bar to reach the desired trading amount. Click Approve, then Swap to complete.

General Note

  • The default gas fee on Coin98 Wallet has been set for the highest speed with the most reasonable cost.
  • Users can also adjust the gas fee and slippage by clicking the settings icon at the top right corner of the trading interface.
  • Slippage is one of the reasons that lead to failed transactions. Users can trade with the default slippage of 2%, or set to a higher rate for a better chance of success.
  • Users need to have a wallet with a proper balance of coins in this wallet to pay the gas fee before trading.
  • The Approval step only displays in the very first trade. In the following trades, users only need to click Swap to complete the transactions.
  • The arrow in the middle of the trading interface is used to switch between the buying and selling positions. Users need to check the tokens’ positions carefully before making any transaction.

After swapping successfully, users can access the Trade History from the swapping interface to view their transactions or go back to the home screen to check the traded tokens if needed.

Language selection on Coin98 Wallet

Coin98 Wallet aims to make the wallet as accessible to users as possible by supporting up to 12 languages.

Step 1: On the main screen, click Settings.

Step 2: Click Language and choose the language you want to set.

How to get the Passphrase and Private Key of the wallet

There will be 2 ways to get the passphrase/private key of the wallet

Method 1: Save right after creating the wallet.

Method 2: Get the passphrase/private key with the Manage function.

  • Step 1: Click Manage on the main screen.
  • Step 2: Click Manage All Wallets.
  • Step 3: Click the wallet you want to get the passphrase/private key.
  • Step 4: Click Show Private Key & Passphrase.

Privacy Protection

The PIN Code and Face ID adds an extra layer of protection for your assets on Coin98 Wallet. Although the PIN Code or Face ID is optional, it is a recommendation for users to keep their assets more secure.

PIN Code or Face ID after being set will be required in the following cases:

  • Request to withdraw money from the wallet.
  • Request to see the Private Key and Passphrase of the wallet.

To set up a PIN Code, proceed as follows:

Step 1: Select Settings.

Step 2: Click on Security Settings.

Step 3: Enter the PIN and re-enter it again to confirm.

For the FaceID setup, click the button to activate and scan your face.

Other concepts you need to know when using Coin98 Wallet

What makes Coin98 Wallet reliable?

As a non-custodial wallet, Coin98 Wallet never saves the users’ key, but rather lets them have absolute control over their key and assets.

Instead, the wallet is controlled by a unique Private Key and Passphrase. The private key and passphrase are provided right after you have created a wallet, and whoever has access to this unique key, has the control over your wallet.

Coin98 Wallet has absolutely no control over your assets, therefore, it is impossible for hackers to get your private key by hacking into the system. You need to, however, save and store your private key carefully to avoid some risks, such as your phone being tapped, stolen, or loss of private key.

Besides, Coin98 Wallet provides you with another registration option that is used by an email address on the personal tab. Users can bind their email with the app to experience the exclusive loyalty user program, save in-app settings, not the actual wallet.

What is Gas Fee on Coin98 Wallet?

Gas fee is a fee paid to a network so as to complete a transaction on a blockchain.

The gas fee’s unit is different on each blockchain. For example, the gas fee’s unit on Ethereum blockchain is GWEI, and it is paid for with ETH; similarly, users pay with SOL on Solana; BNB-BEP20 and BNB-BEP2 on Binance Smart Chain and Binance Chain, DOT on Polkadot, etc. The gas fee to complete any transaction on any blockchain is paid with that blockchain’s parent token.

The list of coins/tokens used to pay for the gas fee on different blockchains is as follows:

NOTE:

  • Father Token: The coin used to pay gas fee on its corresponding blockchain.
  • Child Token: The token standard supported on its corresponding blockchain.

Some final words

If you’ve made it here, congratulations for completing Coin98 Wallet’s basic training. Hopefully, this article can effectively support users in using Coin98 Wallet.

Now dive in & explore the Coin98 Wallet Universe yourself! If there are any questions, please feel free to comment below or join our community for further discussions about Crypto with our admins and other members!

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Trang Tran

Life’s too mysterious to take too serious 🌸🌸🌸

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