Download Magic Eden Wallet Extension | Official Website
Crypto assets are gaining a lot of traction among traders and investors. And the same happens to be the case with NFTs and Ordinals. When we are trading in such highly valuable assets, ensuring their security should be our primary objective.
Long story short, it is very important for us to choose the right wallet for safeguarding our crypto assets, NFTs, etc. While there are several crypto wallets available in the cryptocurrency economy, only a few focus on providing a safe storage space for NFTs. This is where the Magic Eden wallet comes into the picture.
Believe it or not, this is currently one of the best wallets that comes with industry-leading security measures. Having a wallet created on this platform comes with several benefits and we will certainly explore these benefits in the section to follow. But, before that, let's take a glimpse at what this wallet actually is.
What Is A Magic Eden Wallet?
As we have discussed in the introductory paragraph of this read, the MagicEden wallet is not only a crypto wallet but more than that. After creating your access to this wallet, you can take so many actions in the crypto economy, such as:
Connect to the decentralized applications
Explore the Web3 applications
Get easy access to the NFT platforms
Send and receive crypto assets
Swap crypto assets via the Magic Eden phantom wallet
Still not convinced?
Don't worry, if you are still not satisfied with the answer. We'll try to break down some more details for you in the upcoming sections. So, stay tuned!!!
Networks Supported By Magic Eden Wallet
As you know the wallet was launched in the concluding part of the year 2023, it does not support a wide range of networks. However, it does support the major ones which are listed below:
Bitcoin
Ethereum
Solana
And Polygon
The Key Takeaways/Advantages Of The Magic Eden Wallet
What caught our eyes while exploring the features of this wallet is its vision. Being a complete non-custodial wallet, it believes in the philosophy of "What's yours is truly yours." However, there are several other aspects of the wallet that managed to gain our attention:
Creates an easy pathway to let you manage your crypto and NFT portfolio
You can seamlessly track your transaction history, pricing, and value of assets on the go
Bridge or Swap tokens as and when you want that too at a lightning-fast speed
That’s not all! You can also use this wallet to access dApps on different EVM chains including Bitcoin and Solana
Explore a wide range of Bitcoin variants including Ordinals, Rare Sats, and BRC-20 Tokens
Installing The Magic Eden Wallet Extension
If you wish to simplify your journey in the crypto market space and make it a valuable one, then you can certainly go ahead with installing the Magic Eden extension on a compatible. Now, you must be wondering which browsers are supported by Magic Eden. The answer is, that currently only Chromium-based browsers such as Chrome and Brave support the installation of the MagicEden wallet extension. The steps for the installation have been narrowed down below:
Open the Chrome or Brave web browser
Search the URL: https://wallet.magiceden.io/
Look for the "Download for Chrome" button and select it
Do you see the Chrome Web Store on your screen?
If yes, proceed by hitting the "Add to Chrome" option
For confirmation, choose "Add extension"
Congratulations!!! You have successfully installed the Magic Eden extension on your browser. Now, it is time to set up a new wallet. And guess what? You can also import your existing/current wallet as well. Wondering how? Do check out the steps below.
Setting Up Or Importing A New Wallet
Without creating access to the Magic Eden wallet, you won't be able to get your hands on its features and neither explore the benefits that it has to offer. So, without wasting any more time, let's head straightaway to the process of creating or importing your Magic Eden Phantom wallet. Here's the way:
Open the installed MagicEden wallet extension on Chrome/Brave
To set up a wallet, choose "Create a new wallet"
Abiding by the instructions, create a log in password
Then, securely note down the provided 12-word Secret Recovery Phrase
On the flip side, you may also choose to restore your wallet
To import your Magic Eden wallet, use its 12-word SRP
Can You Use Magic Eden Wallet On A Mobile?
No, there is no official application for the Magic Eden wallet. However, their developers are working hard to ensure the availability of the app for Android and iOS users as soon as possible. Since there is no such news of the availability of the Eden Wallet app, make sure that you do not fall prey to a scam by installing any MagicEden Wallet app from unauthentic sources. For the availability and launch date of the app, make sure you check back only on the official website.
Troubleshoot Network Issues With Magic Eden Wallet
Aren't you able to open or load your Magic Eden wallet? Do you see a "Connection Problem" error message? Or, you're not able to send out your crypto assets?
Don't panic, because this guide is at your rescue and will help you resolve any network-related issues with your wallet without putting in much effort. Here's what you need to do:
Update the wallet: This has to be your first attempt when you are on your pathway to resolve any issues with the Magic Eden wallet. So, go to the official Magic Eden website and install the latest version of the wallet from there.
Restore your wallet: To accomplish this task, all you need to do is delete your wallet and then use the SRP to restore it.
Restart your browser/device: You can simply power off your device and re-open the browser to access the wallet once again. This certainly helps resolve several connection issues.
Solve internet connectivity issues: You must power off your modem as well as your internet connection to restore seamless network connectivity on your device.
Disable add-ons: Using a VPN or an antivirus? Well, I suggest you disable any such external interference for some time and try again once your wallet starts to work normally again.
In A Nutshell
Inspecting all the aspects of the wallet, we can say that it is truly an NFT wallet that everyone has been waiting for. Since our security is their priority, we should give this wallet a try and I am sure you're going to fall in love with it.