BlockWallet: Self Custodial Web3 Wallet

The most crucial thing that is the biggest concern for every crypto trader is the privacy of the information. Whenever you execute any transaction on the crypto trading platform or through the wallet, the IP Address of your device will be revealed to the users, which makes it simple for the hackers to get into your account and steal all the assets stored. No matter how the platform claims that the wallet is secured, it cannot stop your IP Address from being shared on the internet. Thus, putting your account at risk. You may think that it’s the problem of every software wallet user, so there is no other option for a secure wallet. 

But you are wrong because there is a wallet present that can surely prevent any of your data including the IP Address of the account from getting shared. And the name of this wallet is BlockWallet Self Custodial Web3 Wallet. Now this information might peak your interest in the said wallet. If yes, then start reading the following guide to know all the details of Block Wallet.

The platform works to secure all the financial transactions related to the cryptocurrencies that have been initiated by you. The work of this wallet is to confirm that the data of the user while making an outward transaction remains safe and secure from the eyes of hackers. All the transactions initiated by you are prone to the utmost security. You can even check it yourself that even before you connect with any other crypto wallet, your IP Address is always on the show for everyone. And if you switch to the Block Wallet then it can be guaranteed that your IP Address will be secure from all the prying eyes. IP Addresses need to remain private because through them anyone can track your account movement and at the right time, they can also attack your account. And because these addresses are not kept private by the other wallet users, the cases of cybercrimes have been at increased. The users fall into phishing traps easily. Whereas on this wallet the transactions of all the users are combined through the smart contract, thus making it difficult for the hackers to track the source location of the transactions. Only the owners have the complete details of their transaction.

This Block Wallet is available to be used as the browser extension for the users. If you are satisfied with the wallet details and want to begin as soon as possible then you can follow our Block Wallet Extension downloading and installing steps as they are written.

• Open the browser you prefer to use. It could be either Google Chrome, Firefox, or any other browser of your choice. 

• Then visit this website https://blockwallet.io/ 

• If you are a Chrome user, then tap the ‘Download for Chrome Button’.

• Then click the ‘Add to browser’ button. 

• Right after this a Pop-Up window will open and there you have to tap on the ‘Add Extension’ button.

• Wait for a few minutes till the installation is completed. 

• After the procedure has been finished successfully, the browser will be made available in the top right corner waiting to be used.

As we have already discussed this wallet can be used only as the browser extension. As of now, there is no mobile application made for the traders to use the said wallet. If you have installed the Blockwallet for Chrome and Firefox, then get started with the below-stated procedure to know the setup steps:

• From the toolbar of your browser extension, open the installed extension of the wallet.

• Then press the ‘Get Started’ button.

• Click ‘Create new wallet’.

• You will now be prompted to create the wallet password to prevent any kind of unwanted access to the wallet.

• Re-confirm the password by entering it again in the below text field given on the screen.

• Now your 12-word Seed recovery phrase will be generated. And you have to ensure that this seed phrase has been kept safely. Because if you lost this phrase then the retrieving of your wallet account will be next to impossible.

• And to ensure that you have stored the correct seed phrase, you will have to select the words shown on the screen in the same sequence as your phrase was generated.

• Then press ‘Confirm’.

After the successful execution of these steps, your account setup procedure will be completed. And now you can begin your dealings with BlockWallet coin or any other coin.

Given below are the few issues that are being faced by the users while using the wallet. Although the occurrence of these issues is not regular you can say that the users should have a slight knowledge of the errors they could face on the wallet:

• Data Unavailability

The data showcased on the wallet is given by the listed providers. But if by chance there are no providers available then it may result in the data unavailability.

• Not Opening of Extension

If the Block Wallet extension has not been used in a while, then the extension may give problems to start because it might be working on the outdated version.

• Your Wallet account has been Frozen

Several reasons could result in your account getting frozen. Such as you might have violated any policies of the platform. However, you can try to reinstall the browser extension and then import your wallet account with the help of the seed phrase. In most of the cases, this technique always works.

We hope that our guide on Block Wallet was able to provide you with all the needed answers related to this underrated wallet. The wallet has not received the recognition as the other software wallets, but step-by-step all the users are becoming more aware of the existence of this wallet. And if you want to indulge deeper into the details of this wallet, then visit the website https://blockwallet.io/features/hardware-wallet and view all the data on it.

Is Block Wallet safe? 

Yes, the Block wallet is completely safe for the users. The wallet prevents sharing of your IP Address saving you from becoming a target of hackers. None of the other crypto software wallets have this feature of concealing the IP Address. Thus making your account an easy target in the eyes of hackers.

How do I log into my blockwallet? 

Logging into the wallet is not a difficult task. From the toolbar of your browser open the extension installed and then press login. After that enter all the details asked on the screen. However, it will only ask for the account passcode and nothing else.

How do I recover my block wallet?

Recovering Block Wallet can be easily done with the help of your 12-word seed recovery phrase. Once you open the extension and tap on the ‘Import Wallet’ button, you will have to enter the seed phrase in the same sequence as it was provided for recovering your Block wallet account.