Keplr Wallet Extension for Chrome and Firefox
Keplr is an open-source mobile application, web app, and browser extension wallet that supports the cosmos interchain ecosystem. It offers functionalities of account and wallet management for all cosmos-based Blockchain. This means that the Keplr can swap between chains, and this allows chains to speak to each other on data. In addition, the extension of the Keplr wallet only supports chromium-based browsers, and remember that anyone can take your asset by using your seed phrase, so keep it safe. Both beginners and experienced users can manage their cryptocurrencies by signing on to the Keplr wallet. But if you still haven't created a wallet, download the Keplr extension and create a new account on the Keplr wallet.
Why Choose the Keplr Wallet?
The private keys are stored narrowly. This removes the risk and friction of web pages having to handle user private keys securely and safely.
As the website does not handle the customer's private key, users don't have to worry about the website's security level. Only the users have to believe the security guarantees of Keplr and freely connect with different web applications as they want (and verify the transaction contents)
Keplr wallet connects easily to libraries such as CosmJS, simplifying the procedure of merging webpages to Blockchain.
Guide to Setting up Keplr Wallet
To create a new wallet, you have to install the Keplr wallet extension from your chrome web store. Once it is downloaded, you can follow the below steps:
First, tap on the "Installed Keplr Extension '' that will prompt on your browser.
Click the "Create a New Wallet" button for a new wallet. If you already created your account, then choose "Import an Existing Account" with the recovery phrase you got from the previous creating account step.
After clicking the "Create New Wallet" option, the "Seed/Memoric Phrase" of a total of 24 words will open on your screen. Be sure to save all the words or note down all the words on paper and then store them on paper.
After that, enter the "Account Name" you want and tap the "Next" button.
To confirm the creation, you have to click the "Words" in the correct order in which they appear in your mnemonic phrase. Tap the "Register" button.
Then, set a "Strong Password" and click the "Done" button. Now your account is ready on the Keplr wallet.
How to Fund on Keplr Wallet with ATOM
After downloading the Keplr extension on your browser and creating a new wallet, you have first to open the Keplr Wallet Browser Extension.
Then, find and select the "Deposit" option.
After that, go to the wallet or exchange where your cosmos ATOMs are stored. Then, send your ATOMs to the wallet address of the Keplr you just copied.
After doing this, your digital assets will appear in your Keplr wallet.
How to stake your tokens
Open the Keplr wallet extension on your browser, select the "Stake" option, and you will be redirected to the wallet web version.
All validators implementing the active set will be advertised here. Also, you can see the information on each of them, the ATOMs at stake already, and the awaited commissions.
Once you choose your validator, select the "Stake Option." In this window, you also have to choose the "ATOMs Number" you wish to delegate to that validator. After entering it, press the "Stake" option again to continue.
Now the next screen is about the choice of applicable commission for the transaction payment of the chain.
If the information matches your request, tap the "Approve" button to finish the operation.
Introducing the major features of the Keplr Wallet
This approaching wallet is verified to be a top competitor to wallets like MetaMask, as it facilitates crypto transactions across different types of Blockchain.
Unlike most wallets, with Keplr, you won't need to download a separate wallet to start transactions with digital assets from various Blockchain networks. Its assimilation into the cosmos ecosystem allows it to easily process transactions that need moving tokens from the chain to others.
Keplr wallet comes with inter-Blockchain communication, which is one of the best features that Keplr has.
The IBC technology in Keplr allows users to store and stake different cryptocurrencies all from one wallet.
With staking, users earn rewards that can be re-staked for redeemed or compound interest for whatever purpose they want. Plus, Keplr lets you control your crypto assets as it is a non-custodial wallet. Also, you can participate in airdrop and collect stake rewards from unique aviators.
All your digital assets are displayed with $USD values making it simple for new users to understand. What's more, Keplr lets you change from the default currency value to a currency you prefer.
Conclusion
The Keplr Wallet is a non-custodial Blockchain wallet for web pages that let their users collaborate with Blockchain applications. Also, it's a web-based wallet for the cosmos ecosystem, including IBC-enabled tender mint chains, which is usable via the Keplr dashboard and as a chrome browser extension. If you don't have any ATOM in your wallet, then first set up your Keplr wallet and fund it with ATOM. The procedure for creating a new wallet is mentioned in the above section. Once you create your new Keplr wallet, you can start funding tokens and staking your tokens with ease.