WAX Cloud Wallet is a simple yet powerful cryptocurrency wallet that allows you to log into WAX blockchain applications easily, without the need to manage private keys. It is available on desktop and mobile. It is convenient and secure – users’ credentials and digital assets are protected.
This article will describe the Wax wallet, its functionalities, how to use it, and finally, describe the Wax Eth bridge.
Creating a WAX Cloud Wallet account is very easy and can be done using an account on any major social platform. You will start the process of creating a wallet by going to wallet.wax.io and choosing one of the available login options. This automatically takes you to your wallet.
Your account name or wallet address is at the top right of the page and ends with ‘.wam’.
Before you are able to fully use your WAX account, you will have to add some funds/WAX to it.
Funding your WAX account is very easy and can be done in three ways;
This is one of the easiest methods. Buying WAX using a credit card can be done directly from the wallet by clicking on the ‘Buy WAX’ button in the column on the right. The only downside to this method is the exchange rates which will be at times, not the best.
The second method to buying WAX is buying on an exchange and sending the WAX to your account. This method is most convenient if you already hold other cryptocurrencies, or if you want the best exchange rates. You can check the exchanges where you can buy WAX on CMC.
The last method to fund your account is by sending WAX from another WAX account. This method is only applicable if you already have another WAX account and want to have a WAX Cloud Wallet account.
With Wax Cloud Wallet, you can;
You can send WAX to another account by clicking ‘Send’ at the top right of the page on wallet.wax.io.
On your WCW, you can;
Once you have NFT on your wallet, you can send to another account by;
WAX Token holders can earn WAX Staking Rewards by staking their WAX Tokens and then voting. Right now, you can vote for WAX Guilds. You can vote every week to maximize your WAX Staking Rewards.
You can also interact with a dApp using your WAX Cloud Wallet. To start, navigate to the dApp you want to use, and click on the login button. If the option to connect with the WAX Cloud Wallet is available, click on it.
Wax is building the WAX Ethereum Virtual Machine that will act as a way to establish a path for developers on Ethereum to use WAX’s technology and Proof of Stake (PoS) system to avoid high gas fees and lengthy transaction times.
With the use of the EVM, all smart contracts compatible with Ethereum can function on the WAX Blockchain without fees — and all of this while avoiding changes to the original coding and providing faster run times for smart contracts users.
If you want to exchange ETH for WAX, or vice-a-versa, you might want to use the WAX Eth bridge. It is available and accessible through the Wax wallet and allows users to transfer assets either way. In addition, it enables the transfer of ERC20 tokens such as ETH, BUSD, USDT, and DAI.
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