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Wallet basics

Wallet Guide

Learn the basics of choosing a wallet, protecting access to it, and checking transfers carefully.

Choose a wallet

Check which assets and networks a wallet supports before using it, and understand who controls its keys.

Back up securely

Store your recovery phrase offline in a private place. Never share it or enter it on a page you do not trust.

Check every transfer

Verify the destination address, network, and amount before confirming a transaction. Transfers may be irreversible.

A safer wallet setup, step by step

Wallets differ in how keys are stored, which networks they support, and who can authorize transactions. Understand the setup before sending assets to a new address.

1. Check compatibility

Confirm the asset and network are supported by both the sending and receiving wallet. A matching token name does not guarantee that two networks are compatible.

2. Protect the backup

Follow the wallet provider's official backup instructions. Keep recovery material offline and private; do not store it in screenshots, chat, or ordinary email.

3. Verify a small transfer

When appropriate, confirm the recipient, network, and fees with a small test transfer before sending a larger amount. Never skip address verification.

4. Review permissions

Understand what a wallet connection or token approval permits. Disconnecting an app may not revoke an on-chain approval; use the network's trusted tools to review permissions.

Important: Transactions may be irreversible. ForexWallet is not connected to a wallet and cannot recover funds, reverse transfers, or verify an address for you.