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What is an Imtoken Wallet? Complete tutorial of my token wallet

As you know, before buying or extracting digital currencies, you should choose a suitable and safe wallet for managing and storing your digital assets. IMToken wallet is one of the wallets on the market that offers many attractive features and facilities. In token Wallet is a mobile wallet whose most important advantages are ease of use, user-friendly design, and support for ERC-20 and ERC-721 tokens. Follow us in this article to get acquainted with all the features of this attractive wallet and how to work with it.

What is my token wallet?

ImToken Wallet is a cryptocurrency wallet that supports the three major bitcoins Bitcoin (BTC), Atrium (ETH), and IOS (EOS). In addition, you can also manually add ERC-20 and ERC-721 tokens and IAS-based tokens to your Imtoken wallet. Thus, it can be said that the Icon Token wallet supports more than a thousand digital currencies. Imtoken wallet

ImToken mobile wallet is available for both Android and iOS operating systems. It should be noted that the size of the Imtoken wallet app is about 50 MB, So you have to have the necessary space for it on your mobile phone.

In 2019, the hardware version of the Imtoken wallet was also released under the name imKey, which allows offline management of digital assets. You can use this hardware wallet alone or connect it to the mobile version of the IM Token wallet via Bluetooth.

Advantages and disadvantages of Imtoken wallet

Like any other cryptocurrency wallet, the Imtoken wallet has its advantages and disadvantages, which we will examine below.

Benefits of ImToken Wallet

My token wallet is a hierarchical definite (HD) wallet. This means that your wallet creates a new public address for each transaction.

Imtoken Wallet has an integrated exchange for your coins and a swap token option in its user interface. Internal token wallet exchange has been developed in cooperation with the Kyber network.

Imtoken Wallet is an open-source wallet; all users can see the project code and suggest changes to improve it. Additionally, you can access the latest updates and solutions to some common problems in the token community.

Disadvantages of the token wallet

My token wallet uses only one-factor authentication. This means that there is no additional layer of security other than the initial encryption to protect your funds.

Imtoken Wallet does not support Fiat currencies. Therefore, users can not buy passwords in this wallet using Fiat money and have to use an external service. In addition, there is no multi-signature capability; This means that you are responsible for broadcasting the transaction on the network without the need for additional verification.

Is my token wallet safe?

Imtoken Wallet offers powerful encryption technology to keep your coins safe. You can also recover your account with your seed statement. Therefore, you can use this phrase to retrieve your funds on another device. Imtoken wallet

The My Token wallet is HD, and you will receive a new public address every time you make a transaction. Because of this, your inventory will remain anonymous, and tracking your transactions will be difficult.

A transaction fee in the Imtoken wallet

Transaction fees in IM Token wallet are completely under your control. There is a slider to adjust the fees. If you set a higher fee, your transaction will be added to the blockchain more quickly and vice versa. It should be noted that in the internal exchange of the Imtoken wallet, no additional commission is deducted for swapping digital currencies.

How to use IM Token wallet

Follow the steps below to install and start using Imtoken Wallet.

1. Install a wallet

To install the IM Token wallet on your mobile device, you must first download it. Depending on your mobile operating system, download and install the wallet app from the Google Play Store or App Store. Then, please create an account for yourself and choose a strong password. You will then receive your recovery phrase. Keep this phrase in a safe place; Because the key is to recover your funds.

To install IM Token wallet, you can go to the official website.

2. Wallet interface

I'm a token wallet

On the i-Token wallet home page, you will find information about your digital currencies and their value in Fiat currency. There is a menu with all your received URLs and QR code provided by HD Generator. On this page, you can also see the Send and Receive tabs and the internal exchange option. Finally, a My Profile menu displays your personal account information.

3. Create an address

I'm a token wallet

To create an address, first, run the program. After creating an account for yourself, your address will be generated automatically.

4. Send and receive digital assets

To use the send menu, enter an address to transfer your coins. Enter the amount, set the fee, and then confirm the transaction. I'm a token wallet

Getting digital assets in Imtoken wallets is just as easy. To do this, go to the dedicated download tab and create a new public address. Thanks to the HD generator, you can have a new address every time. I'm a token wallet

Summary

This article introduced the IM Token wallet and taught you how to work with it.

IM Token Wallet is a multi-asset wallet that offers attractive features to users. Imtoken Wallet provides a powerful encryption technology to keep your coins safe. In addition, since the IM Token wallet is a mobile wallet, it is very easy to access, and users can manage their cryptographic assets anytime, anywhere.