IoPay cryptocurrency wallet installation instructions
IoPay - the official crypto wallet of the IoTeX project - allows users to safely and easily store, transfer, earn IOTX cryptocurrency and XRC-20 and XRC-721 (NFT) tokens
In this review, we will introduce you to the IoPay cryptocurrency wallet, install the desktop version of this wallet, carry out a test payment of the IOTX coin from the binance cryptocurrency exchange (replenish the wallet balance), and talk about the security of storing cryptocurrencies.
After studying this review, everyone will be able to easily and simply receive, send, earn and store cryptocurrency and tokens of the IoTeX ecosystem.
IoPay is a secure and reliable cryptocurrency wallet that gives you access to the IoTeX, Ethereum and Binance ecosystem.
Just install this wallet, download it from the official IoTeX website.
Please note!
IoTeX does not store your private key on the server. The private key is generated only in your browser.
Make a backup of your private key because you will be using it to access your wallet.
If you lose your private key, it cannot be recovered.
The first thing to start with after creating a new wallet is to save the private key, mnemonic phrase, and keystore file in a safe place.
It is very important to keep these files in a securely protected place, the safety of your coins and tokens depends on it!
Duplicate the password and mnemonic phrase on paper and keep this document in a safe place.
You can view your private key and download the keystore file here:
IoPay replenishment from the Binance
Now that your new wallet has been created, the passwords and mnemonic phrase have been saved, you need to top up the balance of the new wallet. For example, I will transfer 10 IOTX from the Binance cryptocurrency exchange.
The fee for transferring 10 coins is 0.1 IOTX.
For example, I sent a different amount, commission for transferring 1500 coins 0.1 IOTX
The payment is done very quickly, we check the balance of coins in the IoPay wallet:
Transaction data is stored on the IoTeX blockchain
Transferring IOTX from IoPay to Binance
The IOTX cryptocurrency has established itself well as a means of payments with instant transfer speed and low transaction costs. Now we will learn how to transfer coins from a wallet to a crypto exchange.
Go to the fiat and spot wallet in your Binance account and select the IOTX coin.
Copy the IOTX address and go to IoPay
Insert the address, indicate the transfer amount (I transfer 5 IOTX) and press the Send Action button.
We confirm that the payment was successfully completed, this confirms the address of the transaction
IOTX are credited almost instantly, the change in the deposit is displayed on the binance side
Voting for delegates
The IoTeX network is served by over 100 decentralized delegates. By placing a Delegate bet, you can participate in network governance and earn IOTX rewards right from your IoPay wallet!
You are now ready to enjoy the safe and secure IoPay cryptocurrency wallet. At the end of this review, I want to remind you that cybersecurity experts recommend closing and exiting your wallet at the end of each session.
And one moment. Before topping up your IoPay crypto wallet for large amounts of cryptocurrency, check your saved passwords and mnemonic phrase, close the wallet, then test log in to your wallet using the mnemonic phrase.
You can read more about the IoTeX project on our website cryptocoinexpert.info, for a deeper acquaintance with the project, we recommend reading the review of the IOTX coin. We wish you success and prosperity!