How To Send Hbar To Ledger

admin 09/12/2022 Cryptocurrency 0 Views

Wallets inside a wallet

Wallawallet is non like other wallets that you may have experience with. The reason for this, is that HBAR, the native cryptocurrency of Hedera Hashgraph, is non similar other cryptocurrencies you may accept experience with.

Most blockchains will give you a public key, which you can so give to others that y’all want to transact with. Hedera, on the other hand, gives you something called an business relationship id. These accounts do not require whatsoever type of registration or KYC (Know Your Client/identification). Hedera accounts tin do the usual things you lot would expect, such as sending and receiving HBAR, only they tin as well exercise much more. With a Hedera account many advanced features such every bit multi-signature and threshold central direction are possible.

Within Wallawallet y’all can create multiple wallets. Within each wallet, you can create multiple accounts. Your typical user will probably only need one wallet, and ane or ii accounts in that wallet. Ability users on the other hand, that want to take full advantage of Hedera features, will find great utility in our approach to handling multiple HBAR wallets and Hedera accounts, within Wallawallet. (phew thats a lot of wallets) 🙂

Getting started

REQUIREMENTS for iOS:

iOS version 10 (12 or higher recommended)
Yous must accept a passcode enabled on the device
You must take biometric capability (confront or fingerprint) and a face or fingerprint enrolled on the device
You lot cannot change the biometric or remove the passcode without destroying wallet data (if this does happen y’all tin can restore with proper recovery phrases and account ids)

REQUIREMENTS for Android:

Android 9 ‘Pie’ or above
You lot must have biometric adequacy (face or fingerprint) and a face or fingerprint enrolled on the device
You cannot change the biometric or remove the passcode without destroying wallet information (if this does happen you tin restore with proper recovery phrases and business relationship ids)

When you install and open your Wallawallet app, this is where you will get started. The kickoff matter we volition look at, is how to restore an existing Hedera account. This is for Hedera users who already have an business relationship and want to bring their account into Wallawallet. Tap the ‘Restore Wallet’ button. New wallets are covered in the next section.

The ‘more than info’ link brings y’all to the page you are currently reading.

The ‘New Wallet’ button allows you lot to create your first wallet within the Wallawallet app.

The ‘Restore Wallet’ push volition allow yous to restore an existing Hedera wallet or account and add it to Wallawallet.

If you want to buy HBAR, you kickoff have to set up your Wallawallet. Once it is set up you lot can employ our MoonPay widget to purchase HBAR and transport it directly to your Wallawallet. Tap the ‘Buy’ button in the lower nav bar to access the MoonPay widget.

These are a few important things to annotation about Wallawallet:

You can manage multiple HBAR wallets within Wallawallet.
Each wallet within Wallawallet has its own recovery phrase. This recovery phrase needs to exist kept safety and individual; your funds depend on information technology. Please, please, please keep your recovery phrase safe. You can acquire more about security and all-time practices on our ‘All-time practices’ page.
Each wallet may control one or more than accounts.
Each account id needs to exist kept safe along with its wallet recovery phrase.

Legal stuff

This is where you will accept the terms of service and privacy policy.

TLDR TOS: Your crypto is your responsibleness. We will do our all-time to aid you but we are not liable. With freedom comes responsibleness.

TLDR Privacy policy: We don’t care who you are and we won’t sell your information unless you tell usa we tin. Nosotros don’t accept much data on you anyway because at that place is no registration and no KYC required to utilize Wallawallet.

Restoring an existing business relationship and/or wallet

Tap ‘Restore Wallet’ to begin.

If yous want to restore an existing Hedera account and/or wallet, employ the appropriate recovery phrase.

Label the wallet with a name and then enter the recovery phrase of the wallet or account you lot want to restore. One time you have entered the right recovery phrase, tap the ‘Next: Verify Recovery Phrase’ button.

Users need to verify the recovery phrase one more than time by putting phrase words in their correct order. For more information almost keys and recovery phrases and how best to protect them, visit our
‘All-time practices’
folio. Tap ‘Terminate Wallet Setup’ to continue.

Your wallet setup is complete and now we tin can see our newly restored wallet, named ‘TestWallet’ in the primary wallets page. We can’t see our restored account simply yet but now that we accept a wallet with the proper recovery phrase, restoring the account itself is a piece of cake. Tap the wallet card.

Tap the ‘+’ symbol at the height correct or the ‘Add together Account’ push at the bottom to bring your existing Hedera business relationship into the wallet.

Hither we are given the opportunity to view the recovery phrase over again; it is the aforementioned recovery phrase we used to restore the wallet in previous steps. Walla tells u.s. which wallet the business relationship volition exist added to, and let’s tap ‘Restore Account’.

We need to enter the appropriate account id that we want to restore, in this instance the business relationship I desire to restore is 0.0.118849. I will get out the account proper name blank for simplicity, the account id is proficient enough for me but you can proper name information technology. One time you lot have entered the account id, tap ‘Restore Account’.

Now we can encounter our restored business relationship, inside the restored wallet, both of which are associated with the same recovery phrase. The account bar shows whatever hbar we hold in that account. If we tap the account bar, nosotros tin can so look at its transaction records and apply information technology to send or receive. The account has been restored.

Getting started with a new wallet

To go started with a new Hedera account, first we need to create a new wallet in Walla, that will hold the account. Tap ‘New Wallet’.

Keep your recovery phrase prophylactic

This page is where you choose a proper noun for the wallet you are creating and, more chiefly, this is your start opportunity to salvage the recovery phrase.

Recall, you can create more than ane wallet within the Wallawallet app. Each wallet you create will take its own unique recovery phrase. Inside each unique wallet, you lot can create multiple Hedera accounts.

The only mode to recover your Hedera accounts is past keeping your wallet recovery phrases, and all of the account ids in that wallet, safely documented. Your wallet is not saved or stored in the cloud or anywhere else other than your device.

YOU MUST Document THE RECOVERY PHRASES AND Business relationship IDS!

Plan for worst case scenarios similar your telephone getting lost or stolen. Yous can learn more about best security and practices on our

‘Best Practices’

folio.

You must check the box stating that y’all sympathize the importance of all this before you lot can proceed in the app.

Selecting the clipboard icon for the recovery phrase will let you to re-create the recovery phrase so you can then paste it into a notepad or into an email to ship to yourself for safe keeping.

This popup is warning y’all that there are some inherent security risks in copying your recovery phrase to a clipboard. The ‘more than info’ link will take you lot to a more detailed explanation.

Earlier you lot can keep and finish your new wallet setup, you must enter your wallet recovery phrase, in the correct word order. This is to verify, to the best of our ability, that yous take in fact saved your wallet recovery phrase and that information technology is safe to keep and finish your wallet setup.

Using your newly created wallet

Later on creating a new HBAR wallet with the Wallawallet app, you lot will be brought back to the wallet main page where your HBAR wallets are displayed.

In this example, we take but created a new wallet named ‘TestWallet’.

The ‘+’ symbol will allow you to add another wallet.

Tapping the wallet card will take you lot into that wallet where you volition be able to add Hedera accounts. The key icon in the wallet will reveal the ‘TestWallet’ recovery phrase.

Creating Hedera Accounts

Tap the ‘+’ symbol at the top correct or the ‘Add Account’ push at the bottom to create a new Hedera account in the wallet.

Here nosotros are given the opportunity to view the recovery phrase once more; it is the aforementioned recovery phrase we used to create the wallet in previous steps. Walla tells us which wallet the business relationship will be added to, and allow’due south tap ‘New Account’.

Here we are beingness reminded that creating Hedera accounts, costs a small corporeality of hbar.

Hedera charges a small account cosmos fee to prevent bad actors from spinning upwardly unlimited accounts to assail the network.

If y’all have an existing business relationship you need to pay for additional accounts. If y’all have no accounts, you will be able to create one complimentary account.

Tap ‘Go a new account ID’.

Your new Hedera account id is displayed with the option to re-create it to your clipboard.

You can display your wallet and account recovery phrase again.

Practice NOT FORGET TO DOCUMENT YOUR RECOVERY PHRASE AND ACCOUNT ID!!!

Tap ‘Close’ once you have safely documented your recovery phrase and account id.

Once you lot take created a Wallawallet and a Hedera business relationship to go in it, you volition be brought back to the master wallets page.

You are now able to buy HBAR via the MoonPay widget by borer the ‘Purchase’ button in the nav bar at the lesser of the app.

‘Payment Account for Account Cosmos’ is the setting you lot use to determine which of your accounts will pay for the creation of additional accounts in Wallawallet.

Your first Hedera account is costless with Wallawallet. Additional accounts cost $0.01 worth of HBAR.

Nosotros accept selected one of our existing accounts that volition pay for the creation of additional Hedera accounts.

Best practices

Learning how to safely and securely use cryptocurrency takes some fourth dimension. There are many proficient resource online for learning crypto ‘best practices’ and so I volition not be spending a whole lot of time on the subject field but there are a few items that are relevant to Wallawallet that I volition share below.

Settings: Authentication timeout

By default, Wallawallet will brand you lot cosign sure deportment later a 10 second timeout. If you are getting annoyed by how frequently you have to authenticate with your fingerprint or facial recognition, change this setting to 1 or 5 minutes. You lot can make the timeout longer than 5 minutes but be aware that this is a security gamble, ten or xv minutes is a long fourth dimension to let your authentication linger.

New wallet and recovery phrase

Keeping your recovery phrase and business relationship ids safely documented is the most of import step to having a successful feel with your HBAR.

Your wallet is not saved in the cloud or anywhere other than on your device. This is for security reasons; no one should have access to your HBAR but you.

The only manner to recover your wallet and its associated accounts when something goes wrong is with the wallet recovery phrase and the associated business relationship ids. Please safely document all of these.

It is best to programme for worst case scenarios such as:

you accidentally delete your wallet and accounts
your phone gets lost, stolen or hacked or,
your business firm burns downwardly

We sincerely hope none of these things happen to you, but most likely, something Will HAPPEN. Please, please, delight safely document your recovery phrase and account ids

The clipboard dilemma

When you re-create and paste text or images, the data you are copying gets stored in the clipboard until you re-create something else. The clipboard is visible to many other services running on your device and is therefore a potential security risk for moving around sensitive information similar a password, or in our example, a wallet recovery phrase. While this security risk is real, some would debate that if your device has been compromised at this level, you lot probably have bigger problems on your hands such as keyloggers and other malware.

Copy and paste are very convenient tools then in this case we leave it up to the informed user. I suggestion; if you do use the re-create and paste feature, copy something else that is not sensitive when you’re done using it. If you re-create some random text it will clear out the sensitive data from your clipboard and replace it with the random text.

For more discussion on this topic, check out this thread from
stackexchange.com.

Viewing a recovery phrase

Only viewing your recovery phrase does have some security risk.

Is your arch nemesis looking over your shoulder? Are there drones or satellites watching your every move?

These are farthermost cases, I hope you lot don’t have an curvation nemesis, but in whatever example, be careful how you view your recovery phrase.

The recovery phrase is like the combination to a prophylactic, go on it protected and guard confronting prying optics.

Account creation and recovery

With Wallawallet, Hedera accounts are protected, restored, and managed, by the recovery phrase of the wallet that the account is in.

Retrieve of the Wallawallet application similar a file cabinet. In the file chiffonier are drawers with their own unique lock and key; the drawers are like the private wallets within Wallawallet and the locks and keys are the wallet recovery phrases. Inside the drawers are folders; the folders are like the individual Hedera accounts. In each folder (account) are all the transaction records for the account as well as the send and receive features.

If you are creating a new Hedera business relationship, you first need to create or select a wallet to add together the business relationship to. In our example, the wallet’s name is ‘TestWallet’. The new account volition be controlled by that wallet’s recovery phrase. If y’all are restoring an existing Hedera account, yous first need to ‘restore’ a wallet using the recovery phrase of your existing account. Once you have done this yous can restore accounts merely by tapping ‘Restore Account’ and entering the account id. Every bit long every bit the account shares the individual wallet’southward recovery phrase, yous will be able to restore the account in that wallet.

Account creation types, gratuitous or fee:

Creating a free business relationship

Here we are being reminded that creating Hedera accounts, costs a small amount of hbar.

Hedera charges a modest account creation fee to prevent bad actors from spinning upwardly unlimited accounts to set on the network.

If you have an existing business relationship you need to pay for additional accounts. If y’all have no accounts, you lot become this bulletin and are able to create ane complimentary account

Choosing an business relationship to embrace fees

We have selected one of our existing accounts that volition pay for the creation of boosted Hedera accounts.

Hedera charges a small account creation fee to prevent bad actors from spinning upward unlimited accounts to assail the network.

If you accept an existing account you need to pay for boosted accounts. Choose the account that will pay.

Account creation alarm

Hedera charges a small fee for account creation. This is to prevent malicious users from creating an unlimited number of accounts to attack the network.

Wallawallet pays for the get-go Hedera business relationship that you create within the awarding. Additional account creations beyond the kickoff, will crave that you have an account with enough hbar to pay Hedera’s account cosmos fee.

Select which account volition pay these fees in the Wallawallet ‘Settings’ menu.

Fees

There is a popular saying amongst the Hedera customs: “In that location is no such thing as a free luncheon.”It is of import to remember that everything has a toll. We charge small fees to cover our hosting costs.

Hedera charges transaction fees to support the network and brand information technology more than secure; and so does Wallawallet. In this payment confirmation we present to the user:

the hbar marketplace price at or well-nigh the time of transaction
the payment that is being sent; in this example it is $0.10 or 1ħ
the Wallawallet transaction fee: 0.20% for less than $five and 0.20% + $0.01 for more than $5
there are no fees for sending HBAR to 1 of your own accounts in Wallawallet
the total estimated transaction
the sending and receiving accounts

Wallawallet has a maximum fee cap of $5 for big transactions. This means that y’all will non be charged more than $five for any transaction regardless of the amount.

For transactions less than $five, but the 0.20% transaction fee is charged and the additional $0.01 fee is waived.