🔐 How to Create a Self-Custody Wallet

A self-custody wallet gives you complete control over your digital assets, ensuring that only you have access to your funds. Below are detailed steps to set up three popular wallets compatible with $XDCAI tokens.

🦊 MetaMask Wallet Setup

MetaMask is a widely-used Ethereum-based wallet that supports various networks, including the XDC Network.

Step 1: Install MetaMask
Browser Extension: Visit MetaMask.io and download the extension for Chrome, Firefox, Brave, or Edge.
Mobile App: Download from the App Store or Google Play.

Step 2: Create a New Wallet

1. Open MetaMask and click “Get Started”
2. Select “Create a Wallet”
3. Create a strong password
4. Securely back up your Secret Recovery Phrase (12 words). Store it offline in a safe place.

Never share your Secret Recovery Phrase. Anyone with access to it can control your wallet.

Step 3: Add the XDC Network

1. Click on the network dropdown at the top of MetaMask
2. Select “Add Network” and enter the following details:

• Network Name: XDC Network
• New RPC URL: https://erpc.xinfin.network
• Chain ID: 50
• Currency Symbol: XDC
• Block Explorer URL: https://xdcscan.com/

Click “Save”. Ensure you’re connected to the XDC Network when managing XDCAI tokens.

🦅 Coinbase Wallet Setup

Coinbase Wallet is a self-custody wallet separate from the Coinbase exchange, allowing you to manage your crypto assets independently.

Step 1: Install Coinbase Wallet
Browser Extension: Download from the Chrome Web Store
Mobile App: Download from the App Store or Google Play

Step 2: Create a New Wallet

1. Open Coinbase Wallet and select “Create new wallet”
2. Securely back up your 12-word Recovery Phrase. Store it offline in a safe place
3. Set a strong password
4. Optionally, claim a username for easier transactions

Your recovery phrase is crucial for accessing your wallet. Keep it confidential and secure.

👻 Phantom Wallet Setup

Phantom Wallet is a user-friendly wallet primarily for the Solana ecosystem but has expanded support for Ethereum and other networks.

Step 1: Install Phantom Wallet
Browser Extension: Download from Phantom.app for Chrome, Firefox, Brave, or Edge
Mobile App: Download from the App Store or Google Play

Step 2: Create a New Wallet

Open Phantom and click “Create New Wallet”. Choose your preferred sign-up method:

• Email (Google or Apple ID): Set up a 4-digit PIN
• Seed Phrase: Securely back up your Secret Recovery Phrase

Store your recovery phrase securely and never share it.

🛡️ Security Best Practices

• Backup Recovery Phrase: Write down your recovery phrases and store them offline in multiple secure locations.
• Beware of Phishing: Only download wallet apps from official sources. Never share your recovery phrase or private keys.
• Use Hardware Wallet: For added security, consider using hardware wallets like Ledger or Trezor.
• Stay Updated: Regularly update your wallet applications to the latest versions.