A cryptocurrency wallet is a unique address that holds the cryptocurrency of the blockchain the wallet is created on. For example Ether is held in a wallet on the Ethereum blockchain. Ether cannot be held, sent or received in a Bitcoin wallet.
You can have multiple wallets on the same blockchain, for example, if you hold Bitcoin on 3 different exchanges, you will have 3 unique wallet addresses on the bitcoin blockchain (one on each exchange).
A user on INX can have a wallet for each available cryptocurrency such as Bitcoin, Ethereum, Litecoin, ZCash wallet and so on.
To help understand what a crypto wallet is, please also read about blockchains?
To create a wallet on INX, follow these instructions
- Navigate to MyWallets
- Click on the Deposit Arrow (or the Withdraw Arrow for sending cryptocurrency)
- This will reveal your unique INX wallet address on the blockchain of the cryptocurrency you selected
- Notice that you are able to generate more than one unique address if needed
- In this example you may now receive ZEC into this wallet.
Examples, diagrams, and charts are for illustrative and educational purposes. INX relies on information from various sources believed to be reliable, including from customers and third parties, but cannot guarantee its accuracy or completeness. INX is not engaged in the business of the offer, sale or trading of securities, is not registered with the U.S. Securities and Exchange Commission, and does not provide legal, tax, or investment advice. Cryptocurrency and other digital asset holdings are speculative in nature and involve substantial risk, including the risk of complete loss. Learn more about these risks here.
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