Once done you get access to a truly awesome mobile wallet. Once you’ve created a wallet in the previous steps you are ready to use the Wallet app.Īfter agreeing to the terms & conditions and privacy policy you will be asked to link your newly created wallet. This brings us to the next step in the process, actually sending and receiving transactions with the Samsung Blockchain Wallet. You can send and receive cryptocurrencies and use decentralized apps with Samsung Blockchain Wallet. You can sign blockchain transactions safely in a secure area of your phone separately from other apps. You’ll need your recovery phrase to recover your wallet later on another device or software, so make sure you have your recovery phrase in a safe place before you reset.Ī user is then prompted to agree to the terms & conditions and privacy policy.Īfter this, the below message is displayed: You can reset Samsung Blockchain Keystore and remove your private key from this phone by going to Settings > Reset Blockchain Keystore. To see the phrase you’ll need to verify your identity using your PIN or biometrics. To check your recovery phrase after you’ve created your wallet, go to Settings > Recovery phrase.
If you already have a cryptocurrency wallet from another device or software, you can recover the wallet on this phone by entering the recovery phrase you received when you created the wallet for the first time. Make sure you keep your recovery phrase in a safe place and don’t share it with anyone. This recovery phrase is the only way you can recover your wallet on another device if your phone is lost or stolen. a 12-word recovery phrase is also created.
When you use Samsung Blockchain Keystore for the first time, a private key is created and stored in your phone’s secure area. Samsung Blockchain Keystore uses a secure area of your phone to keep your private keys safe. Anyone with access to your private keys can sign transactions and spend your cryptocurrency without your permission. Your private key is used to sign transactions and must be kept secret. Your public key is used to create your account address and can be safely shared with others. To complete a blockchain transaction, you need both a public key and a private key.
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