1. Wallet Setup

To get started on Xchange, the first thing you'll need is to set up a wallet that supports Arbitrum. Wallets are available both on desktop computers and on smartphone devices. You'll need to choose the wallet that fits your needs best.

When you're setting up a wallet, be sure to: ==- Best Practices

✅ Download and install only the latest version from an official source.

✅ Follow the setup guide carefully.

✅ Safely back up your recovery phrases.

❌ NEVER share your recovery phrases with anyone, under any circumstances.

❌ NEVER input your recovery phrase to a website or app, other than your wallet app.

==-

Wallets

+++ Metamask Install Metamask

MetaMask is the leading self-custodial wallet. The safe and simple way to access blockchain applications and web3. Trusted by millions of users worldwide.

​Pros

• Open source for auditability
• A strong history of security and reliability
• A large amount of how-to guides and resources online
• Many tools and custom settings
• Offers ETH purchases with Transak
• Supports a very large number of languages
• Is also available a browser plugin for desktop devices

Cons for Metamask

• Longer setup time than other options
• Extra information and settings may confuse beginners

+++ Trust Wallet Install Trust Wallet

Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.

Pros

• Open source for auditability
• Backed by the Binance cryptocurrency exchange
• Easily switch between several crypto networks
• Includes networks by default
• Includes in-wallet staking options
• Has additional features such as NFT collection, BNB staking, and DApp access within the wallet

Cons

• Language tied to phone settings
• Limited DApps
• Transaction notifications can be delayed

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