Stacks Wallet is a software program for storing, managing and trading STX. After setting up the wallet, users can send, receive, buy, sell and pledge STX, as well as send NFTs, participate in governance and view transaction records. To stay safe, keep your passwords safe, enable two-factor authentication, back up your wallet regularly and be careful of phishing attacks.
How to use Stacks Wallet
Introduction
Stacks Wallet is a software program that allows users to store, manage and trade Stacks (STX). It provides a safe and convenient way to participate in the Stacks ecosystem.
Set up Stacks wallet
- Download Stacks wallet from the official website: https://stacks.co/download
- Install the wallet and create a new wallet or import an existing wallet.
- Set a secure password and keep it safe as this is the only way to access your funds.
Send and receive STX
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Send STX: Click the "Send" button and enter the recipient's address, amount, and optional message.
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Receive STX: Provide your wallet address to others and they can send STX to that address.
Buy and Sell STX
Stacks wallet currently does not support direct buying or selling of STX. However, you can use the following methods:
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Through Exchanges: Buy or sell STX on exchanges that support STX trading, such as Binance or OKX.
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Use a Decentralized Exchange (DEX): Buy or sell STX on a DEX that supports STX trading, such as Uniswap or SushiSwap.
Staking STX
Staking STX is a way to earn rewards. By staking your STX to the Stacks network, you help secure the network and earn regular rewards.
How to stake STX:
- In your Stacks wallet, click on the “Staking” tab.
- Choose a validator to stake your STX.
- Enter the amount of STX you want to stake and confirm the transaction.
Other features
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Send NFTs: Stacks wallet supports sending and receiving Stacks-based NFTs.
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Participate in governance: Vote on weighing in and proposals, and participate in the governance of the Stacks network.
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View Transaction History: Track your transaction history, including STX sent, received, and staked.
Security Tips
- Keep your password safe.
- Enable two-factor authentication for increased security.
- Back up your wallet regularly.
- Beware of phishing attacks and never reveal your password or mnemonic phrase to anyone.
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