Wallet Basics
This page gives basic information about your BLOX wallet. It also tells you how to manage your digital assets safely.
What is a Wallet?
A digital wallet is a secure tool. With a wallet, you can:
- Store your digital assets (for example, MYRC)
- Send MYRC to other addresses
- Receive MYRC from other persons
- View your transaction history
Your BLOX Wallet
When you create a BLOX account, you automatically get a secure wallet. The wallet supports these assets:
| Asset | Network | Description |
|---|---|---|
| MYRC | Ethereum | MYR-backed stablecoin on Ethereum mainnet |
| MYRC | Arbitrum | MYR-backed stablecoin on Arbitrum L2 |
| MYRC | Base | MYR-backed stablecoin on Base L2 |
| MYRC | Solana | MYR-backed stablecoin on Solana |
Understanding Wallet Addresses
Your wallet address has the same function for MYRC as a bank account number has for money. It is a unique string of characters. Other persons use it to send MYRC to you.
Example EVM (Ethereum / Arbitrum / Base) Address:
0x1234...abcd
Example Solana Address:
myrc...Mgv
Important: Always examine the wallet address again before you send MYRC. You cannot reverse a transaction.
Security Best Practices
Do's
- Keep your login credentials secure.
- Enable two-factor authentication (2FA).
- Verify addresses before you send MYRC.
- Use only the official BLOX apps and website.
Don'ts
- Do not share your password or 2FA codes with other persons.
- Do not click suspicious links that claim to be from BLOX.
- Do not send MYRC to addresses that you do not trust.
- Do not keep large amounts on exchanges.
Transaction Fees
When you send MYRC, you pay these fees:
| Fee Type | Description |
|---|---|
| Network Fee | Goes to the blockchain validators that process the transaction |
| Platform Fee | BLOX service fee (different for each transaction type) |
Network fees change with the traffic on the blockchain. Arbitrum, Base, and Solana usually have lower fees than Ethereum mainnet.
Viewing Transaction History
You can see all your transactions in the BLOX app:
- Go to Transactions in the menu.
- Filter by type (deposits, withdrawals, transfers).
- Click a transaction to see its details.
Each transaction shows:
- Date and time
- Amount and asset
- Transaction status
- Network and fees
- Blockchain explorer link
Next Steps
- Deposit MYRC: Add MYRC to your wallet
- Withdraw MYRC: Change MYRC back to MYR
- FAQ: Answers to common questions