Wallet Basics
Learn the fundamentals of your BLOX wallet and how to manage your digital assets safely.
What is a Wallet?
A digital wallet is a secure tool that allows you to:
- Store your digital assets (like MYRC)
- Send MYRC to other addresses
- Receive MYRC from others
- View your transaction history
Your BLOX Wallet
When you create a BLOX account, you automatically get a secure wallet that supports:
| Asset | Network | Description |
|---|---|---|
| MYRC | Base | MYR-backed stablecoin on Base L2 |
| MYRC | Ethereum | MYR-backed stablecoin on Ethereum mainnet |
| MYRC | Arbitrum | MYR-backed stablecoin on Arbitrum L2 |
| MYRC | Solana | MYR-backed stablecoin on Solana |
Understanding Wallet Addresses
Your wallet address is like a bank account number for MYRC. It’s a unique string of characters that others can use to send you MYRC.
Example Ethereum/Arbitrum Address:
0x1234...abcdExample Solana Address:
myrc...MgvImportant: Always double-check the wallet address before sending MYRC. Transactions cannot be reversed!
Security Best Practices
Do’s
- Keep your login credentials secure
- Enable two-factor authentication (2FA)
- Verify addresses before sending MYRC
- Use official BLOX apps and website only
Don’ts
- Never share your password or 2FA codes
- Don’t click suspicious links claiming to be BLOX
- Never send MYRC to addresses you don’t trust
- Don’t store large amounts on exchanges
Transaction Fees
When sending MYRC, you’ll encounter:
| Fee Type | Description |
|---|---|
| Network Fee | Paid to blockchain validators for processing |
| Platform Fee | BLOX service fee (varies by transaction type) |
Network fees vary based on blockchain congestion. Arbitrum and Solana typically have lower fees than Ethereum mainnet.
Viewing Transaction History
You can view all your transactions in the BLOX app:
- Navigate to Transactions in the menu
- Filter by type (deposits, withdrawals, transfers)
- Click on any transaction for details
Each transaction shows:
- Date and time
- Amount and asset
- Transaction status
- Network and fees
- Blockchain explorer link
Next Steps
Last updated