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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:

AssetNetworkDescription
MYRCEthereumMYR-backed stablecoin on Ethereum mainnet
MYRCArbitrumMYR-backed stablecoin on Arbitrum L2
MYRCBaseMYR-backed stablecoin on Base L2
MYRCSolanaMYR-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 EVM (Ethereum / Arbitrum / Base) Address:

0x1234...abcd

Example Solana Address:

myrc...Mgv

Important: 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 TypeDescription
Network FeePaid to blockchain validators for processing
Platform FeeBLOX service fee (varies by transaction type)

Network fees vary based on blockchain congestion. Arbitrum, Base, and Solana typically have lower fees than Ethereum mainnet.

Viewing Transaction History

You can view all your transactions in the BLOX app:

  1. Navigate to Transactions in the menu
  2. Filter by type (deposits, withdrawals, transfers)
  3. 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