In cryptocurrency, the security of your digital assets is of utmost importance. To ensure the same, it is essential to have a secure and easy-to-use wallet. Keeping this in mind, 5ire has introduced the 5ire Wallet Extension which offers an easy and secure way to store, manage, and transfer 5ire Coins.
The following Testnet manual will guide you through the process of using the 5ireChain Faucet, setting up the 5ire Wallet Extension, and sending/receiving or swapping 5ire Coins on the Testnet.
Let’s start by setting up the 5ire Wallet Extension and creating a 5ire Wallet!
5ire Wallet Extension — The Ultimate Solution for Storing Digital Assets
The 5ire Wallet Extension is a self-custodial virtual wallet and web browser extension for 5ireChain that works on the Native as well as the EVM chain, and its features are accessible with a few clicks. It is currently available as a desktop browser plugin for Brave, Google Chrome, Mozilla Firefox, and other popular browsers. It can be installed like any other browser plugin.
To Set up the 5ire Wallet Extension:
Step 1: Head to the 5ire Explorer Dashboard and click on Download the 5ire Wallet Extension Here. The Wallet Extension .zip file will be downloaded. Proceed to extract the .zip file.
Step 2: Open Google Chrome and head to ‘chrome://extensions’. Turn on the Developer Mode using the toggle on the top right corner.
Step 3: Click on Load unpacked and select the chrome folder from the .zip file you just extracted.
To Start Using the 5ire Wallet Extension:
Note: While installing the 5ire Wallet extension, it is necessary to select the required folder, for the browser of your choice. For example, if you’re installing it on Google Chrome, upload the whole Chrome folder.
Step 1: Create a wallet. Once the extension is installed, click on it to open.
Step 2: Click the Create a new wallet button to start creating your 5ire Wallet using the 5ire Wallet extension. Give your wallet a name and click on Create.
Then, Click on Continue on the next screen to proceed with the creation process.
Step 3: The 5ire Wallet browser extension will generate a 12-word Mnemonic phrase, consisting of randomly selected words, which you need to write down in the precise order displayed on your screen. This mnemonic phrase creates a key that grants access to your wallet when entered correctly.
You will also receive 5ireChain Native and EVM chain addresses that share a common mnemonic phrase and private key for accessing the wallet. This phrase must be kept safe and confidential as it is needed to recover your wallet if you lose access to your account.
It is critical to keep your 12-word backup phrase secure and confidential as anyone who has access to it can access the funds in your wallet.
Step 4: Create a password. In the next step, you will be prompted to choose a password. The password must be at least 8 characters in length. It is recommended to choose a password that is unique and not used for any other accounts, making it as secure as possible by combining symbols, numbers, and a mix of upper and lower case letters.
Now that we have managed to create and set up the 5ire Wallet, we can move on to claiming 5ire Coins using the 5ire Testnet Faucet!
5ire Testnet Faucet
The 5ireChain Faucet is a web-based platform that provides users with mock 5ire Coins on the Testnet. These 5ire Coins, although lacking real-world value, allow users to experiment with the features of the testnet without the need to spend actual 5ire Coins on the mainnet.
The Testnet Faucet can currently be accessed through the 5ireChain Explorer.
To request 5ire Coins using the faucet:
Step 1: Enter the wallet address of the account.
Step 2: Enter the amount of 5ire Coins. (Currently limited to 100 per address)
Step 3: Click on the Send button.
Your updated balance should reflect in your wallet shortly!
Sending Transactions with 5ire Wallet
Sending 5ire Coins using the 5ire Wallet is a straightforward process. Follow these steps to send 5ire Coins:
Step 1: Enter the recipient’s wallet address and the amount of 5ire Coins you wish to send.
Step 2: Select a transaction fee.
Step 3: Click on the Send button.
That’s it! Your transaction will now be processed and visible on the 5ire Explorer in a few minutes. In addition to 5ire Coins, the 5ire Wallet also supports transactions with other cryptocurrencies like Ethereum, allowing users to manage multiple assets easily.
Swapping Coins on 5ireChain
5ireChain has made it possible to swap coins with ease. With its built-in coin swap feature, you can quickly exchange 5ire Coins for other digital assets or vice versa.
To swap your crypto, simply click the Swap button, enter the amount you wish to swap, and select a transaction fee. Click Approve to initiate the swap.
The coin swap process is quick and secure, and the exchanged coins will be reflected in your 5ire Wallet in minutes.
MetaMask — An Extension for Enhanced Security
To further enhance the security of your digital assets, the 5ire Wallet integrates with MetaMask, a popular browser extension that allows users to securely manage their Ethereum wallets and interact with dApps.
Note: 5ire makes it super-easy for you to add the 5ire Network on MetaMask. All you have to do is click the Add 5ire Network button on the Explorer Dashboard. Make sure you have selected the EVM Chain in the drop-down menu.
If you want to manually set up the 5ire network on MetaMask, Follow these steps:
Step 1: Install the MetaMask browser extension.
Step 2: Go to MetaMask, click on Add a network manually in the Add Network section and enter the following details:
Step 3: Import the 5ire EVM wallet on MetaMask by entering the private key of the wallet.
Step 4: That’s it! The wallet will now be imported with the updated balance.
5ireChain, with its secure and easy-to-use features, provides an easy and secure way to use, send, receive, and swap 5ire coins. With the integration of MetaMask, users can feel secure and confident in knowing that their digital assets are protected and safeguarded. So, whether you’re a seasoned crypto explorer or a newbie navigating the seas, 5ireChain is the perfect platform for your digital asset needs.
Start Exploring Today!
More information about 5ireChain can be found by clicking on the following links:
White paper: https://bit.ly/3Qcsmor