Introduction to Terra Station Wallet
The Terra Station wallet is the official wallet of the Terra blockchain, allowing users to interact with the Terra network, manage supporting tokens/coins, and access dApps. The application is offered in three different forms: Chrome extension, desktop, and mobile application.
Getting Started
To use the Terra Station wallet, users have to hold LUNA and UST (Terra USD) tokens of their wallets to post any transactions. These tokens could be purchased from various supported exchanges.
Obtaining LUNA and UST Tokens
LUNA is the native protocol token used for staking, governance, and mining. Users can obtain LUNA tokens from several platforms, including Binance, Huobi, and Kraken. UST, however, is the Terra stable coin, which could be purchased from various exchanges, similar to Binance and Huobi.
Installing the Terra Station Wallet
To download the Terra Station application, visit the official Terra website and click on on the "Download" button. Users can decide to download the appliance for desktop, mobile, or Chrome browser extension.
Installing the Chrome Extension
To install the Chrome extension, click on the "Chrome Extension" button, which can redirect to the Chrome Web Store. Click on the "Add to Chrome" button to put in the extension.
Setting up the Wallet
Once the extension is installed, click on the Terra Station icon within the browser toolbar to establish the wallet. Users can create a brand new wallet, get well an existing wallet, or import a wallet from a Ledger device.
Creating a New Wallet
To create a brand new wallet, provide a wallet name and password. The application will generate a mnemonic key, which needs to be stored safely.
Recovering an Existing Wallet
To get well an existing wallet, provide the wallet name, password, and mnemonic key.
Wallet Features
The Terra Station wallet offers various features, including:
Send and Receive Tokens
Users can send and receive tokens, including LUNA and UST, to and from other wallets.
Swap Tokens
The wallet allows users to swap one token for one more, using a third-party service provider.
Add Tokens
Users can add recent tokens to their wallet, including custom tokens.
Wallet Address
Each wallet has a novel address, which could be used to receive tokens.
Buy Tokens
Users should buy LUNA and UST tokens directly from the wallet, using a third-party service provider.
Managing the Wallet
The Terra Station wallet offers various management features, including:
Export Wallet
Users can export their wallet, including the private key and QR code.
Change Password
Users can change their wallet password.
Delete Wallet
Users can delete their wallet, but this may lead to the lack of all tokens and data.
Address Book
The wallet allows users to avoid wasting frequent contacts in an address book, making it easier to send and receive tokens.
Settings
The wallet offers various settings, including:
Network
Users can select to hook up with the Terra mainnet, testnet, or a custom network.
Language
The wallet is offered in multiple languages, including English, Spanish, and Polish.
Theme
Users can change the looks of their wallet, including the theme and layout.
Balance
The wallet displays the user’s token balance, including the USD value.
Conclusion
The Terra Station wallet is a user-friendly and feature-rich wallet that permits users to interact with the Terra network and manage their tokens. With its various features, including sending and receiving tokens, swapping tokens, and managing the wallet, it’s a vital tool for anyone using the Terra blockchain. However, it is crucial to notice that the staking feature shouldn’t be available for the Chrome extension, and users need to put in the desktop or mobile application to access this feature.
