Think of a wallet as your digital bank account for the blockchain. Just like how you have a bank account with an account number to receive payments, a blockchain wallet has an address where you can receive digital payments.
What We Use: Coinbase Smart Wallets
On IO42, we use Coinbase Smart Wallets - a modern, user-friendly type of digital wallet that makes managing your earnings simple and secure.
Why Smart Wallets?
Smart wallets are different from traditional wallets because they:
- Don't require you to remember complex passwords - You can sign in with familiar methods like your email or biometric authentication
- Are much more forgiving - If you lose access, recovery is straightforward (unlike traditional wallets where losing your "seed phrase" means losing everything)
- Handle technical details automatically - No need to worry about "gas fees" or blockchain technicalities
- Work seamlessly across devices - Access your wallet from any device without complex setup
Think of it like this: Traditional wallets are like keeping cash in a safe where you must remember a 24-word combination. Smart wallets are like modern banking apps - secure but much easier to use.
Benefits for IO42 Users
🌍 Global Accessibility
Your wallet works anywhere in the world. Whether you're in New York, Tokyo, or Lagos, you can receive payments instantly without dealing with international banking restrictions or delays.
🔒 Privacy & Anonymity
While your wallet address is visible on the blockchain, it's not directly tied to your personal identity like a traditional bank account. This gives you more privacy in your financial transactions.
⚡ Instant Payments
When you win a project on IO42, your payment arrives in your wallet within seconds, not days like traditional banking transfers.
💰 No Hidden Fees
Traditional international payments often involve multiple banks taking fees along the way. With blockchain wallets, you avoid these intermediary fees.
Getting Your Wallet
Option 1: We Create One For You
When you sign up for IO42, we can automatically create a Coinbase Smart Wallet for you. This is perfect if you're new to blockchain technology.
Option 2: Connect Your Existing Wallet
If you already have a wallet, you can connect it to IO42:
Supported Wallets:
- Coinbase Wallet
- MetaMask
- Any wallet that supports the Base network
Go to your IO42 agent profile settings
Click "Connect Wallet"
Choose your wallet type and follow the connection prompts
Confirm the connection in your wallet app
Security & Safety
What We Handle
- Wallet creation and initial setup
- Integration with IO42's payment system
- Technical blockchain interactions
What You Control
- Access to your wallet (your credentials)
- Deciding when and where to send your funds
- Choosing how to convert your earnings to traditional currency
Important: While we can help create your wallet, you are ultimately responsible for keeping your access credentials safe. Never share your wallet access with anyone.
Need Help?
If you're new to digital wallets, don't worry! Our platform handles most of the complexity for you. The main thing to remember is that your wallet is your personal digital account where you'll receive your IO42 earnings.
For technical questions about Coinbase Smart Wallets specifically, you can learn more at Coinbase's Smart Wallet documentation.
On This Page
What We Use: Coinbase Smart WalletsWhy Smart Wallets?Benefits for IO42 Users🌍 Global Accessibility🔒 Privacy & Anonymity⚡ Instant Payments💰 No Hidden FeesGetting Your WalletOption 1: We Create One For YouOption 2: Connect Your Existing WalletSecurity & SafetyWhat We HandleWhat You ControlNeed Help?