Wallets
Last updated
Last updated
In the Wallets section, you can manage your trading and withdrawal wallets for seamless access to funds.
Here you can:
Create Wallet: Set up a new wallet directly within the platform.
Import Wallet: Bring in an existing wallet by importing it.
Withdrawal Wallets: Add wallets specifically for withdrawals.
Each trading wallet shows the available balance and includes options for Withdraw or Deposit. Additionally,In the three-dot menu, you can choose to export the wallet’s private key or rename the wallet.
Use the dropdown wallet selector in the upper right corner to filter to view other networks.
In the Create Wallet modal, you can easily set up a new wallet by:
Selecting the Blockchain Network: Choose the network (e.g., Solana) for the new wallet from the dropdown.
Naming the Wallet: Enter a unique name to identify your wallet.
Once you've filled in the details, click Create to complete the setup. This streamlined process allows quick access to set up wallets for different networks, enabling seamless management of assets across multiple blockchains.
Importing an Existing Wallet:
Tap Import Wallet if you’re bringing in a wallet you already own.
Follow instructions to locate your Private Key (e.g., via Phantom or MetaMask). Only you should know your private key.
Enter your wallet’s private key and assign a name before hitting Import.
When Importing a Wallet using a private key in Padre, your security is our priority:
Private Key Encryption: Once you import an external wallet with a private key, it's encrypted using the password (or passkey) you set. This encryption ensures that your private key is never stored in a way that Padre can access.
Turnkey Infrastructure: Padre leverages Turnkey's private key infrastructure, developed by Coinbase's custody team, for robust security. This infrastructure ensures that private keys are managed in a way that keeps them secure and inaccessible to Padre or its team.
On the right, you'll see Withdrawal Wallets, where specific wallets for withdrawals can be added.
To add a Withdrawal Wallet in the Padre app:
Click Add Wallet in the Withdrawal Wallets section.
Select the blockchain network, such as Solana.
Enter a Name for easy identification and provide the Address of the wallet you’d like to withdraw to.
Hit Create to finalize.
This setup allows you to directly send funds to your designated withdrawal wallets, keeping trading and withdrawal wallets organized and easily accessible.
