What is the Kinesis Wallet?
The Kinesis Wallet interface acts as an additional layer of security for the storage of Kinesis gold and silver-backed currencies, KAU and KAG, which utilises the power of distributed ledger technology through the Kinesis Blockchain Network. Users can send and receive from their eWallet to other addresses. However, usability is limited to only KAU and KAG Kinesis currencies.
The Kinesis Wallet is suitable for users who intend to hold large amounts of Kinesis gold and silver currencies, KAU and KAG for a long period of time.
How to set up your Kinesis Wallet
STEP 1: Creating an eWallet
The first step in this process is setting up a wallet to hold these digital currencies, known as an eWallet.
1. Log in to your Kinesis account.
2. Once logged in, open the drop-down menu located in the right top corner of the main dashboard and select the 'Wallet' tab.
3. Click the 'Activate Now' button to initiate the creation of your Kinesis Wallet.
Select the 'Create A New Wallet' option.
You will then be presented with your 12-word recovery phrase which you will need to record securely as this is required later on.
Click 'I have Saved My Recovery Phrase' once you are happy to proceed with the wallet creation.
To verify your recovery phrase, enter the missing words from the phrase you recorded previously.
When you are happy to proceed click 'Verify'.
You will be asked to tick the checkboxes on the screen to confirm you understand the importance of keeping your recovery phrase securely stored.
Click 'Continue' when you are happy to proceed.
Your new Kinesis Wallet is now ready for you to use and securely store your Kinesis gold and silver currencies, KAU and KAG.