OKX Wallet is a powerful tool for managing digital assets. It provides a comprehensive suite of services, including wallet creation and backup, token management, smart contract account usage, and transaction tracking. With an intuitive interface and robust security features, it supports users in navigating the world of blockchain with ease.
This guide walks you through the essential steps for setting up and using the OKX Smart Contract Wallet, with a focus on functionality, security, and practical application.
Downloading and Installing OKX Wallet
To begin, download the OKX Wallet application from the official OKX website or via an official QR code. After installation, open the app to access a clean and user-friendly interface. This is your starting point for utilizing the full capabilities of a smart contract wallet.
Creating and Backing Up Your Wallet
Step 1: Create Your Wallet
Open the OKX Wallet app and tap the “Create Wallet” button. You’ll be prompted to set a wallet name and a strong password. It’s highly recommended to use a combination of uppercase and lowercase letters, numbers, and special characters to maximize security.
During this process, the wallet will generate a unique recovery phrase (also known as a seed phrase). This phrase is essential for restoring your wallet if you lose access to your device.
Step 2: Back Up Your Recovery Phrase
Once your wallet is created, the app will display a set of 12 to 24 words. Write these down on paper and store them in a secure, offline location. Never share this phrase online or with anyone else. It is the only way to recover your assets if your device is lost, stolen, or damaged.
Adding and Managing Tokens
How to Add Tokens
Navigate to the “Assets” section in your wallet and tap the “Add” icon. You can search for tokens by name or by pasting the token’s contract address. After selecting the token, confirm the addition. The token will now appear in your asset list along with its current balance.
Managing Your Tokens
From the Assets screen, you can view all your tokens. Tap any token to see detailed information such as balance, transaction history, and current market value. You can also initiate transfers, withdrawals, or swaps directly from this screen.
Using a Smart Contract Account
Creating a Smart Contract Account
OKX Wallet supports AA (Account Abstraction) smart contract accounts, which combine the flexibility of contract accounts with the user experience of standard wallets.
To create one:
- Open the OKX app and log in.
- Go to the homepage and select “Create Wallet” or “Import Wallet” if you already have an existing wallet.
- After setting up or importing your wallet, ensure you’ve backed up your recovery phrase.
- From the wallet homepage, tap “Add Account” and choose “Smart Account” to activate your AA smart contract account.
How to Send Tokens with a Smart Contract Account
Sending tokens with a smart contract account is straightforward:
- Tap “Send” and choose the token and network.
- Enter the recipient's address and the amount.
- If your wallet lacks the native currency (e.g., ETH for Ethereum) to pay gas fees, you can select “Pay with” to use any supported token for transaction fees.
- If you qualify for gas fee promotions or subsidies, the system will automatically apply them—sometimes even offering completely gas-free transactions.
Benefits of Smart Contract Accounts
AA smart contract accounts offer several advantages:
- Batch Transactions: Execute multiple operations in a single transaction.
- Flexible Gas Payments: Pay transaction fees using various tokens, not just the native blockchain currency.
- Account Recovery: Use social recovery or guardians to regain access without relying solely on a private key.
- Improved Security: Assets are held in smart contracts, reducing exposure to private key compromises.
- Simplified Swaps: On supported platforms like OKX DEX, you can perform one-click token swaps with fewer transaction signatures.
👉 Explore advanced wallet features
Viewing Transactions and Security Practices
Checking Transaction History
All incoming and outgoing transactions are recorded in the “Transaction History” section. Each entry includes details such as time, amount, recipient/sender address, and transaction status. Regularly reviewing this log helps you monitor account activity and detect any unauthorized actions early.
Enhancing Security
To further protect your assets:
- Enable two-factor authentication (2FA), such as SMS verification or biometric login.
- Keep your wallet application updated to the latest version.
- Use a strong, unique password and never share your recovery phrase.
- Be cautious of phishing sites and unofficial links.
If you notice suspicious activity, contact OKX support immediately.
Frequently Asked Questions
Q: What is a smart contract wallet?
A: A smart contract wallet uses blockchain-based code to manage assets. Unlike basic wallets, it supports advanced features like batch transactions, gas fee sponsorships, and social recovery, offering both flexibility and enhanced security.
Q: Can I recover my wallet if I lose my phone?
A: Yes. As long as you have your recovery phrase, you can restore your wallet on a new device. Keep your phrase secure and offline—it’s your most important backup.
Q: How do I pay gas fees with other tokens?
A: When sending assets, if the network allows, you can select the “Pay with” option and choose an alternate token to cover transaction costs. This is especially useful if you’re low on the native chain currency.
Q: Is OKX Wallet free to use?
A: Yes, the wallet is free to download and use. However, blockchain networks charge gas fees for transactions, which vary based on network congestion.
Q: What makes smart contract accounts more secure?
A: Since assets are held in a smart contract rather than a private key-based account, the risk of key exposure is reduced. Additional features like multi-signature approvals or account freeze options add extra security layers.
Q: Can I use OKX Wallet for DeFi activities?
A: Absolutely. OKX Wallet integrates with popular decentralized applications (dApps), allowing you to trade, lend, stake, and participate in DeFi protocols directly from the wallet interface.
OKX Wallet offers a powerful, user-friendly experience for managing digital assets securely. From basic wallet operations to advanced smart contract functionality, it provides the tools needed for both new and experienced users. By following security best practices and using built-in features like transaction reviews and two-factor authentication, you can safely navigate the digital asset landscape.
Whether you're storing tokens, executing contracts, or exploring decentralized finance, OKX Wallet combines convenience with cutting-edge technology.