Deciding between the wallets#

Why you need a wallet#

You need a Concordium wallet to interact with the Concordium blockchain and manage your CCD tokens. Here are the currently available wallets:

  • Desktop Wallet: Offers the highest security but requires a LEDGER device.

  • Concordium Wallet for Web: Accessible from any device with a web browser supporting Chrome extensions. Ideal for standard transactions, great for developers and dApp users.

  • CryptoX Concordium Wallet: The latest mobile wallet, user-friendly with both seed phrase and file-based recovery and dApp connectivity.

The wallets are developed by Concordium Software and can only be used to hold CCD, the native token of the Concordium blockchain, and CIS-2 tokens. You can’t use these wallets for any other crypto currencies.

Choosing the Right Wallet#

Consider these factors when choosing a wallet:

  • Security: Desktop Wallet offers the most security with its LEDGER device support.

  • Accessibility: Concordium Wallet for Web and CryptoX Concordium Wallet are more accessible for everyday use.

  • Device: Choose a wallet compatible with your device (computer or mobile).

  • Features: CryptoX Concordium Wallet offers the most features, including seed phrase or key file recovery and dApp connectivity.

Portability limits between wallets#

  • Identities and accounts cannot be directly transferred between Desktop Wallet and other wallets.

  • CryptoX Concordium Wallet can import accounts from other Concordium wallets via seed phrase of backup file.

  • You can always send CCD tokens between any wallets.

Wallet Backups#

  • Desktop Wallet: Requires exporting data and keeping the LEDGER recovery phrase safe.

  • Concordium Wallet for Web and CryptoX Concordium Wallet: Securely store the seed phrase generated during setup.

What are the requirements for each wallet?#

  • Desktop Wallet: A computer running Windows, macOS, or Linux, and a LEDGER NANO S PLUS.

  • Concordium Wallet for Web: A device running one of the supported Chromium internet browsers (Chrome, Opera, Brave, Edge) with the Concordium Wallet for Web extension installed.

  • CryptoX Concordium Wallet: An iPhone running iOS 15 or later or an Android phone running Android 8 or later.

Warning

You are solely responsible for keeping your assets secure regardless of which wallet you choose to use. You must never share your private keys, PIN codes, passwords, recovery phrases, LEDGER devices, or mobile devices with anyone.

Comparison#

The following table lists the differences between wallets.

Desktop Wallet

Concordium Wallet for Web

CryptoX Concordium Wallet

Must run on a computer

Must run on a computer

Runs only on mobile phone

Runs on MacOS, Windows, Linux

Runs on Chrome, Brave, Opera, Edge

Runs on iOS 15 or later, Android 8 or later

Secured by password and a LEDGER device

Secured by password and seed phrase

Secured by passcode or password as well as biometrics

Backup file includes account names and addresses, identities, and the address book. LEDGER device is needed for recovery

Seed phrase recovers accounts and identities

Seed phrase recovers accounts and identities. Legacy backup file also includes address book, account and identity names

Private keys are stored on the LEDGER device that is secured by a PIN code and backed up by recovery phrase

Private keys are stored in the wallet and secured by the passcode used to encrypt the wallet and backed up with the seed phrase

Private keys are stored in the wallet and secured by password or passcode used to encrypt the wallet and backed up with the seed phrase

Creation and management of single signature and multi-signature accounts

Creation and management of single signature accounts only

Creation and management of single signature accounts only

Password is required to unlock the wallet. LEDGER device is required to create new accounts, identities and send transactions

Password is required to unlock the wallet

Password or passcode or biometrics is required to unlock the wallet, and later to create new accounts, identities and send transactions

Cannot connect to dApps

Can connect to dApps

Can connect to dApps

Can only hold CCD

Can hold CCD and CIS-2 tokens

Can hold CCD and CIS-2 tokens

Backup is not compatible with other wallets

Seed phrase backup can be used in Concordium Wallet for Web and CryptoX Concordium Wallet

Seed phrase backup can be ised in Concordium Wallet for Web and CryptoX Concordium Wallet. Legacy backup file can only be used in CryptoX Concordium Wallet

Doesn’t have transaction notifications

Doesn’t have transaction notifications

Has push notifications for transactions

Next steps#

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