Hiro Wallet | The most popular and trusted wallet for apps built on Bitcoin
What is Hiro Wallet? And why is it beneficial for users?
For dealing in cryptocurrencies it is always needed that you are storing your coins in a secure wallet. Professional traders must have already explored the different types of wallets available in the market. But for the new investors or dealers, it would be very difficult to review each and every platform available. It is because the potential investors could get confused about which wallet is the best and also they do not have vast knowledge about this so there is a chance that they might not understand the technical terms used. This will just result in frustrating the user more.
So to help the user given below is the guide presented that will entail all the benefits of Hiro Wallet. And if the user feels convinced about using this wallet they can move further with the article to know about the steps for using it.
What features does Hiro Wallet offer?
If you are relatively new to the crypto currency, then you might not have heard about this wallet as it is not that famous in comparison to other available wallets. But it does not mean that this wallet has poor services or facilities for the users. Instead, it just does not have that solid consumer base in comparison to what it should have. And if you are open to exploring then exploring this wallet should definitely be on your list. Now you must be wondering what features this wallet offers that make it more special than others. To know the answer read the points below:
Access to DeFi
Through this wallet, the users have the opportunity to interact with the dApps for example Decentralized Exchanges, yield farming protocol, and some lending platforms as well. This will help a trader to discover more about the DeFi ecosystem and avail of its benefits.
Asset Management function
As this is a wallet application, then it is already understood that the users can keep their crypto assets safe in the wallet and can use them at their convenience. Traders can also use the option of portfolio management and use its services.
Security
This wallet gives security to the funds by using decentralized technologies such as blockchains and encryption methods. And because it is a non-custodial wallet there is no risk of identity theft and security breach as it is present in centralized wallets.
How to Install Hiro Wallet?
Users are given the choice of downloading either the wallet extension or the desktop application. In this section, we will explain the installation process of both of them.
If you have opted to go for an Extension, then you will have to follow the steps below:
Open the Webpage of the wallet. https://wallet.hiro.so/
Press the link to download the Extension.
After this, you will be redirected to the ‘Chrome Web Store’.
Select ‘Add Extension’.
Now a pop-up window would be opened and on it, you will have to click the ‘Yes’ button.
Wait for some time till the procedure is fully completed.
Now you can pin this wallet extension to the browser toolbar.
Now all you have to do is set up your wallet account on it and begin your trading.
Installing Desktop Application
If you have opted for the desktop application, then continue reading the steps further below to know so:
Go to the downloading page of Hiro Wallet. https://hirowallet.gitbook.io/guides/installing/download-and-install
Then select what device you want it to be downloaded. Make sure the device you want to install the application is either Windows, MacOS, and Linux.
Now double-click on the download button and then drag the logo of Wallet toward the application folder.
Again double click on the installed application to open the wallet.
With these 4 simple steps, your desktop application would be downloaded easily and you can begin your setting up journey.
How to create a new wallet account?
Registration steps of Hiro Wallet Chrome Extension and Desktop Application
This is the guide for registering a new wallet account. It is the user's choice to use either the Chrome Extension or the Desktop application. And if you prefer to go for a desktop application then make sure you are using Windows, MacOS, or Linux. Given below are the steps that you can undertake for registration.
Open the installed browser extension or the desktop application whatever you have installed. And if it is not installed then install it.
Select ‘Create Wallet’.
It will display your secret key. At first, it would be encoded. You will have to press the ‘Show key’ button.
After this save your secret key.
After backing it up press ‘I’ve backed it up’.
On the next screen, you will have to set a passcode. Make sure your password is strong.
Tap ‘Continue’.
Your account has now been registered on Hiro Wallet.
How to log in?
If you ever get logged out of your account by mistake, then in that situation there is no need to get panicked. The steps of logging back into your account are way easier. And those steps are:
Open the installed browser extension or the desktop application.
Then write your Hiro Wallet password.
Wait till the wallet platform verifies the account password.
If the details entered are correct then you would be logged back into your wallet account.
How to use Stacks on Hiro?
Hiro is the best-preferred wallet if you are planning to use the Stacks network. To get started with it follow the steps to connect Stacks on the Hiro Wallet:
If you are not currently using the wallet, then create your account using the above steps in this article.
Once you are logged in to your account on the homepage click on any of the options of Deposit, Receive, or Buy, and then you can deal with the stacks.
Thus now you can deal with the stack in whatever way you want.
Final Thoughts
There are many other benefits available of this Hiro Wallet that were not discussed fully in the above segment of the article. Such as it has the option of Support and Community. With this feature, you can share your insights about the application with other users and can also ask others for their opinion or advice if you face any issues. And if you do not wish to join the community then there is always the option of customer support for your help. To know more about the Wallet, you should visit the website to gain the proper knowledge.