How It Works
Here's how the KEYRING SMART Wallet works
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Last updated
Here's how the KEYRING SMART Wallet works
Last updated
The KEYRING SMART Wallet is a web3 wallet that utilizes Passkey to secure your wallet.
A Passkey is an advanced security feature, similar to a Biometric Fingerprint on Android, Face ID on Apple, or a PIN code on Windows.
Using Passkey enhances the security of the KEYRING SMART Wallet, providing users with unparalleled protection and personalization for their web3 wallet.
The KEYRING SMART Wallet targets user groups such as companies and organizations. Therefore, these companies and organizations can contact us to create a wallet creation page with their custom slug, allowing their members to create wallets easily.
Creating a KEYRING SMART Wallet is also extremely simple:
Visit the wallet creation page.
Select the option to create a Wallet.
(Optional) Create an address book account. This step is not mandatory, but creating an address book will help users distinguish between wallets more easily. It also adds a personal touch to the wallet. If you prefer not to create an address book, you can skip this step without any issue.
Create a wallet using Passkey.
Continue with Passkey.
Wait for the wallet creation process to complete, and you'll have your very own KEYRING SMART Wallet.
Creating a KEYRING SMART Wallet on Windows involves a few steps due to Google's passkey requirements for Android and Windows. Here's a simple guide:
You must use the Chrome browser.
Log in to your Google account on the Chrome profile.
Visit the wallet creation page.
Set a nickname and image for easy account identification.
Confirm the creation of a passkey.
Agree to delete any old passkey (even if you haven't created one before) as part of Google's process.
Set a recovery PIN for your wallet.
Finish the process.
Following these steps will help you set up your KEYRING SMART Wallet on Windows without any hassle.
All blockchain transactions require a gas fee. This includes operations on the KEYRING SMART Wallet such as sending tokens, exchanging tokens, and sending NFTs, all of which require a gas fee.
However, the way gas fees are paid on the KEYRING SMART Wallet is quite unique.
Yes, there is an option for gas-free transactions. This doesn't mean the gas fee is waived; rather, we cover the gas fee for you.
To take advantage of this, please contact us. We will set up a partnership program and agree on the terms and conditions.
This is what makes the KEYRING SMART Wallet unique:
Normally, when you perform on-chain operations like sending tokens, NFTs, or exchanges, you need to pay the gas fee using the native token of that blockchain (or a token specified as the gas fee token).
With the KEYRING SMART Wallet, we offer additional gas fee options. We will help you set up and adjust it to fit your needs. You can use any ERC-20 token from the following chains as a gas fee:
Ethereum
Optimism
Binance Smart Chain
Polygon
Arbitrum
With the KEYRING SMART Wallet, sending tokens is simple and quick:
Select the token you want to send.
Enter the recipient's wallet address.
Input the amount of tokens you want to send.
Choose the token to use as the gas fee.
Press Send.
Use your passkey (fingerprint, Face ID, or PIN, depending on your device) to confirm the gas fee transaction.
Wait for the gas fee transaction to complete.
The wallet will then prompt you to confirm the token transfer using your passkey again.
Confirm the transaction with your passkey.
Wait for the transaction to finish.
You can use a token that is not the native token of the chain as the gas fee.
For example, when sending USDT on the Ethereum chain, you typically need ETH as gas. However, with KEYRING SMART Wallet, you can use any other token, like ARB. It doesn’t even have to be ARB on the Arbitrum chain—it could be ARB on Optimism, and it will still work.
This feature simplifies the process for users, especially beginners who might not know which token to use for gas on a specific chain. KEYRING SMART Wallet makes handling gas fees easier and makes crypto transactions faster and more accessible for everyone.
Token exchange is a very convenient feature of KEYRING wallet products. Since this is a built-in exchange, users can perform transactions directly within the wallet without going through a third-party site. This saves time and is very convenient.
The token exchange feature allows users to swap or bridge tokens, and of course, this will incur gas fees. Just like the gas fees when you send tokens, you can choose the type of token you want to use to pay the gas fees; it doesn't necessarily have to be the native token of that chain.
Select the token you want to use for the exchange.
Switch to the Exchange tab.
Unlike sending tokens, when exchanging, you need to select the token to pay the gas fee first.
After selecting the gas fee token, choose the destination chain and token for the exchange.
Enter the amount of tokens to exchange.
Confirm the transfer.
(Optional) Choose Slippage Tolerance if desired. It's the acceptable price difference during a token swap. Higher tolerance means a higher priority but with a larger price difference.
Once satisfied, confirm the transfer.
Verify the transaction using your passkey.
Wait for the transaction to complete.
Sending NFTs with the KEYRING SMART Wallet is almost the same as sending ERC-20 tokens, with just a few differences when selecting the NFT. The transaction confirmation steps remain the same:
Switch to the NFT tab.
Select the NFT you want to send.
Enter the recipient's wallet address.
Input the quantity of NFTs to send (if applicable).
Choose the token for the gas fee.
Press Send.
Confirm the gas fee transaction using your passkey (fingerprint, Face ID, or PIN).
Wait for the gas fee transaction to complete. The NFT transaction will then be queued.
Confirm the NFT transaction using your passkey.
Wait for the transaction to finish. You're all set!
The process is seamless, making it easy to send NFTs securely and quickly.
Users of the KEYRING SMART Wallet can easily find their wallet address to receive tokens.
Tap on the QR code icon located in the top right corner.
The QR code containing your wallet address will be displayed.
Have the sender scan the QR code to get your address, or manually copy the address to share with the sender.
