EXPLAINER GUIDE: How To Set Up Your Valora Crypto Wallet in 3 Quick Steps

The wallet currently supports more than 30 Celo cryptocurrencies including Celo’s native token ($CELO) and stable coins.

0
262
JOIN US ON TELEGRAM

Valora is a mobile crypto wallet application for the Celo network. The application allows the users to send/ receive/ request funds, and connect with dApps.

The wallet currently supports more than 30 Celo cryptocurrencies including Celo’s native token ($CELO) and stable coins:

  • $cUSD
  • $cEUR
  • $cREAL

The wallet interface is pretty simple and straight-forward for someone who is going through it for the first time.

Once you have installed the application on your mobile device from the PlayStore, the next thing you have to do is to set up your application.

Step 1: Launching the App

When you open the app for the first time, you will have to choose the language you want to use for the app. After selecting the language, you are presented with 2 options:

  • Create New Account
  • Restore My Account

The ‘Create New Account‘ option helps users to create a new Valora account.

Existing users can choose the ‘Restore My Account‘ option to recover their existing Valora account on some new device.

We want to create a new account. When you select ‘create a new account,’ all you have to do is to accept the terms and conditions before adding your details.

______________________________________________________________________

SEE ALSO: Celo Blockchain Hits 100 Million Transactions Milestone

______________________________________________________________________

Step 2: Creating a New Account

When you click on the button to create a new account, you will be asked to provide a few mandatory details like your name, phone number, etc.

Opening an Account on the Valora app

Step 3: Back Up Recovery Phrase

The next thing you should do is to back up your recovery phrase. This step should be done before transferring any asset into the wallet. This is a mandatory step as the recovery phrase can help you in getting your assets back in case you lost your device.

To save your recovery phrase, click on the ‘Setup Now‘ option (see above screenshot). The application will show your backup phrase. Store it safely.

You can write it down in a book or piece of paper which you are sure never to lose.

Once you have backed up your phrase, then you have yourself a Valora account. You can now proceed to add funds to the wallet, by tapping the menu button and selecting the ‘Add/Withdraw Funds’ Option.

The app also has other features including the option to withdraw funds as airtime on local mobile operators.

______________________________________________________________________

RECOMMENDED READING: EXPLAINER GUIDE: How to Add the Celo Blockchain Network to Your MetaMask Wallet

______________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277

SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb

____________________________________________________________________

Follow us on Twitter for the latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to our YouTube channel below for more updates:

_____________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here