Navigating the complexities of cryptocurrency wallets, particularly when importing them into Magic Eden Wallet, can sometimes lead to address discrepancies. However, with our newly implemented feature, users can now select the specific wallet they are importing from, ensuring a smoother experience.
This guide will walk you through the process step by step.
Choosing the wallet for importing
When importing a wallet into Magic Eden Wallet, users now have the option to specify which wallet they are importing from, reducing the chances of encountering address discrepancies.
Initiating the import
Start by clicking on the 'I Have A Wallet' button upon opening a fresh install of Magic Eden Wallet.
Entering secret phrase
You will be directed to a screen where you can enter your 12-word secret phrase associated with the wallet you wish to import.
You also have the option to select a 24-word seed phrase. Simply choose this option before importing.
Selecting wallet provider
By default, the wallet is set on 'Auto-Detect', attempting to recognize the source wallet. To ensure accuracy and prevent derivation path importing issues, click on the 'Change' button.
Choosing wallet provider
A list of popular wallet providers such as Xverse, Phantom, and Solflare will be displayed. Select the appropriate wallet you are importing from and click the pink 'Apply' button.
Note:
Importing secret phrases from certain wallets, such as Ordinals Wallet, is not currently supported. We are working on expanding our compatibility over time.
Managing multiple accounts
If your imported wallet has multiple accounts, ensure to check the box indicating 'This wallet has multiple accounts'. Then proceed to enter your 12-word phrase as usual and click the pink 'Continue' button.
If you've imported your recovery phrase and noticed that not all of your addresses were imported after selecting multiple accounts, try adding a software account to the recovery phrase. This will ensure that all your addresses are included.
Restoring wallet
Once you've provided the necessary information, you will receive a notification that your wallet is being restored. You can safely close the extension while the restoration process takes place.
Importing and integrating wallets
As long as you have selected your previous wallet (the wallet where the seed phrase was generated) and indicated that you have multiple accounts if applicable, the generated addresses will match, allowing you to import seamlessly into the Magic Eden wallet.
For integrations with other wallets, such as exporting the seed phrase or private key to another provider, you will need to follow up with that wallet's support team. They will have a better understanding of their specific derivation paths.
Important note:
Always exercise caution when entering your 12-word secret phrase and ensure that you are importing from a trusted source.
By following these steps, users can seamlessly import wallets into Magic Eden Wallet, effectively addressing any address discrepancies that may arise. For further assistance or questions, feel free to reach out to our support team via the chat widget.
This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets. UK users should be aware of their local regulations and ensure compliance with UK Financial Promotions regulations.