Magic Eden has improved the way you can add accounts to your wallet, offering multiple options for enhanced flexibility and security. This guide will walk you through each step of the process.
How to add a new account to your Magic Eden Wallet
Access the account menu
Open your Magic Eden Wallet and click the ME logo in the top left-hand corner, next to your account name.
Here, you'll see your active accounts and their associated holdings.
Add another account
Click the "Add Another Account" button at the bottom of the wallet.
Selecting your account type
Magic Eden Wallet offers three options for adding a new account:
Add a software account
Generates a new set of addresses on an existing recovery phrase.
Click "Add Software Account," enter a portfolio name, and click OK. Your new account will appear in the accounts menu under the wallet's recovery phrase.
If you already have multiple recovery phrase groups, you will need to select which group the new account will belong to.
Magic Eden Wallet currently auto-imports up to 10 accounts. To access additional accounts, you'll need to manually add software accounts to your Recovery Phrase until you reach the desired address.
Add a Ledger account
Connects ME wallet to an account on a Ledger hardware wallet.
Click "Add Ledger Account," follow the on-screen instructions to connect your Ledger device.
Select the account you want to connect. These will vary depending on what application you have open on your Ledger.
After successful connection identified by the confirmation screen, your Ledger account will appear in a section named "Recovery Phrase x."
Import a recovery phrase
This option allows you to add accounts from the recovery phrase of another wallet backup.
Click "Import Recovery Phrase," enter the 12 or 24-word seed phrase, select "This wallet has multiple accounts" if applicable, and ensure the correct previous wallet is selected.
After importing, your new account will appear in a third section for wallets using the new seed phrase.
Organizing your accounts
As you add recovery phrases, they will be grouped in the account section. You can edit the name of both the group and individual account by clicking the pencil icon next to it.
Account and recovery phrase limits
Magic Eden Wallet has the following limits for adding accounts:
Recovery Phrases: You can add up to 5 different recovery phrases to your wallet.
Total Accounts: You can add up to 30 accounts per wallet, spread across all recovery phrases.
Adding accounts to your Magic Eden Wallet is a straightforward process with various options to suit your needs. If you have any questions, feel free to reach out to our support team by clicking on 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.