Polygon TimesPolygon Times
  • Home
  • News
  • AMA’s
  • Calendar
  • Learn
  • Videos
  • Advertising
  • Contact Us
  • Disclaimers
    • Careers
    • About PolygonTimes
    • Privacy Policy
    • CCPA
    • DMCA
    • Terms of Use

Featured Articles

News

Polygon Staking in Bitfinex with $189 Million Worth of MATIC

February 24, 2022By Crypto Times Network1 Min Read
AMA

SPYRIT AMA Recap

January 20, 2022By Crypto Times Network9 Mins Read
News

Polygon is Partnering with Opera Browser to bring Web3 to the Masses

January 4, 2022By Crypto Times Network3 Mins Read
Press Releases

New Dapp: Bulk Send Matic Tokens with PolygonSender

January 3, 2022By Crypto Times Network3 Mins Read

Subscribe for Updates

Get the latest cryptocurrency news, information and updates.

Thursday, May 26
Latest
  • Polygon Staking in Bitfinex with $189 Million Worth of MATIC
  • SPYRIT AMA Recap
  • Polygon is Partnering with Opera Browser to bring Web3 to the Masses
  • New Dapp: Bulk Send Matic Tokens with PolygonSender
  • APR vs. APY: Linear & Exponential Interest
  • Popping the Hood on Emissions
  • $CRYSTL Vaults
  • Polygon (MATIC) Network App Developers Grow 60% Monthly; Usage Grows 145%
  • MonoX Mainnet Launch On Ethereum And Polygon
  • Axion Network Migrates to Polygon
Twitter YouTube RSS
Polygon Times Polygon Times
Switch to BSCTimes
  • Home
  • News
  • AMA’s
  • Calendar
  • Learn
  • Videos
  • Get In Touch
    • About PolygonTimes
    • Advertising
    • Contact Us
    • Careers
    • Disclaimers
      • Terms of Use
      • CCPA
      • Privacy Policy
      • DMCA
      • Cookie Policy
Polygon TimesPolygon Times
Learn

WalletConnect: All You Need to Know

VictorBy VictorJuly 19, 20213 Mins Read
WalletConnect
Share
Facebook Twitter LinkedIn Pinterest Email Reddit

WalletConnect makes it easy for you to connect dApps to your mobile or desktop wallets. Let’s start with the misconceptions; WalletConnect is not a Decentralized Application (dApp) but an open-source protocol that enables you to connect different supported dApps to your wallet.

With that out of the way, WalletConnect is a vital tool for the Decentralized Finance (DeFi) ecosystem because it increases the interoperability of dApps that you can use with your mobile and desktop wallet.

Let’s change another misconception you might have about WalletConnect; “how do I install Walletconnect?” WalletConnect is not an app like we stated earlier, so you don’t need to install it. All you need is to download a mobile or desktop wallet that supports the WalletConnet protocol. You can check if your wallet supports the WalletConnect protocol here.

Using WalletConnect, there are two ways to connect decentralized applications to your mobile wallet; through QR code scanning or deep linking.

How to Use WalletConnect

There are just four steps to walk to use WalletConnect on your mobile or desktop wallet.

Step 1: Open the compatible dApp you want your wallet to connect to. Click the “connect” button; the location of the “connect” button might differ based on the dApp, but most are placed at the top right corner.

Step 2: The next step is to connect your wallet. As stated earlier, you can connect either using deep linking or QR code scanning for both desktop or mobile.

For mobile or desktop wallets, select WalletConnect in the dApp, then use your desktop wallet to scan the QR code displayed on the dApp. You can also select the image that corresponds to your wallet on the dApp drop-down menu. Either way will get the job done.

Step 3: Authorize dApp. You will receive a notification from your wallet (mobile or desktop) asking for approval for the connection of the dApp to your wallet. Allowing a dApp means you permit it to access your account and conduct transactions. However, you can withdraw the authorization for dApps at any time.

Step 4: The last step is to confirm transactions. When you make a transaction with a dApp, a popup will appear asking for your approval for the transaction. Note that there will also be a gas fee associated with making a transaction in your wallet, as with every other transaction.

What are the Security concerns with Using WalletConnect?

First, you should know that using WalletConnect is secure. When you use WalletConnect, your connection to a dApp is encrypted, and no one can gain access to your private key. The main security issue with using WalletConnect is connecting a cloned version of a dApp. Using a faked or cloned app is a common approach used by attackers. Therefore on your path, all you have to ensure is that you are using the right dApp, and then you don’t have to bother about the security of your wallet.

If you’d like to dive deeper into WalletConnect, the team has a fully featured webpage with documentation that can be accessed by going to; https://docs.walletconnect.org/

How To Wallet Connect WalletConnect

Related Posts

Learn

DYOR — If Only We Knew How To

July 25, 2021By jpmoregain
Read More

Comments are closed.

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilibe Беларуская моваbn বাংলাbg Българскиca Catalàzh-CN 简体中文zh-TW 繁體中文hr Hrvatskics Čeština‎da Dansknl Nederlandsen Englishtl Filipinofi Suomifr Françaiska ქართულიde Deutschel Ελληνικάgu ગુજરાતીiw עִבְרִיתhi हिन्दीhu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語kn ಕನ್ನಡko 한국어ku كوردی‎lo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschms Bahasa Melayuml മലയാളംmr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoansr Српски језикsd سنڌيsl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskata தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegyi יידישyo Yorùbázu Zulu

Featured Articles

News

Polygon Staking in Bitfinex with $189 Million Worth of MATIC

February 24, 2022By Crypto Times Network
AMA

SPYRIT AMA Recap

January 20, 2022By Crypto Times Network
News

Polygon is Partnering with Opera Browser to bring Web3 to the Masses

January 4, 2022By Crypto Times Network
Press Releases

New Dapp: Bulk Send Matic Tokens with PolygonSender

January 3, 2022By Crypto Times Network
Polygon Times
  • About PolygonTimes
  • Advertising
  • Press Kit
  • Disclaimers
  • CCPA
  • DMCA
  • Privacy Policy
  • Terms of Use
  • Contact Us
© Polygon Times 2022

Type above and press Enter to search. Press Esc to cancel.