WEMIX Wallet and una Wallet services are shutting down. They will end on December 26, 2024, and you'll need to migrate your existing wallets using your recovery phrases or private keys. Loss is a real risk since this affects several platforms and services, and this article will walk you through the steps to secure your crypto assets.
Timeline of Impacts
- Service End Date: December 26, 2024, at 02:00 (UTC+0).
- Backup Time: Users have a year to store their recovery phrases or private keys.
- Affected Area: Wallet connections with WEMIX Wallet and una Wallet on platforms like WEMIX Stake and NILE are stopped.
- Post-Closure Service Simplification: The unagi website will streamline to just WEMIX PLAY app downloads.
The Importance of your Recovery Phrase and Private Key
The "seeds" are essential. Here’s why:
- Backup: Recovery phrases let you recover funds if you lose wallet access.
- Security: Keep them secret, locked up. Sharing the seed gives others full access to your wallet.
- Flexibility: Any wallet on the same network can take recovery phrases so if you’re technical or cautious, it can be handy.
How to Check your Recovery Phrases / Private Keys
una Wallet:
1. Open the una Wallet app.
2. Select the [Import Existing Wallet] option.
3. Enter your password to see your recovery phrase.
WEMIX Wallet:
1. Open the WEMIX Wallet app.
2. Enter your user password and choose which wallet address you want to see the private key for.
3. Click [Check private key] and re-enter your password.
Exploring Best Replacements for Crypto Exchange Wallets
Search for alternatives will be over. Here are some ideas for what to consider:
Excellent Hot Wallet Options
For Beginners
- Coinbase Wallet: Strong for beginners; friendly with Coinbase exchange.
- Trust Wallet: Over 10 million assets on 100+ blockchains make it great for mobile.
Blockchain-Focused
- MetaMask: Great for Ethereum-based tokens; can be non-Ethereum too.
- Phantom Wallet: Fantastic for Solana, Ethereum, Bitcoin, and Polygon assets.
Great DeFi Hot Wallets
- Crypto.com DeFi Wallet: Swaps and tools for passive income on your crypto.
- Bitget Wallet: Non-custodial Web3 wallet with features like NFT trading and access to over 20,000 DApps on 100+ blockchains.
Multi-Chain Hot Wallets
- Exodus: Over 1,000 cryptocurrencies across 50+ networks with staking apps.
- Zengo: Secure, multi-chain wallet for 180+ crypto assets and NFTs.
Top Cold Wallet Choices
Best for the cold wallets are:
- Ledger Nano X: Great chance you're already using it but it’s known for wide crypto support.
- Trezor Safe 5: Strongest Bitcoin hardware wallet security.
Steps for Migration and Precautions for Users
To protect your assets, take these steps to migrate:
- Backup your recovery phrases and private keys.
- Pick a new wallet from those mentioned above.
- Import your wallet into the new wallet.
- Check your transferred transactions via the blockchain explorer corresponding to your digital asset network.
Important precaution
- Secure Storage: Keep your recovery phrase and private key locked down during the year.
- Don't Share: Don’t let anyone in on your recovery phrase or your private key.
- Monitor: Keep tabs on your wallet and transactions to check all is well.
Summary
The WEMIX Wallet and una Wallet closure is significant. It’s vital to understand the importance of recovery phrases and private keys. Check out these new crypto exchange wallets to keep your coins secure.
