Importing Crypto Assets into your Crypto Wallet (Trust Wallet, OKX, Metamask)

The world of finance in the Cryptocurrency Industry and Blockchain Technology is rapidly evolving and growing such that it has become a hot seat for Investment Opportunities. New cryptocurrencies are often launched with the hope of being widely accepted by the decentralized community to appreciate. Various entities often give out airdrops, which are free unsolicited tokens of an asset, to encourage users to continue mining their coins and for the overall growth of the project and its community. Whether it is safe to invest in cryptocurrency and which assets to stay on the lookout for are set for a later article.

There are lots of coins you can mine, and it can be challenging to remember often the number of coins you have on every platform. This becomes harder when you want to monitor the appreciation or depreciation of all your assets, hence necessitating a wallet. The wallet stores all your cryptos and allows you to perform tasks such as ;

· Monitoring the performance of your coins

· Purchase of new or more coins

· Selling your coins

· Receiving coins

· Sending Coins

The entire purpose of a crypto wallet can be summed up in three words: Managing your Cryptos. In this context, purchasing and receiving coins may seem synonyms, but they slightly differ. On purchase, it matches you with potential sellers on the wallet for the token you’re looking to acquire while receiving refers to acquiring assets from external sources such as Airdrops claiming, Main-net distribution as a result of mining, or from other users. The same applies to selling and sending assets. Selling is associated with getting matched with potential buyers in the wallet and selling them your token at a particular value. In contrast, sending is associated with transferring tokens to external sources outside your wallet, such as other users or friends.

It’s important to note that the vital distinction in buying and selling is that these transactions;

· Are conducted via an Exchange such as Coinbase, Gemini, Binance, etc. This is to reduce the risks of being a victim of crypto fraud.

· Are not free as crypto exchanges charge trading fees in the form of gas fees on the Ethereum Platform and transaction fees on the Binance Smart Chain. These charges vary from one platform to another.

With the most recent massive venture into mining cryptocurrencies, many people often encounter problems transferring their coins from the token’s application or website to their crypto wallet, which is a secure online wallet that stores your cryptocurrency keys and lets you access your crypto coins. This is a frustrating and quite disappointing ordeal.

Numerous wallets are used, but the most common are Trust Wallet, OKX, and Metamask. The following procedures will guide you in successfully importing crypto tokens to your wallets.

Trust Wallet

To Import your assets to the wallet, follow the procedure below;

Head over to the token website or app and check for the following

· The contract address.

This is a unique address allocated when a smart contract is deployed. Every token has its contract address that identifies the token.

· The type of Smart Chain Network the token runs on.

These networks allow various functionalities, but mainly, they support the deployment of Smart Contracts and decentralized Applications. There are varieties, but the prominent ones are the Ethereum Network and Binance Smart Chain (BSC).

· Confirm the type of Smart Chain Network and Copy the contract address.

Go to your Trust Wallet, and on the home page, scroll down to the bottom, and you’ll see a “manage Crypto.” Click on it.

On the top right corner, a plus sign should be visible. Click on it, and a form will be presented for you to fill out.

On the Token section, select the Network of your token provided in step 1. On the address entry, paste the contract address you copied. Alternatively, if you’re using multiple devices, you can scan the code of your token from the token’s Application. Automatically, the rest of the fields should autofill. You can then verify the identity of the token.

If you select the wrong Network or paste the incorrect address, the rest of the fields won’t autofill. Go back and verify your details.

Click Import, and your tokens should reflect on the dashboard.

Now, you can monitor your token’s progress and make financial decisions, such as acquiring more if necessary.

MetaMask

To Import your crypto assets on Metamask, follow the procedure below;

Head over to the token website or app and check for the following;

· The contract address.

This is a unique address allocated when a smart contract is deployed. Every token has its contract address that identifies the token.

· The type of Smart Chain Network the token runs on.

· Confirm the type of Smart Chain Network and Copy the contract address.

Go to your Metamask Wallet, and on the home page, at the top, you’ll find the network selection, with the default being the Ethereum Network. If your token doesn’t run on the Ethereum Platform, toggle the dropdown menu under the Network and click Add Network. Then, select the Smart Chain Network of your token.
With the network set, on the homepage still, click on the “import tokens” link found at the bottom. You can then search for the token, and if it is not found, switch to the Custom Token section and paste the contract address into the Token Address entry. Automatically, the other fields should autocomplete. The token symbol should display the symbol of your token. If the address is incorrect, you’ll not be able to import.
Click Import, and your tokens should reflect on the dashboard.

OKX

OKX offers both a wallet and an Exchange. To Import your crypto assets on OKX, follow the procedure below;

Head over to the token website or app and check for the following;

· The contract address.

This is a unique address allocated when a smart contract is deployed. Every token has its contract address that identifies the token.

· The type of Smart Chain Network the token runs on.

· Confirm the type of Smart Chain Network and Copy the contract address.

Go to your OKX application, and on the home page, navigate to the wallet section at the top. Scroll down till you see a “Manage Crypto.” Click on it.
Paste your contract address on the search bar, then click “Add Custom Crypto.” You’ll find the network selection with the default being the Ethereum Network. If your token doesn’t run on the Ethereum Platform, toggle the dropdown menu and select the preferred Network for your token.
Paste the contract address in the Contract Address entry. Automatically, the other fields should autocomplete. The token symbol should display the symbol of your token.
Click Confirm, and your tokens should reflect on the dashboard.

Conclusion

It is best practice to buy and sell your coins via exchanges. Even though this may seem expensive, it is essential in ensuring the other party meets and complies with the terms of the trade agreement.

When importing on Trust Wallet, If the Network and Contract Address don’t match, the form won’t autofill, and you should recheck the details.

When using Metamask, if the network and address fail to match, the import button is disabled, which helps prevent you from inserting the wrong credentials and getting frustrated when the tokens do not reflect on your wallet.

When using OKX, you can toggle between wallet and Exchange options to cater to your needs fully. If you want to acquire coins and join the crypto trend, you can consider it for a start or any other exchange platform stated in this article or any legitimate one out there. Alternatively, you can acquire them by actively mining and participating in airdrops and following the steps described here to import them.