Kaspa Wallet
Unlock the power of decentralized finance with Kaspa Wallet – your go-to solution for secure and efficient cryptocurrency transactions.
Last updated
Unlock the power of decentralized finance with Kaspa Wallet – your go-to solution for secure and efficient cryptocurrency transactions.
Last updated
Kaspa is a PoW (proof-of-work) based project on the GHOSTDAG protocol. It’s a general version of the Nakamoto consensus. Then, the project is open-sourced, community-based, and follows no central governance or business model. The idea was first implemented by Yonatan Sompolinsky and Aviv Zohar in 2016.
By using the GHOSTDAG protocol, the team aims to resolve the scaling constraints present in the Nakamoto or any PoW-based project. Kaspa will offer a tool to design layer 2 applications. Therefore, the project will provide a security guarantee like any PoW-based project with the advantage of faster block processing speed with adjustable block-time and reward. In this article, you will learn how to use the Kaspa Wallet.
Kaspa’s Wallet Features
Currently, the Kaspa testnet processes 1 block per second. However, the team is working to increase this level to 10 or even 100 blocks per second. Also, the KASPA project is still in the early phase. Users may experience some bugs or network connection issues. In addition, we will explain how you can get some free KAS tokens from the faucet and learn to use the wallet. We’ll start learning how to get the kaspa’s token.
1) How to Get KAS Tokens
Then, users can get KAS, the Kaspa’s token, from the below channels:
TXBIT Exchange- Get the KAS token from the Txbit exchange, paired with USDT.
Via Mining- You can set up a mining node to participate in the Kaspa ecosystem and earn KAS tokens as rewards.
Bounties- Get some bounty tokens from the community members by contributing to the Kaspa community.
2) Types of Kaspa wallet
In addition, at present, the wallet is available in 3 different forms:
Kaspa web wallet
Desktop wallet
Kaspa Command Line Wallet
Moreover, we will explain how you can access and use the web-based application of the Wallet.
3) How to Access The Kaspa Wallet
To access the Kaspa web wallet, visit the link
Here, you can find two options to set up your wallet:
Create A New Wallet: This will allow the users to create a new wallet.
Recover From Seed: This allows users to retrieve their existing wallets and funds by giving their 12-word backup seed phrase.
4) How to Create A Kaspa Wallet
Then, to create a new wallet, click on this option. The application will ask you to set up your wallet’s password. Next, it will show you the 12-word backup phrase and ask you to verify some of the key phrases. Once you verify it correctly, you can see the wallet’s landing page.
