Master the on-chain wallet and stay at the forefront of Web3
With the rapid development of blockchain technology, Web3 has gradually moved from the conceptual stage to the mainstream application stage. According to Messari data, the global on-chain transaction volume has exceeded 1.2 trillion US dollars in 2024, and the number of on-chain wallet users has increased by 65% year-on-year. Especially driven by Meme coins, DeFi and GameFi, more and more investors realize that owning an on-chain wallet is the first step to participate in these new trends.
Recently, Trumps TRUMP has become popular, allowing many new users to contact on-chain transactions for the first time, setting off a wave of enthusiasm for joining Web3. As Alvin Kan, COO of Bitget Wallet, said, Many people have found that they can seize opportunities like TRUMP at the first time through on-chain wallets, instead of relying on traditional centralized exchanges. We believe that the popularity of TRUMP is not just a short-lived phenomenon, but reflects users desire for on-chain trading opportunities. More and more new users are pouring into Web3 through on-chain wallets, trying to find the next outlet.
Why do you need an on-chain wallet now?
At present, the outbreak of on-chain assets is mainly concentrated in the following three trends:
1. The meme coin craze continues: new coins are launched at a very fast speed, and on-chain wallet users are often the first to capture high-yield opportunities.
2. DeFi ecosystem expansion: On-chain transactions have become an important way of more flexible and low-cost asset allocation.
3. Improved multi-chain interoperability: Multi-chain supporting wallets like Bitget wallet make cross-chain operations more convenient and provide users with more asset choices.
It is because of these trends that having a comprehensive and easy-to-use on-chain wallet is the first step to seize the Web3 opportunity.
Create an on-chain wallet
The latest currency created on the chain, initially users can only trade by entering the token contract address through the on-chain wallet, and at this time many centralized exchanges have not yet launched trading pairs for this token.
For example, the recently popular $TRUMP token was first released by Trumps official X account. Users could copy the token contract address and immediately trade it in the on-chain wallet. At that time, the cost of purchasing the token was about $1-10. However, if users do not have an on-chain wallet and store all their crypto assets on a centralized exchange, the purchase cost may rise significantly to around $20.
Therefore, the key to seize the latest trading opportunities on the chain is to have a dedicated on-chain wallet. Especially for novice users who are new to Web3, this is their first step into the crypto world. Many new users tend to use mobile phones for transactions, so it is particularly important to choose a comprehensive, easy-to-use and secure on-chain wallet.
Bitget Wallet provides an easy-to-use and secure multi-chain wallet designed to simplify users cryptocurrency transactions and seize new opportunities and new assets on the chain. Next, we will show you how to create a Bitget wallet and trade on the chain on your mobile phone.
Bitget wallet creation
Step 1: Enter Scan the QR code to download it on the Bitget Wallet official website ; or download the Bitget Wallet App in the mobile app store, click the software, click Create a new wallet, set the Pin code and verify it, and you can successfully create a wallet.
Step 2: After creating the wallet, click Backup Now and save the mnemonic according to the prompts. It is recommended to copy and check it manually. The mnemonic is the only way for you to retrieve your wallet, so it must be kept properly. Please remember that the mnemonic must not be disclosed to anyone, otherwise others will be able to completely control your assets.
Step 3: Click Wallet, select Solana in All Networks in the upper right corner, click Receive, and then copy your Solana wallet address. The wallet address is similar to the bank card number of traditional finance and is used to receive tokens.
Solana addresses only support receiving tokens on the Solana chain. Please make sure that the copied address is accurate, otherwise your assets may be lost and cannot be recovered.
Withdraw from exchange to on-chain wallet
Withdraw SOL/USDT from the exchange to your wallet
On a centralized exchange (such as Bitget Exchange), select Withdraw and select On-chain Withdrawal, then select SOL or USDT (Solana Chain).
When entering the wallet address, please note that some currencies (such as USDT) have multiple on-chain versions. When withdrawing funds, you must ensure that the selected network is consistent with the wallet address. Otherwise, the funds may be lost and cannot be recovered.
How to obtain SOL across chains after the exchange suspends withdrawals
When most users buy popular tokens in the Solana ecosystem, they usually buy SOL on a centralized exchange first, and then withdraw the coins to the on-chain wallet. However, if a popular event like Trumps coin issuance occurs, many users withdraw coins at the same time, which may cause the withdrawal speed to slow down or even suspend the withdrawal. At this time, the cross-chain function provided by the Bitget wallet is very useful, which can help you get SOL or USDT (Solana) as soon as possible and purchase highly popular tokens in time. Many users use the cross-chain function to quickly transfer assets to the Solana chain, and have obtained super high returns after buying at a very low cost in the early stage of $TRUMP. The following are the specific steps:
Step 1. Withdraw USDT or USDC from a centralized exchange to the Bitget wallet address via Arbitrum or Optimism chain.
Step 2. After the funds arrive, in the Swap of the Bitget wallet, transfer USDT or USDC from chains such as Arbitrum or Optimism to the Solana chain with one click.
Step 3. After successfully withdrawing USDT or USDC to the Solana chain, exchange it for SOL or the popular token of the Solana chain you want to trade.
Buying Cryptocurrency via OTC
If you have never used a centralized exchange, or there are no crypto assets in the exchange, you can also use the OTC (Quick Coin Purchase) function directly in the Bitget wallet to use 50+ fiat currencies to purchase USDT and USDC stablecoins. Some OTC channels will also promptly support the direct purchase of popular currencies such as TRUMP with fiat currencies. This function is especially friendly to novices and helps you participate in market hotspots at the first time.
How to buy popular currencies on the chain
Method 1: Purchase in MemeX
MemeX is a Meme coin trading tool launched by Bitget Wallet, which helps users easily discover and trade the latest Meme coins on the chain. With MemeX, you can quickly view newly created Meme coins within a few seconds and trade them. For example, if you want to discover the next $TRUMP, MemeX provides a series of key indicators, such as liquidity, number of coin holders, etc., to help you screen out potential coins and trade quickly. Even after the transaction is completed, you can view the profit data in real time, share profit screenshots with one click, and show off your achievements with friends.
In addition, MemeX supports limit price transactions on Solana and Base chains. There is no need to watch the market. Just set the order price and order validity period, and it will automatically complete the transaction for you.
MemeX also displays the 100x coins that have been recommended in history, and recently added key data such as liquidity, number of coin holders, price fluctuations, and transaction volume fluctuations to help you make wise trading decisions. The buy page also provides information such as total market value and liquidity to comprehensively improve the trading experience.
Main steps: Browse the monitored currencies on the MemeX main page, click on the currency you want to buy, enter the amount of SOL to be purchased in the pop-up window, and click Buy to quickly complete the transaction.
After the transaction is completed, you can view your holdings and real-time profit data, and you can also share your profit screenshots with one click.
Method 2: Purchase from the Hot Picks list
Hot Picks of Bitget Wallet is a list that helps you discover the next 1,000-fold meme coin. The earliest coins included in the list, such as $GOAT, $ACT, $PNUT, $BAN, $RIF, $LESTER, have achieved a hundred-fold or even a thousand-fold increase.
Hot Picks uses a combination of AI algorithms and manual selection to update 5 to 10 Meme coins with the most potential in real time every day, providing accurate K-line data and a smooth trading experience. Even if it is your first time to come into contact with Meme coins, you will have the opportunity to catch the next golden dog.
Step 1: Enter the Hot Picks list, browse the popular currencies of the day, and check the market and market value data of the currencies;
Step 2: After clicking Exchange, select the currency to sell, set the transaction quantity, and click Confirm to quickly complete the transaction.
