Defi on Tezos: How to Setup Tezo Defi Wallet with Temple Wallet
SoundCrypto Crypto Currency for Beginners
Temple Wallet is a Tezos blockchain as Web Extension for your Browser. Temple Wallet is easy-to-use browser extension wallet for Tezos ecosystem. Temple Wallet supports Android Phone on Google Play. They also have a app for Apple App Store coming soon as of shooting this video. Only install apps from the official templewallet.com site. Never trust google Search ads. Scammers tend to advertise on Google Ads to steal your Seed Phrase during the app setup to steal funds in there using a fake Temple Wallet. Never install Google Playstore apps that did not find from the official site. Temple Wallet provide browser extensions for Chrome, Mozilla Firefox, Opera, Vivaldi, Yandex Browser, Microsoft Edge, Brave and soon Safari. I am going to show you how to install Google Chrome Extension. Click on Install button next to Google Chrome. This will guide you to the Temple - Tezos Wallet. You will see this is official with 100,000+ users install. If there are only few hundred or thousand installed, you are trying to install a scam Temple Tezos wallet. Never install a scam Temple Wallet extension. You will lose your funds their. After you install the Temple Wallet, go to Extensions button and select the Temple button. This will enable Temple - Tezos Wallet Extension on tool bar.
Temple provides the ability to interact with web-based decentralized applications (so-called "dApps") right from your browser. Think of this as Metamask for Tezos blockchain.
Temple wallets important features are:
- It is a fully open-source and audited wallet,
- Exploring various Tezos-based assets
- Easy account import from other Tezos wallets
- Multiple accounts
- Delegation to bakers
- FA1.2 / FA2 tokens
- Multiple networks
- Collectibles support
- Built-in DEX swaps such as Tezos Dex such as Plenty Defi and QuipuSwap.
I have some few hundred Tezos tokens I have. I am currently have those Tezos tokens in Coinbase making me 4.40% APY for holding Tezos. I also do not like to keep my tokens on centralized exchange with onerous requirements like verifying my private self custody wallet, I want to pull my funds off to my own self custody wallet with no limitations.
In Temple Wallet, you can import existing wallet with Seed phrase. If not you can setup a new one. Always write down the 12 word seed phrase in paper an save it to safe. Also Safe your Seed phrase into a password manager. For obvious reasons, I did not show the Seed Phrase setup screen on my wallet. It will give you option to enter manually seed phrase words from word 7 thru 12.
Official Temple Wallet Link: https://templewallet.com/
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