Sollet Wallet: In Depth Review and How to use it
Sollet is a browser extension wallet that is non-custodial and open-source, designed for the Solana network. The wallet is developed by the Project Serum team and allows Solana network users to send, receive, and swap SPL tokens. It is recommended for advanced users and developers due to its many network options. In this article, we'll be guiding you through the process of installing and setting up Sollet wallet, and using it with Chrome browser.
Install Sollet Wallet (Chrome browser)
To install Sollet wallet on your Chrome browser, simply click the link provided here. This will direct you to the wallet's installation page. You will notice a button labeled "Add to Chrome" on the page. Click on this button.
A pop-up will appear asking for your permission to add the wallet to your browser. Once you give the approval, the wallet will be installed in your browser. Look for the Sollet wallet icon in your browser to confirm the installation.
Set Up Sollet Wallet
After installing the Sollet wallet extension on your Chrome browser, the setup process is straightforward. Simply click on the application to initiate setup.
The first step will prompt you to save your backup phrase, which is necessary for account recovery. Once that's completed, you'll be asked to set up a password to secure your wallet. After that, you'll be taken to the wallet's landing page, where you can begin exploring the many features Sollet has to offer. Overall, the setup process is simple and easy to follow, allowing you to quickly get started with Sollet and begin managing your Solana tokens in no time.
Receive
In order to receive funds in your Sollet wallet, you will need your receiving/public address. To obtain this, simply click on the Receive button. You will then be able to view your public address, as well as a QR code that can be copied and shared with other users.
Note: This is an important step in the process of managing your Solana tokens, as it allows you to easily receive funds and track your transactions. By utilizing the many features of Sollet, you can stay on top of your token management and engage with the Solana ecosystem in a more effective and efficient manner.
Send
To initiate a transfer using Sollet, you can utilize the "Send" option which is located in the wallet interface. Upon clicking the button, you will be presented with two fields to input the recipient address and desired transfer amount. Once you have completed these steps, you will be asked to confirm the process to ensure its accuracy.
Swap
The Swap functionality of Sollet wallet enables users to effortlessly convert one supported token into another. To initiate a swap, users need to specify the token they wish to give in the first field, followed by the token they want to buy in the second field.
Once these details have been entered, users can proceed to specify the amount of the source token they wish to swap, following which the application will display the amount of the resultant token they will receive in return.
Finally, users can confirm the swap by clicking on the Swap button, thereby completing the transaction in a seamless and hassle-free manner.
With the Swap feature of Sollet wallet, users can engage with the Solana ecosystem with greater ease and convenience, thereby unlocking new possibilities in their token management journey.
Add Token
By default, Sollet wallet comes with the SOL token, but if you're looking to add other tokens, you can easily do so by clicking on the plus sign (highlighted below). Once you've found the token you're looking for, simply click on the Add button beside it.
Note: It's important to note that there is a nominal fee of 0.002039 SOL associated with adding new tokens to your wallet.
By taking advantage of this feature, you can expand your token management capabilities and engage with the Solana ecosystem in new and exciting ways.
Network
Sollet wallet enables developers to effortlessly connect with multiple networks (dev net, test net, localhost, and main net), providing them with the freedom to choose and alter their wallet's configuration in accordance with their needs and preferences.
The wallet's developer-friendly nature allows users to import hardware wallets and manage multiple accounts using a single wallet interface, thereby unlocking new possibilities in their token management journey.
With its ability to send, receive, and swap SPL tokens, Sollet is a versatile and reliable wallet option for advanced users and developers seeking to engage with the Solana ecosystem.
Import Hardware Wallet
The next highlight of the Sollet wallet is that it allows you to connect and work with a ledger device, making it a reliable and secure option for those looking for advanced security features.
To connect to a ledger device, simply navigate to the Setting-> Import Hardware Wallet option in the Sollet wallet, and follow the instructions that appear on the screen. With this feature, Sollet offers users even greater flexibility and versatility when it comes to managing their Solana tokens.
Add Account
Sollet wallet offers a variety of advanced features for users and developers, including the ability to import an existing wallet into a new device using the "Add Account" option. By providing the private keys of their wallets, users can manage multiple accounts using a single wallet interface, giving them greater flexibility and control over their Solana tokens.
With this option, users can easily switch between accounts and work with them, making Sollet a versatile and reliable choice for those looking to engage with the Solana ecosystem.
Conclusion
In conclusion, Sollet is a powerful non-custodial wallet for the Solana network that is best suited for advanced users and developers. With the ability to access multiple networks, import hardware wallets, and manage multiple accounts, Sollet offers a range of features that make it a versatile tool for those looking to engage with the Solana ecosystem. Whether you are looking to send, receive, or swap SPL tokens, Sollet is a reliable and secure wallet option to consider.