Tezos is an open-source platform for assets and applications that can evolve through self-amendment without requiring hard forks. Known for features like on-chain governance, self-amendment, and a proof-of-stake algorithm, Tezos is also a leading blockchain for tokenized assets and NFTs. As the NFT market grows rapidly, exploring opportunities on Tezos—a blockchain specialized in NFTs—is a smart move.
To interact with this promising platform, you'll first need a Tezos wallet. But what exactly is a Tezos wallet? Where can you create one? This guide will walk you through the process step by step.
What Is a Tezos Wallet?
A Tezos wallet stores XTZ and FA1.2/FA2 tokens within the Tezos blockchain. It allows you to send, receive, and interact with decentralized applications (dApps) on the network. Crucially, you retain full control—no third party can access your funds without your permission.
Key Components of a Tezos Wallet:
- Wallet Address: A unique alphanumeric string (starting with "tz...") used to receive XTZ or tokens (e.g.,
tz1NqA15BLrMFZNsGWBwrq8XkcXfGyCpapU1). - Passphrase: A 12-word recovery phrase (e.g., "strike dragon jar random tuna claw multiply ring member blue roast picture") to restore access.
- Private Key: A cryptographic key (e.g.,
edskS9dHE8B3bFbTovFaJLfAzJEoLhWQ5uaQgPozEH8P4rEPbKwLrQyxZfkvuxH9rChfKHh9U3BLHTYHYMd4j2MrXF72xqx8Nx) to sign transactions.
Think of your Tezos wallet as a bank account: the address is your account number, and the passphrase/private key is your password. Unlike traditional banking, Tezos wallets ensure anonymity—transactions are tied to encrypted addresses, not personal identities.
Where to Create a Tezos Wallet (XTZ)?
You can create a Tezos wallet using Coin98 Wallet, a non-custodial wallet supporting Tezos and 40+ other blockchains (Ethereum, Solana, Polygon, etc.). As a decentralized wallet, Coin98 ensures you retain full control over your assets.
Step-by-Step Guide to Creating a Tezos Wallet
Mobile (Coin98 Super App)
- Download the App: Get Coin98 Super App from Download Coin98 Super App.
- Create Wallet: Open the app, navigate to "Wallet" → "Manage" → "Add Wallet," then select Tezos (XTZ).
- Set Up Security: Name your wallet, save the 12-word passphrase offline, and confirm it.
- Verify Backup: Tick the confirmation boxes and select "Create Wallet."
Desktop (Coin98 Extension Wallet)
- Install the Extension: Add Coin98 Extension Wallet via chrome.coin98.app.
- Create Tezos Wallet: Follow the same steps as the mobile version (details coming soon).
How to Receive/Send XTZ and FA1.2/FA2 Tokens
- Receive: Go to your Tezos wallet, click "Receive," and share the address or QR code.
- Send: Select "Send," enter the amount and recipient address, and confirm. Transaction fees are ~0.0015 XTZ.
FAQs
Is storing XTZ in a Tezos wallet safe?
Yes! Coin98 Wallet is non-custodial—only you control your assets via your passphrase/private key.
Are there fees for sending XTZ?
Yes, small gas fees (paid in XTZ) are required for blockchain confirmation.
Can I create multiple Tezos wallets?
Absolutely. Each wallet has a unique address and passphrase. Label them clearly for easy management.
Can Tezos wallets store other cryptocurrencies?
No. Tezos wallets only support XTZ and FA1.2/FA2 tokens. Never send other coins to a Tezos address.
Conclusion
Tezos offers fast, low-cost transactions for NFTs and tokenized assets. By creating a Tezos wallet, you secure a gateway to this ecosystem. For multi-chain storage (Bitcoin, Solana, etc.), Coin98 Wallet provides a unified solution.