What is a Ronin Wallet?
How to create a Ronin Wallet
Steps to create an Axie Infinity account with a Ronin Wallet
How to Use a Ronin Wallet
How to make a transaction in a Ronin Wallet
If you are a gamer interested in playing Axie Infinity, a play-to-earn NFT game, you have to learn how to create and use a Ronin Wallet.
Ronin Wallet is a crypto wallet designed especially for a game named Axie Infinity. In addition to its use in the ecosystem of the Axie Infinity game, this crypto wallet is also compatible with other NFT games in the Ronin Blockchain.
Read through the article to know more about a Ronin Wallet and the steps of how to use it!
What is a Ronin Wallet?
A Ronin Wallet is a crypto wallet that operates in the Ronin network, a sidechain from Ethereum.
Through this wallet, you can find much fun playing Axie Infinity, a popular play-to-earn NFT game, and various Decentralized Applications (DApp) that operate in the Ronin Blockchain.
Not only this, but you can also log in to the Axie Infinity Marketplace send and receive a crypto asset and NFT without having to pay gas fees that can be very costly.
At present, Wrapped Ether (WETH), Axie Infinity Shard (AXS), USDC, and Smooth Love Potion (SLP) can be saved in a Ronin account.
AXS and SLP are the ERC-20 tokens that can be gained by completing daily missions and playing against other players in Axie Infinity. Since November 2021, you have been able to use AXS and SLP to breed new Axies.
Axies are pet animals that you will find in the Axie Infinity game. Besides, you can also trade SLP in several reputable crypto exchanges globally.
How to create a Ronin Wallet
This wallet is available in the form of a browser extension or a cellular application that you can download either from the Play Store for Andriod or App Store for Apple devices. Click the links to download Ronin Wallet right away.
Below are the steps to create a Ronin Wallet extension.
- Add the Ronin Wallet extension to Chrome or Firefox.
- Open the Extension and click “Get started”, you will be navigated to the Ronin Wallet setting page. Now click the section, “I’m new. Let’s get set up!”
- Create a strong password for your own wallet and click “Create Wallet”. Make sure that the password has a combination of letters, numbers, and symbols to ensure its strength.
- Click “Reveal Seed Phrase” and write down your secret recovery. Then you must save it in a safe place as you will need it later to recover your own wallet. Never share your own phrase seed with others!
- Next, click “Continue”, and your wallet account is ready to use!
- Click the browser extension to open your interface wallet.
At the top, you will see the wallet name [Account#], followed by your Ronin address. Later on, you must give this address when depositing or receiving an asset.
The section “Asset” shows the balance of your current NFT tokens of ERC-20 and ERC-721. To check your transaction history, click “Activity”.
It is important to understand that a Ronin Wallet is a non-custodial service. It means that others can’t access your fund, even the Ronin developer himself.
And it means that if your private keys are lost, stolen, or destroyed, no one can help you recover your wallet account.
This is why you must always write down a password first and save it in two or three different locations. Hence, if something unwanted happens, you can recover your account easily.
Steps to create an Axie Infinity account with a Ronin Wallet
Below is the guide on how to create an Axie Infinity account with a Ronin Wallet.
- Visit an Axie Marketplace and click “Login”
- Choose “Login with Ronin Wallet” and click “Confirm” to allow the game to connect to your Ronin Wallet.
- Now, choose a username and click “Save”. To complete the setting, add your email and create a password to protect your account. Your Axie Infinity account is ready now.
How to Use a Ronin Wallet
After setting the browser extension, the next step is that you can use your Ronin Wallet address to receive Axies, SLP (Smooth Love Potions), AXS (Axie Infinity Shards), wETH (wrapped ETH), Lunacian land plot, item Land, and other tokens that Sky Mavis may launch in the future.
In addition, you can also use this wallet to access the Axie Infinity Marketplace, a place where you can buy and sell all items related to the Axie Infinity game using a Wrapped Ethereum (wETH).
Then to buy the Axie, you need to change ETH from Metamask to ETH that is wrapped in the Ronin network.
To do this, you can open your Ronin Wallet key, and after that, you use it to create an Axie Infinity dashboard key and select “Deposit to Ronin”.
It is important to note that an Ether wallet address is always started with “0x”, and the same thing would apply to a Ronin address.
However, when sending from an Ether wallet to a Ronin wallet, “0x” in the address should be replaced first with “ronin.”.
Click the “Deposit to Ronin” button, and the following window will open.
When depositing funds to Ronin, make sure to enter “ronin:” into the address.
After entering your Ronin address correctly, you will choose an asset (ETH, SLP or AXS).
Next, choose the amount you want to transfer and press “Next.” Then, a pop-up from Metamask will appear to ask you to choose the desired gas fee, and then confirm the transaction.
Although Ronin can make gas fee-free trading in the network, the users still have to pay a number of “fuel” fees to transfer tokens.
How to make a transaction in a Ronin Wallet
- Open your browser extension and click “Send”.
- Enter a destination address and choose an asset (WETH, AXS, or SLP). Then, enter the amount you want and click “Next.”
- Finally, recheck the detail and then click “Confirm.” Ronin will allow you to make 100 free transactions each day. It means that its users will not have to pay any fees for the transaction.
You’ve already learned everything you need to know about Ronin Wallet. Now you can connect your wallet on Axie Infinity with confidence.
