Getting Started with a Crypto Wallet: A Beginner's Guide for First-Time RahaKaitse Users

If you've never used cryptocurrency before, the idea of setting up a wallet can feel like the biggest barrier to using RahaKaitse escrow. In practice, it's a one-time setup that takes only a few minutes.

What a crypto wallet actually is

A crypto wallet is an app (or browser extension) that lets you hold, send, and receive cryptocurrency, including the stablecoins RahaKaitse uses for escrow deposits. Think of it as the account you'll use to deposit into or receive from a RahaKaitse smart contract, similar in concept to a bank account but one you control directly.

Setting up your first wallet

• Choose a well-established, reputable wallet app or browser extension.
• During setup, you'll be given a "seed phrase" — a series of words that acts as the master key to your wallet.
• Write this seed phrase down and store it somewhere safe and offline. Anyone with your seed phrase has full access to your funds, so never enter it into a website, share it with anyone, or store it digitally where it could be stolen.
• Once your wallet is set up, you'll need to add funds — either by purchasing crypto through the wallet directly or transferring it in from an exchange where you've already purchased stablecoins.

Before your first RahaKaitse transaction

• Confirm which network RahaKaitse currently supports before sending any funds, and make sure your wallet and deposit are on the same network — sending funds on the wrong network can result in permanent loss.
• Keep a small amount of the network's native token in your wallet as well, since most blockchain transactions require a small fee paid in that token.
• Consider starting with a smaller test transaction if you're unfamiliar with the process, before using it for a high-value purchase.

The one rule that matters most

No legitimate service — including RahaKaitse or Kaubaplats — will ever ask for your seed phrase. If anyone does, it's a scam, full stop.