Hedera (HBAR) is an open-source, public-permissioned Proof-of-Stake (PoS) network, governed by the...
HashPack is a leading wallet solution for the Hedera network, known for its user-friendly interface, robust security features, contributions to the Hedera ecosystem, and comprehensive support of Hedera tokens. This guide will explore the key features of HashPack, provide step-by-step instructions for setup and usage, and delve into the details of their upcoming token launch of $PACK.
HashPack is designed to provide a seamless experience for both beginners and advanced users in the crypto space. It supports all essential wallet functionalities, including storing, sending, and receiving HBAR and Hedera tokens, staking, and connecting to decentralized applications (dApps) on the Hedera network.
Since its inception, the team at HashPack has delivered a multitude of accomplishments to the Hedera ecosystem. They built HashConnect (the first secure dApp connection library on Hedera) and wrote the HIP-412 NFT metadata standard which is used all across the Hedera NFT ecosystem today. HashPack services over 95% of the monthly active users on Hedera.
Key Features
- User-Friendly Interface: Intuitive design makes navigation easy for users of all experience levels. Customizable dashboards enable quick access to frequently used features.
- Security: With email accounts also comes the enablement of multi-factor authentication and biometric login options. HashPack is also 100% non-custodial, integrated with hardware wallets, and is fully audited. More details on HashPack’s security features can be found here.
- Full support for HBAR and all Hedera tokens: Comprehensive token support is a key feature to have in a crypto wallet, and HashPack delivers.
- dApp Browser: HashPack has an integrated dApp browser that lists the most prominent applications in the ecosystem.
- OnRamp Support: In some cases, you may want to directly convert your fiat (cash) into crypto tokens. HashPack supports an integration with c14. Reach out to c14 and HashPack if you wanted to get set up with their fiat onramp.
- $PACK Token: HashPack is launching its token on May 22, 2024. This token aims to enhance the wallet’s ecosystem by offering unique benefits and utilities for users.
Getting Started with HashPack
Step 1: Download and Install HashPack
Visit the HashPack website to download the wallet for your preferred platform (iOS, Android, or browser extension).
Follow the installation instructions to get the wallet set up on your device.
Step 2: Create or Import a Wallet
Create a New Wallet: Follow the on-screen instructions to create a new wallet. The simple method if you're new to Hedera is to create a new account using your email address.
Import an Existing Wallet: If you are an advanced user you may choose advanced creation, which requires you to securely save your seed phrase to import an existing Hedera wallet.
Step 3: Secure Your Wallet
Enable Multi-Factor Authentication: Add an extra layer of security by enabling 2FA. This is only available for email-based accounts
Set Up Biometric Login: For devices that support it, set up fingerprint or facial recognition.
Step 4: Explore the Dashboard
Navigate through the dashboard to familiarize yourself with the layout and available features.
Customize your view to prioritize the features you use most often.
Step 5: Sending and Receiving $HBAR and Tokens:
To Send Assets: Navigate to the send screen, enter the recipient’s address, the amount, and confirm the transaction.
To Receive Assets: Share your wallet address or QR code with the sender.
Step 6: Staking
Staking HBAR: Access the staking feature, choose a validator, and stake your HBAR.
Validation Cloud x Hashpack
“Our team has been impressed with the performance of Validation Cloud’s Hedera endpoints. Validation Cloud’s commitment to speed and reliability results in a great experience for our users and their team is responsive and professional. We are happy to recommend their services to any developers and companies building on Hedera that require mirror node services.” - May Chan, HashPack CEO
The Validation Cloud team is a proud supporter of and operator for HashPack. To date, Validation Cloud has successfully operated nodes for Hedera services comprising over 90% of the active usage and TVL on the Hedera network. To learn how to tap into Validation Cloud’s Hedera resources, check out our Hedera series here.
About Validation Cloud
Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at Validationcloud.io | LinkedIn | X
