We are thrilled to announce that we are now supporting the Solana network on our Krystal mobile app (iOS and Android).
The future is ‘multi-chain’, and we aim to bring you the most popular crypto networks all within the convenience of one app.
Krystal has previously supported Solana on our Launchpad, KrystalGO. The integration of the Solana network on Krystal Wallet marks our further expansion into this ecosystem.
What is Solana?
Solana is a decentralised blockchain that is designed to support scalable and user-friendly applications on its network.
Solana uses a hybrid consensus mechanism, consisting of both proof-of-stake and proof-of-history, which has resulted in fast and cheap transactions on its network.
In contrast to our previous 8 supported networks, the Solana network is not EVM-compatible.
This means that you will have a separate deposit address that does not start with ‘0x’.
Can I access Solana via Krystal Web?
Currently, only our mobile app (iOS | Android) supports the Solana network. Support for desktop will be released soon.
What is Krystal Wallet?
Krystal Wallet is a multi-chain wallet that allows you to store assets on 9 different networks (Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Aurora and Solana).
You can download and create a Krystal Wallet here (iOS and Android).
P.S. you are able to store and view NFTs that you have on any of these networks too!
How do I create a multi-chain wallet on Krystal?
When you create a new wallet on the Krystal app,
you will automatically be creating a multi-chain wallet, which you can use to access all 9 of our supported networks (including Solana).
What if I already have an existing Krystal Wallet?
If you have previously created a wallet on the Krystal app, Solana network support will automatically be added.
This is because your Krystal wallet is now a Multi-Chain wallet by default.
You will need to update the Krystal app to the latest version to be able to enjoy the Solana network in your wallet.
Can I import my existing wallet to Krystal?
There are 2 main methods of importing a wallet on Krystal:
- Importing a Multi-Chain wallet
- Importing a network-specific wallet
#1 Importing a Multi-Chain wallet
A Multi-Chain wallet allows you to access different blockchain networks with just one wallet, without having the need to create a new wallet for each network.
An example of a Multi-Chain wallet is Trust Wallet.
The only way to import a Multi-Chain wallet is via a seed phrase.
This is a series of 12 random words that were used to create your wallet, and you can find out more about seed phrases here.
Even if you have a wallet on Metamask or Phantom, you are still able to create a Multi-Chain wallet via a seed phrase.
A Solana wallet address will be created for your Metamask wallet, while an EVM-compatible wallet address will be created for your Phantom wallet.
#2 Importing a network-specific wallet
If you wish to import your wallet via JSON or a private key, you can import a network-specific wallet instead.
Importing an EVM-compatible wallet gives you 3 options:
- JSON
- Private Key
- Seed Phrase
If you import via a seed phrase, you will be creating a Multi-Chain wallet. However, if you import via the other 2 methods, you will only be importing an EVM-compatible wallet without the Solana wallet.
Importing a Solana wallet gives you 2 options:
- Private Key
- Seed Phrase
If you import via a seed phrase, you will be creating a Multi-Chain wallet. However, if you import via a private key, you will only be importing a Solana wallet without the EVM-compatible networks.
What is the difference between a Multi-Chain wallet and a Network-Specific wallet?
A Multi-Chain wallet allows you to connect to different blockchain networks, regardless if they are EVM-compatible or not.
Some examples of EVM-compatible networks include Ethereum and BNB Smart Chain.
Meanwhile, some non-EVM-compatible networks include Solana and Polkadot.
We strongly recommend you to create a Multi-Chain wallet to have the convenience of all blockchain networks with just one wallet!
If you are importing a network-specific wallet, you will only be limited to that particular network.
For example, importing a network-specific EVM-compatible wallet will mean that you do not have access to the Solana network.
Meanwhile, importing a network-specific Solana wallet will mean that you do not have access to the other EVM-compatible wallets.
Krystal will segregate your Multi-Chain wallets from network-specific wallets.
How do I find my Solana wallet deposit address?
Step 1: Switch your wallet’s network to Solana.
Step 2: Select ‘Receive’.
This will show you the Solana deposit address that you can use to send your funds to.
If you are sending your funds to an EVM-compatible wallet, you will need to switch it back to an EVM-compatible network (such as Avalanche).
The deposit address should start with ‘0x’.
Conclusion
We hope you enjoy using the Solana network on your Krystal wallet! Stay tuned, as we will soon bring other DeFi services (swap, earn etc.) onto Krystal’s Solana ecosystem.
P.S. we would appreciate it if you could help to upvote us here on the Solana website! 😉
Navigate the DeFi Space now with Krystal!
Start your journey NOW on Desktop, iOS or Android
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