Ronin Wallet: A Guide to Creating a Crypto Wallet on the Ronin Network

Bittime - Ronin has become one of the biggest names in the crypto world, especially in the blockchain gaming industry. Known as an Ethereum sidechain built by Sky Mavis, Ronin supports several famous crypto games such as Axie Infinity and Pixels. This article will discuss what Ronin is, how Ronin Wallet works, as well as the steps to create and use a crypto wallet on the Ronin network.

What is Ronin Network and RON Token?

The Ronin Network is a sidechain specifically designed for crypto gaming, offering faster transactions and lower fees compared to the Ethereum mainnet. Launched in February 2021, Ronin initially used a *proof of authority* (PoA) mechanism for transaction validation, but since April 2023 it has switched to *delegated proof-of-stake* (DPoS). This change allows for more decentralization by giving RON token holders voting rights to choose validators.

RON tokens are the native currency on the Ronin network, used to pay transaction fees and can be staked in the DPoS mechanism. The price of RON reached a record high of $4.45 in March 2024, thanks to enthusiasm for games running on the Ronin network.

What is Ronin Wallet?

Ronin Wallet is the official crypto wallet that supports the Ronin ecosystem. This wallet is available as a browser extension and mobile app for iOS and Android. With Ronin Wallet, users can store, manage and carry out transactions with RON tokens and other tokens on the Ronin network.

In early 2024, Ronin Wallet received a major update that added support for several blockchains, including Polygon and BNB Chain. This update also includes integration with Binance Pay, allowing users to purchase Ronin ecosystem tokens more easily.

Also read: Top 10 Crypto Faucets

How to Create a Crypto Wallet on the Ronin Network

Download and Install Ronin Wallet:

• Access the official Ronin website or download the Ronin Wallet app from Google Play Store (for Android) or Apple App Store (for iOS).

• Install the app on your device and open it to start the wallet creation process.

Create New Account:

• Select the option to create a new wallet in the Ronin Wallet app.

• Follow the instructions to create a secure recovery phrase and store this phrase in a safe place, as it is necessary to restore access to your wallet in the event of loss or damage.

Add and Manage Tokens:

• After creating a wallet, you can add RON tokens or other supported tokens in Ronin Wallet.

• Choose the option to receive or purchase tokens according to your needs and start managing your crypto assets.

Use Wallet Features:

• Take advantage of Ronin Wallet to make transactions, monitor balances, and manage your tokens on the Ronin network.

• Stay up to date with the latest updates and additional features to ensure you get the most out of your crypto wallet.

Conclusion

Ronin Wallet is an essential tool for users of the Ronin ecosystem, offering a safe and efficient way to manage crypto assets. With support for multiple blockchains and new features, Ronin Wallet allows users to interact with the Ronin network more flexibly. Understanding how to create and use a Ronin Wallet will help you take full advantage of the potential of the Ronin network and the tokens it contains.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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