Getting Started: NYM Wallet

What is NYM Wallet?

The NYM Wallet is the primary interface for managing NYM tokens and interacting with the Nym ecosystem. It allows users to stake, delegate, and manage rewards while providing seamless access to privacy-preserving tools within the Nym network.

The NYM Wallet is essential for anyone looking to fully participate in the Nym ecosystem, offering robust tools for both token management and staking in a privacy-first environment.

Key Features:

Token Management:

• Securely store, send, and receive NYM tokens.

• Track your token balance and transaction history.

Staking and Delegation:

• Stake NYM directly to mix nodes or delegate to earn rewards.

• Monitor staking performance and adjust delegations as needed.

Privacy and Security:

• Leverages Nym’s privacy infrastructure to secure transactions.

• Non-custodial, ensuring you retain control of your private keys.

Integration with Nym Ecosystem:

• Access tools and services like NymVPN and mixnets directly from the wallet.

• Seamless connection to staking and governance features.

Non-Custodial Wallet Safety

Non-custodial wallets offer full control over your crypto but require diligent security practices to ensure your funds stay safe.

It is of paramount importance to safeguard your seed phrase, use strong passwords, avoid online storage of seed phrases or private keys, and to consider utilizing a hardware wallet for large holdings.

To learn more, please see Crypto Security Best Practices and What is a Seed Phrase?

How to Set Up the NYM Wallet

First, navigate to the official NYM website and download the respective wallet for your operating system. The NYM wallet does not offer a browser based wallet option, it is a software wallet that is installed locally on your machine.

Nym | The Next Generation of Privacy InfrastructureNym

Proceed to install the wallet software on your device and launch it.

Once the wallet has been installed and opened you will be prompted to create a new wallet.

If you have an existing NYM wallet, select 'Sign in' — Otherwise click on 'Create account'.

You will be shown your 24-word seed phrase for your wallet. Please write this down securely and save it somewhere safe.

On the next screen you will be prompted to enter some of the seed words to ensure it was recorded correctly.

• You will be shown a group of words below. For example, using the screenshot below, first click the word shown that corresponds with your 12th seed word and continue on in that fashion.

Next you will be prompted to set a password for your wallet.

Proceed to the next screen and you will be prompted to sign in with the password you just created.

And that's it! You're all set! Your NYM wallet is set up and ready to go!

You can use the Send, Receive, and Delegate tabs on the left hand corner to manage your NYM and stake your NYM and NYX.

Questions?

Feel free to reach out to our Support Team if you would like any clarification.