Wallet Configuration

Configuring your cryptocurrency wallet addresses is essential for receiving payments. This guide will help you set up your wallets securely.

Understanding Non-Custodial Payments

As a non-custodial platform, Cryptrac ensures that:

• Payments go directly from customers to your wallet addresses
• You maintain complete control of your funds
• Cryptrac never holds or has access to your cryptocurrency

This means you need to provide wallet addresses for each cryptocurrency you want to accept.

Supported Cryptocurrencies

Cryptrac supports 135 unique cryptocurrencies, giving you flexibility in which payment methods you accept. Popular options include:

• Bitcoin (BTC) - The original cryptocurrency
• Ethereum (ETH) - Smart contract platform
• Solana (SOL) - High-performance blockchain
• TRON (TRX) - Decentralized application platform
• BNB - Binance ecosystem token
• Stablecoins - USDT, USDC, BUSD, and more

Setting Up Your Wallets

Step 1: Choose Your Cryptocurrencies

Decide which cryptocurrencies you want to accept based on:

• Your customer demographics
• Transaction fees and confirmation times
• Your business needs and preferences

Step 2: Obtain Wallet Addresses

For each cryptocurrency you want to accept, you'll need:

1. A wallet that supports that cryptocurrency
2. The public wallet address (where payments will be sent)

Important: Use a reputable wallet application. See our Security Best Practices guide for wallet recommendations.

Step 3: Add Addresses to Your Account

In your Cryptrac merchant dashboard:

1. Navigate to Wallet Configuration
2. Select the cryptocurrency you want to add
3. Paste your wallet address
4. Double-check the address - cryptocurrency transactions are irreversible

Step 4: Verify Your Configuration

After adding your wallet addresses:

• Review each address carefully for accuracy
• Consider sending a small test transaction to verify
• Keep a record of which wallet addresses you've configured

Critical Security Warning

⚠️ Warning: Cryptocurrency transactions are irreversible. Always double-check your wallet addresses before saving them. An incorrect address could result in permanent loss of funds.

Best Practices

Use Dedicated Business Wallets

• Keep business and personal cryptocurrency separate
• Use dedicated wallets for your Cryptrac payments
• Maintain clear accounting records

Regular Verification

• Periodically verify your wallet addresses are correct
• Update addresses if you change wallet providers
• Monitor your wallets for incoming payments

Backup Your Wallets

• Securely store your wallet recovery phrases
• Keep backups offline and in multiple secure locations
• Never share your private keys or recovery phrases

Multi-Currency Support

You can configure as many cryptocurrencies as you want to accept. Consider:

• Starting with popular cryptocurrencies (BTC, ETH, stablecoins)
• Adding more based on customer demand
• Offering stablecoins for customers who prefer price stability

Updating Wallet Addresses

If you need to change a wallet address:

1. Access your merchant dashboard
2. Navigate to Wallet Configuration
3. Select the cryptocurrency to update
4. Enter and verify the new address
5. Save changes

Note: Update your wallet addresses before the old wallet becomes inaccessible to avoid missing payments.

Next Steps

Once your wallet addresses are configured, you're ready to:

• Create payment links
• Accept cryptocurrency payments
• Track transactions in your dashboard
• Monitor incoming payments to your wallets