Cosmos

Oct 30, 2023

How to Create a Osmosis Wallet using Leap Wallet?

How does Leap Wallet Work?

Leap Wallet is available as a browser extension and mobile app (iOS and Android) that allows you to manage your assets on Osmosis securely and efficiently and connect with all the dApps and projects on Osmosis. To get started, download the Osmosis Wallet for the browser.

Creating your first Osmosis Wallet

Step 1: Download and Install Leap Wallet

First, you'll need to download the Leap Wallet browser extension from the Chrome Web Store. This gives you immediate access to the Osmosis network.

Leap Wallet on Official Chrome Store

Step 2: Choose to Create a New Wallet

When you open the extension, you'll see three options:

  • Create a new wallet

  • Import an existing Cosmostation or Keplr wallet

  • Import using a seed phrase

For a fresh start, select "Create a new wallet."

Welcome to Leap

Step 3: Secure Your Seed Phrase

You'll be shown a seed phrase that serves as the master key to your wallet.

Note:Write this phrase down on paper.(DO IT!)

Secret Recovery Phrase

Step 4: Verify Your Seed Phrase

To ensure you've properly saved your seed phrase, you'll need to complete a verification step by entering the missing words from your phrase.

Note: We won’t be able to help you recover the wallet if you lost your seed phrase.

Confirm Secret Phrase

Step 5: Create a Strong Password

Set a password to encrypt your wallet. Choose something memorable but strong.

Choose a Password

Step 6: Access Your New Osmosis Wallet

Your wallet is now ready! Access it by clicking the Leap Wallet icon in your browser's toolbar. If you can't find it, look for the puzzle piece icon to see all extensions, then pin Leap Wallet for easy access.

Welcome to Leap Wallet

Step 7: Start Using Your Osmosis Wallet

You can now manage your assets and interact with the Osmosis Network, including staking OSMO tokens.

Welcome aboard! You now have the best experience navigating Osmosis securely.

Please note that the Leap wallet is a self-custodial wallet which means you are always in control of your funds and make sure you keep your seed phrase safe.

Importing an Existing Osmosis Wallet into Leap

Step 1: Select Import Option

Open Leap Wallet and click on "Import using a Seed Phrase."

Welcome to Leap

Step 2: Enter Your Seed Phrase

Type your existing wallet's seed phrase into the text box.

Import via Seed Phrase

Step 3: Select Wallets to Import

Click "Import Wallet" and choose which wallets you want to import. For the best experience on Osmosis, importing all wallets is recommended.

Select Wallets

Step 4: Create a Password

Set a strong password to secure your imported wallet.

Choose a Password

Step 5: Access Your Imported Wallet

Your imported wallet is now ready to use through the Leap Wallet interface.

Welcome to Leap Wallet

Introduction to Leap Wallet

Leap is an advanced 'super wallet' for the Cosmos ecosystem, with the goal of providing a top-notch user experience tailored for Cosmos users. Available as mobile apps for iOS and Android and as a browser extension, Leap allows you to explore Osmosis and over 50 other Cosmos ecosystem chains. Users can transfer and exchange assets between wallets, earn staking rewards, participate in governance, transfer assets over IBC, manage NFTs, and much more, all from within the wallet app.

Understanding Osmosis Network

Osmosis is an interchain liquidity lab that provides a decentralized exchange platform within the Cosmos ecosystem. It offers:

  • Decentralized token swapping

  • Liquidity provision opportunities

  • Staking rewards

  • Governance participation

  • Tools for building interchain-native applications

The platform aims to extend AMM (Automated Market Maker) functionality beyond basic token swaps, creating a comprehensive DeFi ecosystem.

Frequently Asked Questions

Is Leap Wallet safe for storing Osmosis tokens?

Yes, Leap Wallet is a self-custodial wallet, meaning you maintain complete control of your funds. Your private keys never leave your device, and the wallet uses industry-standard security practices.

Can I use Leap Wallet on my mobile device?

Absolutely! Leap Wallet is available as both a browser extension and mobile apps for iOS and Android, giving you flexibility in how you manage your Osmosis assets.

What happens if I lose my seed phrase?

If you lose your seed phrase, there's no way to recover your wallet or the funds inside it. That's why it's crucial to store your seed phrase securely offline in multiple locations.

Can I connect to Osmosis dApps with Leap Wallet?

Yes, Leap Wallet is designed to seamlessly connect with all dApps and projects on the Osmosis network, allowing you to participate in the full ecosystem.

Does Leap Wallet support other Cosmos chains besides Osmosis?

Yes, Leap Wallet supports over 50 Cosmos ecosystem chains, making it a versatile "super wallet" for all your Cosmos-based assets.

Important Resources for Your Osmosis Wallet

Stay connected with the Leap Wallet community:

Explore More Osmosis Guides

Deepen your knowledge with these related guides:

Creating an Osmosis wallet with Leap Wallet opens the door to a world of DeFi opportunities within the Cosmos ecosystem. With its user-friendly interface and robust security features, Leap Wallet makes managing your Osmosis wallet simple and secure.