How to import ICP coins into a wallet? Which ICP coin wallet is the best?

Polkadot.js, a multi-chain wallet, enables users to import their ICP wallets securely using a mnemonic phrase and derivation path, providing access to advanced features like staking and governance.

Sep 30, 2024 at 01:30 pm

How to Import ICP Coins into a Wallet

1. Choose a Wallet

Polkadot.js: Official multi-chain wallet supporting ICP.
Infinity Wallet: Dedicated ICP wallet with staking and governance features.
Ledger Nano X: Hardware wallet that stores your ICP offline.
Exodus: Cryptocurrency exchange with built-in ICP wallet.

2. Import Wallets

Polkadot.js:

Install the extension from the Chrome Web Store.
Create a new wallet or import an existing one using a mnemonic phrase.
Navigate to "Accounts" and click "Import Stash Account."
Enter your ICP account ID and corresponding derivation path (usually "ED25519" and "sr25519").

Infinity Wallet:

Download the wallet application from the official website.
Create a new wallet or import an existing one using a mnemonic phrase.
Click on the "Receive" tab and select "Recovery Phrase."
Enter your ICP recovery phrase and it will automatically import your wallet.

Ledger Nano X:

Connect the device to your computer and install the Ledger Live app.
Follow the instructions on the app to create a new account or import an existing one.
Enable the "Blockchain Accounts" app and add ICP as an asset.

Exodus:

Install the Exodus application on your computer or mobile device.
Create a new wallet or import an existing one using a mnemonic phrase.
Navigate to the "Receive" tab and select "Internet Computer (ICP)."
Deposit ICP to the generated address.

3. Transfer ICP to the Wallet

Once your wallet is imported, you can transfer ICP coins from an exchange or another wallet.

Obtain the wallet address for your ICP wallet.
Go to the exchange or other wallet where you hold ICP.
Initiate a withdrawal transaction and enter the ICP wallet address as the destination.

Best ICP Coin Wallet Comparison

Feature	Polkadot.js	Infinity Wallet	Ledger Nano X	Exodus
Staking	Yes	Yes	No	No
Governance	Yes	Yes	No	No
Recovery Phrase	Mnemonic	Mnemonic	Backup Sheet	Mnemonic
Offline Storage	No	Yes (hardware)	Yes	No
Multi-Currency	Yes	No	No	Yes
User Friendliness	Intermediate	Beginner	Advanced	Beginner

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