Scopuly

<blockquote><em>The rise of decentralized finance (DeFi) has brought a surge in interest in Stellar, a fast and affordable blockchain network. To participate in DeFi activities on Stellar, users need a dedicated Stellar wallet. This guide explores how to create a Stellar wallet using Scopuly, a user-friendly platform that prioritizes security and control.</em></blockquote><h2 id="header-0">Why Scopuly?</h2><h2 id="header-1">Scopuly offers several advantages for creating your Stellar wallet:</h2><ul><li><strong>Non-custodial:</strong> You retain complete ownership of your private keys, fostering self-custody and control over your assets.</li><li><strong>User-friendly interface:</strong> Scopuly boasts a clear and intuitive interface, making it accessible to users of all experience levels.</li><li><strong>Integrated features:</strong> Scopuly integrates various DeFi features, allowing you to manage your Stellar assets through staking, lending, borrowing, and swapping within the platform.</li><li><strong>Security measures:</strong> Scopuly implements industry-standard security practices, including two-factor authentication and cold storage for user funds.</li></ul><h2 id="header-2">Step-by-Step Guide to Creating a Stellar Wallet on Scopuly:</h2><p>This guide outlines the process of creating a Stellar wallet on Scopuly, a user-friendly platform designed for secure and accessible participation in the Stellar ecosystem.</p><p><strong>Important Note:</strong> Before registering a wallet or engaging in any DeFi activities, thoroughly research and understand the inherent risks involved. This guide serves as an informational resource and does not constitute financial advice.</p><h2 id="header-3">1. Accessing Scopuly:</h2><ul><li>Visit the Scopuly website: <a href="https://scopuly.com/" rel="noopener noreferrer nofollow">https://scopuly.com/</a></li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a3e48ae6cb9345e7a759e9bcb5e4b91c.JPG" /><p>Click on the “Create Wallet” button.</p><h2 id="header-4">2. Setting Up Your Wallet:</h2><ul><li><strong>Read the warning message carefully.</strong> It emphasizes the responsibility of users for securing their private keys and assets. Click “Create Wallet” only after understanding the terms.</li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/27e61445a10540ecaaf8d807286ba728.JPG" /><p><strong>Create a strong password and enter an optional wallet name.</strong> Choose a unique and complex password for enhanced security.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d23fdb629c704ec598b2c9ffa7bb67f2.JPG" /><p><strong>Memorize and securely store your 24-word recovery phrase.</strong> This phrase is essential for recovering your wallet if you lose your device or password. <strong>Never share this phrase with anyone, including Scopuly support.</strong></p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/35e160ce4888491d97d2038fc9ee5b86.JPG" /><ul><li>Write down the recovery phrase on a physical piece of paper and store it in a safe location.</li><li>You can also download the phrase as a text file. However, ensure this file is securely stored and encrypted if necessary.</li></ul><h2 id="header-5">3. Verifying Your Recovery Phrase:</h2><ul><li>In the “Let’s check your Recovery Phrase” window, enter the 24 words separated by spaces exactly as you wrote them down or copied.</li><li>Click “Check Phrase” to verify you have correctly stored your recovery phrase.</li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7c798f7ccd9c42ea975b7ad2eb3b9ff7.JPG" /><h2 id="header-6">4. Accepting the Disclaimer:</h2><ul><li>Carefully review the disclaimer. It clarifies that Scopuly is not responsible for lost funds due to user negligence.</li><li>Click “I accept the terms” only if you understand and agree to the terms outlined in the disclaimer.</li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bffcc698b8a144c2a1e62cae8c16758c.JPG" /><h2 id="header-7">5. Accessing Your Wallet:</h2><ul><li>Upon successful verification and acceptance of the disclaimer, you will see your newly created wallet.</li><li>You will be provided with:</li><li><strong>Public Key (Wallet Address):</strong> This is the address you share to receive Stellar Lumens (XLM) and other assets.</li><li><strong>Secret Key:</strong> This key allows you to recover your wallet if you lose your 24-word recovery phrase. <strong>Treat this key with utmost security and never share it with anyone.</strong></li><li><strong>Federation Name (Optional):</strong> This is a user-friendly alternative to your public key, making it easier to read and share.</li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/87226e0b201b4eed9e912963cd838497.JPG" /><h2 id="header-8">6. Securing Your Wallet:</h2><ul><li><strong>Before using your wallet for any transactions, ensure all recovery data is securely stored and backed up.</strong></li><li>Remember, losing your recovery phrase or private key will result in permanent loss of access to your wallet and its assets.</li></ul><h2 id="header-9">7. Accessing Your Wallet Interface:</h2><ul><li>Click “Go to wallet” to access your newly created Stellar wallet on Scopuly and begin exploring the platform’s features.</li></ul><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/30f2b974cfe54434b9387f10df26a988.JPG" /><p><strong>Congratulations! You have now created a Stellar wallet on Scopuly.</strong></p><h2 id="header-10">Additional Tips:</h2><ul><li><strong>Never share your recovery phrase with anyone, including Scopuly support.</strong></li><li><strong>Consider using a password manager to securely store your password.</strong></li><li><strong>Enable two-factor authentication for added security.</strong></li><li><strong>Familiarize yourself with the risks associated with DeFi activities and invest responsibly.</strong></li></ul><h2 id="header-11">Understanding Your Stellar Wallet:</h2><p>Your Scopuly wallet displays your public key (wallet address) and allows you to:</p><ul><li><strong>Deposit Stellar Lumens (XLM):</strong> You can receive XLM from other wallets or exchanges by sharing your public key.</li><li><strong>Send XLM:</strong> Use your wallet to send XLM to other users or platforms.</li><li><strong>Access DeFi features:</strong> Utilize Scopuly’s integrated features such as staking, lending, borrowing, and swapping, depending on available options.</li></ul><h2 id="header-12">Remember:</h2><p>This guide provides an objective overview of creating a Stellar wallet on Scopuly. It’s essential to conduct your own research and understand the risks involved before engaging in any DeFi activities.</p><h2 id="header-13">Conclusion:</h2><p>Scopuly offers a convenient and secure way to enter the world of Stellar and participate in the growing DeFi ecosystem. By following these steps and prioritizing security, you can create a Stellar wallet on Scopuly and begin exploring the potential of decentralized finance.</p><h2 id="header-14">Subscribe and stay up to date with the latest news:</h2><p>&#x1f539; Website: <a href="https://scopuly.com/" rel="noopener noreferrer nofollow">scopuly.com</a><br />&#x1f539; Telegram: <a href="https://t.me/scopuly" rel="noopener noreferrer nofollow">t.me/scopuly</a><br />&#x1f539; Twitter: <a href="https://medium.com/&#64;oganzenko06/twitter.com/scopuly" rel="noopener noreferrer nofollow">twitter.com/scopuly</a><br />&#x1f539; Medium: <a href="https://scopuly.medium.com/" rel="noopener noreferrer nofollow">https://scopuly.medium.com</a><br />&#x1f539; YouTube: <a href="https://medium.com/&#64;oganzenko06/youtube.com/scopuly" rel="noopener noreferrer nofollow">youtube.com/scopuly</a><br />&#x1f539; CMC: <a href="https://medium.com/&#64;oganzenko06/coinmarketcap.com/community/profile/scopuly" rel="noopener noreferrer nofollow">coinmarketcap.com/community/profile/scopuly</a></p>

Creating a Stellar Wallet with Scopuly: An Objective Guide

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