Download the Samsung Blockchain Wallet app on your PC. Samsung Blockchain Wallet enables you to securely sign and authorize cryptocurrency transactions using your cryptocurrency private key, which is saved in a secure area built in to your device.
What is the Samsung Blockchain Wallet PC app?
Samsung smartphone users have been able to store various cryptocurrencies since the time the company launched the Galaxy S10 smartphone back in 2019. Now, the company has rolled out an update on its Galaxy smartphones that enables users to manage their digital currencies better.
Samsung has announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on Galaxy smartphones
Samsung Blockchain Wallet for PC will now be able to manage and trade cryptocurrencies from third-party hardware wallets through an update on compatible Galaxy smartphones. Galaxy smartphone users will also be able to keep up with the latest trends in the cryptocurrency system with a dedicated newsfeed app from leading news outlets. The Blockchain Wallet already supports Bitcoin, Ethereum, and other cryptocurrencies.
Since Samsung launched the Galaxy S10, it supports Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens, as previously mentioned. It also allows Galaxy users to explore Decentralised Apps or DApps that use blockchain technology to authenticate the exchange of digital assets, aka cryptocurrency.
What does it offer?
Samsung Blockchain Wallet for Windows appears to work exactly as one would expect. It allows users to easily add accounts connected to specific cryptocurrencies and neatly organizes them into one screen. That screen includes important data at a glance, like market trends, weekly values, and account balances, as well as an overall estimated balance across all currencies.
The app lets people send and receive cryptocurrencies directly. It also supports a wide variety of currencies, including Bitcoin and Ethereum. It uses TEE security and Samsung’s proprietary Knox security system, which is the same technology protecting Samsung’s military-grade Galaxy S20 model. It also grants access to decentralized apps.
The Samsung Blockchain Wallet for PC app is a Samsung-specific app, which means it’s only available from the Galaxy Store, and it can only be used on Samsung devices. The app itself is free to download but there are fees for cryptoasset transfers in some cases, although those fees can usually be paid with the currency being transferred.
How to use the Samsung Blockchain Wallet
What is a private key?
To complete a blockchain transaction, you need both a public key and a private key. Your public key is used to create your account address and can be safely shared with others. Your private key is used to sign transactions and must be kept secret. Anyone with access to your private keys can sign transactions and spend your cryptocurrency without your permission. Samsung Blockchain Keystore uses a secure area of your phone to keep your private keys safe.
Creating a new wallet
When you use Samsung Blockchain Keystore for the first time, a private key is created and stored in your phone’s secure area. a 12-word recovery phrase is also created. This recovery phrase is the only way you can recover your wallet on another device if your phone is lost or stolen. Make sure you keep your recovery phrase in a safe place and don’t share it with anyone.
Importing an existing wallet
If you already have a cryptocurrency wallet from another device or software, you can recover the wallet on this phone by entering the recovery phrase you received when you created the wallet for the first time.
Checking your recovery phrase
To check your recovery phrase after you’ve created your wallet, go to Settings > Recovery phrase. To see the phrase you’ll need to verify your identity using your PIN or biometrics.
Reset Samsung Blockchain Keystore
You can reset Samsung Blockchain Wallet Keystore and remove your private key from this phone by going to Settings > Reset Blockchain Keystore. You’ll need your recovery phrase to recover your wallet later on another device or software, so make sure you have your recovery phrase in a safe place before you reset.
What currencies are traded on Samsung Blockchain Wallet
With the Samsung Blockchain Wallet for PC, users could already manage various cryptocurrencies such as Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens. The update now allows users to connect to select cold hardware wallets including the Ledger Nano S and Ledger Nano X. There is also support for various decentralized apps (DApp) that use blockchain technology to authenticate the exchange of digital assets.
Private keys for cryptocurrency and DApps are stored using Samsung’s Blockchain Keystore, which is a secure area separate from the main operating system. This area is further protected by a secure processor and can only be accessed using the owner’s PIN or fingerprint.
|Name||Samsung Blockchain Wallet|
|Developer||Samsung Electronics Co. Ltd.|
How to Install the Samsung Blockchain Wallet app on Windows and Mac
- You will need to install the BlueStacks emulator on your PC.
- Complete the installation of the emulator by following the on-screen instructions.
- Now you will need to download the apk file of the Samsung Wallet from a trusted source on the internet.
- Open the emulator, on the home screen you will see an option to install an apk file, select the option and then open the apk file that you will need to install.
- Or you can just drag and drop the apk file on the home screen of the emulator to start the installation.
If you are a samsung user the you can use the app on your smartphone as well.
What is Samsung Blockchain Wallet for PC app?
Samsung Electronics announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. In addition to the Samsung Blockchain Keystore, Galaxy smartphones can now connect to hardware wallets including the Ledger Nano S and Ledger Nano X
Does Samsung accept Bitcoin?
It has been reported that very soon, Google Pay and Samsung Pay will accept payments made with Bitcoins and other cryptocurrencies. Supported cryptocurrencies on the service include Bitcoin, Bitcoin Cash, BUSD, Ether, PAX, USDC, and GUSD.