Station Wallet — a quick guide for your Multichain experience
We like to dearly welcome all Cosmonauts to our guide on the Station Wallet, your Web3 interface and interchain wallet enabling you to interact with multiple Cosmos blockchains! The Station Wallet lets you send, receive and stake your tokens to receive rewards. It is your ticket to democratic onchain governance voting and dApp access across the supported Cosmos chains. (If you’ve been a LUNAtic, you already know the Terra Station Wallet. Open it to upgrade it to the last version, now known as Station Wallet.)
There are different options to enable your Station Wallet, namely on your Mac, on Windows, Linux or directly in your browser via Chrome extension, Firefox add-on or directly in the Station web app:
- Station for Mac
- Station for Mac M1
- Station for Windows
- Station for Linux (.rpm)
- Station for Linux (.deb)
- Station Chrome extension
- Station Firefox add-on
- Station web app
In this guide we’re going to cover the desktop version on Windows. First, you’ll need to download the install file and run the setup from the link above. Be sure to only install the Station Wallet and extensions from legitimate sources!
After installing the wallet, you’re welcomed to the Station. Read through the different options of connecting the Station Wallet via software- or hardware wallet. Hit confirm and find the main window. In the top right, you’ll find a ‘Connect’ button. When you press it, you’ll find several connection options.
If you already had a Terra wallet, the Station Wallet might find and show the wallet address like presented below. If you need to recover your wallet, follow this link!
If you’d like to create a new wallet, hit the ‘New Wallet’ button. You’re asked for a wallet name and need to choose a safe password. You’re given a mnemonic seed containing 24 words. Write down those 24 words in the specific order and be very protective about them — NEVER share your mnemonic with anyone! If it’s lost, your funds are locked, can’t be retrieved or might get stolen by malicious actors, it’s all in your hands! If you’ve written down your mnemonic, tick the box and hit the ‘Submit’ button!
You’re then asked to confirm two words of your mnemonic to confirm you’ve written it down.
After confirming, you’ve successfully generated your new Station Wallet address! Hit ‘Connect’ and you’re ready to go.
Now it’s time to familiarize with the Stations dashboard. Depending on your screen resolution and window size, you’ll find all the Station Wallets features left hand side or hidden behind a button showing three bars on the very top right corner. The main options are Swap, History, Stake, Governance and Contract.
When you open the app for the first time, you’re most likely connected to the ‘Classic’ network. If you’re connected to the ‘Classic’ network or the ‘Testnet’, it’s shown with an orange sign like below.
If you’d like to change the network, click the ‘Planet’ symbol on the top right and choose mainnet. The ‘Classic’ network only supports Crescent and Luna Classic — on the ‘Mainnet’ you can stake and vote on Akash, Chihuhahua, Crescent, Juno, Kujira and Terra 2.0 at the time of writing — more Cosmos chains to come!
To fund your wallet with Cosmos assets, click the ‘Wallet’ button on the top right!
Click ‘Receive’, choose the currency you’d like to receive and copy your address! Proceed to send funds from your preferred source like the Osmosis DEX to your Station Wallet. Always double check your address when withdrawing from an exchange or pasting it elsewhere!
If you’ve got funds in your wallet already and would like to stake them, hit the ‘Stake’ button to find the staking dashboard. You’ve got the options to either ‘Quick Stake’ with random validators or ‘Manual Stake’ to stake with the validators of personal choice. You can see the list of supported coins on the staking dashboard.
Quick staking promotes decentralisation by automatically delegating your coins to validators with lower voting power within the active set. Other criteria are following:
If you prefer to choose your validators, click the ‘Manual Stake’ tab. You can then pick it from the list or search for your preferred validator.
Hit the name to see the validators details and scroll down to find the ‘My Delegations’ tab. Then press ‘Delegate’!
Type your preferred amount to delegate in the ‘Amount’ field! Always keep some tokens unstaked for gas of future transactions like claiming rewards, re-delegating or voting on governance proposals! Type your password and hit ‘Submit’!
Wait for the transaction to be processed! Congratulations, you’ve now successfully staked your coins via Station Wallet! If you’d like to undelegate, just follow the same process but hit the ‘Undelegate’ tab instead. Think about the chain specific unbonding period — your coins won’t be back in your wallet instantly!
You can now see your staked assets in the ‘Stake’ dashboard! Come back here to withdraw all your staking rewards or enable the automatical recompounding of your rewards via REStake.app!
After accumulating for some time, withdraw your staking rewards manually by clicking the ‘Withdraw all rewards’ on the very top right of the ‘Stake’ dashboard!
Choose the right network and type in your password. Click ‘Submit’ and enjoy the staking rewards in your wallet.
Staking your assets on chain gives you voting power proportional to the amount of assets you stake! To vote on active onchain governance proposals, visit the ‘Governance’ tab. It always makes sense to participate in democratic processes and state your opinion — some votes on the Cosmos governance already made stakers eligible for special airdrops!
You’re directly shown all active governance proposals of Station Wallets supported chains! It’s only possible to vote on proposals of chains, which assets you hold and actively stake!
Click the governance proposal you’d like to vote on and make your decision according to the proposal text. Alternatively visit the Commonwealth forum or discord channel of the chain in question — there usually will be a discussion around the proposal containing all benefits or drawbacks of the outcome. Then scroll down to the ‘Votes’ tab and hit ‘Yes’, ‘Abstain’, ‘No’ or ‘No with veto’. ‘Yes’ means yes, ‘Abstain’ is an option for conflicts of interest, ‘No’ means no and ‘No with veto’ means, the funds paid for raising the proposal by the proposer are burned (only an option for spam proposals, proposals that put the economical security or future of the chain in jeopardy).
Confirm the transaction, you’ll get a notification and have successfully voted on the governance proposal! Find out how it turned out after the end date by clicking the passed or rejected tabs on top!
Soon the ‘Swap’ option will be enabled for more Cosmos currencies — you’ll be able to exchange your tokens in the app. At the moment you can only swap Luna to some stablecoins like axlUSDT or axlUSDC. We’re looking forward to the further implementation of the Cosmos ecosystems tokens in the near future!
Awesome, you’ve made it! We hope you enjoyed our Station Wallet Guide. You like what we provide and want to support us? Choose us as one of validators at https://ccvalidators.com/! We’re very thankful for your delegations! You can also find us on Keplr to stake every chain we are validating with the tag ✅ CryptoCrew Validators.
CryptoCrew Validators Twitter: twitter.com/crypto_crew
CryptoCrew Validators Telegram: t.me/cryptocrew_validators
CryptoCrew Validators Reddit: www.reddit.com/r/cryptocrewvalidators/ _________________________________________________________________ Disclaimer: This article is a tutorial for experienced users of blockchain technology and was written for educational purposes only! It should not be considered as advice to trade or purchase cryptocurrency of any kind! Always do your own research! Platforms and tools mentioned in this tutorial are dedicated to users with advanced knowledge regarding blockchain technology and cryptocurrencies! The responsibility to securely store your keys and protect your crypto wallet lies solely with yourself — nobody can help you recover them in case of mis-management. CryptoCrew Validators and its partners will NEVER reach out and ask for your private keys — please be very careful and educate yourself in regards of your financial safety! Please store your keys offline and don’t fall for scammers!
