Wallets
A Complete Guide to Wallets and Withdrawals
Last updated
Was this helpful?
A Complete Guide to Wallets and Withdrawals
Last updated
Was this helpful?
Was this helpful?
No. You can enjoy Arc8 without ever setting up a wallet. However, there are situations when you may decide you want to create a wallet:
You win token rewards in a Lucky Event and if you want to take out the tokens you won, then you will need a wallet.
You want to take part in GameFest. This event is a special web3 (blockchain) event, and entry to it requires a GameFest Pass, which is an NFT. Rewards in GameFest are cryptocurrencies and NFTs, so you will need a wallet to claim your rewards.
Firstly, welcome on board! This FAQ page on wallets will guide you step-by-step through the process of creating your first blockchain wallet and pairing it with Arc8!
This will then allow you to withdraw what you've won, or get GMEE that you can use to make purchases in the webshop or buy a GameFest Pass. If you are completely new, the process you will follow will look something like this: Create a personal wallet on MetaMask (Chrome/Firefox) -->Connect your wallet to the Polygon network --> Pair your wallet with Arc8 --> PLAY! Don't worry if that sounds confusing at the moment. Everything you need to do is listed below in this guide, and these three steps are covered in the Beginner's Guide section. But first, let's start with a look at the different kinds of wallets.
Here are the types of wallets you will see referenced in the Arc8 app, here on the GAMEE Wiki, and elsewhere.
Personal Wallet This is your personal digital wallet. You can store, trade and manage all your cryptocurrencies and NFTs here. There are many free blockchain wallets you can get, such as MetaMask and TrustWallet. When you create this wallet, you are given a personal key to access it that you should keep somewhere safe, and never reveal to anyone. You can safely connect your personal blockchain wallet to various other places and services as long as you never reveal this personal key to anybody. Think of it as the key to your safe. Blockchain operates on different networks (such as Polygon or Ethereum) and your personal wallet can handle all of it. You can easily bridge (ie. transfer) your cryptocurrency to another network in your wallet. For your reference, Arc8 uses two networks: the Polygon network, where Beast NFTs are kept, and Ethereum, where GMEE is kept. If you want to create your own personal Blockchain Wallet, we recommend MetaMask; the next part of this guide will help you specifically with connecting a MetaMask wallet. (There's more info on creating your own wallet later in this guide!)
Arc8 Pay A downside of crypto wallets is they don't always transfer funds immediately. That's why we have Arc8 Pay. Tokens in Arc8 Pay are effectively 'virtual' and are a representation of the tokens that are yours to claim. If you win partner tokens in Lucky Events, this is where your funds are stored. When you withdraw funds to your personal wallet, you receive actual tokens of that value.
-----------------------------------------
Now we understand wallets a little better, and why we need them, we're ready to set up our own wallet, pair it to Polygon and Arc8, and then play! Here are the three steps to take if you want to withdraw what you've earned in the app.
There are a variety of free personal blockchain wallets on offer, but if you want to follow this guide to set everything up then we suggest getting a MetaMask wallet. However, it's entirely up to you as you can connect and pair many kinds of wallets thanks to Arc8's use of WalletConnect software. But for the sake of simplicity, here's a guide on creating one kind of wallet.
Visit MetaMask.io on Chrome or Firefox and follow the steps there to create your wallet. You will be given a key at some point that you should write down somewhere private, ideally in more than one place, and ideally offline or at least encrypted. Don't lose it, and never share this key with anybody for any reason at all.
When you have set up your wallet, install the MetaMask extension for your browser. Now you're ready to connect with the Polygon network!
If you've successfully set up your personal wallet on MetaMask, then well done, you're almost finished. The final step before pairing your wallet to Arc8 Pay is to pair your wallet with the Polygon network. Don't worry – it's an easy process. Here's what you have to do:
If you don't already have the MetaMask extension for your browser (Firefox or Google Chrome), get that first on the MetaMask website.
In the MetaMask extension, click on the tab that says Main Ethereum Network.
Scroll down and click Add Network.
Enter the following details:
Network name: Polygon Mainnet
RPC URL: https://polygon-rpc.com
Chain ID: 137
Currency: MATIC
Explorer: https://polygonscan.com/
Click Save and you're done! Now you're ready to pair it with Arc8 Pay!
Note that transactions on the Polygon network require MATIC, which will be used as a "gas fee". You won't need a lot, and you can buy it on Binance and get discounts on trading fees.
Go to arc8.com and log in to your Arc8 account.
Where it says 'Connected wallet', click pair. Or, use the WalletConnect option and connect and pair your personal wallet. Note it is important to make sure you pair the wallet (not only connect) in order to receive partner tokens or NFTs earned in Lucky Events or GameFest, as otherwise we cannot see your wallet address to send them.
If you are not using WalletConnect, you will be asked to provide the address of your connected wallet. If you are using a browser extension (such as the Metamask extension on Firefox), a notification window will pop up asking you to digitally sign it to give permission to pair it. (Note that this may open in a small window in the background or another tab.)
When you have given permission, your wallet will be paired and you will be able to transfer funds from Arc8 Pay to your wallet!
You can buy GMEE on Ethereum using a number of exchanges.
For a comprehensive list, take a look here on where to buy GMEE for your personal wallet.
Navigate to the the wallet section of the Arc8 application, and click withdraw. This button has a small arrow icon. You will be asked to give your wallet address and can then withdraw it. However, there are three important things to remember:
Make sure you have connected and paired your personal wallet on Arc8.com.
Make sure that your personal wallet supports the Polygon network. Partner tokens that you may get in Arc8 are on the Polygon network (You may want to first follow the guide above on 'How do I pair my wallet with the Polygon network?') If you send tokens from Arc8 Pay to a wallet that does not support Polygon, it may be lost forever.
There is a 24-hour processing time. You can check the status of your withdrawal in the wallet section of the Arc8 app, where a timer displays how long is left of the 24-hour wait time.
As Arc8 is sometimes host to Token Takeovers and other partner events where you can win tokens in tournaments or Lucky Events, you may have a variety of tokens (REVV, QUICK, MATIC, etc.) in your Arc8 Pay wallet. To see your token balance:
Go to the wallet section of the Arc8 app.
Tap the number that indicates your Arc8 Pay balance.
You will now have the option to see what token balances you have in the Arc8 Pay wallet and to then withdraw them to your paired wallet.