A wallet is how you hold digital assets like cryptocurrency, tokens, and other on-chain investments — and how you connect to Mangrove. Setting one up takes about five minutes. We’ll walk you through it.
Here’s the simplest way to think about it: a traditional bank holds your money for you. A digital asset wallet cuts out the middleman. You hold your own assets — whether that’s cryptocurrency, stablecoins, or tokenized investments. No one can freeze them, lock you out, or move them without your permission.
That’s exactly how Mangrove works. When you connect your wallet, your assets stay yours. We can see your public address — think of it like an email address — but we never touch your funds, hold your keys, or have any ability to move your money. You can disconnect anytime.
Your wallet gives you two things. A public address, which is what you share so platforms like Mangrove can interact with your account. And a private key (plus a recovery phrase), which is what proves the wallet is yours. Whoever has the private key controls the wallet — so you never share it. With anyone. For any reason.
If you’re just getting started, you want a software wallet — a free app you install on your phone or as a browser extension. It takes minutes to set up and works with Mangrove immediately. These wallets support cryptocurrency and other digital assets across multiple networks.
A few solid options:
MetaMask — The most widely used wallet in the space. Browser extension and mobile app. Works with Ethereum, Base, and a long list of other networks. If you’re not sure what to pick, start here. → metamask.io
Phantom — Originally built for Solana, now supports Ethereum and more. Clean design, easy to use, great mobile experience. → phantom.app
Coinbase Wallet — This is not the same as a Coinbase exchange account. It’s a separate self-custody app. If you already use Coinbase and want something familiar, this is a comfortable on-ramp. → coinbase.com/wallet
Trust Wallet — Mobile-first, supports a wide range of networks and digital asset types. Good if you want one wallet that covers a lot of ground. → trustwallet.com
You might also hear about hardware wallets — physical devices like Ledger or Trezor that store your keys offline. They’re the gold standard for security on larger holdings, but they’re not necessary to get started. You can always add one later as you get more comfortable.
The steps are nearly identical across wallets:
Pick one. MetaMask or Coinbase Wallet are the easiest starting points if you’re brand new.
Download it from the official source. Go directly to the wallet provider’s website — not through a random link in an email or a search ad. Phishing sites that impersonate wallet providers are one of the most common scams in the digital asset space. Bookmark the real site once you find it.
Create your wallet. The app will walk you through it. You’ll set a password for the app itself — standard stuff.
Write down your recovery phrase. This is the step that actually matters. Your wallet will generate a 12- or 24-word phrase. This is the only way to recover your wallet if you lose your device or forget your password. Write it down on paper. Store it somewhere safe and offline — ideally in two separate locations. Do not screenshot it. Do not save it in your notes app. Do not paste it into a Google Doc. And if anyone — any platform, any “support agent,” anyone — asks you for your recovery phrase, it is a scam. Full stop. Mangrove will never ask for it.
That’s it. Your wallet is live. You’ve got a public address and you’re ready to connect.
Head back to the Mangrove sign-up page. Click Connect Wallet. Your wallet app will pop up and ask you to approve the connection. Approve it, and you’re in.
Remember: connecting your wallet lets Mangrove see your public address and holdings so the platform can work. It does not give Mangrove access to your private keys, your recovery phrase, or the ability to move your funds. You’re in control. Always.
This bears repeating: never share your recovery phrase or private key. Not with Mangrove. Not with anyone claiming to be customer support. Not with a friend. Not with a form that looks official. If someone asks for it, it’s a scam.
Start small. You don’t need to transfer your life savings into a wallet on day one. Move a small amount, get comfortable with how it works, and build from there.
And back up that recovery phrase. If your only copy is gone — lost, damaged, destroyed — your wallet and everything in it is gone too. There is no “forgot my password” button in self-custody. That’s the trade-off for full control, and it’s worth getting right from the start.
Mangrove provides trading tools and infrastructure — not financial advice. Digital asset trading involves significant risk, including potential loss of principal. Users should consult a qualified financial advisor before making investment decisions.