Timeless X
  • 💫Meet Timeless X
  • ⏬Download Timeless X
  • ⏩Follow on X
  • ⏩Join Timeless Frens
  • 🌟Manage Your Wallet
    • Create a new wallet
    • Import a wallet
    • Backup your wallet
    • Fund your wallet
    • Purchase funds (Onramp)
    • Manage networks
    • Add a custom token
  • 💌Send and Receive
    • Claim a free web3 username
    • Send crypto to another wallet
    • Send assets via link
  • 🔐Security
    • Enable & disable passcode
    • Delete all the data
  • 🔘Other
    • Connect to dApps
    • Connecting to a dApp with WalletConnect URL
    • Migrating from Timeless Wallet to Timeless X
  • 💡Smart Wallet
    • Manage your smart wallet
    • Fund your smart wallet
    • Send funds from smart wallet
    • Smart Wallet FAQ
      • Did you send funds to a centralized exchange from your smart wallet?
      • Where is the private key for smart wallet?
      • Why do I pay high gas fees for smart wallet transactions?
      • How can I disable a smart wallet?
    • Account Abstraction 101
      • 🔤Glossary
      • What is an account?
      • What is Externally Owned Account (EOA)?
      • What is Smart Contract Account (SCA)?
      • What is UserOperation?
      • What is Bundler?
      • What is EntryPoint?
      • What is Aggregator?
      • What is Paymaster?
      • What is ERC-4337?
      • What is EIP-1271?
      • What is ERC-6900?
  • 🔆Browser Extension
    • Getting Started w/ Timeless Extension
      • Create a smart wallet
      • Explore web3 your way
      • Chat via Telegram
      • Stay social with Farcaster
  • 🎯Campaigns
    • 🔆Timeless Points (TXP)
      • Earning TXPs
        • Earning TXPs via in-app activities
        • Earning TXPs via daily check-ins
        • Earning retroactive TXPs
    • 🎟️Genesis Pass
      • Genesis - Arecibo (Linea)
    • 🎡Linea Park Guide
      • Create a new wallet
      • Fund your wallet
      • Add a wallet to your Layer3 account
      • Verify a Layer3 task with an additional wallet
      • Mint a Lucky Cat NFT (20 LXP)
      • Mint a ticket for Lucky Cat Draw (20 LXP)
      • Send a ticket NFT via link
      • Send funds to another address
      • 🔘Linea Park FAQ
        • What is the Lucky Cat?
        • Bind your wallet to Linea Activations page
        • Connect to Layer3 via WalletConnect
    • 🥁The Call of Taiko
      • 1️⃣Download Timeless X
      • 2️⃣Create a new wallet
      • 3️⃣Change the network to Holesky & Taiko Hekla
      • 4️⃣Link Timeless X to Galxe as a secondary wallet
      • 5️⃣Bridge ETH from Holesky to Taiko Hekla
      • 6️⃣Swap on Hekla Testnet
      • 🚰Claim ETH from alternative Holesky faucets
      • 🎯Call of Taiko FAQ
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On this page
  • Creating a signer account for your AA smart wallet
  • Back up your private key
  • Things You Should Know About Regular Wallets (EOA)
  • What does a regular wallet offer?
  • What about the disadvantages of a regular wallet?
  • What are the best practices for regular wallet users?
  • What are the differences between the regular wallet and AA smart wallet?
  1. Manage Your Wallet

Create a new wallet

PreviousDownload Timeless XNextImport a wallet

Last updated 10 months ago

Regular wallets are a common type of blockchain accounts that allow users direct control. Created through private keys, these accounts offer a unique signature and access to the blockchain. Users can send/receive funds and interact with dApps using regular wallets. They are supported on multiple blockchains and are uniquely able to initiate transactions, provided they are supplied with sufficient gas fees.

Once you install Timeless X, tap 'Create new wallet' and you will have a wallet in just seconds. Choose a secure 6-digits PIN as an extra layer of security. Alternatively, you can choose Biometrics option by navigating to Settings. You can also turn 'App Lock' off at your own discretion.

Creating a signer account for your AA smart wallet

Choosing the 'Keyless Wallet' option during initial setup assigns a smart contract account as your primary account in the app. However, to initiate and sign transactions, a signer account (EOA) is required. Therefore, you must either create a new regular wallet or import an existing one.

Back up your private key

When setting up a regular wallet , it's crucial to securely save and back up your private key. This precaution is vital; without it, regaining access to your wallet and any associated AA smart wallets in the future becomes impossible. We strongly emphasize the importance of this step to ensure the safety and recoverability of your digital assets.

Things You Should Know About Regular Wallets (EOA)

What does a regular wallet offer?

An regular wallet is the gateway for users to participate actively in the blockchain ecosystem, such as Ethereum, allowing for a wide range of activities including transactions, voting, and smart contract engagement. Furthermore, regular wallets play a crucial role in securely storing digital assets.

  • Ease of Use: Regular wallets offer a straightforward and user-friendly approach to blockchain interaction, making them accessible to everyone.

  • Full Control: Users enjoy complete autonomy over their accounts and assets, thanks to the exclusive control provided by private keys.

What about the disadvantages of a regular wallet?

  • Loss of Private Key: If the private key is misplaced or compromised, access to the associated funds is irrecoverably lost.

  • Limited Functionality: Regular wallets cannot execute complex logic or code, unlike smart contract accounts.

What are the best practices for regular wallet users?

  • Security: Keep your private key confidential and secure to protect your account and assets.

  • Backup: Regularly back up your private key or seed phrase to safeguard against accidental losses.

  • Transaction Accuracy: Always verify the recipient's address and be aware of the transaction fees before proceeding.

What are the differences between the regular wallet and AA smart wallet?

  • Security and Ownership: Regular wallets are protected and operated through private keys, offering a direct and secure way to manage assets.

  • Operational Logic: In contrast, smart wallets are created when the smart contract is deployed on Ethereum. They operate based on the predefined logic in the contract's code, with their addresses determined by the deploying wallet's (EOA) address and the nonce.

If you wish to import an existing wallet, you can follow .

🌟
this guide
Create a new wallet
Signer Account
Back up private key for EOA wallet
Save private key for EOA wallet