Only1's wallet is a digital wallet to receive, send, and store USDC, a digital coin fully pegged to the US. dollar, and SOL, a popular crypto currency based on Solana's network. Similar to a regular wallet contains cash yet digital.
Upon signing in with social logins or email for the first time, a wallet is created and linked to the profile. The user exclusively maintains complete control over this wallet and its assets.
Wallet Address
This wallet comes with a long wallet address, similar like every credit card or bank account has a card number. It is the recipient number for received USDC and SOL.
Wallet Recovery Key (private key)
Every wallet also comes with a wallet recovery key (also private key). Through the wallet recovery key, a wallet and funds can be recovered if access is lost to the social login or email.
Only1 Support will never request its users to share their login details or wallet recovery key (private key)