User wallets

SettleMint's User Wallets feature offers a production-ready solution for managing infinite wallets with efficiency and scalability. This tool empowers users with seamless wallet generation, ensuring cost-effective management and eliminating additional expenses. By generating unique addresses for each user, privacy is significantly enhanced, while improved performance ensures faster, parallel transaction processing through separate nonces. User wallet also simplifies wallet recovery since all wallets are derived from a single master key. User wallets use the same signing proxy to sign transactions with the corresponding user private key.

Set up user wallets

To set up your user wallets, navigate to your application, click Private keys in the left navigation, and then click Create a private key. This opens a form.

Select HD ECDSA P256 as the private key type then, enter a name for your deployment. You can also select the nodes or load balancers on which you want to enable the user wallets. You can change this later if you want to use your user wallets on a different node. Click Confirm to deploy the wallet.

Create user wallets

When your deployment status is Running, you can click on it to check the details. You can see the Mnemonic from which the user wallets are generated under Key material.

Upon initialization, the User Wallets section is empty. To create your first user wallet, click on Create a user wallet.

This opens a form in which you must enter a wallet name.

The new user wallet appears in the list.

You can now see the address associated with that user. Remember that for networks that require gas to perform a transaction, the user wallet should contain enough funds to cover the gas price. You can fund it using the address displayed in the list.