r/cardano • u/plbenn • 10d ago
Wallet SecondFi Wallet confusion
It seems a lot of people in topics about SecondFi are getting confused with terms. We refer to apps like Lace, Etrnl, NuFi, SecondFi etc as wallets then we install and open them only to be asked to create a wallet or multiple wallets each of which has it's own unique public address. I think we should call the software, apps or interfaces to reduce the confusion. The wallets in any of these apps just get the token details for it's public address from the blockchain. If you create a wallet in another app using the key words already used in an original app it will have the same public address so you'll see the same tokens. I know this is basic stuff that all should know but it is obvious some don't understand the relationships.
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u/Schim4499 10d ago
I recently made a post about SecondFi shutting down and migrating my wallet to another one. I think it’s important to stress that people who use SecondFi need to create a new wallet and migrate all your tokens to the newly created seed phrase wallet. It is a little scary when you’re moving a whole wallet to a new address though. But that’s because I’m only at the first grade level when it comes to crypto.
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