Creating a New Wallet

When you first launch the app, you’ll need to choose the kind of node you want to connect your wallet to. You have two options: either to use a remote node or a Local one. The first option requires you to connect to an already running RGB Lightning Node, while the second automatically initialize one on the device you are using and stores data on it. In this guide we will show the flow for the local node option since it is the easiest way to start testing the KaleidoSwap app.

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Create New Wallet

To start the creation process, you first need to select “Create New Wallet” option: Then, you will need proceed with the following steps:

1. Assign a name to your new account and select the network you want to use. The network selector offers Regtest (and its Local, Docker and Bitfinex variants), Signet, Mutinynet and Testnet as testing environments. Mainnet is not yet selectable.

2. Set a Secure Password: Enter a strong password to protect your wallet and then click on “Initialize Node”. This will trigger the initialization of your node on your machine.

3. Backup: After the node has been initialized, write down the mnemonic phrase provided and store it securely.

4. Verify recovery phrase: you will be asked to enter back your recovery seed for security purposes.

After that, some moments will be required to unlock your new local node and you will then land to the home page of KaleidoSwap, ready to start operating with it!

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Select Account

If instead of creating a new account you need to select an existing one, you can select it among the ones that has been previously saved on the left menu, even if it has not been initialized. Here is the procedure:

1. Select Account: From the menu on the left.
2. Click on Select Node after checking that it’s the correct account.
3. Unlock Wallet Enter the previously generated password to unlock the local RGB Lightning Node instance.

Please note that unlocking your node could take a while due to a current limitation experienced in the RGB Lightning Network code.

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