How To Manage KIN On Ledger With the MyKinWallet
Launched in 2017, Kin (KIN) is a blockchain built to scale for mass usage and supports an Ecosystem-wide digital economy where app developers and mainstream consumers make millions of micro-transactions.
Kin gives app developers, content creators, and users a new way to earn real value from their contributions to the shared digital space. Currently, KIN can only be stored on a Ledger hardware wallet without the ability to manage the funds. But don’t worry! The MyKinWallet fills in the gap by being able to connect to the Ledger wallet where the stored funds can be managed.
In today’s tutorial, we will show you how to manage your stored KIN through the MyKinWallet. Ready? Here, we go…
Before you begin: You will need to have an initialized Ledger hardware wallet, plus the Kin app already installed on your Ledger device. You also need to have the Ledger Live application downloaded and installed on your device.
Make sure you are using the latest version of Ledger Live.
Steps to getting the Ledger and the MyKinWallet started
#1. Luckily, MyKinWallet is a browser app, making the connection to Ledger much easier. Just visit the main page of MyKinWallet and get started.
#2. From the ‘Access My Wallet’ section select the ‘Ledger device’ option like so:
#3. Next, click ‘Connect’ and that’s yet. You would now see the KIN account balance and manage the funds as required.
KIN is one of the few cryptocurrencies that are not yet fully supported by Ledger. At the moment, all that is possible is to store the crypto coins but not manage them directly. However, the problem is resolved by connecting the Ledger device storing the coins to the MyKinWallet. This allows access to the account, hence, enabling the users to manage their assets as intended.