❓FAQ's

FAQ's answered regarding THORWallet.

1. What Is A Seed Phrase?

A seed phrase is a string of 12 to 24 words generated by a crypto wallet that allows you to restore access to your funds.

Also known as a mnemonic phrase, it serves as a security measure for self-custodied digital assets

2. How is my Wallet Protected?

Every wallet is protected by a unique seed phrase and by a sign-in password/biometric check upon opening the app.

3. Does THORWallet DEX know my seed phrase?

No. THORWallet DEX has no access to your seed phrase. It is important that you place it in a safe place. In case you loose your seed phrase, we cannot support you.

4. Is my THORWallet Army NFT activated in the app?

Simply transfer your THORWallet NFT to your main ethereum address. It will be automatically detected. You can see that your NFT is activated in settings in the Collectibles (see screenshot bellow).

5. Does THORWallet DEX own my coins?

THORWallet DEX is a non-custodial wallet, meaning you have full control over your own funds. Your coins are stored with you, so it's crucial to keep your wallet’s seed phrase in a safe place.

We do not have access to your seed phrase and cannot assist if it is lost.

6.What are EVM's?

EVM stands for Ethereum Virtual Machine, a software environment that executes smart contracts on the Ethereum blockchain.

EVM compatibility means that a blockchain can support the EVM, enabling it to run Ethereum smart contracts. This allows developers to write and deploy the same smart contracts across multiple EVM-compatible blockchains without needing to make major changes to their code.

BSC, AVALANCHE, FANTOM, and ARBITRUM are examples of EVM-compatible blockchains.

All EVM-compatible blockchains use the same address format