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Create a LocalCoin Wallet



Terminology

In this section, we want to describe Terminologies and guide you to create and register your LocalCoin Account.

Wallet

Wallets interacts with the blockchain to process accounts and funds functionalities. Users register to create a single wallet. The single wallet can carry many accounts. Users who have a lifetime membership (LTM) can register multiple accounts in parallel; all of them are stored in a single wallet. Also, users can create multiple wallets to organize their accounts properly.

Accounts

In LocalCoin, you can create own unique account name, so, you can remember easily. And you will use the account name to communicate (e.g. Send fund) with other LocalCoin account users (LLC Holders) like an email address. The advantage of using account name is that people can identify you by using a readable and memorable word instead of cryptographic addresses.

Each user has at least one account that can be used to interact with the blockchain. The account can be seen as a single banking account with an individual balance, transaction history, etc. Since these accounts are registered on the blockchain and are open to the public, we recommend to pick a pseudonym to achieve some privacy.

Keys

Keys refer to the cryptography used to secure access to your account and funds. It is of importance to prevent others from gaining access to these keys.

LocalCoin has owner, active and memo keys. And each key has public key and private key. It's important to know that Owner permission has administrative powers over the whole account. Active Permission is considered as an “online” permission that allows to access funds and some account settings.



Light wallet or Web wallet?

Before we create a wallet, let's check what type of wallet you can have as your LocalCoin wallet. Quick check the below chart.

wallet

Did you find out which type of wallet you want to have?

  • If you want to install Light Wallet (LocalCoin UI), download LocalCoin UI Releases file and install it to your machine.
    • This does not mean you will have a Local wallet.
  • If you want to use Web Wallet, go to this link (https://wallet.localcoin.is).


Create an Account

In this section, you will create a Cloud wallet.

We use the term Cloud Wallet, but technically nothing is stored in the cloud. We call the Cloud Wallet because you can use your credentials (username and password) from any web browser at any time to gain access to your account.

Welcome LocalCoin - Create Account & Login form

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Steps

  • 1.Click [CREATE ACCOUNT]
  • 2.Type in [ACCOUNT NAME]. You can create your unique LocalCoin account name.
  • 3.Set a password. Copy and use a GENERATED PASSWORD
  • 4.Type or paste your password to confirm.
  • 5.Check the check boxes. Make sure you read before you check!
  • 6.Click [CREATE ACCOUNT]

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Before you submit, check your password one more time if you saved the correct one.

ONLY you can open your wallet again. No one can help. Do not lose it!

  • 7.Click [SHOW ME MY PASSWORD] and double check if you have a correct password.
  • 8.Click [OK,TAKE ME TO THE DASHBOARD]

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  • Click the top menu [Dashbord] if it did not open.

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Now, you have a LocalCoin Cloud Wallet. Before you fund to your account, let's login to make sure if you have a correct password.



Login

Click a Locked Key icon in the top right corner to open a login form.

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Cloud Wallet Login form

If you followed the above steps to create a LocalCoin account, you have a Cloud Wallet as a default wallet.

On the Login form, you can see which wallet Login form for. (i.e., Login with: Account name (cloud wallet))

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If you logged in successfully, you would find a Unlocked Key.

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Advanced: Create an Account

In this section, you will create a Local Wallet.

If you have a Cloud Wallet, you can access your wallet from any browsers. However, the Local Wallet, you can only access your funds from the same computer and web browser that you have used to register and create your account.

The Local wallet requires you to create a backup file to manage your account and funds. The backup file can be used to move

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Steps

  • 1.Click [advanced form]
  • 2.Type in [ACCOUNT NAME]. You can create your unique LocalCoin account name.
  • 3.Set a password. Create own strong password.
  • 4.Type or paste your password to confirm.
  • 5.Click [CREATE ACCOUNT]

> If this is yore first account, a faucet will pay the registration fee for you!

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> Your Web Browser is your Wallet: Please read the information below.

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  • Click [CREATE BACKUP NOW]

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It's extremely important you to create a backup of your account and keep a safe place.

  • Click [DOWNLOAD] to save a backup (.bin) file.

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Congratulation, you're ready!

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LocalCoin Wallet Features

Quick Review Wallet Options

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  Item name note
1 Dashboard The Wallet Portfolio, Open Orders, Margin Positions, and Activity information
2 Exchange LocalCoin Exchange, Trading information
3 Explore LocalCoin Live Blockchain, Assets, Accounts, Witnesses members, Committee members, Markets, and Fee Schedule
4 Send Opens a Send form. You can send funds to other LocalCoin Account Holders
5 A LocalCoin account name A account name that the data shows on a Dashboard page
6 Key icon By click, opens a login form. Locked/Unlocked Key icon shows if you've logged in the account currently
7 Side Menu icon Side Menu icon opens the wallet other menus in a dropdown list
8 Asset Total Currently showing in a Dashboard Total Assets
9 LocalCoin Wallet Version The Release Version of LocalCoin UI Wallet
10 Latency The delay of Network connection
11 Server Node name A server node name that you are connecting

Dashboard

Dashboard

Dashboard Tabs

Tab name note
Portfolio Your Assets list. You can filter the assets and hide some assets if you don't need to watch.
Open Orders  
Margin Positions  
Activity Show your all transactions. (i.e., The below shows a type of transactions to choose from.)

Activity - Filters

Dashboard


Side Menus - Dropdown items

option  
login By click, opens a login form.
Create Account Users who have a lifetime membership (LTM) can register multiple accounts in parallel;
all of them are stored in a single wallet
Send(legacy) Transfer details (Original page). Send on the top menu is new form.
Deposit Deposit funds from other parties (Original Deposit page)
Deposit(beta) Select an asset you want to deposit and provide you a sending address, Gateway, identicon, and notes.
Withdraw (Original Withdraw page)
Withdraw(beta) Search an asset to withdraw
Settings You can manage your wallet appearance and other settings.
Settings - CLOUD Wallet Login Mode:
  • General
  • Accounts
  • Restore/Import
  • Nodes
  • Faucet
  • Reset settings
Settings - LOCAL Wallet Login Mode:
  • General
  • Local Wallet
  • Accounts
  • Password
  • Backup
  • Restore/Import
  • Access
  • Faucet
News LocalCoin Blockchain Foundation and other News
Help Open a Help page
Voting You can vote for Witnesses, Committee or Workers. Or you can set a Proxy to case a vote.
Voting is important: in Localcoin in the same way it is important to the community in which you live. The weight of your vote is directly correlated to the number of LLC you own.
If you aren't heavily involved in the community, you are encouraged to choose a proxy who represents your interests.
Asset Issued Assets
Signed Message  
Membership stats Basic Member is a default membership. You can upgrade to Lifetime Membership here.
Vesting balances Vesting balances contain any fees earned through the referral program or from worker pay,
For example. They have a tain vesting period and are continually unlocked during that vesting period until all of the balances are available
Whitelist You can set Whitelist and/or Blicklist. Also, you can view 'Whitelisted by' and 'Blacklisted by'.
Permissions You can review/renew each account’s (Active, Owner, and Memo) Public keys and Private keys information.
Active Permission: It’s consider to be the “online” permission. control accessing funds and some account settings.
Owner Permission: This permission has administrative power over the account Also, if you want to change your Cloud Wallet password, use the “Cloud Wallet” tab page.
(Accounts)  


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